Westinghouse Air Brake Technologies Corporation WAB SPX
Company Overview
Westinghouse Air Brake Technologies Corporation provides locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It operates in two segments, Freight and Transit. It offers diesel-electric and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products. The company also offers positive train control equipment; electronically controlled pneumatic braking products; railway electronics; signal design and engineering services; distributed locomotive power, and train cruise and remote controls; industrial/mobile Internet of Things hardware and software, edge-to-cloud, on and off-board analytics and rules, and asset performance management solutions; rail and shipper transportation management, and port visibility and optimization solutions; and network optimization solutions. In addition, it provides freight car trucks, braking equipment, and related components; air compressors and dryers, as well as heating, ventilation, and air conditioning (HVAC) systems; heat transfer components and systems; custom engineered burners and combustion systems; rail gear, signaling, and switch products; and turbochargers. Further, it offers freight locomotive overhauls, modernizations, and refurbishment; locomotive and car maintenance; transit locomotive and car overhaul; unit exchange of locomotive components; long-term parts arrangements; and way equipment maintenance services. Additionally, it provides railway and freight braking equipment and related components; brake shoes, discs, and pads; HVAC equipment; access and platform screen doors; pantographs; power converters and battery chargers; passenger information systems and closed-circuit television; signaling and railway electric relays; and doors, window assemblies, accessibility lifts, ramps, and electric charging solutions for buses. The company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.
Why Investors Should Care
Net profit has compounded at 22.7% per year over the last five years.
Revenue has grown at a 10.1% CAGR over the past five years.
Operating margin of 19.0% supports profitability.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $11.17B (+7.5% YoY); net profit $1.17B.
- Trailing 12 Months Year-on-year growth — revenue +13.0%, earnings +12.8%.
- 5-Year Trend Long-term compounding — revenue CAGR 10.1%, profit CAGR 22.7%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 10.12% |
| 1 Year: | 13.00% |
Compounded Profit Growth
| 5 Years: | 22.72% |
| 1 Year: | 12.80% |
Stock Price Performance
| 1 Year: | +22.55% |
| 6 Months: | +14.95% |
| 3 Months: | -3.08% |
| 1 Month: | -2.07% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMAAbove
- RSI (14)44.04 · Neutral
P/E of 36.68 is above the sector median of 30.16 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 10.1% over 5 years.
- Profit CAGR of 22.7% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | WAB Westinghouse Air Brake Technologies Corporation SPX | 259.71 | 36.68 | $44.07B | 0.47% | 10.74% | 11.31% | 10.12% | 22.72% |
| 2 | CAT Caterpillar Inc. SPX | 914.30 | 45.35 | $421.12B | 0.70% | 17.98% | 51.33% | 2.29% | 5.24% |
| 3 | GE GE Aerospace SPX | 360.35 | 44.65 | $375.97B | 0.53% | 11.89% | 45.43% | 16.32% | 195.89% |
| 4 | GEV GE Vernova Inc. SPXAI | 1,055.28 | 30.18 | $283.57B | 0.19% | 6.30% | 75.71% | 8.68% | - |
| 5 | RTX RTX Corporation SPX | 195.89 | 36.68 | $263.80B | 1.51% | 8.28% | 11.57% | 2.61% | 2.62% |
