WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION financials

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WAB CIK 0000943452

Source: EDGAR filings · raw companyfacts JSON · Built 2026-04-25T10:21:04Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 1.50B 1.63B 1.01B 889.00M 943.00M 648.00M
EBITDA 2.29B 2.11B 1.80B 1.49B 1.37B 1.22B
Working Capital 544.00M 1.15B 799.00M 860.00M 922.00M 654.00M
Net Debt — — — — 3.90B 3.94B
Gross Margin 34.08% 32.41% 30.42% 30.38% 30.29% 28.28%
Operating Margin 16.06% 15.49% 13.08% 12.09% 11.20% 9.86%
Net Margin 10.48% 10.17% 8.42% 7.57% 7.13% 5.48%
Return on Equity (ROE) 10.50% 10.46% 7.77% 6.27% 5.47% 4.09%
Return on Assets (ROA) 5.30% 5.65% 4.29% 3.42% 3.02% 2.24%
Current Ratio 1.1056 1.3035 1.197 1.2481 1.3168 1.2027
Debt-to-Equity 0.5325 0.4249 0.4179 0.4292 0.429 0.448
Effective Tax Rate 25.69% 24.33% 24.45% 24.94% 23.34% 26.03%
Cash Conversion Ratio 1.5034 1.7367 1.4736 1.6398 1.9229 1.8937
Accruals Ratio -0.0267 -0.0416 -0.0203 -0.0219 -0.0279 -0.02
SBC % of Revenue 0.72% 0.64% 0.49% 0.49% 0.59% 0.26%
CapEx Coverage 6.7654 8.8599 6.457 6.9664 8.2538 5.7647
Free Cash Flow Per Share $8.76 $9.31 $5.65 $4.86 $5.01 $3.40

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 31.2518 31.3891 28.0132 28.8468 31.1182 33.7327
P/FCF 24.3637 20.3689 22.4419 20.5235 18.3731 21.5079
FCF Yield 4.10% 4.91% 4.46% 4.87% 5.44% 4.65%
EV / EBITDA 18.1162 17.069 14.6493 14.6849 15.3746 14.5841
P/S 3.2609 3.1267 2.3316 2.1628 2.1879 1.83
P/B 3.2682 3.2184 2.1515 1.7903 1.6777 1.3659

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 11.17B 10.39B 9.68B 8.36B 7.82B 7.56B
Cost of Goods and Services Sold 7.36B 7.02B 6.73B 5.82B 5.45B 5.42B
Gross Profit 3.81B 3.37B 2.94B 2.54B 2.37B 2.14B
Research and Development Expense 223.00M 206.00M 218.00M 209.00M 176.00M 162.00M
Selling, General and Administrative Expense 1.49B 1.25B 1.14B 1.03B 1.03B 948.00M
Operating Expenses 2.01B 1.76B 1.68B 1.53B 1.49B 1.39B
Operating Income (Loss) 1.79B 1.61B 1.27B 1.01B 876.00M 745.00M
Income Tax Expense (Benefit) 409.00M 343.00M 267.00M 213.00M 172.00M 145.00M
Net Income (Loss) Attributable to Parent 1.17B 1.06B 815.00M 633.00M 558.00M 414.00M
Earnings Per Share, Basic $6.84 $6.05 $4.54 $3.46 $2.96 $2.18
Weighted Average Number of Shares Outstanding, Basic 170.50M 174.10M 178.80M 182.20M 187.70M 189.90M
Earnings Per Share, Diluted $6.83 $6.04 $4.53 $3.46 $2.96 $2.17
Weighted Average Number of Shares Outstanding, Diluted 171.10M 174.80M 179.50M 182.80M 188.10M 190.40M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value — — — — 473.00M 599.00M
Assets, Current 5.69B 4.94B 4.86B 4.33B 3.83B 3.88B
Assets 22.07B 18.70B 18.99B 18.52B 18.45B 18.45B
Long-term Debt 5.54B 3.98B 4.07B 4.00B 4.06B 4.24B
Liabilities, Current 5.15B 3.79B 4.06B 3.47B 2.91B 3.23B
Long-term Debt, Excluding Current Maturities 4.29B 3.48B 3.29B 3.75B 4.06B 3.79B
Liabilities 10.88B 8.57B 8.46B 8.37B 8.21B 8.30B
Stockholders' Equity Attributable to Parent 11.14B 10.09B 10.49B 10.10B 10.20B 10.12B
Common Stock, Shares, Outstanding 170.60M 171.30M 177.80M 181.20M 185.80M 188.90M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 1.76B 1.83B 1.20B 1.04B 1.07B 784.00M
Payments to Acquire Property, Plant, and Equipment 260.00M 207.00M 186.00M 149.00M 130.00M 136.00M
Net Cash Provided by (Used in) Investing Activities -2.75B -343.00M -492.00M -235.00M -540.00M -155.00M
Payments for Repurchase of Common Stock 223.00M 1.10B 409.00M 473.00M 300.00M 207.00M
Net Cash Provided by (Used in) Financing Activities 1.03B -1.37B -633.00M -708.00M -653.00M -619.00M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

