Q4 Rundown: Wabash (NYSE:WNC) Vs Other Heavy Transportation Equipment Stocks

March 21, 2025 at 05:11 AM EDT

WNC Cover Image

Wrapping up Q4 earnings, we look at the numbers and key takeaways for the heavy transportation equipment stocks, including Wabash (NYSE: WNC) and its peers.

Heavy transportation equipment companies are investing in automated vehicles that increase efficiencies and connected machinery that collects actionable data. Some are also developing electric vehicles and mobility solutions to address customers’ concerns about carbon emissions, creating new sales opportunities. Additionally, they are increasingly offering automated equipment that increases efficiencies and connected machinery that collects actionable data. On the other hand, heavy transportation equipment companies are at the whim of economic cycles. Interest rates, for example, can greatly impact the construction and transport volumes that drive demand for these companies’ offerings.

The 14 heavy transportation equipment stocks we track reported a satisfactory Q4. As a group, revenues beat analysts’ consensus estimates by 1.5%.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 10.8% since the latest earnings results.

Wabash (NYSE: WNC)

With its first trailer reportedly built on two sawhorses, Wabash (NYSE: WNC) offers semi trailers, liquid transportation containers, truck bodies, and equipment for moving goods.

Wabash reported revenues of $416.8 million, down 30.1% year on year. This print exceeded analysts’ expectations by 0.9%. Despite the top-line beat, it was still a slower quarter for the company with full-year EPS guidance missing analysts’ expectations.

Wabash achieved the highest full-year guidance raise but had the slowest revenue growth of the whole group. Still, the market seems discontent with the results. The stock is down 6.3% since reporting and currently trades at $11.26.

Read our full report on Wabash here, it’s free.

Best Q4: REV Group (NYSE: REVG)

Offering the first full-electric North American fire truck, REV (NYSE: REVG) manufactures and sells specialty vehicles.

REV Group reported revenues of $525.1 million, down 10.4% year on year, outperforming analysts’ expectations by 6.5%. The business had an incredible quarter with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

The market seems happy with the results as the stock is up 6.3% since reporting. It currently trades at $29.01.

Is now the time to buy REV Group? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Wabtec (NYSE: WAB)

Also known as Wabtec, Westinghouse Air Brake Technologies (NYSE: WAB) provides equipment, systems, and related software for the railway industry.

Wabtec reported revenues of $2.58 billion, up 2.3% year on year, falling short of analysts’ expectations by 0.6%. It was a softer quarter as it posted a significant miss of analysts’ EBITDA estimates.

As expected, the stock is down 11.6% since the results and currently trades at $183.95.

Read our full analysis of Wabtec’s results here.

Cummins (NYSE: CMI)

With more than half of the heavy-duty truck market using its engines at one point, Cummins (NYSE: CMI) offers engines and power systems.

Cummins reported revenues of $8.45 billion, down 1.1% year on year. This print beat analysts’ expectations by 4.7%. Overall, it was a stunning quarter as it also put up an impressive beat of analysts’ adjusted operating income estimates.

The stock is down 6.7% since reporting and currently trades at $324.90.

Read our full, actionable report on Cummins here, it’s free.

PACCAR (NASDAQ: PCAR)

Founded more than a century ago, PACCAR (NASDAQ: PCAR) designs and manufactures commercial trucks of various weights and sizes for the commercial trucking industry.

PACCAR reported revenues of $7.36 billion, down 14.3% year on year. This number came in 1.3% below analysts' expectations. Overall, it was a slower quarter as it also produced a miss of analysts’ EPS estimates and a slight miss of analysts’ EBITDA estimates.

The stock is down 10.1% since reporting and currently trades at $98.81.

Read our full, actionable report on PACCAR here, it’s free.

Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

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