Wabash National Corporation (WNC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 265,072 | 498,187 | 322,691 | 196,467 | 159,754 |
| Revenue | US$ in thousands | 1,946,740 | 2,536,500 | 2,502,130 | 1,803,270 | 1,481,890 |
| Gross profit margin | 13.62% | 19.64% | 12.90% | 10.90% | 10.78% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $265,072K ÷ $1,946,740K
= 13.62%
The gross profit margin of Wabash National Corporation has shown varying trends over the past five years. It stood at 10.78% as of December 31, 2020, indicating that the company retained 10.78 cents of each revenue dollar after accounting for the cost of goods sold. In the subsequent years, the margin slightly increased to 10.90% by December 31, 2021.
A notable improvement was observed by December 31, 2022, where the gross profit margin surged to 12.90%, signifying enhanced efficiency in production and cost management. This positive trend continued into December 31, 2023, with a substantial increase to 19.64%, suggesting potentially higher pricing power or cost control measures.
However, by December 31, 2024, the gross profit margin experienced a decline to 13.62%, possibly indicating increased costs or pricing pressures. Overall, although there have been fluctuations in the gross profit margin, the company has demonstrated both challenges and opportunities in managing its production costs and revenue generation during this period.