What is Wabtec's contract liabilities?

Wabtec (WAB) reported contract liabilities of $342M in Q2 2026.

What does contract liabilities mean?

Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

Wabtec WAB Contract Liabilities

Contract Liabilities at other companies

CaterpillarCAT

$4.68B+70.4%

Foster (Lb) Co.FSTR

$988K-44.9%

Other financials

Income statement

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Revenue$3.2B+17.5%

Gross profit$1.2B+23.8%

Operating income$600.0M+27.1%

Net income$395.0M+17.6%

EPS (diluted)$2.33+18.9%

Balance sheet

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Cash & equivalents$670.0M-55.3%

Total debt$6.9B+35.8%

Total equity$11.2B+3.8%

Total assets$23.1B+13.4%

Cash flow

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Operating cash flow$441.0M+111%

CapEx$62.0M+59.0%

Free cash flow$379.0M+123%

Valuation

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Market cap$51.1B+51.7%

Enterprise value$57.36B+53.8%

P/E40.3×+11.1×

P/S4.3×+1.1×

Profitability

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Gross margin35%+1.7pp

Operating margin16.4%+0.2pp

Net margin10.6%-0.3pp

FCF margin14.3%+0.6pp

Returns & leverage

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Return on equity11.5%+0.7pp

Debt / equity0.6×+0.1×

Current ratio1.1×-0.6×

Where this comes from

Reported directly by Wabtec in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

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

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Questions, answered.

What is Wabtec's contract liabilities?: Wabtec (WAB) reported contract liabilities of $342M in Q2 2026.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.