Wabtec (WAB) financials
Wabtec revenue and earnings by year
Wabtec's revenue was $11.2 billion in the fiscal year to December 31, 2025, up 7.5% from the year before. Net income was $1.17 billion, 10.5% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 16.0% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11.2 | 10.4 | 9.7 | 8.4 | 7.8 | 7.6 | 8.2 | 4.4 | 3.9 | 2.9 |
| Revenue growth | 7.5% | 7.3% | 15.7% | 6.9% | 3.5% | -7.9% | 87.9% | 12.4% | 32.4% | — |
| Gross profit | 3.8 | 3.4 | 2.9 | 2.5 | 2.4 | 2.1 | 2.3 | 1.2 | 1.1 | 0.9 |
| Gross margin | 34.1% | 32.4% | 30.4% | 30.4% | 30.3% | 28.3% | 27.8% | 28.3% | 27.4% | 31.5% |
| Operating income | 1.8 | 1.6 | 1.3 | 1.0 | 0.9 | 0.7 | 0.7 | 0.5 | 0.4 | 0.5 |
| Operating margin | 16.1% | 15.5% | 13.1% | 12.1% | 11.2% | 9.9% | 8.1% | 10.8% | 10.8% | 15.6% |
| Net income | 1.2 | 1.1 | 0.8 | 0.6 | 0.6 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 |
| Net margin | 10.5% | 10.2% | 8.4% | 7.6% | 7.1% | 5.5% | 4.0% | 6.8% | 6.8% | 10.4% |
| Diluted EPS | $6.83 | $6.04 | $4.53 | $3.46 | $2.96 | $2.17 | $1.69 | $3.06 | $2.73 | $3.35 |
| Free cash flow | 1.5 | 1.6 | 1.0 | 0.9 | 1.0 | 0.7 | 0.8 | 0.2 | 0.1 | 0.4 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open WAB in Markets.
How Wabtec makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Freight | $2.24B | 71.7% |
| Transit | $883M | 28.3% |
See also: WAB valuation and P/E history · WAB returns
No forecast, no recommendation. This page describes Wabtec from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.