Feb 26, 2026

Shares of Wabash have declined in value over the last half-year, underperforming the broader market index. This performance was partly driven by its softer quarterly results.

Concerns Regarding Future Business

A key indicator for the company, its order backlog, stood at $705 million in its most recent financial quarter. This backlog has seen an average year-on-year decline of 28.7% over the prior two-year period, indicating a potential challenge in securing new business. This trend may point to heightened competitive pressures or a maturing market.

Declining Returns on Capital

The firm’s return on invested capital has fallen markedly in recent years. This downward trajectory, combined…