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Side-by-side financial comparison of Vulcan Materials Company (VMC) 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 $1.8B, roughly 1.7× Vulcan Materials Company). Wabtec runs the higher net margin — 12.3% vs 9.4%, a 2.9% gap on every dollar of revenue. On growth, Wabtec posted the faster year-over-year revenue change (13.0% vs 7.4%). Over the past eight quarters, Wabtec's revenue compounded faster (5.6% CAGR vs -6.6%).

Vulcan Materials Company is an American company based in Birmingham, Alabama. It is principally engaged in the production, distribution and sale of construction materials. Vulcan is the largest producer of construction materials, primarily gravel, crushed stone, and sand, and employs approximately 12,000 people at over 400 facilities. Vulcan serves 22 states, the District of Columbia, Mexico, Canada, Bahamas and the U.S. Virgin Islands.

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.

VMC vs WAB — Head-to-Head

Bigger by revenue
WAB
WAB
1.7× larger
WAB
$3.0B
$1.8B
VMC
Growing faster (revenue YoY)
WAB
WAB
+5.6% gap
WAB
13.0%
7.4%
VMC
Higher net margin
WAB
WAB
2.9% more per $
WAB
12.3%
9.4%
VMC
Faster 2-yr revenue CAGR
WAB
WAB
Annualised
WAB
5.6%
-6.6%
VMC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
VMC
VMC
WAB
WAB
Revenue
$1.8B
$3.0B
Net Profit
$165.0M
$363.0M
Gross Margin
24.1%
36.0%
Operating Margin
15.1%
17.5%
Net Margin
9.4%
12.3%
Revenue YoY
7.4%
13.0%
Net Profit YoY
27.9%
11.0%
EPS (diluted)
$1.35
$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
VMC
VMC
WAB
WAB
Q1 26
$1.8B
$3.0B
Q4 25
$1.9B
$3.0B
Q3 25
$2.3B
$2.9B
Q2 25
$2.1B
$2.7B
Q1 25
$1.6B
$2.6B
Q4 24
$1.9B
$2.6B
Q3 24
$2.0B
$2.7B
Q2 24
$2.0B
$2.6B
Net Profit
VMC
VMC
WAB
WAB
Q1 26
$165.0M
$363.0M
Q4 25
$252.0M
$202.0M
Q3 25
$374.9M
$310.0M
Q2 25
$320.9M
$336.0M
Q1 25
$128.9M
$322.0M
Q4 24
$293.6M
$212.0M
Q3 24
$207.6M
$283.0M
Q2 24
$308.0M
$289.0M
Gross Margin
VMC
VMC
WAB
WAB
Q1 26
24.1%
36.0%
Q4 25
25.5%
32.6%
Q3 25
30.4%
34.7%
Q2 25
29.7%
34.7%
Q1 25
22.3%
34.5%
Q4 24
29.0%
30.9%
Q3 24
28.2%
33.0%
Q2 24
29.4%
33.1%
Operating Margin
VMC
VMC
WAB
WAB
Q1 26
15.1%
17.5%
Q4 25
19.8%
12.0%
Q3 25
23.7%
17.0%
Q2 25
22.4%
17.4%
Q1 25
13.9%
18.2%
Q4 24
21.6%
12.9%
Q3 24
16.8%
16.3%
Q2 24
22.5%
16.3%
Net Margin
VMC
VMC
WAB
WAB
Q1 26
9.4%
12.3%
Q4 25
13.2%
6.8%
Q3 25
16.4%
10.7%
Q2 25
15.3%
12.4%
Q1 25
7.9%
12.3%
Q4 24
15.8%
8.2%
Q3 24
10.4%
10.6%
Q2 24
15.3%
10.9%
EPS (diluted)
VMC
VMC
WAB
WAB
Q1 26
$1.35
$2.12
Q4 25
$1.90
$1.18
Q3 25
$2.82
$1.81
Q2 25
$2.42
$1.96
Q1 25
$0.97
$1.88
Q4 24
$2.21
$1.24
Q3 24
$1.56
$1.63
Q2 24
$2.31
$1.64

