Wabash National Corporation (WNC)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	261,455	323,516	390,417	455,403	494,984	484,561	453,656	380,663	322,691	270,742	229,782	207,356	196,467	199,315	191,464	170,177	159,754	186,565	221,106	274,435
Revenue (ttm)	US$ in thousands	1,946,740	2,126,026	2,294,814	2,430,824	2,536,500	2,597,849	2,620,171	2,576,320	2,502,129	2,323,957	2,151,373	1,958,026	1,803,268	1,728,069	1,597,087	1,486,818	1,481,889	1,656,812	1,886,136	2,173,036
Gross profit margin		13.43%	15.22%	17.01%	18.73%	19.51%	18.65%	17.31%	14.78%	12.90%	11.65%	10.68%	10.59%	10.90%	11.53%	11.99%	11.45%	10.78%	11.26%	11.72%	12.63%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $261,455K ÷ $1,946,740K
= 13.43%

The gross profit margin of Wabash National Corporation has fluctuated over the period from March 31, 2020, to December 31, 2024. The margin started at 12.63% in March 2020, decreased to 10.78% by December 2020, and then showed some volatility over the next few quarters, ranging from 10.59% to 12.90%.

From March 2023 onwards, there was a significant improvement in the gross profit margin, with a notable increase each quarter. This increase peaked at 19.51% by December 31, 2023, before gradually declining to 13.43% by December 31, 2024.

Overall, the trend in the gross profit margin of Wabash National Corporation shows variability in the earlier periods, followed by a substantial improvement and subsequent decline towards the end of the period. It is essential for the company to closely monitor and manage its cost of goods sold and revenue generation to sustain or improve its gross profit margin in the future.