Westinghouse Air Brake Technologies

US · WAB #453 by market cap Listed 1970

282.44 -8.72 -2.99%

Live - 5344 symbols - heartbeat 246s ago · 2026-10-08 07:00

Pre-market 280.88 -0.55%

After-hours 282.44 0.00%

Overnight 281.84 -0.21%

Market cap: 47.71B
P/E (TTM): 38.01
P/B: 4.25
EPS: 6.83
Div yield: 0.40%
52W pos: 80%

Reader sentiment Are you bullish or bearish on WAB?

Anonymous reader poll. Unscientific, not investment advice.

✦ Quant Financial Health how this is computed

Good

Altman Z-Score is 3.68, above the 3.0 "safe zone" threshold.
Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.

Revenue annual, last 8 years

Latest year +7.51% YoY

Margins

Gross margin: 34.08%
Operating margin: 16.06%
Net margin: 10.48%

Key ratios & quality

Enterprise value: 52.48B
PEG ratio: 1.67
Altman Z-Score: 3.68

PEG uses trailing P/E against the 3-year net income growth rate (22.72%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.

Income statement

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	4.36B	8.20B	7.56B	7.82B	8.36B	9.68B	10.39B	11.17B
Gross profit	1.23B	2.28B	2.14B	2.37B	2.54B	2.94B	3.37B	3.81B
Selling & admin expenses	633.20M	1.17B	948.00M	1.03B	1.03B	1.14B	1.25B	1.49B
Research & development	87.50M	210.00M	162.00M	176.00M	209.00M	218.00M	206.00M	223.00M
Operating profit	473.40M	663.00M	745.00M	876.00M	1.01B	1.27B	1.61B	1.79B
Pretax profit	367.60M	447.00M	557.00M	737.00M	854.00M	1.09B	1.41B	1.59B
Tax	75.90M	120.00M	145.00M	172.00M	213.00M	267.00M	343.00M	409.00M
Net profit	291.70M	327.00M	412.00M	565.00M	641.00M	825.00M	1.07B	1.18B
Basic EPS	3	2	2	3	3	5	6	7
Diluted EPS	3.05	1.84	2.17	2.96	3.46	4.53	6.04	6.83

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Revenue	2.61B	2.71B	2.89B	2.97B	2.95B	3.18B
Gross profit	900.00M	938.00M	1.00B	966.00M	1.06B	1.16B
Selling & admin expenses	307.00M	347.00M	375.00M	461.00M	401.00M	400.00M
Research & development	46.00M	50.00M	59.00M	68.00M	56.00M	70.00M
Operating profit	474.00M	472.00M	491.00M	356.00M	517.00M	600.00M
Pretax profit	426.00M	450.00M	425.00M	291.00M	469.00M	518.00M
Tax	99.00M	111.00M	112.00M	87.00M	106.00M	122.00M
Net profit	327.00M	339.00M	313.00M	204.00M	363.00M	396.00M
Basic EPS	2	2	2	1	2	2
Diluted EPS	1.88	1.96	1.81	1.18	2.12	2.33

Balance sheet

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Total current assets	4.45B	4.19B	3.88B	3.83B	4.33B	4.86B	4.94B	5.69B
Cash & ST investments	580.90M	604.20M	599.00M	473.00M	541.00M	620.00M	715.00M	764.00M
Inventory	844.90M	1.77B	1.64B	1.69B	2.03B	2.28B	2.31B	2.75B
Total assets	8.65B	18.94B	18.45B	18.45B	18.52B	18.99B	18.70B	22.07B
Total current liabilities	1.65B	3.26B	3.23B	2.91B	3.47B	4.06B	3.79B	5.15B
Short-term debt	64.10M	95.70M	447.00M	2.00M	251.00M	781.00M	500.00M	1.25B
Long-term debt	3.79B	4.33B	3.79B	4.06B	3.75B	3.29B	3.48B	4.29B
Total liabilities	5,780,100,000.00	8,950,600,000.00	8,301,000,000.00	8,215,000,000.00	8,369,000,000.00	8,464,000,000.00	8,569,000,000.00	10,879,000,000.00
Total equity	2.87B	9.99B	10.15B	10.24B	10.15B	10.52B	10.13B	11.19B
Retained earnings	3.02B	3.27B	3.59B	4.06B	4.58B	5.27B	6.19B	3.88B

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Total current assets	5.26B	6.35B	5.79B	5.69B	5.97B	6.04B
Cash & ST investments	689.00M	1.49B	500.00M	764.00M	531.00M	670.00M
Inventory	2.38B	2.57B	2.75B	2.75B	2.85B	2.86B
Total assets	19.10B	20.39B	21.53B	22.07B	23.20B	23.13B
Total current liabilities	3.93B	3.61B	4.06B	5.15B	5.84B	5.39B
Short-term debt	504.00M	--	251.00M	1.25B	1.83B	1.66B
Long-term debt	3.50B	4.78B	5.03B	4.29B	4.71B	4.92B
Total liabilities	8,682,000,000.00	9,546,000,000.00	10,432,000,000.00	10,879,000,000.00	12,045,000,000.00	11,884,000,000.00
Total equity	10.41B	10.85B	11.10B	11.19B	11.15B	11.24B
Retained earnings	3.16B	3.45B	3.72B	3.88B	4.19B	4.53B

