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Stocks · Industrials · Railroad Equipment

Wabtec

WAB Clue Score55
United States Fiscal year ends December CIK 0000943452
$285.43 +1.65% Close, 9 Oct 2026
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Price $285.43 +219.63% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue2.93Operating income0.46Net income0.30EPS, diluted3.34Fiscal year 2017Revenue3.88 +32.4%Operating income0.42Net income0.26 −14.0%EPS, diluted2.72Fiscal year 2018Revenue4.36 +12.4%Operating income0.47Net income0.29 +12.4%EPS, diluted3.05Fiscal year 2019Revenue8.20 +87.9%Operating income0.66Net income0.33 +10.9%EPS, diluted1.84Fiscal year 2020Revenue7.56 −7.9%Operating income0.75Net income0.41 +26.6%EPS, diluted2.17Fiscal year 2021Revenue7.82 +3.5%Operating income0.88Net income0.56 +34.8%EPS, diluted2.96Fiscal year 2022Revenue8.36 +6.9%Operating income1.01Net income0.63 +13.4%EPS, diluted3.46Fiscal year 2023Revenue9.68 +15.7%Operating income1.27Net income0.82 +28.8%EPS, diluted4.53Fiscal year 2024Revenue10.39 +7.3%Operating income1.61Net income1.06 +29.6%EPS, diluted6.04Fiscal year 2025Revenue11.17 +7.5%Operating income1.79Net income1.17 +10.8%EPS, diluted6.83
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2.93 3.88 4.36 8.20 7.56 7.82 8.36 9.68 10.39 11.17
Growth +32.4% +12.4% +87.9% −7.9% +3.5% +6.9% +15.7% +7.3% +7.5%
Operating income 0.46 0.42 0.47 0.66 0.75 0.88 1.01 1.27 1.61 1.79
Net income 0.30 0.26 0.29 0.33 0.41 0.56 0.63 0.82 1.06 1.17
Growth −14.0% +12.4% +10.9% +26.6% +34.8% +13.4% +28.8% +29.6% +10.8%
EPS, diluted 3.34 2.72 3.05 1.84 2.17 2.96 3.46 4.53 6.04 6.83

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin31.5%Operating margin15.6%Net margin10.4%Free cash flow margin13.7%Fiscal year 2017Gross margin27.4%Operating margin10.8%Net margin6.8%Free cash flow margin2.6%Fiscal year 2018Gross margin28.3%Operating margin10.8%Net margin6.8%Free cash flow margin5.1%Fiscal year 2019Gross margin27.8%Operating margin8.1%Net margin4.0%Free cash flow margin10.1%Fiscal year 2020Gross margin28.3%Operating margin9.9%Net margin5.5%Free cash flow margin8.6%Fiscal year 2021Gross margin30.3%Operating margin11.2%Net margin7.1%Free cash flow margin12.1%Fiscal year 2022Gross margin30.4%Operating margin12.1%Net margin7.6%Free cash flow margin10.6%Fiscal year 2023Gross margin30.4%Operating margin13.1%Net margin8.4%Free cash flow margin10.5%Fiscal year 2024Gross margin32.4%Operating margin15.5%Net margin10.2%Free cash flow margin15.7%Fiscal year 2025Gross margin34.1%Operating margin16.1%Net margin10.5%Free cash flow margin13.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 31.5% 27.4% 28.3% 27.8% 28.3% 30.3% 30.4% 30.4% 32.4% 34.1%
Operating margin 15.6% 10.8% 10.8% 8.1% 9.9% 11.2% 12.1% 13.1% 15.5% 16.1%
Net margin 10.4% 6.8% 6.8% 4.0% 5.5% 7.1% 7.6% 8.4% 10.2% 10.5%
Free cash flow margin 13.7% 2.6% 5.1% 10.1% 8.6% 12.1% 10.6% 10.5% 15.7% 13.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.45Capital expenditure−0.05Free cash flow0.40Buybacks−0.21Dividends paid−0.03Fiscal year 2017Operating cash flow0.19Capital expenditure−0.09Free cash flow0.10 −75.2%Buybacks0.00Dividends paid−0.04Fiscal year 2018Operating cash flow0.31Capital expenditure−0.09Free cash flow0.22 +123.0%Buybacks0.00Dividends paid−0.05Fiscal year 2019Operating cash flow1.02Capital expenditure−0.19Free cash flow0.83 +274.9%Buybacks0.00Dividends paid−0.08Fiscal year 2020Operating cash flow0.78Capital expenditure−0.14Free cash flow0.65 −21.9%Buybacks−0.21Dividends paid−0.09Fiscal year 2021Operating cash flow1.07Capital expenditure−0.13Free cash flow0.94 +45.5%Buybacks−0.30Dividends paid−0.09Fiscal year 2022Operating cash flow1.04Capital expenditure−0.15Free cash flow0.89 −5.7%Buybacks−0.47Dividends paid−0.11Fiscal year 2023Operating cash flow1.20Capital expenditure−0.19Free cash flow1.02 +14.2%Buybacks−0.41Dividends paid−0.12Fiscal year 2024Operating cash flow1.83Capital expenditure−0.21Free cash flow1.63 +60.3%Buybacks−1.10Dividends paid−0.14Fiscal year 2025Operating cash flow1.76Capital expenditure−0.26Free cash flow1.50 −7.9%Buybacks−0.22Dividends paid−0.17
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.45 0.19 0.31 1.02 0.78 1.07 1.04 1.20 1.83 1.76
Capital expenditure −0.05 −0.09 −0.09 −0.19 −0.14 −0.13 −0.15 −0.19 −0.21 −0.26
Free cash flow 0.40 0.10 0.22 0.83 0.65 0.94 0.89 1.02 1.63 1.50
Growth −75.2% +123.0% +274.9% −21.9% +45.5% −5.7% +14.2% +60.3% −7.9%
Buybacks −0.21 0.00 0.00 0.00 −0.21 −0.30 −0.47 −0.41 −1.10 −0.22
Dividends paid −0.03 −0.04 −0.05 −0.08 −0.09 −0.09 −0.11 −0.12 −0.14 −0.17

