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Friday 6 November 2026
Export WAB’s income statement to Excel — free account
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
279.95
15.02
−5.09%
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Wabtec (WAB) Gross margin
Wabtec's gross margin over the twelve months to 30 September 2026 was 35.6%, up 1.6 percentage points from fiscal 2025 (34.1%). Over the past ten years it has ranged from 27.4% (fiscal 2017) to 34.1% (fiscal 2025) — the current reading is the highest in ten years. That is above the Railroads industry median of 30.1% and above the Industrials sector median of 30.6%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 34.1% | 1.67 |
| FY2024 | 32.4% | 1.99 |
| FY2023 | 30.4% | 0.04 |
| FY2022 | 30.4% | 0.09 |
| FY2021 | 30.3% | 2.01 |
| FY2020 | 28.3% | 0.50 |
| FY2019 | 27.8% | (0.50) |
| FY2018 | 28.3% | 0.84 |
| FY2017 | 27.4% | (4.09) |
| FY2016 | 31.5% | (0.15) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 37.3% | 0.79 |
| Jun 2026 | 36.5% | 0.55 |
| Mar 2026 | 36.0% | 3.39 |
| Dec 2025 | 32.6% | (2.14) |
| 43 more quarters | Free account |
Against its own ten years
Low 27.4%
High 34.1%
Ten-year median
30.4%
Current reading's percentile
100
Gross margin against peers
| Company | Gross margin |
|---|---|
| CSX CSX Corporation compare | 69.6% |
| CP Canadian Pacific Kansas City Limited compare | 69.0% |
| NSC Norfolk Southern Corporation compare | 67.6% |
| UNP Union Pacific Corporation compare | 58.4% |
| WAB Wabtec | 35.6% |
| TRN Trinity Industries, Inc. compare | 24.6% |
| FSTR L.B. Foster Company compare | 20.9% |
| GBX Greenbrier Companies, Inc. (The) compare | 13.6% |
| RAIL Freightcar America, Inc. compare | 12.5% |
| Railroads industry median | 30.1% |
| Industrials sector median | 30.6% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on WAB
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement