Wabash National Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.54B | $1.95B | $2.54B | $2.50B | $1.80B | $1.48B | $2.32B | $2.27B |
| Cost of Revenue | $1.47B | $1.68B | $2.04B | $2.18B | $1.61B | $1.32B | $2.01B | $1.98B |
| Gross Profit | $69.9M | $265.1M | $498.2M | $322.7M | $196.5M | $159.8M | $306.4M | $283.7M |
| Gross Margin | 4.5% | 13.6% | 19.6% | 12.9% | 10.9% | 10.8% | 13.2% | 12.5% |
| Operating Expenses | ||||||||
| Research & Development | $5.9M | $8.6M | $7.5M | $5.3M | $13.6M | $21.9M | $19.5M | $8.8M |
| SG&A Expense | — | $621.2M | $186.2M | $156.0M | $88.8M | $92.7M | $108.3M | $95.1M |
| Operating Income | $307.5M | $-356.1M | $311.9M | $166.6M | $33.5M | $-85.6M | $142.8M | $111.0M |
| Operating Margin | 19.9% | -18.3% | 12.3% | 6.7% | 1.9% | -5.8% | 6.2% | 4.9% |
| Interest Expense | — | — | $19.9M | $20.5M | $23.1M | $24.2M | $27.3M | $28.8M |
| Pretax Income | $283.2M | $-376.6M | $294.7M | $146.4M | $1.3M | $-109.2M | $117.7M | $96.0M |
| Income Tax Expense | $71.5M | $-93.5M | $62.8M | $33.7M | $126.0K | $-11.8M | $28.2M | $26.6M |
| Net Income | $211.5M | $-284.1M | $231.3M | $112.3M | $1.2M | $-97.4M | $89.6M | $69.4M |
| Net Margin | 13.7% | -14.6% | 9.1% | 4.5% | 0.1% | -6.6% | 3.9% | 3.1% |
| EPS (Basic) | $5.09 | $-6.40 | $4.92 | $2.31 | $0.02 | $-1.84 | $1.64 | $1.22 |
| EPS (Diluted) | $5.07 | $-6.40 | $4.81 | $2.25 | $0.02 | $-1.84 | $1.62 | $1.19 |
| Shares Outstanding (Basic) | 41.5M | 44.4M | 47.0M | 48.6M | 50.7M | 52.9M | 54.7M | 57.0M |
| Shares Outstanding (Diluted) | 41.7M | 44.4M | 48.0M | 49.9M | 51.6M | 52.9M | 55.3M | 58.4M |
| Dividends Per Share | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 | $0.32 | $0.31 |