What is Wabtec's acquisitions?

Wabtec (WAB) reported acquisitions of $1.06B in Q1 2026.

What is the long-term trend for Wabtec's acquisitions?

Over 2 years (2021 to 2025), Wabtec's acquisitions has grown at a 140.7% compound annual growth rate (CAGR), from $435M to $2.52B.

What does acquisitions mean?

Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

Wabtec WAB Acquisitions

Acquisitions at other companies

CaterpillarCAT

$788M+39,300%

Wabash NationalWNC

$2.87M+72.4%

FreightCar AmericaRAIL

$1.59M—

FIP

FTAI Infrastructure Inc.FIP

$0+100%

TE ConnectivityTEL

$2.31B—

Penske Automotive GroupPAG

$669.7M—

Other financials

Income statement

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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

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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

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Operating cash flow$199.0M+4.2%

CapEx$46.0M+4.5%

Free cash flow$153.0M+4.1%

Valuation

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Market cap$45.75B+26.0%

Enterprise value$52.13B+30.7%

P/E37.8×+6.3×

P/S4×+0.5×

Profitability

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Gross margin34.5%+1.6pp

Operating margin16%0.0pp

Net margin10.5%0.0pp

FCF margin13.1%-0.9pp

Returns & leverage

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Return on equity11.3%+0.7pp

Debt / equity0.6×+0.2×

Current ratio1×-0.3×

Where this comes from

Reported directly by Wabtec in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The official record: Wabtec’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wabtec's acquisitions?: Wabtec (WAB) reported acquisitions of $1.06B in Q1 2026.
What is the long-term trend for Wabtec's acquisitions?: Over 2 years (2021 to 2025), Wabtec's acquisitions has grown at a 140.7% compound annual growth rate (CAGR), from $435M to $2.52B.
What does acquisitions mean?: Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.