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

Name: Westinghouse Air Brake Technologies Corporation (WAB) Return on Invested Capital (ROIC) — historical time series
Creator: TGMCharts

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Westinghouse Air Brake Technologies Corporation(WAB)

Railroads · Pittsburgh, PA

$280.27+0.00 (+0.00%)

Delayed quote: Sep 10, 2026, 4:02 PM EDT

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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

View full financials

WAB Return on Invested Capital (ROIC) Metrics

RETURN ON INVESTED CAPITAL (ROIC)

7.64%

RETURN ON INVESTED CAPITAL (ROIC) AVG TTM

7.49%

RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y

7.28%

RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y

6.13%

RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y

5.48%

RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y

8.37%

RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y

9.14%

CURRENT VS TTM AVG

+1.92%

CURRENT VS 3Y AVG

+4.97%

CURRENT VS 5Y AVG

+24.51%

CURRENT VS 10Y AVG

+39.48%

CURRENT VS 15Y AVG

-8.78%

CURRENT VS 20Y AVG

-16.41%

SECTOR MEDIAN · INDUSTRIALS

9.55%

median of 154 covered companies

CURRENT VS SECTOR MEDIAN

-20.07%

vs the sector median at left

NAME	MARKET CAP	RETURN ON INVESTED CAPITAL (ROIC)	TTM	3Y	5Y
Westinghouse Air Brake Technologies Corporation (WAB)	$47.34B	7.64%	7.49%	7.28%	6.13%
Rockwell Automation, Inc. (ROK)vs ›	$46.89B	19.92%	13.19%	14.28%	13.82%
Carrier Global Corporation (CARR)vs ›	$46.69B	5.03%	4.58%	5.74%	7.20%
L3Harris Technologies, Inc. (LHX)vs ›	$46.25B	5.30%	5.24%	5.14%	4.21%
Honeywell Aerospace Inc (HONA)vs ›	$48.73B	22.59%	22.59%	22.59%	22.59%
HEICO Corporation (HEI-A)vs ›	$44.75B	11.37%	10.50%	9.87%	10.08%
HEICO Corporation (HEI)vs ›	$43.54B	11.37%	10.50%	9.87%	10.08%
Delta Air Lines, Inc. (DAL)vs ›	$51.45B	7.63%	8.59%	7.85%	2.05%
Ferguson plc (FERG)vs ›	$42.85B	16.51%	10.88%	14.29%	16.21%
Thomson Reuters Corporation (TRI)vs ›	$41.78B	11.04%	11.66%	11.11%	10.22%

NAME

MARKET CAP

RETURN ON INVESTED CAPITAL (ROIC)

TTM

Westinghouse Air Brake Technologies Corporation (WAB)

$47.34B

7.64%

7.49%

7.28%

6.13%

Rockwell Automation, Inc. (ROK)vs ›

$46.89B

19.92%

13.19%

14.28%

13.82%

Carrier Global Corporation (CARR)vs ›

$46.69B

5.03%

4.58%

5.74%

7.20%

L3Harris Technologies, Inc. (LHX)vs ›

$46.25B

5.30%

5.24%

5.14%

4.21%

Honeywell Aerospace Inc (HONA)vs ›

$48.73B

22.59%

HEICO Corporation (HEI-A)vs ›

$44.75B

11.37%

10.50%

9.87%

10.08%

HEICO Corporation (HEI)vs ›

$43.54B

11.37%

10.50%

9.87%

10.08%

Delta Air Lines, Inc. (DAL)vs ›

$51.45B

7.63%

8.59%

7.85%

2.05%

Ferguson plc (FERG)vs ›

$42.85B

16.51%

10.88%

14.29%

16.21%

Thomson Reuters Corporation (TRI)vs ›

$41.78B

11.04%

11.66%

11.11%

10.22%

Return on Invested Capital (ROIC) Formula & Definition

ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)

Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.

