WAB Chart
About

Westinghouse Air Brake Technologies Corporation provides locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It operates in two segments, Freight and Transit. It offers diesel-electric and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products. The company also offers positive train control equipment; electronically controlled pneumatic braking products; railway electronics; signal design and engineering services; distributed locomotive power, and train cruise and remote controls; industrial/mobile Internet of Things hardware and software, edge-to-cloud, on and off-board analytics and rules, and asset performance management solutions; rail and shipper transportation management, and port visibility and optimization solutions; and network optimization solutions. In addition, it provides freight car trucks, braking equipment, and related components; air compressors and dryers, as well as heating, ventilation, and air conditioning (HVAC) systems; heat transfer components and systems; custom engineered burners and combustion systems; rail gear, signaling, and switch products; and turbochargers. Further, it offers freight locomotive overhauls, modernizations, and refurbishment; locomotive and car maintenance; transit locomotive and car overhaul; unit exchange of locomotive components; long-term parts arrangements; and way equipment maintenance services. Additionally, it provides railway and freight braking equipment and related components; brake shoes, discs, and pads; HVAC equipment; access and platform screen doors; pantographs; power converters and battery chargers; passenger information systems and closed-circuit television; signaling and railway electric relays; and doors, window assemblies, accessibility lifts, ramps, and electric charging solutions for buses. The company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.

Fundamentals
Scroll to Statements
Sector Industrials Industry Railroads Market Cap 43.01B
Enterprise Value 47.33B Income 1.17B Sales 11.17B
Book/sh 65.31 Cash/sh 4.48 Dividend Yield 43.00%
Payout 14.64% Employees 31000 IPO —
P/E 36.78 Forward P/E 21.29 PEG —
P/S 3.85 P/B 3.85 P/C —
EV/EBITDA 19.44 EV/Sales 4.24 Quick Ratio 0.52
Current Ratio 1.11 Debt/Eq 53.02 LT Debt/Eq —
EPS (ttm) 6.84 EPS next Y 11.82 EPS Growth -3.80%
Revenue Growth 14.80% Earnings 2026-04-22 ROA 6.06%
ROE 11.10% ROIC — Gross Margin 34.66%
Oper. Margin 15.01% Profit Margin 10.48% Shs Outstand 170.52M
Shs Float 168.43M Short Float 1.20% Short Ratio 2.10
Short Interest — 52W High 266.27 52W Low 151.81
Beta 0.98 Avg Volume 857.01K Volume 298.63K
Target Price $289.75 Recom Buy Prev Close $247.00
Price $251.59 Change 1.86%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$289.75
Mean price target
2. Current target
$251.59
Latest analyst target
3. DCF / Fair value
$129.27
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$251.59
Low
$262.00
High
$315.00
Mean
$289.75

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-13 main Wells Fargo Equal-Weight → Equal-Weight $270
2026-02-12 main Citigroup Buy → Buy $283
2026-02-12 main Stephens & Co. Overweight → Overweight $290
2026-02-12 main Keybanc Overweight → Overweight $308
2026-01-26 main Susquehanna Positive → Positive $280
2026-01-14 main JP Morgan Neutral → Neutral $245
2026-01-12 main Morgan Stanley Overweight → Overweight $264
