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Side-by-side financial comparison of UGI CORP (UGI) and Wabtec (WAB). Click either name above to swap in a different company.

Wabtec is the larger business by last-quarter revenue ($3.0B vs $2.1B, roughly 1.4× UGI CORP). UGI CORP runs the higher net margin — 14.4% vs 12.3%, a 2.1% gap on every dollar of revenue. On growth, Wabtec posted the faster year-over-year revenue change (13.0% vs 3.9%). Over the past eight quarters, Wabtec's revenue compounded faster (5.6% CAGR vs -7.5%).

UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.

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.

UGI vs WAB — Head-to-Head

Bigger by revenue
WAB
WAB
1.4× larger
WAB
$3.0B
$2.1B
UGI
Growing faster (revenue YoY)
WAB
WAB
+9.2% gap
WAB
13.0%
3.9%
UGI
Higher net margin
UGI
UGI
2.1% more per $
UGI
14.4%
12.3%
WAB
Faster 2-yr revenue CAGR
WAB
WAB
Annualised
WAB
5.6%
-7.5%
UGI

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
UGI
UGI
WAB
WAB
Revenue
$2.1B
$3.0B
Net Profit
$297.0M
$363.0M
Gross Margin
36.0%
Operating Margin
22.0%
17.5%
Net Margin
14.4%
12.3%
Revenue YoY
3.9%
13.0%
Net Profit YoY
-20.8%
11.0%
EPS (diluted)
$1.34
$2.12

