A Business at a Glance
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Item 1.BUSINESS Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, is a Delaware corporation with headquarters at 30 Isabella Street in Pittsburgh, Pennsylvania. Our telephone number is 412-825-1000, and our website is located at www.wabteccorp.com. Wabtec has approximately 31,000 employees, excluding contingent workers, and operations in over 50 countries. Except as the context otherwise requires, all references to “we”, “our”, “us”, the “Company” and “Wabtec” refer to Westinghouse Air Brake Technologies Corporation and its consolidated subsidiaries. George Westinghouse founded the original Westinghouse Air Brake Co. in 1869 when he invented the air brake. Westinghouse Air Brake Company (“WABCO”) was formed in 1990 when it acquired certain assets and operations from American Standard, Inc., now known as Trane (“Trane”). The Company went public on the New York Stock Exchange in 1995.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 11.2B | 11.2B | 10.4B | 9.7B | 8.4B | 7.8B |
| Net Income | 1.2B | 1.2B | 1.1B | 815M | 633M | 558M |
| EPS | $6.83 | $6.83 | $6.04 | $4.53 | $3.46 | $2.96 |
| Free Cash Flow | 1.5B | 1.5B | 1.6B | 1.0B | 889M | 943M |
| ROIC | 7.7% | 8.6% | 8.8% | 6.5% | 5.5% | 4.9% |
| Gross Margin | 34.1% | 34.1% | 32.4% | 30.4% | 30.4% | 30.3% |
| Debt/Equity | 0.61 | 0.61 | 0.44 | 0.46 | 0.42 | 0.40 |
| Dividends/Share | $1.01 | $1.00 | $0.80 | $0.68 | $0.60 | $0.48 |
| Operating Income | 1.8B | 1.8B | 1.6B | 1.3B | 1.0B | 876M |
| Operating Margin | 16.1% | 16.1% | 15.5% | 13.1% | 12.1% | 11.2% |
| ROE | 10.5% | 11.0% | 10.5% | 7.8% | 6.3% | 5.5% |
| Shares Outstanding | 171M | 171M | 175M | 180M | 183M | 189M |
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP passes 4 of 9 quality checks, suggesting mixed fundamentals.
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP trades at 39.4x trailing earnings, compared to its 15-year median P/E of 29.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 30.6x vs a median of 20.6x. The company's 5-year average ROIC is 6.8% with a gross margin of 31.5%. Total shareholder yield (dividends + buybacks) is 0.9%. At current prices, the estimated annualized return to fair value is +16.8%.
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) has a current P/E ratio of 39.4, compared to its historical median P/E of 29.3. The stock is currently considered Expensive based on its historical valuation range.
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) has a 5-year average return on invested capital (ROIC) of 6.8%. This is below average and may indicate limited pricing power.
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) has a market capitalization of $46.1B. It is classified as a large-cap stock.
Yes, WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) pays a dividend with a trailing twelve-month yield of 0.38%. The company also returns capital through share buybacks, with a buyback yield of 0.48%.
Based on historical P/E analysis, WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) appears expensive. The current P/E of 39.4 is 34% above its historical median of 29.3. The estimated fair value CAGR (P/E method) is 18.4%.
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) operates in the Railroad Equipment industry, within the Industrials sector.
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) reported annual revenue of $11.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) has a net profit margin of 10.5%. This is a healthy margin.
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) generated $1.5 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) has a debt-to-equity ratio of 0.61. This indicates moderate leverage.
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) reported earnings per share (EPS) of $6.83 in its most recent fiscal year.
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) has a return on equity (ROE) of 11.0%. This indicates moderate shareholder returns.
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) has a 5-year average gross margin of 31.5%. This indicates decent pricing power.
The Ledger Terminal provides 18 years of financial data for WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) has a book value per share of $65.04, based on its most recent annual SEC filing.
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