2026-01-09 main Citigroup Buy → Buy $258
2026-01-08 up Wolfe Research Peer Perform → Outperform $245
2025-12-17 main Wells Fargo Equal-Weight → Equal-Weight $224
2025-11-14 main Citigroup Buy → Buy $245
2025-11-14 init Wells Fargo — → Equal-Weight $221
2025-11-13 main B of A Securities Buy → Buy $233
2025-10-23 main Susquehanna Positive → Positive $240
2025-10-14 main JP Morgan Neutral → Neutral $215
2025-09-22 init Citigroup — → Buy $225
2025-08-14 main JP Morgan Neutral → Neutral $200
2025-07-28 main Morgan Stanley Overweight → Overweight $226
2025-07-25 main Susquehanna Positive → Positive $235
2025-07-08 main B of A Securities Buy → Buy $236
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 1756 — — Stock Award(Grant) at price 0.00 per share. JAIN NALIN Officer — 2026-03-05 00:00:00 D
1 2685 — — Stock Award(Grant) at price 0.00 per share. GEBHARDT ERIC Chief Technology Officer — 2026-03-05 00:00:00 D
2 1843 — — Stock Award(Grant) at price 0.00 per share. TROMBLEY GINA Officer — 2026-03-05 00:00:00 D
3 1902 — — Stock Award(Grant) at price 0.00 per share. MENDONCA ROGERIO Officer — 2026-03-05 00:00:00 D
4 383 — — Stock Award(Grant) at price 0.00 per share. YATES KYRA Officer — 2026-03-05 00:00:00 D
5 1447 — — Stock Award(Grant) at price 0.00 per share. GAUR SAMEER Officer — 2026-03-05 00:00:00 D
6 2063 — — Stock Award(Grant) at price 0.00 per share. SBROCCO GREGORY Officer — 2026-03-05 00:00:00 D
7 1989 — — Stock Award(Grant) at price 0.00 per share. FETSKO MICHAEL E. Officer — 2026-03-05 00:00:00 D
8 32398 — — Stock Award(Grant) at price 0.00 per share. SANTANA RAFAEL Chief Executive Officer — 2026-03-05 00:00:00 D
9 2605 — — Stock Award(Grant) at price 0.00 per share. THEOPHILUS NICOLE BETH Officer — 2026-03-05 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems3.34M-4.62M-4.90M1.50M
TaxRateForCalcs0.260.240.240.25
NormalizedEBITDA2.26B2.09B1.81B1.46B
TotalUnusualItems13.00M-19.00M-20.00M6.00M
TotalUnusualItemsExcludingGoodwill13.00M-19.00M-20.00M6.00M
NetIncomeFromContinuingOperationNetMinorityInterest1.17B1.06B815.00M633.00M
ReconciledDepreciation457.00M459.00M477.00M426.00M
ReconciledCostOfRevenue7.20B6.87B6.58B5.69B
EBITDA2.27B2.07B1.79B1.47B
EBIT1.82B1.61B1.31B1.04B
NetInterestIncome-225.00M-201.00M-218.00M-186.00M
InterestExpense225.00M201.00M218.00M186.00M
NormalizedIncome1.16B1.07B830.10M628.50M
NetIncomeFromContinuingAndDiscontinuedOperation1.17B1.06B815.00M633.00M
TotalExpenses9.37B8.78B8.41B7.35B
TotalOperatingIncomeAsReported1.79B1.61B1.27B1.01B
DilutedAverageShares171.10M174.80M179.50M182.80M
BasicAverageShares170.50M174.10M178.80M182.20M
DilutedEPS6.836.044.533.46
BasicEPS6.846.054.543.46
DilutedNIAvailtoComStockholders1.17B1.06B815.00M633.00M
AverageDilutionEarnings0.00
NetIncomeCommonStockholders1.17B1.06B815.00M633.00M
NetIncome1.17B1.06B815.00M633.00M
MinorityInterests-13.00M-11.00M-10.00M-8.00M
NetIncomeIncludingNoncontrollingInterests1.18B1.07B825.00M641.00M
NetIncomeContinuousOperations1.18B1.07B825.00M641.00M
TaxProvision409.00M343.00M267.00M213.00M
PretaxIncome1.59B1.41B1.09B854.00M
OtherIncomeExpense24.00M2.00M44.00M29.00M
OtherNonOperatingIncomeExpenses9.00M13.00M39.00M6.00M
EarningsFromEquityInterest2.00M8.00M25.00M17.00M
GainOnSaleOfSecurity13.00M-19.00M-20.00M6.00M
NetNonOperatingInterestIncomeExpense-225.00M-201.00M-218.00M-186.00M
