Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise-20.0%
Next ReportOct 28, 2026
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Jul 23, 2026
$-0.53
$-0.57
6.3%
March 31, 2026
$-1.17
$-1.02
-14.8%
Dec. 31, 2025
$-0.93
$-0.77
-20.8%
Sept. 30, 2025
$-0.51
$-0.39
-29.3%
June 30, 2025
$-0.15
$-0.34
55.4%
March 31, 2025
$-0.58
$-0.27
-116.7%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement16
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue
$1.54B
$1.95B
$2.54B
$2.50B
$1.80B
$1.48B
$2.32B
$2.27B
$1.77B
$1.85B
$2.03B
$1.86B
Cost of Revenue
$1.47B
$1.68B
$2.04B
$2.18B
$1.61B
$1.32B
$2.01B
$1.98B
$1.51B
$1.52B
$1.72B
$1.63B
Gross Profit
$70M
$265M
$498M
$323M
$196M
$160M
$306M
$284M
$261M
$326M
$303M
$233M
R&D Expense
$6M
$9M
$8M
$5M
$14M
$22M
$20M
$9M
$4M
$6M
$5M
$2M
SG&A Expense
·
$621M
$186M
$156M
$89M
$93M
$108M
$95M
$78M
$74M
$73M
$62M
Operating Income
$308M
$-356M
$312M
$167M
$34M
$-86M
$143M
$111M
$131M
$203M
$180M
$122M
Interest Expense
·
·
$20M
$21M
$23M
$24M
$27M
$29M
$16M
$16M
$20M
$22M
Other Non-op
$4M
$5M
$3M
$318.0K
$-9M
$588.0K
$2M
$14M
$8M
$-1M
$2M
$-2M
Pretax Income
$283M
$-377M
$295M
$146M
$1M
$-109M
$118M
$96M
$123M
$185M
$163M
$98M
Income Tax
$72M
$-94M
$63M
$34M
$126.0K
$-12M
$28M
$27M
$11M
$66M
$59M
$38M
Net Income
$211M
$-284M
$231M
$112M
$1M
$-97M
$90M
$69M
$111M
$119M
$104M
$61M
EPS (Basic)
$5.09
$-6.40
$4.92
$2.31
$0.02
$-1.84
$1.64
$1.22
$1.88
$1.87
$1.55
$0.88
EPS (Diluted)
$5.07
$-6.40
$4.81
$2.25
$0.02
$-1.84
$1.62
$1.19
$1.78
$1.82
$1.50
$0.85
Shares (Basic)
41,511,000
44,359,000
47,011,000
48,626,000
50,684,000
52,945,000
54,695,000
56,996,000
59,358,000
63,729,000
67,201,000
68,895,000
Shares (Diluted)
41,746,000
44,359,000
48,030,000
49,881,000
51,608,000
52,945,000
55,290,000
58,430,000
62,599,000
65,762,000
69,368,000
71,063,000
EBITDA
$308M
$-356M
$312M
$167M
$34M
$-86M
$143M
$111M
$131M
$203M
$180M
$122M
Balance Sheet30
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Cash & Equivalents
$32M
$115M
$179M
$58M
$72M
$218M
$141M
$133M
$192M
$163M
$179M
$146M
Receivables
$120M
$144M
$183M
$256M
$177M
$101M
$173M
$181M
$147M
$154M
$153M
$135M
Inventory
$181M
$259M
$268M
$244M
$238M
$164M
$187M
$184M
$181M
$140M
$167M
$177M
Prepaid Expense
$86M
$76M
$51M
$35M
$44M
$63M
$41M
$51M
$57M
$24M
$8M
$10M
Other Current Assets
$4M
$3M
$5M
$6M
$4M
$7M
$16M
$13M
$11M
$8M
·
·
Current Assets
$419M
$594M
$681M
$593M
$530M
$546M
$541M
$549M
$576M
$481M
$530M
$486M
PP&E (Net)
