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WAB · NYSE · Railroads

Wabtec (WAB)

Builds rail locomotives, transit systems and recurring aftermarket services worldwide.

$288.78

vs last close+5.40 (+1.91%)

In millions of USD, except per-share figures

In millions	FY2016Dec 2016	FY2017Dec 2017	FY2018Dec 2018	FY2019Dec 2019	FY2020Dec 2020	FY2021Dec 2021	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Revenue	2,931	3,882	4,364	8,200	7,556	7,822	8,362	9,677	10,387	11,167
Cost of revenue	2,007	2,816	3,130	5,922	5,419	5,452	5,822	6,733	7,021	7,438
Gross profit	924	1,065	1,234	2,278	2,137	2,369	2,540	2,944	3,366	3,729
	466	645	760	1,615	1,393	1,493	1,529	1,678	1,757	1,919
Research & development	71	95	87	210	162	176	209	218	206	223
	372	513	633	1,167	948	1,030	1,029	1,138	1,248	1,477
Selling & marketing	0	0	0	0	0	0	0	0	2	0
General & administrative	0	0	0	0	0	0	0	284	314	0
Other expenses	23	37	40	238	282	287	291	322	303	219
Operating income	458	421	473	663	745	876	1,011	1,266	1,609	1,810
	−46	−69	−106	−216	−187	−139	−157	−174	−199	−218
Interest expense	43	75	112	219	199	177	186	218	201	225
Other non-operating income	3	−7	−6	−3	−12	−38	−29	−44	−2	−7
Income before tax	413	352	368	447	557	737	854	1,092	1,410	1,592
Income tax expense	99	90	76	120	145	172	213	267	343	409
Net income from continuing operations	313	262	292	326	412	565	641	825	1,067	1,183
Other adjustments	−9	0	0	0	0	0	0	0	0	0
Net income	305	262	295	326	414	558	633	815	1,056	1,170
EPS, basic	$3.37	$2.73	$3.07	$1.73	$2.17	$2.96	$3.47	$4.56	$6.05	$6.84
EPS, diluted	$3.35	$2.73	$3.06	$1.69	$2.17	$2.96	$3.47	$4.54	$6.03	$6.83
Weighted average shares, basic	90	96	96	169	190	188	182	179	174	170
Weighted average shares, diluted	91	96	97	174	190	188	183	180	175	171
EBITDA	525	530	589	985	1,141	1,355	1,466	1,787	2,070	2,318
Depreciation & amortization	70	103	109	319	385	441	426	477	459	501
EBIT	455	427	480	666	756	914	1,040	1,310	1,611	1,817