WNC vs CMI vs FSS Stock Comparison

Wabash National, Cummins and Federal Signal Prices as of Oct 29, 2026 Peers: Industry group
WNC WABASH NATIONAL Corp
$13.29 +4.9% 1M +59.9% 1Y
Market cap
$483.49M
P/E
–
Revenue (TTM)
$1.52B
Div. yield
–
Heavy Equipment Industrials
2 wins
CMI Cummins Inc
$517.69 -0.7% 1M +17.3% 1Y
Market cap
$68.74B
P/E
25.3x
Revenue (TTM)
$34.71B
Div. yield
–
Heavy Equipment Industrials
2 wins
FSS Federal Signal Corp /De/
$115.22 +0.8% 1M -11.2% 1Y
Market cap
$6.82B
P/E
23.0x
Revenue (TTM)
$2.55B
Div. yield
0.01%
Heavy Equipment Industrials
7 wins

Head to Head

11 decided of 12

Federal Signal leads on 7 of the 12 questions below (Federal Signal 7, Cummins 2, Wabash National 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionWNCCMIFSSLeader
Larger companyMarket capitalisation $483.49M $68.74B $6.82B CMI
Cheaper on earningsLower P/E, profitable companies only -3.5x 25.3x 23.0x FSS
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 16.5x 23.4x CMI
Faster revenue growthRevenue growth, trailing twelve months -7.3% +2.9% +24.0% FSS
More profitableNet margin, trailing twelve months -9.1% 7.8% 11.7% FSS
Better return on capitalReturn on invested capital -14.8% 13.6% 16.0% FSS
Less leveragedLower net debt / EBITDA -4.7x 0.7x 0.7x WNC
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.01% –
Better 1-year returnPrice return, last 12 months +59.9% +17.3% -11.2% WNC
Better 5-year returnAnnualised price return, 5 years -3.1%/yr +16.6%/yr +21.9%/yr FSS
Less volatileAnnualised volatility, 1 year 57.3% 36.7% 34.9% FSS
Higher overall scoreMean of the five percentile scores vs peers 24/100 61/100 77/100 FSS

Percentile Scorecard

WNCCMIFSS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisWNCCMIFSS
Valuation 21 #161 of 203 53 #97 of 203 58 #85 of 203
Growth 2 #185 of 188 54 #88 of 188 92 #16 of 188
Profitability 15 #155 of 183 73 #51 of 183 92 #16 of 183
Financial Health 9 #196 of 216 52 #104 of 216 77 #50 of 216
Shareholder Returns 72 #43 of 152 73 #42 of 152 65 #54 of 152
Overall 24 61 77
  • WNC ranked among 222 companies in Machinery
  • CMI ranked among 222 companies in Machinery
  • FSS ranked among 222 companies in Machinery

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodWNCCMIFSSSPY
1 month +4.9%-0.7%+0.8% +0.7%
3 months +7.2%-18.2%-7.7% +3.7%
6 months +52.9%-22.8%-6.4% +7.1%
Year to date +53.6%+1.4%+6.1% +12.8%
1 year +59.9%+17.3%-11.2% +11.9%
3 years -36.2%+137.8%+98.4% +85.2%
3 years, per year -13.9%+33.5%+25.7% +22.8%
5 years -14.4%+115.8%+169.1% +67.6%
5 years, per year -3.1%+16.6%+21.9% +10.9%
10 years +19.7%+308.9%+849.1% +262.0%
10 years, per year +1.8%+15.1%+25.2% +13.7%

