WabtecWABEarnings & Financial Report
Westinghouse Air Brake Technologies Corporation, commonly known as Wabtec, is an American company formed by the merger of the Westinghouse Air Brake Company (WABCO) and MotivePower in 1999. It is headquartered in Pittsburgh, Pennsylvania.
Revenue
$2.6B
Gross Profit
$797.0M
Operating Profit
$334.0M
Net Profit
$212.0M
Gross Margin
30.9%
Operating Margin
12.9%
Net Margin
8.2%
YoY Growth
2.3%
EPS
$1.24
Wabtec Q4 FY2024 Financial Summary
Wabtec reported revenue of $2.6B (up 2.3% YoY) for Q4 FY2024, with a net profit of $212.0M (down 1.4% YoY) (8.2% margin). Cost of goods sold was $1.8B, operating expenses totaled $463.0M.
Key Financial Metrics
| Total Revenue | $2.6B |
|---|---|
| Net Profit | $212.0M |
| Gross Margin | 30.9% |
| Operating Margin | 12.9% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
Wabtec Q4 FY2024 revenue of $2.6B breaks down across 3 segments, led by Products at $2.1B (81.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Products | $2.1B | 81.7% |
| Components | $282.0M | 10.9% |
| Digital Intelligence | $207.0M | 8.0% |
Wabtec Revenue by Segment — Quarterly Trend
Wabtec revenue by segment across the last 4 reported quarters, showing how each business line (such as Products and Components) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Components | — | $429.0M | $375.0M | — |
| Digital Intelligence | — | $361.0M | $297.0M | — |
Wabtec Annual Revenue by Year
Wabtec annual revenue history includes year-by-year totals (for example, 2025 revenue was $11.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $11.2B |
| 2024 | $10.4B |
| 2023 | $9.7B |
| 2022 | $8.4B |
Wabtec Quarterly Revenue & Net Profit History
Wabtec results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $3.0B | +13.0% | $363.0M | 12.3% |
| Q4 FY2025 | $3.0B | +14.8% | $202.0M | 6.8% |
| Q3 FY2025 | $2.9B | +8.4% | $310.0M | 10.7% |
| Q2 FY2025 | $2.7B | +2.3% | $336.0M | 12.4% |
| Q1 FY2025 | $2.6B | +4.5% | $322.0M | 12.3% |
| Q4 FY2024 | $2.6B | +2.3% | $212.0M | 8.2% |
| Q3 FY2024 | $2.7B | +4.4% | $283.0M | 10.6% |
| Q2 FY2024 | $2.6B | +9.8% | $289.0M | 10.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.64B | $2.66B | $2.58B | $2.61B | $2.71B | $2.89B | $2.96B | $2.95B |
| YoY Growth | 9.8% | 4.4% | 2.3% | 4.5% | 2.3% | 8.4% | 14.8% | 13.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $18.88B | $18.64B | $18.70B | $19.10B | $20.39B | $21.53B | $22.07B | $23.20B |
| Liabilities | $8.36B | $8.35B | $8.57B | $8.68B | $9.55B | $10.43B | $10.88B | $12.04B |
| Equity | $10.48B | $10.25B | $10.09B | $10.37B | $10.80B | $11.05B | $11.14B | $11.10B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $235.0M | $542.0M | $723.0M | $191.0M | $209.0M | $367.0M | $992.0M | $199.0M |