greeksoup/ stock research
Stock research / United States / WAB · Railroad Equipment · NYSE

Westinghouse Air Brake Technologies Corp. (WAB)

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec, is a Delaware corporation headquartered in Pittsburgh, Pennsylvania, with approximately 31,000 employees excluding contingent workers and operations in over 50 countries. George Westinghouse founded the original Westinghouse Air Brake Co. in 1869 when he invented the air brake, and the present company dates from 1990, when Westinghouse Air Brake Company acquired certain assets and operations from American Standard, Inc., now known as Trane; it went public on the New York Stock Exchange in 1995. Three deals shaped what it is now: the 1999 merger with MotivePower Industries, which brought the current name; the 2017 acquisition of Faiveley Transport, a French business with roots to 1919 that added pantographs, automatic door mechanisms, air conditioning systems and couplers; and the 2019 acquisition of GE Transportation, which brought locomotives, equipment, services and digital solutions for rail, mining, marine, stationary power and drilling. Two more were completed or announced in 2025, Evident's Inspection Technologies division and the Frauscher Sensor Technology Group. The business runs through two segments, Freight and Transit.

Westinghouse Air Brake Technologies Corp.

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec, is a Delaware corporation headquartered in Pittsburgh, Pennsylvania, with approximately 31,000 employees excluding contingent workers and operations in over 50 countries. George Westinghouse founded the original Westinghouse Air Brake Co. in 1869 when he invented the air brake, and the present company dates from 1990, when Westinghouse Air Brake Company acquired certain assets and operations from American Standard, Inc., now known as Trane; it went public on the New York Stock Exchange in 1995. Three deals shaped what it is now: the 1999 merger with MotivePower Industries, which brought the current name; the 2017 acquisition of Faiveley Transport, a French business with roots to 1919 that added pantographs, automatic door mechanisms, air conditioning systems and couplers; and the 2019 acquisition of GE Transportation, which brought locomotives, equipment, services and digital solutions for rail, mining, marine, stationary power and drilling. Two more were completed or announced in 2025, Evident's Inspection Technologies division and the Frauscher Sensor Technology Group. The business runs through two segments, Freight and Transit.

Freight

Freight was approximately 72% of total net sales in 2025, with approximately 60% of its own net sales in the U.S. and approximately 58% in the aftermarket. It manufactures new and modernized locomotives, supplies aftermarket parts and services for existing ones, provides components for new and existing freight cars, and sells rail control and infrastructure products including electronics, positive train control equipment and signalling design and engineering services. It also overhauls locomotives, makes heat exchangers and cooling systems for rail and other industrial markets, sells software-enabled solutions aimed at safety, efficiency and productivity in transportation and mining, and provides nondestructive testing, remote visual inspection and analytical instruments alongside train detection, wayside object control and axle counting systems. Customers include large publicly traded railroads, leasing companies, original equipment manufacturers of locomotives and freight cars, utilities and companies in the mining, marine and industrial markets. An installed base of nearly 24,600 locomotives underpins the services line of modernizing, rebuilding, overhauling, remanufacturing, maintaining and exchanging locomotives and components.

Transit

Transit was approximately 28% of total net sales in 2025, with approximately 17% of its own net sales in the U.S. and approximately 56% in the aftermarket. It manufactures and services components for new and existing passenger transit vehicles, typically regional trains, high speed trains, subway cars, light-rail vehicles and buses, and supplies rail control and infrastructure products including electronics and signalling design and engineering services. Customers are public transit authorities and municipalities, leasing companies, manufacturers of passenger transit vehicles and buses, and companies in the electrical generation, distribution and charging industries.

The product lines

Equipment covers diesel-electric and liquid natural gas powered locomotives for freight and transit, engines, electric motors and propulsion systems used in locomotives, mining, marine, stationary power and drilling, and marine and mining products. Digital Intelligence covers positive train control equipment and electronically controlled pneumatic braking, railway electronics such as event recorders and end of train devices, distributed locomotive power, train cruise control and remote control, industrial internet of things hardware and software, asset performance management, and rail network scheduling, dispatch and yard optimisation. Components run from freight car trucks and braking equipment to air compressors, dryers and HVAC systems, heat transfer components, custom engineered burners, railgear, signaling and switch products, turbochargers and maintenance of way equipment. On the transit side sit braking equipment, friction products such as brake shoes, discs and pads, access doors and platform screen doors, pantographs, auxiliary power converters and battery charging, passenger information systems, railway electric relays, and doors, window assemblies, accessibility lifts and ramps for buses.

