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    Data / Companies / WAB

    Westinghouse Air Brake Technologies Corp.NYSE · S&P 500

    WAB-US · CIK 0000943452 · Railroad Equipment

    JSONEDGAR

    $272.30

    Last close · 23 Oct 2026

    196.14 – 305.79

    52-week range

    $45.7B

    Market value

    $12.2B

    Revenue, LTM · +13.2%

    $1.4B

    Net income, LTM · +15.9%

    33.8×

    P/E, LTM

    0.43%

    Dividend yield

    624

    Filings held

    DES OverviewFA Financial statementsGP ChartsRAT RatiosERN ResultsSEG SegmentsEVT 8-K eventsFIL FilingsINS Insider tradesF144 Planned salesHDS Large holdersOWN Fund holdersPAY Executive payVOTE Shareholder votesCNG House tradesSI Short interestDVD DividendsPEER PeersABT About

    WAB US Equity

    OverviewDESFinancial statementsFAChartsGPRatiosRATResultsERNSegmentsSEG8-K eventsEVTFilingsFILInsider tradesINSPlanned salesF144Large holdersHDSFund holdersOWNExecutive payPAYShareholder votesVOTEHouse tradesCNGShort interestSIDividendsDVDPeersPEERAboutABT

    Revenue by quarter

    US$ · last 8
    Hover a column for its exact figure
    $0$1B$2B$3B$4B
    Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
    QuarterRevenueNet incomeEPS
    Q3 FY2026$3.1B$409.0M2.42
    Q2 FY2026$3.2B$395.0M2.33
    Q1 FY2026$3.0B$362.0M2.12
    Q4 FY2025$3.0B$202.0M1.18

    Newest filings

    All 624
    FormFiledAccepted (ET)
    S-3ASR21 Oct 202621 Oct, 4:18 PM
    10-Q21 Oct 202621 Oct, 10:12 AM
    8-K21 Oct 202621 Oct, 7:08 AM
    8-K1 Oct 20261 Oct, 4:02 PM
    10-Q22 Jul 2026
    8-K22 Jul 2026
    11-K23 Jun 2026
    SD1 Jun 2026

    Description

    Ticker
    WAB-US
    Exchange
    NYSE
    Index
    S&P 500
    Industry
    Railroad Equipment
    SIC division
    Manufacturing
    CIK
    0000943452
    LEI
    06BTX5UWZD0GQ5N5Y745
    Fiscal year ends
    Dec
    Filings held
    624 since 1996
    8-K events
    238
    Shares short
    3.5M, 30 Sep 2026

    Financial statements

    The income statement, balance sheet and cash flow by year and by quarter, line by line as the company reports them. Each column names the filing it comes from.

    22 lines · 18 years · US$ millionsJSON
    Fiscal periodFY2008FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
    Period endingDec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
    Source filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
    Filed25 Feb 201124 Feb 201222 Feb 201321 Feb 201420 Feb 201519 Feb 201628 Feb 201726 Feb 201827 Feb 201924 Feb 202019 Feb 202117 Feb 202215 Feb 202314 Feb 202412 Feb 202513 Feb 202613 Feb 202613 Feb 2026
    +Total net sales1,575M1,402M1,507M1,968M2,391M2,566M3,045M3,308M2,931M3,882Mr4,364Mr8,200M7,556Mr7,822M8,362M9,677M10,387M11,167M
    −Total cost of sales1,148M1,008M1,058M1,397M1,697M1,802M2,109M2,260M2,007M2,816Mr3,130Mr5,922M5,419M5,453M5,822M6,733M7,021M7,361M
    Gross profit427M393M449M570M695M764M936M1,048M924M1,065Mr1,234Mr2,278M2,137Mr2,369M2,540M2,944M3,366M3,806M
    % of total net sales27.1%28.1%29.8%29.0%29.0%29.8%30.7%31.7%31.5%27.4%28.3%27.8%28.3%30.3%30.4%30.4%32.4%34.1%
    +Selling, general and administrative expenses171M161M196M248M246M263M325M347M374Mr513Mr633Mr1,167Mr948Mr1,030M1,029M1,139M1,248M1,490M
    +Engineering expenses39M42M40M37M41M46M62M71M71M95Mr88Mr210Mr162Mr176M209M218M206M223M
    +Amortization expense5.1M9.8M10M15M15M18M22M22M23M37Mr40Mr238Mr282Mr287M291M321M303M300M
    −Total operating expenses215M213M246M300M302M327M409M440M468Mr644Mr761Mr1,615Mr1,392Mr1,493M1,529M1,678M1,757M2,013M
    Income from operations213M180M203M271M392M437M527M608M457Mr421Mr473Mr663Mr745Mr876M1,011M1,266M1,609M1,793M
    % of total net sales13.5%12.8%13.5%13.8%16.4%17.0%17.3%18.4%15.6%10.8%10.8%8.1%9.9%11.2%12.1%13.1%15.5%16.1%
    −Interest expense, net-8.5M-17M-16M-15M-14M-15M-18M-17M-50Mr-78Mr-112Mr-219Mr-199Mr-177M186M218M201M225M
    +Other income, net0.3M0M-0.1M-0.4M-0.7M-0.9M-1.7M-5.3M6.5Mr8.9Mr6.4Mr3Mr11Mr38M29M44M2M24M
    Income before income taxes–––––421M508M585M413M352Mr368Mr447Mr557Mr737M854M1,092M1,410M1,592M
    % of total net sales16.4%16.7%17.7%14.1%9.1%8.4%5.5%7.4%9.4%10.2%11.3%13.6%14.3%
    −Income tax expense74M48M64M85M126M129M156M187M99M90Mr76Mr120Mr145Mr172M213M267M343M409M
    Net income––––––352M399M313M262Mr292Mr327Mr412Mr565M641M825M1,067M1,183M
    % of total net sales11.6%12.1%10.7%6.8%6.7%4.0%5.5%7.2%7.7%8.5%10.3%10.6%
    −Less: Net income attributable to noncontrolling interest––––––0M0M8.5M0Mr-3.2Mr0Mr-2Mr7M8M10M11M13M
    Net income attributable to Wabtec shareholders131M115M123M170M252M292M352M399M305M262Mr295Mr327Mr414Mr558M633M815M1,056M1,170M
    % of total net sales8.3%8.2%8.2%8.6%10.5%11.4%11.6%12.1%10.4%6.8%6.8%4.0%5.5%7.1%7.6%8.4%10.2%10.5%
    Net income attributable to Wabtec shareholders1.34s1.21s1.28s1.772.623.053.664.143.372.743.061.912.182.963.464.546.056.84
    Net income attributable to Wabtec shareholders1.33s1.20s1.28s1.762.603.013.624.103.342.723.051.842.172.963.464.536.046.83
    Basic97Ms95Ms95Ms96Mr96Mr96M96M96M90M96Mr96Mr171M190M188M182M179M174M171M
    Diluted98Ms96Ms96Ms97Mr97M97M97M97M91M96Mr97Mr177M190M188M183M180M175M171M

