Westinghouse Air Brake Technologies Corporation (WAB) is a publicly traded company in the Industrials — Railroads industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Westinghouse Air Brake Technologies Corporation (WAB) delivers a comprehensive suite of advanced technological solutions, equipment, and services tailored for the global freight railway and urban mass transit sectors. Its operations are bifurcated into two principal divisions: Freight and Transit. The Freight segment develops, produces, and maintains critical components for both newly manufactured and operational freight carriages and locomotives.
Analysis Summary
Westinghouse Air Brake Technologies Corporation reported revenue of $11.17B in the most recent fiscal year, growing at a 5-year CAGR of 8.1%. Net income reached $1.17B, with a 23.1% 5-year CAGR.
Trailing-twelve-month margins: gross margin 34.3%, operating margin 16.5%, net margin 10.6%. Free cash flow grew at 18.3% CAGR over 5 years.
At the current price of $279.22, WAB trades at a P/E of 37.36 and an ROE of 11.36%. Market capitalisation stands at $47.2B, placing it among large-cap names.
Balance sheet quality for WAB: current ratio of 1.1, net debt of $4.75B. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Cash flow quality is strong: free cash flow of $1.50B represents 128% conversion of reported net income. High conversion (above 90%) suggests earnings translate cleanly into cash; lower conversion may indicate working capital tightness or accounting timing differences.
Price
| Price | $279.22 |
| Market Cap | $47.2B |
| Exchange | NYSE |
| Country | US |
Valuation Ratios
| P/E Ratio | 37.36 |
| Price / Book | 4.20 |
| EV / EBITDA | 21.89 |
| Dividend Yield | 0.42% |
Profitability
| Return on Equity | 11.36% |
| Return on Invested Capital | 7.64% |
| Return on Assets | 5.49% |
| Gross Margin | 34.33% |
| Operating Margin | 16.54% |
| Net Margin | 10.59% |
Financial Health
| Debt / Equity | 0.62 |
| Current Ratio | 1.12 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 3.07 |
What to look at in Industrials
Aerospace, defence, machinery, transport. Semi-cyclical. Key: backlog, operating margins, and FCF conversion.
- 5y revenue growth — Without growth, there is no long-term value creation
- Operating margin — The best indicator of operational discipline in industrials
- ROIC — Quality industrials have ROIC >15% — the rest destroy capital
- FCF conversion — FCF / Net Income — in industrials good >85%
- Net debt / EBITDA — Cyclical industrials with high debt suffer hard in recessions
- Capex / Revenue — Maintaining the machinery. <4% = possible underinvestment (future decline)
- Altman Z-Score — Bankruptcy model (NYU 1968) — combines liquidity, leverage and profitability. Key in cyclicals
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| WAB | Westinghouse Air Brake Technologies Corporation | $47.1B | 37.36 | 4.20 | 11.4% |
| ODFL | Old Dominion Freight Line, Inc. | $36.4B | 34.08 | 8.13 | 24.9% |
| RKLB | Rocket Lab USA, Inc. | $36.0B | 11.49 | -7.6% | |
| UAL | United Airlines Holdings, Inc. | $34.9B | 10.08 | 2.11 | 22.5% |
| FIX | Comfort Systems USA, Inc. | $59.5B | 38.67 | 17.23 | 53.6% |
| HEI | HEICO Corporation | $41.7B | 48.76 | 8.37 | 18.3% |
| EME | EMCOR Group, Inc. | $32.2B | 22.89 | 8.09 | 38.4% |
| IR | Ingersoll Rand Inc. | $28.4B | 29.23 | 2.76 | 9.5% |
Price Performance
| 1 month | -4.59% |
| 3 months | +1.82% |
| Year-to-date | +30.63% |
| 1 year | +46.46% |
| 3 years | +158.00% |
52-Week Range
| 52-week High | $306.64 |
| 52-week Low | $184.26 |
| Avg Volume (90d) | 912K |
Dividend History
| Date | Amount | Yield |
|---|---|---|
| 2026-08-18 | $0.3100 | 0.44% |
| 2026-05-22 | $0.3100 | 0.44% |
| 2026-02-17 | $0.3100 | 0.44% |
| 2025-11-12 | $0.2500 | 0.36% |
| 2025-08-14 | $0.2500 | 0.36% |
| 2025-05-27 | $0.2500 | 0.36% |
| 2025-02-21 | $0.2500 | 0.36% |
| 2024-11-13 | $0.2000 | 0.29% |
| 2024-08-14 | $0.2000 | 0.29% |
| 2024-05-24 | $0.2000 | 0.29% |
Related companies: EME · FIX · HEI · IR · ODFL · OTIS · RKLB
Explore sector: Industrials · Railroads
More sections of WAB: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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