Westinghouse Air Brake Technologies (WAB) Stock Overview
Provides locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
WAB Community Fair Values
Create NarrativeSee what 27 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Westinghouse Air Brake Technologies Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$262.52 |
| 52 Week High | US$275.84 |
| 52 Week Low | US$184.26 |
| Beta | 0.94 |
| 1 Month Change | -0.35% |
| 3 Month Change | 7.29% |
| 1 Year Change | 28.58% |
| 3 Year Change | 164.96% |
| 5 Year Change | 223.18% |
| Change since IPO | 3,400.27% |
Recent News & Updates
Narrative Update • May 21
WAB: Ongoing Share Repurchases And Legal Settlement Will Support Future Upside
Analysts have increased their price target on Westinghouse Air Brake Technologies by $1 to $300, reflecting updated assumptions around revenue growth, profit margins, and a slightly adjusted future P/E multiple and discount rate. What's in the News From January 1, 2026 to March 31, 2026, the company repurchased 977,379 shares, representing 0.57% of shares, for US$242.21 million under its ongoing buyback program (Key Developments).Narrative Update • Apr 25
WAB: Expanded Buybacks And Rail Contracts Will Support Future Upside Potential
Analysts have adjusted their price target for Westinghouse Air Brake Technologies to $299.00 from $291.67, citing updated assumptions for discount rate, revenue growth, profit margin, and a future P/E of 28.87x. What's in the News The company increased its remaining equity buyback plan to $1,200 million as of February 6, 2026 (Key Developments).Seeking Alpha • Apr 24
Wabtec Has A Head Of Steam Building For 2026 And 2027
Summary Wabtec (WAB) is benefiting from a robust order backlog, driven by major locomotive deals, and a positive manufacturing PMI trend bodes positively for rail freight volumes. Recent order momentum and a 38% YoY backlog increase support revenue visibility through 2027, reducing near-term earnings risk. I expect margin expansion, with adjusted EBITDA margin approaching 24% in 2026 and free cash flow margin exceeding 17% in five years. While WAB remains leveraged to improving end-markets, current valuation (approx. 17.5x 2026 EBITDA) likely limits rerating and upside is tied to ongoing order growth and margin expansion. Read the full article on Seeking AlphaRecent updates
Narrative Update • May 21
WAB: Ongoing Share Repurchases And Legal Settlement Will Support Future Upside
Analysts have increased their price target on Westinghouse Air Brake Technologies by $1 to $300, reflecting updated assumptions around revenue growth, profit margins, and a slightly adjusted future P/E multiple and discount rate. What's in the News From January 1, 2026 to March 31, 2026, the company repurchased 977,379 shares, representing 0.57% of shares, for US$242.21 million under its ongoing buyback program (Key Developments).Narrative Update • Apr 25
WAB: Expanded Buybacks And Rail Contracts Will Support Future Upside Potential
Analysts have adjusted their price target for Westinghouse Air Brake Technologies to $299.00 from $291.67, citing updated assumptions for discount rate, revenue growth, profit margin, and a future P/E of 28.87x. What's in the News The company increased its remaining equity buyback plan to $1,200 million as of February 6, 2026 (Key Developments).Seeking Alpha • Apr 24
Wabtec Has A Head Of Steam Building For 2026 And 2027
Summary Wabtec (WAB) is benefiting from a robust order backlog, driven by major locomotive deals, and a positive manufacturing PMI trend bodes positively for rail freight volumes. Recent order momentum and a 38% YoY backlog increase support revenue visibility through 2027, reducing near-term earnings risk. I expect margin expansion, with adjusted EBITDA margin approaching 24% in 2026 and free cash flow margin exceeding 17% in five years. While WAB remains leveraged to improving end-markets, current valuation (approx. 17.5x 2026 EBITDA) likely limits rerating and upside is tied to ongoing order growth and margin expansion. Read the full article on Seeking AlphaNarrative Update • Apr 10
WAB: Buybacks And Rail Contracts Will Support Measured Future Returns
Analysts now set their price target for Westinghouse Air Brake Technologies at $291.67, in line with the prior $291.67. This reflects only slight tweaks to assumptions around the discount rate, revenue growth, profit margin, and future P/E rather than any major shift in their view of the stock.Narrative Update • Mar 27
WAB: Expanded Buybacks And New Contracts Will Support Future Returns
Analysts now set their price target for Westinghouse Air Brake Technologies at $291.67, compared with the prior $289.75. This reflects updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E.Narrative Update • Mar 13
WAB: Larger Buybacks And Steady Dividends Will Support Future Returns
Analysts have raised their price target for Westinghouse Air Brake Technologies to $289.75 from $286.83, reflecting updated views on fair value along with revised assumptions for revenue growth, profit margins, the discount rate, and future P/E. What's in the News Progress Rail and Wabtec reached a settlement in the Progress Rail v.Narrative Update • Feb 25
WAB: Major Rail Contracts And Buybacks Will Support Steady Future Returns
Analysts have lifted their price target for Westinghouse Air Brake Technologies by about $37 to reflect updated assumptions around slightly higher forecast revenue growth, a modestly improved profit margin, a lower discount rate, and a higher future P/E multiple. What's in the News Union Pacific signed a US$1.2b agreement with Wabtec to modernize its AC4400 locomotives, described as the largest locomotive modernization investment in rail industry history, with production at Wabtec's U.S. facilities and deliveries starting in 2027 (client announcement).Narrative Update • Feb 11
WAB: Rail Contracts And Stable Outlook Will Support Balanced Future Returns
