Wabtec

Industrials Construction Machinery & Heavy Transportation Equipment Pittsburgh, Pennsylvania Last filing Feb 13, 2026 · FY2025

                    Revenue
                    FY2025
                
$11.2B
                    3y CAGR +10.1%
                    
                    P85
                    
                    +7.5%
                    
                    Net income
                    FY2025
                
$1.2B
                    Net margin +10.5%
                    
                    P39
                    
                    +10.8%
                    
                    Total assets
                    FY2025
                
$22.1B
                    ROA +5.3%
                    
                    P23
                    
                    +18.0%
                    
                    Operating cash flow
                    FY2025
                
$1.8B
                    FCF margin +13.4%
                    
                    P53
                    
                    -4.1%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

30 accounts · 5 years

Total assets $22.1B

Total liabilities $10.9B

Shareholders equity $11.1B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	+13.6%	+14.8%	+14.5%	+14.4%	—
Accounts Receivable	+6.8%	+2.0%	+3.4%	-10.1%	—
Inventory	+12.9%	+11.1%	+16.3%	+20.4%	—
Prepaid Expenses	+8.0%	+3.2%	+17.6%	+20.7%	—
Other Current Assets	+8.0%	+3.2%	+17.6%	+20.7%	—
Total Current Assets	+10.4%	+8.9%	+12.6%	+12.9%	—
Property,Plant and Equipment	+1.9%	-1.1%	-0.4%	-4.5%	—
Goodwill	+4.4%	+0.5%	+1.1%	-0.9%	—
Intangible Assets	+0.9%	-7.5%	-7.0%	-8.2%	—
Other Noncurrent Assets	-4.1%	-7.1%	-10.8%	+2.0%	—
Total Assets	+4.6%	+0.4%	+1.4%	+0.3%	—
Liabilities
Accounts Payable	+8.5%	+8.7%	+11.1%	+28.6%	—
Accrued Liabilities	+0.8%	-3.8%	-3.2%	-10.8%	—
Deferred Revenue	+12.7%	+3.3%	+13.1%	+22.7%	—
Current Portion of Long Term Debt	+400.0%	+530.0%	+1876.1%	+12450.0%	—
Other Current Liabilities	+2.9%	+5.1%	-0.2%	-3.0%	—
Total Current Liabilities	+15.3%	+9.2%	+18.1%	+19.1%	—
Long Term Debt	+1.4%	-5.0%	-10.0%	-7.5%	—
Deferred Revenue Noncurrent	+31.0%	+64.1%	+40.6%	-2.3%	—
Deferred Tax Liabilities	+20.4%	+9.3%	+5.1%	+13.2%	—
Other Noncurrent Liabilities	+2.9%	+5.1%	-0.2%	-3.0%	—
Total Liabilities	+7.3%	+1.4%	+1.5%	+1.9%	—
Equity
Common Stock	-15.9%	+0.0%	+0.0%	+0.0%	—
Additional Paid In Capital	+0.5%	+0.4%	+0.4%	+0.5%	—
Retained Earnings	-1.1%	+15.1%	+14.0%	+12.9%	—
Treasury Stock	-38.2%	+35.8%	+28.9%	+35.5%	—
Accumulated Other Comprehensive Income	—	—	—	—	—
Noncontrolling Interest	+6.0%	+3.4%	-1.3%	+18.4%	—
Total Stockholders Equity	+2.2%	-0.4%	+1.4%	-1.0%	—
Total Liabilitiesand Equity	+4.6%	+0.4%	+1.4%	+0.3%	—

