WAB Financials Wabtec

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 55 d ago Overview →

Growth & profitability

Revenue has grown 8.1% per year over the past 5 years.
Net income has grown faster than revenue (23.1% vs 8.1% per year).
Operating margin has expanded, at 16.1% in the latest year.
Free cash flow has grown 18.3% per year over the past 5 years.

Financial health

Total debt ($5.5B) exceeds cash ($789M); net debt is $4.8B.
Total debt has grown in line with revenue (5.5% vs 8.1% per year).
Operating income covered interest expense 8.0× in the latest year.
Total debt is 2.4× EBITDA.

Shareholder returns

Dividends have been paid for 14 consecutive years, consuming 14.8% of earnings and 11.5% of free cash flow.
The dividend has grown 13.2% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$11.2B	$1.2B	34.1%	16.1%	10.5%	5.3%	$1.5B	$5.5B	$789M
2024	$10.4B	$1.1B	32.4%	15.5%	10.5%	5.6%	$1.6B	$4.0B	$715M
2023	$9.7B	$815M	30.4%	13.1%	7.8%	4.3%	$1.0B	$4.1B	$620M
2022	$8.4B	$633M	30.4%	12.1%	6.3%	3.4%	$889M	$4.0B	$541M
2021	$7.8B	$558M	30.3%	11.2%	5.5%	3.0%	$943M	$4.1B	$473M
2020	$7.6B	$414M	28.3%	9.9%	4.1%	2.2%	$648M	$4.2B	$599M
2019	$8.2B	$327M	27.8%	8.1%	3.3%	1.7%	$830M	$4.4B	$604M
2018	$4.4B	$295M	28.3%	10.8%	10.3%	3.4%	$221M	$3.9B	$2.3B
2017	$3.9B	$262M	27.4%	10.8%	9.3%	4.0%	$99M	—	$233M
2016	$2.9B	$305M	31.5%	15.6%	13.8%	4.6%	$400M	—	$1.1B
2015	—	$399M	—	—	23.5%	12.3%	$401M	—	$429M
2014	—	$352M	—	—	19.5%	10.6%	$425M	—	—
2013	—	$292M	—	—	18.4%	10.4%	$194M	—	—
2012	—	$252M	—	—	19.7%	10.7%	$201M	$318M	—
2011	—	$170M	—	—	16.3%	7.9%	$211M	$396M	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$3.2B	$395M	36.5%	18.9%	3.5%	1.7%	$379M	$6.6B	$670M
Mar '26	$3.0B	$362M	36.0%	17.5%	3.3%	1.6%	$153M	$6.5B	$531M
Dec '25	$3.0B	$202M	32.6%	12.0%	1.8%	0.9%	$870M	$5.5B	$789M
Sep '25	$2.9B	$310M	34.7%	17.0%	2.8%	1.4%	$312M	$5.3B	$528M
Jun '25	$2.7B	$336M	34.7%	17.4%	3.1%	1.6%	$170M	$4.8B	$1.5B
Mar '25	$2.6B	$322M	34.5%	18.2%	3.1%	1.7%	$147M	$4.0B	$698M
Dec '24	$2.6B	$212M	30.9%	12.9%	2.1%	1.1%	$639M	$4.0B	$715M
Sep '24	$2.7B	$283M	33.0%	16.3%	2.8%	1.5%	$496M	$4.0B	$410M
Jun '24	$2.6B	$289M	33.1%	16.3%	2.8%	1.5%	$189M	$4.0B	$595M
Mar '24	$2.5B	$272M	32.6%	16.5%	2.6%	1.5%	$303M	$4.0B	$639M
Dec '23	$2.5B	$215M	30.2%	12.2%	2.1%	1.1%	$609M	$4.1B	$620M
Sep '23	$2.5B	$240M	31.1%	14.5%	2.3%	1.3%	$386M	$4.0B	$392M
Jun '23	$2.4B	$191M	30.0%	13.0%	1.9%	1.0%	$77M	$4.4B	$371M
Mar '23	$2.2B	$169M	30.3%	12.6%	1.7%	0.9%	-$57M	$4.2B	$417M
Dec '22	$2.3B	$158M	28.3%	10.7%	1.6%	0.9%	$343M	$4.0B	$541M
Sep '22	$2.1B	$160M	31.1%	12.5%	1.6%	0.9%	$172M	$4.1B	$514M
Jun '22	$2.0B	$166M	31.5%	12.9%	1.7%	0.9%	$233M	$4.2B	$501M
Mar '22	$1.9B	$149M	30.9%	12.4%	1.5%	0.8%	$141M	$4.2B	$488M
Dec '21	$2.1B	$190M	31.5%	12.7%	1.9%	1.0%	$262M	$4.1B	$473M
Sep '21	$1.9B	$131M	31.6%	11.4%	1.3%	0.7%	$221M	$4.1B	$456M

Valuation over time

How the market has priced WAB against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 27.0× (Mar '23) to 40.5× (Sep '26).
The price-to-sales ratio has risen from 2.0× (Mar '23) to 4.2× (Sep '26).
The dividend yield has fallen from 0.7% (Mar '23) to 0.4% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is WAB growing its revenue and profit?

Over the past 5 years, Wabtec's revenue has grown 8.1% per year, and net income grown 23.1% per year. These are computed facts, not advice.

How much debt does WAB have?

As of FY2025, Wabtec reported $5.5B of total debt against $789M of cash; operating income covered interest expense 8.0×.

What is WAB's profit margin?

In FY2025, gross margin was 34.1%, operating margin 16.1%, and net margin 10.5%.

What is WAB's P/E ratio?

As of Sep '26, Wabtec traded at a price-to-earnings ratio of about 40.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.