Wabash National Corporation (WNC)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -355,731 | -298,129 | 212,536 | 271,710 | 312,035 | 308,571 | 283,809 | 216,407 | 166,642 | 90,298 | 55,686 | 42,462 | 33,542 | 62,203 | 52,348 | 35,663 | -85,608 | -63,868 | -34,007 | 7,532 |
| 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 |
| Operating profit margin | -18.27% | -14.02% | 9.26% | 11.18% | 12.30% | 11.88% | 10.83% | 8.40% | 6.66% | 3.89% | 2.59% | 2.17% | 1.86% | 3.60% | 3.28% | 2.40% | -5.78% | -3.85% | -1.80% | 0.35% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-355,731K ÷ $1,946,740K
= -18.27%
Wabash National Corporation's operating profit margin has shown fluctuations over the quarters analyzed. Starting from March 31, 2020, where the operating profit margin was 0.35%, it declined in the subsequent quarters, reaching negative figures by December 31, 2020.
However, the trend started to improve in the following periods, with a notable increase in the operating profit margin in March 31, 2023, reaching a peak of 12.30% by December 31, 2023. This upward trend continued into the first quarter of 2024, with an operating profit margin of 11.18%.
Nevertheless, the operating profit margin experienced a significant decline in the following quarters of September 30, 2024, and December 31, 2024, recording negative percentages of -14.02% and -18.27% respectively.
Overall, while the operating profit margin exhibited volatility over the quarters, the company showed periods of improvement, notably reaching its highest point in December 31, 2023. However, the negative figures towards the end of 2024 raise concerns about the company's profitability and efficiency in managing its operating expenses.