Backlog and the industry

Backlog, which the company describes as the future sales it expects to recognise on firm orders received and which approximates its remaining performance obligations, was approximately $27.4 billion at 31 December 2025. Contracts carry standard industry cancellation provisions, including cancellation on short notice or on completion of designated stages, substantial scope-of-work adjustments are common, and the company states that reported backlog is not a guarantee of future sales. Results depend largely on the level of activity, financial condition and capital spending plans of freight railroads and passenger transit agencies around the world and of the equipment manufacturers serving them, which in turn move with general economic conditions, freight carloads and passenger ridership, government spending on public transportation and investment in new technologies. The railroad industry has historically been subject to fluctuations from overall economic conditions and the level of use of alternative modes of transportation.

From Wabtec's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in Westinghouse Air Brake Technologies became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 21 October 2026
Revenue
$3.1 billion
+8.1% on the year · -1.9% on the quarter
Q4 FY2024Q3 FY2026
Net income
$409 million
+31.9% on the year · +3.5% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$2.42
+33.7% on the year · +3.9% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 13 February 2026
Revenue
$11.2 billion
+7.5% on the year
FY2018FY2025
Net income
$1.2 billion
+10.8% on the year
FY2018FY2025
Diluted EPS
$6.83
+13.1% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsWestinghouse Air Brake Technologies (WAB) reported revenue of $11.2 billion for fiscal 2025, the year ended 31 December 2025, up 7.5% on the year before. Net income was $1.2 billion and diluted earnings per share $6.83. Revenue was $10.4 billion in fiscal 2024, $9.7 billion in fiscal 2023, $8.4 billion in fiscal 2022 and $7.8 billion in fiscal 2021. Net income in the same years was $1.1 billion, $815 million, $633 million and $558 million. Over the twelve months to 30 September 2026, Westinghouse Air Brake Technologies reported revenue of $12.2 billion and net income of $1.4 billion. Revenue grew 8.1% a year, compounded, over the five years to fiscal 2025. Westinghouse Air Brake Technologies declared $1.18 a share in dividends over the last four quarters and had 168 million shares outstanding at the latest filed count. At 30 September 2026 it carried $6.4 billion of debt and $489 million of cash. At the close of 6 November 2026 the market cap of Westinghouse Air Brake Technologies was $47.6 billion, 35.2 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE12.1%
ROCE11.8%
Operating margin17.2%
Net margin11.2%
FCF margin14.6%
Interest cover7.0x
Debt to equity0.56x
Cash conversion1.53x
Share count, last 12 months-1.7%
Sales CAGR, 3 years10.1%
Profit CAGR, 3 years22.7%
EPS, TTM$8.05

