WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

WAB 10-K · FY 2025

WAB FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 11,167 10,387 +7.5%
Show Product Lines breakouts
Aftermarket · Transit Segment 1,738 1,611 +7.9%
Components · Freight Segment 1,586 1,555 +2.0%
Digital Intelligence · Freight Segment 1,030 786 +31.0%
Equipment · Freight Segment 2,365 2,108 +12.2%
Original Equipment Manufacturer · Transit Segment 1,393 1,308 +6.5%
Product 9,261 8,434 +9.8%
Service 1,906 1,953 -2.4%
Service · Freight Segment 3,055 3,019 +1.2%
Show Business Segments breakouts
Freight Segment 8,036 7,468 +7.6%
Freight Segment · Intersegment Elimination 48 48 0.0%
Freight Segment · Operating Segments 8,036 7,468 +7.6%
Transit Segment 3,131 2,919 +7.3%
Transit Segment · Intersegment Elimination 48 59 -18.6%
Transit Segment · Operating Segments 3,131 2,919 +7.3%
Show Geography breakouts
Africa 326 194 +68.0%
Australia / New Zealand 453 481 -5.8%
CA 555 616 -9.9%
CN 297 242 +22.7%
DE 379 371 +2.2%
Europe 1,956 1,814 +7.8%
FR 419 369 +13.6%
GB 313 296 +5.7%
IN 699 579 +20.7%
IT 182 166 +9.6%
Kazakhstan / CIS 431 559 -22.9%
MX 270 275 -1.8%
North America 6,192 5,815 +6.5%
Other Asia / Middle East 300 258 +16.3%
Other Europe 663 612 +8.3%
South America 513 445 +15.3%
US 5,367 4,924 +9.0%
Show Consolidation Items breakouts
Intersegment Elimination -96 -107 +10.3%
Cost of Revenue -7,361 -7,021 -4.8%
Show Product Lines breakouts
Product -6,244 -5,918 -5.5%
Service -1,117 -1,103 -1.3%
Show Business Segments breakouts
Freight Segment · Operating Segments -5,201 -4,945 -5.2%
Transit Segment · Operating Segments -2,160 -2,076 -4.0%
Gross Profit 3,806 3,366 +13.1%
Show Business Segments breakouts
Freight Segment · Operating Segments 2,835 2,523 +12.4%
Transit Segment · Operating Segments 971 843 +15.2%
Selling, General & Administrative -1,490 -1,248 -19.4%
Show Business Segments breakouts
Freight Segment · Operating Segments -823 -664 -23.9%
Transit Segment · Operating Segments -471 -433 -8.8%
Show Consolidation Items breakouts
Corporate Non Segment -196 -151 -29.8%
Research & Development -223 -206 -8.3%
Show Business Segments breakouts
Freight Segment · Operating Segments -170 -164 -3.7%
Transit Segment · Operating Segments -53 -42 -26.2%
Amortization Of Intangible Assets -300 -303 +1.0%
Show Business Segments breakouts
Freight Segment · Operating Segments -275 -273 -0.7%
Transit Segment · Operating Segments -25 -30 +16.7%
Operating Expenses -2,013 -1,757 -14.6%
Operating Income 1,793 1,609 +11.4%
Show Business Segments breakouts
Freight Segment · Operating Segments 1,567 1,422 +10.2%
Transit Segment · Operating Segments 422 338 +24.9%
Show Consolidation Items breakouts
Corporate Non Segment -196 -151 -29.8%
Interest Expense -225 -201 -11.9%
Non-Operating Income (Expense) 24 2 +1100.0%
Income Before Taxes 1,592 1,410 +12.9%
Show Business Segments breakouts
Freight Segment · Operating Segments 1,567 1,422 +10.2%
Transit Segment · Operating Segments 422 338 +24.9%
Show Consolidation Items breakouts
Corporate Non Segment -397 -350 -13.4%
Income Tax Expense (Benefit) -409 -343 -19.2%
Net Income 1,183 1,067 +10.9%
Show Equity Components breakouts
Noncontrolling Interest 13 11 +18.2%
Retained Earnings 1,170 1,056 +10.8%
Net Income Loss Attributable To Noncontrolling Interest -13 -11 -18.2%
Net Income 1,170 1,056 +10.8%
