Westinghouse Air Brake Technologies Corporation
Rank #398HypergrowthWAB · NYSE · Industrials
Westinghouse Air Brake Technologies Corporation (WAB) — Rank #398 by gross profitability (GP/assets 0.16) · ROE 10.4% · Piotroski F-Score 4 / 9.
As-of 2026-09-15 · CIK 0000943452 · all metrics point-in-time as of the filing date.
About
Westinghouse Air Brake Technologies Corporation provides locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide.
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It operates in two segments, Freight and Transit. It offers diesel-electric and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products. The company also offers positive train control equipment; electronically controlled pneumatic braking products; railway electronics; signal design and engineering services; distributed locomotive power, and train cruise and remote controls; industrial/mobile Internet of Things hardware and software, edge-to-cloud, on and off-board analytics and rules, and asset performance management solutions; rail and shipper transportation management, and port visibility and optimization solutions; and network optimization solutions. In addition, it provides freight car trucks, braking equipment, and related components; air compressors and dryers, as well as heating, ventilation, and air conditioning (HVAC) systems; heat transfer components and systems; custom engineered burners and combustion systems; rail gear, signaling, and switch products; and turbochargers. Further, it offers freight locomotive overhauls, modernizations, and refurbishment; locomotive and car maintenance; transit locomotive and car overhaul; unit exchange of locomotive components; long-term parts arrangements; and way equipment maintenance services. Additionally, it provides railway and freight braking equipment and related components; brake shoes, discs, and pads; HVAC equipment; access and platform screen doors; pantographs; power converters and battery chargers; passenger information systems and closed-circuit television; signaling and railway electric relays; and doors, window assemblies, accessibility lifts, ramps, and electric charging solutions for buses.
The company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.
- Industry
- Railroads
- Sector
- Industrials
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- wabteccorp.com
Financials
Weakening
Direction over 5 fiscal years
- Free cash flowimproving
- Gross marginstable
- Gross profitabilitydeteriorating
- Net cashdeteriorating
- Operating margindeteriorating
- Return on equitydeteriorating
- Share count (dilution)deteriorating
Monitoring diagnostic of business direction — not a prediction of returns.
Each fiscal year is read as-of that year’s own 10-K filing, so nothing restated after the fact leaks backwards. Line items this filer never tagged are omitted. Hover or tap a badge for the diagnostic behind it.
| Fiscal year end | 2021-12-31filed 2022-02-17 | 2020-12-31filed 2021-02-19 | 2019-12-31filed 2020-02-24 | 2018-12-31filed 2019-02-27 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 7,822.0 | 7,556.1 | 8,200.0 | 4,363.5 |
| Revenue growth (YoY) | 297.5% | 284.0% | 316.7% | 121.8% |
| Gross profit | 2,369.0 | 2,137.1 | 2,278.0 | 1,233.9 |
| Gross margin | 30.3% | 28.3% | 27.8% | 28.3% |
| Net income | 558.0 | 414.4 | 326.7 | 294.9 |
| Net margin | 7.1% | 5.5% | 4.0% | 6.8% |
| EPS (diluted) | $2.96 | $2.17 | $1.84 | $3.05 |
| EPS growth (YoY) | 36.4% | 17.9% | -39.7% | — |
| Cash flow | ||||
| Operating cash flow | 1,073.0 | 783.7 | 1,015.5 | 314.7 |
| Capital expenditures | 130.0 | 136.4 | 185.3 | 93.3 |
| Free cash flow | 943.0 | 647.3 | 830.2 | 221.4 |
Figures are as originally filed with the SEC (point-in-time), not restated, so they can differ slightly from sites that show later-restated numbers. Why point-in-time?