What is Wabtec's R&D?

Wabtec (WAB) reported R&D of $56M in Q1 2026.

How has Wabtec's R&D changed year-over-year?

Wabtec's R&D increased by 21.7% year-over-year, from $46M to $56M.

What is the long-term trend for Wabtec's R&D?

Over 4 years (2021 to 2025), Wabtec's R&D has grown at a 6.1% compound annual growth rate (CAGR), from $176M to $223M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Wabtec WAB R&D

R&D at other companies

BeldenBDC

$30.09M+5.9%

Cabot CorporationCBT

$14M-6.7%

Envista Holdings CorporationNVST

$30M+18.6%

VontierVNT

$41.4M+3.0%

Archer AviationACHR

$171.7M+65.6%

Kiniksa Pharmaceuticals International, plcKNSA

$27.48M+42.2%

Segments

By segment

See full

Freight Segment$43M+19.4%

Transit Segment$13M+30.0%

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

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

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Market cap$47.93B+40.0%

Enterprise value$54.31B+43.5%

P/E39.6×+8.7×

P/S4.2×+0.9×

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×

Where this comes from

Reported directly by Wabtec in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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 R&D?: Wabtec (WAB) reported R&D of $56M in Q1 2026.
How has Wabtec's R&D changed year-over-year?: Wabtec's R&D increased by 21.7% year-over-year, from $46M to $56M.
What is the long-term trend for Wabtec's R&D?: Over 4 years (2021 to 2025), Wabtec's R&D has grown at a 6.1% compound annual growth rate (CAGR), from $176M to $223M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.