    Hover a figure for its source.r restated in a later filings adjusted for a stock split– not reported in that period

    Lines in the order and wording of the 10-K filed 13 Feb 2026. 375 of 375 subtotals add up to the company's own totals, and the balance sheet balances in 82 of 82 periods. Newest filing read: 22 Jul 2026.

    Free for personal research, with credit (Data by Shikshan Nivesh) and a link. API access, bulk files and commercial use need a licence: the data licence.

    Charts

    Any figure or ratio in the record, by year, by quarter or on a trailing twelve months, as a value or as growth, against a peer if you like. Hover for the figures.

    Revenue · quarterly · US$

    Latest Jun 2026: $3.18B

    WAB · Westinghouse Air Brake Technologies Corp.20102026

    Revenue = rev

    $3.2B · Jun 2026
    17.5% · Jun 2026
    7.8% · Jun 2026
    35.0% · Jun 2026
    GrossOperatingNet
    $395M · Jun 2026
    $1.7B · Jun 2026
    $2.33 · Jun 2026
    171.1M · Dec 2025
    $670M · Jun 2026
    CashDebt
    9.1% · Dec 2025
    $1.8B · Dec 2025
    Operating cash flowCapital spending
    $1.00 · Dec 2025
    Revenue by segment
    Freight SegmentTransit SegmentTransit GroupFreight GroupEach fiscal year as its annual report gives it.
    Price at its own past P/E range
    WAB $272.30 · 36.6× P/E · 23 Oct 2026
    Month-end priceAt its median P/E, 31.0×Between its 10th and 90th percentile, 20.5× to 43.2×

    Method. Each month-end, the trailing-twelve-month diluted EPS known that month (from filings filed by then) at the 10th, 50th and 90th percentile of this stock's own month-end P/E from 2012-05 to 2026-10. Months with the figure at or below zero are left out. A summary of the multiples the stock has traded at, not a value.

    Ratios

    Every ratio, worked out the same way for every company, by year or on a trailing twelve months. Hover a ratio for its formula.

    145 ratios · 14 in profitabilityJSON
    Fiscal year endingDec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
    Return on common equity––14.7%17.5%21.7%20.4%20.7%22.7%15.6%10.5%10.4%5.1%4.1%5.5%6.2%7.9%10.3%11.0%
    Return on assets––7.3%8.6%11.2%11.3%11.5%12.2%6.2%4.0%3.9%2.4%2.2%3.0%3.4%4.3%5.6%5.7%
    Return on capital––10.7%13.1%17.2%16.7%16.7%17.5%10.9%7.3%6.6%4.6%3.8%4.7%5.4%6.7%8.5%8.7%
    Return on invested capital––12.9%16.1%20.7%19.4%20.0%20.3%12.1%7.9%7.1%4.9%4.0%4.9%5.5%7.0%8.9%9.1%
    Gross margin27.1%28.1%29.8%29.0%29.0%29.8%30.7%31.7%31.5%27.4%28.3%27.8%28.3%30.3%30.4%30.4%32.4%34.1%
    EBITDA margin15.4%15.4%16.0%16.0%18.3%19.0%19.3%20.3%18.0%13.5%13.4%13.0%16.1%17.5%17.8%18.6%20.3%20.5%
    Operating margin13.5%12.8%13.5%13.8%16.4%17.0%17.3%18.4%15.6%10.9%10.8%8.1%9.9%11.2%12.1%13.1%15.5%16.1%
    Incremental operating margin–18.8%21.6%14.7%28.7%25.7%18.8%30.5%40.1%−3.7%10.7%4.9%−12.6%49.5%25.0%19.4%48.3%23.6%
    Pretax margin13.0%11.7%12.4%13.0%15.8%16.4%16.7%17.7%14.1%9.1%8.4%5.4%7.4%9.4%10.2%11.3%13.6%14.3%
    Profit margin8.3%8.2%8.2%8.6%10.5%11.4%11.6%12.1%10.4%6.8%6.8%4.0%5.5%7.1%7.6%8.4%10.2%10.5%
    Net income to common margin8.3%8.2%8.2%8.6%10.5%11.4%11.6%12.1%10.4%6.8%6.8%4.0%5.5%7.1%7.6%8.4%10.2%10.5%
    Effective tax rate36.1%29.6%34.1%33.4%33.3%30.6%30.8%31.9%24.1%25.5%20.6%26.9%26.0%23.3%24.9%24.5%24.3%25.7%
    Dividend payout ratio1.5%1.7%1.6%2.3%3.0%4.3%5.5%6.8%10.6%16.1%15.7%25.1%22.4%16.5%17.5%15.1%13.3%14.8%
    Sustainable growth rate––14.5%17.1%21.0%19.5%19.6%21.2%14.0%8.8%8.8%3.8%3.2%4.6%5.1%6.7%8.9%9.4%
    Hover a ratio for its formula as computed; avg() is the mean of the line now and a year earlier. The bar mark charts it. Worked out the same way for every company, from the standardized statements. Newest filing read: 22 Jul 2026.

