Westinghouse Air Brake Technologies Corp (WAB) Financial Statements
Industry: Railroad Equipment
In fiscal 2025, Westinghouse Air Brake Technologies reported revenue of $11.17B, up 7.5% from $10.39B the year before. Net income was $1.17B (a 10.5% net margin), or $6.83 per diluted share. Gross margin was 34.1% and operating margin was 16.1%. Operating activities generated $1.76B of cash, leaving $1.50B of free cash flow. At fiscal year end, Westinghouse Air Brake Technologies held $22.07B in total assets against $10.88B in total liabilities.
Open the full interactive Westinghouse Air Brake Technologies financials → Quarterly statements, key ratios, valuation history and price charts.
Westinghouse Air Brake Technologies Key Stats
| Share Price | $286.51 |
|---|---|
| Market Cap | $48.59B |
| P/E Ratio | 41.9 |
| Revenue YoY Growth | +7.5% |
| 52-Week Range | $192.53 – $305.47 |
| Shares Outstanding | 169.1 million (basic, 2026 Q2) |
Westinghouse Air Brake Technologies Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $7.56B | $7.82B | $8.36B | $9.68B | $10.39B | $11.17B |
| Cost of Goods Sold | $5.42B | $5.45B | $5.82B | $6.73B | $7.02B | $7.36B |
| Gross Profit | $2.14B | $2.37B | $2.54B | $2.94B | $3.37B | $3.81B |
| Operating Income | $744.5M | $876.0M | $1.01B | $1.27B | $1.61B | $1.79B |
| Pre-Tax Income | $557.2M | $737.0M | $854.0M | $1.09B | $1.41B | $1.59B |
| Income Tax | $144.9M | $172.0M | $213.0M | $267.0M | $343.0M | $409.0M |
| Net Income | $414.4M | $558.0M | $633.0M | $815.0M | $1.06B | $1.17B |
| Diluted EPS | $2.17 | $2.96 | $3.46 | $4.53 | $6.04 | $6.83 |
Westinghouse Air Brake Technologies Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.89B | $2.96B | $2.95B | $3.18B |
| Net Income | $310.0M | $202.0M | $362.0M | $395.0M |
| Diluted EPS | $1.81 | $1.18 | $2.12 | $2.33 |
Westinghouse Air Brake Technologies Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $598.7M | $473.0M | — | — | — | — |
| Current Assets | $3.88B | $3.83B | $4.33B | $4.86B | $4.94B | $5.69B |
| Total Assets | $18.45B | $18.45B | $18.52B | $18.99B | $18.70B | $22.07B |
| Current Liabilities | $3.23B | $2.91B | $3.47B | $4.06B | $3.79B | $5.15B |
| Total Long-Term Debt | $4.24B | $4.06B | $4.00B | $4.07B | $3.98B | $5.54B |
| Total Liabilities | $8.30B | $8.21B | $8.37B | $8.46B | $8.57B | $10.88B |
| Shareholders' Equity | $10.12B | $10.20B | $10.10B | $10.49B | $10.09B | $11.14B |
Westinghouse Air Brake Technologies Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $783.7M | $1.07B | $1.04B | $1.20B | $1.83B | $1.76B |
| Cash From Investing | -$155.4M | -$540.0M | -$235.0M | -$492.0M | -$343.0M | -$2.75B |
| Cash From Financing | -$619.0M | -$653.0M | -$708.0M | -$633.0M | -$1.37B | $1.03B |
| Free Cash Flow | $647.3M | $943.0M | $889.0M | $1.01B | $1.63B | $1.50B |
Figures from Westinghouse Air Brake Technologies' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Westinghouse Air Brake Technologies financials page for every line item.
Westinghouse Air Brake Technologies Company Profile
| Ticker | WAB |
|---|---|
| Exchange | NYSE |
| Industry | Railroad Equipment |
| Headquarters | Pittsburgh, Pennsylvania |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000943452 |
Frequently Asked Questions
What was Westinghouse Air Brake Technologies' revenue in fiscal 2025?
Westinghouse Air Brake Technologies (WAB) reported revenue of $11.17B for fiscal 2025.
What is Westinghouse Air Brake Technologies' annual revenue history?
Westinghouse Air Brake Technologies' annual revenue by fiscal year: 2020: $7.56B; 2021: $7.82B; 2022: $8.36B; 2023: $9.68B; 2024: $10.39B; 2025: $11.17B.
What was Westinghouse Air Brake Technologies' net income in fiscal 2025?
Westinghouse Air Brake Technologies reported net income of $1.17B for fiscal 2025.
What was Westinghouse Air Brake Technologies' earnings per share (EPS) in fiscal 2025?
Westinghouse Air Brake Technologies' diluted EPS was $6.83 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Westinghouse Air Brake Technologies generate in fiscal 2025?
Westinghouse Air Brake Technologies generated $1.50B of free cash flow in fiscal 2025.
What was Westinghouse Air Brake Technologies' revenue last quarter?
In its most recent reported quarter (2026 Q2), Westinghouse Air Brake Technologies reported revenue of $3.18B.
How much debt does Westinghouse Air Brake Technologies have?
Westinghouse Air Brake Technologies reported $5.54B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Westinghouse Air Brake Technologies are outstanding?
Westinghouse Air Brake Technologies reported a weighted average of 169.1 million basic shares outstanding in 2026 Q2.
What is Westinghouse Air Brake Technologies' market cap?
Based on its latest closing price, Westinghouse Air Brake Technologies (WAB) has a market capitalization of about $48.59B.
When does Westinghouse Air Brake Technologies' fiscal year end?
Westinghouse Air Brake Technologies' fiscal year end, as registered with the SEC, is December 31.
Where is Westinghouse Air Brake Technologies headquartered?
Westinghouse Air Brake Technologies lists its business address in Pittsburgh, Pennsylvania in its SEC filings.