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Wabtec WAB Aftermarket — Total Net Sales

Other product segments

Equipment
$726M+52.5%
Services
$419M-7.5%
Original Equipment Manufacturer
$381M+18.3%
Components
$357M-6.3%
Digital Intelligence
$318M+75.7%

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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$47.93B+40.0%
Enterprise value$54.31B+43.5%
P/E39.6×+8.7×
P/S4.2×+0.9×

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 ratio-0.3×

Where this comes from

Reported directly by Wabtec in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 aftermarket — total net sales?
Wabtec (WAB) reported aftermarket — total net sales of $454M in Q1 2026.
How has Wabtec's aftermarket — total net sales changed year-over-year?
Wabtec's aftermarket — total net sales increased by 17.3% year-over-year, from $387M to $454M.
What is the long-term trend for Wabtec's aftermarket — total net sales?
Over 4 years (2021 to 2025), Wabtec's aftermarket — total net sales has grown at a 5.7% compound annual growth rate (CAGR), from $1.39B to $1.74B.
What does aftermarket — total net sales mean?
This metric represents the total revenue generated from the sale of replacement parts, maintenance services, and modernization upgrades for existing rail and industrial equipment. It reflects the recurring revenue stream derived from the installed base of locomotives and transit vehicles, serving as a key indicator of long-term service demand and customer retention. This segment is critical for assessing the company's ability to monetize its equipment lifecycle beyond the initial point of sale.