Wabash National Corporation (WNC) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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WNC Revenue Growth
Revenue Breakdown (FY 2025)
WNC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
WNC Revenue Analysis (2014–2025)
As of May 8, 2026, Wabash National Corporation (WNC) generated trailing twelve-month (TTM) revenue of $1.47 billion, reflecting significant decline in growth of -20.4% year-over-year. The most recent quarter (Q1 2026) recorded $303.2 million in revenue, down 5.7% sequentially.
Looking at the longer-term picture, WNC's 5-year compound annual growth rate (CAGR) stands at +0.8%, indicating moderate growth over time. The company achieved its highest annual revenue of $2.54 billion in 2023.
Revenue diversification analysis shows WNC's business is primarily driven by New Trailers (65%), Equipment and Other (26%), and Components, Parts and Services (8%). With over half of revenue concentrated in New Trailers, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including WLFC (+25.6% YoY), GNSS (+91.4% YoY), and THR (+6.1% YoY), WNC has underperformed the peer group in terms of revenue growth. Compare WNC vs WLFC →
WNC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WNCCurrent | $1.5B | -20.4% | +0.8% | 20.8% | |
 WLFC | $676M | +25.6% | +18.5% | 32.3% | |
 GNSS | $41M | +91.4% | -1.1% | -41.2% | |
 THR | $498M | +6.1% | +5.4% | 16.0% | |
 HYLN | $3M | +130.3% | - | -1886.4% |
WNC Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.54B | -20.8% | $58.7M | 3.8% | $321.1M | 20.8% |
| 2024 | $1.95B | -23.3% | $265.1M | 13.6% | $-356,104,000 | -18.3% |
| 2023 | $2.54B | +1.4% | $498.2M | 19.6% | $311.9M | 12.3% |
| 2022 | $2.50B | +38.8% | $322.7M | 12.9% | $166.6M | 6.7% |
| 2021 | $1.80B | +21.7% | $196.5M | 10.9% | $33.5M | 1.9% |
| 2020 | $1.48B | -36.1% | $159.8M | 10.8% | $-85,608,000 | -5.8% |
| 2019 | $2.32B | +2.3% | $306.4M | 13.2% | $142.8M | 6.2% |
| 2018 | $2.27B | +28.3% | $283.7M | 12.5% | $111.0M | 4.9% |
| 2017 | $1.77B | -4.2% | $260.9M | 14.8% | $130.8M | 7.4% |
| 2016 | $1.85B | -9.0% | $325.5M | 17.6% | $202.5M | 11.0% |
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Start ComparisonWNC — Frequently Asked Questions
Quick answers to the most common questions about buying WNC stock.
Is WNC's revenue growth accelerating or slowing?
WNC revenue declined -20.4% year-over-year, contrasting with the 5-year CAGR of +0.8%. TTM revenue fell to $1.5B. This reverses the prior growth trend.
What is WNC's long-term revenue growth rate?
Wabash National Corporation's 5-year revenue CAGR of +0.8% reflects the variable expansion pattern. Current YoY growth of -20.4% is below this long-term average.
How is WNC's revenue distributed by segment?
WNC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.