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Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

Income Statement

25 concepts 3 units
Unit US$ · 20 concepts
Label Value Period
Revenue from Contract with Customer, Excluding Assessed Tax 2.95B 2026-01-01 → 2026-03-31
Cost of Goods and Services Sold 1.89B 2026-01-01 → 2026-03-31
Gross Profit 1.06B 2026-01-01 → 2026-03-31
Research and Development Expense 56.00M 2026-01-01 → 2026-03-31
Amortization of Intangible Assets 87.00M 2026-01-01 → 2026-03-31
Depreciation, Depletion and Amortization, Nonproduction 139.00M 2026-01-01 → 2026-03-31
Selling, General and Administrative Expense 401.00M 2026-01-01 → 2026-03-31
Operating Expenses 544.00M 2026-01-01 → 2026-03-31
Operating Income (Loss) 517.00M 2026-01-01 → 2026-03-31
Other Nonoperating Income (Expense) 1.00M 2026-01-01 → 2026-03-31
Nonoperating Income (Expense) 23.00M 2026-01-01 → 2026-03-31
InterestExpenseNonoperating 71.00M 2026-01-01 → 2026-03-31
Income (Loss) from Equity Method Investments 2.00M 2026-01-01 → 2026-03-31
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 469.00M 2026-01-01 → 2026-03-31
Income Tax Expense (Benefit) 106.00M 2026-01-01 → 2026-03-31
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 363.00M 2026-01-01 → 2026-03-31
Net Income (Loss) Attributable to Noncontrolling Interest 1.00M 2026-01-01 → 2026-03-31
Net Income (Loss) Attributable to Parent 362.00M 2026-01-01 → 2026-03-31
Net Income (Loss) Available to Common Stockholders, Basic 361.00M 2026-01-01 → 2026-03-31
Net Income (Loss) Allocated to General Partners -1.00M 2026-01-01 → 2026-03-31
Unit shares · 2 concepts
Label Value Period
Weighted Average Number of Shares Outstanding, Basic 170.00M 2026-01-01 → 2026-03-31
Weighted Average Number of Shares Outstanding, Diluted 170.70M 2026-01-01 → 2026-03-31
Unit US$ / share · 3 concepts
Label Value Period
Earnings Per Share, Basic $2.12 2026-01-01 → 2026-03-31
Earnings Per Share, Diluted $2.12 2026-01-01 → 2026-03-31
Common Stock, Dividends, Per Share, Cash Paid $0.31 2026-01-01 → 2026-03-31