Analysts have raised their price target on Westinghouse Air Brake Technologies slightly, to about $249.42 from roughly $248.58, reflecting minor model updates to fair value, discount rate, expected revenue growth, profit margin and future P/E assumptions. What's in the News CSX Corporation signed a US$670 million deal with Wabtec to supply 100 new Evolution Series locomotives, 50 modernized locomotives, and related digital solutions aimed at fuel efficiency and reliability improvements.Narrative Update • Jan 27
WAB: MTA Locomotive Order And Steady Outlook Will Support Balanced Returns
Analysts have adjusted their price target on Westinghouse Air Brake Technologies to $248.58 from $240.25, reflecting updated views on fair value, discount rate, revenue growth, profit margin, and future price-to-earnings (P/E) assumptions. What's in the News Wabtec secured a $386 million follow on order from New York's Metropolitan Transportation Authority for additional R255 hybrid battery diesel work locomotives, including both locomotives and spare parts (Key Developments).Narrative Update • Jan 12
WAB: MTA Order And Steady Guidance Will Support Balanced Future Returns
Narrative Update Overview Analysts have nudged their price target for Westinghouse Air Brake Technologies higher to about US$240 from roughly US$234, reflecting refinements to assumptions on discount rate, revenue growth, profit margin, and future P/E rather than a major shift in their overall view. What’s in the News Wabtec secured a US$386 million follow-on order from New York’s Metropolitan Transportation Authority for additional R255 hybrid battery diesel work locomotives, including both locomotives and spare parts, with deliveries scheduled to start in 2027 (Client Announcements).Analysis Article • Jan 02
Shareholders Should Be Pleased With Westinghouse Air Brake Technologies Corporation's (NYSE:WAB) Price
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 18x, you may...Narrative Update • Dec 19
WAB: Kazakhstan Rail Deal And Buybacks Will Support Balanced Future Returns
Analysts have nudged their price target on Westinghouse Air Brake Technologies slightly higher by approximately $0.27 per share, citing marginally stronger expectations for revenue growth, profit margins and forward earnings multiples. What's in the News Reaffirmed full year 2025 revenue guidance in the range of $10.925 billion to $11.225 billion, implying roughly 6.6% growth at the midpoint.Narrative Update • Dec 05
WAB: Kazakhstan Rail Contract And Buybacks Will Support Steady Future Returns
Analysts have slightly raised their price target on Westinghouse Air Brake Technologies by approximately $0.00, reflecting incremental adjustments to the discount rate and long-term valuation assumptions while keeping fair value estimates essentially unchanged. What's in the News Announced completion of a share repurchase program totaling 6,901,485 shares, representing 3.94% of outstanding shares, for $1.15 billion under the February 14, 2024 authorization (Key Developments) Reported that no additional shares were repurchased between July 1, 2025 and September 30, 2025 under the existing buyback tranche (Key Developments) Reaffirmed 2025 revenue guidance of $10.925 billion to $11.225 billion, indicating approximately 6.6% growth at the midpoint (Key Developments) Signed a landmark, multi year $4.2 billion agreement with Kazakhstan Temir Zholy to supply Evolution Series locomotives and provide long term service support, described as the largest locomotive deal in company history (Key Developments) Highlighted that the Kazakhstan contract will expand the company’s regional center of excellence and is expected to enhance KTZ fleet efficiency, reliability, and maintenance intervals in challenging operating conditions (Key Developments) Valuation Changes Fair Value Estimate remained unchanged at approximately $233.82 per share, indicating no material shift in the intrinsic valuation.Narrative Update • Nov 21
WAB: Landmark Kazakhstan Rail Deal Will Drive Stronger Returns Ahead
Analysts have raised their price target for Westinghouse Air Brake Technologies from $231.50 to $233.82, citing improvements in profit margin and revenue growth expectations. What's in the News Wabtec Corporation signed a landmark agreement with Kazakhstan Temir Zholy (KTZ) to supply Evolution Series locomotives and long-term service support, valued at $4.2 billion.Narrative Update • Nov 07
WAB: Major Kazakhstan Deal Will Drive Revenue and Shareholder Returns
Narrative Update on Westinghouse Air Brake Technologies Analysts have modestly raised their fair value estimate for Westinghouse Air Brake Technologies from $228.40 to $231.50, citing slight adjustments in discount rates and updated financial projections. What's in the News Completed repurchase of 6,901,485 shares, representing 3.94% for $1,146.91 million, as part of the buyback program announced on February 14, 2024 (Key Developments).Narrative Update • Oct 23
Landmark Deals And Share Buyback Will Drive Rail Demand Expansion
Analysts have raised their price target for Westinghouse Air Brake Technologies from $226.13 to $228.40, citing incremental improvements in revenue growth expectations and valuation metrics. What's in the News Completion of a major share buyback, with 6,901,485 shares repurchased for $1,146.91 million as part of the buyback program announced in February 2024 (Key Developments).Analysis Article • Sep 16
Investors Interested In Westinghouse Air Brake Technologies Corporation's (NYSE:WAB) Earnings
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 19x, you may...Narrative Update • Sep 11
Rail Modernization And Decarbonization Will Expand Global Demand
With near-unchanged future P/E and consensus revenue growth estimates, the marginal analyst price target reduction for Westinghouse Air Brake Technologies—from $228.62 to $226.12—reflects minimal shifts in underlying valuation assumptions. What's in the News Company to maintain focus on M&A; planning to reduce net debt leverage ratio before funding Frauscher acquisition by year-end, followed by DeLiner acquisition in first half of next year.Analysis Article • Sep 04
Is Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Potentially Undervalued?
