WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

WAB 10-Q · Q1 2026

WAB Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 2,950 2,610 +13.0%
Show Product Lines breakouts
Aftermarket · Transit Segment 454 387 +17.3%
Components · Freight Segment 357 381 -6.3%
Digital Intelligence · Freight Segment 318 181 +75.7%
Equipment · Freight Segment 726 476 +52.5%
Original Equipment Manufacturer · Transit Segment 381 322 +18.3%
Product 2,531 2,157 +17.3%
Service 419 453 -7.5%
Service · Freight Segment 714 863 -17.3%
Show Business Segments breakouts
Freight Segment 2,115 1,901 +11.3%
Freight Segment · Intersegment Elimination 14 11 +27.3%
Freight Segment · Operating Segments 2,115 1,901 +11.3%
Transit Segment 835 709 +17.8%
Transit Segment · Intersegment Elimination 10 9 +11.1%
Transit Segment · Operating Segments 835 709 +17.8%
Show Consolidation Items breakouts
Intersegment Elimination -24 -20 -20.0%
Cost of Revenue -1,889 -1,710 -10.5%
Show Product Lines breakouts
Product -1,616 -1,450 -11.4%
Service -273 -260 -5.0%
Show Business Segments breakouts
Freight Segment · Operating Segments -1,327 -1,216 -9.1%
Transit Segment · Operating Segments -562 -494 -13.8%
Gross Profit 1,061 900 +17.9%
Show Business Segments breakouts
Freight Segment · Operating Segments 788 685 +15.0%
Transit Segment · Operating Segments 273 215 +27.0%
Selling, General & Administrative -401 -307 -30.6%
Show Business Segments breakouts
Freight Segment · Operating Segments -219 -164 -33.5%
Transit Segment · Operating Segments -128 -107 -19.6%
Show Consolidation Items breakouts
Corporate Non Segment -54 -36 -50.0%
Research & Development -56 -46 -21.7%
Show Business Segments breakouts
Freight Segment · Operating Segments -43 -36 -19.4%
Transit Segment · Operating Segments -13 -10 -30.0%
Amortization Of Intangible Assets -87 -73 -19.2%
Show Business Segments breakouts
Freight Segment · Operating Segments -76 -65 -16.9%
Transit Segment · Operating Segments -11 -8 -37.5%
Operating Expenses -544 -426 -27.7%
Operating Income 517 474 +9.1%
Show Business Segments breakouts
Freight Segment · Operating Segments 450 420 +7.1%
Transit Segment · Operating Segments 121 90 +34.4%
Show Consolidation Items breakouts
Corporate Non Segment -54 -36 -50.0%
Interest Expense -71 -46 -54.3%
Non-Operating Income (Expense) 23 -2 +1250.0%
Income Before Taxes 469 426 +10.1%
Show Business Segments breakouts
Freight Segment · Operating Segments 450 420 +7.1%
Transit Segment · Operating Segments 121 90 +34.4%
Show Consolidation Items breakouts
Corporate Non Segment -102 -84 -21.4%
Income Tax Expense (Benefit) -106 -99 -7.1%
Net Income 363 327 +11.0%
Show Equity Components breakouts
Noncontrolling Interest 1 5 -80.0%
Retained Earnings 362 322 +12.4%
Net Income Loss Attributable To Noncontrolling Interest -1 -5 +80.0%
Net Income 362 322 +12.4%
EPS (Basic) 2.12 1.88 +12.8%
EPS (Diluted) 2.12 1.88 +12.8%
Wtd Avg Shares (Basic) 170 170.5 -0.3%
Wtd Avg Shares (Diluted) 170.7 171.3 -0.4%
Other Non-Operating Income (Expense) 1 1 0.0%
Comprehensive Income 289 435 -33.6%
Other Comprehensive Income -73 113 -164.6%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -73 113 -164.6%
Net Income Loss Available To Common Stockholders Basic 361 321 +12.5%
Income Loss From Equity Method Investments 2 3 -33.3%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 531 698 -23.9%
Accounts Receivable 1,784 1,392 +28.2%
Show Collateral breakouts
Collateral Pledged 716 735 -2.6%
Contract With Customer Asset Net Current 468 540 -13.3%
Inventory 2,850 2,378 +19.8%
Other Assets Current 340 247 +37.7%
Total Current Assets 5,973 5,255 +13.7%
Non-Current Assets
Property, Plant & Equipment 1,653 1,462 +13.1%
Goodwill 10,625
Show Business Segments breakouts
Freight Segment 8,561
Transit Segment 2,064
Other Non-Current Assets 706 700 +0.9%
Assets Noncurrent 17,223 13,841 +24.4%
Total Assets 23,196 19,096 +21.5%
Show Business Segments breakouts
Freight Segment · Operating Segments 16,002 13,224 +21.0%
Transit Segment · Operating Segments 5,671 4,145 +36.8%
Show Consolidation Items breakouts
Corporate Non Segment 1,523 1,727 -11.8%
Intangible Assets 3,333
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 1,708
Order Or Production Backlog 727
Technology Based Intangible Assets 898
Other Assets
Intangible Assets Net Excluding Goodwill 4,239 2,892 +46.6%
Current Liabilities
Accounts Payable 1,423 1,324 +7.5%
Deferred Revenue (Current) 1,006 796 +26.4%
Employee Related Liabilities Current 515 419 +22.9%
