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Wabtec WAB Transit Segment — Research and Development Expense

Other segment segments

Freight Segment
$43M+19.4%

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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 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 transit segment — research and development expense?
Wabtec (WAB) reported transit segment — research and development expense of $13M in Q1 2026.
How has Wabtec's transit segment — research and development expense changed year-over-year?
Wabtec's transit segment — research and development expense increased by 30.0% year-over-year, from $10M to $13M.
What is the long-term trend for Wabtec's transit segment — research and development expense?
Over 3 years (2022 to 2025), Wabtec's transit segment — research and development expense has grown at a 18.3% compound annual growth rate (CAGR), from $32M to $53M.
What does transit segment — research and development expense mean?
The costs incurred by the Transit segment for the development of new technologies, products, and service enhancements. This investment is critical for maintaining long-term competitiveness and innovation in the passenger transit market.