What is Wabtec's market cap?

Wabtec (WAB) has a market capitalization of $43.9B and trades on NYSE.

What is Wabtec's revenue and profitability?

Wabtec generated $11.5B in trailing twelve-month revenue with net income of $1.2B, representing a net margin of 10.5%. Gross margin stands at 34.5%, with free cash flow of $1.5B. These figures are based on the Q1 2026 filing.

Who are Wabtec's competitors?

Wabtec's key competitors include Progress Rail, Wabash National Corp., Foster (Lb) Co, and others. These companies compete in similar markets and product categories.

Who does Wabtec partner with?

Wabtec's notable partners include Canadian National Railway Company, Norfolk Southern, Union Pacific Railroad.

What subsidiaries does Wabtec have?

Wabtec's subsidiaries include GE Transportation, Faiveley Transport, MotivePower Industries, Inc., and others.

Where is Wabtec headquartered?

Wabtec is headquartered in United States of America and employs approximately 1,100 people. It has been publicly traded since 1995.

Wabtec

WAB

Wabtec is a leading global provider of highly engineered technology-based equipment, systems, and services for the freight rail and passenger transit industries.

Market cap

$43.95B+19.8%

Revenue$11.5B+9.6%

Net income$1.2B+9.4%

Free cash flow$1.5B+2.3%

EPS (diluted)$7.08+10.8%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 22, 2026

Revenue$3.0BMiss by $13.5M EPS$2.71Beat by $0.20

Read the full report

Next report

Jul 22, 2026 (In 1 week)

Revenue estimate$3.1B

EPS estimate$2.63

Financials

Q1 2026

Income statement

See full

Revenue$3.0B+13.0%

Gross profit$1.1B+17.9%

Operating income$517.0M+9.1%

Net income$362.0M+12.4%

EPS (diluted)$2.12+12.8%

Balance sheet

See full

Cash & equivalents$531.0M-23.9%

Total debt$6.9B+60.5%

Total equity$11.1B+7.1%

Total assets$23.2B+21.5%

Cash flow

See full

Operating cash flow$199.0M+4.2%

CapEx$46.0M+4.5%

Free cash flow$153.0M+4.1%

Valuation & ratios

Valuation

See full

Market cap$43.95B+19.8%

Enterprise value$50.33B+24.9%

P/E36.3×+4.5×

P/S3.8×+0.3×

Profitability

See full

Gross margin34.5%+1.6pp

Operating margin16%0.0pp

Net margin10.5%0.0pp

FCF margin13.1%-0.9pp

Returns & leverage

See full

Return on equity11.3%+0.7pp

Debt / equity0.6×+0.2×

Current ratio1×-0.3×

Segments

By product

See full

Equipment$726.0M+52.5%

Aftermarket$454.0M+17.3%

Services$419.0M-7.5%

Original Equipment Manufacturer$381.0M+18.3%

Components$357.0M-6.3%

By segment

See full

Freight Segment$2.1B+11.3%

Transit Segment$835.0M+17.8%

Competitors

By market cap

Caterpillar$436.68B+133%

Wabtec$43.9B+19.8%

Trinity Industries$2.7B+14.6%

The Greenbrier Companies$1.4B-17.5%

Wabash National$499.1M+3.7%

Foster (Lb) Co.$441.7M+72.2%

FreightCar America$267.1M+56.3%

Greenland Technologies Holding Corporation $14.3M-58.2%

By revenue growth

Caterpillar+11.9%

Foster (Lb) Co.+11.7%

Wabtec+9.6%

FreightCar America-5.2%

Wabash National-19.2%

The Greenbrier Companies-25.6%

Trinity Industries-27.7%

By net margin

Caterpillar13.32%-2.4pp

Trinity Industries12.37%+7.6pp

Wabtec10.52%0.0pp

The Greenbrier Companies5.12%-2.4pp

Foster (Lb) Co.1.98%-5.3pp

Wabash National-4.41%-0.5pp

FreightCar America-20.99%—

Profile

Wabtec is a leading global provider of highly engineered technology-based equipment, systems, and services for the freight rail and passenger transit industries. The company specializes in manufacturing locomotives and critical rail components while offering digital solutions and aftermarket services that enhance safety, productivity, and fuel efficiency. Its value proposition is centered on a massive global installed base that drives high-margin recurring revenue through maintenance, modernizations, and digital transformation.

Competitive position

A global leader in rail technology with a massive installed base of nearly 24,600 locomotives, providing a significant competitive moat through high switching costs and regulatory certifications.

GeographiesNorth America, Europe, India, Brazil, South Africa, Australia, Kazakhstan

Customer segmentsFreight Railroads, Public Transit Agencies, Mining and Industrial Enterprises

Business modelManufacturing, Aftermarket Services, Software-as-a-Service, Maintenance Contracts

SuppliersRaw material suppliers (steel, copper), Electronic component manufacturers, Energy providers, Specialized engineering talent

CustomersFreight railroad operators, Municipal transit agencies, Locomotive and transit car OEMs, Mining and marine industrial firms

CountryUnited States of America

Listed1995

Employees1.1K

CEORafael Ottoni Santana

SectorIndustrials

IndustryRailroads

Websitewabteccorp.com

FilingsSEC EDGAR

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Questions, answered.

What is Wabtec's market cap?: Wabtec (WAB) has a market capitalization of $43.9B and trades on NYSE.
What is Wabtec's revenue and profitability?: Wabtec generated $11.5B in trailing twelve-month revenue with net income of $1.2B, representing a net margin of 10.5%. Gross margin stands at 34.5%, with free cash flow of $1.5B. These figures are based on the Q1 2026 filing.
Who are Wabtec's competitors?: Wabtec's key competitors include Progress Rail, Wabash National Corp., Foster (Lb) Co, and others. These companies compete in similar markets and product categories.
Who does Wabtec partner with?: Wabtec's notable partners include Canadian National Railway Company, Norfolk Southern, Union Pacific Railroad.
What subsidiaries does Wabtec have?: Wabtec's subsidiaries include GE Transportation, Faiveley Transport, MotivePower Industries, Inc., and others.
Where is Wabtec headquartered?: Wabtec is headquartered in United States of America and employs approximately 1,100 people. It has been publicly traded since 1995.