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
+8.11%
EPS
+34.3%
Free cash flow
+22.1%
Total debt
+20.7%

Quarter to September 2026, against a year earlier

283.80 5.32 +1.91%
Market cap
$46.7B
P/E
34.7×
Fwd P/E
30.0×
Dividend yield
0.42%
F-score
6/9
Altman Z
3.06
Beneish M
−2.56
Dividend safety
89/100

Wabtec (WAB) Free cash flow margin

Alert me on Free cash flow margin

Wabtec's free cash flow margin over the twelve months to 30 September 2026 was 14.6%, up 1.2 percentage points from fiscal 2025 (13.5%). Over the past ten years it has ranged from 2.59% (fiscal 2017) to 15.8% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Railroads industry median of 9.04% and above the Industrials sector median of 2.06%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 13.5% (2.32)
FY2024 15.8% 5.28
FY2023 10.5% (0.16)
FY2022 10.7% (1.71)
FY2021 12.4% 3.53
FY2020 8.85% (1.32)
FY2019 10.2% 4.84
FY2018 5.33% 2.74
FY2017 2.59% (11.08)
FY2016 13.7% 1.48

Against its own ten years

Low 2.59% High 15.8%
Ten-year median 10.7%
Current reading's percentile 82

Free cash flow margin against peers

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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