Wabash National Corporation (WNC)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -376,598 | -317,552 | 194,276 | 254,102 | 294,685 | 291,075 | 265,012 | 196,577 | 146,435 | 60,354 | 25,516 | 11,390 | 1,290 | 37,926 | 27,880 | 12,045 | -109,214 | -87,900 | -57,613 | -16,416 |
| 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 |
| Pretax margin | -19.35% | -14.94% | 8.47% | 10.45% | 11.62% | 11.20% | 10.11% | 7.63% | 5.85% | 2.60% | 1.19% | 0.58% | 0.07% | 2.19% | 1.75% | 0.81% | -7.37% | -5.31% | -3.05% | -0.76% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-376,598K ÷ $1,946,740K
= -19.35%
The pretax margin of Wabash National Corporation has shown a fluctuating trend over the analyzed periods. Initially, the company experienced negative pretax margins, indicating that its operating income was not sufficient to cover pre-tax expenses. However, starting from March 31, 2021, the pretax margin turned positive, indicating an improvement in the company's profitability before taxes.
The trend continued to improve gradually, reaching its peak at 11.62% on December 31, 2023. This significant improvement in pretax margin reflects the company's efforts in enhancing operational efficiency and cost management.
However, in the subsequent periods, the pretax margin experienced a decline. Notably, by the end of December 31, 2024, the pretax margin had sharply dropped to -19.35%. This decline suggests potential challenges or increased costs that impacted the company's profitability before tax.
Overall, while Wabash National Corporation had shown improvement in its pretax margin over the analyzed periods, the significant decline at the end of 2024 indicates a need for the company to closely monitor its expenses and operational performance to sustain and enhance profitability in the future.