FY2025 · ended Dec 31, 2025 · Revenue $11.17B, +7.5% YoY · Filed Feb 13, 2026
Westinghouse Air Brake Technologies Corporation (WAB) files with the SEC under industry code 3743, Railroad Equipment. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $11.2 billion and net income of $1.2 billion. Free cash flow was $1.5 billion. As of Sep 30, 2026 it held $489.0 million in cash and investments and $6.8 billion in total debt.
Revenue (TTM)
$12.21B
+13.2% vs year-ago TTM
Net income (TTM)
$1.37B
+15.9% vs year-ago TTM
Operating cash flow (TTM)
$2.09B
+40.1% vs year-ago TTM
Free cash flow (TTM)
$1.78B
+40.6% vs year-ago TTM
EPS (TTM)
$8.04
+16.8% vs year-ago TTM
Dividend per share
$1.00
+25.0% vs prior year
Shares outstanding
170.52M
-0.2% vs prior year
Net cash
$-6.29B
as of Sep 30, 2026
Operating margin
17.2%
FY 2026
Company profile
- Industry
- Railroad Equipment (SIC 3743)
- Listed as
- WAB (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Pittsburgh, PA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 943452
- Former names
- WABTEC CORP (until Jan 14, 2000); WESTINGHOUSE AIR BRAKE CO /DE/ (until Nov 19, 1999)
Other Railroad Equipment companies
- Trinity Industries Inc TRN
- Greenbrier Companies Inc GBX
- FreightCar America, Inc. RAIL
- Rail Vision Ltd. RVSN
- Kelso Technologies Inc KIQSF
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $11.2B | $10.4B | $9.7B | $8.4B | $7.8B |
| Operating income | $1.8B | $1.6B | $1.3B | $1.0B | $876.0M |
| Net income | $1.2B | $1.1B | $815.0M | $633.0M | $558.0M |
| Diluted EPS | $6.83 | $6.04 | $4.53 | $3.46 | $2.96 |
| Operating cash flow | $1.8B | $1.8B | $1.2B | $1.0B | $1.1B |
| Free cash flow | $1.5B | $1.6B | $1.0B | $889.0M | $943.0M |
| Total assets | $22.1B | $18.7B | $19.0B | $18.5B | $18.5B |
| Total liabilities | $10.9B | $8.6B | $8.5B | $8.4B | $8.2B |
| Stockholders' equity | $11.1B | $10.1B | $10.5B | $10.1B | $10.2B |
| Cash and investments | $789.0M | $715.0M | $620.0M | $541.0M | $473.0M |
| Total debt | $5.9B | $4.3B | $4.4B | $4.3B | $4.4B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement, New debt
|
Nov 4, 2026 | Nov 4, 2026 |
| 8-K |
Current report
Other events
|
Nov 3, 2026 | Nov 2, 2026 |
| 10-Q | Quarterly report | Oct 21, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Oct 21, 2026 | Oct 21, 2026 |
| 8-K |
Current report
New debt
|
Oct 1, 2026 | Oct 1, 2026 |
| 10-Q | Quarterly report | Jul 22, 2026 | Jun 30, 2026 |
All 1004 Westinghouse Air Brake Technologies Corporation SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.