Westinghouse Air Brake Technologies revenue and financials

WAB · NYSE · USD

$291.16−0.24%−$0.70

Close · October 6, 2026

In the fiscal year ended December 2025, Westinghouse Air Brake Technologies reported revenue of $11.17B (+7.51% year over year). Net income was $1.17B, a net margin of 10.5%.

Annual revenue · 2025: $11.17B

$2.93B2016
$3.88B2017
$4.36B2018
$8.2B2019
$7.56B2020
$7.82B2021
$8.36B2022
$9.68B2023
$10.39B2024
$11.17B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +7.51%; 2025 vs 2024
Net income growth: +10.80%; 2025 vs 2024
Net margin: 10.5%; 2024: 10.2%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	11,167	10,387	9,677	8,362	7,822	7,556	8,200	4,364	3,882	2,931
Cost of revenue	7,361	7,021	6,733	5,822	5,453	5,419	5,922	3,130	2,816	2,007
Gross profit	3,806	3,366	2,944	2,540	2,369	2,137	2,278	1,234	1,065	924
Selling, general and administrative	1,370	1,219	1,114	1,021	1,026	—	—	—	—	—
Research and development	223	206	218	209	176	162	210	87.5	95.2	71.4
Operating income	1,793	1,609	1,266	1,011	876	745	663	473	421	457
EBIT	1,978	1,677	1,322	1,058	880	—	—	—	—	—
EBITDA	2,435	2,134	1,797	1,484	1,321	—	—	—	—	—
Interest expense	225	201	218	179	172	—	—	—	—	—
Pre-tax income	1,592	1,410	1,092	854	737	—	—	—	—	—
Income tax	409	343	267	213	172	145	120	75.9	89.8	99.4
Net income	1,170	1,056	815	633	558	414	327	295	262	305
Net income to common shareholders	1,167	1,053	813	631	558	—	—	—	—	—
Basic EPS	6.84	6.05	4.54	3.46	2.96	2.18	1.91	3.06	2.74	3.37
Diluted EPS	6.83	6.04	4.53	3.46	2.96	2.17	1.84	3.05	2.72	3.34
Average shares (basic)	171	174	179	182	188	—	—	—	—	—
Average shares (diluted)	171	175	180	183	188	190	177	96.5	96.1	91.1
Dividend per share	1.00	0.80	0.68	0.60	0.48	—	—	—	—	—