Company research / WAB

Westinghouse Air Brake Technologies Corp (WAB)

SEC name WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP · CIK 0000943452 · NYSE · Railroad Equipment

  • Sector Manufacturing
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Westinghouse Air Brake Technologies Corp reported revenue of $11.17B. Revenue grew 7.5% from the prior annual period. Over the twelve months to 2026-09-30, revenue was $12.21B.

Key ratios (year ended 2025-12-31)

34.1%
Gross margin
16.1%
Operating margin
10.5%
Net margin
10.5%
Return on year-end equity
7.5%
Revenue growth (YoY)

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Latest selected filing: Form 10-Q (quarterly report) · 2026-10-21

Headquarters locality: Wilmerding · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-09-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Stock splits: 2-for-1, first reflected in a filing dated 2013-07-26. Figures are as filed: per-share figures and share counts last reported before a split are on the old share basis, so changes and growth rates across a split are not shown. Splits are read from the filings' own restatements, so a share conversion in a merger or reorganization shows up the same way.

Period endedTTM to
2026-09-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$12.21B$11.17B$10.39B$9.68B$8.36B$7.82B$7.56B$8.20B$4.36B$3.88B$2.93B
Cost of Revenue$7.86B$7.36B$7.02B$6.73B$5.82B$5.45B$5.42B$5.92B$3.13B$2.82B$2.01B
Gross Profit$4.35B$3.81B$3.37B$2.94B$2.54B$2.37B$2.14B$2.28B$1.23B$1.07B$924.24M
R&D Expense$261.00M$223.00M$206.00M$218.00M$209.00M$176.00M$162.00M$210.00M$87.50M$95.20M$71.38M
Operating Income$2.10B$1.79B$1.61B$1.27B$1.01B$876.00M$745.00M$663.00M$473.40M$421.10M$456.61M
Depreciation & Amortization$560.00M$501.00M$503.00M$531.00M$479.00M$491.00M$473.00M$401.00M$109.30M$103.20M$69.80M
EBITDA$2.66B$2.29B$2.11B$1.80B$1.49B$1.37B$1.22B$1.06B$582.70M$524.30M$526.40M
Net Income$1.37B$1.17B$1.06B$815.00M$633.00M$558.00M$414.00M$327.00M$294.90M$262.30M$304.89M
EPS (Diluted)n/a$6.83$6.04$4.53$3.46$2.96$2.17$1.84$3.05$2.72$3.34
Total Assets$23.14B$22.07B$18.70B$18.99B$18.52B$18.45B$18.45B$18.94B$8.65B$6.58B$6.58B
Total Liabilities$11.78B$10.88B$8.57B$8.46B$8.37B$8.21B$8.30B$8.95B$5.78B$3.75B$3.60B
Long-Term Debt$6.38B$5.54B$3.98B$4.07B$4.00B$4.06B$4.24B$4.43B$3.86Bn/an/a
Shareholders' Equity$11.33B$11.14B$10.09B$10.49B$10.10B$10.20B$10.12B$9.96B$2.87B$2.81B$2.21B
Cash & Equivalentsn/an/an/an/an/a$473.00M$599.00M$604.20M$580.90M$233.40M$398.48M
Operating Cash Flow$2.09B$1.76B$1.83B$1.20B$1.04B$1.07B$784.00M$1.02B$314.70M$188.80M$450.53M
Capital Expenditures$304.00M$260.00M$207.00M$186.00M$149.00M$130.00M$136.00M$186.00M$93.30M$89.50M$50.22M
Free Cash Flow$1.78B$1.50B$1.63B$1.01B$889.00M$943.00M$648.00M$830.00M$221.40M$99.30M$400.31M
Share Repurchases$837.00M$223.00M$1.10B$409.00M$473.00M$300.00M$207.00M$0$0$0$212.18M
Dividends Paid$201.00M$173.00M$140.00M$123.00M$111.00M$92.00M$93.00M$82.00M$46.30M$42.20M$32.43M
Shares Outstanding168.00M170.60M171.30M177.80M181.20M185.80M188.90M191.70M96.61M96.03M95.43M
Dividends Per Sharen/a$1.00$0.80$0.68$0.60$0.48$0.48$0.48$0.48$0.44$0.36
Weighted Average Diluted Sharesn/a171.10M174.80M179.50M182.80M188.10M190.40M177.30M96.50M96.10M91.14M
EPS (Basic)n/a$6.84$6.05$4.54$3.46$2.96$2.18$1.91$3.06$2.74$3.37

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