    What the company said with its results

    The key points, guidance and management's own words from each of the last four results releases.

    Key points

    • Sales grew 8.1 percent to $3.12 billion

      Net sales were $3.12 billion, up from $2,886 million a year earlier. The company attributed the increase to higher Freight and Transit sales, including acquisitions.

    • Adjusted EPS rose 22 percent

      Adjusted diluted EPS was $2.83, up 22.0% from $2.32. GAAP diluted EPS was $2.42, up 33.7% from $1.81. Management cited currency fluctuations as a non-operational benefit.

    • Nine-month sales and EPS higher

      Nine-month net sales were $9,249 million versus $8,202 million. Nine-month GAAP diluted EPS was $6.86 versus $5.64, and adjusted diluted EPS was $8.29.

    • Freight sales up 6.9 percent

      Freight net sales were $2,237 million, up from $2,093 million. Freight income from operations was $515 million, up from $414 million.

    • Freight margin rose on gross margin

      Freight GAAP operating margin was 23.0% and adjusted operating margin 26.4%, up 3.2 and 1.9 points. The company cited gross margin gains and lower operating expenses as a share of revenue.

    • Transit sales up 11.3 percent

      Transit net sales were $883 million, up 11.3%, or 12.5% on a constant currency basis. Transit income from operations was $145 million, up from $115 million.

    • Transit margins rose on gross margin

      Transit GAAP operating margin was 16.4% and adjusted operating margin 18.1%, up 1.9 and 2.6 points. Higher operating expenses as a share of revenue partly offset the gross margin gains.

    • Freight services up 6.7 percent

      Freight services sales rose 6.7% on core services demand and higher modernization deliveries. Services sales were $794 million versus $744 million a year earlier.

    • Equipment sales nearly flat

      Equipment sales were $679 million versus $677 million. Higher mining sales were partly offset by fewer locomotive deliveries.

    • Digital sales up 24.2 percent

      Digital Intelligence sales reached $369 million, up from $297 million. The company cited the Frauscher acquisition and core digital demand.

    • Components sales up 5.3 percent

      Components sales rose 5.3% to $395 million, from $375 million, on industrial, maintenance of way and international demand.

    • Transit OE and aftermarket sales up

      Transit original equipment sales were $408 million versus $367 million. Transit aftermarket sales were $475 million versus $426 million.

    • Operating margin expanded to 20.0 percent

      GAAP operating margin was 20.0%, up 3.0 points. Adjusted operating margin was 22.9%, up 1.9 points. The company cited sales growth and improved gross margins.

    • Gross margin expanded 2.6 points

      GAAP gross margin was 37.3%, against 34.7% a year earlier. Adjusted gross margin was 37.4%, against 35.6%.

    Guidance

    • Adjusted diluted EPS$10.85 - $11.05full year 2026 · raised from $10.60 - $10.90
    • Net sales$12.30 billion to $12.60 billionfull year 2026 · kept from $12.30 billion to $12.60 billion

    In their words

    “Wabtec delivered another strong quarter, evidenced by sales growth, margin expansion and a 22% increase in adjusted EPS” Rafael Santana, Wabtec’s Chairman and CEO
    “Our teams continue to translate healthy customer demand into profitable growth while investing in technologies that will advance the future of transportation.” Rafael Santana, Wabtec’s Chairman and CEO
    “The Company’s multi-year backlog continues to provide strong visibility.”

    Coming up

    Investor call held today. The company said it would host a call with analysts and investors at 8:30 a.m. ET on the day of the release.

    Audio replay of the call. The company said an audio replay of the call would be available by phone, with the dial-in numbers and access code given.

    Revenue by segment

    As the company reports it in the segment note of each annual report: by business, by product and by region, latest year.

    By business, FY2025
    • Freight Segment$8.0B 72.0%
    • Transit Segment$3.1B 28.0%
    17 years held, FY2009 to FY2025
    By product, FY2025
    • Product$9.3B 82.9%
    • Services$1.9B 17.1%
    17 years held, FY2009 to FY2025

    Company events

    Every 8-K, sorted by the event it reports, with the moment the SEC accepted it in New York time.

