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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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Home›WAB›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) financials

Income statement

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$2.93B$3.88B$4.36B$8.20B$7.56B$7.82B$8.36B$9.68B$10.4B$11.2B
Revenue growth—32.4%12.4%87.9%-7.9%3.5%6.9%15.7%7.3%7.5%
Gross profit$924M$1.07B$1.23B$2.28B$2.14B$2.37B$2.54B$2.94B$3.37B$3.81B
Gross margin31.5%27.4%28.3%27.8%28.3%30.3%30.4%30.4%32.4%34.1%
Operating income$457M$421M$473M$663M$745M$876M$1.01B$1.27B$1.61B$1.79B
Operating margin15.6%10.8%10.8%8.1%9.9%11.2%12.1%13.1%15.5%16.1%
Net income$305M$262M$295M$327M$414M$558M$633M$815M$1.06B$1.17B
Net margin10.4%6.8%6.8%4.0%5.5%7.1%7.6%8.4%10.2%10.5%
EPS (diluted)$3.34$2.72$3.05$1.84$2.17$2.96$3.46$4.53$6.04$6.83

Cash flow

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$451M$189M$315M$1.02B$784M$1.07B$1.04B$1.20B$1.83B$1.76B
Capital expenditures$50.2M$89.5M$93.3M$186M$136M$130M$149M$186M$207M$260M
Free cash flow$400M$99.3M$221M$830M$648M$943M$889M$1.01B$1.63B$1.50B
Share buybacks$212M$0.00$0.00$0.00$207M$300M$473M$409M$1.10B$223M
Dividends paid$32.4M$42.2M$46.3M$82.0M$93.0M$92.0M$111M$123M$140M$173M

Balance sheet

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$1.14B$233M$2.34B$604M$599M$473M$541M$620M$715M$789M
Total assets$6.58B$6.58B$8.65B$18.9B$18.5B$18.5B$18.5B$19.0B$18.7B$22.1B
Total liabilities$3.60B$3.75B$5.78B$8.95B$8.30B$8.21B$8.37B$8.46B$8.57B$10.9B
Long-term debt——$3.79B$4.33B$3.79B$4.06B$3.75B$3.29B$3.48B$4.29B
Shareholders' equity$2.21B$2.81B$2.87B$9.96B$10.1B$10.2B$10.1B$10.5B$10.1B$11.1B
Retained earnings$2.55B$2.77B$3.02B$3.27B$3.59B$4.05B$4.58B$5.27B$6.18B$3.88B
Shares (wtd avg diluted)91.1M96.1M96.5M177M190M188M183M180M175M171M

Every figure is extracted from WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP's annual revenue?
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) reported $11.2B of revenue for fiscal year 2025 — up 7.5% from $10.4B in FY2024, per its annual report filed with the SEC.
Is WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP profitable?
Yes — WAB earned $1.17B of net income in FY2025, a 10.5% net margin, per SEC filings.
What is WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP's free cash flow?
$1.50B in FY2025 (operating cash flow $1.76B minus $260M of capital expenditures), from the SEC cash-flow statement.
Does WAB pay a dividend?
Yes — WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP paid $173M in cash dividends during FY2025, per its SEC cash-flow statement.
Full WAB analysis — verdict, score & filings →Is WAB a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.