Wabtec (WAB)

NYSE Industrials Construction Machinery & Heavy Transportation Equipment S&P 500

$283.59

+5.11 (+1.83%)

Close of Nov 06, 2026 · end-of-day data

Source: Wabtec's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$2.93B	$3.88B	$4.36B	$8.20B	$7.56B	$7.82B	$8.36B	$9.68B	$10.39B	$11.17B
Cost of revenue	$2.01B	$2.82B	$3.13B	$5.92B	$5.42B	$5.45B	$5.82B	$6.73B	$7.02B	$7.36B
Gross profit	$924.24M	$1.07B	$1.23B	$2.28B	$2.14B	$2.37B	$2.54B	$2.94B	$3.37B	$3.81B
Research & development	$71.38M	$95.20M	$87.50M	$210.00M	$162.00M	$176.00M	$209.00M	$218.00M	$206.00M	$223.00M
Selling, general & admin	$373.56M	$512.50M	$633.20M	$1.17B	$948.00M	$1.03B	$1.03B	$1.14B	$1.25B	$1.49B
Operating income	$456.61M	$421.10M	$473.40M	$663.00M	$745.00M	$876.00M	$1.01B	$1.27B	$1.61B	$1.79B
Interest expense	—	—	—	—	—	—	$186.00M	$218.00M	$201.00M	$225.00M
Pre-tax income	$412.84M	$352.10M	$367.60M	$447.00M	$557.00M	$737.00M	$854.00M	$1.09B	$1.41B	$1.59B
Income tax	$99.43M	$89.80M	$75.90M	$120.00M	$145.00M	$172.00M	$213.00M	$267.00M	$343.00M	$409.00M
Net income	$304.89M	$262.30M	$294.90M	$327.00M	$414.00M	$558.00M	$633.00M	$815.00M	$1.06B	$1.17B
EBITDA	$526.40M	$524.30M	$582.70M	$1.06B	$1.22B	$1.37B	$1.49B	$1.80B	$2.11B	$2.29B
EPS (basic)	$3.37	$2.74	$3.06	$1.91	$2.18	$2.96	$3.46	$4.54	$6.05	$6.84
EPS (diluted)	$3.34	$2.72	$3.05	$1.84	$2.17	$2.96	$3.46	$4.53	$6.04	$6.83
Diluted shares	91.14M	96.10M	96.50M	177.30M	190.40M	188.10M	182.80M	179.50M	174.80M	171.10M
Gross margin	31.5%	27.4%	28.3%	27.8%	28.3%	30.3%	30.4%	30.4%	32.4%	34.1%
Operating margin	15.6%	10.8%	10.8%	8.1%	9.9%	11.2%	12.1%	13.1%	15.5%	16.1%
Net margin	10.4%	6.8%	6.8%	4.0%	5.5%	7.1%	7.6%	8.4%	10.2%	10.5%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$398.48M	$233.40M	$580.90M	$604.20M	$599.00M	$473.00M	$541.00M	$620.00M	$715.00M	$789.00M
Receivables	$667.60M	$800.62M	$801.20M	$1.15B	$969.00M	$1.08B	$975.00M	$1.16B	$1.15B	$1.41B
Inventory	$658.51M	$742.63M	$844.90M	$1.77B	$1.64B	$1.69B	$2.03B	$2.28B	$2.31B	$2.75B
Total current assets	$2.87B	$2.27B	$4.45B	$4.19B	$3.88B	$3.83B	$4.33B	$4.86B	$4.94B	$5.69B
Goodwill	$2.08B	$2.46B	$2.40B	$8.36B	$8.48B	$8.59B	$8.51B	$8.78B	$8.71B	$10.22B
Total assets	$6.58B	$6.58B	$8.65B	$18.94B	$18.45B	$18.45B	$18.52B	$18.99B	$18.70B	$22.07B
Total current liabilities	$1.45B	$1.57B	$1.65B	$3.26B	$3.23B	$2.91B	$3.47B	$4.06B	$3.79B	$5.15B
Short-term debt	$129.81M	$47.23M	$64.10M	$95.70M	$447.00M	$2.00M	$251.00M	$781.00M	$500.00M	$1.25B
Long-term debt	$1.76B	$1.82B	$3.79B	$4.33B	$3.79B	$4.06B	$3.75B	$3.29B	$3.48B	$4.29B
Total debt	$1.89B	$1.87B	$3.86B	$4.43B	$4.24B	$4.06B	$4.00B	$4.07B	$3.98B	$5.54B
Total liabilities	$3.60B	$3.75B	$5.78B	$8.95B	$8.30B	$8.21B	$8.37B	$8.46B	$8.57B	$10.88B
