Wabash National Corporation (WNC)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -284,071 | 231,252 | 112,258 | 1,164 | -97,412 |
| Revenue | US$ in thousands | 1,946,740 | 2,536,500 | 2,502,130 | 1,803,270 | 1,481,890 |
| Net profit margin | -14.59% | 9.12% | 4.49% | 0.06% | -6.57% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-284,071K ÷ $1,946,740K
= -14.59%
The net profit margin of Wabash National Corporation has experienced fluctuations over the past five years, ranging from negative to positive figures.
In December 2020, the net profit margin was -6.57%, indicating that the company's expenses exceeded its revenues, resulting in a net loss. However, by December 2021, the net profit margin improved slightly to 0.06%, signaling a very small profit relative to its revenues.
The company's performance saw a more significant improvement in December 2022 with a net profit margin of 4.49%, indicating better cost management and revenue generation. This positive trend continued into December 2023, where the net profit margin further increased to 9.12%, reflecting a substantial improvement in profitability.
Unfortunately, there was a significant downturn by December 2024, as the net profit margin dropped to -14.59%. This suggests that the company incurred a substantial loss compared to its revenues, possibly due to increased expenses or declining sales during that period.
Overall, the fluctuating net profit margins of Wabash National Corporation indicate varying levels of profitability and financial performance over the five-year period, with notable improvements followed by a sharp decline in the last year.