Westinghouse Air Brake Technologies Corp

Westinghouse Air Brake Technologies Corp

WAB

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Market Cap$51.1B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Westinghouse Air Brake Technologies CorpWestinghouse Air Brake Technologies Corp40.60.37%11%4.30.7

Earnings Call Q2 2026

July 22, 2026 - AI Summary

Strong Q2 and raised 2026 guidance (good + surprising) - Q2 sales: $3.18B, +17.5% YoY (ex-currency +16.6%); adjusted EPS $2.76, +21.6% YoY; GAAP EPS $2.33, +18.9% YoY. - Cash flow from operations: $441M; cash conversion 82%. - Operating leverage: Adjusted operating margin 21.9% (+0.8 pp YoY) and GAAP operating income $600M (+27.1% YoY), despite tariff headwinds and unfavorable mix. - Forecast upgrade: 2026 revenue now ~$12.5B midpoint (+11.5% YoY) and adjusted EPS $10.60–$10.90 (+20% at midpoint), i.e., raised by one percentage point on revenue and +$0.30 on EPS midpoint.
Backlog visibility remains a key pillar of the story (opportunity) - 12-month backlog: +11% YoY (Freight 12-month backlog $6.64B, +10.2%). - Multiyear backlog: > $30B, +42% YoY (Freight multiyear $25.33B, +47.8%). - Management sees this as strongest coverage they’ve had, supporting mid-single-digit revenue growth for the year (and underpinnings for longer-term value creation).
Demand mix: North America rail strength + international momentum, but freight car build still weak (mixed/ongoing challenge) - North America car load traffic +4% in Q2, supporting higher locomotive activity and improving flow-business execution. - International car loads: mixed, but long-term trends remain robust; infrastructure investment is supporting pipelines. - Railcar build outlook for 2026: ~25,000 cars, down 21% vs 2025 (still a headwind for components tied to newbuild volumes). - Transit indicators positive: ridership increasing (e.g., Europe/India) and robust backlogs driven by public investment.

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$322.75

Target Price by Analysts

6.7% upsideWestinghouse Air Brake Technologies Target Price DetailsTarget Price
$259.10

Current Fair Value

14.3% downside

Overvalued by 14.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$51.10 Billion
Enterprise Value$58.24 Billion
Dividend Yield$1.12 (0.37%)
Earnings per Share$6.86
Beta0.94
Outstanding Shares169,500,000

Return

Return on Equity11.29%ROE
Return on Assets5.49%
Return on Invested Capital11.09%

Valuation & Multiples

P/E Ratio40.6P/E Ratio
PEG-137.22PEG
Price to Sales4.32Price to Sales
Price to Book Ratio4.58Price to Book Ratio
Enterprise Value to Revenue4.86
Enterprise Value to EBIT29.61
Enterprise Value to Net Income45
Total Debt to Enterprise0.13
Debt to Equity0.69Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 23, 2026
EPS Estimate
$2.63
Average shareholder expectation
Revenue Estimate
$3.07 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 28, 2026
EPS Estimate
$2.70
Average shareholder expectation
Revenue Estimate
$3.19 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 72.32%
Total Calls- 100.00%
Total Puts- 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %2.17% 89.64%
Total Invested$950.03M 97.56%
Investors Holding300 872.00%

ESG Score

No data

About Westinghouse Air Brake Technologies Corp

CEO: Rafael Santana

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation. Its members would possess direct, non-public insights into upcoming changes in corporate tax structures and capital investment credits, which significantly impact WAB's financial planning.

Finance

This powerful committee controls taxation and trade policy, directly impacting WAB's corporate profitability through tax rates and its supply chain/international sales through tariffs and trade agreements.

Appropriations

This committee directly allocates discretionary federal spending for infrastructure, defense, and other projects. Its funding decisions directly affect order books for contractors and suppliers like WAB.

Armed Services

This committee authorizes the annual NDAA and determines funding for defense contractors. WAB, as a heavy-duty manufacturer, likely supplies components or systems for military vehicles and equipment, making this committee highly relevant for potential contracts and R&D.

Commerce, Science, and Transportation

With vast jurisdiction over interstate commerce, transportation safety (e.g., truck, rail), and manufacturing standards, this committee directly impacts WAB's operational environment and product regulations.

Environment and Public Works

This committee drives federal highway programs and infrastructure spending, directly impacting demand for heavy-duty trucks and related components. It also sets environmental regulations (EPA) that affect WAB's manufacturing processes and product design.