| 6 | BA The Boeing Company SPX | 218.12 | 85.87 | $171.94B | 0.00% | -9.01% | - | 1.67% | -3.28% |
| 7 | UNP Union Pacific Corporation SPX | 288.36 | 23.75 | $171.20B | 1.91% | 15.22% | 40.69% | 2.30% | 7.77% |
| 8 | ETN Eaton Corporation plc SPXAI | 412.86 | 39.13 | $160.31B | 1.06% | 11.53% | 20.84% | 4.73% | 10.38% |
| 9 | DE Deere & Company SPX | 589.48 | 33.40 | $159.22B | 1.11% | - | 18.35% | 3.43% | 5.10% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | 916.03M | 932.25M | 957.93M | 1.08B | 1.06B | 1.11B | 1.08B | 1.12B | 1.59B | 2.24B | 2.00B | 2.37B | 1.93B | 1.74B | 1.87B | 1.83B | 2.01B | 1.91B | 1.93B | 2.05B | 2.08B | 2.19B | 2.41B | 2.55B | 2.50B | 2.64B | 2.66B | 2.61B | 2.71B | 2.89B | 2.96B | 2.95B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.71B | 1.77B | 1.88B | 2.00B | 1.89B |
| Gross Profit | 255.35M | 267.76M | 257.07M | 267.63M | 255.18M | 237.39M | 212.48M | 219.19M | 269.71M | 273.96M | 253.20M | 268.44M | 310.90M | 324.00M | 302.00M | 297.00M | 389.00M | 614.70M | 599.40M | 674.90M | 578.70M | 486.70M | 566.20M | 534.00M | 580.00M | 603.00M | 595.00M | 645.00M | 648.00M | 665.00M | 723.00M | 792.00M | 815.00M | 874.00M | 880.00M | 900.00M | 938.00M | 1.00B | 966.00M | 1.06B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 426.00M | 466.00M | 511.00M | 610.00M | 544.00M |
| Operating Income | 148.42M | 155.86M | 152.08M | 151.21M | 142.18M | 133.28M | 120.10M | 62.80M | 114.51M | 113.36M | 101.67M | 91.55M | 131.30M | 123.50M | 125.20M | 93.40M | 67.30M | 200.60M | 169.10M | 226.10M | 217.30M | 159.40M | 206.70M | 192.00M | 203.00M | 217.00M | 239.00M | 264.00M | 261.00M | 276.00M | 312.00M | 370.00M | 412.00M | 430.00M | 433.00M | 474.00M | 472.00M | 491.00M | 356.00M | 517.00M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 582.00M | 601.00M | 604.00M | 487.00M | 669.00M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 46.00M | 46.00M | 65.00M | 68.00M | 71.00M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 426.00M | 450.00M | 425.00M | 291.00M | 469.00M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 99.00M | 111.00M | 112.00M | 87.00M | 106.00M |
| Net Income | 96.16M | 101.50M | 99.18M | 101.78M | 94.16M | 90.48M | 82.43M | 46.33M | 73.89M | 72.03M | 67.40M | 48.95M | 88.40M | 84.40M | 87.70M | 34.40M | -4.50M | 104.10M | 91.10M | 135.70M | 111.60M | 86.80M | 128.10M | 112.00M | 125.00M | 131.00M | 149.00M | 166.00M | 160.00M | 169.00M | 191.00M | 240.00M | 272.00M | 289.00M | 283.00M | 322.00M | 336.00M | 310.00M | 202.00M | 362.00M |
| Diluted EPS | 0.99 | 1.04 | 1.02 | 1.05 | 1.02 | 1.00 | 0.91 | 0.42 | 0.77 | 0.75 | 0.70 | 0.51 | 0.92 | 0.87 | 0.91 | 0.36 | -0.04 | 0.54 | 0.48 | 0.71 | 0.58 | 0.46 | 0.67 | 0.59 | 0.66 | 0.69 | 0.80 | 0.91 | 0.88 | 0.93 | 1.06 | 1.33 | 1.53 | 1.64 | 1.63 | 1.88 | 1.96 | 1.81 | 1.18 | 2.12 |
| R&D Expense | 16.86M | 17.75M | 17.24M | - | 17.95M | 18.03M | 16.29M | - | 23.46M | 23.34M | 24.71M | - | 22.05M | 19.39M | 20.10M | - | 34.50M | 57.20M | 58.60M | - | 49.00M | 38.20M | 36.50M | 38.00M | 42.00M | 44.00M | 45.00M | 50.00M | 54.00M | 51.00M | 53.00M | 53.00M | 48.00M | 57.00M | 50.00M | 46.00M | 50.00M | 59.00M | - | 56.00M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.57B | 1.40B | 1.51B | 1.97B | 2.39B | 2.57B | 3.04B | 3.31B | 2.93B | 3.88B | 4.36B | 8.20B | 7.56B | - | 8.36B | 9.68B | 10.39B | 11.17B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.82B | 6.73B | 7.02B | 7.36B |