·
·
·
·
·
·
$221M
$207M
$195M
$134M
$140M
$143M
PP&E (Gross)
·
·
·
·
·
·
·
$475M
$446M
$375M
$372M
$363M
Accum. Depreciation
·
·
·
·
·
·
·
$268M
$251M
$241M
$231M
$220M
Goodwill
$191M
$188M
$188M
$188M
$188M
$200M
$311M
$311M
$317M
$148M
$150M
$150M
Intangibles
$64M
$74M
$86M
$99M
$114M
$167M
$190M
$210M
$237M
$94M
$115M
$137M
Other Non-current Assets
$181M
$113M
$80M
$52M
$42M
$40M
$41M
$27M
$25M
$20M
$14M
$13M
Total Assets
$1.17B
$1.41B
$1.36B
$1.20B
$1.11B
$1.16B
$1.30B
$1.30B
$1.35B
$899M
$950M
$927M
Accounts Payable
$146M
$147M
$157M
$189M
$174M
$104M
$135M
$153M
$108M
$71M
$80M
$96M
Accrued Liabilities
$157M
$162M
$196M
$158M
$115M
$131M
$124M
$116M
$129M
$92M
$93M
$89M
Current Liabilities
$302M
$308M
$352M
$347M
$289M
$236M
$259M
$272M
$284M
$167M
$211M
$187M
Capital Leases
$23M
$25M
$23M
$17M
$8M
$7M
$10M
$714.0K
$1M
$1M
$2M
$6M
Deferred Tax
$0
$0
$17M
$28M
$36M
$47M
$38M
$35M
$37M
$499.0K
$1M
$2M
Other Non-current Liabilities
$57M
$516M
$47M
$34M
$28M
$26M
$31M
$20M
$20M
$24M
$21M
$18M
Total Liabilities
$803M
$1.22B
$813M
$805M
$782M
$757M
$784M
$831M
$845M
·
·
$332.5K
Long-term Debt
$445M
$400M
$400M
$400M
$433M
$454M
$460M
$511M
$557M
$239M
$312M
$325M
Total Debt
$443M
$397M
$396M
$396M
$428M
$448M
$455M
$505M
$550M
$236M
$313M
$325M
Common Stock
·
·
·
$766.0K
$759.0K
$755.0K
$750.0K
$744.0K
$737.0K
$725.0K
$715.0K
$709.0K
Paid-in Capital
$701M
$689M
$678M
$666M
$654M
$645M
$639M
$629M
$653M
$641M
$643M
$636M
Retained Earnings
$304M
$106M
$404M
$188M
$92M
$107M
$222M
$150M
$99M
$4M
$-112M
$-216M
Treasury Stock
$637M
$604M
$533M
$456M
$422M
$355M
$337M
$303M
$244M
$170M
$90M
$29M
AOCI
$-398.0K
$-3M
$-428.0K
$-882.0K
$859.0K
$8M
$-4M
$-3M
$-2M
$-3M
$-2M
$-637.0K
Stockholders' Equity
$367M
$189M
$549M
$398M
$326M
$405M
$521M
$474M
$506M
$472M
$440M
$391M
Liabilities + Equity
$1.17B
$1.41B
$1.36B
$1.20B
$1.11B
$1.16B
$1.30B
$1.30B
$1.35B
$899M
$950M
$929M
Shares Outstanding
40,436,437
42,882,308
45,393,260
47,675,796
48,954,482
52,536,482
53,473,620
55,135,788
57,564,493
60,129,631
64,929,510
68,998,069
Cash Flow15
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
D&A
$59M
$57M
$45M
$47M
$49M
$48M
$42M
$41M
$35M
$37M
$38M
$39M
Stock-based Comp
$11M
$11M
$12M
$10M
$7M
$5M
$9M
$10M
$10M
$12M
$10M
$8M
Deferred Tax
$86M
$-112M
$-13M
$-8M
$-8M
$5M
$3M
$-3M
$-15M
$4M
$-8M
$17M
Amort. of Intangibles
$11M
$12M
$13M
$15M
$23M
$22M
$20M
$19M
$17M
$20M
$21M
$22M
Operating Cash Flow
$12M
$117M
$320M
$124M
$-7M