Return on Invested Capital (ROIC) FAQ

What is the return on invested capital (ROIC) for Westinghouse Air Brake Technologies Corporation (WAB)?

The return on invested capital (ROIC) for WAB stock is 7.64%.

Is Westinghouse Air Brake Technologies Corporation's return on invested capital (ROIC) high or low?

The return on invested capital (ROIC) of 7.64% is 25% above its 5-year average of 6.13%, near the high end of its 5-year range (3.57%–8.08%).

What is the TTM average return on invested capital (ROIC) for Westinghouse Air Brake Technologies Corporation (WAB)?

The TTM average return on invested capital (ROIC) for WAB stock is 7.49%.

What is the 3Y average return on invested capital (ROIC) for Westinghouse Air Brake Technologies Corporation (WAB)?

The 3Y average return on invested capital (ROIC) for WAB stock is 7.28%.

What is the 5Y average return on invested capital (ROIC) for Westinghouse Air Brake Technologies Corporation (WAB)?

The 5Y average return on invested capital (ROIC) for WAB stock is 6.13%.

What is the 10Y average return on invested capital (ROIC) for Westinghouse Air Brake Technologies Corporation (WAB)?

The 10Y average return on invested capital (ROIC) for WAB stock is 5.48%.

What is the 15Y average return on invested capital (ROIC) for Westinghouse Air Brake Technologies Corporation (WAB)?

The 15Y average return on invested capital (ROIC) for WAB stock is 8.37%.

What is the 20Y average return on invested capital (ROIC) for Westinghouse Air Brake Technologies Corporation (WAB)?

The 20Y average return on invested capital (ROIC) for WAB stock is 9.14%.

DATE	RETURN ON INVESTED CAPITAL (ROIC)
2026-06-30	7.64%
2026-03-31	7.18%
2025-12-31	7.40%
2025-09-30	7.52%
2025-06-30	7.73%
2025-03-31	8.08%
2024-12-31	7.90%
2024-09-30	7.80%
2024-06-30	7.36%
2024-03-31	6.83%
2023-12-31	6.09%
2023-09-30	5.77%
2023-06-30	5.19%
2023-03-31	5.07%
2022-12-31	4.96%
2022-09-30	5.20%
2022-06-30	4.93%
2022-03-31	4.57%
2021-12-31	4.32%
2021-09-30	3.68%
2021-06-30	3.57%
2021-03-31	3.36%
2020-12-31	3.51%
2020-09-30	3.89%
2020-06-30	3.79%
2020-03-31	3.89%
2019-12-31	3.08%
2019-09-30	2.28%
2019-06-30	2.12%
2019-03-31	1.89%
2018-12-31	5.32%
2018-09-30	5.31%
2018-06-30	6.98%
2018-03-31	6.29%
2017-12-31	6.20%
2017-09-30	6.50%
2017-07-01	6.50%
2017-03-31	7.20%
2016-12-31	6.61%
2016-09-30	13.60%
2016-06-30	14.71%
2016-03-31	15.06%
2015-12-31	15.70%
2015-09-30	15.25%
2015-06-30	15.26%
2015-03-31	15.49%
2014-12-31	14.23%
2014-09-30	13.50%
2014-06-30	13.19%
2014-03-31	13.45%
2013-12-31	13.53%
2013-09-30	12.92%
2013-06-30	14.16%
2013-03-31	14.01%
2012-12-31	14.55%
2012-09-30	13.08%
2012-06-30	12.73%
2012-03-31	11.82%
2011-12-31	11.15%
2011-09-30	10.41%
2011-06-30	9.36%
2011-03-31	9.21%
2010-12-31	8.94%
2010-09-30	8.97%
2010-06-30	9.10%
2010-03-31	9.15%
2009-12-31	9.66%
2009-09-30	10.15%
2009-06-30	11.62%
2009-03-31	12.08%
2008-12-31	11.81%
2008-09-30	14.26%
2008-06-30	13.61%
2008-03-31	13.66%
2007-12-31	13.21%
2007-09-30	12.95%
2007-06-30	12.41%
2007-03-31	12.19%
2006-12-31	12.17%
2006-09-30	12.01%
2006-06-30	12.15%
2006-03-31	11.90%
2005-12-31	11.01%
2005-09-30	9.66%
2005-06-30	8.91%
2005-03-31	8.34%
2004-12-31	7.79%
2004-09-30	7.84%
2004-06-30	6.69%
2004-03-31	6.37%
2003-12-31	6.52%
2003-09-30	6.81%
2003-06-30	7.16%

