One plan - full access

No subscription, no auto-renewal, no hidden terms.
Pay once and use it for 30 days.

PRO plan No auto-renewal
$18

30 days of full access
One-time payment

🌐 US & Global Companies
Get access for 30 days →
♧ Secure payment · Instant access

What is included

  • ✓Full access to detailed company analysis
  • ✓Fundamental screener
  • ✓Advanced stock screener filters
  • ✓5 ratings. Separate lists for US & Global Companies and MOEX
  • ✓Company data export in XLSX and CSV
  • ✓MarketCap’s overall ranking of top companies
  • ✓Analytics updates after each new financial report
⚠ The service is not an investment advisor. Financial statement data from public companies is available to everyone - MarketCap structures and analyzes it.
Westinghouse Air Brake Technologies Corporation logo
Westinghouse Air Brake Technologies Corporation WAB
$ 303.45 1.82%
report update icon

Quarterly report 2026-Q3
added 10-21-2026

Westinghouse Air Brake Technologies Corporation Balance Sheet 2025-2007 | WAB

Brief balance sheet overview of Westinghouse Air Brake Technologies Corporation

This overview follows the five latest available annual observations between 2021 and 2025.

The asset base progressed from $18.5 billion to $22.1 billion, equal to +19.6% overall and about 4.6% per year.

Funding shifted toward liabilities: they gained +32.4%, compared with +19.6% for assets.

The equity ratio reached 50.5% from 55.5%. A high capital share reduces dependence on liabilities.

Net debt is $4.8 billion, or 0.43x of equity. This is a conservative debt position.

The cash share moved from 2.6% to 3.6%. A higher figure generally provides more room in an adverse scenario.

Retained earnings are $3.9 billion versus $4.1 billion initially. The direction shows how results contributed to equity.

Overall picture

Taken together, the figures indicate acceptable resilience for Westinghouse Air Brake Technologies Corporation. The next assessment depends on debt and equity trends.

Annual Balance Sheet Westinghouse Air Brake Technologies Corporation

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

Net Debt

4.75 B 3.26 B 3.45 B 3.46 B 3.58 B 295 M 3.83 B 3.28 B 1.64 B 1.49 B 470 M 95.3 M 165 M 102 M 110 M 185 M 203 M - -

Long Term Debt

4.29 B 3.48 B 3.29 B 3.75 B 4.06 B 447 M 4.33 B 3.79 B 1.82 B 1.76 B 695 M 520 M 450 M 318 M 396 M 382 M 359 M - -

Long Term Debt Current

1.25 B 500 M 781 M 251 M 2 M 447 M 95.7 M - - - - - - 43 K 68 K 40.1 M 32.7 M - -

Total Non Current Liabilities

- - - - - - 5.69 B 4.13 B 2.18 B 2.16 B 934 M 757 M 655 M 516 M 570 M - - - -

Total Current Liabilities

5.15 B 3.79 B 4.06 B 3.47 B 2.91 B 3.23 B 3.26 B 1.65 B 1.57 B 1.45 B 665 M 739 M 579 M 553 M 541 M 348 M 305 M - -

Total Liabilities

10.9 B 8.57 B 8.46 B 8.37 B 8.22 B 8.3 B 8.95 B 5.78 B 3.75 B 3.6 B 1.6 B 1.5 B 1.23 B 1.07 B 1.11 B 900 M 807 M - -

Deferred Revenue

1.02 B 693 M 804 M 772 M 629 M 168 M 604 M 374 M 370 M 257 M 106 M 112 M 66.6 M 82.8 M - - - - -

Retained Earnings

3.88 B 6.18 B 5.27 B 4.58 B 4.06 B 3.59 B 3.27 B 3.02 B 2.77 B 2.55 B 2.28 B 1.91 B 1.58 B 1.3 B 1.05 B 887 M 766 M - -

Total Assets

22.1 B 18.7 B 19 B 18.5 B 18.5 B 18.5 B 18.9 B 8.65 B 6.58 B 6.58 B 3.3 B 3.3 B 2.82 B 2.35 B 2.16 B 1.8 B 1.59 B - -

Cash and Cash Equivalents

789 M 715 M 620 M 541 M 473 M 599 M 604 M 581 M 233 M 398 M 226 M 426 M 286 M 216 M 286 M 237 M 189 M 142 M 235 M

Book Value

11.2 B 10.1 B 10.5 B 10.1 B 10.2 B 10.2 B 9.99 B 2.87 B 2.83 B 2.98 B 1.7 B 1.81 B 1.59 B 1.28 B 1.05 B 903 M 779 M - -

Total Shareholders Equity

11.1 B 10.1 B 10.5 B 10.1 B 10.2 B 10.2 B 9.96 B 2.87 B 2.81 B 2.21 B 1.7 B 1.81 B 1.59 B 1.28 B 1.05 B 900 M 777 M 645 M 617 M