$124M
$146M
$112M
$144M
$179M
$132M
$93M
CapEx
$25M
$72M
$98M
$57M
$49M
$20M
$38M
$34M
$26M
$20M
$21M
$20M
Investing Cash Flow
$-93M
$-95M
$-106M
$-55M
$-27M
$-3M
$-37M
$-13M
$-332M
$-17M
$-8M
·
Debt Issued
·
·
·
·
·
·
·
·
·
·
·
$0
Net Debt Issued
·
·
·
·
·
·
·
·
·
·
·
$0
Dividends Paid
$14M
$15M
$16M
$16M
$16M
$17M
$18M
$18M
$15M
$0
$0
·
Financing Cash Flow
$-3M
$-86M
$-93M
$-82M
$-111M
$-44M
$-102M
$-158M
$216M
$-177M
$-91M
·
Net Change in Cash
$-84M
$-64M
$121M
$-14M
$-146M
$77M
$8M
$-59M
$28M
$-15M
$33M
$33M
Taxes Paid
$-1M
$30M
$83M
$18M
$-467.0K
$-5M
$20M
$24M
$41M
$69M
$66M
$20M
Free Cash Flow
$-13M
$45M
$222M
$67M
$-57M
$104M
$109M
$78M
$118M
$158M
$111M
$73M
Levered FCF
·
·
$206M
$51M
$-77M
$82M
$88M
$58M
$103M
$148M
$98M
$59M
Profitability8
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Gross Margin
4.5%
13.6%
19.6%
12.9%
10.9%
10.8%
13.2%
12.5%
14.8%
17.6%
15.0%
12.5%
Operating Margin
19.9%
-18.3%
12.3%
6.7%
1.9%
-5.8%
6.2%
4.9%
7.4%
11.0%
8.9%
6.6%
Net Margin
13.7%
-14.6%
9.1%
4.5%
0.06%
-6.6%
3.9%
3.1%
6.3%
6.5%
5.1%
3.3%
Pretax Margin
18.4%
-19.4%
11.6%
5.9%
0.07%
-7.4%
5.1%
4.2%
6.9%
10.1%
8.1%
5.3%
EBITDA Margin
19.9%
-18.3%
12.3%
6.7%
1.9%
-5.8%
6.2%
4.9%
7.4%
11.0%
8.9%
6.6%
ROA
16.4%
-20.5%
18.0%
9.7%
0.10%
-8.5%
6.7%
5.2%
8.2%
12.6%
10.6%
6.6%
ROE
56.2%
-145.9%
43.3%
29.6%
0.33%
-24.3%
17.3%
14.6%
22.8%
26.2%
25.1%
17.1%
ROIC
28.4%
-45.7%
25.9%
16.2%
4.0%
-8.9%
11.1%
8.2%
11.3%
18.4%
15.3%
10.6%
Liquidity & Solvency5
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Current Ratio
1.4
1.9
1.9
1.7
1.8
2.3
2.1
2.0
2.0
2.9
2.5
2.6
Quick Ratio
0.5
0.8
1.0
0.9
0.9
1.4
1.2
1.2
1.2
1.9
1.6
1.5
Debt / Equity
1.2
2.1
0.7
1.0
1.3
1.1
0.9
1.1
1.1
0.5
0.7
0.8
LT Debt / Equity
1.2
2.1
0.7
1.0
1.3
1.1
0.9
1.1
1.0
0.5
0.6
0.8
Interest Coverage
·
·
15.7
8.1
1.5
-3.5
5.2
3.9
8.0
12.9
9.2
5.5
Efficiency3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Asset Turnover
1.2
1.4
2.0
2.2
1.6
1.3
1.7
1.7
1.3
2.0
2.1
2.0
Inventory Turnover
6.7
6.4
8.0
9.1
8.0
7.5
10.8
10.9
9.4
9.9
10.0
9.0
Receivables Turnover
11.7
11.9
11.6
11.6
13.0
10.8
13.1
13.8
11.8
12.0
14.1
14.6
Per Share6
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Book Value / Share
$9.08
$4.40
$12.11
$8.34
$6.65
$7.71
$9.74
$8.59
$8.79
$7.86
$6.77
$5.66
Revenue / Share
$36.96
$43.89
$52.81
$50.16
$34.94
$27.99
$41.94
$38.80
$28.23
$28.06
$29228.02
$26220.61
Cash Flow / Share
$0.28
$2.64
$6.65
$2.49
$-0.14
$2.34
$2.65
$1.92
$2.31
$2.72