    21 Oct 202621 Oct, 7:08 AM ET8-KResultsInvestor update2.02, 7.01, 9.01
    1 Oct 20261 Oct, 4:02 PM ET8-KNew debt2.03
    22 Jul 20268-KResultsInvestor update2.02, 7.01, 9.01
    15 May 20268-KShareholder vote5.07
    22 Apr 20268-KResultsInvestor update2.02, 7.01, 9.01
    3 Mar 20268-KInvestor update7.01, 9.01
    11 Feb 20268-KResultsInvestor update2.02, 7.01, 9.01
    22 Oct 20258-KResultsInvestor update2.02, 7.01, 9.01
    24 Jul 20258-KResultsInvestor update2.02, 7.01, 9.01
    1 Jul 20258-KInvestor updateOther events7.01, 8.01, 9.01
    29 May 20258-KMaterial agreementNew debt1.01, 2.03, 9.01
    20 May 20258-KOther events8.01, 9.01
    19 May 20258-KOther events8.01, 9.01
    19 May 20258-KShareholder vote5.07
    25 Apr 20258-KMaterial agreementNew debt1.01, 2.03, 9.01
    23 Apr 20258-KResultsInvestor update2.02, 7.01, 9.01
    18 Feb 20258-KInvestor update7.01, 9.01
    12 Feb 20258-KResultsInvestor update2.02, 7.01, 9.01
    14 Jan 20258-KResultsInvestor updateOther events2.02, 7.01, 8.01, 9.01
    9 Dec 20248-KOther events8.01
    4 Dec 20248-KLeadership change5.02
    23 Oct 20248-KResultsInvestor update2.02, 7.01, 9.01
    24 Jul 20248-KResultsInvestor update2.02, 7.01, 9.01
    20 May 20248-KShareholder vote5.07
    24 Apr 20248-KResultsInvestor update2.02, 7.01, 9.01
    18 Mar 20248-KMaterial agreementNew debt1.01, 2.03, 9.01
    13 Mar 20248-KInvestor update7.01, 9.01
    11 Mar 20248-KMaterial agreementNew debt1.01, 2.03, 9.01
    27 Feb 20248-KOther events8.01, 9.01
    14 Feb 20248-KResultsInvestor update2.02, 7.01, 9.01
    25 Oct 20238-KResultsInvestor update2.02, 7.01, 9.01
    27 Jul 20238-KResultsInvestor update2.02, 7.01, 9.01
    19 May 20238-KShareholder vote5.07
    26 Apr 20238-KResultsInvestor update2.02, 7.01, 9.01
    17 Mar 20238-KInvestor update7.01, 9.01
    15 Feb 20238-KResultsInvestor update2.02, 7.01, 9.01
    14 Feb 20238-KBylaws or fiscal year changeOther events5.03, 8.01, 9.01
    7 Dec 20228-KLeadership change5.02, 9.01
    1 Nov 20228-KResultsInvestor update2.02, 7.01, 9.01
    17 Aug 20228-KMaterial agreementNew debt1.01, 2.03, 9.01
    5 Aug 20228-KResultsInvestor update2.02, 7.01, 9.01
    27 Jul 20228-KOther events8.01, 9.01
    25 Jul 20228-KOther events8.01
    1 Jul 20228-KLeadership change5.02, 9.01
    15 Jun 20228-KOther events8.01
    24 May 20228-KLeadership changeShareholder vote5.02, 5.07
    27 Apr 20228-KResultsInvestor update2.02, 7.01, 9.01
    6 Apr 20228-KLeadership change5.02, 9.01
    9 Mar 20228-KInvestor update7.01, 9.01
    16 Feb 20228-KResultsInvestor updateOther events2.02, 7.01, 8.01
    1–50 of 150
    8-K events each year
    Hover a column for its exact count
    051015
    '04'08'12'16'20'24'26

    Every filing

    The company's filings with the SEC, newest first: 624 held. Insider, fund and large-holder filings have their own tables below.

    21 Oct 2026S-3ASR–21 Oct, 4:18 PM ET
    21 Oct 202610-Q30 Sep 202621 Oct, 10:12 AM ET
    21 Oct 20268-K21 Oct 202621 Oct, 7:08 AM ET
    1 Oct 20268-K1 Oct 20261 Oct, 4:02 PM ET
    22 Jul 202610-Q30 Jun 2026
    22 Jul 20268-K22 Jul 2026
    23 Jun 202611-K31 Dec 2025
    1 Jun 2026SD–
    15 May 20268-K12 May 2026
    22 Apr 202610-Q31 Mar 2026
    22 Apr 20268-K22 Apr 2026
    31 Mar 2026ARS31 Dec 2025
    31 Mar 2026DEFA14A–
    31 Mar 2026DEF 14A12 May 2026
    3 Mar 20268-K3 Mar 2026
    13 Feb 202610-K31 Dec 2025
    11 Feb 20268-K11 Feb 2026
    22 Oct 202510-Q30 Sep 2025
    22 Oct 20258-K22 Oct 2025
    24 Jul 202510-Q30 Jun 2025
    24 Jul 20258-K24 Jul 2025
    1 Jul 20258-K1 Jul 2025
    25 Jun 202511-K31 Dec 2024
    30 May 2025SD–
    29 May 20258-K29 May 2025
    20 May 20258-K19 May 2025
    19 May 2025POSASR–
    19 May 20258-K19 May 2025
    19 May 20258-K15 May 2025
    25 Apr 20258-K23 Apr 2025
    23 Apr 202510-Q31 Mar 2025
    23 Apr 20258-K23 Apr 2025
    3 Apr 2025ARS31 Dec 2024
    3 Apr 2025DEFA14A–
    3 Apr 2025DEF 14A15 May 2025
    18 Feb 20258-K18 Feb 2025
    12 Feb 202510-K31 Dec 2024
    12 Feb 20258-K12 Feb 2025
    14 Jan 20258-K13 Jan 2025
    9 Dec 20248-K3 Dec 2024
    4 Dec 20248-K2 Dec 2024
    23 Oct 202410-Q30 Sep 2024
    23 Oct 20248-K23 Oct 2024
    24 Jul 202410-Q30 Jun 2024
    24 Jul 20248-K24 Jul 2024
    25 Jun 202411-K31 Dec 2023
    31 May 2024SD–
    20 May 20248-K16 May 2024
    24 Apr 202410-Q31 Mar 2024
    24 Apr 20248-K24 Apr 2024
    1–50 of 150

    Insider trades

    Form 4 trades by officers, directors and 10% owners, last 12 months, with the shares they held after.

