Westinghouse Air Brake Technologies (WAB) FY2024 results: revenue $10.4 billion, up 7.3% on the year
Westinghouse Air Brake Technologies Corp. (WAB) reported revenue of $10.4 billion for fiscal 2024, the year ended 31 December 2024, up 7.3% on the year before. Net income was $1.1 billion, up 29.6%, and diluted earnings per share $6.04. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2025.
Revenue
$10.4 billion
+7.3% on the year
FY2017FY2024
Operating margin
15.5%
13.1% a year earlier
FY2017FY2024
Net income
$1.1 billion
+29.6% on the year
FY2017FY2024
Diluted EPS
$6.04
+33.3% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,834
1,201
1,038
+52.7%
Capital expenditure
207
186
149
+11.3%
Free cash flow
1,627
1,015
889
+60.3%
Free cash flow margin
15.7%
10.5%
10.6%
Cash from investing
-343
-492
-235
Cash from financing
-1,371
-633
-708
Depreciation and amortisation
503
531
479
-5.3%
Share-based compensation
66.0
47.0
41.0
+40.4%
Buybacks
1,097
409
473
+168.2%
Dividends paid
140
123
111
+13.8%
Dividend per share
$0.80
$0.68
$0.60
+17.6%
Diluted shares, weighted
175m
180m
183m
-2.6%
Shares outstanding at period end
171m
178m
181m
-3.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
10,091
10,487
10,102
-3.8%
Non-controlling interest
42.0
37.0
45.0
+13.5%
Debt
3,980
4,069
4,002
-2.2%
Other liabilities
4,589
4,395
4,367
+4.4%
Total liabilities and equity
18,702
18,988
18,516
-1.5%
Fixed assets
1,447
1,485
1,429
-2.6%
Goodwill
8,710
8,780
8,508
-0.8%
Intangible assets
2,934
3,205
3,402
-8.5%
Cash and equivalents
715
620
541
+15.3%
Receivables
1,152
1,160
975
-0.7%
Inventory
2,314
2,284
2,034
+1.3%
Other assets
1,430
1,454
1,627
-1.7%
Total assets
18,702
18,988
18,516
-1.5%
10-K for the year ended 31 December 2024, filed 12 February 2025: the filing.