WAB

Wabtec
D

WAB

Arincen83/100B

If you had invested in Wabtec ago, it would be worth $3,769 today, against $4,111 in SPY and $6,388 in QQQ.

ArincenArincen ScoreBeta

83/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Wabtec key facts

Style
Growth stock · 5.9/10Growth 5.9 · Value 3.5 · Dividend 1.0
Day range
302.20 – 307.04
52-week range
194.93 – 307.04
Market capitalization
51.04B USD
P/E
37.69
PEG ratio
1.36
EPS
8.07
Div Yield
0.41%
EPS growth forecast (FY2026)
+26.9%
Volume
0
Beta
0.93
ESG score
54.7/100Environment 46 · Social 51 · Governance 67
Sector
Industrials
Industry
Railroads
CEO
Rafael Ottoni Santana
Employees
31K
IPO date
16 Jun 1995

Wabtec earnings

Next earnings · Q4 FY2026
EPS estimate
2.67 USD
Revenue estimate
3.23B USD
Last quarter · Q3 FY2026
EPS2.83Beat +3.7%Revenue3.12BMissed -2.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q2 FY20283.56———3.59B———
Q1 FY20283.31——+14.45%3.35B——+5.54%
Q1 FY20272.89——+6.68%3.18B——+7.68%
Q4 FY20262.67——+27.14%3.23B——+9.06%
Q3 FY20262.732.83+3.66%+21.98%3.20B3.12B-2.45%+8.11%
Q2 FY20262.602.76+6.15%+40.82%3.07B3.18B+3.42%+17.48%
Q1 FY20262.512.71+7.97%+18.86%2.96B2.95B-0.45%+13.03%
Q4 FY20252.082.10+0.96%+25.00%2.87B2.97B+3.49%+14.79%
Q3 FY20252.282.32+1.75%+16.00%2.88B2.89B+0.18%+8.37%
Q2 FY20252.171.96-9.68%0.00%2.77B2.71B-2.29%+2.34%

Wabtec analyst forecast

12-month price target
341.25 USD
+12.19%

Analysts' 1-year price targets range from 330.00 to 355.00, with an average of 341.25.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
10 ratings
Buy
8
Hold
2
Sell
0

12-month price target

Highest target355.00
Average target341.25
Lowest target330.00
Current price304.16

Wabtec valuation

Price to earnings ratio (TTM)
37.69
Forward P/E (FY2026)
27.67
Price to sales (TTM)
4.18
Price to book
4.49
EV / EBITDA (TTM)
22.95

Capital structure

Market capitalization
51.04B USD
+
Total debt
6.77B USD
−
Cash and short-term investments
489.00M USD
=
Enterprise value
57.32B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)21.37————
FY2027 (est.)24.1821.37———
FY2026 (est.)27.6724.18———
Now (TTM)37.6924.604.184.4922.95
FY202531.1219.413.263.2718.09
FY202431.3421.143.183.2717.53
FY202327.8316.682.342.1614.63
FY202228.7616.732.171.8014.77
FY202131.1218.962.211.6915.41

Wabtec against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Norfolk Southern, CSX, and Union Pacific, the US Railroads companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median37.7
    23.541.0
  • Gross marginAbove its median31.5%
    30.3%32.4%
    Against its peers: 4 of 4Peers' median 42.4%
  • Operating marginHighest in 5 years16.1%
    11.2%16.1%
    Against its peers: 4 of 4Peers' median 32.9%
  • Net marginHighest in 5 years10.5%
    7.1%10.5%
    Against its peers: 4 of 4Peers' median 23.6%
  • Return on equityHighest in 5 years10.5%
    5.5%10.5%
    Against its peers: 4 of 4Peers' median 22.0%
  • Free cash flow marginAbove its median13.4%
    10.5%15.7%
    Against its peers: 3 of 4Peers' median 17.7%
  • Revenue growthAbove its median7.5%
    3.5%15.7%
    Against its peers: 1 of 4Peers' median 0.5%
  • EPS growthLowest in 5 years13.1%
    13.1%36.4%
    Against its peers: 1 of 4Peers' median 7.9%
  • Debt to EBITDAAt its median2.44×
    1.92×2.99×
    Against its peers: 1 of 4Peers' median 2.92×
  • Current ratioLowest in 5 years1.11
    1.111.32
    Against its peers: 1 of 4Peers' median 0.85

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Wabtec growth and profitability

