WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

WAB 10-Q · Q2 2025

WAB Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 2,706 2,644 +2.3%
Show Product Lines breakouts
Aftermarket · Transit Segment 434 414 +4.8%
Components · Freight Segment 401 414 -3.1%
Digital Intelligence · Freight Segment 191 199 -4.0%
Equipment · Freight Segment 546 570 -4.2%
Original Equipment Manufacturer · Transit Segment 353 310 +13.9%
Product 2,226 2,145 +3.8%
Service 480 499 -3.8%
Service · Freight Segment 781 737 +6.0%
Show Business Segments breakouts
Freight Segment 1,919 1,920 -0.1%
Freight Segment · Intersegment Elimination 13 12 +8.3%
Freight Segment · Operating Segments 1,919 1,920 -0.1%
Transit Segment 787 724 +8.7%
Transit Segment · Intersegment Elimination 12 10 +20.0%
Transit Segment · Operating Segments 787 724 +8.7%
Show Consolidation Items breakouts
Intersegment Elimination -25 -22 -13.6%
Cost of Revenue -1,768 -1,770 +0.1%
Show Product Lines breakouts
Product -1,481 -1,490 +0.6%
Service -287 -280 -2.5%
Show Business Segments breakouts
Freight Segment · Operating Segments -1,222 -1,251 +2.3%
Transit Segment · Operating Segments -546 -519 -5.2%
Gross Profit 938 874 +7.3%
Show Business Segments breakouts
Freight Segment · Operating Segments 697 669 +4.2%
Transit Segment · Operating Segments 241 205 +17.6%
Selling, General & Administrative -347 -316 -9.8%
Show Business Segments breakouts
Freight Segment · Operating Segments -181 -165 -9.7%
Transit Segment · Operating Segments -114 -108 -5.6%
Show Consolidation Items breakouts
Corporate Non Segment -52 -43 -20.9%
Research & Development -50 -57 +12.3%
Show Business Segments breakouts
Freight Segment · Operating Segments -38 -47 +19.1%
Transit Segment · Operating Segments -12 -10 -20.0%
Amortization Of Intangible Assets -69 -71 +2.8%
Show Business Segments breakouts
Freight Segment · Operating Segments -63 -66 +4.5%
Transit Segment · Operating Segments -6 -5 -20.0%
Operating Expenses -466 -444 -5.0%
Operating Income 472 430 +9.8%
Show Business Segments breakouts
Freight Segment · Operating Segments 415 391 +6.1%
Transit Segment · Operating Segments 109 82 +32.9%
Show Consolidation Items breakouts
Corporate Non Segment -52 -43 -20.9%
Interest Expense -46 -49 +6.1%
Non-Operating Income (Expense) 24 4 +500.0%
Income Before Taxes 450 385 +16.9%
Show Business Segments breakouts
Freight Segment · Operating Segments 415 391 +6.1%
Transit Segment · Operating Segments 109 82 +32.9%
Show Consolidation Items breakouts
Corporate Non Segment -74 -88 +15.9%
Income Tax Expense (Benefit) -111 -94 -18.1%
Net Income 339 291 +16.5%
Show Equity Components breakouts
Noncontrolling Interest 3 2 +50.0%
Retained Earnings 336 289 +16.3%
Net Income Loss Attributable To Noncontrolling Interest -3 -2 -50.0%
Net Income 336 289 +16.3%
EPS (Basic) 1.96 1.64 +19.5%
EPS (Diluted) 1.96 1.64 +19.5%
Wtd Avg Shares (Basic) 170.6 175.4 -2.7%
Wtd Avg Shares (Diluted) 171.2 176 -2.7%
Other Non-Operating Income (Expense) -2 2 -200.0%
Comprehensive Income 508 236 +115.3%
Other Comprehensive Income 172 -53 +424.5%
Net Income Loss Available To Common Stockholders Basic 335 288 +16.3%
Income Loss From Equity Method Investments -3 1 -400.0%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,499 595 +151.9%
Accounts Receivable 1,441 1,269 +13.6%
Show Collateral breakouts
Collateral Pledged 762 695 +9.6%
Contract With Customer Asset Net Current 558 532 +4.9%
Inventory 2,571 2,364 +8.8%
Other Assets Current 285 267 +6.7%
Total Current Assets 6,354 5,027 +26.4%
Non-Current Assets
Property, Plant & Equipment 1,476 1,439 +2.6%
Goodwill 8,936
Show Business Segments breakouts
Freight Segment 7,291
Transit Segment 1,645
Other Non-Current Assets 736 673 +9.4%
Assets Noncurrent 14,037 13,849 +1.4%
Total Assets 20,391 18,876 +8.0%
Show Business Segments breakouts
Freight Segment · Operating Segments 13,390 13,355 +0.3%
Transit Segment · Operating Segments 4,405 3,917 +12.5%
Show Consolidation Items breakouts
Corporate Non Segment 2,596 1,604 +61.8%
Intangible Assets 2,243 2,434 -7.8%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 847 858 -1.3%
Order Or Production Backlog 742 844 -12.1%
Technology Based Intangible Assets 654
Other Assets
Intangible Assets Net Excluding Goodwill 2,889 3,031 -4.7%
Current Liabilities
Accounts Payable 1,407 1,331 +5.7%
Deferred Revenue (Current) 936 646 +44.9%