    6 Oct 2026Santana RafaelPresident and CEOSale under a trading plan259$291.37$75.5K115,8967 Oct 2026
    6 Oct 2026Santana RafaelPresident and CEOSale under a trading plan345$292.33$100.9K115,5517 Oct 2026
    6 Oct 2026Santana RafaelPresident and CEOSale under a trading plan261$293.34$76.6K115,2907 Oct 2026
    6 Oct 2026Santana RafaelPresident and CEOSale under a trading plan222$294.16$65.3K115,0687 Oct 2026
    5 Oct 2026Santana RafaelPresident and CEOSale under a trading plan42$287.24$12.1K117,2007 Oct 2026
    5 Oct 2026Santana RafaelPresident and CEOSale under a trading plan36$288.14$10.4K117,1647 Oct 2026
    5 Oct 2026Santana RafaelPresident and CEOSale under a trading plan33$289.96$9.6K117,1317 Oct 2026
    5 Oct 2026Santana RafaelPresident and CEOSale under a trading plan278$291.52$81.0K116,8537 Oct 2026
    5 Oct 2026Santana RafaelPresident and CEOSale under a trading plan614$292.36$179.5K116,2397 Oct 2026
    5 Oct 2026Santana RafaelPresident and CEOSale under a trading plan84$292.99$24.6K116,1557 Oct 2026
    2 Sep 2026Santana RafaelPresident and CEOSale under a trading plan370$279.21$103.3K117,9593 Sep 2026
    2 Sep 2026Santana RafaelPresident and CEOSale under a trading plan323$280.21$90.5K117,6363 Sep 2026
    2 Sep 2026Santana RafaelPresident and CEOSale under a trading plan268$281.10$75.3K117,3683 Sep 2026
    2 Sep 2026Santana RafaelPresident and CEOSale under a trading plan126$282.03$35.5K117,2423 Sep 2026
    1 Sep 2026Santana RafaelPresident and CEOSale under a trading plan194$278.93$54.1K119,2313 Sep 2026
    1 Sep 2026Santana RafaelPresident and CEOSale under a trading plan590$279.87$165.1K118,6413 Sep 2026
    1 Sep 2026Santana RafaelPresident and CEOSale under a trading plan194$280.86$54.5K118,4473 Sep 2026
    1 Sep 2026Santana RafaelPresident and CEOSale under a trading plan118$281.74$33.2K118,3293 Sep 2026
    21 Aug 2026Mendonca RogerioPresident, Equipment GroupSale outside a trading plan2,910$297.05$864.4K7,97724 Aug 2026
    21 Aug 2026Mendonca RogerioPresident, Equipment GroupSale outside a trading plan9$296.24$2.7K7,96824 Aug 2026
    20 Aug 2026Fetsko MichaelPres., Freight Components Grp.Sale outside a trading plan2,962$293.16$868.3K37,66821 Aug 2026
    20 Aug 2026Fetsko MichaelPres., Freight Components Grp.Sale outside a trading plan288$293.84$84.6K37,38021 Aug 2026
    17 Aug 2026Sbrocco GregoryEVP OperationsSale under a trading plan952$300.00$285.6K21,04318 Aug 2026
    5 Aug 2026Santana RafaelPresident and CEOSale under a trading plan397$296.14$117.6K120,1916 Aug 2026
    5 Aug 2026Santana RafaelPresident and CEOSale under a trading plan518$297.05$153.9K119,6736 Aug 2026
    5 Aug 2026Santana RafaelPresident and CEOSale under a trading plan194$298.26$57.9K119,4796 Aug 2026
    5 Aug 2026Santana RafaelPresident and CEOSale under a trading plan54$298.85$16.1K119,4256 Aug 2026
    4 Aug 2026Santana RafaelPresident and CEOSale under a trading plan80$296.46$23.7K121,6716 Aug 2026
    4 Aug 2026Santana RafaelPresident and CEOSale under a trading plan120$297.68$35.7K121,5516 Aug 2026
    4 Aug 2026Santana RafaelPresident and CEOSale under a trading plan334$298.90$99.8K121,2176 Aug 2026
    4 Aug 2026Santana RafaelPresident and CEOSale under a trading plan629$299.70$188.5K120,5886 Aug 2026
    24 Jul 2026Deninno David LExec VP, General Counsel, Sec.Sale outside a trading plan3,000$301.31$903.9K55,12827 Jul 2026
    24 Jul 2026Gebhardt EricChief Technology OfficerSale outside a trading plan1,107$297.39$329.2K25,14627 Jul 2026
    24 Jul 2026Gebhardt EricChief Technology OfficerSale outside a trading plan2,040$298.86$609.7K23,10627 Jul 2026
    24 Jul 2026Gebhardt EricChief Technology OfficerSale outside a trading plan2,353$299.69$705.2K20,75327 Jul 2026
    24 Jul 2026Gebhardt EricChief Technology OfficerSale outside a trading plan1,600$300.49$480.8K19,15327 Jul 2026
    24 Jul 2026Gaur SameerPres., Global Freight ServicesSale outside a trading plan1,000$300.64$300.6K10,98527 Jul 2026
    7 Jul 2026Santana RafaelPresident and CEOSale under a trading plan287$254.34$73.0K122,6278 Jul 2026
    7 Jul 2026Santana RafaelPresident and CEOSale under a trading plan147$255.60$37.6K122,4808 Jul 2026
    7 Jul 2026Santana RafaelPresident and CEOSale under a trading plan189$256.50$48.5K122,2918 Jul 2026
    7 Jul 2026Santana RafaelPresident and CEOSale under a trading plan283$258.37$73.1K122,0088 Jul 2026
    7 Jul 2026Santana RafaelPresident and CEOSale under a trading plan257$259.12$66.6K121,7518 Jul 2026
    6 Jul 2026Santana RafaelPresident and CEOSale under a trading plan815$261.55$213.2K123,2628 Jul 2026
    6 Jul 2026Santana RafaelPresident and CEOSale under a trading plan164$262.81$43.1K123,0988 Jul 2026
    6 Jul 2026Santana RafaelPresident and CEOSale under a trading plan184$263.68$48.5K122,9148 Jul 2026
    12 Jun 2026Gaur SameerPres., Global Freight ServicesSale outside a trading plan1,082$263.50$285.1K11,98516 Jun 2026
    8 Jun 2026Santana RafaelPresident and CEOSale under a trading plan400$259.66$103.9K124,8409 Jun 2026
    8 Jun 2026Santana RafaelPresident and CEOSale under a trading plan299$260.80$78.0K124,5419 Jun 2026
    8 Jun 2026Santana RafaelPresident and CEOSale under a trading plan193$261.81$50.5K124,3489 Jun 2026
    8 Jun 2026Santana RafaelPresident and CEOSale under a trading plan251$262.83$66.0K124,0979 Jun 2026
    1–50 of 135

    Planned insider sales

    Form 144 notices, filed when the sell order goes to the broker.

