WNC vs. CMCO

Last updated Jun 3, 2026

WNC (Wabash National Corporation) and CMCO (Columbus McKinnon Corporation) are both stocks. Both operate in the Farm & Heavy Construction Machinery industry within the Industrials sector. Over the past 10 years, WNC returned -3.83%/yr vs 1.03%/yr for CMCO. At a 0.38 correlation, their price movements are largely independent.

Performance

WNC vs. CMCO - Performance Comparison

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

Returns By Period

In the year-to-date period, WNC achieves a -8.31% return, which is significantly lower than CMCO's -7.51% return. Over the past 10 years, WNC has underperformed CMCO with an annualized return of -3.83%, while CMCO has yielded a comparatively higher 1.03% annualized return.

WNC

• 1D: 1.96%
• 1M: 1.43%
• YTD: -8.31%
• 6M: -9.56%
• 1Y: -5.82%
• 3Y*: -31.11%
• 5Y*: -12.01%
• 10Y*: -3.83%

CMCO

• 1D: 1.67%
• 1M: 2.93%
• YTD: -7.51%
• 6M: -2.60%
• 1Y: 16.71%
• 3Y*: -25.20%
• 5Y*: -20.00%
• 10Y*: 1.03%

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

WNC vs. CMCO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WNC Wabash National Corporation	-8.31%	-48.12%	-32.19%	14.94%	18.17%	15.53%	20.30%	15.52%	-38.80%	39.25%
CMCO Columbus McKinnon Corporation	-7.51%	-52.93%	-3.85%	21.12%	-29.26%	20.95%	-3.27%	33.65%	-24.23%	48.64%

Correlation

The correlation between WNC and CMCO is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Feb 29, 1996	0.38

Over the past year, WNC and CMCO have become more correlated (0.61) than their long-term average of 0.38, meaning their price movements have been converging.

Fundamentals

Market Cap WNC : $317.36M CMCO : $458.14M
EPS WNC : -$1.56 CMCO : $0.21
PS Ratio WNC : 0.22 CMCO : 0.45
PB Ratio WNC : 0.99 CMCO : 0.50
Total Revenue (TTM) WNC : $1.47B CMCO : $1.00B
Gross Profit (TTM) WNC : $29.15M CMCO : $336.35M
EBITDA (TTM) WNC : -$18.50M CMCO : $76.21M

Return for Risk

WNC vs. CMCO — Risk / Return Rank

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

WNC

WNC Risk / Return Rank: 34
WNC Sharpe Ratio Rank: 35
WNC Sortino Ratio Rank: 35
WNC Omega Ratio Rank: 33
WNC Calmar Ratio Rank: 35
WNC Martin Ratio Rank: 34

CMCO

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

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.

WNC vs. CMCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wabash National Corporation (WNC) and Columbus McKinnon Corporation (CMCO). 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.

	WNC	CMCO	Difference
Sharpe ratio Return per unit of total volatility	-0.11	0.32	-0.43
Sortino ratio Return per unit of downside risk	0.21	0.84	-0.62
Omega ratio Gain probability vs. loss probability	1.02	1.10	-0.07
Calmar ratio Return relative to maximum drawdown	-0.16	0.26	-0.43
Martin ratio Return relative to average drawdown	-0.33	0.56	-0.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WNC vs. CMCO - Sharpe Ratio Comparison

The current WNC Sharpe Ratio is -0.11, which is lower than the CMCO Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of WNC and CMCO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WNC	CMCO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.11	0.32	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.26	-0.45	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.09	0.02	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.02	-0.02

Drawdowns

WNC vs. CMCO - Drawdown Comparison

The maximum WNC drawdown since its inception was -98.61%, roughly equal to the maximum CMCO drawdown of -95.20%. Use the drawdown chart below to compare losses from any high point for WNC and CMCO.

Drawdown Indicators

	WNC	CMCO	Difference
Max Drawdown Largest peak-to-trough decline	-98.61%	-95.20%	-3.41%
Max Drawdown (1Y) Largest decline over 1 year	-43.80%	-40.14%	-3.66%
Max Drawdown (3Y) Largest decline over 3 years	-76.39%	-72.13%	-4.26%
Max Drawdown (5Y) Largest decline over 5 years	-76.39%	-75.58%	-0.81%
Max Drawdown (10Y) Largest decline over 10 years	-76.39%	-76.37%	-0.02%
Current Drawdown Current decline from peak	-75.10%	-69.85%	-5.25%
Average Drawdown Average peak-to-trough decline	-55.54%	-38.52%	-17.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.46%	19.06%	+2.40%

Volatility

WNC vs. CMCO - Volatility Comparison

Wabash National Corporation (WNC) and Columbus McKinnon Corporation (CMCO) have volatilities of 13.41% and 13.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WNC	CMCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.41%	13.97%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	38.35%	33.52%	+4.83%
Volatility (1Y) Calculated over the trailing 1-year period	51.75%	52.78%	-1.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.42%	44.66%	+1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.00%	43.86%	+1.14%

Dividends

WNC vs. CMCO - Dividend Comparison

WNC's dividend yield for the trailing twelve months is around 4.11%, more than CMCO's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMCO Columbus McKinnon Corporation	1.77%	1.62%	0.75%	0.72%	0.83%	0.52%	0.62%	0.57%	0.63%	0.40%	0.59%	0.85%
WNC Wabash National Corporation	4.11%	3.70%	1.87%	1.25%	1.42%	1.64%	1.39%	2.72%	2.29%	1.38%	0.00%	0.00%

Financials

WNC vs. CMCO - Profitability Comparison

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

WNC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wabash National Corporation reported a gross profit of -10.58M and revenue of 303.23M. Therefore, the gross margin over that period was -3.5%.

CMCO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Columbus McKinnon Corporation reported a gross profit of 89.16M and revenue of 258.66M. Therefore, the gross margin over that period was 34.5%.

WNC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wabash National Corporation reported an operating income of -52.36M and revenue of 303.23M, resulting in an operating margin of -17.3%.

CMCO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Columbus McKinnon Corporation reported an operating income of 16.17M and revenue of 258.66M, resulting in an operating margin of 6.3%.

WNC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wabash National Corporation reported a net income of -45.17M and revenue of 303.23M, resulting in a net margin of -14.9%.

CMCO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Columbus McKinnon Corporation reported a net income of 6.00M and revenue of 258.66M, resulting in a net margin of 2.3%.

Frequently Asked Questions

Can I hold both WNC and CMCO in my portfolio?

WNC and CMCO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WNC or CMCO?

CMCO has higher volatility (13.97%) compared to WNC (13.41%). In terms of maximum drawdown, WNC dropped -98.61% vs CMCO's -95.20%.

Which has better risk-adjusted returns?

CMCO currently has the higher Sharpe Ratio (0.32 vs -0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.