Westinghouse Air Brake Technologies Corporation (WAB) — Financial statements
Income statement, balance sheet, and cash flow for Westinghouse Air Brake Technologies Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 11,167↑7.5% | 10,387↑7.3% | 9,677↑15.7% | 8,362↑6.9% | 7,822 | |
| Cost of Revenue | 7,652↑9.0% | 7,021↑4.3% | 6,733↑15.6% | 5,822↑6.8% | 5,453 | |
| Gross Profit | 3,515↑4.4% | 3,366↑14.3% | 2,944↑15.9% | 2,540↑7.2% | 2,369 | |
| Operating Expenses | ||||||
| R&D Expenses | 223↑8.3% | 206↓5.5% | 218↑4.3% | 209↑18.8% | 176 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 1,423↑14.0% | 1,248↑9.6% | 1,139↑10.7% | 1,029↓0.1% | 1,030 | |
| Other Expenses | 0.00↓100.0% | 303↓5.6% | 321↑10.3% | 291↑1.4% | 287 | |
| Operating Expenses | 1,646↓6.3% | 1,757↑4.7% | 1,678↑9.7% | 1,529↑2.4% | 1,493 | |
| Total Costs & Expenses | 9,298↑5.9% | 8,778↑4.4% | 8,411↑14.4% | 7,351↑5.8% | 6,946 | |
| Operating Results | ||||||
| Operating Income | 1,869↑16.2% | 1,609↑27.1% | 1,266↑25.2% | 1,011↑15.4% | 876 | |
| Depreciation & Amortization | 501↑9.2% | 459↓3.8% | 477↑12.0% | 426↓3.4% | 441 | |
| EBITDA | 2,370↑14.5% | 2,070↑15.8% | 1,787↑21.9% | 1,466↑8.2% | 1,355 | |
| EBIT | 1,869↑16.0% | 1,611↑23.0% | 1,310↑26.0% | 1,040↑13.8% | 914 | |
| Interest & Other Income | ||||||
| Net Interest Income | -225↓11.9% | -201↑7.8% | -218↓17.2% | -186↓5.1% | -177 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 225↑11.9% | 201↓7.8% | 218↑17.2% | 186↑5.1% | 177 | |
| Non-Operating Income | 0.00↑100.0% | -2↑95.5% | -44↓51.7% | -29↑23.7% | -38 | |
| Other Income / Expenses | -277↓39.2% | -199↓14.4% | -174↓10.8% | -157↓12.9% | -139 | |
| Income Before Tax | 1,592↑12.9% | 1,410↑29.1% | 1,092↑27.9% | 854↑15.9% | 737 | |
| Income Tax Expense | 409↑19.2% | 343↑28.5% | 267↑25.4% | 213↑23.8% | 172 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,183↑10.9% | 1,067↑29.3% | 825↑28.7% | 641↑13.5% | 565 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,170↑10.8% | 1,056↑29.6% | 815↑28.8% | 633↑13.4% | 558 | |
| Bottom-Line Net Income | 1,170↑10.8% | 1,056↑29.6% | 815↑28.8% | 633↑13.8% | 556 | |
| EPS (Basic) | 6.86↑13.4% | 6.05↑32.7% | 4.56↑31.4% | 3.47↑17.2% | 2.96 | |
| EPS (Diluted) | 6.83↑13.1% | 6.04↑33.0% | 4.54↑31.2% | 3.46↑16.9% | 2.96 | |
| Weighted Average Shares | 171↓2.1% | 174↓2.6% | 179↓1.9% | 182↓2.9% | 188 | |
| Weighted Average Diluted Shares | 171↓2.1% | 175↓2.6% | 180↓1.8% | 183↓2.8% | 188 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.