“...pleasure and pain, they come and go and don't last... bear them patiently”
—Gita
Pathos InvestmentsEquity Research
Research  ›  Fact Sheets  ›  WAB

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

LISTEDNYSE
SYMBOLWAB
SIC3743
STATE OF INC.DE
FISCAL YEAR ENDSDecember 31
CIK943452

RAILROAD EQUIPMENT · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

REVENUES, NET INCOME AND FREE CASH FLOW BY FISCAL YEAR$ billions025810122016201720182019202020212022202320242025RevenuesNet incomeFree cash flowEARNINGS AND DIVIDENDS PER SHARE$ per share0.002.004.006.008.002016201720182019202020212022202320242025EPS dilutedDividends per share

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.

CAPITALIZATION 12/31/25

($ millions)Amount%
Total debt5,54133.2
Stockholders' equity11,14266.8
Total capitalization16,683100.0

168,910,851 shares outstanding at 17 July 2026 (cover page of the 10-Q filed 22 July 2026).

LONG-TERM DEBT 12/31/25

($ millions)Amount
Long-term debt, incl. current maturities5,541
Long-term debt, noncurrent4,291
Current maturities1,250

CAPITAL STOCK 12/31/25

Common shares authorized500,000,000
Common shares issued171,900,000
Treasury shares1,300,000
Par or stated value per share ($)0.01
Outstanding at 7/17/26168,910,851

DIVIDENDS DECLARED/PAID

Fiscal yearPer share $Payout %
20251.0014.6
20240.8013.2
20230.6815.0
20220.6017.3
20210.4816.2

HISTORY AND BUSINESS

HISTORY: Incorporated in Delaware. Formerly known as WABTEC CORP (to 14 January 2000); WESTINGHOUSE AIR BRAKE CO /DE/ (to 19 November 1999).

BUSINESS: Classified by the SEC under Standard Industrial Classification 3743, Railroad Equipment. Large accelerated filer. Principal executive office: 30 Isabella Street, Pittsburgh, PA 15212. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)12/31/2512/31/2412/31/23
Revenues11,16710,3879,677
Cost of revenues7,3617,0216,733
Gross profit3,8063,3662,944
Research and development223206218
Selling, general and administrative1,4901,2481,139
Depreciation and amortization501503531
Operating income1,7931,6091,266
Interest expense225201218
Income before income taxes1,5921,4101,092
Income taxes409343267
Net income1,1701,056815
Earned per share, diluted ($)6.836.044.53
Dividends per share ($)1.000.800.68

CONSOLIDATED BALANCE SHEET

($ millions)12/31/2512/31/24
Receivables, net1,4101,152
Inventories2,7452,314
Total current assets5,6944,943
Property, plant and equipment, net1,6161,447
Goodwill10,2168,710
Total assets22,06918,702
Total current liabilities5,1503,792
Long-term debt4,2913,480
Total liabilities10,8798,569
Stockholders' equity11,14210,091
Total liabilities and equity22,06918,702

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year endedRevenuesOper. incomeNet incomeNet margin %EPS diluted $Div. per share $Oper. cash flowCapital expend.Free cash flowTotal assetsTotal liabilitiesTotal debtStockholders' equityROE %Debt / equity
12/31/2511,1671,7931,17010.56.831.001,7592601,49922,06910,8795,54111,14210.50.50
12/31/2410,3871,6091,05610.26.040.801,8342071,62718,7028,5693,98010,09110.50.39
12/31/239,6771,2668158.44.530.681,2011861,01518,9888,4644,06910,4877.80.39
12/31/228,3621,0116337.63.460.601,03814988918,5168,3694,00210,1026.30.40
12/31/217,8228765587.12.960.481,07313094318,4548,2154,05810,2015.50.40
12/31/207,5567454145.52.170.4878413664818,4548,3014,23910,1234.10.42
12/31/198,2006633274.01.840.481,01618683018,9448,9514,4299,9563.30.44
12/31/184,3644732956.83.050.48315932218,6495,7803,8572,86510.31.35
12/31/173,8824212626.82.720.4418990996,5803,7511,8712,8099.30.67
12/31/162,93145730510.43.340.36451504006,5813,6041,8932,20613.80.86

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
CIK 943452 · EIN 25-1615902

PRINCIPAL OFFICE:

30 Isabella Street, Pittsburgh, PA 15212
Tel.: 4128251000

INCORPORATED:

Delaware

INDUSTRY (SEC SIC CODE):

3743 · Railroad Equipment

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 12/31/25, filed 13 February 2026

FORMER NAMES:

WABTEC CORP; WESTINGHOUSE AIR BRAKE CO /DE/

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

10/1/268-Kperiod 10/1/26
7/22/2610-Qperiod 6/30/26
7/22/268-Kperiod 7/22/26
5/15/268-Kperiod 5/12/26
4/22/2610-Qperiod 3/31/26
4/22/268-Kperiod 4/22/26
3/31/26DEF 14Aperiod 5/12/26
3/3/268-Kperiod 3/3/26

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/13/26) · 10-K FY2024 (filed 2/12/25) · 10-K FY2023 (filed 2/14/24) · 10-K FY2022 (filed 2/15/23) · 10-K FY2021 (filed 2/17/22) · 10-K FY2020 (filed 2/19/21) · 10-K FY2019 (filed 2/24/20) · 10-K FY2018 (filed 2/27/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.

Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.

Data from SEC filings  ·  Educational only  ·  Not investment advice