Risk

MeasureWNCCMIFSSSPY
Volatility, 1Y 57.3%36.7%34.9% 12.7%
Downside volatility, 1Y 51.4%38.1%35.9% 12.6%
Beta vs S&P 500, 1Y 1.521.651.27 1.00
Return / volatility, 1Y 1.050.47-0.32 0.94
Max drawdown, 5Y -77.4%-30.8%-33.3% -25.4%
From 52-week high -7.2%-28.8%-13.8% -1.2%
52-week high $14.32$727.59$133.73 $779.14
52-week low $6.77$428.74$104.77 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleWNCCMIFSS
P/E now vs peer median -3.9xmedian 25.8x 26.3xmedian 25.8x 23.7xmedian 25.8x
P/S now vs peer median 0.4xmedian 1.9x 2.1xmedian 1.9x 2.8xmedian 1.9x
EV/EBITDA now vs peer median -10.1xmedian 14.6x 14.9xmedian 14.6x 14.5xmedian 14.6x
P/FCF now vs peer median -3.8xmedian 22.2x 21.2xmedian 22.2x 19.3xmedian 22.2x
P/B now vs peer median 2.0xmedian 2.2x 5.1xmedian 2.2x 4.5xmedian 2.2x
PEG now vs peer median 0.10median 1.45 8.20median 1.45 0.89median 1.45

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsWNCCMIFSS
Revenue $1.52B $34.71B $2.55B
Gross profit $13.43M $8.79B $741.70M
Operating income -$157.62M $3.89B $412.80M
Net income -$138.69M $2.83B $296.90M
Free cash flow -$144.30M $3.37B $365.10M
R&D – $1.44B –
EPS (diluted) $-3.38 $19.60 $4.83
Cash & equivalents $69.29M $3.18B $73.70M
Total debt $540.26M $7.35B $420.30M
Shares (diluted) 40.99M 138.50M 61.50M
Enterprise value $267.35M $64.82B $6.55B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricWNCCMIFSS
P/E -3.9x 26.3x 23.7x
P/FCF -3.8x 21.2x 19.3x
P/Operating cash flow -4.4x 15.3x 17.5x
P/S 0.4x 2.1x 2.8x
P/B 2.0x 5.1x 4.5x
P/Tangible book 2.5x 6.1x 5.9x
EV/EBITDA -10.1x 14.9x 14.5x
EV/EBIT -6.4x 19.2x 17.9x
EV/Revenue 0.7x 2.2x 2.9x
EV/FCF -7.0x 22.2x 20.2x
EV/Operating cash flow -8.2x 16.1x 18.3x
PEG (3Y EPS CAGR) 0.10 8.20 0.89

Growth

14 metrics
MetricWNCCMIFSS
Revenue growth (1Y) -7.3% 2.9% 24.0%
Revenue CAGR (3Y) -16.4% 2.5% 15.2%
Gross profit growth (1Y) -88.7% 1.7% 24.8%
Gross profit CAGR (3Y) -69.7% 4.8% 20.2%
Operating income growth (1Y) -142.5% -6.0% 26.0%
Operating income CAGR (3Y) -35.9% 4.1% 25.7%
Net income growth (1Y) -153.3% -7.8% 25.9%
Net income CAGR (3Y) -37.9% 2.9% 26.8%
EPS growth (1Y) -153.5% -7.7% 25.7%
EPS CAGR (3Y) -39.7% 3.2% 26.7%
Operating cash flow growth (1Y) -182.2% 63.4% 62.4%
Operating cash flow CAGR (3Y) -35.4% 28.8% 45.6%
Free cash flow growth (1Y) -330.0% 103.8% 66.2%
Free cash flow CAGR (3Y) -43.3% 45.3% 53.2%

Profitability

14 metrics
MetricWNCCMIFSS
Gross margin 0.9% 25.3% 29.1%
EBITDA margin -6.6% 14.4% 19.9%
Operating margin -10.4% 11.2% 16.2%
Pretax margin -12.0% 11.1% 15.2%
Net margin -9.1% 7.8% 11.7%
FCF margin -9.5% 9.7% 14.3%
Operating cash flow margin -8.1% 13.4% 15.8%
Return on equity -49.0% 20.7% 19.2%
Return on assets -11.2% 8.1% 12.1%
Return on invested capital -14.8% 13.6% 16.0%
Return on capital employed -18.1% 16.0% 19.2%
Asset turnover 1.2x 1.0x 1.0x
Cash conversion (OCF / net income) 0.9x 1.6x 1.4x
Stock comp / revenue 0.7% – 0.6%