    1 Sep 2026Rafael SantanaOfficer6,531$1.8M1 Sep 2026
    21 Aug 2026ROGERIO GUIMARAES MENDONCAOfficer2,910$864.4K21 Aug 2026
    20 Aug 2026MICHAEL E FETSKOOfficer3,250$953.0K20 Aug 2026
    17 Aug 2026Sbrocco GregoryOfficer952$285.6K17 Aug 2026
    4 Aug 2026Rafael SantanaOfficer2,326$695.6K4 Aug 2026
    24 Jul 2026SAMEER GAUROfficer1,000$300.6K24 Jul 2026
    24 Jul 2026DAVID L DENINNOOfficer3,000$903.9K24 Jul 2026
    24 Jul 2026ERIC GEBHARDTOfficer7,100$2.1M24 Jul 2026
    12 Jun 2026SAMEER GAUROfficer1,082$285.1K12 Jun 2026
    5 May 2026DAVID L DENINNOOfficer2,500$663.7K5 May 2026
    5 May 2026Sbrocco GregoryOfficer3,727$981.8K5 May 2026
    4 May 2026Rafael SantanaOfficer6,978$1.8M4 May 2026
    14 Apr 2026Rafael SantanaOfficer60,852$16.3M14 Apr 2026
    12 Mar 2026GINA TROMBLEYOfficer4,013$970.6K12 Mar 2026
    9 Mar 2026Rafael SantanaOfficer2,326$574.5K9 Mar 2026
    26 Feb 2026SAMEER GAUROfficer1,150$302.0K26 Feb 2026
    25 Feb 2026NALIN JAINOfficer7,936$2.1M25 Feb 2026
    24 Feb 2026JOHN A OLINOfficer11,000$2.9M24 Feb 2026
    20 Feb 2026ROGERIO GUIMARAES MENDONCAOfficer3,500$924.7K20 Feb 2026
    19 Feb 2026Sbrocco GregoryOfficer952$246.0K19 Feb 2026
    17 Dec 2025Rafael SantanaOfficer10,788$2.3M17 Dec 2025
    12 Dec 2025MICHAEL E FETSKOOfficer5,058$1.1M12 Dec 2025
    4 Dec 2025ROGERIO GUIMARAES MENDONCAOfficer2,019$433.1K4 Dec 2025
    12 Nov 2025JOHN A MASTALERZOfficer2,766$580.9K12 Nov 2025
    12 Nov 2025PASCAL SCHWEITZEROfficer3,000$624.2K11 Nov 2025
    12 Nov 2025David DeNinnoExecutive Vice President10,000$2.1M12 Nov 2025
    31 Oct 2025Sbrocco GregoryOfficer2,424$494.0K31 Oct 2025
    28 Oct 2025DAVID L DENINNOOfficer2,100$419.7K28 Oct 2025
    23 Oct 2025GREG SBROCCOOfficer2,953$577.1K23 Oct 2025

    Large holders

    Schedule 13D and 13G filings by holders of more than 5% of the voting shares.

    6 Aug 2026FMR LLC13G amended12.7%21.6M
    6 May 2026FMR LLC13G amended11.6%19.7M
    30 Apr 2026Vanguard Capital Management13G7.47%12.8M
    27 Mar 2026The Vanguard Group13G amended0%0
    7 Nov 2025FMR LLC13G amended10.2%17.4M
    5 Nov 2025FMR LLC13G amended9.5%16.3M

    Trades by members of the House

    From each member's periodic transaction report: the amount is the band the report gives.

    3 Aug 2026April McClain DelaneyMD06Sale (partial)$15,001 - $50,000DC9 Sep 2026
    25 Aug 2026April McClain DelaneyMD06Sale$100,001 - $250,000DC9 Sep 2026
    23 Jul 2026April McClain DelaneyMD06Sale (partial)$15,001 - $50,000DC3 Aug 2026
    28 Jul 2026April McClain DelaneyMD06Sale (partial)$1,001 - $15,000DC3 Aug 2026
    15 Jun 2026April McClain DelaneyMD06Sale (partial)$1,001 - $15,000DC7 Jul 2026
    12 Jun 2026April McClain DelaneyMD06Sale (partial)$1,001 - $15,000DC7 Jul 2026
    4 Jun 2026April McClain DelaneyMD06Sale (partial)$1,001 - $15,000DC7 Jul 2026
    10 Jun 2026April McClain DelaneyMD06Sale (partial)$1,001 - $15,000DC7 Jul 2026
    7 Apr 2026Rick LarsenWA02Purchase$1,001 - $15,000Self15 Apr 2026
    14 Jan 2026April McClain DelaneyMD06Sale (partial)$1,001 - $15,000DC2 Feb 2026
    22 Jan 2026April McClain DelaneyMD06Sale (partial)$1,001 - $15,000DC2 Feb 2026
    30 Jan 2026April McClain DelaneyMD06Sale (partial)$1,001 - $15,000DC2 Feb 2026
    23 Sep 2025Valerie HoyleOR04Sale$1,001 - $15,000SP10 Oct 2025
    29 Oct 2024Valerie HoyleOR04Purchase$1,001 - $15,000SP12 Sep 2025
    15 May 2025Rob BresnahanPA08Sale$1,001 - $15,000Self9 Jun 2025
    25 Mar 2025April McClain DelaneyMD06Sale (partial)$1,001 - $15,000DC2 Apr 2025
    13 Jan 2025Rob BresnahanPA08Sale$1,001 - $15,000JT13 Feb 2025
    13 Jan 2025Gilbert CisnerosCA31Sale (partial)$15,001 - $50,000Self11 Feb 2025
    7 Jan 2025Gilbert CisnerosCA31Sale (partial)$1,001 - $15,000Self11 Feb 2025
    4 Sep 2024John JamesMI10Sale$1,001 - $15,000Self6 Sep 2024
    14 Feb 2024John JamesMI10Purchase$1,001 - $15,000Self2 Sep 2024

    Short interest

    Shares sold short and not yet bought back, on every FINRA settlement date.

