Wabtec

WAB Industrials Railroads

Wabtec’s revenue for fiscal 2025 (year ended December 2025) was $11.2 billion, up 7.51% from fiscal 2024.

Revenue
+17.5%
EPS
+18.9%
Free cash flow
+122.9%
Total debt
+37.4%

Quarter to June 2026, against a year earlier

279.60 5.96 −2.09%
Market cap
$47.9B
P/E
37.5×
Fwd P/E
30.0×
Dividend yield
0.53%
F-score
6/9
Altman Z
3.06
Beneish M
−2.56
Dividend safety
89/100

Wabtec 10-Q filed Oct 21, 2026

Fiscal Q3 2026 · Period ended Sep 30, 2026 · Filed · accepted 10:12 AM ET · Document on sec.gov · Filing index

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jul 22, 2026: 7 added · 3 removed · 34 modified; 20 with only figures updated

  1. Modified · Business Update

    Total multi-year backlog increased $3.54.0 billion during the first sixnine months of 2026 to a record $30.931.4 billion at JuneSeptember 30, 2026. Significant Freight orders included a multi-year, multi-billion-dollar mining contract for drive systems and aftermarket parts, a $1.0 billion Australian order during the first nine months of 2026 included international orders spanning across new locomotives, components, digital solutions, and multi-year services, including a $210 million U.Smulti-year service agreement supporting the Simandou mining project. Other significant Freight orders included a multi-year, multi-billion-dollar mining contract for drive systems and aftermarket parts, new locomotive and modernization order, a $184 million orders in North America across multiple Class 1 customers, an international Positive Train Control (PTC) order, and a $52 million mining drive systems order in the Asia-Pacific region. We also began executing the first EVO modernization build to support the commercial rollout to the installed base. KeyIn Transit orders during the first sixnine months of 2026 included $109 million, we were awarded several significant orders across multiple key customers in brakes, couplers, and platform doors.