EPS (Basic) 6.84 6.05 +13.1%
EPS (Diluted) 6.83 6.04 +13.1%
Wtd Avg Shares (Basic) 170.5 174.1 -2.1%
Wtd Avg Shares (Diluted) 171.1 174.8 -2.1%
Other Non-Operating Income (Expense) -2 2 -200.0%
Comprehensive Income 1,400 800 +75.0%
Other Comprehensive Income 230 -256 +189.8%
Net Income Loss Available To Common Stockholders Basic 1,167 1,053 +10.8%
Income Loss From Equity Method Investments 2 8 -75.0%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 789 715 +10.3%
Accounts Receivable 1,410 1,152 +22.4%
Show Collateral breakouts
Collateral Pledged 623 693 -10.1%
Contract With Customer Asset Net Current 487 550 -11.5%
Inventory 2,745 2,314 +18.6%
Other Assets Current 263 212 +24.1%
Total Current Assets 5,694 4,943 +15.2%
Non-Current Assets
Property, Plant & Equipment 1,616 1,447 +11.7%
Goodwill 10,216 8,710 +17.3%
Show Business Segments breakouts
Freight Segment 8,567 7,248 +18.2%
Transit Segment 1,649 1,462 +12.8%
Other Non-Current Assets 705 668 +5.5%
Assets Noncurrent 16,375 13,759 +19.0%
Total Assets 22,069 18,702 +18.0%
Show Business Segments breakouts
Freight Segment · Operating Segments 16,049 13,176 +21.8%
Transit Segment · Operating Segments 4,344 3,861 +12.5%
Show Consolidation Items breakouts
Corporate Non Segment 1,676 1,665 +0.7%
Intangible Assets 2,987 2,339 +27.7%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 1,450 849 +70.8%
Order Or Production Backlog 698 786 -11.2%
Technology Based Intangible Assets 839 704 +19.2%
Other Assets
Intangible Assets Net Excluding Goodwill 3,838 2,934 +30.8%
Current Liabilities
Accounts Payable 1,402 1,300 +7.8%
Deferred Revenue (Current) 1,015 693 +46.5%
Employee Related Liabilities Current 490 425 +15.3%
Product Warranty Accrual Classified Current 266 248 +7.3%
Current Portion of Long-Term Debt 1,250 500 +150.0%
Show Fair Value By Measurement Basis breakouts
Estimate Of Fair Value Fair Value Disclosure 1,246 496 +151.2%
Other Accrued Liabilities Current 727 626 +16.1%
Total Current Liabilities 5,150 3,792 +35.8%
Non-Current Liabilities
Long-Term Debt 4,291 3,480 +23.3%
Show Fair Value By Measurement Basis breakouts
Estimate Of Fair Value Fair Value Disclosure 4,392 3,448 +27.4%
Deferred Tax Liabilities 606 376 +61.2%
Other Non-Current Liabilities 832 921 -9.7%
Total Liabilities 10,879 8,569 +27.0%
Long-Term Debt 5,541 3,980 +39.2%
Show Debt Instrument breakouts
1.25% Senior Notes (EUR), due 2027 · Estimate Of Fair Value Fair Value Disclosure 575 495 +16.2%
1.25% Senior Notes (EUR), due 2027 · Senior Notes 583 514 +13.4%
2025 Credit Agreement · Secured Debt 721
2025 Credit Agreement · Secured Debt 725
2025 Term Credit Agreement · Secured Debt 500
2025 Term Credit Agreement · Secured Debt 500
3.45% Senior Notes, due 2026 · Estimate Of Fair Value Fair Value Disclosure 746 732 +1.9%
3.45% Senior Notes, due 2026 · Senior Notes 750 750 0.0%
4.70% Senior Notes, due 2028 · Estimate Of Fair Value Fair Value Disclosure 1,266 1,239 +2.2%
4.70% Senior Notes, due 2028 · Senior Notes 1,247 1,246 +0.1%
4.90% Senior Notes, due 2030 · Estimate Of Fair Value Fair Value Disclosure 512
4.90% Senior Notes, due 2030 · Senior Notes 496
5.50% Senior Notes, due 2035 · Estimate Of Fair Value Fair Value Disclosure 783
5.50% Senior Notes, due 2035 · Senior Notes 743
5.611% Senior Notes, due 2034 · Estimate Of Fair Value Fair Value Disclosure 526 507 +3.7%