At the close of 6 November 2026

Price$283.59
Market cap$47.6 billion
Stock P/E35.2x
Price to book4.2x
EV / EBITDA20.1x
Dividend yield0.4%
Market cap / sales3.9x
52-week high$305.79
52-week low$196.14
Price, 1 year39.2%
Price CAGR, 3 years37.2%
Price CAGR, 5 years24.7%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Westinghouse Air Brake Technologies Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
WABgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 * †Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue2,0731,9272,0482,0812,3062,1942,4072,5502,5262,4972,6442,6632,5832,6102,7062,8862,9652,9503,1793,120
Cost of revenue1,4201,3321,4031,4331,6541,5291,6841,7581,7621,6821,7701,7831,7861,7101,7681,8841,9991,8892,0181,956
Gross profit6525956456486526657237927648158748807979009381,0029661,0611,1611,164
Gross margin31%31%31%31%28%30%30%31%30%33%33%33%31%34%35%35%33%36%37%37%
R&D52.045.050.054.060.051.053.053.061.048.057.050.051.046.050.059.068.056.070.067.0
SG&A264238259260272263285295296281316318333307347375461401400383
Operating income264239264261247276312370308412430433334474472491356517600625
Operating margin13%12%13%13%11%13%13%15%12%16%16%16%13%18%17%17%12%18%19%20%
Interest expensen/an/an/an/an/an/an/an/an/a47.049.052.053.046.046.065.068.071.080.080.0
Pre-tax income235200227217210233259320280363385378284426450425291469518557
Tax rate18%25%26%25%24%26%25%24%22%24%24%24%25%23%25%26%30%23%24%26%
Net income190149166160158169191240215272289283212322336310202362395409
Net margin9%8%8%8%7%8%8%9%9%11%11%11%8%12%12%11%7%12%12%13%
Diluted EPS$1.02$0.80$0.91$0.88$0.87$0.93$1.06$1.33$1.21$1.53$1.64$1.63$1.24$1.88$1.96$1.81$1.18$2.12$2.33$2.42
Operating cash flow314161263204410-25.0115425686334235542723191209367992199441455
Capital expenditure51.520.030.032.067.032.038.039.077.031.046.046.084.044.039.055.012246.062.074.0
Free cash flow262141233172343-57.077.0386609303189496639147170312870153379381
Buybacks99.72961031.073.017874.00.015717520059912398.050.00.075.0242215305
Dividends paid23.128.027.028.028.031.031.030.031.036.035.035.034.043.044.043.043.053.053.052.0
Shares outstanding186m183m182m182m181m180m179m179m178m177m176m172m171m171m171m171m171m170m169m168m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2008FY2009FY2010 †FY2011 †FY2012 †FY2013FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Revenue1,5751,4021,5071,9682,3912,5663,0443,3082,9313,8824,3648,2007,5567,8228,3629,67710,38711,16712,214
Cost of revenue1,1481,0081,0581,3971,6971,8022,1082,2602,0072,8163,1305,9225,4195,4535,8226,7337,0217,3617,862
Gross profit4273934495706957649361,0489241,0651,2342,2782,1372,3692,5402,9443,3663,8064,352
Gross margin27.1%28.1%29.8%29.0%29.0%29.8%30.7%31.7%31.5%27.4%28.3%27.8%28.3%30.3%30.4%30.4%32.4%34.1%35.6%
Research and development39.042.440.237.241.346.361.971.271.495.287.5210162176209218206223261
Selling, general and administrative1711611962482462633253473745126331,1679481,0301,0291,1391,2481,4901,645
Operating income2131802032713924375276084574224736637448761,0111,2661,6091,7932,098
Operating margin13.5%12.8%13.5%13.8%16.4%17.0%17.3%18.4%15.6%10.9%10.8%8.1%9.9%11.2%12.1%13.1%15.5%16.1%17.2%
Interest expensen/a-16.716.015.414.9n/an/an/an/an/an/an/an/an/a186218201225299
Pre-tax income2041631872553774215085854133523684475577378541,0921,4101,5921,835
Income tax73.748.363.785.212612915618799.489.875.9120145172213267343409461
Effective tax rate36.1%29.6%34.1%33.4%33.3%30.6%30.8%31.9%24.1%25.5%20.6%26.9%26.0%23.3%24.9%24.5%24.3%25.7%25.1%
Net income1311151231702522923523993052622953274145586338151,0561,1701,368
Net margin8.3%8.2%8.2%8.6%10.5%11.4%11.6%12.1%10.4%6.8%6.8%4.0%5.5%7.1%7.6%8.4%10.2%10.5%11.2%
Diluted EPS$1.33$1.20$1.28$1.75$2.60$3.01$3.62$4.10$3.34$2.72$3.05$1.84$2.17$2.96$3.46$4.53$6.04$6.83$8.05
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2009 to FY2025

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Freight Segmentn/a7851,2271,5251,4241,7682,0551,5431,5781,8195,5015,1315,2875,9796,9237,4688,03672.0%
Transit Segmentn/a7237648971,1751,3201,2351,3882,3492,6082,7822,5112,6162,3832,7542,9193,13128.0%
Freight Group588n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Transit Group813n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Freight Segment FY2010 to FY2025Transit Segment FY2010 to FY2025Transit Group FY2009Freight Group FY2009
1.5FY20102.6FY20132.9FY20168.3FY20198.4FY202211.2FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2009 to FY2025

The operating profit each segment reports. Costs Westinghouse Air Brake Technologies does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Margin
FY2025
Freight Segmentn/a1222253153094024833442723346435847178601,0651,4221,56719.5%
Transit Segmentn/a95.683.894.914414815117117719221423023823529533842213.5%
Freight Group74.1n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Transit Group129n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Freight Segment FY2010 to FY2025Transit Group FY2009Transit Segment FY2010 to FY2025Freight Group FY2009
218FY2010453FY2013514FY2016857FY20191,095FY20221,989FY2025

$ million; the figure over a bar is all the segments together. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Freight Segment72%79%
Transit Segment28%21%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by product or service FY2009 to FY2025