Financial Health

11 metrics
MetricWNCCMIFSS
Debt / assets 43.8% 20.6% 17.1%
Debt / equity 2.0x 0.5x 0.3x
Net debt / EBITDA -4.7x 0.7x 0.7x
Debt / FCF -3.7x 2.2x 1.2x
Liabilities / assets 78.0% 61.0% 35.7%
Equity / assets 22.0% 39.0% 64.3%
Interest coverage -6.2x 12.1x 17.9x
Current ratio 1.4x 1.7x 3.0x
Quick ratio 0.7x 1.0x 1.3x
Cash ratio 0.2x 0.4x 0.3x
Altman Z-score 1.51 4.49 7.56

Shareholder Returns

7 metrics
MetricWNCCMIFSS
Dividend yield 2.4% 1.6% 0.5%
Net buyback yield 0.1% 0.7% 0.0%
Shareholder yield 2.5% 2.2% 0.5%
Payout ratio (earnings) – – 12.1%
Payout ratio (FCF) – – 9.9%
Dividend growth (1Y) – – 9.4%
Dividend CAGR (3Y) – – 15.9%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusWNCCMIFSS
Forward P/E – 16.5xFY2026 23.4xFY2026
EPS, next fiscal year $-2.47FY2026 $31.39FY2026 $4.92FY2026
EPS growth, next FY – +31.9%FY2026 +16.3%FY2026
EPS growth, the year after – +14.7% +10.0%
Revenue, next fiscal year $1.68BFY2026 $35.38BFY2026 $2.79BFY2026
Revenue growth, next FY +9.3%FY2026 +5.1%FY2026 +28.1%FY2026
Revenue growth, the year after +13.4% +11.3% -5.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersWNCCMIFSS
Held by institutions 91.8% 85.4% 100.0%
Institutions holding 165 2,107 475
Change in shares held, QoQ -3.6% +1.0% +3.9%
Institutions buying 84 1,050 250
Institutions selling 61 728 152
Buyers to sellers 1.38 1.44 1.64

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

WNCCMIFSS
WNC 1.00 0.39 0.39
CMI 0.39 1.00 0.46
FSS 0.39 0.46 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, WNC, CMI and FSS?

Cummins (CMI) is the largest by market capitalisation: Wabash National (WNC) $483.49M, Cummins (CMI) $68.74B, Federal Signal (FSS) $6.82B.

Which stock is cheaper, WNC, CMI and FSS?

Federal Signal (FSS) trades on the lowest price-to-earnings ratio (Wabash National (WNC) -3.5x, Cummins (CMI) 25.3x, Federal Signal (FSS) 23.0x). On next year's consensus earnings, Cummins (CMI) is cheapest (Cummins (CMI) 16.5x, Federal Signal (FSS) 23.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Federal Signal (FSS) grew revenue fastest over the trailing twelve months: Wabash National (WNC) -7.3%, Cummins (CMI) +2.9%, Federal Signal (FSS) +24.0%.

Which company is more profitable?

Federal Signal (FSS) has the highest net margin (Wabash National (WNC) -9.1%, Cummins (CMI) 7.8%, Federal Signal (FSS) 11.7%). On return on invested capital, Federal Signal (FSS) leads (Wabash National (WNC) -14.8%, Cummins (CMI) 13.6%, Federal Signal (FSS) 16.0%).

Which stock has performed better?

Over the past year Wabash National (WNC) returned the most: Wabash National (WNC) +59.9%, Cummins (CMI) +17.3%, Federal Signal (FSS) -11.2%. Over five years, Federal Signal (FSS) compounded fastest (Wabash National (WNC) -3.1%/yr, Cummins (CMI) +16.6%/yr, Federal Signal (FSS) +21.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Wabash National (WNC) 0.00%, Cummins (CMI) 0.00%, Federal Signal (FSS) 0.01%. Wabash National (WNC) and Cummins (CMI) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Federal Signal (FSS) has been the steadiest (Wabash National (WNC) 57.3%, Cummins (CMI) 36.7%, Federal Signal (FSS) 34.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, WNC, CMI and FSS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Federal Signal (FSS) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.