Revenue (TTM)
12.21B USD
Net income (TTM)
1.37B USD
Gross margin
35.00%
Operating margin
17.18%
Net margin
11.20%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202511.17B+7.51%1.17B+10.80%31.48%16.06%10.48%2.27B+9.86%
FY202410.39B+7.34%1.06B+29.57%32.41%15.49%10.17%2.07B+15.84%
FY20239.68B+15.73%815.00M+28.75%30.42%13.08%8.42%1.79B+21.90%
FY20228.36B+6.90%633.00M+13.44%30.38%12.09%7.57%1.47B+8.19%
FY20217.82B+3.52%558.00M+34.78%30.29%11.20%7.13%1.36B+18.76%

Wabtec revenue breakdown

By product

FY2025
Freight: 72.0%Transit: 28.0%72.0%Freight28.0%Transit
SegmentRevenueShare of revenueChange on the year
Freight8.04B72.0%+7.6%
Transit3.13B28.0%+7.3%

By region

FY2025
United States: 49.5%India: 6.4%Other Europe: 6.1%Canada: 5.1%South America: 4.7%Australia and New Zealand: 4.2%Kazakhstan, Russia and CIS: 4.0%France: 3.9%Germany: 3.5%United Kingdom: 2.9%Other Asia and Middle East: 2.8%China: 2.7%Mexico: 2.5%Italy: 1.7%49.5%United States6.4%India6.1%Other Europe5.1%Canada4.7%South America4.2%Australia and New Zealand4.0%Kazakhstan, Russia and CIS3.9%France3.5%Germany2.9%United Kingdom2.8%Other Asia and Middle East2.7%China2.5%Mexico1.7%Italy
RegionRevenueShare of revenueChange on the year
United States5.37B49.5%+9.0%
India699.00M6.4%+20.7%
Other Europe663.00M6.1%+8.3%
Canada555.00M5.1%-9.9%
South America513.00M4.7%+15.3%
Australia and New Zealand453.00M4.2%-5.8%
Kazakhstan, Russia and CIS431.00M4.0%-22.9%
France419.00M3.9%+13.6%
Germany379.00M3.5%+2.2%
United Kingdom313.00M2.9%+5.7%
Other Asia and Middle East300.00M2.8%+16.3%
China297.00M2.7%+22.7%
Mexico270.00M2.5%-1.8%
Italy182.00M1.7%+9.6%

How Wabtec makes its money

Freight8.04B 72.0%
Transit3.13B 28.0%
Revenue11.17B 100.0%
Cost of revenue7.65B 68.5%
Gross profit3.52B 31.5%
Research and development223.00M 2.0%
Selling and administration1.42B 12.7%
Other operating expenses76.00M 0.7%
Operating income1.79B 16.1%
Tax409.00M 3.7%
Other expense214.00M 1.9%
Net income1.17B 10.5%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Wabtec dividends

Annual dividend
1.24 USD
Dividend yield (indicated)
0.41%
Payout ratio
15.37%
Years of dividend growth
5
Frequency
Quarterly
Next payment
0.31 USD
Next ex-dividend date
17 Nov 2026
Next payment date
1 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share1.000.800.680.600.480.480.480.480.440.36

Wabtec financial health

Cash and short-term investments
489.00M USD
Total debt
6.77B USD
Net cash
-6.29B USD
Free cash flow (TTM)
1.78B USD
Current ratio
1.10
Debt to equity
0.60
Piotroski score
7 / 9
Altman Z-score
3.57

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025789.00M5.54B1.50B
FY2024706.00M3.98B1.63B
FY2023620.00M4.07B1.02B
FY2022541.00M4.00B889.00M
FY2021473.00M4.06B943.00M

Wabtec ownership

Institutions
93.11%
Institutional holders
1,212 (+29)
Free float
99.29%

Who owns the shares

Institutions 93.1% Others 6.9%
As of 30 Jun 2026

Shares free to trade

Free float 166.62M shares ·99.3% Closely held 1.18M shares ·0.7%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 20260200.004.35K
Q3 20260352.19K25.06K
Q2 20260249.08K76.54K
Q1 2026041312.29K188.75K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025170.50M171.10M-2.12%
FY2024174.10M174.80M-2.62%
FY2023178.80M179.50M-1.81%
FY2022182.20M182.80M-2.82%
FY2021187.70M188.10M-1.21%

Source: Financial Modeling Prep

Related Instruments

Title: Wabtec

Sector: Industrials
Industry: Railroads
Westinghouse Air Brake Technologies Corp provides value-added, technology-based products and services for the freight rail and passenger transit industries and the mining, marine, and industrial markets. It provides its products and services through two main business segments: Freight and Transit. The company generates maximum revenue from the Freight segment, which manufactures new and modernized locomotives, provides aftermarket parts and services to existing locomotives, provides components to new and existing freight cars; builds new commuter locomotives; supplies rail control and infrastructure products, including electronics, positive train control equipment, signal design, and engineering services. Geographically, it generates a majority of its revenue from the United States.

Common questions about Wabtec stock