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WABWestinghouse Air Brake Technologies Corporation
$259.19$44.0B
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WAB logoWestinghouse Air Brake Technologies Corporation(WAB)Earnings, Financials & Key Ratios

WAB•NYSE
$259.19
37.9× P/E·Price updated Jul 7, 2026
SectorIndustrialsIndustryRailroadsSub-IndustryRail equipment and onboard technology
AboutWestinghouse Air Brake Technologies Corporation provides technology-based equipment, systems, and services for the freight rail and passenger transit industries worldwide. It operates through two segments, Freight and Transit. The Freight segment manufactures and services components for new and existing freight cars and locomotives; builds new commuter locomotives; rebuilds freight locomotives; supplies railway electronics, positive train control equipment, signal design, and engineering services; and provides related heat exchange and cooling systems. It serves publicly traded railroads; leasing companies; manufacturers of original equipment, including locomotives and freight cars; and utilities. The Transit segment manufactures and services components for new and existing passenger transit vehicles, such as regional trains, high speed trains, subway cars, light-rail vehicles, and buses; refurbishes subway cars; and provides heating, ventilation, and air conditioning equipment, as well as doors for buses and subways. This segment serves public transit authorities and municipalities, leasing companies, and manufacturers of subway cars and buses. It also provides electronically controlled pneumatic braking products; railway electronics; freight car trucks; draft gears, couplers, and slack adjusters; air compressors and dryers; heat exchangers and cooling products; and track and switch products. In addition, the company offers railway braking equipment and related components; friction products; new switcher locomotives; transit locomotive and car overhaul services; and freight locomotive overhaul, modernizations, and refurbishment services. Further, it provides platform screen doors; pantographs; window assemblies; couplers; accessibility lifts and ramps for buses and subway cars; and traction motors. The company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.Show more
  • Revenue$11.17B+7.5%
  • EBITDA$2.37B+14.6%
  • Net Income$1.17B+10.8%
  • EPS (Diluted)6.83+13.1%
  • Gross Margin31.48%-2.9%
  • EBITDA Margin21.22%+6.6%
  • Operating Margin16.74%+8.0%
  • Net Margin10.48%+3.1%
  • ROE10.97%+7.3%

WAB Price & Volume

Westinghouse Air Brake Technologies Corporation (WAB) stock price & volume — 10-year historical chart

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Revenue Growth Accelerates Amidst Rising Leverage Risks

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Accelerating
Profitability:Strong
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Working capital volatility

Key Thesis Takeaways

  • Westinghouse Air Brake Technologies Corporation is currently benefiting from robust demand for locomotive modernization, evidenced by a 13.0% year-over-year revenue growth in 2026Q1.
  • However, investors should monitor the company's aggressive capital allocation strategy, which has pushed total debt to $6.9 billion and increased goodwill to $10.6 billion.
  • While operating margins have expanded to 17.5%, the volatility in free cash flow and narrowing current ratio to 1.02 suggest that the company's aggressive growth path warrants a cautious approach regarding long-term solvency.

Verdict Logic

while the company demonstrates strong revenue growth of 13.0%, the high P/E ratio of 39.46 and rising debt-to-equity ratio of 0.62 suggest that current valuation levels may already price in significant future operational success.

WAB Growth Metrics

Westinghouse Air Brake Technologies Corporation (WAB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years12.94%
5 Years8.13%
3 Years10.12%
TTM9.59%