$1899.94
$1303.56
Cash / Share
$0.79
$2.69
$3.95
$1.22
$1.47
$4.14
$2.63
$2.41
$3.33
$2.72
$2.75
$2.12
Dividend / Share
$0.32
$0.32
$0.32
$0.32
$0.32
$0.32
$0.32
$0.30
$0.26
$0.06
$0.00
·
EPS (TTM)
$5.07
$-6.40
$4.81
$2.25
$0.02
$-1.84
$1.62
$1.19
$1.78
$1.82
$1.50
$0.85
Growth Rates8
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue YoY
-20.8%
-23.2%
1.4%
38.8%
21.7%
·
·
·
·
·
·
·
Revenue CAGR 3Y
-14.9%
2.6%
19.6%
·
·
·
·
·
·
·
·
·
Revenue CAGR 5Y
0.81%
·
·
·
·
·
·
·
·
·
·
·
EPS YoY
·
·
113.8%
11150.0%
·
·
·
·
·
·
·
·
EPS CAGR 3Y
31.1%
·
·
·
·
·
·
·
·
·
·
·
Net Income YoY
·
·
106.0%
9544.2%
·
·
·
·
·
·
·
·
Net Income CAGR 3Y
23.5%
·
·
·
·
·
·
·
·
·
·
·
Dividends Paid CAGR 5Y
-4.5%
·
·
·
·
·
·
·
·
·
·
·
Valuation (TTM)17
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue TTM
$1.54B
$1.95B
$2.54B
$2.50B
$1.80B
$1.48B
$2.32B
$2.27B
$1.77B
$1.85B
$2.03B
$1.86B
Net Income TTM
$211M
$-284M
$231M
$112M
$1M
$-97M
$90M
$69M
$111M
$119M
$104M
$61M
Market Cap
$350M
$735M
$1.16B
$1.08B
$956M
$905M
$786M
$721M
$1.25B
$951M
$768M
$853M
Enterprise Value
$761M
$1.02B
$1.38B
$1.42B
$1.31B
$1.14B
$1.10B
$1.09B
$1.61B
$1.02B
$902M
$1.03B
P/E
1.7
-2.7
5.3
10.0
976.0
-9.4
9.1
11.0
12.2
8.7
7.9
14.5
P/S
0.2
0.4
0.5
0.4
0.5
0.6
0.3
0.3
0.7
0.5
0.4
0.5
P/B
1.0
3.9
2.1
2.7
2.9
2.2
1.5
1.5
2.5
2.0
1.7
2.2
P / Tangible Book
3.1
·
4.2
9.8
42.2
23.6
·
·
·
·
·
·
P / Cash Flow
30.0
6.3
3.6
8.7
-127.9
7.3
5.4
6.4
8.7
5.3
5.8
9.2
P / FCF
-26.8
16.3
5.3
16.1
-16.9
8.7
7.2
9.2
10.6
6.0
6.9
11.7
EV / EBITDA
2.5
-2.9
4.4
8.5
39.1
-13.3
7.7
9.9
12.3
5.1
5.0
8.4
EV / FCF
-58.3
22.5
6.2
21.1
-23.2
10.9
10.1
13.9
13.6
6.5
8.1
14.2
EV / Revenue
0.5
0.5
0.5
0.6
0.7
0.8
0.5
0.5
0.9
0.6
0.4
0.6
Dividend Yield
3.9%
2.0%
1.4%
1.5%
1.7%
1.9%
2.3%
2.5%
1.2%
0.00%
0.00%
·
Earnings Yield
58.6%
-37.4%
18.8%
10.0%
0.10%
-10.7%
11.0%
9.1%
8.2%
11.5%
12.7%
6.9%
Payout Ratio
6.5%
-5.2%
6.9%
14.3%
1411.9%
-17.8%
19.9%
25.6%
13.8%
·
·
·
Annual Payout
$14M
$15M
$16M
$16M
$16M
$17M
$18M
$18M
$15M
$0
$0
·
Income Statement15
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Revenue
$417M
$303M
$321M
$382M
$459M
$381M
$417M
$464M
$551M
$515M
$596M
$633M
$687M
$621M
$657M
$655M
Cost of Revenue
$402M
$314M
$328M
$366M
$417M
$362M
$374M
$408M
$461M
$439M
$488M
$510M
$536M
$505M
$563M
$563M
Gross Profit
$15M
$-11M
$-6M
$16M
$41M
$19M
$43M
$56M
$90M
$76M
$108M
$123M
$151M
$116M
$95M
$92M
SG&A Expense
·
·
·
·
·
·
·
$479M
$34M
$37M
·
$36M
$37M
$36M
$71M
$28M
Operating Income
