WAB
Westinghouse Air Brake Technologies Corp
NYSE: WAB · INDUSTRIALS · RAILROADS
$261.37
-0.69% today
Updated 2026-04-29
Market cap
$44.35B
P/E ratio
37.02
P/S ratio
3.85x
EPS (TTM)
$7.06
Dividend yield
0.40%
52W range
$184 – $276
Volume
1.0M
Westinghouse Air Brake Technologies Corp (WAB) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.09B | $1.36B | $1.57B | $1.40B | $1.51B | $1.97B | $2.39B | $2.57B | $3.04B | $3.31B | $2.93B | $3.88B | $4.36B | $8.20B | $7.56B | $7.82B | $8.36B | $9.68B | $10.39B | $11.17B |
| Revenue growth (YoY) | — | +25.1% | +15.8% | -11.0% | +7.5% | +30.6% | +21.5% | +7.3% | +18.6% | +8.7% | -11.4% | +32.4% | +12.4% | +87.9% | -7.9% | +3.5% | +6.9% | +15.7% | +7.3% | +7.5% |
| Cost of revenue | $790.84M | $990.47M | $1.15B | $1.01B | $1.06B | $1.40B | $1.70B | $1.80B | $2.11B | $2.26B | $2.01B | $2.82B | $3.13B | $5.92B | $5.42B | $5.45B | $5.82B | $6.73B | $7.02B | $7.65B |
| Gross profit | $296.78M | $369.62M | $427.19M | $393.33M | $449.08M | $570.42M | $694.57M | $764.03M | $935.98M | $1.05B | $924.24M | $1.07B | $1.23B | $2.28B | $2.14B | $2.37B | $2.54B | $2.94B | $3.37B | $3.52B |
| Gross margin | 27.3% | 27.2% | 27.1% | 28.1% | 29.8% | 29.0% | 29.0% | 29.8% | 30.7% | 31.7% | 31.5% | 27.4% | 28.3% | 27.8% | 28.3% | 30.3% | 30.4% | 30.4% | 32.4% | 31.5% |
| R&D | $32.70M | $37.43M | $38.98M | $42.45M | $40.20M | $37.19M | $41.31M | $46.29M | $61.89M | $71.21M | $71.38M | $95.17M | $87.45M | $209.90M | $162.10M | $176.00M | $209.00M | $218.00M | $206.00M | $223.00M |
| SG&A | $130.29M | $148.44M | $170.60M | $161.00M | $195.89M | $247.53M | $245.71M | $262.72M | $324.54M | $347.37M | $371.81M | $511.90M | $633.24M | $1.17B | $948.00M | $1.03B | $1.03B | $1.14B | $1.25B | $1.49B |
| Operating income | $130.15M | $179.74M | $212.52M | $180.03M | $202.81M | $270.70M | $392.28M | $437.31M | $527.11M | $607.57M | $456.61M | $421.10M | $473.40M | $663.00M | $745.00M | $876.00M | $1.01B | $1.27B | $1.61B | $1.87B |
| Operating margin | 12.0% | 13.2% | 13.5% | 12.8% | 13.5% | 13.8% | 16.4% | 17.0% | 17.3% | 18.4% | 15.6% | 10.8% | 10.8% | 8.1% | 9.9% | 11.2% | 12.1% | 13.1% | 15.5% | 16.7% |
| EBITDA | $156.04M | $208.88M | $242.34M | $215.55M | $241.34M | $315.17M | $435.75M | $487.62M | $586.69M | $666.99M | $532.93M | $533.20M | $589.10M | $985.00M | $1.14B | $1.35B | $1.47B | $1.79B | $2.07B | $2.37B |
| EBITDA margin | 14.3% | 15.4% | 15.4% | 15.4% | 16.0% | 16.0% | 18.2% | 19.0% | 19.3% | 20.2% | 18.2% | 13.7% | 13.5% | 12.0% | 15.1% | 17.3% | 17.5% | 18.5% | 19.9% | 21.2% |
| EBIT | $130.15M | $179.74M | $212.52M | $180.03M | $202.75M | $270.32M | $391.61M | $436.43M | $525.43M | $602.26M | $463.13M | $430.00M | $479.80M | $666.00M | $756.00M | $914.00M | $1.04B | $1.31B | $1.61B | $1.87B |
| Interest expense | $1.59M | $3.64M | $8.51M | $16.67M | $15.92M | $15.01M | $14.25M | $15.34M | $17.57M | $16.89M | $50.30M | $77.90M | $112.20M | $219.00M | $199.00M | $177.00M | $186.00M | $218.00M | $201.00M | $225.00M |
| Income tax | $40.06M | $63.07M | $73.75M | $48.30M | $63.73M | $85.17M | $125.63M | $128.85M | $156.18M | $186.74M | $99.43M | $89.80M | $75.90M | $120.00M | $145.00M | $172.00M | $213.00M | $267.00M | $343.00M | $409.00M |
| Effective tax rate | 32.1% | 36.5% | 36.1% | 29.6% | 34.1% | 33.4% | 33.3% | 30.6% | 30.8% | 31.9% | 24.6% | 25.5% | 20.5% | 26.8% | 25.9% | 23.6% | 25.2% | 24.7% | 24.5% | 25.9% |
| Net income | $84.80M | $109.57M | $130.55M | $115.06M | $123.10M | $170.15M | $251.73M | $292.24M | $351.68M | $398.63M | $304.89M | $262.30M | $294.90M | $327.00M | $414.00M | $558.00M | $633.00M | $815.00M | $1.06B | $1.17B |
| Net income growth (YoY) | — | +29.2% | +19.1% | -11.9% | +7.0% | +38.2% | +47.9% | +16.1% | +20.3% | +13.3% | -23.5% | -14.0% | +12.4% | +10.9% | +26.6% | +34.8% | +13.4% | +28.8% | +29.6% | +10.8% |
| Profit margin | 7.8% | 8.1% | 8.3% | 8.2% | 8.2% | 8.6% | 10.5% | 11.4% | 11.6% | 12.1% | 10.4% | 6.8% | 6.8% | 4.0% | 5.5% | 7.1% | 7.6% | 8.4% | 10.2% | 10.5% |