Westinghouse Air Brake Technologies Corporation ( NYSE:WAB ) saw significant share price movement during recent months...Analysis Article • Aug 10
If EPS Growth Is Important To You, Westinghouse Air Brake Technologies (NYSE:WAB) Presents An Opportunity
NYSE:WAB 1 Year Share Price vs Fair Value Explore Westinghouse Air Brake Technologies's Fair Values from the Community...Analysis Article • Jul 29
Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Shareholders might have noticed that Westinghouse Air Brake Technologies Corporation ( NYSE:WAB ) filed its quarterly...Analysis Article • Jul 08
Westinghouse Air Brake Technologies (NYSE:WAB) Has A Pretty Healthy Balance Sheet
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Seeking Alpha • Feb 23
Wabtec: Continued Margin Execution
Summary Wabtec's strong operating performance, revenue growth, and M&A activities have provided real support to its share price. The company announced significant acquisitions, including Bloom Engineering and Evident’s Inspection Technologies, enhancing its Digital Intelligence business and offers relatively attractive valuation multiples. Wabtec's 2025 guidance projects modest revenue growth but impressive margin expansion, potentially pushing earnings over $10 per share by 2026/2027. Despite a softer Q4 and demanding forward earnings multiples, the potential for continued margin gains makes a dip to $160-$170 enticing for investment. Read the full article on Seeking AlphaSeeking Alpha • Dec 27
Wabtec: Time To Blow Off Some Steam
Summary Westinghouse Air Brake Technologies Corporation has demonstrated on a strong financial performance with significant revenue growth, margin improvements, and strategic M&A activities. The company has raised its earnings outlook multiple times in 2024, reflecting robust operational execution and substantial order wins in international markets. Despite the positive long-term outlook, WAB stock's valuation has surged to 25 times earnings, prompting caution due to potential overvaluation. I recommend taking profits now, given the substantial gains and valuation re-ratings, while acknowledging Wabtec's solid business fundamentals and future prospects. Read the full article on Seeking AlphaShareholder Returns
| WAB | US Machinery | US Market | |
|---|---|---|---|
| 7D | 0.5% | -3.7% | -0.1% |
| 1Y | 28.6% | 11.7% | 26.3% |
Return vs Industry: WAB underperformed the US Machinery industry which returned 43.9% over the past year.
Return vs Market: WAB exceeded the US Market which returned 26.2% over the past year.
Price Volatility
| WAB volatility | |
|---|---|
| WAB Average Weekly Movement | 4.2% |
| Machinery Industry Average Movement | 6.6% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: WAB has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: WAB's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1869 | 31,000 | Rafael Santana | www.wabteccorp.com |
Westinghouse Air Brake Technologies Corporation provides locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It operates in two segments, Freight and Transit. It offers diesel-electric and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products.
Westinghouse Air Brake Technologies Corporation Fundamentals Summary
| WAB fundamental statistics | |
|---|---|
| Market cap | US$44.59b |
| Earnings (TTM) | US$1.21b |
| Revenue (TTM) | US$11.51b |
36.9x
P/E Ratio3.9x
P/S RatioIs WAB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| WAB income statement (TTM) | |
|---|---|
| Revenue | US$11.51b |
| Cost of Revenue | US$7.45b |
| Gross Profit | US$4.06b |
| Other Expenses | US$2.85b |
| Earnings | US$1.21b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 7.11 |
| Gross Margin | 35.24% |
| Net Profit Margin | 10.49% |
| Debt/Equity Ratio | 58.6% |
How did WAB perform over the long term?
See historical performance and comparisonDividends
0.5%
Current Dividend Yield15%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/04 04:54 |
| End of Day Share Price | 2026/06/04 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Westinghouse Air Brake Technologies Corporation is covered by 27 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gunnar Cohrs | Berenberg |
| Kenneth Hoexter | BofA Global Research |
| Liam Burke | Brean Capital Historical (Janney Montgomery) |