# Wabtec Corporation (WAB)

**Exchange:** NYSE  
**Sector:** Industrials  
**Market cap:** $44.91B  
**Price:** $262.48 (+2.32%)

> Wabtec Corporation is a provider of value-added, technology-based products and services serving the freight rail and passenger transit industries, as well as the mining, marine, and industrial markets. The company operates through two primary business segments: Freight and Transit. The Freight segment manufactures new and modernized locomotives, delivers aftermarket parts and services for existing locomotives, supplies components for new and existing freight cars, and builds commuter locomotives. It also provides rail control and infrastructure products, including electronics, positive train control equipment, and signal design services. Wabtec generates the majority of its revenue from the United States market and serves as a critical infrastructure provider within the global rail transportation and industrial sectors.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $11.17B | $3.81B | $1.79B | $1.17B | — |
| 2024 | $10.39B | $3.37B | $1.61B | $1.06B | — |
| 2023 | $9.68B | $2.94B | $1.27B | $815M | — |
| 2022 | $8.36B | $2.54B | $1.01B | $633M | — |
| 2021 | $7.82B | $2.37B | $876M | $558M | — |
| 2020 | $7.56B | $2.14B | $745M | $414M | — |
| 2019 | $8.20B | $2.28B | $663M | $327M | — |
| 2018 | $4.36B | $1.23B | $473M | $295M | — |
| 2017 | $3.88B | $1.07B | $421M | $262M | — |
| 2016 | $2.93B | $924M | $457M | $305M | — |
| 2015 | $3.31B | $1.05B | $608M | $399M | — |
| 2014 | $3.04B | $936M | $527M | $352M | — |
| 2013 | $2.57B | $764M | $437M | $292M | — |
| 2012 | $2.39B | $695M | $392M | $252M | — |
| 2011 | $1.97B | $570M | $271M | $170M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $22.07B | $10.88B | $11.14B | — | $5.54B |
| 2024 | $18.70B | $8.57B | $10.09B | — | $3.98B |
| 2023 | $18.99B | $8.46B | $10.49B | — | $4.07B |
| 2022 | $18.52B | $8.37B | $10.10B | — | $4.00B |
| 2021 | $18.45B | $8.21B | $10.20B | $473M | $4.06B |
| 2020 | $18.45B | $8.30B | $10.12B | $599M | $4.24B |
| 2019 | $18.94B | $8.95B | $9.96B | $604M | $4.43B |
| 2018 | $8.65B | $5.78B | $2.87B | $581M | $3.86B |
| 2017 | $6.58B | $3.75B | $2.81B | $233M | — |
| 2016 | $6.58B | $3.60B | $2.21B | $1.14B | — |
| 2015 | $3.23B | $1.53B | $1.70B | $226M | — |
| 2014 | $3.30B | $1.50B | $1.81B | $426M | — |
| 2013 | $2.82B | $1.23B | $1.59B | $286M | — |
| 2012 | $2.35B | $1.07B | $1.28B | $216M | $318M |
| 2011 | $2.16B | $1.11B | $1.05B | $286M | $396M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $1.76B | $260M | $1.50B |
| 2024 | $1.83B | $207M | $1.63B |
| 2023 | $1.20B | $186M | $1.01B |
| 2022 | $1.04B | $149M | $889M |
| 2021 | $1.07B | $130M | $943M |
| 2020 | $784M | $136M | $648M |
| 2019 | $1.02B | $186M | $830M |
| 2018 | $315M | $93M | $221M |
| 2017 | $189M | $90M | $99M |
| 2016 | $451M | $50M | $400M |
| 2015 | $451M | $49M | $401M |
| 2014 | $472M | $48M | $425M |
| 2013 | $236M | $41M | $194M |
| 2012 | $237M | $36M | $201M |
| 2011 | $249M | $38M | $211M |

Source: [CompaniesByCap](https://companiesbycap.com/company/WAB)