Comprehensive Income

7 concepts 1 unit
Unit US$ · 7 concepts
Label Value Period
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Parent -74.00M 2026-01-01 → 2026-03-31
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Tax, after Reclassification Adjustment, Attributable to Parent 0 2026-01-01 → 2026-03-31
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, before Tax, Parent 1.00M 2026-01-01 → 2026-03-31
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent -73.00M 2026-01-01 → 2026-03-31
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent 0 2026-01-01 → 2026-03-31
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent -73.00M 2026-01-01 → 2026-03-31
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 289.00M 2026-01-01 → 2026-03-31

Balance Sheet

46 concepts 3 units
Unit US$ · 41 concepts
Label Value Period
Restricted Cash 10.00M as of 2026-03-31
Accounts Receivable, after Allowance for Credit Loss, Current 1.78B as of 2026-03-31
Inventory, Net 2.85B as of 2026-03-31
Contract with Customer, Asset, after Allowance for Credit Loss, Current 468.00M as of 2026-03-31
Other Assets, Current 340.00M as of 2026-03-31
Assets, Current 5.97B as of 2026-03-31
Property, Plant and Equipment, Net 1.65B as of 2026-03-31
Contract with Customer, Asset, after Allowance for Credit Loss 598.00M as of 2026-03-31
Goodwill 10.63B as of 2026-03-31
Finite-Lived Intangible Assets, Gross 5.31B as of 2026-03-31
Finite-Lived Intangible Assets, Accumulated Amortization 1.98B as of 2026-03-31
Finite-Lived Intangible Assets, Net 3.33B as of 2026-03-31
Intangible Assets, Net (Excluding Goodwill) 4.24B as of 2026-03-31
Contract with Customer, Asset, after Allowance for Credit Loss, Noncurrent 130.00M as of 2026-03-31
Other Assets, Noncurrent 706.00M as of 2026-03-31
SupplierFinanceProgramObligation 268.00M as of 2026-03-31
Contract with Customer, Liability 1.29B as of 2026-03-31
Operating Lease, Liability 379.00M as of 2026-03-31
Assets, Noncurrent 17.22B as of 2026-03-31
Assets 23.20B as of 2026-03-31
Accounts Payable, Current 1.42B as of 2026-03-31
Employee-related Liabilities, Current 515.00M as of 2026-03-31
Contract with Customer, Liability, Current 1.01B as of 2026-03-31
Long-term Debt 6.54B as of 2026-03-31
Long-term Debt, Current Maturities 1.83B as of 2026-03-31
Provision for Loss on Contracts 61.00M as of 2026-03-31
Liabilities, Current 5.83B as of 2026-03-31
Long-term Debt, Excluding Current Maturities 4.71B as of 2026-03-31
Contract with Customer, Liability, Noncurrent 224.00M as of 2026-03-31
Deferred Income Tax Liabilities, Net 729.00M as of 2026-03-31
Other Liabilities, Noncurrent 773.00M as of 2026-03-31
Liabilities 12.04B as of 2026-03-31
Common Stock, Value, Issued 1.00M as of 2026-03-31
Additional Paid in Capital, Common Stock 8.02B as of 2026-03-31
Treasury Stock, Common, Value 416.00M as of 2026-03-31
Accumulated Other Comprehensive Income (Loss), Net of Tax -689.00M as of 2026-03-31
Retained Earnings (Accumulated Deficit) 4.19B as of 2026-03-31
Stockholders' Equity Attributable to Parent 11.10B as of 2026-03-31
Stockholders' Equity Attributable to Noncontrolling Interest 48.00M as of 2026-03-31
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 11.15B as of 2026-03-31
Liabilities and Equity 23.20B as of 2026-03-31
Unit shares · 4 concepts
Label Value Period
Common Stock, Shares Authorized 500.00M as of 2026-03-31
Common Stock, Shares, Issued 171.90M as of 2026-03-31
Common Stock, Shares, Outstanding 169.90M as of 2026-03-31
Treasury Stock, Common, Shares 2.00M as of 2026-03-31
Unit US$ / share · 1 concept
Label Value Period
Common Stock, Par or Stated Value Per Share $0.01 as of 2026-03-31

