Wabash National (WNC) Gross Margin (2010 - 2026)
Wabash National (WNC) reported Gross Margin of 3.49% for Q1 2026, down 848.0% on a YoY basis from 0.47% in Q1 2025, and down 80.82% quarter-over-quarter from 1.93% in Q4 2025.
Wabash National (WNC) Gross Margin (2010 - 2026) Analysis & Trends
Wabash National has reported Gross Margin for 17 years, with the latest figure at 3.49% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 848.0% year-over-year to 3.49%; the trailing twelve-month figure through Mar 2026 stood at 2.75% (down 870.0% YoY), and the FY2025 full-year result was 4.53%, down 908.0% from the prior year.
- Gross Margin for Q1 2026 stood at 3.49%, down from 1.93% in the prior quarter.
- The five-year high for Gross Margin was 22.0% in Q2 2023, with the low at 3.49% in Q1 2026.
- Historically, Gross Margin has averaged 11.51% across 5 years, with a median of 12.14% in 2022.
- Annual changes were most pronounced in 2023 — Gross Margin soared 986 bps — and 2025, when it sank 1224 bps.
- Wabash National's Gross Margin stood at 14.39% in 2022, then climbed by 26 bps to 18.16% in 2023, then tumbled by 43 bps to 10.31% in 2024, then slumped by 119 bps to 1.93% in 2025, then plunged by 81 bps to 3.49% in 2026.
- The last three Gross Margin figures came in at 3.49% (Q1 2026), 1.93% (Q4 2025), and 4.12% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 397.22 Bn | 393.14 Bn | 6.11 Bn | 35.08% |
| 2 | Deere | 151.61 Bn | 143.71 Bn | 13.06 Bn | 97.71% |
| 3 | Paccar | 60.18 Bn | 59.49 Bn | 1.36 Bn | 20.07% |
| 4 | Oshkosh | 8.00 Bn | 7.75 Bn | 311.90 Mn | 13.46% |
| 5 | Terex | 5.74 Bn | 5.35 Bn | 206.00 Mn | 11.88% |
| 6 | Blue Bird | 2.18 Bn | 1.91 Bn | 70.65 Mn | 20.03% |
| 7 | Alamo | 1.82 Bn | 1.62 Bn | 104.81 Mn | 25.12% |
| 8 | Lindsay | 1.21 Bn | 1.02 Bn | 42.35 Mn | 27.38% |
| 9 | Astec Industries | 1.14 Bn | 1.06 Bn | 99.10 Mn | 25.01% |
| 10 | Wabash National | 337.73 Mn | 295.42 Mn | -10.58 Mn | -3.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.49% |
| Dec 31, 2025 | -1.93% |
| Sep 30, 2025 | 4.12% |
| Jun 30, 2025 | 9.02% |
| Mar 31, 2025 | 4.99% |
| Dec 31, 2024 | 10.31% |
| Sep 30, 2024 | 12.07% |
| Jun 30, 2024 | 16.28% |
| Mar 31, 2024 | 14.84% |
| Dec 31, 2023 | 18.16% |
| Sep 30, 2023 | 19.42% |
| Jun 30, 2023 | 22.00% |
| Mar 31, 2023 | 18.69% |
| Dec 31, 2022 | 14.39% |
| Sep 30, 2022 | 14.04% |
| Jun 30, 2022 | 12.14% |
| Mar 31, 2022 | 10.62% |
| Dec 31, 2021 | 8.90% |
| Sep 30, 2021 | 10.58% |
| Jun 30, 2021 | 12.37% |