    Shares short, each settlement
    30 Sep 20263.5M-2.64%4.13
    15 Sep 20263.6M+9.23%5.13
    31 Aug 20263.3M+19.15%4.03
    14 Aug 20262.8M-27.22%3.01
    31 Jul 20263.8M+13.38%3
    15 Jul 20263.4M+12.22%4.95
    30 Jun 20263.0M-0.36%2.98
    15 Jun 20263.0M+1.28%4.1
    29 May 20263.0M+5.27%3.06
    15 May 20262.8M-5.47%2.92
    1–10 of 211

    Funds that hold it

    Every fund's holding from its latest Form 13F, largest first, with what it added or trimmed in the quarter.

    Funds holding

    1,280

    quarter to 30 Jun 2026

    Added or new

    501

    since 31 Mar 2026

    Trimmed

    400

    in the quarter

    Largest holder

    FMR LLC

    $5.8B

    The 60 largest of 1,280 funds, by value
    FMR LLC$5.8B21.4M+1.7MAdded0.25%Filing ↗
    BlackRock, Inc.$3.7B13.9M+137.3KAdded0.06%Filing ↗
    Vanguard Capital Management LLC$3.0B11.1M+2.3KHeld0.06%Filing ↗
    State Street Corp.$2.1B7.9M+164.8KAdded0.06%Filing ↗
    Price T Rowe Associates Inc.$2.0B7.3M-731.8KTrimmed0.20%Filing ↗
    Vanguard Portfolio Management LLC$1.9B7.2M+12.8KAdded0.09%Filing ↗
    Geode Capital Management, LLC$1.2B4.5M-34.5KTrimmed0.07%Filing ↗
    FIL Ltd$950.8M3.5M+24.9KAdded0.68%Filing ↗
    Nordea Investment Management AB$835.5M3.1M-462.7KTrimmed0.68%Filing ↗
    Invesco Ltd.$753.5M2.8M+662.9KAdded0.06%Filing ↗
    Morgan Stanley$671.6M2.5M+28.4KAdded0.04%Filing ↗
    Select Equity Group, L.P.$652.9M2.4M-502.1KTrimmed3.46%Filing ↗
    Boston Partners$543.5M2.0M+62.7KAdded0.48%Filing ↗
    Norges Bank$511.4M1.9M–Held0.05%Filing ↗
    Northern Trust Corp.$466.7M1.7M+6.0KAdded0.05%Filing ↗
    Dimensional Fund Advisors LP$462.2M1.7M-11.1KTrimmed0.08%Filing ↗
    Wellington Management Group LLP$450.4M1.7M-839.4KTrimmed0.08%Filing ↗
    Amundi$426.2M1.6M+482.3KAdded0.10%Filing ↗
    JPMorgan Chase & Co.$407.8M1.5M+138.7KAdded0.02%Filing ↗
    Massachusetts Financial Services Co.$390.5M1.4M-188.0KTrimmed0.12%Filing ↗
    UBS AM, a distinct business unit of UBS Asset Management Americas LLC$384.2M1.4M+33.9KAdded0.07%Filing ↗
    AQR Capital Management LLC$369.6M1.4M+26.8KAdded0.13%Filing ↗
    Vontobel Holding Ltd.$330.9M1.2M+1.0MAdded1.11%Filing ↗
    Goldman Sachs Group Inc.$326.1M1.2M+22.6KAdded0.03%Filing ↗
    Charles Schwab Investment Management Inc.$298.6M1.1M-12.1KTrimmed0.04%Filing ↗
    American Century Companies Inc.$287.3M1.1M-159.8KTrimmed0.13%Filing ↗
    Ameriprise Financial Inc.$264.9M981.1K+802.6KAdded0.05%Filing ↗
    Royal London Asset Management Ltd$259.1M960.9K-31.5KTrimmed0.48%Filing ↗
    Vanguard Fiduciary Trust Co.$256.8M952.7K-7.2KTrimmed0.06%Filing ↗
    Kayne Anderson Rudnick Investment Management LLC$251.3M932.0K-124.8KTrimmed0.78%Filing ↗
    Nuveen, LLC$244.3M906.1K-123.8KTrimmed0.06%Filing ↗
    Legal & General Group Plc$241.4M895.3K-79.2KTrimmed0.05%Filing ↗
    Farallon Capital Management, L.l.c.$241.2M894.5K-714.9KTrimmed1.42%Filing ↗
    DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main$234.7M870.7K+483.8KAdded0.19%Filing ↗
    Beutel, Goodman & Co Ltd.$228.2M846.4K-802.5KTrimmed1.68%Filing ↗
    Bank of Montreal$221.3M820.7K-456Held0.08%Filing ↗
    Bank of New York Mellon Corp$212.7M788.9K-5.1KTrimmed0.04%Filing ↗
    Deutsche Bank AG$207.2M768.6K-64.8KTrimmed0.06%Filing ↗
    Aviva PLC$193.0M715.8K-136.1KTrimmed0.28%Filing ↗
    Bessemer Group Inc.$191.6M710.6K-6.8KTrimmed0.26%Filing ↗
    Bank of America Corp.$185.8M689.1K+21.4KAdded0.01%Filing ↗
    PointState Capital LP$172.1M638.5K+37.8KAdded3.05%Filing ↗
    Santori & Peters, Inc.$162.6M603.3K+954Added45.86%Filing ↗
    Raymond James Financial Inc.$161.7M599.8K-150.1KTrimmed0.04%Filing ↗
    UBS Group AG$156.7M581.2K-199.9KTrimmed0.03%Filing ↗
    Impax Asset Management Group plc$150.6M558.8K+240.4KAdded0.98%Filing ↗
    Robeco Institutional Asset Management B.V.$147.1M545.8K-18.1KTrimmed0.18%Filing ↗
    PNC Financial Services Group, Inc.$144.5M535.9K-28.6KTrimmed0.07%Filing ↗
    Junto Capital Management LP$142.0M526.7K+526.7KNew2.63%Filing ↗
    Park Presidio Capital LLC$132.2M490.3K-2.4KTrimmed7.49%Filing ↗
    1–50 of 60

    Executive pay and performance

    What the chief executive and the other named officers were paid, as reported and as actually paid, next to the shareholder return and net income, from each proxy's pay-versus-performance table.