Profit CAGR

10 Years11.37%
5 Years23.09%
3 Years22.72%
TTM9.4%

EPS CAGR

10 Years5.24%
5 Years25.77%
3 Years25.44%
TTM10.81%

Return on Capital

10 Years8.19%
5 Years8.66%
3 Years10.32%
Last Year11.74%

WAB Recent Earnings

Westinghouse Air Brake Technologies Corporation (WAB) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 22, 2026
Metric
Actual
Est
EPS
$2.71+8.0%
$2.51
Rev
$3.0B-0.5%
$3.0B
Q1 2026
Feb 11, 2026
Metric
Actual
Est
EPS
$2.10+1.0%
$2.08
Rev
$3.0B+3.5%
$2.9B
Q4 2025
Oct 22, 2025
Metric
Actual
Est
EPS
$2.32+1.8%
$2.28
Rev
$2.9B+0.2%
$2.9B
Q3 2025
Jul 24, 2025
Metric
Actual
Est
EPS
$1.96-9.7%
$2.17
Rev
$2.7B-2.3%
$2.8B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 22, 2026
$2.71vs $2.51+8.0%
$3.0Bvs $3.0B-0.5%
Q1 2026Feb 11, 2026
$2.10vs $2.08+1.0%
$3.0Bvs $2.9B+3.5%
Q4 2025Oct 22, 2025
$2.32vs $2.28+1.8%
$2.9Bvs $2.9B+0.2%
Q3 2025Jul 24, 2025
$1.96vs $2.17-9.7%
$2.7Bvs $2.8B-2.3%
Based on last 12 quarters of dataView full earnings history →

Latest WAB News

Recent stock market news and headlines for Westinghouse Air Brake Technologies Corporation (WAB)

Business Wire·Jun 24, 2026
Wabtec Announces Second Quarter 2026 Earnings Release Date

PITTSBURGH--(BUSINESS WIRE)-- #WeAreWabtec--Wabtec Corporation (NYSE: WAB) announced it will report 2026 second quarter results before the U.S. financial markets open on July 22, 2026. The company will conduct a conference call to discuss those results with analysts and investors at 8:30 a.m. ET the same day. To listen to the call via webcast, visit Wabtec's website at www.WabtecCorp.com and click on “Events & Presentations” in the “Investor Relations” section. An audio replay of the call will be availabl.

Peers Comparison

Key metrics vs top competitors for Westinghouse Air Brake Technologies Corporation (WAB)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
WAB logoWABWestinghouse Air Brake Technologies CorporationCurrent
$259.19$43.98B37.957.51%10.48%10.97%0.39%
TT logoTTTrane Technologies plc
$475.74$105.3B36.657.48%13.42%34.69%—
ITT logoITTITT Inc.
$184.62$16.51B30.228.48%10.8%13.01%—
RXO logoRXORXO, Inc.
$26.87$4.43B-45.5426.2%-1.83%-6.75%—
GNSS logoGNSSGenasys Inc.
$1.67$76.06M-4.1869.76%-13.44%-314.53%—
ALSN logoALSNAllison Transmission Holdings, Inc.
$114.17$9.49B15.58-6.67%14.88%29.49%—

Compare WAB vs Peers

Westinghouse Air Brake Technologies Corporation (WAB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TT

Most directly comparable listed peer for WAB.

Scale Benchmark

vs CAT

Larger-name benchmark to compare WAB against a more recognizable public peer.

Peer Set

Compare Top 5

vs TT, ITT, RXO, GNSS

WAB SEC Filings & Documents

Westinghouse Air Brake Technologies Corporation (WAB) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 22, 2026·SEC

Material company update

Mar 3, 2026·SEC

Material company update

Feb 11, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 13, 2026·SEC

FY 2025

Feb 12, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

Apr 22, 2026·SEC

FY 2025

Oct 22, 2025·SEC

FY 2025

Jul 24, 2025·SEC

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WAB Frequently Asked Questions

Westinghouse Air Brake Technologies Corporation (WAB) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Westinghouse Air Brake Technologies Corporation's revenue?

Westinghouse Air Brake Technologies Corporation (WAB) reported $11.51B in revenue for fiscal year 2025. This represents a 2437% increase from $453.5M in 1996.

How fast is Westinghouse Air Brake Technologies Corporation growing?

Westinghouse Air Brake Technologies Corporation (WAB) grew revenue by 7.5% over the past year. This is steady growth.

Is WAB profitable?

Yes, Westinghouse Air Brake Technologies Corporation (WAB) is profitable, generating $1.21B in net income for fiscal year 2025 (10.5% net margin).

Dividend & Returns
Does WAB pay dividends?

Yes, Westinghouse Air Brake Technologies Corporation (WAB) pays a dividend with a yield of 0.39%. This makes it attractive for income-focused investors.

What is WAB's return on equity?

Westinghouse Air Brake Technologies Corporation (WAB) has a return on equity (ROE) of 11.0%. This is reasonable for most industries.

What is Westinghouse Air Brake Technologies Corporation's free cash flow?

Westinghouse Air Brake Technologies Corporation (WAB) generated $1.64B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in WAB back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →