What is Wabtec's deferred revenue?

Wabtec (WAB) reported deferred revenue of $1.01B in Q1 2026.

How has Wabtec's deferred revenue changed year-over-year?

Wabtec's deferred revenue increased by 26.4% year-over-year, from $796M to $1.01B.

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

Over 5 years (2020 to 2025), Wabtec's deferred revenue has grown at a 9.6% compound annual growth rate (CAGR), from $643M to $1.02B.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Wabtec WAB Deferred Revenue

Deferred Revenue at other companies

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$61.1M+88.0%

Foster (Lb) Co.FSTR

$8.67M-14.4%

FreightCar AmericaRAIL

$9.04M+166%

CumminsCMI

$1.59B+37.7%

FIP

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$11.5M+38.6%

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:ContractWithCustomerLiabilityCurrent.

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 deferred revenue?: Wabtec (WAB) reported deferred revenue of $1.01B in Q1 2026.
How has Wabtec's deferred revenue changed year-over-year?: Wabtec's deferred revenue increased by 26.4% year-over-year, from $796M to $1.01B.
What is the long-term trend for Wabtec's deferred revenue?: Over 5 years (2020 to 2025), Wabtec's deferred revenue has grown at a 9.6% compound annual growth rate (CAGR), from $643M to $1.02B.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.