Westinghouse Air Brake Technologies Corporation logo

Westinghouse Air Brake Technologies Corporation

WAB

NYSEIndustrialsRailroads

Previous close

$297.57

+$5.26 · +1.80%

Aug 21, 4:00 PM ET

Pre-market

$298.1

+$0.53 · +0.18%

Aug 24, 7:22 AM ET

WAB company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

43

Fair Value

Momentum

49

Neutral

Sentiment

56

Mixed

Risk resilience

75

Moderate Risk

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Company profile

Company website

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.

Industry
Railroads
Sector
Industrials
Headquarters
US
CEO
Rafael Ottoni Santana
Listed since
Jun 16, 1995
Employees
31,000

Market position

Day range

Current $297.57

52-week range

Current $297.57

Open
$294.47
Previous close
$292.31
Volume
889.05K
0.92× average
Average volume
970.62K
Average daily volume
Market cap
50.26B USD
Beta
0.93
Market reference 1
50-day average
$279.87
+6.33% above average
200-day average
$250.04
+19.01% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
39.94×
P/B (TTM)
4.49×
P/S (TTM)
4.2×
Dividend yield
0.40%

Profitability & efficiency

Gross margin
34.33%
Operating margin
16.54%
Net margin
10.59%

Financial health

Debt / equity
0.62×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends35%25%15%5%Gross margin, FY2021: 30.29%Gross margin, FY2022: 30.38%Gross margin, FY2023: 30.42%Gross margin, FY2024: 32.41%Gross margin, FY2025: 31.48%Operating margin, FY2021: 11.20%Operating margin, FY2022: 12.09%Operating margin, FY2023: 13.08%Operating margin, FY2024: 15.49%Operating margin, FY2025: 16.74%Net margin, FY2021: 7.13%Net margin, FY2022: 7.57%Net margin, FY2023: 8.42%Net margin, FY2024: 10.17%Net margin, FY2025: 10.48%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 30.29%. Gross margin FY2022 30.38%. Gross margin FY2023 30.42%. Gross margin FY2024 32.41%. Gross margin FY2025 31.48%. Operating margin FY2021 11.20%. Operating margin FY2022 12.09%. Operating margin FY2023 13.08%. Operating margin FY2024 15.49%. Operating margin FY2025 16.74%. Net margin FY2021 7.13%. Net margin FY2022 7.57%. Net margin FY2023 8.42%. Net margin FY2024 10.17%. Net margin FY2025 10.48%.

Income trends

Revenue

11.17B USD+7.51%

Operating income

1.87B USD+16.16%

Net income

1.17B USD+10.80%
Income trends across reported periods12.23B USD7.98B USD3.74B USD−502.9M USDRevenue, FY2021: 7.82B USDRevenue, FY2022: 8.36B USDRevenue, FY2023: 9.68B USDRevenue, FY2024: 10.39B USDRevenue, FY2025: 11.17B USDOperating income, FY2021: 876M USDOperating income, FY2022: 1.01B USDOperating income, FY2023: 1.27B USDOperating income, FY2024: 1.61B USDOperating income, FY2025: 1.87B USDNet income, FY2021: 558M USDNet income, FY2022: 633M USDNet income, FY2023: 815M USDNet income, FY2024: 1.06B USDNet income, FY2025: 1.17B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 7.82B USD. Revenue FY2022 8.36B USD. Revenue FY2023 9.68B USD. Revenue FY2024 10.39B USD. Revenue FY2025 11.17B USD. Operating income FY2021 876M USD. Operating income FY2022 1.01B USD. Operating income FY2023 1.27B USD. Operating income FY2024 1.61B USD. Operating income FY2025 1.87B USD. Net income FY2021 558M USD. Net income FY2022 633M USD. Net income FY2023 815M USD. Net income FY2024 1.06B USD. Net income FY2025 1.17B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue11.17B USD10.39B USD9.68B USD8.36B USD7.82B USD
Cost of goods sold7.65B USD7.02B USD6.73B USD5.82B USD5.45B USD
Gross profit3.52B USD3.37B USD2.94B USD2.54B USD2.37B USD
Research and development223M USD206M USD218M USD209M USD176M USD
Selling, general, and administrative1.42B USD1.25B USD1.14B USD1.03B USD1.03B USD
Operating expenses1.65B USD1.76B USD1.68B USD1.53B USD1.49B USD
Interest expense225M USD201M USD218M USD186M USD177M USD
Depreciation and amortization501M USD459M USD477M USD426M USD441M USD
Operating income1.87B USD1.61B USD1.27B USD1.01B USD876M USD
Net income1.17B USD1.06B USD815M USD633M USD558M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+4.53%
11 comparable reports
Latest EPS result
2.76
Estimate 2.6 · Beat by 6.15%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.872.4421.57Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 1.68, estimate 1.74, surprise -3.45%, Miss. Q2 2025, reported Apr 23, 2025: actual 2.28, estimate 2.03, surprise +12.32%, Beat. Q3 2025, reported Jul 24, 2025: actual 1.96, estimate 2.17, surprise -9.68%, Miss. Q4 2025, reported Oct 22, 2025: actual 2.32, estimate 2.28, surprise +1.75%, Beat. Q1 2026, reported Feb 11, 2026: actual 2.1, estimate 2.08, surprise +0.96%, Beat. Q2 2026, reported Apr 22, 2026: actual 2.71, estimate 2.51, surprise +7.97%, Beat. Q3 2026, reported Jul 22, 2026: actual 2.76, estimate 2.6, surprise +6.15%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate 2.73, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates3.32B3.03B2.74B2.46BQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 2.58B USD, estimate 2.62B USD, surprise -1.50%, Miss. Q2 2025, reported Apr 23, 2025: actual 2.61B USD, estimate 2.61B USD, surprise +0.08%, Beat. Q3 2025, reported Jul 24, 2025: actual 2.71B USD, estimate 2.77B USD, surprise -2.29%, Miss. Q4 2025, reported Oct 22, 2025: actual 2.89B USD, estimate 2.88B USD, surprise +0.18%, Beat. Q1 2026, reported Feb 11, 2026: actual 2.97B USD, estimate 2.87B USD, surprise +3.49%, Beat. Q2 2026, reported Apr 22, 2026: actual 2.95B USD, estimate 2.96B USD, surprise -0.45%, Miss. Q3 2026, reported Jul 22, 2026: actual 3.18B USD, estimate 3.07B USD, surprise +3.42%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate 3.19B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Recent analyst actions

12 institutions
Rothschild & CoupgradeNeutralBuy

WAB peers

ETFs holding WAB

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