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Wabtec WAB Debt-to-equity

Debt-to-equity at other companies

Caterpillar logo
CaterpillarCAT
1.7×+0.1×
Paccar logo
PaccarPCAR
0.0×
CSX logo
CSXCSX
1.6×+1.6×
Cummins logo
CumminsCMI
0.6×+0.1×
Canadian Pacific Kansas City logo
Canadian Pacific Kansas CityCP
0.5×
Norfolk Southern logo
Norfolk SouthernNSC
0.0×

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+4.6%
Free cash flow$153.0M+4.1%

Valuation

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Market cap$46.13B+37.5%
Enterprise value$52.51B+41.6%
P/E38.1×+7.8×
P/S+0.8×

Profitability

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Gross margin34.5%+1.6pp
Operating margin16%0.0pp
Net margin10.5%0.0pp

Returns & leverage

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Return on equity11.3%+0.7pp
Current ratio-0.3×

Where this comes from

Calculated from Wabtec’s reported figures.

Based on the most recent quarter.

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 debt-to-equity?
Wabtec (WAB) reported debt-to-equity of 0.6× in Q1 2026.
How has Wabtec's debt-to-equity changed year-over-year?
Wabtec's debt-to-equity increased by 49.8% year-over-year, from 0.4× to 0.6×.
What is the long-term trend for Wabtec's debt-to-equity?
Over 4 years (2021 to 2025), Wabtec's debt-to-equity has grown at a 2.7% compound annual growth rate (CAGR), from 1.7× to 1.9×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.