Stock research

Westinghouse Air Brake Technologies Corporation (WAB) Stock Research

Wabtec makes locomotives, braking systems, and rail equipment for freight and transit operators.

For the fiscal year ended December 31, 2025, Westinghouse Air Brake Technologies Corporation reported revenue of $11.2B and net income of $1.2B, with operating cash flow of $1.8B. Source: Form 10-K filed February 13, 2026

SEC data as of

Revenue
$11.2B
FY ending 2025-12-31
Net income
$1.2B
FY ending 2025-12-31
Diluted EPS
$6.83
Net margin
10.5%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About Westinghouse Air Brake Technologies

Exchange
NYSE: WAB
Sector
Industrials
SEC industry
Railroad Equipment (SIC 3743)
Fiscal year end
December 31

WAB key financials

Reported figures from Westinghouse Air Brake Technologies Corporation's filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$11.2B2025-01-01 – 2025-12-31SEC filing
Net income$1.2B2025-01-01 – 2025-12-31SEC filing
Operating cash flow$1.8B2025-01-01 – 2025-12-31SEC filing
Diluted EPS$6.832025-01-01 – 2025-12-31SEC filing
Net margin10.5%2025-01-01 – 2025-12-31SEC filing
Shares outstanding171MAs of 2026-02-09SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in WAB

Westinghouse Air Brake Technologies Corporation sits in Industrials. Aerospace, machinery, defense, and transports — a cyclical read on capex, reshoring, and the physical economy. We have not yet written company-specific drivers for WAB; the forces that matter most for the sector are:

  • ◆Capital-spending and manufacturing PMIs
  • ◆Reshoring and supply-chain reconfiguration
  • ◆Defense budgets and geopolitical conflict
  • ◆Freight rates and logistics demand

Key questions for the WAB thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does WAB's reported profit turn into cash?

Operating cash flow was $1.8B, 1.50 times net income of $1.2B, for the fiscal year ended December 31, 2025.

Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.

Form 10-K filed February 13, 2026

How much of WAB's revenue is left as profit?

Net income was 10.5% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed February 13, 2026

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What members are reading this month

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Congressional trading in WAB

PoliticianTrade dateTypeOwnerAmountSource
John Delaney2026-08-25SaleDependent$100,001 - $250,000Filing #20035408
John Delaney2026-08-03SaleDependent$15,001 - $50,000Filing #20035408
John Delaney2026-07-28SaleDependent$1,001 - $15,000Filing #20035118
John Delaney2026-07-23SaleDependent$15,001 - $50,000Filing #20035118
John Delaney2026-06-15SaleDependent$1,001 - $15,000Filing #20034932
John Delaney2026-06-12SaleDependent$1,001 - $15,000Filing #20034932
John Delaney2026-06-10SaleDependent$1,001 - $15,000Filing #20034932
Tommy Tuberville2026-06-09SaleSelf$1,001 - $15,000Filing #392ac3e5-07f6-4f8c-840f-84e9066ffb29
John Delaney2026-06-04SaleDependent$1,001 - $15,000Filing #20034932
Rick Larsen2026-04-07PurchaseSelf$1,001 - $15,000Filing #20034351

All verified WAB congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

WAB — frequently asked questions

What does Westinghouse Air Brake Technologies Corporation do?

Wabtec makes locomotives, braking systems, and rail equipment for freight and transit operators.

What were WAB's latest reported annual revenue and net income?

For the fiscal year ended December 31, 2025, Westinghouse Air Brake Technologies Corporation reported revenue of $11.2B and net income of $1.2B, with operating cash flow of $1.8B. The figures come from Westinghouse Air Brake Technologies Corporation's SEC XBRL filings.

When does Westinghouse Air Brake Technologies Corporation's fiscal year end?

The SEC lists Westinghouse Air Brake Technologies Corporation's fiscal year end as December 31.

Do members of Congress trade WAB?

The current verified House and Senate snapshot contains 21 transaction rows for WAB, each linked to the original filing.

Is WAB a good investment?

This page does not rate WAB as a buy or sell. It sets out what Westinghouse Air Brake Technologies Corporation reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the WAB numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

$39/mo or $249/yr · cancel future renewals anytime · sources included