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WAB

Industrials · Construction Machinery & Heavy Transportation Equipment

Wabtec: revenue, profit and dividends

In fiscal 2025, Wabtec had revenue of $11.2B, up 12.9% a year on average since 2015, and net income of $1.17B (10.5% of revenue). Its dividend per share has gone up 4 years in a row, to $1.00. It has 76% more shares than in 2015.

Revenue, fiscal 2025

$11.2B+12.9% a year

average annual revenue growth since 2015 · +7.5% vs 2024

Net income, 2025
$1.17B
10.5% of revenue
Diluted EPS, 2025
$6.83
5.2% a year since 2015
Dividend per share, 2025
$1.00
raised 4 years in a row
Revenue growth, 5 years
8.1% a year
since 2020
Shares, 2025
171M
+76.4% since 2015
Free cash flow, 2025
$1.5B
$1.76B from operations − $260M capex
Ticker
WAB · NYSE
Sector
Industrials
Sub-industry
Construction Machinery & Heavy Transportation Equipment
Headquarters
Pittsburgh, Pennsylvania
Founded
1999 (1869)
In the S&P 500 since
February 27, 2019
Latest fiscal year
2025, ended December 31, 2025
SEC filer
Westinghouse Air Brake Technologies Corp · CIK 0000943452

Revenue and net income

Revenue went from $1.57B in 2008 to $11.2B in 2025.

RevenueNet income
Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $1.33 in 2008 to $6.83 in 2025. Ten-year growth: 5.2% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Dividends per share

Raised 4 years in a row, every year from 2022 to 2025. Ten-year growth: 13.6% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

76.4% more shares in 2025 than in 2015 (97M → 171M): new shares outweighed buybacks.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $1.5B in 2025, 13.4% of revenue.

Operating cash flowCapital expenditureFree cash flow
Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal yearRevenueNet incomeNet marginDiluted EPSDividendSharesOperating cash flowCapexFree cash flow
2025$11.2B$1.17B10.5%$6.83$1.00171M$1.76B$260M$1.5B
2024$10.4B$1.06B10.2%$6.04$0.80175M$1.83B$207M$1.63B
2023$9.68B$815M8.4%$4.53$0.68180M$1.2B$186M$1.01B
2022$8.36B$633M7.6%$3.46$0.60183M$1.04B$149M$889M
2021$7.82B$558M7.1%$2.96$0.48188M$1.07B$130M$943M
2020$7.56B$414M5.5%$2.17$0.48190M$784M$136M$648M
2019$8.2B$327M4.0%$1.84$0.48177M$1.02B$186M$830M
2018$4.36B$295M6.8%$3.05$0.4896.5M$315M$93.3M$221M
2017$3.88B$262M6.8%$2.72$0.4496.1M$189M$89.5M$99.3M
2016$2.93B$305M10.4%$3.34$0.3691.1M$451M$50.2M$400M
2015$3.31B$399M12.1%$4.10$0.2897M$451M$49.4M$401M
2014$3.04B$352M11.6%$3.62$0.2096.9M$472M$47.7M$425M
2013$2.57B$292M11.4%$3.01$0.1396.8M$236M$41.2M$194M
2012$2.39B$252M10.5%$2.60$0.0896.7M$237M$36M$201M
2011$1.97B$170M8.6%$1.76$0.0496.7M$249M$38M$211M
2010$1.51B$123M8.2%$1.28$0.0296M$176M$20.8M$155M
2009$1.4B$115M8.2%$1.20$0.0296M$162M$18.3M$144M
2008$1.57B$131M8.3%$1.33$0.0297.7M$156M$19.7M$136M

Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.

Stock splits

Found in the filings; per-share figures and share counts on this page are on today’s share basis.

About these figures

Other Construction Machinery & Heavy Transportation Equipment companies

All 83 Industrials companies

Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.