$-25M
$-52M
$-60M
$58M
$-5M
$315M
$4M
$-433M
$44M
$30M
$61M
$78M
$103M
$70M
$58M
$53M
Interest Expense
·
·
·
·
·
·
·
·
$5M
$5M
·
$5M
$5M
$5M
·
$5M
Other Non-op
$367.0K
$290.0K
$1M
$1M
$-33.0K
$2M
$869.0K
$1M
$2M
$2M
$2M
$844.0K
$475.0K
$387.0K
$895.0K
$-179.0K
Pretax Income
$-31M
$-58M
$-66M
$52M
$-12M
$309M
$-2M
$-438M
$39M
$25M
$57M
$74M
$99M
$65M
$53M
$47M
Income Tax
$-9M
$-13M
$-16M
$12M
$-3M
$78M
$-1M
$-108M
$10M
$6M
$7M
$18M
$24M
$14M
$12M
$11M
Net Income
$-23M
$-45M
$-50M
$40M
$-10M
$231M
$-1M
$-330M
$29M
$18M
$50M
$55M
$74M
$51M
$41M
$36M
EPS (Basic)
$-0.56
$-1.11
$-1.23
$0.98
$-0.23
$5.41
$-0.02
$-7.53
$0.65
$0.40
$1.10
$1.18
$1.57
$1.07
$0.86
$0.75
EPS (Diluted)
$-0.56
$-1.11
$-1.23
$0.97
$-0.23
$5.36
$-0.02
$-7.53
$0.64
$0.39
$1.07
$1.16
$1.54
$1.04
$0.84
$0.73
Shares (Basic)
40,917,000
40,739,000
·
40,928,000
41,753,000
42,716,000
·
43,832,000
44,896,000
45,383,000
·
46,906,000
47,452,000
47,770,000
·
48,515,000
Shares (Diluted)
40,917,000
40,739,000
·
41,170,000
41,753,000
43,087,000
·
43,832,000
45,365,000
46,254,000
·
47,755,000
48,373,000
49,136,000
·
49,402,000
EBITDA
$-25M
$-52M
·
$58M
$-5M
$315M
·
$-433M
$44M
$30M
·
$78M
$103M
$70M
·
$53M
Balance Sheet27
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Cash & Equivalents
$71M
$43M
$32M
$92M
$57M
$81M
$115M
$82M
$77M
$116M
·
$105M
$99M
$68M
·
$81M
Receivables
$172M
$159M
$120M
$147M
$190M
$172M
$144M
$239M
$243M
$248M
·
$211M
$232M
$257M
·
$248M
Inventory
$192M
$198M
$181M
$220M
$252M
$279M
$259M
$261M
$273M
$279M
·
$344M
$342M
$316M
·
$310M
Prepaid Expense
$56M
$68M
$86M
$145M
$124M
$126M
$76M
$58M
$51M
$45M
·
$60M
$55M
$42M
·
$35M
Other Current Assets
$3M
$3M
$4M
$50M
$3M
$3M
$3M
$2M
$3M
$4M
·
$6M
$7M
$6M
·
$8M
Current Assets
$492M
$469M
$419M
$603M
$624M
$658M
$594M
$639M
$644M
$687M
·
$721M
$728M
$683M
·
$675M
Goodwill
$213M
$213M
$191M
$197M
$197M
$197M
$188M
$188M
$188M
$188M
$188M
$188M
$188M
$188M
$188M
$188M
Intangibles
$58M
$61M
$64M
$66M
$69M
$72M
$74M
$77M
$80M
$83M
·
$90M
$93M
$96M
·
$102M
Other Non-current Assets
$144M
$155M
$181M
$150M
$143M
$138M
$113M
$109M
$95M
$84M
·
$71M
$61M
$53M
·
$52M
Total Assets
$1.24B
$1.23B
$1.17B
$1.35B
$1.38B
$1.42B
$1.41B
$1.46B
$1.34B
$1.38B
·
$1.39B
$1.39B
$1.31B
·
$1.27B
Accounts Payable
$244M
$213M
$146M
$183M
$178M
$211M
$147M
$188M
$175M
$212M
·
$205M
$231M
$251M
·
$239M
Accrued Liabilities
$130M
$140M
$157M
$264M
$194M
$204M
$162M
$152M
$148M
$157M
·
$188M
$202M
$174M
·
$158M
