Income StatementBalance SheetCash FlowSegments
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Wabtec Business Segments

Business, geographic, and product segment breakdowns

Wabtec generates $11.5B in annual revenue across 2 key segments: Freight Segment ($8.3B), and Transit Segment ($3.3B). The company-wide operating margin is 15.96%. Based on the Q1 2026 filing.

Freight Segment (TTM)$8.3BTransit Segment (TTM)$3.3B
Latest FilingQ1 2026
Report Date2026-04-22
Market Cap$44.9B
P/E Ratio37.13
ROE11.27%

Products & Services

Total Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Equipment$499.0M$476.0M$546.0M$677.0M$666.0M$726.0M
Aftermarket$450.0M$387.0M$434.0M$426.0M$491.0M$454.0M
Services$472.0M$453.0M$480.0M$461.0M$512.0M$419.0M
Original Equipment Manufacturer$339.0M$322.0M$353.0M$367.0M$351.0M$381.0M
Components$282.0M$381.0M$401.0M$375.0M$429.0M$357.0M
Digital Intelligence$207.0M$181.0M$191.0M$297.0M$361.0M$318.0M

Cost of Product and Service Sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Services$281.0M$260.0M$287.0M$267.0M$303.0M$273.0M

Geographic

Long-Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Africa$3.0M———$3.0M—
Australia / New Zealand$16.0M———$18.0M—
Kazakhstan / CIS$34.0M———$37.0M—
Other Asia / Middle East$0.0———$6.0M—
Other Europe$58.0M———$82.0M—
South America$40.0M———$54.0M—

Total Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Africa$48.5M$81.5M$81.5M$81.5M$81.5M—
Australia / New Zealand$120.3M$113.3M$113.3M$113.3M$113.3M—
Kazakhstan / CIS$139.8M$107.8M$107.8M$107.8M$107.8M—
Other Asia / Middle East$64.5M$75.0M$75.0M$75.0M$75.0M—
Other Europe$153.0M$165.8M$165.8M$165.8M$165.8M—
South America$111.3M$128.3M$128.3M$128.3M$128.3M—

Business Segments

Additions/adjustments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Transit Segment—————$475.0M
Freight Segment—————$6.0M

CapEx

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Freight Segment$58.0M$31.0M$25.0M$36.0M$74.0M$27.0M
Transit Segment$25.0M$10.0M$12.0M$14.0M$42.0M$18.0M

Cost of Product and Service Sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Freight Segment$1.2B$1.2B$1.2B$1.3B$1.4B$1.3B
Transit Segment$548.0M$494.0M$546.0M$541.0M$579.0M$562.0M

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Freight Segment$101.0M$97.0M$95.0M$107.0M$114.0M$112.0M
Transit Segment$23.0M$20.0M$18.0M$17.0M$19.0M$24.0M

Foreign currency impact

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Transit Segment-$97.0M$61.0M$122.0M-$3.0M$7.0M-$60.0M
Freight Segment-$49.0M$16.0M$13.0M-$15.0M—-$12.0M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Freight Segment$7.2B$7.3B$7.3B$8.2B$8.6B$8.6B
Transit Segment$1.5B$1.5B$1.6B$1.6B$1.6B$2.1B

Goodwill, Written off Related to Sale of Business Unit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Freight Segment$1.3M$750.0K$750.0K$750.0K$750.0K—
Transit Segment$250.0K$0.0$0.0$0.0$0.0—

Gross margin

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Freight Segment—36.0%36.3%35.8%—37.3%
Transit Segment—30.3%30.7%31.7%—32.7%

Gross Profit

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Freight Segment$556.0M$685.0M$697.0M$750.0M$703.0M$788.0M
Transit Segment$241.0M$215.0M$241.0M$252.0M$263.0M$273.0M

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Freight Segment$273.0M$420.0M$415.0M$414.0M$318.0M$450.0M
Transit Segment$103.0M$90.0M$109.0M$115.0M$108.0M$121.0M

Income (loss) from operations

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Freight Segment$273.0M$420.0M$415.0M$414.0M$318.0M$450.0M
Transit Segment$103.0M$90.0M$109.0M$115.0M$108.0M$121.0M

Intangible assets, amortization expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Freight Segment$66.0M$65.0M$63.0M$72.0M$75.0M$76.0M
Transit Segment$13.0M$8.0M$6.0M$5.0M$6.0M$11.0M

Interest Expense And Other Net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Freight Segment$0.0$0.0$0.0$0.0$0.0$0.0
Transit Segment$0.0$0.0$0.0$0.0$0.0$0.0

Number of reporting units

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Freight Segment0.500.500.500.500.50—

Research and Development Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Freight Segment$41.0M$36.0M$38.0M$45.0M$51.0M$43.0M
Transit Segment$10.0M$10.0M$12.0M$14.0M$17.0M$13.0M

Restructuring Charges

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Freight Segment$19.0M$1.0M$2.0M$1.0M$9.0M$2.0M
Transit Segment$5.0M$6.0M$2.0M$1.0M$3.0M$2.0M

Segment assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Freight Segment$13.2B$13.2B$13.4B$15.5B$16.0B$16.0B
Transit Segment$3.9B$4.1B$4.4B$4.5B$4.3B$5.7B

Selling, General and Administrative Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Freight Segment$176.0M$164.0M$181.0M$219.0M$259.0M$219.0M
Transit Segment$115.0M$107.0M$114.0M$118.0M$132.0M$128.0M

Total Net Sales

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Freight Segment$1.8B$1.9B$1.9B$2.1B$2.1B$2.1B
Transit Segment$745.0M$709.0M$787.0M$793.0M$842.0M$835.0M