Income StatementBalance SheetCash FlowSegments
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Wabtec Cash Flow Statement

Operating, investing, and financing cash movements

Wabtec generated $1.8B in operating cash flow over the trailing twelve months. After $262.0M in capital expenditures, free cash flow was $1.5B. Free cash flow increased 0.0% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$1.8BNet Cash From Investing (TTM)-$3.8BNet Cash From Financing (TTM)$1.9BCapital Expenditures (TTM)$262.0MDepreciation And Amortization Cf (TTM)$520.0MNet Change In Cash (TTM)-$167.0M
Latest FilingQ1 2026
Report Date2026-04-22
Market Cap$44.9B
P/E Ratio37.13
ROE11.27%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$42.0M$0.0$21.0M$1.7B$765.0M$1.1B
Capital expenditures$84.0M$44.0M$39.0M$55.0M$122.0M$46.0M
Payment for (Proceeds from) Other Investing Activity—$0.0———-$3.0M
Divestiture of businesses, net of cash transferred$4.8M$2.0M$2.0M$2.0M$2.0M—
Net cash from investing activities-$237.0M-$44.0M-$54.0M-$1.8B-$860.0M-$1.1B

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable—$13.0M$61.0M$2.0M—$20.0M
Change in accounts receivable—$226.0M$17.0M$125.0M—$305.0M
Change in accrued liabilities$63.0M-$13.0M-$95.0M$84.0M$60.0M$12.0M
Change in deferred revenue$200.0M$31.0M-$17.0M-$13.0M$145.0M-$64.0M
Change in income taxes payable/receivable—$44.0M-$45.0M$68.0M—$62.0M
Change in inventories$2.0M$29.0M$151.0M$48.0M—$28.0M
Other working capital changes—$83.0M-$42.0M$54.0M-$98.0M$12.0M
Deferred income taxes$12.8M$2.8M$2.8M$2.8M$2.8M—
Depreciation and amortization$128.0M$120.0M$117.0M$128.0M$136.0M$139.0M
Net cash from operating activities$723.0M$191.0M$209.0M$367.0M$992.0M$199.0M
Net income$213.0M$327.0M$339.0M$313.0M$204.0M$363.0M
Amortization Of Intangible Liability$10.0M$10.0M$12.0M$14.0M$8.0M$10.0M
Gain on sale of business and assets$0.0-$9.5M-$9.5M-$9.5M-$9.5M—
Stock-based compensation$22.0M$17.0M$19.0M$22.0M$22.0M$22.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dividends paid$34.0M$43.0M$44.0M$43.0M$43.0M$53.0M
Proceeds from new debt$386.0M$196.0M$2.0B$1.7B$851.0M$1.7B
Other, net—-$1.0M-$6.0M$2.0M-$6.0M-$8.0M
Repayment of Long-Term Debt, Long-Term Lease Obligation, and Capital Security$388.0M$192.0M$1.3B$1.2B$602.0M$670.0M
Net cash from financing activities-$162.0M-$172.0M$626.0M$453.0M$124.0M$656.0M
Repurchases of common stock$123.0M$98.0M$50.0M$0.0$75.0M$242.0M
Taxes paid for net share settlement$1.0M$34.0M$5.0M$0.0$1.0M$53.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$639.0M$147.0M$170.0M$312.0M$870.0M$153.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$19.0M$8.0M$20.0M-$2.0M$5.0M-$8.0M
Net increase (decrease) in cash$305.0M-$17.0M$801.0M-$971.0M$261.0M-$258.0M
Settlement of foreign currency derivatives related to acquisition$0.0$5.0M$5.0M$5.0M$5.0M—