Current Liabilities
$374M
$353M
$302M
$447M
$372M
$415M
$308M
$339M
$323M
$369M
·
$393M
$433M
$424M
·
$397M
Capital Leases
$22M
$23M
$23M
$23M
$21M
$24M
$25M
$23M
$24M
$23M
·
$22M
$19M
$16M
·
$18M
Deferred Tax
·
$12.0K
·
·
·
·
·
$0
$13M
$14M
·
$37M
$33M
$28M
·
$33M
Other Non-current Liabilities
$58M
$57M
$57M
$60M
$180M
$177M
$516M
$518M
$55M
$54M
·
$44M
$41M
$36M
·
$35M
Total Liabilities
$945M
$907M
$803M
$930M
$990M
$1.01B
$1.22B
$1.25B
$789M
$832M
·
$870M
$904M
$884M
·
$909M
Long-term Debt
$515M
$500M
$443M
$425M
$440M
$420M
$397M
$400M
$400M
$400M
·
$400M
$400M
$400M
·
$448M
Total Debt
$513M
$498M
·
$423M
$437M
$417M
·
$397M
$397M
$397M
·
$396M
$396M
$396M
·
$444M
Common Stock
·
·
·
·
·
·
·
·
·
·
·
·
$774.0K
$774.0K
·
$765.0K
Paid-in Capital
$704M
$702M
$701M
$698M
$695M
$692M
$689M
$688M
$685M
$681M
·
$675M
$672M
$669M
·
$663M
Retained Earnings
$229M
$255M
$304M
$357M
$320M
$333M
$106M
$110M
$444M
$419M
·
$357M
$306M
$235M
·
$151M
Treasury Stock
$637M
$637M
$637M
$637M
$630M
$620M
$604M
$595M
$576M
$555M
·
$512M
$494M
$480M
·
$447M
AOCI
$-4M
$255.0K
$-398.0K
$-465.0K
$-202.0K
$-2M
$-3M
$-3M
$-2M
$32.0K
·
$-2M
$-3M
$-554.0K
·
$-7M
Stockholders' Equity
$292M
$321M
$367M
$419M
$385M
$404M
$189M
$201M
$550M
$546M
$549M
$519M
$481M
$424M
$398M
$360M
Liabilities + Equity
$1.24B
$1.23B
$1.17B
$1.35B
$1.38B
$1.42B
$1.41B
$1.46B
$1.34B
$1.38B
·
$1.39B
$1.39B
$1.31B
·
$1.27B
Shares Outstanding
40,737,173
40,673,967
40,436,437
40,516,637
41,089,374
42,147,995
42,882,308
43,336,755
44,225,215
45,139,571
45,393,260
46,297,254
47,065,370
47,626,067
47,675,796
48,065,277
Cash Flow13
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
D&A
$14M
$15M
$15M
$15M
$14M
$15M
$17M
$14M
$14M
$13M
·
·
·
·
·
·
Stock-based Comp
$2M
$3M
$3M
$3M
$2M
$3M
$1M
$3M
$3M
$3M
$3M
$3M
$3M
$3M
$2M
$3M
Deferred Tax
$-10M
$-13M
$-4M
$3M
$288.0K
$86M
$3M
$-111M
$-189.0K
$-4M
$-23M
$3M
$7M
$39.0K
$-7M
$-39.0K
Amort. of Intangibles
$3M
$3M
$3M
$3M
$3M
$3M
$3M
$3M
$3M
$3M
$3M
$3M
$3M
$3M
$3M
$3M
Operating Cash Flow
$5M
$-34M
$-57M
$85M
$-16M
$-272.0K
$81M
$43M
$11M
$-17M
$115M
$58M
$77M
$69M
$52M
$-11M
CapEx
$2M
$3M
$5M
$5M
$6M
$9M
$21M
$15M
$17M
$19M
$13M
$29M
$24M
$31M
$15M
$20M
Investing Cash Flow
$11M
$-4M
$-18M
$-26M
$-14M
$-34M
$-35M
$-16M
$-24M
$-19M
$-17M
$-30M
$-28M
$-31M
$-14M
$-20M
Dividends Paid
$3M
$3M
$3M
$3M
$3M
$4M
$3M
$4M
$4M
$4M
$4M
$4M
$4M
$5M
$4M
$4M
Financing Cash Flow
$12M
$49M
$16M
$-24M
$6M
$-358.0K
$-12M
$-22M
$-25M
$-27M
$-24M