Cash Flow Statement

27 concepts 1 unit
Unit US$ · 27 concepts
Label Value Period
Unrealized Gain (Loss) on Derivatives 2.00M 2026-01-01 → 2026-03-31
Foreign Currency Transaction Gain (Loss), Realized 16.00M 2026-01-01 → 2026-03-31
Share-based Payment Arrangement, Noncash Expense 22.00M 2026-01-01 → 2026-03-31
Proceeds from (Repayments of) Accounts Receivable Securitization 445.00M 2026-01-01 → 2026-03-31
Lease Obligation Incurred 6.00M 2026-01-01 → 2026-03-31
Increase (Decrease) in Accounts Receivable 305.00M 2026-01-01 → 2026-03-31
Increase (Decrease) in Inventories 28.00M 2026-01-01 → 2026-03-31
Increase (Decrease) in Contract with Customer, Liability -64.00M 2026-01-01 → 2026-03-31
Increase (Decrease) in Accounts Payable 20.00M 2026-01-01 → 2026-03-31
Increase (Decrease) in Accrued Liabilities 12.00M 2026-01-01 → 2026-03-31
Increase (Decrease) in Income Taxes Payable 62.00M 2026-01-01 → 2026-03-31
Increase (Decrease) in Other Operating Assets and Liabilities, Net 12.00M 2026-01-01 → 2026-03-31
Net Cash Provided by (Used in) Operating Activities 199.00M 2026-01-01 → 2026-03-31
Payments to Acquire Property, Plant, and Equipment 46.00M 2026-01-01 → 2026-03-31
Payments to Acquire Businesses, Net of Cash Acquired 1.06B 2026-01-01 → 2026-03-31
Payments for (Proceeds from) Other Investing Activities -3.00M 2026-01-01 → 2026-03-31
Net Cash Provided by (Used in) Investing Activities -1.10B 2026-01-01 → 2026-03-31
Proceeds from Issuance of Long-term Debt and Capital Securities, Net 1.68B 2026-01-01 → 2026-03-31
Repayment of Long-term Debt, Long-term Lease Obligation, and Capital Security 670.00M 2026-01-01 → 2026-03-31
Payments for Repurchase of Common Stock 242.00M 2026-01-01 → 2026-03-31
Payments of Ordinary Dividends, Common Stock 53.00M 2026-01-01 → 2026-03-31
Payment, Tax Withholding, Share-based Payment Arrangement 53.00M 2026-01-01 → 2026-03-31
Proceeds from (Payments for) Other Financing Activities -8.00M 2026-01-01 → 2026-03-31
Net Cash Provided by (Used in) Financing Activities 656.00M 2026-01-01 → 2026-03-31
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents -8.00M 2026-01-01 → 2026-03-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -258.00M 2026-01-01 → 2026-03-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 531.00M as of 2026-03-31