Employee Related Liabilities Current 325 280 +16.1%
Product Warranty Accrual Classified Current 263 228 +15.4%
Other Accrued Liabilities Current 675 659 +2.4%
Total Current Liabilities 3,606 3,647 -1.1%
Non-Current Liabilities
Long-Term Debt 4,784 3,494 +36.9%
Show Fair Value By Measurement Basis breakouts
Estimate Of Fair Value Fair Value Disclosure 4,819 3,416 +41.1%
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent 64 61 +4.9%
Deferred Tax Liabilities 411 323 +27.2%
Other Non-Current Liabilities 681 831 -18.1%
Total Liabilities 9,546 8,356 +14.2%
Long-Term Debt 4,784 3,997 +19.7%
Show Debt Instrument breakouts
1.25% Senior Notes (EUR), due 2027 · Estimate Of Fair Value Fair Value Disclosure 567 497 +14.1%
1.25% Senior Notes (EUR), due 2027 · Senior Notes 583 532 +9.6%
2025 Credit Agreement · Secured Debt 470
2025 Credit Agreement · Secured Debt 475
3.45% Senior Notes, due 2026 · Estimate Of Fair Value Fair Value Disclosure 740 717 +3.2%
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 1,256 1,224 +2.6%
4.70% Senior Notes, due 2028 · Senior Notes 1,247 1,245 +0.2%
4.90% Senior Notes, due 2030 · Estimate Of Fair Value Fair Value Disclosure 506
4.90% Senior Notes, due 2030 · Senior Notes 495
5.50% Senior Notes, due 2035 · Estimate Of Fair Value Fair Value Disclosure 759
5.50% Senior Notes, due 2035 · Senior Notes 743
5.611% Senior Notes, due 2034 · Estimate Of Fair Value Fair Value Disclosure 516 503 +2.6%
5.611% Senior Notes, due 2034 · Senior Notes 496 495 +0.2%
Show Fair Value By Measurement Basis breakouts
Estimate Of Fair Value Fair Value Disclosure 4,819 3,908 +23.3%
Contract With Customer Liability Noncurrent 203 311 -34.7%
Stockholders' Equity
Common Stock 1 2 -50.0%
Additional Paid In Capital Common Stock 8,025 7,981 +0.6%
Treasury Stock Common Value -116 -2,545 +95.4%
Retained Earnings 3,452 5,759 -40.1%
Accumulated Other Comprehensive Income -561 -720 +22.1%
Total Stockholders' Equity 10,801 10,477 +3.1%
Minority Interest 44 43 +2.3%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 10,845 10,520 +3.1%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -47 -59 +20.3%
Accumulated Gain Loss Net Cash Flow Hedge Parent 22 17 +29.4%
Accumulated Other Comprehensive Income -561 -720 +22.1%
Accumulated Translation Adjustment -536 -678 +20.9%
Additional Paid In Capital 8,025 7,981 +0.6%
Common Stock 1 2 -50.0%
Noncontrolling Interest 44 43 +2.3%
Retained Earnings 3,452 5,759 -40.1%
Treasury Stock Common -116 -2,545 +95.4%
Total Liabilities & Equity 20,391 18,876 +8.0%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Depreciation And Amortization 237 241 -1.7%
Show Business Segments breakouts
Freight Segment · Operating Segments 192 201 -4.5%
Transit Segment · Operating Segments 38 32 +18.8%
Show Consolidation Items breakouts
Corporate Non Segment 7 8 -12.5%
Stock-Based Compensation 36 26 +38.5%
Unrealized Gain Loss On Derivatives -32
Amortization Of Intangible Liability -22 -23 +4.3%
Change in Accounts Receivable -243 -146 -66.4%
Change in Inventory -180 -120 -50.0%
Change in Accounts Payable 74 93 -20.4%
Increase Decrease In Accrued Income Taxes Payable -1 14 -107.1%
Change in Deferred Revenue 14 -5 +380.0%
Increase Decrease In Accrued Liabilities -108 -47 -129.8%
Increase Decrease In Other Operating Capital Net -41 -34 -20.6%
Net Cash from Operations 400 569 -29.7%
Investing Activities
Capital Expenditures -83 -77 -7.8%
Payments To Acquire Businesses Net Of Cash Acquired -21
Payments To Acquire Businesses Net Of Cash Acquired (Q)
Show Product Lines breakouts
Components Product Line · Freight Segment -21
Proceeds From Sale Of Property Plant And Equipment 6 20 -70.0%
Net Cash from Investing -98 -57 -71.9%
Financing Activities
Proceeds From Issuance Of Long Term Debt And Capital Securities Net 2,189 1,803 +21.4%
Repayments Of Long Term Debt And Capital Securities -1,454 -1,861 +21.9%
Share Repurchases -148 -375 +60.5%
Payments Of Dividends Common Stock -87 -71 -22.5%
Tax Withholding for Share Compensation -39 -23 -69.6%
Proceeds From Payments For Other Financing Activities -7 4 -275.0%
Net Cash from Financing 454 -523 +186.8%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 28 -14 +300.0%
Net Change in Cash 784 -25 +3236.0%

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

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

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