5.611% Senior Notes, due 2034 · Senior Notes 496 496 0.0%
Show Fair Value By Measurement Basis breakouts
Estimate Of Fair Value Fair Value Disclosure 5,638 3,944 +43.0%
Estimate Of Fair Value Fair Value Disclosure · Other Debt Securities 5
Show Long-Term Debt Type breakouts
Other Debt Securities 5
Contract With Customer Liability Noncurrent 259 389 -33.4%
Stockholders' Equity
Common Stock 1 2 -50.0%
Additional Paid In Capital Common Stock 8,069 8,023 +0.6%
Treasury Stock Common Value -190 -3,273 +94.2%
Retained Earnings 3,878 6,185 -37.3%
Accumulated Other Comprehensive Income -616 -846 +27.2%
Total Stockholders' Equity 11,142 10,091 +10.4%
Minority Interest 48 42 +14.3%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 11,190 10,133 +10.4%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -48 -45 -6.7%
Accumulated Gain Loss Net Cash Flow Hedge Parent 21 17 +23.5%
Accumulated Other Comprehensive Income -616 -846 +27.2%
Accumulated Translation Adjustment -589 -818 +28.0%
Additional Paid In Capital 8,069 8,023 +0.6%
Common Stock 1 2 -50.0%
Noncontrolling Interest 48 42 +14.3%
Retained Earnings 3,878 6,185 -37.3%
Treasury Stock Common -190 -3,273 +94.2%
Total Liabilities & Equity 22,069 18,702 +18.0%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation And Amortization 501 503 -0.4%
Show Business Segments breakouts
Freight Segment · Operating Segments 413 413 0.0%
Transit Segment · Operating Segments 74 73 +1.4%
Show Consolidation Items breakouts
Corporate Non Segment 14 17 -17.6%
Stock-Based Compensation 80 66 +21.2%
Gain Loss On Sale Of Business 38
Unrealized Gain Loss On Derivatives -19
Amortization Of Intangible Liability -44 -44 0.0%
Deferred Income Taxes 11 51 -78.4%
Gain Loss On Sale Of Property Plant Equipment 2 4 -50.0%
Change in Accounts Receivable -36 -34 -5.9%
Change in Inventory -182 -117 -55.6%
Change in Accounts Payable 34 70 -51.4%
Increase Decrease In Accrued Income Taxes Payable 6 21 -71.4%
Change in Deferred Revenue 146 113 +29.2%
Increase Decrease In Accrued Liabilities 36 124 -71.0%
Increase Decrease In Other Operating Capital Net 3 10 -70.0%
Net Cash from Operations 1,759 1,834 -4.1%
Investing Activities
Payments To Acquire Businesses Net Of Cash Acquired -2,520 -168 -1400.0%
Capital Expenditures -260 -207 -25.6%
Proceeds From Divestiture Of Businesses Net Of Cash Divested 8 19 -57.9%
Increase Decrease In Settlement Of Derivative Related To Acquisition 20
Proceeds From Sale Of Property Plant And Equipment 5 13 -61.5%
Net Cash from Investing -2,747 -343 -700.9%
Financing Activities
Proceeds From Issuance Of Long Term Debt And Capital Securities Net 4,708 2,258 +108.5%
Repayments Of Long Term Debt And Capital Securities -3,224 -2,322 -38.8%
Share Repurchases -223 -1,097 +79.7%
Payments Of Dividends Common Stock -173 -140 -23.6%
Tax Withholding for Share Compensation -40 -25 -60.0%
Payments To Minority Shareholders -6 -6 0.0%
Proceeds From Payments For Other Financing Activities -11 3 -466.7%
Net Cash from Financing 1,031 -1,371 +175.2%
Supplemental
Income Taxes Paid 342 237 +44.3%
Interest Paid 219 181 +21.0%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 31 -25 +224.0%
Net Change in Cash 74 95 -22.1%

Values in millions USD. Source: SEC EDGAR 10-K filing.

This table is rendered from the same JSON returned by /api/financials.

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