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WAB (Westinghouse Air Brake Technologies Corporation) Stock Financials & Earnings | Market Cap Arena
WAB
Westinghouse Air Brake Technologies Corporation
Mkt Cap
$43B
Industrials
·
Railroads
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$11.2B
Net Income (TTM)
$1.2B
EPS (TTM)
$6.83
Free Cash Flow (TTM)
$1.6B
Gross Margin
33.4%
Op. Margin
16.2%
Net Margin
10.5%
FCF Margin
14.7%
P/S Ratio (TTM)
3.8x
P/E Ratio (TTM)
36.5x
YoY Rev Growth
+7.5%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$2.2B
$665M
$276M
Q2 23
$2.4B
$723M
$312M
Q3 23
$2.5B
$792M
$370M
Q4 23
$2.5B
$764M
$308M
Q1 24
$2.5B
$815M
$412M
Q2 24
$2.6B
$874M
$430M
Q3 24
$2.7B
$880M
$433M
Q4 24
$2.6B
$797M
$334M
Q1 25
$2.6B
$900M
$474M
Q2 25
$2.7B
$938M
$472M
Q3 25
$2.9B
$1.0B
$491M
Q4 25
$3.0B
$889M
$373M
marketcaparena.com
Revenue Breakdown
WAB
Westinghouse Air Brake Technologies Corporation
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
4.9x
65.4x
Q2 23
4.8x
63.0x
Q3 23
4.5x
56.3x
Q4 23
4.4x
52.4x
Q1 24
4.3x
46.5x
Q2 24
4.2x
42.0x
Q3 24
4.1x
40.3x
Q4 24
4.1x
40.4x
Q1 25
4.1x
38.6x
Q2 25
4.0x
37.0x
Q3 25
4.0x
36.2x
Q4 25
3.8x
36.5x
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
-$25M
-$57M
Q2 23
$115M
$77M
Q3 23
$425M
$386M
Q4 23
$686M
$609M
Q1 24
$334M
$303M
Q2 24
$235M
$189M
Q3 24
$542M
$496M
Q4 24
$723M
$639M
Q1 25
$191M
$147M
Q2 25
$209M
$170M
Q3 25
$367M
$450M
Q4 25
$992M
$870M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$32M
Q2 23
$38M
Q3 23
$39M
Q4 23
$77M
Q1 24
$31M
Q2 24
$46M
Q3 24
$46M
Q4 24
$84M
Q1 25
$44M
Q2 25
$39M
Q3 25
$83M
Q4 25
$122M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+13.9%
+13.6%
Q2 23
+17.5%
+17.4%
Q3 23
+22.5%
+19.8%
Q4 23
+9.5%
+7.7%
Q1 24
+13.8%
+8.7%
Q2 24
+9.8%
+5.7%
Q3 24
+4.4%
+2.3%
Q4 24
+2.3%
+1.4%
Q1 25
+4.5%
+2.4%
Q2 25
+2.3%
+0.9%
Q3 25
+8.4%
+7.4%
Q4 25
+14.8%
+15.3%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$10M
0.5%
Q2 23
$12M
0.5%
Q3 23
$14M
0.5%
Q4 23
$11M
0.4%
Q1 24
$12M
0.5%
Q2 24
$17M
0.6%
Q3 24
$18M
0.7%
Q4 24
$22M
0.9%
Q1 25
$17M
0.7%
Q2 25
$19M
0.7%
Q3 25
-$36M
-1.2%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
SG&A
Quarter
R&D
G&A
S&M
SG&A
Q1 23
$51M
—
—
$263M
Q2 23
$53M
$284M
—
—
Q3 23
$53M
—
—
$295M
Q4 23
$61M
—
—
$296M
Q1 24
$48M
—
—
$281M
Q2 24
$57M
$314M
$2M
—
Q3 24
$50M
—
—
$318M
Q4 24
$51M
—
—
$333M
Q1 25
$46M
—
—
$307M
Q2 25
$50M
—
—
$347M
Q3 25
$59M
—
—
$375M
Q4 25
$68M
—
—
$448M
marketcaparena.com
Revenue Segments
Freight Segment
Transit Segment
Quarter
Freight Segment
Transit Segment
Q1 23
$1.6B
$639M
Q2 23
$1.7B
$710M
Q3 23
$1.9B
$669M
Q4 23
$1.8B
$738M
Q1 24
$1.8B
$684M
Q2 24
$1.9B
$734M
Q3 24
$1.9B
$756M
Q4 24
$1.8B
$745M
Q1 25
$1.9B
$709M
Q2 25
$1.9B
$787M
Q3 25
$2.1B
$793M
Q4 25
$2.1B
$842M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$410M
$0
$410M
Q2 23
$364M
$0
$364M
Q3 23
$385M
$0
$385M
Q4 23
$620M
$0
$620M
Q1 24
$634M
$0
$634M
Q2 24
$590M
$0
$590M
Q3 24
$401M
$0
$401M
Q4 24
$706M
$0
$706M
Q1 25
$689M
$0
$689M
Q2 25
$1.5B
$0
$1.5B
Q3 25
$528M
$0
$528M
Q4 25
$789M
$0
$789M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
181M
-1.0%
Q2 23
179M
-0.7%
Q3 23
179M
-0.1%
Q4 23
179M
-0.2%
Q1 24
177M
-0.9%
Q2 24
176M
-0.7%
Q3 24
174M
-1.1%
Q4 24
172M
-1.2%
Q1 25
171M
-0.4%
Q2 25
171M
-0.1%
Q3 25
171M
+0.0%
Q4 25
171M
-0.1%
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Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$242K
13K
FY 15
$254K
13K
FY 16
$147K
20K
FY 17
$216K
18K
FY 18
$485K
9K
FY 19
$298K
28K
FY 20
$280K
27K
FY 21
$313K
25K
FY 22
$310K
27K
FY 23
$334K
29K
FY 24
$352K
30K
FY 25
$360K
31K
marketcaparena.com