Stocks Industrials WAB
NYSE · IndustrialsWestinghouse Air Brake Technologies Corp (WAB)
Westinghouse Air Brake Technologies Corp brought in $12B of revenue over the twelve months to June 30, 2026, up 13.4% from a year earlier. Net income was $1.3B, a net margin of 10.6%. Operating cash flow minus capital spending left $1.5B of free cash flow in fiscal 2025. At June 30, 2026 it held $670M in cash against $6.6B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 22, 2026.
Key facts about Westinghouse Air Brake Technologies Corp
- Net worth
- Westinghouse Air Brake Technologies Corp has a market value (market cap) of $48.4B at the latest share price, and shareholders' equity of $11.2B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $11.2B (+7.5% year on year), with net income of $1.2B. Over the 12 months to June 30, 2026: revenue $12B, net income $1.3B.
- Cash flow
- In fiscal 2025 operations brought in $1.8B of cash; after $260M of capital spending, free cash flow was $1.5B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 22, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Westinghouse Air Brake Technologies Corp's next report is expected around October 21, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Westinghouse Air Brake Technologies Corp paid dividends of $1.00 per share in fiscal 2025, a yield of 0.35% at the current price.
What Westinghouse Air Brake Technologies Corp does
Westinghouse Air Brake Technologies, known as Wabtec, manufactures equipment, components, and software for the freight rail and passenger transit industries. It produces diesel locomotives, braking systems, signalling equipment, and mechanical components used by railroad operators and transit agencies worldwide. Its shares trade on NYSE under the ticker WAB.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $11.2B | $1.2B | $6.83 | $1.5B |
| 2024 | $10.4B | $1.1B | $6.04 | $1.6B |
| 2023 | $9.7B | $815M | $4.53 | $1B |
| 2022 | $8.4B | $633M | $3.46 | $889M |
| 2021 | $7.8B | $558M | $2.96 | $943M |
| 2020 | $7.6B | $414M | $2.17 | $648M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where WAB ranks in Industrials
Dividends
Westinghouse Air Brake Technologies Corp paid $1.00 per share in fiscal 2025. At the current price that is a yield of 0.35%. It paid out $173M in cash dividends, 15% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.00 | $173M | 15% |
| 2024 | $0.80 | $140M | 13% |
| 2023 | $0.68 | $123M | 15% |
| 2022 | $0.60 | $111M | 18% |
| 2021 | $0.48 | $92M | 16% |
| 2020 | $0.48 | $93M | 22% |
Latest SEC filings
What Westinghouse Air Brake Technologies Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 1, 2026New debt 8-K
- August 6, 2026Passive stake changed SCHEDULE 13G/A
- July 22, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 17% to $3.2B versus the same quarter last year; diluted EPS $2.33 versus $1.96.
- July 22, 2026
- June 23, 2026
- June 1, 2026
- May 15, 2026
- May 6, 2026Passive stake changed SCHEDULE 13G/A
- April 30, 2026Passive stake (5% or more) SCHEDULE 13G
- April 22, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 13% to $3B versus the same quarter last year; diluted EPS $2.12 versus $1.88.
