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Westinghouse Air Brake Technologies Corporation logo
Westinghouse Air Brake Technologies Corporation WAB
$ 288.96 1.95%
report update icon

Quarterly report 2026-Q3
added 10-21-2026

Westinghouse Air Brake Technologies Corporation Income Statement 2025-2007 | WAB

Brief overview of revenue and earnings at Westinghouse Air Brake Technologies Corporation

The comparison covers a five-year financial horizon. According to figures from Westinghouse Air Brake Technologies Corporation, revenue changed from $7.6 billion to $11.2 billion over five years. The total change was +47.8%, with a CAGR of approximately 8.1%. The company expanded at a measured pace.

The five-year change in gross profit reached +78.1%: from $2.1 billion to $3.8 billion. The cost base moved more slowly than the top line, which supported margins. At the margin level, the figure shifted from 28.3% to 34.1%. Improving gross profitability strengthens the quality of revenue growth.

EBITDA changed from 1.2 billion dollars to 2.3 billion dollars (+88.3%). Operating profitability strengthened faster than the scale of sales. EBITDA margin moved from 16.1% to 20.5%. The business generated more EBITDA from each unit of revenue.

The net result moved from 414 million dollars to 1.2 billion dollars, or +182.6%. The latest figure was the best within the selected horizon.

Over the period, capitalization shifted from 13.7 billion dollars to 43.6 billion dollars (+219.2%). Investors assigned a higher value to the business over time.

Summary assessment

The indicators form a favorable picture of business development. The positive side is supported by a larger revenue base, an improving EBITDA margin and better sales economics. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.

Annual Income Statement Westinghouse Air Brake Technologies Corporation

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

Market Cap

43.6 B 32.9 B 24.1 B 19.3 B 17.4 B 13.7 B 13.1 B 6.57 B 7.87 B 7.84 B 6.14 B 7.99 B 7.03 B 4.38 B 3.31 B 999 M 870 M 1.1 B -

Shares

170 M 174 M 179 M 182 M 188 M 190 M 170 M 96 M 95.5 M 90.4 M 96.1 M 95.8 M 95.5 M 95.5 M 95.6 M 47.6 M 47.5 M 48.2 M -

Historical Prices

256 189 135 106 92.7 71.9 67.7 71.8 79.2 77.5 67.9 91 75.9 46.7 35.6 21 18.3 22.8 19.7

Net Income

1.17 B 1.06 B 815 M 633 M 558 M 414 M 327 M 295 M 262 M 305 M 399 M 352 M 292 M 252 M 170 M 123 M 115 M 131 M -

Revenue

11.2 B 10.4 B 9.68 B 8.36 B 7.82 B 7.56 B 8.2 B 4.36 B 3.88 B 2.93 B 3.31 B 3.04 B 2.57 B 2.39 B 1.97 B 1.51 B 1.4 B - -

Cost of Revenue

7.36 B 7.02 B 6.73 B 5.82 B 5.45 B 5.42 B 5.92 B 3.13 B 2.82 B 2.01 B 2.26 B 2.11 B 1.8 B 1.7 B 1.4 B 1.06 B 1.01 B 1.15 B -

Gross Profit

3.81 B 3.37 B 2.94 B 2.54 B 2.37 B 2.14 B 2.28 B 1.23 B 1.07 B 924 M 1.05 B 936 M 764 M 695 M 570 M 449 M 393 M 427 M -

Operating Income

1.79 B 1.61 B 1.27 B 1.01 B 876 M 745 M 663 M 473 M 421 M 457 M 608 M 527 M 437 M 392 M 271 M 203 M 180 M 213 M -

Interest Expense

-2 M 2 M 32 M -1 M 1 M -1 M -1 M 1.2 M 3.1 M 629 K -652 K 765 K 2.63 M 14.9 M -15.4 M 16 M -16.7 M 292 K -

EBITDA

2.29 B 2.11 B 1.8 B 1.49 B 1.37 B 1.22 B 902 M 513 M 458 M 481 M 629 M 550 M 455 M 408 M 286 M 241 M 216 M 242 M -

Operating Expenses

2.01 B 1.76 B 1.68 B 1.53 B 1.49 B 1.39 B 1.61 B 760 M 644 M 466 M 440 M 409 M 327 M 302 M 300 M 246 M 213 M 215 M -

General and Administrative Expenses

1.49 B 1.25 B 1.14 B 1.03 B 1.03 B 948 M - - - - - - - - - 196 M 161 M 171 M -

All numbers in USD currency

Quarterly Income Statement 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

Shares

170 M 169 M 170 M 171 M 170 M 171 M 170 M 171 M 173 M 175 M 176 M 178 M 179 M 179 M 180 M 181 M 181 M 182 M 184 M 186 M 188 M 189 M 188 M 189 M 190 M 190 M 191 M 192 M 190 M 177 M 121 M 96.6 M 96.2 M 96 M 95.8 M 96 M 95.7 M 95.6 M 95.2 M 95.4 M 89.6 M 89.8 M 91.3 M 91.8 M 96.4 M 96.3 M 96.2 M 96.3 M 95.9 M 96 M 95.5 M 95.9 M 95.8 M 95.8 M 95 M 95.4 M 95.3 M 95.7 M 47.7 M 47.9 M 47.9 M 48 M 47.7 M - 47.7 M 47.7 M

Net Income

309 M 395 M 362 M - 310 M 336 M 322 M - 283 M 289 M 272 M - 240 M 191 M 169 M - 160 M 166 M 150 M - 131 M 125 M 115 M - 128 M 86.8 M 112 M 136 M 91.1 M 104 M -4.5 M 34.4 M 87.7 M 84.4 M 88.4 M 48.9 M 67.4 M 72 M 73.9 M 46.3 M 82.4 M 90.5 M 94.2 M 102 M 99.2 M 102 M 96.2 M 92.7 M 90.2 M 88.7 M 80.1 M 74 M 73.9 M 74.6 M 69.6 M 64.8 M 63 M 64.7 M 59.3 M 46.3 M 46.6 M 36.3 M 41 M - 30.5 M 31.2 M