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
UGI
UGI
WAB
WAB
Q1 26
$3.0B
Q4 25
$2.1B
$3.0B
Q3 25
$1.2B
$2.9B
Q2 25
$1.4B
$2.7B
Q1 25
$2.6B
$2.6B
Q4 24
$2.0B
$2.6B
Q3 24
$1.2B
$2.7B
Q2 24
$1.4B
$2.6B
Net Profit
UGI
UGI
WAB
WAB
Q1 26
$363.0M
Q4 25
$297.0M
$202.0M
Q3 25
$-13.0M
$310.0M
Q2 25
$-163.0M
$336.0M
Q1 25
$479.0M
$322.0M
Q4 24
$375.0M
$212.0M
Q3 24
$-273.0M
$283.0M
Q2 24
$-48.0M
$289.0M
Gross Margin
UGI
UGI
WAB
WAB
Q1 26
36.0%
Q4 25
32.6%
Q3 25
34.7%
Q2 25
34.7%
Q1 25
34.5%
Q4 24
30.9%
Q3 24
33.0%
Q2 24
33.1%
Operating Margin
UGI
UGI
WAB
WAB
Q1 26
17.5%
Q4 25
22.0%
12.0%
Q3 25
1.1%
17.0%
Q2 25
-6.8%
17.4%
Q1 25
26.6%
18.2%
Q4 24
24.5%
12.9%
Q3 24
-20.4%
16.3%
Q2 24
5.0%
16.3%
Net Margin
UGI
UGI
WAB
WAB
Q1 26
12.3%
Q4 25
14.4%
6.8%
Q3 25
-1.1%
10.7%
Q2 25
-12.0%
12.4%
Q1 25
18.2%
12.3%
Q4 24
18.9%
8.2%
Q3 24
-22.6%
10.6%
Q2 24
-3.6%
10.9%
EPS (diluted)
UGI
UGI
WAB
WAB
Q1 26
$2.12
Q4 25
$1.34
$1.18
Q3 25
$-0.08
$1.81
Q2 25
$-0.76
$1.96
Q1 25
$2.19
$1.88
Q4 24
$1.74
$1.24
Q3 24
$-1.26
$1.63
Q2 24
$-0.23
$1.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
UGI
UGI
WAB
WAB
Cash + ST InvestmentsLiquidity on hand
$251.0M
Total DebtLower is stronger
$6.0B
$4.7B
Stockholders' EquityBook value
$5.0B
$11.1B
Total Assets
$15.8B
$23.2B
Debt / EquityLower = less leverage
1.19×
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
UGI
UGI
WAB
WAB
Q1 26
Q4 25
$251.0M
Q3 25
$335.0M
Q2 25
$350.0M
Q1 25
$426.0M
Q4 24
$240.0M
Q3 24
$213.0M
Q2 24
$183.0M
Total Debt
UGI
UGI
WAB
WAB
Q1 26
$4.7B
Q4 25
$6.0B
$5.5B
Q3 25
$6.5B
$5.3B
Q2 25
$5.7B
$4.8B
Q1 25
$6.6B
$4.0B
Q4 24
$6.6B
$4.0B
Q3 24
$6.4B
$4.0B
Q2 24
$6.3B
$4.0B
Stockholders' Equity
UGI
UGI
WAB
WAB
Q1 26
$11.1B
Q4 25
$5.0B
$11.1B
Q3 25
$4.8B
$11.0B
Q2 25
$4.9B
$10.8B
Q1 25
$5.0B
$10.4B
Q4 24
$4.6B
$10.1B
Q3 24
$4.3B
$10.3B
Q2 24
$4.7B
$10.5B
Total Assets
UGI
UGI
WAB
WAB
Q1 26
$23.2B
Q4 25
$15.8B
$22.1B
Q3 25
$15.5B
$21.5B
Q2 25
$15.4B
$20.4B
Q1 25
$15.7B
$19.1B
Q4 24
$15.4B
$18.7B
Q3 24
$15.1B
$18.6B
Q2 24
$15.1B
$18.9B
Debt / Equity
UGI
UGI
WAB
WAB
Q1 26
0.42×
Q4 25
1.19×
0.50×
Q3 25
1.37×
0.48×
Q2 25
1.17×
0.44×
Q1 25
1.32×
0.39×
Q4 24
1.44×
0.39×
Q3 24
1.48×
0.39×
Q2 24
1.34×
0.38×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
UGI
UGI
WAB
WAB
Operating Cash FlowLast quarter
$66.0M
$199.0M
Free Cash FlowOCF − Capex
$-155.0M
FCF MarginFCF / Revenue
-7.5%
Capex IntensityCapex / Revenue
10.7%
Cash ConversionOCF / Net Profit
0.22×
0.55×
TTM Free Cash FlowTrailing 4 quarters
$282.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
UGI
UGI
WAB
WAB
Q1 26
$199.0M
Q4 25
$66.0M
$992.0M
Q3 25
$90.0M
$367.0M
Q2 25
$289.0M
$209.0M
Q1 25
$684.0M
$191.0M
Q4 24
$164.0M
$723.0M
Q3 24
$151.0M
$542.0M
Q2 24
$390.0M
$235.0M
Free Cash Flow
UGI
UGI
WAB
WAB
Q1 26
Q4 25
$-155.0M
$870.0M
Q3 25
$-168.0M
$312.0M
Q2 25
$67.0M
$170.0M
Q1 25
$538.0M
$147.0M
Q4 24
$-47.0M
$639.0M
Q3 24
$-115.0M
$496.0M
Q2 24
$185.0M
$189.0M
FCF Margin
UGI
UGI
WAB
WAB
Q1 26
Q4 25
-7.5%
29.3%
Q3 25
-14.4%
10.8%
Q2 25
4.9%
6.3%
Q1 25
20.4%
5.6%
Q4 24
-2.4%
24.7%
Q3 24
-9.5%
18.6%
Q2 24
13.7%
7.1%
Capex Intensity
UGI
UGI
WAB
WAB
Q1 26
Q4 25
10.7%
4.1%
Q3 25
22.1%
1.9%
Q2 25
16.3%
1.4%
Q1 25
5.5%
1.7%
Q4 24
10.6%
3.3%
Q3 24
22.0%
1.7%
Q2 24
15.2%
1.7%
Cash Conversion
UGI
UGI
WAB
WAB
Q1 26
0.55×
Q4 25
0.22×
4.91×
Q3 25
1.18×
Q2 25
0.62×
Q1 25
1.43×
0.59×
Q4 24
0.44×
3.41×
Q3 24
1.92×
Q2 24
0.81×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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