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WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP WAB

NYSE · stock · Railroad Equipment · website · IPO 1995-06-16 · LEI

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP statistics & valuation

Market cap$46.2B
P / E39.5×
P / S4.1×
P / B4.1×
P / FCF30.8×
Dividend yield0.37%
Net margin10.5%
Return on equity10.5%
FCF margin13.4%
Net debt$5.5B
Net debt / EBITDA2.4×
Enterprise value USD$51.7B
EV / EBITDA22.5×
Earnings yield EBIT/EV3.5%
Return on capital10.6%
Graham number -66.1%$100.25

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($100.25); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
10.40% 6.80% 6.80% 4.00% 5.50% 7.10% 7.60% 8.40% 10.20% 10.50% 2016201720182019202020212022202320242025
Gross margin (%)
31.50% 27.40% 28.30% 27.80% 28.30% 30.30% 30.40% 30.40% 32.40% 34.10% 2016201720182019202020212022202320242025
Operating margin (%)
15.60% 10.80% 10.80% 8.10% 9.90% 11.20% 12.10% 13.10% 15.50% 16.10% 2016201720182019202020212022202320242025
Return on equity (%)
10.20% 9.30% 10.30% 3.30% 4.10% 5.40% 6.20% 7.70% 10.40% 10.50% 2016201720182019202020212022202320242025
Shares outstanding
190.9M 192.2M 193.2M 191.7M 190.4M 188.1M 182.8M 179.5M 174.8M 171.1M 2016201720182019202020212022202320242025
Net debt ($)
$3.28B $3.83B $3.64B $3.58B $4.00B $4.07B $3.98B $5.54B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
4.60% 4.00% 3.40% 1.70% 2.20% 3.00% 3.40% 4.30% 5.60% 5.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
13.70% 2.60% 5.10% 10.10% 8.60% 12.10% 10.60% 10.50% 15.70% 13.40% 2016201720182019202020212022202320242025
Debt / equity (×)
1.34× 0.44× 0.42× 0.40× 0.39× 0.39× 0.39× 0.50× 2016201720182019202020212022202320242025
EPS ($)
$1.67 $1.36 $1.52 $1.84 $2.17 $2.96 $3.46 $4.53 $6.04 $6.83 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP trades at about 43.3× earnings — above its 10-year norm (10-year range 29×–59.6×, median 34.4×).

29× 59.6×

Shaded band = 10-year range (29×–59.6×); dot = today's 43.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin34.1%32.4%30.4%30.4%30.3%28.3%27.8%28.3%27.4%31.5%
Operating margin16.1%15.5%13.1%12.1%11.2%9.9%8.1%10.8%10.8%15.6%
Net margin10.5%10.2%8.4%7.6%7.1%5.5%4.0%6.8%6.8%10.4%
FCF margin13.4%15.7%10.5%10.6%12.1%8.6%10.1%5.1%2.6%13.7%
Return on assets5.3%5.6%4.3%3.4%3.0%2.2%1.7%3.4%4.0%4.6%
Return on equity10.5%10.4%7.7%6.2%5.4%4.1%3.3%10.3%9.3%10.2%
Debt / equity0.50×0.39×0.39×0.39×0.40×0.42×0.44×1.34×——
Current ratio1.111.301.201.251.321.201.292.701.441.98

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.