Wabtec (WAB): financials, SEC filings and peers
Wabtec (WAB) is a construction machinery & heavy transportation equipment company in the Industrials sector of the S&P 500, headquartered in Pittsburgh, Pennsylvania.
It was founded in 1999 and joined the S&P 500 on February 27, 2019.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Railroad Equipment”.
Wabtec at a glance
- Revenue (12 months)
- $12.0B
- Revenue growth
- +13.4%
- Operating margin
- 16.4%
- Net income (12 months)
- $1.3B
- Free cash flow (12 months)
- $1.7B
- Cash
- $670M
- Debt
- $6.6B
- Diluted EPS (12 months)
- $7.45
Twelve months to June 30, 2026, from the 10-Q filed July 22, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, Wabtec reported revenue of $12.0 billion, up 13.4% from a year earlier.
Its operating margin was 16.4%: for every $100 of sales, about $16 was left as operating profit.
Net income was $1.3 billion (10.6% of revenue), 10.1% higher than a year earlier.
Operating cash flow was $2.0 billion and capital spending $285 million, leaving free cash flow of $1.7 billion (14.3% of revenue).
At the end of the period it held $670 million in cash and $6.6 billion in debt, a net debt position of $5.9 billion.
Five-year trend
- Revenue went from $7.6 billion in fiscal 2020 to $11.2 billion in fiscal 2025, about 8.1% a year.
- Revenue has grown for 5 fiscal years in a row.
- Operating margin widened from 9.9% to 16.1% over the same years.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $7.8B | $8.4B | $9.7B | $10.4B | $11.2B |
| Revenue growth | 3.5% | 6.9% | 15.7% | 7.3% | 7.5% |
| Operating margin | 11.2% | 12.1% | 13.1% | 15.5% | 16.1% |
| Net income | $558M | $633M | $815M | $1.1B | $1.2B |
| Free cash flow | $943M | $889M | $1.0B | $1.6B | $1.5B |
| Diluted EPS | $2.96 | $3.46 | $4.53 | $6.04 | $6.83 |
Fiscal years as reported in Wabtec’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
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Questions about Wabtec
Is Wabtec's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $12.0 billion, up 13.4% from a year earlier, according to its SEC filings.
Is Wabtec profitable?
Yes. It earned $1.3 billion in net income over the twelve months to June 30, 2026, a net margin of 10.6%.
Does Wabtec have more cash or more debt?
At June 30, 2026 it had $670 million in cash and $6.6 billion in debt, so more debt than cash.
When did Wabtec last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 22, 2026.
Which companies are similar to Wabtec?
In the S&P 500, Wabtec is grouped in Construction Machinery & Heavy Transportation Equipment within the Industrials sector. Caterpillar Inc. (CAT), Cummins (CMI), Paccar (PCAR) are in the same group.
Understand the numbers
Source: Wabtec’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.