InterestExpenseNonOperating225.00M201.00M218.00M186.00M
OperatingIncome1.79B1.61B1.27B1.01B
OperatingExpense2.01B1.76B1.68B1.53B
DepreciationAmortizationDepletionIncomeStatement300.00M303.00M321.00M291.00M
DepreciationAndAmortizationInIncomeStatement300.00M303.00M321.00M291.00M
Amortization300.00M303.00M321.00M291.00M
AmortizationOfIntangiblesIncomeStatement300.00M303.00M321.00M291.00M
ResearchAndDevelopment223.00M206.00M218.00M209.00M
SellingGeneralAndAdministration1.49B1.25B1.14B1.03B
GrossProfit3.81B3.37B2.94B2.54B
CostOfRevenue7.36B7.02B6.73B5.82B
TotalRevenue11.17B10.39B9.68B8.36B
OperatingRevenue11.17B10.39B9.68B8.36B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber1.30M55.60M49.10M45.70M
OrdinarySharesNumber170.60M171.30M177.80M181.20M
ShareIssued171.90M226.90M226.90M226.90M
NetDebt4.78B3.27B3.45B3.46B
TotalDebt5.54B3.98B4.07B4.00B
TangibleBookValue-2.91B-1.55B-1.50B-1.81B
InvestedCapital16.68B14.07B14.56B14.10B
WorkingCapital544.00M1.15B799.00M860.00M
NetTangibleAssets-2.91B-1.55B-1.50B-1.81B
CommonStockEquity11.14B10.09B10.49B10.10B
TotalCapitalization15.43B13.57B13.78B13.85B
TotalEquityGrossMinorityInterest11.19B10.13B10.52B10.15B
MinorityInterest48.00M42.00M37.00M45.00M
StockholdersEquity11.14B10.09B10.49B10.10B
GainsLossesNotAffectingRetainedEarnings-616.00M-846.00M-590.00M-661.00M
OtherEquityAdjustments-616.00M-846.00M-590.00M-661.00M
TreasuryStock190.00M3.27B2.17B1.77B
RetainedEarnings3.88B6.18B5.27B4.58B
AdditionalPaidInCapital8.07B8.02B7.98B7.95B
CapitalStock1.00M2.00M2.00M2.00M
CommonStock1.00M2.00M2.00M2.00M
TotalLiabilitiesNetMinorityInterest10.88B8.57B8.46B8.37B
TotalNonCurrentLiabilitiesNetMinorityInterest5.73B4.78B4.41B4.90B
OtherNonCurrentLiabilities832.00M921.00M740.00M768.00M
EmployeeBenefits58.00M62.00M57.00M77.00M
NonCurrentPensionAndOtherPostretirementBenefitPlans58.00M62.00M57.00M77.00M
NonCurrentDeferredLiabilities606.00M376.00M318.00M326.00M
NonCurrentDeferredTaxesLiabilities606.00M376.00M318.00M326.00M
LongTermDebtAndCapitalLeaseObligation4.29B3.48B3.29B3.75B
LongTermDebt4.29B3.48B3.29B3.75B
CurrentLiabilities5.15B3.79B4.06B3.47B
CurrentDeferredLiabilities1.01B693.00M804.00M772.00M
CurrentDeferredRevenue1.01B693.00M804.00M772.00M
CurrentDebtAndCapitalLeaseObligation1.25B500.00M781.00M251.00M
CurrentDebt1.25B500.00M781.00M251.00M
PensionandOtherPostRetirementBenefitPlansCurrent490.00M425.00M341.00M300.00M
PayablesAndAccruedExpenses2.40B2.17B2.13B2.14B
CurrentAccruedExpenses993.00M874.00M880.00M843.00M
Payables1.40B1.30B1.25B1.30B
AccountsPayable1.40B1.30B1.25B1.30B
TotalAssets22.07B18.70B18.99B18.52B
TotalNonCurrentAssets16.38B13.76B14.13B14.19B
OtherNonCurrentAssets705.00M668.00M663.00M850.00M
GoodwillAndOtherIntangibleAssets14.05B11.64B11.98B11.91B
OtherIntangibleAssets3.84B2.93B3.21B3.40B
Goodwill10.22B8.71B8.78B8.51B
NetPPE1.62B1.45B1.49B1.43B
AccumulatedDepreciation-1.49B-1.31B-1.19B-1.05B
GrossPPE3.11B2.75B2.67B2.48B
ConstructionInProgress236.00M171.00M137.00M122.00M
MachineryFurnitureEquipment1.90B1.67B1.60B1.47B
BuildingsAndImprovements852.00M810.00M838.00M783.00M
LandAndImprovements121.00M106.00M100.00M100.00M
Properties0.000.000.000.00
CurrentAssets5.69B4.94B4.86B4.33B
OtherCurrentAssets263.00M212.00M267.00M233.00M
RestrictedCash25.00M9.00M
Inventory2.75B2.31B2.28B2.03B
FinishedGoods750.00M759.00M641.00M616.00M
WorkInProcess587.00M463.00M515.00M316.00M