Shareholders' equity	$2.21B	$2.81B	$2.87B	$9.96B	$10.12B	$10.20B	$10.10B	$10.49B	$10.09B	$11.14B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$450.53M	$188.80M	$314.70M	$1.02B	$784.00M	$1.07B	$1.04B	$1.20B	$1.83B	$1.76B
Capital expenditures	$50.22M	$89.50M	$93.30M	$186.00M	$136.00M	$130.00M	$149.00M	$186.00M	$207.00M	$260.00M
Free cash flow	$400.31M	$99.30M	$221.40M	$830.00M	$648.00M	$943.00M	$889.00M	$1.01B	$1.63B	$1.50B
Investing cash flow	-$232.97M	-$1.03B	-$147.30M	-$3.18B	-$155.00M	-$540.00M	-$235.00M	-$492.00M	-$343.00M	-$2.75B
Financing cash flow	$522.97M	-$97.40M	$1.98B	$461.00M	-$619.00M	-$653.00M	-$708.00M	-$633.00M	-$1.37B	$1.03B
Dividends paid	$32.43M	$42.20M	$46.30M	$82.00M	$93.00M	$92.00M	$111.00M	$123.00M	$140.00M	$173.00M
Share buybacks	$212.18M	$0	$0	$0	$207.00M	$300.00M	$473.00M	$409.00M	$1.10B	$223.00M
Stock-based compensation	$20.81M	$21.30M	$25.30M	$50.00M	$20.00M	$46.00M	$41.00M	$47.00M	$66.00M	$80.00M
Depreciation & amortization	$69.80M	$103.20M	$109.30M	$401.00M	$473.00M	$491.00M	$479.00M	$531.00M	$503.00M	$501.00M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$2.53B	$2.50B	$2.64B	$2.66B	$2.58B	$2.61B	$2.71B	$2.89B	$2.96B	$2.95B	$3.18B	$3.12B
Cost of revenue	$1.76B	$1.68B	$1.77B	$1.78B	$1.79B	$1.71B	$1.77B	$1.88B	$2.00B	$1.89B	$2.02B	$1.96B
Gross profit	$764.00M	$815.00M	$874.00M	$880.00M	$797.00M	$900.00M	$938.00M	$1.00B	$966.00M	$1.06B	$1.16B	$1.16B
Research & development	$61.00M	$48.00M	$57.00M	$50.00M	$51.00M	$46.00M	$50.00M	$59.00M	$68.00M	$56.00M	$70.00M	$67.00M
Selling, general & admin	$296.00M	$281.00M	$316.00M	$318.00M	$333.00M	$307.00M	$347.00M	$375.00M	$461.00M	$401.00M	$400.00M	$383.00M
Operating income	$308.00M	$412.00M	$430.00M	$433.00M	$334.00M	$474.00M	$472.00M	$491.00M	$356.00M	$517.00M	$600.00M	$625.00M
Interest expense	—	$47.00M	$49.00M	$52.00M	$53.00M	$46.00M	$46.00M	$65.00M	$68.00M	$71.00M	$80.00M	$80.00M
Pre-tax income	$280.00M	$363.00M	$385.00M	$378.00M	$284.00M	$426.00M	$450.00M	$425.00M	$291.00M	$469.00M	$518.00M	$557.00M
Income tax	$63.00M	$86.00M	$94.00M	$92.00M	$71.00M	$99.00M	$111.00M	$112.00M	$87.00M	$106.00M	$122.00M	$146.00M
Net income	$215.00M	$272.00M	$289.00M	$283.00M	$212.00M	$322.00M	$336.00M	$310.00M	$202.00M	$362.00M	$395.00M	$409.00M
EBITDA	$468.00M	$535.00M	$548.00M	$567.00M	$462.00M	$594.00M	$589.00M	$619.00M	$492.00M	$656.00M	$743.00M	$767.00M
EPS (basic)	$1.20	$1.54	$1.64	$1.63	$1.24	$1.88	$1.96	$1.81	$1.18	$2.12	$2.33	$2.43
EPS (diluted)	$1.20	$1.53	$1.64	$1.63	$1.24	$1.88	$1.96	$1.81	$1.19	$2.12	$2.33	$2.42
Diluted shares	-200.00K	177.20M	176.00M	174.10M	-900.00K	171.30M	171.20M	171.10M	-100.00K	170.70M	169.60M	168.80M
Gross margin	30.2%	32.6%	33.1%	33.0%	30.9%	34.5%	34.7%	34.7%	32.6%	36.0%	36.5%	37.3%