$-22M
$-19M
$-28M
$-61M
$-27M
Net Change in Cash
$28M
$12M
$-60M
$34M
$-24M
$-34M
$34M
$5M
$-39M
$-63M
$74M
$6M
$31M
$10M
$-23M
$-57M
Taxes Paid
$294.0K
$-10M
$-1M
$-481.0K
$367.0K
$-193.0K
$-6M
$12M
$24M
$-40.0K
$13M
$29M
$41M
$-19.0K
$16M
$5M
Free Cash Flow
·
$-37M
·
·
·
$-9M
·
·
·
$-37M
·
·
·
$38M
·
·
Levered FCF
·
·
·
·
·
·
·
·
·
$-40M
·
·
·
$34M
·
·
Profitability8
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Gross Margin
3.7%
-3.5%
·
4.1%
9.0%
5.0%
·
12.1%
16.3%
14.8%
·
19.4%
22.0%
18.7%
·
14.0%
Operating Margin
-6.1%
-17.3%
·
15.1%
-1.0%
82.6%
·
-93.3%
8.0%
5.7%
·
12.3%
15.0%
11.3%
·
8.1%
Net Margin
-5.5%
-14.9%
·
10.5%
-2.1%
60.6%
·
-71.2%
5.3%
3.5%
·
8.7%
10.8%
8.2%
·
5.5%
Pretax Margin
-7.5%
-19.2%
·
13.5%
-2.7%
81.2%
·
-94.5%
7.1%
4.8%
·
11.6%
14.4%
10.5%
·
7.2%
EBITDA Margin
-6.1%
-17.3%
·
15.1%
-1.0%
82.6%
·
-93.3%
8.0%
5.7%
·
12.3%
15.0%
11.3%
·
8.1%
ROA
-1.8%
-3.4%
·
2.9%
-0.71%
16.5%
·
-23.2%
2.1%
1.4%
·
4.2%
5.6%
4.0%
·
3.0%
ROE
-6.8%
-12.5%
·
12.9%
-2.1%
48.6%
·
-91.8%
5.6%
3.7%
·
12.6%
18.1%
13.4%
·
9.7%
ROIC
-2.3%
-5.0%
·
5.3%
-0.45%
28.6%
·
-54.5%
3.5%
2.3%
·
6.4%
8.9%
6.7%
·
5.0%
Liquidity & Solvency5
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Current Ratio
1.3
1.3
·
1.3
1.7
1.6
·
1.9
2.0
1.9
·
1.8
1.7
1.6
·
1.7
Quick Ratio
0.7
0.6
·
0.5
0.7
0.6
·
0.9
1.0
1.0
·
0.8
0.8
0.8
·
0.8
Debt / Equity
1.8
1.6
·
1.0
1.1
1.0
·
2.0
0.7
0.7
·
0.8
0.8
0.9
·
1.2
LT Debt / Equity
1.8
1.6
·
1.0
1.1
1.0
·
2.0
0.7
0.7
·
0.8
0.8
0.9
·
1.2
Interest Coverage
·
·
·
·
·
·
·
·
8.8
5.9
·
15.7
20.7
14.0
·
10.1
Efficiency3
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Asset Turnover
0.3
0.2
·
0.3
0.3
0.3
·
0.3
0.4
0.4
·
0.5
0.5
0.5
·
0.5
Inventory Turnover
1.8
1.3
·
1.5
1.6
1.3
·
1.3
1.5
1.5
·
1.6
1.7
1.7
·
2.0
Receivables Turnover
2.3
1.8
·
2.0
2.1
1.8
·
2.1
2.3
2.0
·
2.8
3.0
2.3
·
2.8
Per Share6
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Book Value / Share
$7.18
$7.88
·
$10.33
$9.38
$9.58
·
$4.63
$12.45
$12.10
·
$11.20
$10.22
$8.91
·
$7.49
Revenue / Share
$10.20
$7.44
·
$9.27
$10.99
$8.84
·
$10.59
$12.14
$11.14
·
$13.25
$14.19
$12.64
·
$13.26
Cash Flow / Share
·
$-0.83
·
·
·
$-0.01
·
·
·
$-0.38
·
·
·
$1.41
·
·
Cash / Share
$1.76
$1.07
·
$2.26
$1.40
$1.92
·
$1.89
$1.75
$2.57
·
$2.27
$2.10
$1.43
·
$1.70
Dividend / Share
$0.08
$0.08
$0.08
$0.08
$0.08
$0.08
$0.08
$0.08
$0.08
$0.08
$0.08
$0.08
$0.08
$0.08
$0.08
$0.08
EPS (TTM)
$-1.93
$-1.60
·
$6.08
$-2.42
$-1.55
·
$-5.43
$3.26
$4.16
·