All numbers in USD currency

Quarterly Balance Sheet Westinghouse Air Brake Technologies Corporation

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q4 2010-Q3 2010-Q2

Long Term Debt

5.54 B 4.92 B 4.71 B 4.29 B 5.03 B 4.78 B 3.5 B 3.48 B 3.52 B 3.49 B 4 B 3.29 B 3.29 B 3.4 B 3.19 B 3.75 B 3.82 B - 4.22 B 4.06 B 4.07 B 4.08 B 3.92 B 3.79 B 3.79 B 3.79 B 3.79 B 4.33 B 4.33 B 4.33 B 4.33 B 3.79 B 3.79 B 3.79 B 3.79 B 1.82 B 1.82 B 1.82 B 1.82 B 1.76 B 1.76 B 1.76 B 1.76 B 692 M 692 M 692 M 692 M 520 M 520 M 520 M 520 M 450 M 540 M 397 M 418 M 318 M 433 M 318 M 318 M 396 M 396 M 396 M 396 M 359 M 370 M 370 M

Total Non Current Liabilities

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 408 M 395 M - - - 172 M - - - - - - - - - - - - - - - - - - - - - -

Total Liabilities

10.9 B 11.9 B 12 B 10.9 B 10.4 B 9.55 B 8.68 B 8.57 B 8.35 B 8.36 B 8.24 B 8.46 B 8.43 B 8.76 B 8.54 B 8.37 B 8.34 B - 8.35 B 8.22 B 8.16 B 8.18 B 8.37 B 8.3 B 8.3 B 8.3 B 8.3 B 8.95 B 8.95 B 8.95 B 8.95 B 5.78 B 5.78 B 5.78 B 5.78 B 3.75 B 3.75 B 3.75 B 3.75 B 3.6 B 3.6 B 3.6 B 3.6 B 1.53 B 1.6 B 1.6 B 1.6 B 1.5 B 1.5 B 1.5 B 1.5 B 1.23 B 1.23 B 1.23 B 1.23 B 1.07 B 1.07 B 1.07 B 1.07 B 1.11 B 1.11 B 1.11 B 1.11 B 807 M 833 M 825 M

Deferred Revenue

1.02 B 878 M 1.01 B 1.02 B 940 M 936 M 796 M 693 M 567 M 646 M 645 M 804 M 679 M 731 M 697 M 772 M 691 M - 624 M 629 M 557 M 598 M 641 M 643 M 643 M 643 M 643 M 604 M 604 M 604 M 604 M 374 M 374 M 374 M 374 M 370 M 370 M 370 M 370 M - - - - - - - - - - - - - - - - - - - - - - - - - - -

Retained Earnings

3.88 B 4.53 B 4.19 B 3.88 B 3.72 B 3.45 B 3.16 B 6.18 B 6.01 B 5.76 B 5.5 B 5.27 B 5.08 B 4.88 B 4.72 B 4.58 B 4.45 B - 4.18 B 4.06 B 3.89 B 3.78 B 3.68 B 3.59 B 3.59 B 3.59 B 3.59 B 3.27 B 3.27 B 3.27 B 3.27 B 3.02 B 3.02 B 3.02 B 3.02 B 2.77 B 2.77 B 2.77 B 2.77 B 2.55 B 2.55 B 2.55 B 2.55 B 2.28 B 2.28 B 2.28 B 2.28 B 1.91 B 1.91 B 1.91 B 1.91 B 1.58 B 1.58 B 1.58 B 1.58 B 1.3 B 1.3 B 1.3 B 1.3 B 1.05 B 1.05 B 1.05 B 1.05 B 766 M 857 M 827 M

Total Assets

21.5 B 23.1 B 23.2 B 22.1 B 21.5 B 20.4 B 19.1 B 18.7 B 18.6 B 18.9 B 18.7 B 19 B 18.8 B 19 B 18.7 B 18.5 B 18.3 B - 18.4 B 18.5 B 18.4 B 18.5 B 18.5 B 18.5 B 18.5 B 18.5 B 18.5 B 18.9 B 18.9 B 18.9 B 18.9 B 8.65 B 8.65 B 8.65 B 8.65 B 6.58 B 6.58 B 6.58 B 6.58 B 6.58 B 6.58 B 6.58 B 6.58 B 3.23 B 3.3 B 3.3 B 3.3 B 3.3 B 3.3 B 3.3 B 3.3 B 2.82 B 2.82 B 2.82 B 2.82 B 2.35 B 2.35 B 2.35 B 2.35 B 2.16 B 2.16 B 2.16 B 2.16 B 1.59 B 1.71 B 1.63 B

