Wabash National Corporation
WNC Industrials Farm & Heavy Construction Machinery
Wabash National Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, down 20.8% from fiscal 2024. In the quarter to June 2026, revenue fell 9.06%, EPS fell 143.5%, free cash flow grew 175.0% and total debt rose 17.3%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
Follow WNC
A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
31.92 | 115.48 | 179.27 | 58.25 | 71.78 | 217.68 | 140.52 | 132.69 | 191.52 | 163.47 |
Receivables |
119.87 | 143.95 | 182.99 | 255.58 | 176.51 | 101.30 | 172.74 | 181.06 | 146.84 | 153.63 |
Inventory |
181.15 | 258.83 | 267.64 | 243.87 | 237.62 | 163.75 | 186.91 | 184.40 | 180.74 | 139.95 |
Total current assets |
419.09 | 594.49 | 681.35 | 592.62 | 529.71 | 545.76 | 541.39 | 549.42 | 576.39 | 481.41 |
Property, Plant, Equpment (Net) |
300.48 | 339.25 | 325.44 | 271.12 | 232.43 | 209.68 | 221.35 | 206.99 | 195.36 | 134.14 |
Long-Term Investments |
7.25 | 7.25 | 1.65 | — | — | — | — | — | — | — |
Goodwill and Intangible Assets (Total) |
254.78 | 262.89 | 274.83 | 287.67 | 302.88 | 366.45 | 500.92 | 521.41 | 554.49 | 242.77 |
Long Term Assets (Tax, Deferred) |
9.05 | 94.87 | — | — | — | — | — | — | — | 20.34 |
Long-term assets (Other) |
180.54 | 112.79 | 79.54 | 52.12 | 42.06 | 39.58 | 40.93 | 26.57 | 25.27 | 20.08 |
Total non-current assets |
752.10 | 817.04 | 681.46 | 610.90 | 577.37 | 615.71 | 763.20 | 754.97 | 775.12 | 417.33 |
Total Assets |
1,171.18 | 1,411.53 | 1,362.81 | 1,203.52 | 1,107.07 | 1,161.47 | 1,304.59 | 1,304.39 | 1,351.51 | 898.73 |
Accounts Payable |
145.74 | 146.74 | 156.61 | 189.14 | 173.95 | 104.43 | 134.82 | 153.11 | 108.45 | 71.34 |
Current Part of Debt |
— | — | — | — | — | — | — | 1.88 | 46.02 | 2.47 |
Current Part of Capital Lease |
— | — | — | 0.00 | 0.06 | 0.35 | 0.33 | 0.30 | 0.29 | 0.49 |
Total current liabilities |
302.30 | 308.41 | 352.21 | 347.47 | 289.33 | 235.75 | 259.38 | 271.68 | 283.67 | 166.61 |
Long Term Debt (Total) |
442.85 | 397.14 | 396.47 | 395.82 | 428.32 | 448.01 | 455.76 | 503.73 | 505.10 | 234.87 |
Long Term Tax Liability (Deferred) |
— | — | 17.01 | 27.76 | 36.02 | 46.78 | 37.58 | 34.91 | 36.96 | 0.50 |
Minority Interests |
1.18 | 1.00 | 0.60 | 0.51 | — | — | — | — | — | — |
Non-current Liabilities (Other) |
57.49 | 516.15 | 47.03 | 34.35 | 27.87 | 26.05 | 30.89 | 20.23 | 19.72 | 24.36 |
Total non-current liabilities |
500.34 | 913.29 | 461.11 | 458.44 | 492.21 | 520.84 | 524.23 | 558.87 | 561.78 | 259.73 |
Total liabilities |
802.64 | 1,221.70 | 813.32 | 805.91 | 781.53 | 756.59 | 783.60 | 830.54 | 845.45 | 426.34 |
Additional Paid In Capital |
700.70 | 689.22 | 677.89 | 665.94 | 653.98 | 644.70 | 638.92 | 629.04 | 653.44 | 640.88 |
Common Stock (Net) |
0.79 | 0.78 | 0.77 | 0.77 | 0.76 | 0.76 | 0.75 | 0.74 | 0.74 | 0.73 |
Retained Earnings |
303.62 | 105.63 | 403.92 | 188.24 | 92.11 | 107.23 | 221.84 | 150.24 | 98.73 | 3.59 |
Treasury Stock |
637.34 | 603.57 | 532.66 | 456.45 | 422.17 | 355.44 | 336.54 | 302.84 | 244.45 | 169.96 |
Common Equity (Total) |
368.54 | 189.83 | 549.50 | 397.61 | 325.54 | 404.88 | 520.99 | 473.85 | 506.06 | 472.39 |
Shareholders Equity (Total) |
368.54 | 189.83 | 549.50 | 397.61 | 325.54 | 404.88 | 520.99 | 473.85 | 506.06 | 472.39 |
Shareholders Equity and Liabilities (Total) |
1,171.18 | 1,411.53 | 1,362.81 | 1,203.52 | 1,107.07 | 1,161.47 | 1,304.59 | 1,304.39 | 1,351.51 | 898.73 |
Shares (Common) |
40.44 | 42.88 | 45.39 | 47.68 | 48.95 | 52.54 | 53.47 | 55.14 | 57.56 | 60.13 |
Shareholders Equity (Tangible) |
113.76 | (73.06) | 274.67 | 109.95 | 22.66 | 38.43 | 20.06 | (47.56) | (48.43) | 229.62 |
Net Debt |
410.93 | 281.66 | 217.19 | 337.57 | 356.54 | 230.33 | 315.25 | 372.92 | 359.60 | 73.88 |
Total Debt |
442.85 | 397.14 | 396.47 | 395.82 | 428.32 | 448.01 | 455.76 | 505.61 | 551.12 | 237.34 |