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Productn/an/an/an/an/an/an/an/a3,6864,1786,9086,2336,2056,4597,6478,4349,26182.9%
Servicesn/an/an/an/an/an/an/an/a1961861,2921,3231,6171,9032,0301,9531,90617.1%
Brake Products466444498527568662628588n/an/an/an/an/an/an/an/an/an/a
Other42.353.362.675.197.4167150133n/an/an/an/an/an/an/an/an/an/a
Remanufacturing, Overhaul & Build285273332497655619607559n/an/an/an/an/an/an/an/an/an/a
Specialty Products & Electronics3605178801,0941,0421,3941,7341,375n/an/an/an/an/an/an/an/an/an/a
Transit Products247220195198204202190276n/an/an/an/an/an/an/an/an/an/a
Product FY2017 to FY2025Services FY2017 to FY2025Specialty Products & Electronics FY2009 to FY2016Brake Products FY2009 to FY2016Remanufacturing, Overhaul & Build FY2009 to FY2016Transit Products FY2009 to FY2016Other FY2009 to FY2016
1.5FY20102.6FY20132.9FY20168.2FY20198.4FY202211.2FY2025

$ billion; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

First forecast against the result

Westinghouse Air Brake Technologies's adjusted EPS landed at or above the top of the range in 2 and inside it in 2 of the 4 years shown (FY2019 to FY2025).

−0.7%FY2019−0.9%FY2021+9.6%FY2024+2.5%FY2025
  • At or above the top of the range
  • Inside the range
  • Under the range

Each bar is the year's result against the top of its first forecast range, in per cent of the top. Hover a bar for the figures.

Fiscal yearFirst forecast
adjusted EPS		Result
FY2019$4.00 to $4.20$4.17
FY2021$3.90 to $4.30$4.26
FY2024$6.50 to $6.90$7.56
FY2025$8.35 to $8.75$8.97
FY2026 forecast
Adjusted EPS $10.05 to $10.45, given 11 February 2026. Its result comes with the fourth-quarter results for FY2026.
First forecast
The full-year range the company gave with its fourth-quarter results for the year before, before any later change to it.
Result
The figure the company reported for that year with its next fourth-quarter results.
Adjusted EPS
The company's own measure, which leaves out items it names, so it differs from the EPS in the tables above.
Years left out
Where the forecast or the result could not be read with confidence. Each figure in the table links to the results release it comes from.

Cash flow

FY2008FY2009FY2010 †FY2011 †FY2012 †FY2013FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow1561621762492372364724514511893151,0167841,0731,0381,2011,8341,7592,087
Capital expenditure19.718.320.838.036.041.247.749.450.289.593.3186136130149186207260304
Free cash flow13614415521120119442540140099.32218306489438891,0151,6271,4991,783
Free cash flow margin8.6%10.3%10.3%10.7%8.4%7.6%14.0%12.1%13.7%2.6%5.1%10.1%8.6%12.1%10.6%10.5%15.7%13.4%14.6%
Cash from investing-417-115-156-146-185-259-348-380-233-1,034-147-3,178-155-540-235-492-343-2,747-2,103
Cash from financing190-13.025.8-46.8-12593.025.5-251523-97.41,978462-619-653-708-633-1,3711,031-23.0
Depreciation and amortisation29.835.538.644.844.151.261.364.769.8103109401473491479531503501560
Share-based compensation10.53.611.818.619.824.126.126.020.821.325.350.020.046.041.047.066.080.0106
Buybacksn/an/an/an/a46.633.026.83882120.00.00.02073004734091,097223837
Dividends paid1.91.91.93.87.712.619.227.032.442.246.382.093.092.0111123140173201
Dividend per share$0.02$0.02$0.02$0.04$0.08$0.13$0.20$0.28$0.36$0.44$0.48$0.48$0.48$0.48$0.60$0.68$0.80$1.00n/a
Diluted shares, weighted98m96m96m97m97m97m97m97m91m96m96m177m190m188m183m180m175m171m169m
Shares outstanding at period endn/a95m96m96m95m96m96m92m95m96m97m192m189m186m181m178m171m171m168m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2008FY2009FY2010 †FY2011 †FY2012 †FY2013FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity6457779001,0451,2771,5851,8071,7002,2062,8092,8659,95610,12210,20110,10210,48710,09111,14211,333
Non-controlling interestn/a2.03.62.55.21.91.11.777119.73.937.130.038.045.037.042.048.031.0
Debtn/a3924223963184505206921,8931,8713,8574,4294,2394,0584,0024,0693,9805,5416,379
Other liabilitiesn/a4154787157527859758361,7111,8811,9234,5214,0634,1574,3674,3954,5895,3385,398
Total liabilities and equityn/a1,5861,8032,1592,3522,8223,3043,2306,5816,5808,64918,94418,45418,45418,51618,98818,70222,06923,141
Owned
Fixed assetsn/a2022062222442763393535185745641,6561,6021,4971,4291,4851,4471,6161,672
Goodwilln/a4835465886667868628592,0792,4602,3978,3618,4858,5878,5088,7808,71010,21610,621
Intangible assetsn/a1882172573083864234411,0541,2041,1304,1043,8693,7053,4023,2052,9343,8384,032
Cash and equivalents142189237286216286426226398233581604599473541620715789489
Receivablesn/a2082583462933494434956688018011,1509691,0859751,1601,1521,4101,806
Inventoryn/a2392533484074035114796597438451,7731,6421,6892,0342,2842,3142,7452,946
Other assetsn/a77.385.51122183352993781,2055652,3321,2971,2881,4181,6271,4541,4301,4551,575
Total assetsn/a1,5861,8032,1592,3522,8223,3043,2306,5816,5808,64918,94418,45418,45418,51618,98818,70222,06923,141
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded12.9%8.1%10.1%13.2%
Profit growth, compounded11.4%23.1%22.7%15.9%
Return on equity, average8.1%8.1%9.6%10.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Westinghouse Air Brake Technologies' revenue in fiscal 2025?