Cash flow

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	314.70M	1.02B	784.00M	1.07B	1.04B	1.20B	1.83B	1.76B
Depreciation & amortization	109.30M	319.00M	385.00M	441.00M	426.00M	477.00M	459.00M	457.00M
Free cash flow	221.40M	830.00M	648.00M	943.00M	889.00M	1.02B	1.63B	1.50B
Dividends paid	-46.30M	-82.00M	-93.00M	-92.00M	-111.00M	-123.00M	-140.00M	-173.00M
Stock buybacks / issuance	0	0	-207.00M	-300.00M	-473.00M	-409.00M	-1.10B	-223.00M
Ending cash balance	2.34B	604.00M	599.00M	473.00M	541.00M	620.00M	715.00M	789.00M

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Operating cash flow	191.00M	209.00M	367.00M	992.00M	199.00M	441.00M
Depreciation & amortization	110.00M	105.00M	114.00M	128.00M	129.00M	133.00M
Free cash flow	147.00M	170.00M	312.00M	870.00M	153.00M	379.00M
Dividends paid	-43.00M	-44.00M	-43.00M	-43.00M	-53.00M	-53.00M
Stock buybacks / issuance	-98.00M	-50.00M	0	-75.00M	-242.00M	-215.00M
Ending cash balance	698.00M	1.50B	528.00M	789.00M	531.00M	670.00M

Returns & efficiency

Line item	2018	2019	2020	2021	2022	2023	2024	2025
ROE %	10.37	5.07	4.12	5.47	6.24	7.92	10.26	11.02
ROA %	3.86	2.36	2.21	3.01	3.42	4.35	5.60	5.74
ROIC %	6.72	4.60	3.90	4.84	5.45	6.84	8.44	8.70
5-year avg ROE %	15.94	12.82	9.11	7.10	6.26	5.77	6.80	8.19
EBIT margin %	11.00	8.12	10.01	11.69	12.44	13.54	15.51	16.27
FCF / sales %	5.07	10.12	8.57	12.06	10.63	10.49	15.66	13.42
Current ratio	2.70	1.29	1.20	1.32	1.25	1.20	1.30	1.11
Quick ratio	1.05	0.70	0.62	0.67	0.59	0.57	0.64	0.52
Debt / assets	44.59	23.38	22.97	21.99	21.61	21.43	21.28	25.11
LT debt / equity	132.37	43.53	37.46	39.76	37.13	31.35	34.49	38.51
Interest coverage	4.28	3.04	3.80	5.16	5.59	6.01	8.01	8.08
Revenue CAGR (3Y) %	9.67	40.90	24.86	21.48	0.65	8.60	9.92	10.12
Net income CAGR (3Y) %	-9.56	2.36	16.43	23.69	24.63	25.33	23.69	22.72
FCF CAGR (3Y) %	-17.99	27.51	86.87	62.10	2.32	16.14	19.94	19.02

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
ROE %	10.62	10.84	11.08	11.02	11.27	11.53
ROA %	5.85	5.87	5.87	5.74	5.72	5.83
ROIC %	8.72	8.81	8.74	8.70	8.72	8.46
5-year avg ROE %	--	--	--	--	--	--
EBIT margin %	15.93	16.43	16.64	16.27	16.38	16.59
FCF / sales %	14.01	13.75	11.76	13.42	13.08	14.31
Current ratio	1.34	1.76	1.42	1.11	1.02	1.12
Quick ratio	0.67	0.97	0.66	0.52	0.48	0.53
Debt / assets	20.98	23.46	24.55	25.11	28.19	28.41
LT debt / equity	33.79	44.29	45.56	38.51	42.40	43.83
Interest coverage	8.37	8.81	8.55	8.08	7.54	7.00
Revenue CAGR (3Y) %	--	--	--	--	--	--
Net income CAGR (3Y) %	--	--	--	--	--	--
FCF CAGR (3Y) %	--	--	--	--	--	--

✦ Quant Revenue Concentration how this is computed

Single-engine

Freight Segment is the largest reported line at 70.90% of revenue, across 3 reported segments.
The next-largest line, Transit Segment, is a distant second at 29.76% - a sharp slowdown here would have little to offset it.

Revenue breakdown most recent period

Business

Freight Segment70.90%

Transit Segment29.76%

Quote time 2026-10-08 07:00:13 · For reference only, not investment advice and not tailored to your situation.