Product Warranty Accrual Classified Current 269 249 +8.0%
Current Portion of Long-Term Debt 1,830 504 +263.1%
Show Fair Value By Measurement Basis breakouts
Estimate Of Fair Value Fair Value Disclosure 1,826 503 +263.0%
Other Accrued Liabilities Current 792 635 +24.7%
Total Current Liabilities 5,835 3,927 +48.6%
Non-Current Liabilities
Long-Term Debt 4,708 3,503 +34.4%
Show Fair Value By Measurement Basis breakouts
Estimate Of Fair Value Fair Value Disclosure 4,738 3,499 +35.4%
Deferred Tax Liabilities 729 390 +86.9%
Other Non-Current Liabilities 773 802 -3.6%
Total Liabilities 12,045 8,682 +38.7%
Long-Term Debt 6,538 4,007 +63.2%
Show Debt Instrument breakouts
1.25% Senior Notes (EUR), due 2027 · Estimate Of Fair Value Fair Value Disclosure 556 521 +6.7%
1.25% Senior Notes (EUR), due 2027 · Senior Notes 574 537 +6.9%
2025 Credit Agreement: · Revolving Credit Facility 427
2025 Credit Agreement: · Revolving Credit Facility 427
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 746 737 +1.2%
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 1,251 1,253 -0.2%
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 503
4.90% Senior Notes, due 2030 · Senior Notes 496
5.50% Senior Notes, due 2035 · Estimate Of Fair Value Fair Value Disclosure 760
5.50% Senior Notes, due 2035 · Senior Notes 743
5.611% Senior Notes, due 2034 · Estimate Of Fair Value Fair Value Disclosure 512 513 -0.2%
5.611% Senior Notes, due 2034 · Senior Notes 496 496 0.0%
Revolving Receivables Program · Revolving Credit Facility 445
Revolving Receivables Program · Revolving Credit Facility 445
Uncommitted Money Market Line Credit Agreement · Estimate Of Fair Value Fair Value Disclosure 51
Uncommitted Money Market Line Credit Agreement · Line Of Credit 51
Show Fair Value By Measurement Basis breakouts
Estimate Of Fair Value Fair Value Disclosure 6,564 4,002 +64.0%
Estimate Of Fair Value Fair Value Disclosure · Other Debt Securities 88 5 +1660.0%
Show Long-Term Debt Type breakouts
Other Debt Securities 88 4 +2100.0%
Contract With Customer Liability Noncurrent 224 339 -33.9%
Stockholders' Equity
Common Stock 1 1 0.0%
Additional Paid In Capital Common Stock 8,020 8,009 +0.1%
Treasury Stock Common Value -416 -69 -502.9%
Retained Earnings 4,187 3,160 +32.5%
Accumulated Other Comprehensive Income -689 -733 +6.0%
Total Stockholders' Equity 11,103 10,368 +7.1%
Minority Interest 48 46 +4.3%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 11,151 10,414 +7.1%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -48 -46 -4.3%
Accumulated Gain Loss Net Cash Flow Hedge Parent 22 15 +46.7%
Accumulated Other Comprehensive Income -689 -733 +6.0%
Accumulated Translation Adjustment -663 -702 +5.6%
Additional Paid In Capital 8,020 8,009 +0.1%
Common Stock 1 1 0.0%
Noncontrolling Interest 48 46 +4.3%
Retained Earnings 4,187 3,160 +32.5%
Treasury Stock Common -416 -69 -502.9%
Total Liabilities & Equity 23,196 19,096 +21.5%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Depreciation And Amortization 139 120 +15.8%
Show Business Segments breakouts
Freight Segment · Operating Segments 112 97 +15.5%
Transit Segment · Operating Segments 24 20 +20.0%
Show Consolidation Items breakouts
Corporate Non Segment 3 3 0.0%
Stock-Based Compensation 22 17 +29.4%
Amortization Of Intangible Liability -10 -10 0.0%
Change in Accounts Receivable -305 -226 -35.0%
Change in Inventory -28 -29 +3.4%
Change in Accounts Payable 20 13 +53.8%
Increase Decrease In Accrued Income Taxes Payable 62 44 +40.9%
Change in Deferred Revenue -64 31 -306.5%
Increase Decrease In Accrued Liabilities 12 -13 +192.3%
Increase Decrease In Other Operating Capital Net -12 -83 +85.5%
Net Cash from Operations 199 191 +4.2%
Investing Activities
Payments To Acquire Businesses Net Of Cash Acquired -1,062
Capital Expenditures -46 -44 -4.5%
Other Investing Activities 3
Net Cash from Investing -1,105 -44 -2411.4%
Financing Activities
Proceeds From Issuance Of Long Term Debt And Capital Securities Net 1,682 196 +758.2%
Repayments Of Long Term Debt And Capital Securities -670 -192 -249.0%
Share Repurchases -242 -98 -146.9%
Payments Of Dividends Common Stock -53 -43 -23.3%
Tax Withholding for Share Compensation -53 -34 -55.9%
Proceeds From Payments For Other Financing Activities -8 -1 -700.0%
Net Cash from Financing 656 -172 +481.4%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents -8 8 -200.0%
Net Change in Cash -258 -17 -1417.6%

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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