| Gross Profit | 427.19M | 393.33M | 449.08M | 570.42M | 694.57M | 764.03M | 935.98M | 1.05B | 924.24M | 1.07B | 1.23B | 2.28B | 2.14B | - | 2.54B | 2.94B | 3.37B | 3.81B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.53B | 1.68B | 1.76B | 2.01B |
| Operating Income | 212.52M | 180.03M | 202.81M | 270.70M | 392.28M | 437.31M | 527.11M | 607.57M | 456.61M | 421.10M | 473.40M | 663.00M | 745.00M | - | 1.01B | 1.27B | 1.61B | 1.79B |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.47B | 1.79B | 2.07B | 2.27B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 186.00M | 218.00M | 201.00M | 225.00M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 854.00M | 1.09B | 1.41B | 1.59B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 213.00M | 267.00M | 343.00M | 409.00M |
| Net Income | 130.55M | 115.06M | 123.10M | 170.15M | 251.73M | 292.24M | 351.68M | 398.63M | 304.89M | 262.30M | 294.90M | 327.00M | 414.00M | - | 633.00M | 815.00M | 1.06B | 1.17B |
| Diluted EPS | 2.66 | 2.39 | 2.56 | 1.76 | 2.60 | 3.01 | 3.62 | 4.10 | 3.34 | 2.72 | 3.05 | 1.84 | 2.17 | - | 3.46 | 4.53 | 6.04 | 6.83 |
| R&D Expense | 38.98M | 42.45M | 40.20M | 37.19M | 41.31M | 46.29M | 61.89M | 71.21M | 71.38M | 95.20M | 87.50M | 210.00M | 162.00M | 176.00M | 209.00M | 218.00M | 206.00M | 223.00M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 1.59B | 1.80B | 2.16B | 2.35B | 2.82B | 3.30B | 3.23B | 6.58B | 6.58B | 8.65B | 18.94B | 18.45B | - | 18.52B | 18.99B | 18.70B | 22.07B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.33B | 4.86B | 4.94B | 5.69B |
| Cash & Equivalents | 234.69M | 141.81M | 188.66M | 236.94M | 285.62M | 215.77M | 285.76M | 425.85M | 226.19M | 398.48M | 233.40M | 580.90M | 604.20M | 599.00M | - | 541.00M | 620.00M | 715.00M | 764.00M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.03B | 2.28B | 2.31B | 2.75B |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 975.00M | 1.16B | 1.15B | 1.41B |
| Total Liabilities | - | - | 806.92M | 899.69M | 1.11B | 1.07B | 1.23B | 1.50B | 1.53B | 3.60B | 3.75B | 5.78B | 8.95B | 8.30B | - | 8.37B | 8.46B | 8.57B | 10.88B |
| Current Liabilities | - | - | 305.35M | 348.37M | 541.38M | 553.06M | 579.40M | 738.80M | 664.78M | 1.45B | 1.57B | 1.65B | 3.26B | 3.23B | - | 3.47B | 4.06B | 3.79B | 5.15B |
| Long Term Debt | - | - | 359.04M | 382.01M | 395.81M | 317.85M | - | - | - | - | - | 3.79B | 4.33B | 3.79B | - | 3.75B | 3.29B | 3.48B | 4.29B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.00B | 4.07B | 3.98B | 5.54B |
| Total Equity | 617.27M | 645.37M | 776.91M | 899.77M | 1.05B | 1.28B | 1.59B | 1.81B | 1.70B | 2.21B | 2.81B | 2.87B | 9.96B | 10.12B | - | 10.10B | 10.49B | 10.09B | 11.14B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 226.90M | 226.90M | 226.90M | 171.90M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 155.80M | 162.30M | 176.14M | 248.63M | 237.44M | 235.65M | 472.38M | 450.84M | 450.53M | 188.80M | 314.70M | 1.02B | 784.00M | - | 1.04B | 1.20B | 1.83B | 1.76B |
| Investing Cash Flow | -417.44M | -115.22M | -156.25M | -146.18M | -184.94M | -258.69M | -347.68M | -380.14M | -232.97M | -1.03B | -147.30M | -3.18B | -155.00M | - | -235.00M | -492.00M | -343.00M | -2.75B |
| Financing Cash Flow | 189.71M | -12.96M | 25.85M | -46.76M | -124.72M | 93.01M | 25.51M | -251.50M | 522.97M | -97.40M | 1.98B | 461.00M | -619.00M | - | -708.00M | -633.00M | -1.37B | 1.03B |
| Capital Expenditure | -19.71M | -18.29M | -20.84M | -37.97M | -36.00M | -41.24M | -47.66M | -49.43M | -50.22M | -89.50M | -93.30M | -186.00M | -136.00M | - | -149.00M | -186.00M | -207.00M | -260.00M |