Notes

47 concepts 6 units
Unit US$ · 38 concepts
Label Value Period
Other Accrued Liabilities, Current 792.00M as of 2026-03-31
Share-based Payment Arrangement, Expense 30.00M 2026-01-01 → 2026-03-31
Contract with Customer, Asset, Increase (Decrease) for Contract Acquired in Business Combination 3.00M 2026-01-01 → 2026-03-31
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount 154.00M as of 2026-03-31
Inventory, Finished Goods, Net of Reserves 857.00M as of 2026-03-31
Inventory, Work in Process, Net of Reserves 698.00M as of 2026-03-31
Contract with Customer, Asset, Reclassified to Receivable 189.00M 2026-01-01 → 2026-03-31
Inventory, Raw Materials, Net of Reserves 1.29B as of 2026-03-31
Contract with Customer, Liability, Revenue Recognized 270.00M 2026-01-01 → 2026-03-31
Contract with Customer, Liability, Increase (Decrease) for Contract Acquired in Business Combination 19.00M 2026-01-01 → 2026-03-31
SegmentExpenditureAdditionToLongLivedAssets 46.00M 2026-01-01 → 2026-03-31
Dividends, Common Stock, Cash 53.00M 2026-01-01 → 2026-03-31
Finite-Lived Intangible Asset, Expected Amortization, Year One 356.00M as of 2026-03-31
Finite-Lived Intangible Asset, Expected Amortization, Year Two 354.00M as of 2026-03-31
Finite-Lived Intangible Asset, Expected Amortization, Year Three 352.00M as of 2026-03-31
Finite-Lived Intangible Asset, Expected Amortization, Year Four 339.00M as of 2026-03-31
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year 270.00M as of 2026-03-31
Treasury Stock, Value, Acquired, Cost Method 243.00M 2026-01-01 → 2026-03-31
Net Income (Loss) Available to Common Stockholders, Diluted 361.00M 2026-01-01 → 2026-03-31
Indefinite-Lived Trademarks 906.00M as of 2026-03-31
Standard and Extended Product Warranty Accrual 292.00M as of 2026-03-31
Standard and Extended Product Warranty Accrual, Increase for Warranties Issued 27.00M 2026-01-01 → 2026-03-31
Standard and Extended Product Warranty Accrual, Decrease for Payments 27.00M 2026-01-01 → 2026-03-31
Standard and Extended Product Warranty Accrual, Additions from Business Acquisition 6.00M 2026-01-01 → 2026-03-31
Standard and Extended Product Warranty Accrual, Foreign Currency Translation Gain (Loss) -3.00M 2026-01-01 → 2026-03-31
Product Warranty Accrual, Current 269.00M as of 2026-03-31
Goodwill, Foreign Currency Translation Gain (Loss) -72.00M 2026-01-01 → 2026-03-31
Goodwill, Purchase Accounting Adjustments 481.00M 2026-01-01 → 2026-03-31
Operating Lease, Cost 21.00M 2026-01-01 → 2026-03-31
Lessee, Operating Lease, Liability, to be Paid, Year One 68.00M as of 2026-03-31
Lessee, Operating Lease, Liability, to be Paid, Year Two 58.00M as of 2026-03-31
Lessee, Operating Lease, Liability, to be Paid, Year Three 50.00M as of 2026-03-31
Lessee, Operating Lease, Liability, to be Paid, Year Four 43.00M as of 2026-03-31
Lessee, Operating Lease, Liability, to be Paid 433.00M as of 2026-03-31
Lessee, Operating Lease, Liability, to be Paid, Remainder of Fiscal Year 59.00M as of 2026-03-31
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 54.00M as of 2026-03-31
Debt Issuance Costs, Net 24.00M as of 2026-03-31
APIC, Share-based Payment Arrangement, Increase for Cost Recognition 22.00M 2026-01-01 → 2026-03-31
Unit shares · 1 concept
Label Value Period
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number 85,947 as of 2026-03-31
Unit US$ / share · 4 concepts
Label Value Period
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value $188.89 as of 2026-03-31
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value $253.99 2026-01-01 → 2026-03-31
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value $119.21 2026-01-01 → 2026-03-31
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value $151.17 2026-01-01 → 2026-03-31
Unit pure · 2 concepts
Label Value Period
Effective Income Tax Rate Reconciliation, Percent 0.227 2026-01-01 → 2026-03-31
Operating Lease, Weighted Average Discount Rate, Percent 0.036 as of 2026-03-31
Unit country · 1 concept
Label Value Period
Number of Countries in which Entity Operates 50 as of 2026-03-31
Unit segment · 1 concept
Label Value Period
Number of Reportable Segments 2 2026-01-01 → 2026-03-31

Other

2 concepts 2 units
Unit US$ · 1 concept
Label Value Period
Stockholders' Equity, Other 1.00M 2026-01-01 → 2026-03-31
Unit shares · 1 concept
Label Value Period
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures 0 2026-01-01 → 2026-03-31

Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (WAB CIK 0000943452), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.