Westinghouse Air Brake Technologies (WAB) Financials: History & Chart

Westinghouse Air Brake Technologies Corporation (WAB)WABWestinghouse Air Brake Technologies Corporation

About Westinghouse Air Brake Technologies Corporation

Westinghouse Air Brake Technologies Corporation (WAB) delivers a comprehensive suite of advanced technological solutions, equipment, and services tailored for the global freight railway and urban mass transit sectors. Its operations are bifurcated into two principal divisions: Freight and Transit. The Freight segment develops, produces, and maintains critical components for both newly manufactured and operational freight carriages and locomotives. This includes constructing brand-new commuter-focused locomotives, undertaking comprehensive rebuilding of freight locomotives, and delivering sophisticated railway electronic systems, positive train control (PTC) technology, signal design expertise, and related engineering provisions. This segment also furnishes essential heat exchange and cooling apparatus. Its clientele encompasses major publicly listed railway operators, equipment leasing firms, original equipment manufacturers (OEMs) of locomotives and freight cars, and various utility companies. The Transit segment is responsible for the production and upkeep of components utilized in both new and existing passenger conveyance systems, including regional and high-speed trains, subway cars, light-rail vehicles, and buses. This division also renovates subway cars and supplies HVAC (heating, ventilation, and air conditioning) systems, alongside doors for both buses and subways. This division caters to public transit agencies, municipal governments, leasing corporations, and manufacturers specializing in subway cars and buses. Beyond these core offerings, the company's extensive product portfolio further includes advanced electronically controlled pneumatic braking systems, various railway electronic devices, robust freight car undercarriages, crucial draft gears, couplers, and slack adjusters, as well as air compression and drying units. They also offer diverse heat exchange and cooling solutions, track and switch apparatus, and comprehensive railway braking components. WAB manufactures new switcher locomotives, friction products, and provides extensive overhaul, modernization, and refurbishment services for both transit and freight locomotives and cars. Additionally, their offerings extend to platform screen doors, pantographs, window assemblies, specialized couplers, accessibility lifts and ramps for public transport vehicles, and traction motors. Established in 1869, the company maintains its corporate headquarters in Pittsburgh, Pennsylvania.

Pittsburgh, PA

31,000 employees

www.wabteccorp.com

Industrials / Railroads

Sector: Industrials
Industry: Railroads
CEO: Rafael Ottoni Santana

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Financials

SEC Filings

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	11.98B	3.18B	2.95B	2.96B	2.89B	2.71B	2.61B	2.58B	2.66B
Cost of Goods Sold	7.87B	2.02B	1.89B	2.08B	1.88B	1.77B	1.71B	1.79B	1.78B
Gross Profit	4.11B	1.16B	1.06B	889.00M	1.00B	938.00M	900.00M	797.00M	880.00M
Gross Profit Margin	34.3%	36.5%	36.0%	30.0%	34.7%	34.7%	34.5%	30.9%	33.0%
Total Operating Expenses	2.03B	456.00M	544.00M	516.00M	511.00M	466.00M	426.00M	463.00M	447.00M
Research & Development	239.00M	56.00M	56.00M	68.00M	59.00M	50.00M	46.00M	51.00M	50.00M
Selling, General & Administrative	1.62B	400.00M	401.00M	448.00M	375.00M	347.00M	307.00M	333.00M	318.00M
Operating Income (EBIT)	1.98B	600.00M	517.00M	373.00M	491.00M	472.00M	474.00M	334.00M	433.00M
Operating Margin	16.5%	18.9%	17.5%	12.6%	17.0%	17.4%	18.2%	12.9%	16.3%
Income Before Tax (EBT)	1.70B	518.00M	469.00M	291.00M	425.00M	450.00M	426.00M	284.00M	378.00M
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	-18.00M	-222.00M	71.00M	68.00M	65.00M	46.00M	46.00M	53.00M	52.00M
Other Income/Expense	-278.00M	-82.00M	-48.00M	-82.00M	-66.00M	-22.00M	-48.00M	-50.00M	-55.00M
Net Income	1.27B	396.00M	362.00M	202.00M	310.00M	336.00M	322.00M	212.00M	283.00M
Income Tax Expense	-29.00M	-334.00M	106.00M	87.00M	112.00M	111.00M	99.00M	71.00M	92.00M
Net Profit Margin	10.6%	12.5%	12.3%	6.8%	10.7%	12.4%	12.3%	8.2%	10.6%
EBITDA	2.27B	513.00M	604.00M	509.00M	641.00M	577.00M	584.00M	452.00M	556.00M
EBITDA Margin	18.9%	16.1%	20.5%	17.2%	22.2%	21.3%	22.4%	17.5%	20.9%
Depreciation & Amortization	286.00M	-87.00M	87.00M	136.00M	150.00M	105.00M	110.00M	118.00M	123.00M
EPS Basic	10.17	5.05	2.12	1.19	1.81	1.96	1.88	1.24	1.63
EPS Diluted	10.13	5.02	2.12	1.18	1.81	1.96	1.88	1.23	1.63
Shares Outstanding	169.50M	169.50M	170.00M	170.30M	170.50M	170.60M	170.50M	171.20M	173.40M
Diluted Shares Outstanding	170.10M	170.10M	170.70M	171.00M	171.20M	171.20M	171.30M	172.00M	174.10M

