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
DateValue
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%