Westinghouse Air Brake Technologies (WAB) reported revenue of $11.2 billion for fiscal 2025, the year ended 31 December 2025, up 7.5% on the year before.

How much did Westinghouse Air Brake Technologies earn in fiscal 2025?

Net income was $1.2 billion for fiscal 2025, and diluted earnings per share $6.83.

What is Westinghouse Air Brake Technologies' P/E ratio?

At the close of 6 November 2026, Westinghouse Air Brake Technologies traded at 35.2 times its earnings over the twelve months to 30 September 2026.

What is Westinghouse Air Brake Technologies' market cap?

The market cap of Westinghouse Air Brake Technologies was $47.6 billion at the close of 6 November 2026.

Does Westinghouse Air Brake Technologies pay a dividend?

Yes. Westinghouse Air Brake Technologies declared $1.18 a share in dividends over the four quarters to 30 September 2026.

Peers: Shipbuilding, Railroad Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
General Dynamics Corp. GD$95.7 billion20.8317.1%10.4%9.7%0.261.8%
Westinghouse Air Brake Technologies Corp. WAB$47.6 billion35.2312.1%17.2%13.2%0.560.4%
Huntington Ingalls Industries, Inc. HII$11.4 billion15.5313.3%5.8%12.6%0.491.9%
Trinity Industries Inc. TRN$2.3 billion7.3629.0%34.5%-2.4%4.724.2%
Greenbrier Companies Inc. GBX$1.3 billion16.775.0%5.8%-24.0%1.173.2%
MasterCraft Boat Holdings, Inc. MCFT$498 millionn/a-0.4%-0.3%22.8%0.00n/a
FreightCar America, Inc. RAIL$140 millionn/a-34.4%3.8%-0.5%2.78n/a
3 companies share its SEC industry code (Railroad Equipment); the rest are the names nearest in size in its wider industry, Shipbuilding, Railroad Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on WAB

Dividends$1.18 a share over the four quarters to 30 September 2026, a 0.42% yield
Filings19 in twelve months: 9 current reports (8-K), about 5 regulation FD disclosure; 4 results of operations; 2 new financial obligation; 1 material agreement; 1 other events
Planned insider sales26 Form 144 notices in twelve months, $43.1 million; latest 1 September 2026
Options tapeput/call 0.48 by open interest at the 6 November 2026 close; the straddle prices a 4.7% move to 20 November 2026
13F holders1,200 funds reported a position for the quarter to 30 June 2026; largest FMR LLC
Insider trading134 sales and 0 purchases on Form 4 in twelve months
Congress8 House trades disclosed in six months
Short interest3.8 million shares short, 4.37 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202621 October 2026EDGAR
10-Q30 June 202622 July 2026EDGAR
10-Q31 March 202622 April 2026EDGAR
10-K31 December 202513 February 2026EDGAR
10-Q30 September 202522 October 2025EDGAR
10-Q30 June 202524 July 2025EDGAR
10-Q31 March 202523 April 2025EDGAR
10-K31 December 202412 February 2025EDGAR
10-Q30 September 202423 October 2024EDGAR
10-Q30 June 202424 July 2024EDGAR

Reading about a stock somewhere else? Our free Chrome extension, GreekSoup Stock Ticker Lookup: Earnings, Insider Trades, 13F Holders, shows the latest quarter against a year ago, insider trades and 13F holders when you hover a $ticker such as $AAPL.