DATE

RETURN ON INVESTED CAPITAL (ROIC)

2026-06-30

7.64%

2026-03-31

7.18%

2025-12-31

7.40%

2025-09-30

7.52%

2025-06-30

7.73%

2025-03-31

8.08%

2024-12-31

7.90%

2024-09-30

7.80%

2024-06-30

7.36%

2024-03-31

6.83%

2023-12-31

6.09%

2023-09-30

5.77%

2023-06-30

5.19%

2023-03-31

5.07%

2022-12-31

4.96%

2022-09-30

5.20%

2022-06-30

4.93%

2022-03-31

4.57%

2021-12-31

4.32%

2021-09-30

3.68%

2021-06-30

3.57%

2021-03-31

3.36%

2020-12-31

3.51%

2020-09-30

3.89%

2020-06-30

3.79%

2020-03-31

3.89%

2019-12-31

3.08%

2019-09-30

2.28%

2019-06-30

2.12%

2019-03-31

1.89%

2018-12-31

5.32%

2018-09-30

5.31%

2018-06-30

6.98%

2018-03-31

6.29%

2017-12-31

6.20%

2017-09-30

6.50%

2017-07-01

6.50%

2017-03-31

7.20%

2016-12-31

6.61%

2016-09-30

13.60%

2016-06-30

14.71%

2016-03-31

15.06%

2015-12-31

15.70%

2015-09-30

15.25%

2015-06-30

15.26%

2015-03-31

15.49%

2014-12-31

14.23%

2014-09-30

13.50%

2014-06-30

13.19%

2014-03-31

13.45%

2013-12-31

13.53%

2013-09-30

12.92%

2013-06-30

14.16%

2013-03-31

14.01%

2012-12-31

14.55%

2012-09-30

13.08%

2012-06-30

12.73%

2012-03-31

11.82%

2011-12-31

11.15%

2011-09-30

10.41%

2011-06-30

9.36%

2011-03-31

9.21%

2010-12-31

8.94%

2010-09-30

8.97%

2010-06-30

9.10%

2010-03-31

9.15%

2009-12-31

9.66%

2009-09-30

10.15%

2009-06-30

11.62%

2009-03-31

12.08%

2008-12-31

11.81%

2008-09-30

14.26%

2008-06-30

13.61%

2008-03-31

13.66%

2007-12-31

13.21%

2007-09-30

12.95%

2007-06-30

12.41%

2007-03-31

12.19%

2006-12-31

12.17%

2006-09-30

12.01%

2006-06-30

12.15%

2006-03-31

11.90%

2005-12-31

11.01%

2005-09-30

9.66%

2005-06-30

8.91%

2005-03-31

8.34%

2004-12-31

7.79%

2004-09-30

7.84%

2004-06-30

6.69%

2004-03-31

6.37%

2003-12-31

6.52%

2003-09-30

6.81%

2003-06-30

7.16%

Return on Invested Capital (ROIC): 7.64%

WAB Return on Invested Capital (ROIC)

WAB Average Return on Invested Capital (ROIC) Chart

WAB Current vs Average Return on Invested Capital (ROIC) Chart

WAB Return on Invested Capital (ROIC) Metrics

WAB Competitors' Return on Invested Capital (ROIC)

Capital Efficiency

Return on Invested Capital (ROIC) Formula & Definition

Return on Invested Capital (ROIC) FAQ

WAB Return on Invested Capital (ROIC) History

Related Metrics