Westinghouse Air Brake Technologies Corporation (WAB)

WAB Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	10,562	10,387	9,677	8,362	7,822	7,556
Revenue Growth (YoY)	3.38%	7.34%	15.73%	6.90%	3.52%	-7.85%
Cost of Revenue	7,016	6,984	6,695	5,783	5,453	5,374
Gross Profit	3,546	3,403	2,982	2,579	2,369	2,182
Selling, General & Admin	1,289	1,233	1,126	1,021	1,026	867
Research & Development	197	206	218	209	176	162
Operating Expenses	1,784	1,740	1,663	1,521	1,489	1,311
Operating Income	1,762	1,663	1,319	1,058	880	871
Interest Expense	-183	-187	-205	-179	-172	-199
Earnings From Equity Investments	6	8	25	17	20	10
Currency Exchange Gain (Loss)	-28	-19	-20	6	8	-8
Other Non Operating Income (Expenses)	34	2	-4	-2	1	-1
EBT Excluding Unusual Items	1,591	1,467	1,115	900	737	673
Merger & Restructuring Charges	-53	-57	-58	-46	-	-116
Gain (Loss) on Sale of Investments	-	-	35	-	-	-
Pretax Income	1,538	1,410	1,092	854	737	557
Income Tax Expense	373	343	267	213	172	145
Earnings From Continuing Operations	1,165	1,067	825	641	565	412
Minority Interest in Earnings	-12	-11	-10	-8	-7	2
Net Income	1,153	1,056	815	633	558	414
Preferred Dividends & Other Adjustments	3	3	2	2	-	1
Net Income to Common	1,150	1,053	813	631	558	413
Net Income Growth	13.48%	29.57%	28.75%	13.44%	34.78%	26.61%
Shares Outstanding (Basic)	171	174	179	182	188	190
Shares Outstanding (Diluted)	172	175	180	183	188	190
Shares Change (YoY)	-3.21%	-2.62%	-1.80%	-2.82%	-1.21%	7.39%
EPS (Basic)	6.71	6.05	4.55	3.46	2.97	2.17
EPS (Diluted)	6.70	6.04	4.54	3.46	2.96	2.17
EPS Growth	17.44%	33.05%	31.12%	16.99%	36.41%	18.02%
Free Cash Flow	1,452	1,627	1,015	889	943	648
Free Cash Flow Per Share	8.44	9.31	5.66	4.86	5.01	3.40
Dividend Per Share	0.900	0.800	0.680	0.600	0.480	0.480
Dividend Growth	21.62%	17.65%	13.33%	25.00%	-	-
Gross Margin	33.57%	32.76%	30.81%	30.84%	30.29%	28.88%
Operating Margin	16.68%	16.01%	13.63%	12.65%	11.25%	11.53%
Profit Margin	10.89%	10.14%	8.40%	7.55%	7.13%	5.47%
Free Cash Flow Margin	13.75%	15.66%	10.49%	10.63%	12.06%	8.58%
EBITDA	2,212	2,116	1,782	1,484	1,321	1,256
EBITDA Margin	20.94%	20.37%	18.41%	17.75%	16.89%	16.62%
D&A For EBITDA	450	453	463	426	441	385
EBIT	1,762	1,663	1,319	1,058	880	871
EBIT Margin	16.68%	16.01%	13.63%	12.65%	11.25%	11.53%
Effective Tax Rate	24.25%	24.33%	24.45%	24.94%	23.34%	26.03%
Revenue as Reported	10,562	10,387	9,677	8,362	7,822	7,556

Updated Jul 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q