Wabash National (WNC) Gross Margin (2010 - 2026)
Wabash National (WNC) posted Gross Margin of 3.49% for Q1 2026, down 80.82% on a QoQ basis from 1.93% in Q4 2025, and down 848.0% year-over-year from 0.47% in Q1 2025.
Wabash National (WNC) Gross Margin (2010 - 2026) Analysis & Trends
Wabash National's Gross Margin history runs 17 years deep, the most recent figure standing at 3.49% for Q1 2026.
- Quarterly Gross Margin fell 848.0% year-over-year to 3.49% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 2.75% (down 870.0% YoY) and the FY2025 annual result came in at 4.53%, down 908.0% from the prior year.
- Gross Margin was 3.49% for Q1 2026 at Wabash National, down from 1.93% in the prior quarter.
- Across five years, Gross Margin topped out at 22.0% in Q2 2023 and bottomed at 3.49% in Q1 2026.
- A 5-year average of 11.51% and a median of 12.14% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin soared 986 bps — and 2025, when it plunged 1224 bps.
- Wabash National's Gross Margin stood at 14.39% in 2022, then increased by 26 bps to 18.16% in 2023, then sank by 43 bps to 10.31% in 2024, then plunged by 119 bps to 1.93% in 2025, then slumped by 81 bps to 3.49% in 2026.
- Business Quant data shows WNC's Gross Margin at 3.49% in Q1 2026, 1.93% in Q4 2025, and 4.12% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 414.02 Bn | 409.95 Bn | 6.11 Bn | 35.08% |
| 2 | Deere | 164.89 Bn | 157.03 Bn | 13.06 Bn | 97.71% |
| 3 | Paccar | 68.81 Bn | 67.93 Bn | 1.36 Bn | 20.07% |
| 4 | CNH Industrial | 13.19 Bn | 11.63 Bn | 1.22 Bn | 31.91% |
| 5 | Oshkosh | 11.41 Bn | 11.16 Bn | 311.90 Mn | 13.46% |
| 6 | Agco | 8.50 Bn | 8.28 Bn | 581.40 Mn | 24.82% |
| 7 | Terex | 6.58 Bn | 6.19 Bn | 206.00 Mn | 11.88% |
| 8 | Greenpower Motor | 3.53 Bn | 3.53 Bn | 1.26 Mn | - |
| 9 | Blue Bird | 2.45 Bn | 2.18 Bn | 70.65 Mn | 20.03% |
| 10 | Wabash National | 542.24 Mn | 499.93 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% |