Revenue

2.89 B 3.18 B 2.95 B - 2.89 B 2.71 B 2.61 B - 2.66 B 2.64 B 2.5 B - 2.55 B 2.41 B 2.19 B - 2.08 B 2.05 B 1.93 B - 1.91 B 2.01 B 1.83 B - 1.87 B 1.74 B 1.93 B 2.37 B 2 B 2.24 B 1.59 B 1.12 B 1.08 B 1.11 B 1.06 B 1.08 B 958 M 932 M 916 M 760 M 676 M 724 M 772 M 833 M 810 M 847 M 819 M 821 M 797 M 731 M 695 M 681 M 631 M 638 M 616 M 610 M 588 M 610 M 583 M 535 M 499 M 479 M 455 M - - -

Cost of Revenue

1.88 B 2.02 B 1.89 B - 1.88 B 1.77 B 1.71 B - 1.78 B 1.77 B 1.68 B - 1.76 B 1.68 B 1.53 B - 1.43 B 1.4 B 1.33 B - 1.3 B 1.43 B 1.3 B - 1.3 B 1.25 B 1.35 B - 1.4 B 1.62 B 1.2 B - 776 M 788 M 745 M - 705 M 658 M 646 M - 463 M 486 M 517 M - 552 M 579 M 563 M - 550 M 506 M 486 M - 443 M 445 M 433 M - 416 M 436 M 414 M - 352 M 336 M 322 M - 266 M 261 M

Gross Profit

1 B 1.16 B 1.06 B - 1 B 938 M 900 M - 880 M 874 M 815 M - 792 M 723 M 665 M - 648 M 645 M 595 M - 603 M 580 M 534 M - 566 M 487 M 579 M 675 M 599 M 615 M 389 M 297 M 302 M 324 M 311 M 268 M 253 M 274 M 270 M 219 M 212 M 237 M 255 M 268 M 257 M 268 M 255 M 254 M 247 M 225 M 210 M 200 M 188 M 193 M 183 M 180 M 171 M 173 M 169 M 147 M 147 M 143 M 133 M - 109 M 113 M

Operating Income

491 M 600 M 517 M - 491 M 472 M 474 M - 433 M 430 M 412 M - 370 M 312 M 276 M - 261 M 264 M 239 M - 217 M 203 M 192 M - 207 M 159 M 217 M 226 M 169 M 201 M 67.3 M 93.4 M 125 M 124 M 131 M 91.5 M 102 M 113 M 115 M 62.8 M 120 M 133 M 142 M 151 M 152 M 156 M 148 M 137 M 136 M 132 M 122 M 111 M 110 M 113 M 104 M 100 M 96.8 M 101 M 94.1 M 72.5 M 75.5 M 56.4 M 66.4 M - 50.6 M 49.7 M

Interest Expense

-2 M -1 M 1 M - -2 M -2 M 1 M - -1 M 2 M -1 M - -1 M -1 M - - 2 M - -2 M - -2 M 700 K -1 M - -200 K 2.3 M -2.5 M - 1 M 400 K 100 K - 1.3 M -173 K -34 K - 660 K -41 K 830 K - 308 K 301 K -8 K - 121 K -346 K -472 K - 301 K -19 K 344 K - -656 K 406 K 4.2 M - 4.46 M 3.29 M 3.84 M - -5.29 M 4.2 M -3.22 M - -791 K 1.09 M

EBITDA

568 M 743 M 656 M - 619 M 589 M 594 M - 567 M 548 M 535 M - 444 M 385 M 399 M - 334 M 336 M 361 M - 585 M 276 M 312 M - 560 M 393 M 333 M 226 M 458 M 366 M 123 M 93.4 M 208 M 177 M 159 M 91.5 M 179 M 164 M 140 M 62.8 M 169 M 166 M 158 M 151 M 200 M 187 M 164 M 137 M 181 M 160 M 135 M 111 M 147 M 138 M 115 M 100 M 128 M 121 M 104 M 72.5 M 109 M 77.1 M 77.2 M - 77.5 M 66.8 M

Operating Expenses

511 M 561 M 544 M - 511 M 466 M 426 M - 447 M 444 M 403 M - 422 M 411 M 389 M - 387 M 381 M 356 M - 386 M 377 M 342 M - 360 M 327 M 361 M - 430 M 414 M 322 M - 177 M 200 M 180 M - 152 M 161 M 155 M - 92.4 M 104 M 113 M - 105 M 112 M 107 M - 111 M 92.3 M 87.7 M - 78.3 M 80.3 M 79.2 M - 74.4 M 72.6 M 75.3 M - 71.7 M 86.4 M 66.8 M - 58.6 M 63.8 M

General and Administrative Expenses

375 M 400 M 401 M - 375 M 347 M 307 M - 318 M 316 M 281 M - 295 M 285 M 263 M - 260 M 259 M 238 M - 269 M 262 M 234 M - 253 M 217 M 243 M - 292 M 291 M 260 M - 147 M 171 M 147 M - 118 M 128 M 123 M - 70.8 M 80.6 M 89.8 M - 82.2 M 89 M 84.8 M - 88.4 M 73 M 70.1 M - 63.4 M 63.9 M 64.3 M - 59.7 M 59.2 M 62 M - 57.7 M 73.9 M 54.8 M - 46.6 M 51.2 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Westinghouse Air Brake Technologies Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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