Westinghouse Air Brake Technologies Corporation

Westinghouse Air Brake Technologies Corporation

WAB
Westinghouse Air Brake Technologies CorporationUS flagNew York Stock Exchange
264.51
USD
+8.50
- -
44.88BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
26.88
31.79
34.43
32.44
40.67
45.46
48.09
39.79
41.67
45.89
54.12
59.66
65.5
67.55
Basic EPS, GAAP
3.06
3.67
4.15
3.37
2.75
3.07
1.92
2.18
2.97
3.47
4.56
6.07
6.86
7.1
Free Cash Flow per Basic Share
2.04
4.43
4.18
4.43
1.04
2.31
4.87
3.41
5.02
4.88
5.68
9.35
8.79
8.83
Dividend per Share
0.13
0.2
0.28
0.36
0.44
0.48
0.48
0.49
0.49
0.61
0.69
0.8
1.01
1.07
Book Value per Share
16.53
19.95
23.75
28.27
29.07
31.49
19.17
18.91
21.61
25.13
29.48
35.54
22.75
24.58
Tangible Book Value per Share
4.35
5.46
4.19
-1.72
-8.76
-6.85
-14.49
-11.59
-10.94
-9.68
-8.17
-8.68
-16.8
-21.8
Basic Weighted Avg Shares
95
96
96
90
95
96
170
190
188
182
179
174
170
170
Sales/Revenue/Turnover
2,566
3,044
3,308
2,931
3,882
4,364
8,200
7,556
7,822
8,362
9,677
10,387
11,167
11,507
Operating Margin (%)
17.04
17.31
18.37
15.58
10.85
10.85
8.09
9.86
11.2
12.09
13.08
15.49
16.06
15.96
Depreciation Expense
51
61
65
70
103
109
319
385
441
426
477
459
457
476
Net Income, GAAP
292
352
399
305
262
295
327
414
558
633
815
1,056
1,170
1,210
Effective Tax Rate (%)
30.6
30.75
31.9
24.09
25.5
20.65
26.85
26.03
23.34
24.94
24.45
24.33
25.69
25.44
Profit Margin (%)
11.39
11.55
12.05
10.4
6.76
6.76
3.99
5.48
7.13
7.57
8.42
10.17
10.48
10.52
Working Capital
754
899
875
1,421
692
2,803
934
654
922
860
799
1,151
544
138
LT Debt
450
520
692
1,763
1,823
3,793
4,334
3,792
4,056
3,751
3,288
3,480
4,291
4,708
Total Equity
1,587
1,808
1,701
2,977
2,829
2,869
9,994
10,153
10,239
10,147
10,524
10,133
11,190
11,151
Return on Invested Capital (%)
16.74
16.76
17.56
9.56
6.57
6.59
4.59
3.83
4.69
5.35
6.67
8.5
8.66
8.53
Return on Capital (%)
16.59
16.3
15.17
8.17
6.48
6.7
6.67
7.22
8.58
9.11
10.77
12.22
13.46
15.43
Return on Common Equity (%)
20.32
20.16
19.02
12.61
9.84
10.17
10.38
12.07
14.59
14.66
16.55
18.43
23.25
32.93

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
251
1,250
1,830
LT Borrowings
5,034
4,291
4,708
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
171
171
170
Market Capitalization
34,220
36,388
42,572

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
5,788
5,694
5,973
Cash, Cash Equivalents & STI
500
764
531
Accounts Receivable, Net
1,662
1,410
1,784
Inventories
2,747
2,745
2,850
Total Current Liabilities
4,064
5,150
5,835
Payables & Accruals
2,449
2,395
2,484
ST Debt
251
1,250
1,830
Deferred Revenue
940
1,015
1,006

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
33.17%
2.08%
10.43%
Free Cash Flow
40.68%
21.28%
-7.87%
Net Income, GAAP
12.98%
23.47%
10.8%
Sales/Revenue/Turnover
15.45%
8.2%
7.51%
Total Cash Common Dividend
21.81%
13.55%
23.57%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,497
2,644
2,663
2,583
10,387
2025
2,610
2,706
2,886
2,965
11,167
2026
2,950
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.54
1.65
1.63
1.24
6.07
2025
1.89
1.97
1.82
1.19
6.86
2026
2.13
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.2
0.2
0.2
0.8
2025
0.25
0.26
0.25
0.25
1.01
2026
0.31
- -
- -
- -
- -

Company Description

APIChat
CEO
Rafael Ottoni Santana
Full Time Employees
29,500
Sector
Industrials
Industry
Railroads
Address
30 Isabella Street Pittsburgh PA United States of America 15212
IPO Date
Jun 16, 1995
Business
Westinghouse Air Brake Technologies Corporation delivers advanced technology, integrated systems, and specialized services for the global freight rail and passenger transit sectors. The company organizes its operations across two main segments: Freight and Transit. The Freight segment is responsible for the manufacture and maintenance of components integral to new and existing freight cars and locomotives, alongside building new commuter locomotives and performing comprehensive overhauls on freight locomotives. This segment also provides sophisticated railway electronics, positive train control systems, signal engineering, and related heat exchange and cooling solutions. Its clientele includes prominent publicly traded railroads, leasing enterprises, original equipment manufacturers of locomotives and freight cars, and utility providers. The Transit segment focuses on producing and servicing components for various new and existing passenger transit vehicles, encompassing regional trains, high-speed trains, subway cars, light-rail vehicles, and buses. This also involves the refurbishment of subway cars and the provision of advanced heating, ventilation, and air conditioning equipment, as well as access doors for both buses and subways. This division caters to public transit authorities, municipalities, leasing firms, and manufacturers of subway cars and buses. Wabtec's expansive offerings further include state-of-the-art electronically controlled pneumatic braking solutions, comprehensive railway electronics, robust freight car trucks, essential draft gears, couplers, and slack adjusters, efficient air compressors and dryers, and crucial heat exchangers and cooling products. The company also offers track and switch components, friction products, new switcher locomotives, and specialized overhaul, modernization, and refurbishment services for both freight and transit locomotives and cars. Additionally, it supplies platform screen doors, pantographs, window assemblies, accessibility lifts and ramps for transit vehicles, and powerful traction motors. The company maintains a strong commitment to innovation, notably with the development of the FLXdrive, the world's first heavy-haul battery-electric locomotive, and continues to expand its digital intelligence capabilities with solutions like remote locomotive operation and advanced inspection technologies. Recent strategic acquisitions, such as Evident's Inspection Technologies division in July 2025, significantly bolster its portfolio in non-destructive testing and digital analytics, enhancing productivity, reliability, and safety across its diverse market presence, which extends to mining, industrial, and marine sectors. Founded in 1869, the corporation is headquartered in Pittsburgh, Pennsylvania.

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