Annual Income Statement (USD)

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Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	11.17B	10.39B	9.68B	8.36B	7.82B	7.56B	8.20B	4.36B
Cost of Goods Sold	7.65B	7.02B	6.73B	5.82B	5.45B	5.42B	5.92B	3.13B
Gross Profit	3.52B	3.37B	2.94B	2.54B	2.37B	2.14B	2.28B	1.23B
Gross Profit Margin	31.5%	32.4%	30.4%	30.4%	30.3%	28.3%	27.8%	28.3%
Total Operating Expenses	1.65B	1.76B	1.68B	1.53B	1.49B	1.39B	1.61B	760.50M
Research & Development	223.00M	206.00M	218.00M	209.00M	176.00M	162.10M	209.90M	87.45M
Selling, General & Administrative	1.42B	1.25B	1.14B	1.03B	1.03B	948.00M	1.17B	633.20M
Operating Income (EBIT)	1.87B	1.61B	1.27B	1.01B	876.00M	745.00M	663.00M	473.40M
Operating Margin	16.7%	15.5%	13.1%	12.1%	11.2%	9.9%	8.1%	10.8%
Income Before Tax (EBT)	1.59B	1.41B	1.09B	854.00M	737.00M	557.00M	447.00M	367.60M
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	225.00M	201.00M	218.00M	186.00M	177.00M	199.00M	219.00M	112.20M
Other Income/Expense	-277.00M	-199.00M	-174.00M	-157.00M	-139.00M	-188.00M	-216.00M	-105.80M
Net Income	1.17B	1.06B	815.00M	633.00M	558.00M	414.00M	327.00M	294.90M
Income Tax Expense	409.00M	343.00M	267.00M	213.00M	172.00M	145.00M	120.00M	75.90M
Net Profit Margin	10.5%	10.2%	8.4%	7.6%	7.1%	5.5%	4.0%	6.8%
EBITDA	2.37B	2.07B	1.74B	1.44B	1.32B	1.13B	982.00M	582.70M
EBITDA Margin	21.2%	19.9%	18.0%	17.2%	16.8%	15.0%	12.0%	13.4%
Depreciation & Amortization	501.00M	459.00M	477.00M	426.00M	441.00M	385.00M	319.00M	109.30M
EPS Basic	6.86	6.05	4.56	3.47	2.96	2.18	1.91	3.07
EPS Diluted	6.83	6.04	4.54	3.46	2.96	2.17	1.84	3.06
Shares Outstanding	170.50M	174.10M	178.80M	182.20M	187.70M	189.90M	170.50M	96.00M
Diluted Shares Outstanding	171.10M	174.80M	179.50M	182.80M	188.10M	190.40M	177.30M	96.50M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.