WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

WAB 10-Q · Q3 2025

WAB Q3 2025 request

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Income Statement

Income Statement
Metric Q3 2025 Q3 2024 YoY
Revenue 2,886 2,663 +8.4%
Show Product Lines breakouts
Aftermarket · Transit Segment 426 384 +10.9%
Components · Freight Segment 375 371 +1.1%
Digital Intelligence · Freight Segment 297 204 +45.6%
Equipment · Freight Segment 677 513 +32.0%
Original Equipment Manufacturer · Transit Segment 367 349 +5.2%
Product 2,425 2,171 +11.7%
Service 461 492 -6.3%
Service · Freight Segment 744 842 -11.6%
Show Business Segments breakouts
Freight Segment 2,093 1,930 +8.4%
Freight Segment · Intersegment Elimination 13 12 +8.3%
Freight Segment · Operating Segments 2,093 1,930 +8.4%
Transit Segment 793 733 +8.2%
Transit Segment · Intersegment Elimination 14 23 -39.1%
Transit Segment · Operating Segments 793 733 +8.2%
Show Consolidation Items breakouts
Intersegment Elimination -27 -35 +22.9%
Cost of Revenue -1,884 -1,783 -5.7%
Show Product Lines breakouts
Product -1,617 -1,512 -6.9%
Service -267 -271 +1.5%
Show Business Segments breakouts
Freight Segment · Operating Segments -1,343 -1,257 -6.8%
Transit Segment · Operating Segments -541 -526 -2.9%
Gross Profit 1,002 880 +13.9%
Show Business Segments breakouts
Freight Segment · Operating Segments 750 673 +11.4%
Transit Segment · Operating Segments 252 207 +21.7%
Selling, General & Administrative -375 -318 -17.9%
Show Business Segments breakouts
Freight Segment · Operating Segments -219 -173 -26.6%
Transit Segment · Operating Segments -118 -109 -8.3%
Show Consolidation Items breakouts
Corporate Non Segment -38 -36 -5.6%
Research & Development -59 -50 -18.0%
Show Business Segments breakouts
Freight Segment · Operating Segments -45 -37 -21.6%
Transit Segment · Operating Segments -14 -13 -7.7%
Amortization Of Intangible Assets -77 -79 +2.5%
Show Business Segments breakouts
Freight Segment · Operating Segments -72 -73 +1.4%
Transit Segment · Operating Segments -5 -6 +16.7%
Operating Expenses -511 -447 -14.3%
Operating Income 491 433 +13.4%
Show Business Segments breakouts
Freight Segment · Operating Segments 414 390 +6.2%
Transit Segment · Operating Segments 115 79 +45.6%
Show Consolidation Items breakouts
Corporate Non Segment -38 -36 -5.6%
Interest Expense -65 -52 -25.0%
Non-Operating Income (Expense) -1 -3 +66.7%
Income Before Taxes 425 378 +12.4%
Show Business Segments breakouts
Freight Segment · Operating Segments 414 390 +6.2%
Transit Segment · Operating Segments 115 79 +45.6%
Show Consolidation Items breakouts
Corporate Non Segment -104 -91 -14.3%
Income Tax Expense (Benefit) -112 -92 -21.7%
Net Income 313 286 +9.4%
Show Equity Components breakouts
Noncontrolling Interest 3 3 0.0%
Retained Earnings 310 283 +9.5%
Net Income Loss Attributable To Noncontrolling Interest -3 -3 0.0%
Net Income 310 283 +9.5%
EPS (Basic) 1.81 1.63 +11.0%
EPS (Diluted) 1.81 1.63 +11.0%
Wtd Avg Shares (Basic) 170.5 173.4 -1.7%
Wtd Avg Shares (Diluted) 171.1 174.1 -1.7%
Other Non-Operating Income (Expense) -2 -1 -100.0%
Comprehensive Income 267 396 -32.6%
Other Comprehensive Income -43 113 -138.1%
Net Income Loss Available To Common Stockholders Basic 309 283 +9.2%
Income Loss From Equity Method Investments 1 1 0.0%