Cash and Cash Equivalents

715 M 670 M 531 M 789 M 528 M 1.5 B 698 M 715 M 410 M 595 M 639 M 620 M 392 M 371 M 417 M 541 M 514 M 501 M 488 M 473 M 456 M 454 M 484 M 599 M 559 M 599 M 599 M 604 M 604 M 604 M 604 M 581 M 581 M 581 M 581 M 233 M 233 M 233 M 233 M 398 M 398 M 398 M 398 M 226 M 226 M 226 M 226 M 426 M 426 M 426 M 426 M 286 M 286 M 286 M 286 M 216 M 216 M 216 M 216 M 286 M 286 M 286 M 286 M 235 M 177 M 167 M

Book Value

10.6 B 11.2 B 11.2 B 11.2 B 11.1 B 10.8 B 10.4 B 10.1 B 10.3 B 10.5 B 10.5 B 10.5 B 10.4 B 10.2 B 10.1 B 10.1 B 9.92 B - 10.1 B 10.2 B 10.2 B 10.3 B 10.2 B 10.2 B 10.2 B 10.2 B 10.2 B 9.99 B 9.99 B 9.99 B 9.99 B 2.87 B 2.87 B 2.87 B 2.87 B 2.83 B 2.83 B 2.83 B 2.83 B 2.98 B 2.98 B 2.98 B 2.98 B 1.7 B 1.7 B 1.7 B 1.7 B 1.81 B 1.81 B 1.81 B 1.81 B 1.59 B 1.59 B 1.59 B 1.59 B 1.28 B 1.28 B 1.28 B 1.28 B 1.05 B 1.05 B 1.05 B 1.05 B 779 M 873 M 807 M

Total Shareholders Equity

10.1 B 11.2 B 11.1 B 11.1 B 11 B 10.8 B 10.4 B 10.1 B 10.3 B 10.5 B 10.5 B 10.5 B 10.4 B 10.2 B 10.1 B 10.1 B 9.92 B 9.95 B 10.1 B 10.2 B 10.2 B 10.3 B 10.2 B 10.1 B 10.1 B 10.1 B 10.1 B 9.96 B 9.96 B 9.96 B 9.96 B 2.87 B 2.87 B 2.87 B 2.87 B 2.81 B 2.81 B 2.81 B 2.81 B 2.21 B 2.21 B 2.21 B 2.21 B 1.7 B 1.7 B 1.7 B 1.7 B 1.81 B 1.81 B 1.81 B 1.81 B 1.59 B 1.59 B 1.59 B 1.59 B 1.28 B 1.28 B 1.28 B 1.28 B 1.05 B 1.05 B 1.05 B 1.05 B 779 M 869 M 804 M

All numbers in USD currency

Balance Sheet is a fundamental financial report of Westinghouse Air Brake Technologies Corporation, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

Balance sheet of other industry stocks – Railroads

Issuer Price % 24h Market Cap Country
Trinity Industries Trinity Industries
TRN
$ 30.21 1.21 % $ 2.44 B usaUSA
Kelso Technologies Kelso Technologies
KIQ
- 3.85 % $ 14.3 M canadaCanada
Мостотрест Мостотрест
MSTT
- - - russiaRussia
CSX Corporation CSX Corporation
CSX
$ 51.08 1.19 % $ 95.5 B usaUSA
Norfolk Southern Corporation Norfolk Southern Corporation
NSC
$ 327.87 0.63 % $ 73.8 B usaUSA
FreightCar America FreightCar America
RAIL
$ 5.1 14.61 % $ 162 M usaUSA
Объединённая вагонная компания Объединённая вагонная компания
UWGN
- - - russiaRussia
Объединённая вагонная компания Объединённая вагонная компания
VLHZ
- - - russiaRussia
Union Pacific Corporation Union Pacific Corporation
UNP
$ 300.82 1.28 % $ 179 B usaUSA
The Greenbrier Companies The Greenbrier Companies
GBX
$ 41.96 1.18 % $ 1.3 B usaUSA
USD Partners LP USD Partners LP
USDP
- -2.33 % $ 10.9 M usaUSA
Kansas City Southern Kansas City Southern
KSU
- -0.95 % $ 26.3 B usaUSA
Canadian Pacific Railway Limited Canadian Pacific Railway Limited
CP
$ 93.73 -0.32 % $ 85.9 B canadaCanada
Canadian National Railway Company Canadian National Railway Company
CNI
$ 126.76 -0.35 % $ 75.9 B canadaCanada
L.B. Foster Company L.B. Foster Company
FSTR
$ 41.99 0.26 % $ 436 M usaUSA