WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

Listed Company

WABCIK 0000943452NYSELarge AcceleratedRailroad EquipmentDelawareFY ends Dec 31

Period

FY 2025

Revenue

$11.17B

Net Income

$1.17B

Total Assets

$22.07B

Equity

$11.14B

Shares Out

169.68M

Op. Cash Flow

$1.76B

WAB$262.10+23.27% · past yearDBEQ Basic

Daily closing prices

Business

Wabtec Corporation is a global provider of technology-based locomotives, equipment, systems and services for freight rail and passenger transit industries, as well as mining, marine and industrial markets. The company manufactures diesel-electric and alternative-fuel locomotives, freight car components, transit vehicle systems, braking equipment, digital intelligence solutions and provides aftermarket maintenance and overhaul services. Wabtec operates through two reportable segments—Freight and Transit—serving railroads, transit authorities, equipment manufacturers and industrial customers worldwide, with the majority of sales in both segments derived from recurring aftermarket business supported by a substantial installed base of locomotives.

Summary from 10-K filed 2026-02-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total net sales	11,167	10,387	9,677	8,362	7,822
Total cost of sales	−7,361	−7,021	−6,733	−5,822	−5,453
Gross profit	3,806	3,366	2,944	2,540	2,369
Selling, general and administrative expenses	−1,490	−1,248	−1,139	−1,029	−1,030
Engineering expenses	−223	−206	−218	−209	−176
Amortization expense	−300	−303	−321	−291	−287
Total operating expenses	−2,013	−1,757	−1,678	−1,529	−1,493
Income from operations	1,793	1,609	1,266	1,011	876
Interest expense, net	−225	−201	−218	−186	—
Other income, net	24	2	44	29	38
Income (loss) before income taxes	1,592	1,410	1,092	854	737
Income tax expense	−409	−343	−267	−213	−172
Net income	1,183	1,067	825	641	565
Less: Net income attributable to noncontrolling interest	−13	−11	−10	−8	−7
Net income attributable to Wabtec shareholders	1,170	1,056	815	633	558
Net income attributable to Wabtec shareholders (in dollars per share)	6.84	6.05	4.54	3.46	2.96
Net income attributable to Wabtec shareholders (in dollars per share)	6.83	6.04	4.53	3.46	2.96
Basic (in shares)	171	174	179	182	188
Diluted (in shares)	171	175	180	183	188

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash, cash equivalents and restricted cash	789	715	620	541	473
Accounts receivable	1,410	1,152	1,160	975	1,085
Unbilled accounts receivable	487	550	524	544	392
Inventories, net	2,745	2,314	2,284	2,034	1,689
Other current assets	263	212	267	233	193
Total current assets	5,694	4,943	4,855	4,327	3,832
Property, plant and equipment, net	1,616	1,447	1,485	1,429	1,497
Goodwill	10,216	8,710	8,780	8,508	8,587
Other intangible assets, net	3,838	2,934	3,205	3,402	3,705
Other noncurrent assets	705	668	663	850	833
Total noncurrent assets	16,375	13,759	14,133	14,189	14,622
Total Assets	22,069	18,702	18,988	18,516	18,454
Accounts payable	1,402	1,300	1,250	1,301	1,012
Customer deposits	1,015	693	804	772	629
Accrued compensation	490	425	341	300	335
Accrued warranty	266	248	220	215	228
Current portion of long-term debt	1,250	500	781	251	2
Other accrued liabilities	727	626	660	628	704
Total current liabilities	5,150	3,792	4,056	3,467	2,910
Long-term debt	4,291	3,480	3,288	3,751	4,056
Deferred income taxes	606	376	318	326	288
Other long-term liabilities	832	921	740	721	743
Total Liabilities	10,879	8,569	8,464	8,369	8,215
Commitments and contingencies (Note 18)	—	—	—	—	—
Common stock, $.01 par value; 500.0 shares authorized; 171.9 shares issued and 170.6 outstanding at December 31, 2025; 226.9 shares issued and 171.3 outstanding at December 31, 2024	1	2	2	2	2
Additional paid-in capital	8,069	8,023	7,977	7,953	7,916
Treasury stock, at cost, 1.3 and 55.6 shares, at December 31, 2025 and 2024, respectively	−190	−3,273	−2,171	−1,769	−1,306
Retained earnings	3,878	6,185	5,269	4,577	4,055
Accumulated other comprehensive loss	−616	−846	−590	−661	−466
Total Westinghouse Air Brake Technologies Corporation shareholders equity	11,142	10,091	10,487	10,102	10,201
Noncontrolling interest	48	42	37	45	38
Total Equity	11,190	10,133	10,524	10,147	10,239
Total Liabilities and Equity	22,069	18,702	18,988	18,516	18,454

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	501	503	531	479	491
Stock-based compensation expense	80	66	47	41	46
Net loss on business disposition	38	0	0	—	—
Net gain on mark-to-market derivatives	−19	0	0	—	—
Below market intangible amortization	−44	−44	−54	−53	−50
Deferred income taxes	11	51	−58	36	88
Net loss on disposal of property, plant and equipment	2	4	7	3	−4
Accounts receivable and unbilled accounts receivable	−36	−34	−195	−52	−76
Inventories	−182	−117	−58	−368	−41
Accounts payable	34	70	−58	306	109
Accrued income taxes	6	21	1	7	−4
Current and noncurrent customer deposits	146	113	116	142	—
Other accrued liabilities	36	124	57	−36	—
Other operating activities	3	10	40	−108	−135
Net cash provided by operating activities	1,759	1,834	1,201	1,038	1,073
Acquisitions of businesses, net of cash acquired	−2,520	−168	−308	−89	−435
Purchase of property, plant and equipment	−260	−207	−186	−149	−130
Proceeds from dispositions of businesses, net of cash disposed	8	19	0	0	—
Settlement of foreign currency derivatives related to acquisition	20	0	0	—	—
Proceeds from disposal of property, plant and equipment	5	13	2	3	25
Net cash used for investing activities	−2,747	−343	−492	−235	−540
Proceeds from debt, net of issuance costs	4,708	2,258	5,563	6,087	5,391
Payments of debt	−3,224	−2,322	−5,521	−6,117	−5,552
Repurchase of stock	−223	−1,097	−409	−473	−300
Cash dividends	−173	−140	−123	−111	−92
Payment of contingent consideration	0	−42	−112	−101	−99
Payment of income tax withholding on share-based compensation	−40	−25	−16	−7	−7
Distribution to noncontrolling interest	−6	−6	−17	0	0
Other financing activities	−11	3	2	14	6
Net cash provided by (used for) financing activities	1,031	−1,371	−633	−708	−653
Effect of changes in currency exchange rates on cash	31	−25	3	−27	−6
Increase in cash	74	95	79	68	−126

Filings

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Frequently asked questions

What is WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP's CIK number?

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP's SEC CIK number is 0000943452 (943452). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP's SEC filings?

All of WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP last report earnings?

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-026384). This is WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP's most recent earnings filing of record — not a forecast of its next earnings date.

What is WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP's most recent earnings 8-K?

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP's latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0001628280-26-026384. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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