PI vs. WNC

Last updated Apr 1, 2026

Compare and contrast key facts about Impinj, Inc. (PI) and Wabash National Corporation (WNC).

Performance

PI vs. WNC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Impinj, Inc. (PI) and Wabash National Corporation (WNC). The values are adjusted to include any dividend payments, if applicable.

PI vs. WNC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PI Impinj, Inc.	-40.98%	19.79%	61.35%	-17.54%	23.09%	111.85%	61.91%	77.73%	-35.42%	-36.25%
WNC Wabash National Corporation	0.51%	-48.12%	-32.19%	14.94%	18.17%	15.53%	20.30%	15.52%	-38.80%	39.25%

Fundamentals

Market Cap PI : $3.10B WNC : $350.54M
EPS PI : -$0.37 WNC : $5.07
PS Ratio PI : 8.45 WNC : 0.23
PB Ratio PI : 14.80 WNC : 0.95
Total Revenue (TTM) PI : $361.08M WNC : $1.54B
Gross Profit (TTM) PI : $189.68M WNC : $69.91M
EBITDA (TTM) PI : -$2.09M WNC : $333.34M

Returns By Period

In the year-to-date period, PI achieves a -40.98% return, which is significantly lower than WNC's 0.51% return.

PI

• 1D: 6.90%
• 1M: -16.27%
• YTD: -40.98%
• 6M: -43.18%
• 1Y: 13.23%
• 3Y*: -8.83%
• 5Y*: 11.74%
• 10Y*: —

WNC

• 1D: 2.01%
• 1M: -15.07%
• YTD: 0.51%
• 6M: -11.19%
• 1Y: -19.54%
• 3Y*: -28.06%
• 5Y*: -12.39%
• 10Y*: -2.34%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PI vs. WNC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PI

PI Risk / Return Rank: 49
PI Sharpe Ratio Rank: 48
PI Sortino Ratio Rank: 52
PI Omega Ratio Rank: 52
PI Calmar Ratio Rank: 47
PI Martin Ratio Rank: 47

WNC

WNC Risk / Return Rank: 26
WNC Sharpe Ratio Rank: 27
WNC Sortino Ratio Rank: 29
WNC Omega Ratio Rank: 29
WNC Calmar Ratio Rank: 25
WNC Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PI vs. WNC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Impinj, Inc. (PI) and Wabash National Corporation (WNC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PI	WNC	Difference
Sharpe ratio Return per unit of total volatility	0.16	-0.32	+0.48
Sortino ratio Return per unit of downside risk	0.84	-0.04	+0.88
Omega ratio Gain probability vs. loss probability	1.11	0.99	+0.12
Calmar ratio Return relative to maximum drawdown	0.19	-0.51	+0.70
Martin ratio Return relative to average drawdown	0.43	-1.06	+1.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PI vs. WNC - Sharpe Ratio Comparison

The current PI Sharpe Ratio is 0.16, which is higher than the WNC Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of PI and WNC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PI	WNC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	-0.32	+0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	-0.27	+0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	-0.00	+0.27

Correlation

The correlation between PI and WNC is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PI vs. WNC - Dividend Comparison

PI has not paid dividends to shareholders, while WNC's dividend yield for the trailing twelve months is around 3.71%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PI Impinj, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WNC Wabash National Corporation	3.71%	3.70%	1.87%	1.25%	1.42%	1.64%	1.39%	2.72%	2.29%	1.38%

Drawdowns

PI vs. WNC - Drawdown Comparison

The maximum PI drawdown since its inception was -81.35%, smaller than the maximum WNC drawdown of -98.61%. Use the drawdown chart below to compare losses from any high point for PI and WNC.

Drawdown Indicators

	PI	WNC	Difference
Max Drawdown Largest peak-to-trough decline	-81.35%	-98.61%	+17.26%
Max Drawdown (1Y) Largest decline over 1 year	-62.24%	-37.86%	-24.38%
Max Drawdown (5Y) Largest decline over 5 years	-73.79%	-76.39%	+2.60%
Max Drawdown (10Y) Largest decline over 10 years	—	-76.39%	—
Current Drawdown Current decline from peak	-57.55%	-72.71%	+15.16%
Average Drawdown Average peak-to-trough decline	-36.51%	-55.45%	+18.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.87%	18.33%	+9.54%

Volatility

PI vs. WNC - Volatility Comparison

Impinj, Inc. (PI) has a higher volatility of 23.02% compared to Wabash National Corporation (WNC) at 18.17%. This indicates that PI's price experiences larger fluctuations and is considered to be riskier than WNC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PI	WNC	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.02%	18.17%	+4.85%
Volatility (6M) Calculated over the trailing 6-month period	59.56%	34.45%	+25.11%
Volatility (1Y) Calculated over the trailing 1-year period	81.67%	61.75%	+19.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.48%	45.59%	+23.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.95%	44.64%	+28.31%

Financials

PI vs. WNC - Profitability Comparison

The chart below illustrates the profitability comparison between Impinj, Inc. and Wabash National Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Impinj, Inc. reported a gross profit of 48.06M and revenue of 92.85M. Therefore, the gross margin over that period was 51.8%.

WNC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Wabash National Corporation reported a gross profit of -6.20M and revenue of 321.45M. Therefore, the gross margin over that period was -1.9%.

PI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Impinj, Inc. reported an operating income of -2.70M and revenue of 92.85M, resulting in an operating margin of -2.9%.

WNC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Wabash National Corporation reported an operating income of -59.94M and revenue of 321.45M, resulting in an operating margin of -18.7%.

PI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Impinj, Inc. reported a net income of -1.14M and revenue of 92.85M, resulting in a net margin of -1.2%.

WNC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Wabash National Corporation reported a net income of -49.88M and revenue of 321.45M, resulting in a net margin of -15.5%.