Saturday 31 October 2026 Export WAB’s income statement to Excel — free account

Wabtec

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%

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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

Overview Business Profile Segments Filings

Wabtec (WAB) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Freight Segment	8,036	71.96%
Transit Segment	3,131	28.04%
Gross margin		34.08%
Operating margin		16.06%
Pre-tax margin		14.26%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Goods	9,261 82.93%	8,434 81.20%	7,647 79.02%	6,459 77.24%	6,205 79.33%	6,233 82.49%	6,908 84.24%	4,178 95.75%	3,686 94.95%	—	—	—	—	—	—	—	—
Services	1,906 17.07%	1,953 18.80%	2,030 20.98%	1,903 22.76%	1,617 20.67%	1,323 17.51%	1,292 15.76%	186 4.25%	196 5.05%	—	—	—	—	—	—	—	—
Specialty Products and Electronics	—	—	—	—	—	—	—	—	—	1,375 46.89%	1,734 52.41%	1,394 45.79%	1,042 40.59%	1,094 45.76%	880 44.73%	517 34.28%	360 25.68%
Brake Products	—	—	—	—	—	—	—	—	—	588 20.06%	628 18.97%	662 21.76%	568 22.12%	527 22.06%	498 25.31%	444 29.49%	466 33.28%
Remanufacturing Overhaul And Build	—	—	—	—	—	—	—	—	—	559 19.08%	607 18.34%	619 20.33%	655 25.54%	497 20.78%	332 16.86%	273 18.08%	285 20.37%
Transit Products	—	—	—	—	—	—	—	—	—	276 9.42%	190 5.73%	202 6.63%	204 7.95%	198 8.27%	195 9.92%	220 14.61%	247 17.66%
All Other	—	—	—	—	—	—	—	—	—	133 4.54%	150 4.55%	167 5.50%	97 3.79%	75 3.14%	63 3.18%	53 3.54%	42 3.02%
Revenue	11,167	10,387	9,677	8,362	7,822	7,556	8,200	4,364	3,882	2,931	3,308	3,044	2,566	2,391	1,968	1,507	1,402

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Goods	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Freight Segment	8,036 71.96%	7,468 71.90%	6,923 71.54%	5,979 71.50%	5,287 67.59%	5,131 67.91%	5,501 67.09%	1,766 40.48%	1,539 39.64%	1,583 53.99%	2,090 63.18%	1,768 58.06%	1,424 55.47%	1,525 63.76%	1,227 62.35%	785 52.06%	588 41.98%
Transit Segment	3,131 28.04%	2,919 28.10%	2,754 28.46%	2,383 28.50%	2,616 33.44%	2,511 33.23%	2,782 33.93%	2,608 59.78%	2,349 60.50%	1,397 47.68%	1,264 38.22%	1,320 43.37%	1,175 45.80%	897 37.51%	764 38.83%	723 47.94%	813 58.02%
Eliminations	—	—	—	—	(81) (1.04%)	(86) (1.14%)	(83) (1.01%)	—	—	(49) (1.67%)	(46) (1.40%)	(44) (1.43%)	(32) (1.26%)	(30) (1.27%)	(23) (1.18%)	—	—
Revenue	11,167	10,387	9,677	8,362	7,822	7,556	8,200	4,364	3,882	2,931	3,308	3,044	2,566	2,391	1,968	1,507	1,402

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Freight Segment	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Transit Segment	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate Activities And Elimination	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by region $m

Line	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
U.S.	1,324 34.10%	1,362 46.47%	1,755 53.05%	1,537 50.49%	1,337 52.08%	1,199 50.16%	1,051 53.43%	815 54.08%	838 59.81%
Other International	864 22.26%	382 13.03%	329 9.96%	305 10.01%	222 8.65%	164 6.86%	155 7.88%	136 9.05%	88 6.30%
United Kingdom	357 9.18%	323 11.00%	369 11.14%	363 11.92%	297 11.58%	255 10.68%	183 9.28%	130 8.65%	140 9.97%
Canada	279 7.19%	206 7.04%	205 6.19%	176 5.77%	167 6.52%	194 8.13%	157 8.00%	173 11.45%	135 9.62%
Italy	238 6.12%	46 1.56%	38 1.15%	43 1.41%	43 1.66%	39 1.65%	50 2.56%	42 2.76%	39 2.78%
Germany	209 5.38%	98 3.36%	92 2.79%	87 2.85%	55 2.14%	39 1.61%	33 1.70%	30 1.99%	33 2.39%
China	178 4.59%	106 3.63%	101 3.04%	102 3.35%	50 1.95%	29 1.21%	21 1.05%	30 1.99%	18 1.31%
Mexico	160 4.12%	184 6.26%	190 5.74%	174 5.72%	128 4.99%	139 5.82%	104 5.31%	45 2.99%	32 2.25%
India	138 3.55%	24 0.82%	12 0.37%	—	—	—	—	—	—
France	136 3.51%	66 2.26%	46 1.38%	41 1.36%	38 1.48%	42 1.77%	35 1.79%	14 0.93%	15 1.07%
Australia	—	82 2.80%	87 2.62%	114 3.73%	141 5.50%	192 8.03%	106 5.40%	76 5.05%	59 4.21%
Brazil	—	51 1.76%	85 2.56%	84 2.76%	79 3.06%	97 4.04%	71 3.60%	16 1.05%	4 0.29%
Netherlands	—	—	—	19 0.64%	10 0.39%	1 0.05%	—	—	—
Revenue	3,882	2,931	3,308	3,044	2,566	2,391	1,968	1,507	1,402

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Transit 12-month	Q3 FY2026	$2.4B	$2.2B	+12.19%
Transit Total	Q3 FY2026	$5.7B	$4.7B	+21.41%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024
Transit 12-month	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Transit Total	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.