| Free Cash Flow | 136.09M | 144.01M | 155.29M | 210.66M | 201.44M | 194.41M | 424.72M | 401.42M | 400.31M | 99.30M | 221.40M | 830.00M | 648.00M | - | 889.00M | 1.01B | 1.63B | 1.50B |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 95.00M | 76.00M | 120.00M | 43.00M |
| Share Buybacks | - | - | - | - | 46.56M | 33.00M | 26.76M | 387.79M | 212.18M | 0 | 0 | 0 | 207.00M | 300.00M | 473.00M | 409.00M | 1.10B | 223.00M |
| Dividends Paid | 1.94M | 1.92M | 1.91M | 3.85M | 7.67M | 12.64M | - | - | - | - | - | - | - | - | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | 27.1% | 28.1% | 29.8% | 29.0% | 29.0% | 29.8% | 30.7% | 31.7% | 31.5% | 27.4% | 28.3% | 27.8% | 28.3% | - | 30.4% | 30.4% | 32.4% | 34.1% |
| Operating Margin % | 13.5% | 12.8% | 13.5% | 13.8% | 16.4% | 17.0% | 17.3% | 18.4% | 15.6% | 10.8% | 10.8% | 8.1% | 9.9% | - | 12.1% | 13.1% | 15.5% | 16.1% |
| Net Margin % | 8.3% | 8.2% | 8.2% | 8.6% | 10.5% | 11.4% | 11.6% | 12.1% | 10.4% | 6.8% | 6.8% | 4.0% | 5.5% | - | 7.6% | 8.4% | 10.2% | 10.5% |
| ROE % | 20.2% | 14.8% | 13.7% | 16.3% | 19.7% | 18.4% | 19.5% | 23.5% | 13.8% | 9.3% | 10.3% | 3.3% | 4.1% | - | 6.3% | 7.8% | 10.5% | 10.5% |
| ROCE % | - | 14.1% | 13.9% | 16.7% | 21.8% | 19.5% | 20.5% | 23.7% | 8.9% | 8.4% | 6.8% | 4.2% | 4.9% | - | 6.7% | 8.5% | 10.8% | 10.6% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | FMR, LLC | 11.62% | 19.72M | $5.13B |
| 2 | Blackrock Inc. | 8.10% | 13.74M | $3.57B |
| 3 | Vanguard Capital Management LLC | 6.53% | 11.08M | $2.88B |
| 4 | Price (T.Rowe) Associates Inc | 4.72% | 8.00M | $2.08B |
| 5 | State Street Corporation | 4.56% | 7.74M | $2.01B |
| 6 | Vanguard Portfolio Management LLC | 4.22% | 7.16M | $1.86B |
| 7 | Geode Capital Management, LLC | 2.69% | 4.56M | $1.19B |
| 8 | Nordea Investment Management AB | 2.10% | 3.56M | $924.99M |
| 9 | FIL LTD | 2.06% | 3.50M | $910.96M |
| 10 | Select Equity Group LP | 1.72% | 2.92M | $760.53M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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Westinghouse Air Brake Technologies (WAB) Could Be 13% Below Fair Value On Renewed Analyst Coverage - simplywall.st
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Westinghouse Air Brake Technologies (WAB) Stock May Be 5% Undervalued Before Q2 Earnings - Sahm
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WAB — Frequently Asked Questions
What is the current share price of Westinghouse Air Brake Technologies Corporation (WAB)?
As of 2026-07-15 16:51 PDT, Westinghouse Air Brake Technologies Corporation (WAB) trades at $259.71 on NYSE. Its 52-week range is $184.98 to $282.45.
What is the market capitalisation of WAB?
Westinghouse Air Brake Technologies Corporation (WAB) has a market capitalisation of $44.07B on NYSE.
What is the P/E ratio of WAB?
WAB trades at a trailing price-to-earnings (P/E) ratio of 36.68. The industry average P/E is 30.16. Its price-to-book (P/B) ratio is 4.01.
Does WAB pay a dividend?
Westinghouse Air Brake Technologies Corporation (WAB) currently offers a dividend yield of 0.47%.
What is the return on equity (ROE) of WAB?
WAB has a return on equity (ROE) of 11.31%. Its return on capital employed (ROCE) is 10.74%.
Is WAB a good stock to buy?
This page provides a data-driven analysis of Westinghouse Air Brake Technologies Corporation (WAB), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.