Balance Sheet & Financial Strength

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

Metric
VMC
VMC
WAB
WAB
Cash + ST InvestmentsLiquidity on hand
$140.2M
Total DebtLower is stronger
$4.4B
$4.7B
Stockholders' EquityBook value
$8.5B
$11.1B
Total Assets
$16.7B
$23.2B
Debt / EquityLower = less leverage
0.51×
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VMC
VMC
WAB
WAB
Q1 26
$140.2M
Q4 25
$183.3M
Q3 25
$191.3M
Q2 25
$347.4M
Q1 25
$181.3M
Q4 24
$559.7M
Q3 24
$433.2M
Q2 24
$111.0M
Total Debt
VMC
VMC
WAB
WAB
Q1 26
$4.4B
$4.7B
Q4 25
$4.4B
$5.5B
Q3 25
$4.4B
$5.3B
Q2 25
$4.4B
$4.8B
Q1 25
$4.9B
$4.0B
Q4 24
$5.3B
$4.0B
Q3 24
$3.3B
$4.0B
Q2 24
$3.3B
$4.0B
Stockholders' Equity
VMC
VMC
WAB
WAB
Q1 26
$8.5B
$11.1B
Q4 25
$8.5B
$11.1B
Q3 25
$8.7B
$11.0B
Q2 25
$8.4B
$10.8B
Q1 25
$8.1B
$10.4B
Q4 24
$8.1B
$10.1B
Q3 24
$7.9B
$10.3B
Q2 24
$7.7B
$10.5B
Total Assets
VMC
VMC
WAB
WAB
Q1 26
$16.7B
$23.2B
Q4 25
$16.7B
$22.1B
Q3 25
$17.0B
$21.5B
Q2 25
$17.0B
$20.4B
Q1 25
$16.7B
$19.1B
Q4 24
$17.1B
$18.7B
Q3 24
$14.4B
$18.6B
Q2 24
$14.2B
$18.9B
Debt / Equity
VMC
VMC
WAB
WAB
Q1 26
0.51×
0.42×
Q4 25
0.51×
0.50×
Q3 25
0.50×
0.48×
Q2 25
0.52×
0.44×
Q1 25
0.60×
0.39×
Q4 24
0.65×
0.39×
Q3 24
0.42×
0.39×
Q2 24
0.43×
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
VMC
VMC
WAB
WAB
Operating Cash FlowLast quarter
$241.1M
$199.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.46×
0.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VMC
VMC
WAB
WAB
Q1 26
$241.1M
$199.0M
Q4 25
$543.0M
$992.0M
Q3 25
$676.8M
$367.0M
Q2 25
$341.7M
$209.0M
Q1 25
$251.5M
$191.0M
Q4 24
$440.1M
$723.0M
Q3 24
$595.0M
$542.0M
Q2 24
$201.1M
$235.0M
Free Cash Flow
VMC
VMC
WAB
WAB
Q1 26
Q4 25
$358.2M
$870.0M
Q3 25
$454.8M
$312.0M
Q2 25
$238.8M
$170.0M
Q1 25
$83.5M
$147.0M
Q4 24
$277.6M
$639.0M
Q3 24
$498.2M
$496.0M
Q2 24
$9.7M
$189.0M
FCF Margin
VMC
VMC
WAB
WAB
Q1 26
Q4 25
18.7%
29.3%
Q3 25
19.8%
10.8%
Q2 25
11.4%
6.3%
Q1 25
5.1%
5.6%
Q4 24
15.0%
24.7%
Q3 24
24.9%
18.6%
Q2 24
0.5%
7.1%
Capex Intensity
VMC
VMC
WAB
WAB
Q1 26
Q4 25
9.7%
4.1%
Q3 25
9.7%
1.9%
Q2 25
4.9%
1.4%
Q1 25
10.3%
1.7%
Q4 24
8.8%
3.3%
Q3 24
4.8%
1.7%
Q2 24
9.5%
1.7%
Cash Conversion
VMC
VMC
WAB
WAB
Q1 26
1.46×
0.55×
Q4 25
2.15×
4.91×
Q3 25
1.81×
1.18×
Q2 25
1.06×
0.62×
Q1 25
1.95×
0.59×
Q4 24
1.50×
3.41×
Q3 24
2.87×
1.92×
Q2 24
0.65×
0.81×

Financial Flow Comparison

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

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