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
$2.7B
Gross Profit
$938.0M
Operating Profit
$472.0M
Net Profit
$336.0M
Gross Margin
34.7%
Operating Margin
17.4%
Net Margin
12.4%
YoY Growth
2.3%
EPS
$1.96
Wabtec Q2 FY2025 Financial Summary
Wabtec reported revenue of $2.7B (up 2.3% YoY) for Q2 FY2025, with a net profit of $336.0M (up 16.3% YoY) (12.4% margin). Cost of goods sold was $1.8B, operating expenses totaled $466.0M.
Key Financial Metrics
| Total Revenue | $2.7B |
|---|---|
| Net Profit | $336.0M |
| Gross Margin | 34.7% |
| Operating Margin | 17.4% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
Wabtec Q2 FY2025 revenue of $2.7B breaks down across 3 segments, led by Freight Segment at $1.9B (70.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Freight Segment | $1.9B | 70.9% |
| Aftermarket | $434.0M | 16.0% |
| OEM | $353.0M | 13.0% |
Wabtec Revenue by Segment — Quarterly Trend
Wabtec revenue by segment across the last 4 reported quarters, showing how each business line (such as Freight Segment and Aftermarket) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Freight Segment | — | — | — | $1.9B |
| Aftermarket | — | $491.0M | $426.0M | $434.0M |
| OEM | — | $351.0M | $367.0M | $353.0M |
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 |