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.40Shareholders’ equity2.21Fiscal year 2017Cash0.23Shareholders’ equity2.81Fiscal year 2018Cash0.58Total debt3.86Net cash (debt)−3.28Shareholders’ equity2.87Debt to equity1.35Fiscal year 2019Cash0.60Total debt4.43Net cash (debt)−3.83Shareholders’ equity9.96Debt to equity0.44Fiscal year 2020Cash0.60Total debt4.24Net cash (debt)−3.64Shareholders’ equity10.12Debt to equity0.42Fiscal year 2021Cash0.47Total debt4.06Net cash (debt)−3.59Shareholders’ equity10.20Debt to equity0.40Fiscal year 2022Cash0.54Total debt4.00Net cash (debt)−3.46Shareholders’ equity10.10Debt to equity0.40Fiscal year 2023Cash0.62Total debt4.07Net cash (debt)−3.45Shareholders’ equity10.49Debt to equity0.39Fiscal year 2024Cash0.72Total debt3.98Net cash (debt)−3.27Shareholders’ equity10.09Debt to equity0.39Fiscal year 2025Cash0.79Total debt5.54Net cash (debt)−4.75Shareholders’ equity11.14Debt to equity0.50
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.40 0.23 0.58 0.60 0.60 0.47 0.54 0.62 0.72 0.79
Total debt n/a n/a 3.86 4.43 4.24 4.06 4.00 4.07 3.98 5.54
Net cash (debt) n/a n/a −3.28 −3.83 −3.64 −3.59 −3.46 −3.45 −3.27 −4.75
Shareholders’ equity 2.21 2.81 2.87 9.96 10.12 10.20 10.10 10.49 10.09 11.14
Debt to equity n/a n/a 1.35 0.44 0.42 0.40 0.40 0.39 0.39 0.50

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
31.5% 27.4% 28.3% 27.8% 28.3% 30.3% 30.4% 30.4% 32.4% 34.1%
15.6% 10.8% 10.8% 8.1% 9.9% 11.2% 12.1% 13.1% 15.5% 16.1%
14.1% 9.1% 8.4% 5.5% 7.4% 9.4% 10.2% 11.3% 13.6% 14.3%
10.4% 6.8% 6.8% 4.0% 5.5% 7.1% 7.6% 8.4% 10.2% 10.5%
13.7% 2.6% 5.1% 10.1% 8.6% 12.1% 10.6% 10.5% 15.7% 13.4%
Spending
2.4% 2.5% 2.0% 2.6% 2.1% 2.3% 2.5% 2.3% 2.0% 2.0%
12.7% 13.2% 14.5% 14.2% 12.5% 13.2% 12.3% 11.8% 12.0% 13.3%
1.7% 2.3% 2.1% 2.3% 1.8% 1.7% 1.8% 1.9% 2.0% 2.3%
24.1% 25.5% 20.6% 26.8% 26.0% 23.3% 24.9% 24.5% 24.3% 25.7%
Returns
13.8% 9.3% 10.3% 3.3% 4.1% 5.5% 6.3% 7.8% 10.5% 10.5%
4.6% 4.0% 3.4% 1.7% 2.2% 3.0% 3.4% 4.3% 5.6% 5.3%
Balance and payout
n/a n/a 1.35 0.44 0.42 0.40 0.40 0.39 0.39 0.50
54.8% 57.0% 66.8% 47.2% 45.0% 44.5% 45.2% 44.6% 45.8% 49.3%
10.6% 16.1% 15.7% 25.1% 22.5% 16.5% 17.5% 15.1% 13.3% 14.8%
61.1% 42.5% 20.9% 9.9% 46.3% 41.6% 65.7% 52.4% 76.0% 26.4%