What is WAB worth? A DCF from its reported cash flow
Insider trades
What the people running Westinghouse Air Brake Technologies Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $7.4M worth of shares in the last 90 days and bought none on the open market. 30% of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 6, 2026 | Santana RafaelPresident and CEO, Director | Soldpre-planned (10b5-1) | 259 | $75.5K |
| October 6, 2026 | Santana RafaelPresident and CEO, Director | Soldpre-planned (10b5-1) | 345 | $100.9K |
| October 6, 2026 | Santana RafaelPresident and CEO, Director | Soldpre-planned (10b5-1) | 261 | $76.6K |
| October 6, 2026 | Santana RafaelPresident and CEO, Director | Soldpre-planned (10b5-1) | 222 | $65.3K |
| October 5, 2026 | Santana RafaelPresident and CEO, Director | Soldpre-planned (10b5-1) | 42 | $12.1K |
| October 5, 2026 | Santana RafaelPresident and CEO, Director | Soldpre-planned (10b5-1) | 36 | $10.4K |
| October 5, 2026 | Santana RafaelPresident and CEO, Director | Soldpre-planned (10b5-1) | 33 | $9.6K |
| October 5, 2026 | Santana RafaelPresident and CEO, Director | Soldpre-planned (10b5-1) | 278 | $81K |
Who owns WAB
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Fmr LLC13G, passive with 1 related filers | 12.7% | August 6, 2026 |
| Vanguard Capital Management13G, passive | 7.47% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,187 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Fmr LLC | 21,383,543 | +1,661,114 |
| BlackRock, Inc. | 13,876,398 | +137,300 |
| Vanguard Capital Management LLC | 11,083,880 | +2,307 |
| State Street Corp | 7,905,748 | +164,806 |
| Vanguard Portfolio Management LLC | 7,170,659 | +12,783 |
| Geode Capital Management, LLC | 4,522,854 | -34,520 |
| FIL Ltd | 3,526,833 | +24,892 |
| Nordea Investment Management AB | 3,093,207 | -462,670 |
| Invesco Ltd. | 2,794,714 | +662,859 |
| Morgan Stanley | 2,491,148 | +28,409 |
| Select Equity Group, L.P. | 2,421,552 | -502,091 |
| Boston Partners | 2,019,014 | +62,716 |
| Norges Bank | 1,896,763 | new |
| Northern Trust Corp | 1,731,125 | +5,992 |
| Dimensional Fund Advisors LP | 1,714,273 | -11,088 |
| Wellington Management Group Llp | 1,670,476 | -839,436 |
| Amundi | 1,580,919 | +482,323 |
| Jpmorgan Chase & Co | 1,520,067 | +138,668 |
| Massachusetts Financial Services Co | 1,428,720 | -188,006 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 1,424,945 | +33,942 |
Insiders
21 insiders reported holding 478,975 shares in total, about $137.2M at the last price.
| Holder | Shares |
|---|---|
| Santana RafaelPresident and CEO, Director | 115,068 |
| Olin John AExecutive Vice President & CFO | 61,893 |
| DeNinno David LExec VP, General Counsel, Sec. | 55,128 |
| Fetsko MichaelPres., Freight Components Grp. | 37,380 |
| Theophilus Nicole BEVP & Chief Admin. Officer | 23,599 |
| Hehir BrianDirector | 21,406 |
| Sbrocco GregoryEVP Operations | 21,043 |
| Schweitzer PascalPresident Transit | 19,941 |
| Gebhardt EricChief Technology Officer | 19,153 |
| Trombley GinaEVP Sales & Marketing | 13,841 |
Questions about WAB
What does Westinghouse Air Brake Technologies Corp do?
Westinghouse Air Brake Technologies, known as Wabtec, manufactures equipment, components, and software for the freight rail and passenger transit industries. It produces diesel locomotives, braking systems, signalling equipment, and mechanical components used by railroad operators and transit agencies worldwide. Its shares trade on NYSE under the ticker WAB.
What is Westinghouse Air Brake Technologies Corp's net worth?
Westinghouse Air Brake Technologies Corp has a market value (market cap) of $48.4B at the latest share price, and shareholders' equity of $11.2B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Westinghouse Air Brake Technologies Corp profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $1.3B on revenue of $12B, a net margin of 10.6%.
How much revenue does Westinghouse Air Brake Technologies Corp make?
Over the twelve months to June 30, 2026 Westinghouse Air Brake Technologies Corp reported revenue of $12B. That is 13.4% more than a year earlier.
When did Westinghouse Air Brake Technologies Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 22, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from October 7, 2026.
When is Westinghouse Air Brake Technologies Corp's next earnings report?
Westinghouse Air Brake Technologies Corp's next report is expected around October 21, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does Westinghouse Air Brake Technologies Corp pay a dividend?
Yes. Westinghouse Air Brake Technologies Corp paid dividends of $1.00 per share in fiscal 2025, a yield of 0.35% at the current price.
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Where the numbers come from
Financial figures are the values Westinghouse Air Brake Technologies Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.