Westinghouse Air Brake Technologies Corporation

US$283.59As of Sun 8 Nov 2026, 12:00 UTC

NYSE:WABIndustrials

Country USA

PE (Fwd) •••

TSR 10Y CAGR 14.51%

Div yield 0.44%

ROE 12.24%

Railroads

Beta (5Y) 0.93

PE TTM 35.26

TSR TTM 39.36%

Mkt cap US$47.59B

ROIC 9.56%

SE Grade™

Value

Quality

Moat

Consensus

Reference

$313

10.49%

(75.64%)

Hold 10|3|6|12|8

TTM

FYE 31 Dec USD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

2.225

Revenue$B

10.14

10.78

11.51

12.35

13.15

14.15

14.91

16.05

16.86

17.64

2.423

6.06%

6.58%

19.52

Revenue growth%

9.67

8.44

5.90

4.87

3.13

0.54

0.40

5.34

0.40

1.84

12.02

Gross margin%

10.76

7.82

10.79

9.34

9.88

12.55

13.73

11.43

10.27

12.16

29.62

12.16

10.77

27.73

Operating margin%

5.81

5.94

4.28

3.76

6.56

8.33

9.58

8.10

8.20

8.14

29.56

8.20

7.33

12.64

Net margin%

9.36

9.22

7.33

9.53

12.02

13.62

14.77

14.26

12.60

14.08

19.29

14.08

12.31

10.63

P/E ratio (avg)x

35.47

39.07

42.51

43.14

45.03

47.12

52.47

50.27

54.16

60.60

20.88

52.47

46.07

23.21

EV/EBITx

18.02

19.74

19.42

20.92

19.16

20.43

21.77

21.33

22.89

21.25

36.76

21.33

20.67

3.33

FCF yield (avg)%

18.74

19.38

21.41

21.57

23.22

24.26

23.89

25.93

28.60

27.24

19.59

25.93

23.56

27.21

FCF margin%

34.30

31.57

31.02

30.23

27.71

28.16

27.27

29.96

32.79

30.27

2.12

29.96

30.25

1.213

FCF / Net incomex

0.856

0.737

0.796

0.732

0.667

0.642

0.691

0.733

0.768

0.827

1.097

0.733

0.735

14.15

ROIC%

25.76

25.48

24.37

26.76

29.60

27.33

25.89

23.41

26.11

28.34

25.68

26.11

26.00

15.63

Return on equity%

4.02

5.79

4.81

2.12

1.00

0.40

2.16

2.50

3.04

3.53

2.16

2.33

29.97

Return on assets%

23.61

22.60

23.40

25.87

23.43

21.38

22.40

22.07

21.91

19.56

12.99

21.91

22.50

28.90

EPS$

40.91

44.79

45.03

49.35

50.19

51.69

56.47

66.25

77.12

85.61

31.46

11.27%

9.16%

—

21.89

EPS growth%

21.79

21.19

23.96

24.88

25.86

25.01

27.14

26.10

29.09

30.81

5.17

27.14

25.43

33.77

Bookvalue per sh$

42.71

45.64

46.55

47.45

50.94

51.15

54.95

63.61

69.49

69.59

6.42

6.44%

5.31%

—

47.81

FCF per share$

54.84

59.94

61.75

67.83

75.28

84.67

91.37

104.27

120.39

121.88

33.43

10.12%

8.07%

—

19.70

Dividend per sh$

52.89

52.64

48.83

52.44

52.42

53.46

58.24

55.53

57.63

62.50

30.50

3.58%

0.63%

—

21.77

Div yield (avg)%

6.96

8.30

6.65

6.17

7.16

8.29

9.50

9.20

11.44

10.30

26.15

9.50

8.29

28.89

Payout ratio%

28.11

30.26

27.99

27.11

27.10

27.05

25.60

24.05

23.11

20.98

14.19

24.05

27.07

172.0

Shares (diluted)M

195.9

203.7

198.7

184.6

199.1

194.2

202.7

199.1

179.9

181.2

171.3

(1.86%)

0.15%

15.84

Buyback yield%

3.25

6.15

4.38

3.63

5.27

2.66

5.65

8.15

5.16

3.59

25.90

5.16

4.77

0.464

D/E ratiox

0.994

1.064

1.274

1.341

1.300

1.527

1.558

1.547

1.838

2.155

0.561

1.558

1.434

15.58

Enterprise value$B

2.179

2.228

2.336

2.125

1.978

1.999

2.137

2.313

2.327

2.216

11.73

2.30%

1.15%

17.99

LT debt$B

8.268

9.085

9.623

9.262

8.627

9.994

9.621

9.448

9.431

10.12

1.854

3.25%

3.10%

Peers (US$47.59B)

Cap (US$)

Union Pacific Corporat…

172.4B

22.63x

CSX Corporation

90.48B

25.59x

Norfolk Southern…

71.86B

26.83x

Beijing-Shanghai High…

39.31B

19.30x

Capital

TTM

10Y

Leveragex

0.425

0.297

0.290

EBIT/Intx

1.651

0.079

0.085

Own earn%

252.54

113.24

133.86

Sh yield%

37.61

15.14

13.16

Owners

Insiders/Inst%

0.80

73.05

Short interest%

5.92

SBC / revenue%

4.16

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

4–10

$1 testx

5.8

Incr. ROIC%

Westinghouse Air Brake Technologies Corporation provides locomotives, equipment, systems and services to the freight rail and passenger transit industries worldwide through its Freight and Transit segments. Its offerings include diesel-electric and liquid natural gas-powered locomotives, braking and control equipment, railway electronics, HVAC systems, signaling products, bus doors and ramps, and maintenance and overhaul services.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$17.64B

6.58%

1.00×

Cost of revenue

$10.10B

6.33%

0.98×

Operating expenses

$2.340B

7.81%

1.12×