RawMaterials977.00M1.06B878.00M757.00M
Receivables1.90B1.70B1.68B1.52B
OtherReceivables487.00M550.00M524.00M544.00M
AccountsReceivable1.41B1.15B1.16B975.00M
AllowanceForDoubtfulAccountsReceivable-32.00M-36.00M-31.00M-28.00M
GrossAccountsReceivable1.44B1.19B1.19B1.00B
CashCashEquivalentsAndShortTermInvestments764.00M715.00M620.00M541.00M
CashAndCashEquivalents764.00M715.00M620.00M541.00M
CashFinancial764.00M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow1.50B1.63B1.01B889.00M
RepurchaseOfCapitalStock-223.00M-1.10B-409.00M-473.00M
RepaymentOfDebt-3.22B-2.32B-5.52B-6.12B
IssuanceOfDebt4.71B2.26B5.56B6.09B
CapitalExpenditure-260.00M-207.00M-186.00M-149.00M
InterestPaidSupplementalData219.00M181.00M210.00M179.00M
IncomeTaxPaidSupplementalData342.00M237.00M233.00M157.00M
EndCashPosition789.00M715.00M620.00M541.00M
BeginningCashPosition715.00M620.00M541.00M473.00M
EffectOfExchangeRateChanges31.00M-25.00M3.00M-27.00M
ChangesInCash43.00M120.00M76.00M95.00M
FinancingCashFlow1.03B-1.37B-633.00M-708.00M
CashFlowFromContinuingFinancingActivities1.03B-1.37B-633.00M-708.00M
NetOtherFinancingCharges-57.00M-70.00M-143.00M-94.00M
CashDividendsPaid-173.00M-140.00M-123.00M-111.00M
CommonStockDividendPaid-173.00M-140.00M-123.00M-111.00M
NetCommonStockIssuance-223.00M-1.10B-409.00M-473.00M
CommonStockPayments-223.00M-1.10B-409.00M-473.00M
NetIssuancePaymentsOfDebt1.48B-64.00M42.00M-30.00M
NetLongTermDebtIssuance1.48B-64.00M42.00M-30.00M
LongTermDebtPayments-3.22B-2.32B-5.52B-6.12B
LongTermDebtIssuance4.71B2.26B5.56B6.09B
InvestingCashFlow-2.75B-343.00M-492.00M-235.00M
CashFlowFromContinuingInvestingActivities-2.75B-343.00M-492.00M-235.00M
NetInvestmentPurchaseAndSale20.00M0.000.00
SaleOfInvestment20.00M0.000.00
NetBusinessPurchaseAndSale-2.51B-149.00M-308.00M-89.00M
SaleOfBusiness8.00M19.00M0.000.00
PurchaseOfBusiness-2.52B-168.00M-308.00M-89.00M
NetPPEPurchaseAndSale-255.00M-194.00M-184.00M-146.00M
SaleOfPPE5.00M13.00M2.00M3.00M
PurchaseOfPPE-260.00M-207.00M-186.00M-149.00M
OperatingCashFlow1.76B1.83B1.20B1.04B
CashFlowFromContinuingOperatingActivities1.76B1.83B1.20B1.04B
ChangeInWorkingCapital7.00M187.00M-97.00M-109.00M
ChangeInOtherWorkingCapital149.00M123.00M156.00M34.00M
ChangeInPayablesAndAccruedExpense76.00M215.00M0.00277.00M
ChangeInAccruedExpense36.00M124.00M57.00M-36.00M
ChangeInPayable40.00M91.00M-57.00M313.00M
ChangeInAccountPayable34.00M70.00M-58.00M306.00M
ChangeInTaxPayable6.00M21.00M1.00M7.00M
ChangeInIncomeTaxPayable6.00M21.00M1.00M7.00M
ChangeInInventory-182.00M-117.00M-58.00M-368.00M
ChangeInReceivables-36.00M-34.00M-195.00M-52.00M
OtherNonCashItems-50.00M
StockBasedCompensation80.00M66.00M47.00M41.00M
DeferredTax11.00M51.00M-58.00M36.00M
DeferredIncomeTax11.00M51.00M-58.00M36.00M
DepreciationAmortizationDepletion457.00M459.00M477.00M426.00M
DepreciationAndAmortization457.00M459.00M477.00M426.00M
AmortizationCashFlow-44.00M-44.00M-54.00M-53.00M
AmortizationOfIntangibles-44.00M-44.00M-54.00M-53.00M
Depreciation501.00M503.00M531.00M479.00M
OperatingGainsLosses21.00M4.00M7.00M3.00M
GainLossOnInvestmentSecurities-19.00M
GainLossOnSaleOfPPE2.00M4.00M7.00M3.00M
GainLossOnSaleOfBusiness38.00M0.000.00
NetIncomeFromContinuingOperations1.18B1.07B825.00M641.00M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for WAB
Date User Asset Broker Type Position Size Entry Price Patterns