Operating margin	12.2%	16.5%	16.3%	16.3%	12.9%	18.2%	17.4%	17.0%	12.0%	17.5%	18.9%	20.0%
Net margin	8.5%	10.9%	10.9%	10.6%	8.2%	12.3%	12.4%	10.7%	6.8%	12.3%	12.4%	13.1%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$620.00M	$639.00M	$595.00M	$410.00M	$715.00M	$698.00M	$1.50B	$528.00M	$789.00M	$531.00M	$670.00M	$489.00M
Receivables	$1.16B	$997.00M	$1.27B	$1.23B	$1.15B	$1.39B	$1.44B	$1.66B	$1.41B	$1.78B	$1.72B	$1.81B
Inventory	$2.28B	$2.36B	$2.36B	$2.38B	$2.31B	$2.38B	$2.57B	$2.75B	$2.75B	$2.85B	$2.86B	$2.95B
Total current assets	$4.86B	$4.80B	$5.03B	$4.77B	$4.94B	$5.25B	$6.35B	$5.79B	$5.69B	$5.97B	$6.04B	$6.05B
Goodwill	$8.78B	$8.73B	$8.71B	$8.79B	$8.71B	$8.79B	$8.94B	$9.85B	$10.22B	$10.62B	$10.60B	$10.62B
Total assets	$18.99B	$18.75B	$18.88B	$18.64B	$18.70B	$19.10B	$20.39B	$21.53B	$22.07B	$23.20B	$23.13B	$23.14B
Total current liabilities	$4.06B	$3.15B	$3.65B	$3.68B	$3.79B	$3.93B	$3.61B	$4.06B	$5.15B	$5.83B	$5.39B	$5.50B
Short-term debt	$781.00M	$3.00M	$503.00M	$500.00M	$500.00M	$504.00M	$0	$251.00M	$1.25B	$1.83B	$1.66B	$1.71B
Long-term debt	$3.29B	$4.00B	$3.49B	$3.52B	$3.48B	$3.50B	$4.78B	$5.03B	$4.29B	$4.71B	$4.92B	$4.67B
Total debt	$4.07B	$4.00B	$4.00B	$4.02B	$3.98B	$4.01B	$4.78B	$5.29B	$5.54B	$6.54B	$6.57B	$6.38B
Total liabilities	$8.46B	$8.24B	$8.36B	$8.35B	$8.57B	$8.68B	$9.55B	$10.43B	$10.88B	$12.04B	$11.88B	$11.78B
Shareholders' equity	$10.49B	$10.46B	$10.48B	$10.25B	$10.09B	$10.37B	$10.80B	$11.05B	$11.14B	$11.10B	$11.21B	$11.33B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$686.00M	$334.00M	$235.00M	$542.00M	$723.00M	$191.00M	$209.00M	$367.00M	$992.00M	$199.00M	$441.00M	$455.00M
Capital expenditures	$77.00M	$31.00M	$46.00M	$46.00M	$84.00M	$44.00M	$39.00M	$55.00M	$122.00M	$46.00M	$62.00M	$74.00M
Free cash flow	$609.00M	$303.00M	$189.00M	$496.00M	$639.00M	$147.00M	$170.00M	$312.00M	$870.00M	$153.00M	$379.00M	$381.00M
Investing cash flow	-$156.00M	-$19.00M	-$38.00M	-$49.00M	-$237.00M	-$44.00M	-$54.00M	-$1.79B	-$860.00M	-$1.10B	-$55.00M	-$83.00M
Financing cash flow	-$310.00M	-$289.00M	-$234.00M	-$686.00M	-$162.00M	-$172.00M	$626.00M	$453.00M	$124.00M	$656.00M	-$248.00M	-$555.00M
Dividends paid	$31.00M	$36.00M	$35.00M	$35.00M	$34.00M	$43.00M	$44.00M	$43.00M	$43.00M	$53.00M	$53.00M	$52.00M
Share buybacks	$157.00M	$175.00M	$200.00M	$599.00M	$123.00M	$98.00M	$50.00M	$0	$75.00M	$242.00M	$215.00M	$305.00M
Stock-based compensation	$11.00M	$12.00M	$14.00M	$18.00M	$22.00M	$17.00M	$19.00M	$22.00M	$22.00M	$22.00M	$28.00M	$25.00M
Depreciation & amortization	$160.00M	$123.00M	$118.00M	$134.00M	$128.00M	$120.00M	$117.00M	$128.00M	$136.00M	$139.00M	$143.00M	$142.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.