$4.58
$4.15
$3.07
·
$0.92
Valuation (TTM)14
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Revenue TTM
$1.42B
$1.47B
·
$1.64B
$1.72B
$1.81B
·
$2.13B
$2.29B
$2.43B
·
$2.60B
$2.62B
$2.58B
·
$2.32B
Net Income TTM
$-78M
$-65M
·
$260M
$-110M
$-71M
·
$-233M
$153M
$198M
·
$222M
$203M
$151M
·
$45M
Market Cap
$550M
$351M
·
$400M
$437M
$466M
·
$832M
$966M
$1.35B
·
$978M
$1.21B
$1.17B
·
$748M
Enterprise Value
$992M
$805M
·
$731M
$817M
$802M
·
$1.15B
$1.29B
$1.63B
·
$1.27B
$1.50B
$1.50B
·
$1.11B
P/E
-7.0
-5.4
·
1.6
-4.4
-7.1
·
-3.5
6.7
7.2
·
4.6
6.2
8.0
·
16.9
P/S
0.4
0.2
·
0.2
0.3
0.3
·
0.4
0.4
0.6
·
0.4
0.5
0.5
·
0.3
P/B
1.9
1.1
·
1.0
1.1
1.2
·
4.1
1.8
2.5
·
1.9
2.5
2.8
·
2.1
P / Tangible Book
26.3
7.6
·
2.6
3.6
3.4
·
·
3.4
4.9
·
4.1
6.0
8.4
·
10.8
P / Cash Flow
·
-10.4
·
·
·
-1712.3
·
·
·
-77.6
·
·
·
16.9
·
·
EV / Revenue
0.7
0.5
·
0.4
0.5
0.4
·
0.5
0.6
0.7
·
0.5
0.6
0.6
·
0.5
Dividend Yield
2.4%
3.8%
·
3.5%
3.3%
3.1%
·
1.8%
1.6%
1.1%
·
1.6%
1.3%
1.4%
·
2.2%
Earnings Yield
-14.3%
-18.6%
·
61.6%
-22.8%
-14.0%
·
-28.3%
14.9%
13.9%
·
21.7%
16.2%
12.5%
·
5.9%
Payout Ratio
·
-7.7%
·
·
·
1.7%
·
·
·
22.9%
·
·
·
8.9%
·
·
Annual Payout
$13M
$13M
·
$14M
$14M
$14M
·
$15M
$15M
$15M
·
$16M
$16M
$16M
·
$16M
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Revenue
$1.54B
$1.95B
$2.54B
$2.50B
$1.80B
Gross Margin %
4.5%
13.6%
19.6%
12.9%
10.9%
Operating Margin %
19.9%
-18.3%
12.3%
6.7%
1.9%
Net Income
$211M
$-284M
$231M
$112M
$1M
Diluted EPS
$5.07
$-6.40
$4.81
$2.25
$0.02
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Debt / Equity
1.2
2.1
0.7
1.0
1.3
Current Ratio
1.4
1.9
1.9
1.7
1.8
Quick Ratio
0.5
0.8
1.0
0.9
0.9
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$-13M
$45M
$222M
$67M
$-57M
Institutional owners (13F)
182 filers
· $527.2M total
· As of Sept. 30, 2026
17
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders182
Value held$527.2M
New positions35
Exited positions34
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
35 (+7 vs prior Q)
34 (+4 vs prior Q)
55 (-4 vs prior Q)
58 (+1 vs prior Q)
+99K
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
Filer
Filed
Stake
Status
Purpose
Filing
Wabash National Corporation, Redhawk Acquisition Corporation
Trailer Investments, LLC, Lincolnshire Equity Fund III, L.P., Lincolnshire Equity Partners III, L.P., Lincolnshire Equity III, LLC, Thomas J. Maloney
×3 filings
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders
48 insiders
· 27 officers · 20 directors