Balance Sheet

Balance Sheet
Metric Q3 2025 Q3 2024 YoY
Current Assets
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 528 410 +28.8%
Accounts Receivable 1,662 1,231 +35.0%
Show Collateral breakouts
Collateral Pledged 723 646 +11.9%
Contract With Customer Asset Net Current 536 551 -2.7%
Inventory 2,747 2,380 +15.4%
Other Assets Current 315 202 +55.9%
Total Current Assets 5,788 4,774 +21.2%
Non-Current Assets
Property, Plant & Equipment 1,534 1,439 +6.6%
Goodwill 9,853 8,786 +12.1%
Show Business Segments breakouts
Freight Segment 8,211 7,280 +12.8%
Transit Segment 1,642 1,506 +9.0%
Other Non-Current Assets 806 649 +24.2%
Assets Noncurrent 15,739 13,870 +13.5%
Total Assets 21,527 18,644 +15.5%
Show Business Segments breakouts
Freight Segment · Operating Segments 15,471 13,259 +16.7%
Transit Segment · Operating Segments 4,454 4,102 +8.6%
Show Consolidation Items breakouts
Corporate Non Segment 1,602 1,283 +24.9%
Intangible Assets 2,758 2,377 +16.0%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 1,243 841 +47.8%
Order Or Production Backlog 721 828 -12.9%
Technology Based Intangible Assets 794
Other Assets
Intangible Assets Net Excluding Goodwill 3,546 2,996 +18.4%
Current Liabilities
Accounts Payable 1,429 1,338 +6.8%
Deferred Revenue (Current) 940 567 +65.8%
Employee Related Liabilities Current 424 380 +11.6%
Product Warranty Accrual Classified Current 261 244 +7.0%
Current Portion of Long-Term Debt 251 500 -49.8%
Show Fair Value By Measurement Basis breakouts
Estimate Of Fair Value Fair Value Disclosure 251 495 -49.3%
Other Accrued Liabilities Current 759 652 +16.4%
Total Current Liabilities 4,064 3,681 +10.4%
Non-Current Liabilities
Long-Term Debt 5,034 3,517 +43.1%
Show Fair Value By Measurement Basis breakouts
Estimate Of Fair Value Fair Value Disclosure 5,112 3,538 +44.5%
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent 64 62 +3.2%
Deferred Tax Liabilities 553 295 +87.5%
Other Non-Current Liabilities 717 798 -10.2%
Total Liabilities 10,432 8,353 +24.9%
Long-Term Debt 5,285 4,017 +31.6%
Show Debt Instrument breakouts
1.25% Senior Notes (EUR), due 2027 · Estimate Of Fair Value Fair Value Disclosure 567 527 +7.6%
1.25% Senior Notes (EUR), due 2027 · Senior Notes 582 552 +5.4%
2025 Credit Agreement · Secured Debt 720
2025 Credit Agreement · Secured Debt 725
3.45% Senior Notes, due 2026 · Estimate Of Fair Value Fair Value Disclosure 743 738 +0.7%
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 1,265 1,269 -0.3%
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 511
4.90% Senior Notes, due 2030 · Senior Notes 496
5.50% Senior Notes, due 2035 · Estimate Of Fair Value Fair Value Disclosure 776
5.50% Senior Notes, due 2035 · Senior Notes 743
5.611% Senior Notes, due 2034 · Estimate Of Fair Value Fair Value Disclosure 525 529 -0.8%
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 5,363 4,033 +33.0%
Estimate Of Fair Value Fair Value Disclosure · Other Debt Securities 251 1 +25000.0%
Show Long-Term Debt Type breakouts
Other Debt Securities 251 1 +25000.0%
Contract With Customer Liability Noncurrent 187 319 -41.4%
Stockholders' Equity
Common Stock 1 2 -50.0%
Additional Paid In Capital Common Stock 8,047 7,999 +0.6%
Treasury Stock Common Value -115 -3,151 +96.4%
Retained Earnings 3,719 6,007 -38.1%
Accumulated Other Comprehensive Income -604 -607 +0.5%
Total Stockholders' Equity 11,048 10,250 +7.8%
Minority Interest 47 41 +14.6%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 11,095 10,291 +7.8%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -46 -59 +22.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent 22 16 +37.5%
Accumulated Other Comprehensive Income -604 -607 +0.5%
Accumulated Translation Adjustment -580 -564 -2.8%
Additional Paid In Capital 8,047 7,999 +0.6%
Common Stock 1 2 -50.0%
Noncontrolling Interest 47 41 +14.6%
Retained Earnings 3,719 6,007 -38.1%
Treasury Stock Common -115 -3,151 +96.4%
Total Liabilities & Equity 21,527 18,644 +15.5%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2025 YTD Q3 2024 YoY
Operating Activities
Depreciation And Amortization 365 375 -2.7%
Show Business Segments breakouts
Freight Segment · Operating Segments 299 312 -4.2%
Transit Segment · Operating Segments 55 50 +10.0%
Show Consolidation Items breakouts
Corporate Non Segment 11 13 -15.4%
Stock-Based Compensation 58 44 +31.8%
Unrealized Gain Loss On Derivatives -30
Amortization Of Intangible Liability -36 -34 -5.9%
Gain Loss On Sale Of Property Plant Equipment 2 2 0.0%
Change in Accounts Receivable -368 -92 -300.0%
Change in Inventory -228 -115 -98.3%
Change in Accounts Payable 76 87 -12.6%
Increase Decrease In Accrued Income Taxes Payable 67 33 +103.0%
Change in Deferred Revenue 1 -87 +101.1%
Increase Decrease In Accrued Liabilities -24 61 -139.3%
Increase Decrease In Other Operating Capital Net -95 -17 -458.8%
Net Cash from Operations 767 1,111 -31.0%
Investing Activities
Payments To Acquire Businesses Net Of Cash Acquired -1,755 -13 -13400.0%
Capital Expenditures -138 -123 -12.2%
Proceeds From Divestiture Of Businesses 3 17 -82.4%
Proceeds From Sale Of Property Plant And Equipment 3 13 -76.9%
Net Cash from Investing -1,887 -106 -1680.2%
Financing Activities
Proceeds From Issuance Of Long Term Debt And Capital Securities Net 3,857 1,872 +106.0%
Repayments Of Long Term Debt And Capital Securities -2,622 -1,934 -35.6%
Share Repurchases -148 -974 +84.8%
Payments Of Dividends Common Stock -130 -106 -22.6%
Tax Withholding for Share Compensation -39 -24 -62.5%
Payments To Minority Shareholders -6 -6 0.0%
Proceeds From Payments For Other Financing Activities -5 5 -200.0%
Net Cash from Financing 907 -1,209 +175.0%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 26 -6 +533.3%
Net Change in Cash -187 -210 +11.0%

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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