WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $11.2B | $10.4B | $9.7B | $8.4B | $7.8B |
| Cost of revenue | $7.4B | $7.0B | $6.7B | $5.8B | $5.5B |
| Gross profit | $3.8B | $3.4B | $2.9B | $2.5B | $2.4B |
| Selling, general & administrative | $1.5B | $1.2B | $1.1B | $1.0B | $1.0B |
| Research and development | $223.0M | $206.0M | $218.0M | $209.0M | $176.0M |
| Operating expenses | $2.0B | $1.8B | $1.7B | $1.5B | $1.5B |
| Operating income | $1.8B | $1.6B | $1.3B | $1.0B | $876.0M |
| Interest expense | $225.0M | $201.0M | $218.0M | $186.0M | — |
| Pretax income | $1.6B | $1.4B | $1.1B | $854.0M | $737.0M |
| Income tax expense | $409.0M | $343.0M | $267.0M | $213.0M | $172.0M |
| Net income | $1.2B | $1.1B | $815.0M | $633.0M | $558.0M |
| Balance Sheet | |||||
| Cash and equivalents | — | — | — | — | $473.0M |
| Current assets | $5.7B | $4.9B | $4.9B | $4.3B | $3.8B |
| Total assets | $22.1B | $18.7B | $19.0B | $18.5B | $18.5B |
| Current liabilities | $5.2B | $3.8B | $4.1B | $3.5B | $2.9B |
| Total liabilities | $10.9B | $8.6B | $8.5B | $8.4B | $8.2B |
| Total debt | $5.6B | $4.0B | $4.1B | $4.0B | $4.1B |
| Stockholders' equity | $11.1B | $10.1B | $10.5B | $10.1B | $10.2B |
| Cash Flow Statement | |||||
| Cash from operations | $1.8B | $1.8B | $1.2B | $1.0B | $1.1B |
| Depreciation and amortization | $195.0M | $196.0M | $204.0M | $182.0M | $198.0M |
| Stock-based compensation | $80.0M | $66.0M | $47.0M | $41.0M | $46.0M |
| Capital expenditure | $260.0M | $207.0M | $186.0M | $149.0M | $130.0M |
| Free cash flow | $1.5B | $1.6B | $1.0B | $889.0M | $943.0M |
| Dividends paid | $173.0M | $140.0M | $123.0M | $111.0M | $92.0M |
| Share repurchases | $223.0M | $1.1B | $409.0M | $473.0M | $300.0M |
Shares outstanding 169.7M · Free float 91.4%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.