Income Statement

Revenue, expense, and profitability

18 accounts · 5 years

Revenue $11.2B

Operating income $1.8B

Net income $1.2B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	+9.3%	+9.9%	+11.2%	+6.9%	—
Expenses Cost of Revenue	+7.8%	+8.8%	+11.1%	+6.8%	—
Expenses Research and Development	+6.1%	+5.4%	+11.3%	+18.8%	—
Expenses Selling,General and Administrative	+9.7%	+6.6%	+5.2%	-0.1%	—
Expenses Depreciation and Amortization	+0.5%	+0.8%	+4.0%	-2.4%	—
Expenses Share Based Compensation	+14.8%	+12.8%	+1.1%	-10.9%	—
Expenses Operating Expenses	+7.8%	+5.6%	+6.0%	+2.4%	—
Other Income Expense Gross Profit	+12.6%	+12.4%	+11.5%	+7.2%	—
Other Income Expense Operating Income	+19.6%	+22.5%	+20.2%	+15.4%	—
Other Income Expense Other Income/expense	—	+26.0%	+465.7%	—	—
Other Income Expense Income Before Tax	+21.2%	+24.1%	+21.7%	+15.9%	—
Income Tax Income Tax Expense	+24.2%	+25.9%	+24.6%	+23.8%	—
net Income net Income	+20.3%	+23.7%	+20.9%	+13.4%	—
net Income Comprehensive Income	+34.2%	+22.9%	+43.4%	+1.6%	—
Earnings Per Share Basic Eps	+23.3%	+26.9%	+23.8%	+16.9%	—
Earnings Per Share Diluted Eps	+23.2%	+26.8%	+23.7%	+16.9%	—
Earnings Per Share Weighted Average Shares Basic	-2.4%	-2.5%	-2.4%	-2.9%	—
Earnings Per Share Weighted Average Shares Diluted	-2.3%	-2.4%	-2.3%	-2.8%	—

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 5 years

Operating cash flow $1.8B

Investing cash flow $-2.7B

Financing cash flow $1.0B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	+20.3%	+23.7%	+20.9%	+13.4%	—
Operating Activities Depreciation and Amortization	+0.5%	+0.8%	+4.0%	-2.4%	—
Operating Activities Stock Based Compensation	+14.8%	+12.8%	+1.1%	-10.9%	—
Operating Activities Deferred Income Taxes	-40.5%	-16.6%	—	-59.1%	—
Operating Activities Changes In Operating Assets and Liabilities	+17.7%	+26.5%	+27.6%	+268.1%	—
Operating Activities net Cash From Operating Activities	+13.2%	+19.6%	+5.8%	-3.3%	—
Investing Activities Capital Expenditures	+18.9%	+16.8%	+19.6%	+14.6%	—
Investing Activities Business Acquisitions	+55.1%	-27.2%	-15.9%	-79.5%	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—
Financing Activities Repurchase of Common Stock	-7.1%	+54.1%	+16.8%	+57.7%	—
Financing Activities Dividends Paid	+17.1%	+15.0%	+15.6%	+20.7%	—
Financing Activities Tax Withholding On Stock Based Compensation	+54.6%	+52.9%	+51.2%	+0.0%	—
Financing Activities Other Financing Activities	—	-20.6%	-42.3%	+133.3%	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	+13.6%	+14.8%	+14.5%	+14.4%	—
Cash Reconciliation net Change In Cash	—	—	—	—	—
Cash Reconciliation Cash At Beginning of Period	+13.6%	+14.8%	+14.5%	+14.4%	—
Cash Reconciliation Cash At End of Period	+13.6%	+14.8%	+14.5%	+14.4%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+34.1%	+32.4%	+30.4%	+30.4%	+30.3%
Operating margin	+16.1%	+15.5%	+13.1%	+12.1%	+11.2%
Net margin	+10.5%	+10.2%	+8.4%	+7.6%	+7.1%
FCF margin	+13.4%	+15.7%	+10.5%	+10.6%	+12.1%
Growth
Revenue CAGR (3y)	+10.1%	+9.9%	+8.6%	+0.7%	+21.5%
Returns
ROE	+10.5%	+10.5%	+7.8%	+6.3%	+5.5%
ROA	+5.3%	+5.6%	+4.3%	+3.4%	+3.0%
ROIC	+8.4%	+9.1%	+6.9%	+5.6%	+4.9%
Liquidity
Current ratio	1.11x	1.30x	1.20x	1.25x	1.32x
Quick ratio	0.43x	0.49x	0.44x	0.44x	0.54x
Leverage
D/E	0.98x	0.85x	0.81x	0.83x	0.81x
Interest coverage	—	—	—	—	—
Efficiency
Asset turnover	0.51x	0.56x	0.51x	0.45x	0.42x
Cash conversion cycle	+113d	+93d	+100d	+89d	+96d

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FY2025 fundamentals · no price

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Wabtec

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