    Pay versus performance
    6 fiscal years · from each proxy (DEF 14A)
    Fiscal yearCEO pay, as reportedCEO pay, actually paidOther officers, as reported (average)Other officers, actually paid (average)Shareholder return, $100Peer return, $100Net incomedjusted earnings per diluted shareProxy
    FY ending 31 Dec 2025$26.2M$45.5M$4.7M$7.3M$300$179$1.17B9DEF 14A 31 Mar 2026
    FY ending 31 Dec 2024$21.0M$63.0M$4.7M$10.1M$251$193$1.06B8DEF 14A 31 Mar 2026
    FY ending 31 Dec 2023$15.5M$26.7M$3.5M$5.6M$167$159$815.0M6DEF 14A 31 Mar 2026
    FY ending 31 Dec 2022$11.7M$15.0M$2.6M$3.0M$131$135$633.0M5DEF 14A 31 Mar 2026
    FY ending 31 Dec 2021$11.0M$16.0M$3.8M$3.6M$120$150$558.0M4DEF 14A 31 Mar 2026
    FY ending 31 Dec 2020$11.0M$9.1M$2.8M$1.5M$95$120$414.0M4DEF 14A 3 Apr 2025

    Each year from the newest proxy that reports it. Pay actually paid follows the SEC's definition and can be below zero when share awards fall in value. n the proxy's net income differs from the 10-K or was tagged without its scale: hover for which.

    Shareholder votes

    The vote count on every proposal at each meeting, from the company's 8-K.

    Meeting
    8-K, item 5.07, filed 15 May 2026
    ProposalForAgainst or withheldAbstainBroker non-votesFor, % of for and againstResult
    1. The election of three directors for a three-year term expiring in 2029:
    Rafael Santana135,039,02211,660,88292,5027,250,98792.1%–
    Lee C. Banks126,867,01719,833,90691,4837,250,98786.5%–
    Byron S. Foster134,839,59011,861,20891,6087,250,98791.9%–
    2. The approval of an advisory (non-binding) resolution relating to 2025 named executive officer compensation.
    All shares voting135,106,34411,322,714363,3487,250,98792.3%–
    3. Ratification of the appointment of Ernst & Young LLP as independent registered public accounting firm for the 2026 fiscal year.
    All shares voting139,400,39514,520,740122,258–90.6%–

    Counts as the company reports them in its 8-K. A result shows when the filing states one. Meetings since 2023.

    Dividends and buybacks

    Dividend per share, the cash paid and the shares bought back, each fiscal year.

    Dividend per share, each fiscal year
    Hover a column for its exact figure
    $0$0.5$1
    '08'11'14'17'20'23'25
    FY2025$1.00$173.0M$223.0M
    FY2024$0.80$140.0M$1.1B
    FY2023$0.68$123.0M$409.0M
    FY2022$0.60$111.0M$473.0M
    FY2021$0.48$92.0M$300.0M
    FY2020$0.48$93.0M$207.2M
    FY2019$0.48$82.0M$0
    FY2018$0.48$46.3M$0
    FY2017$0.44$42.2M$0
    FY2016$0.36$32.4M$212.2M
    1–10 of 18

    Peers

    Companies in the same industry, largest first, on the same measures.

    CompanyMarket valueRevenue, 12 monthsRevenue growthOperating marginNet marginROEP/EEV/EBITDA
    Westinghouse Air Brake Technologies Corp.this company$45.7B$12.2B13.2%17.2%11.2%12.1%33.8×19.4×
    Trinity Industries Inc.$2.0B$2.0B-18.9%37.0%16.6%29.7%6.2×6.7×
    Greenbrier Companies Inc.$1.2B$2.6B-25.6%7.2%4.1%6.8%11.3×8.5×

    What the company does

    Westinghouse Air Brake Technologies Corporation, doing business as Wabtec, is a Delaware corporation headquartered in Pittsburgh, Pennsylvania, with approximately 31,000 employees excluding contingent workers and operations in over 50 countries. George Westinghouse founded the original Westinghouse Air Brake Co. in 1869 when he invented the air brake, and the present company dates from 1990, when Westinghouse Air Brake Company acquired certain assets and operations from American Standard, Inc., now known as Trane; it went public on the New York Stock Exchange in 1995. Three deals shaped what it is now: the 1999 merger with MotivePower Industries, which brought the current name; the 2017 acquisition of Faiveley Transport, a French business with roots to 1919 that added pantographs, automatic door mechanisms, air conditioning systems and couplers; and the 2019 acquisition of GE Transportation, which brought locomotives, equipment, services and digital solutions for rail, mining, marine, stationary power and drilling. Two more were completed or announced in 2025, Evident's Inspection Technologies division and the Frauscher Sensor Technology Group. The business runs through two segments, Freight and Transit.

    Freight

    Freight was approximately 72% of total net sales in 2025, with approximately 60% of its own net sales in the U.S. and approximately 58% in the aftermarket. It manufactures new and modernized locomotives, supplies aftermarket parts and services for existing ones, provides components for new and existing freight cars, and sells rail control and infrastructure products including electronics, positive train control equipment and signalling design and engineering services. It also overhauls locomotives, makes heat exchangers and cooling systems for rail and other industrial markets, sells software-enabled solutions aimed at safety, efficiency and productivity in transportation and mining, and provides nondestructive testing, remote visual inspection and analytical instruments alongside train detection, wayside object control and axle counting systems. Customers include large publicly traded railroads, leasing companies, original equipment manufacturers of locomotives and freight cars, utilities and companies in the mining, marine and industrial markets. An installed base of nearly 24,600 locomotives underpins the services line of modernizing, rebuilding, overhauling, remanufacturing, maintaining and exchanging locomotives and components.

    From the 10-K for the year to 31 Dec 2025, filed 13 Feb 2026 · the filing ↗

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    SN Data by Shikshan Nivesh · © 2026 Borkar Nexus Private LimitedData from public SEC, House and FINRA records. Not investment advice. info@shikshannivesh.com