Westinghouse Air Brake Technologies Corp

Westinghouse Air Brake Technologies Corp

WAB

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Market Cap$44.31B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Westinghouse Air Brake Technologies CorpWestinghouse Air Brake Technologies Corp36.70.43%13%3.90.6

Earnings Call Q1 2026

April 22, 2026 - AI Summary

Strong Q1 results; momentum continues (beat on ops; EPS helped by non-operational items) - Sales $2.95B (+13.0% YoY); ex-currency sales +10.4%. - Adjusted EPS $2.71 (+18.9% YoY); GAAP diluted EPS $2.12 (+12.8% YoY). - Total cash flow from operations $199M (cash conversion 40%). - Key “good” surprises: operational results slightly better than expected; non-operational favorability from currency (other income) and tax timing/effective tax rate benefit. - Non-recurring/negative in the quarter: net pretax charges $41M (purchase accounting/transaction costs + restructuring tied to integration/portfolio optimization); GAAP margin impacted by purchase accounting adjustments.
Backlog strength and acquisition contribution support visibility (with some dilution risk to “organic” quality) - 12-month backlog +13% YoY; multiyear backlog $30B+ (+38% YoY). - Management emphasized pipeline conversion plus installed-base/service pull-through. - “Surprising/important detail”: some backlog growth is acquisition-related—Dellner contributes ~3 pts of enterprise 12-month backlog growth; in Transit, Dellner accounts for a larger portion (~12% of Transit 12-month backlog growth). - Opportunity: backlog is expected to support profitable growth across installed base, services, upgrades, and equipment.
Segment performance: Freight resilient; Transit growing on acquisitions + margin expansion - Freight: sales +11.3%; adjusted segment operating margin 26.0% (+0.3 pts); adjusted operating income +12.7%. - Transit: sales +17.8% (+11.0% ex FX); includes partial Dellner contribution (+5.8 pts of sales growth). - Investments/constraints: manufacturing cost pressures and tariff headwinds partially offset improvement; Transit also carried restructuring/acquisition costs (~$6M).

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$305.71

Target Price by Analysts

16.3% upsideWestinghouse Air Brake Technologies Target Price DetailsTarget Price
$273.79

Current Fair Value

4.2% upside

Undervalued by 4.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$44.31 Billion
Enterprise Value$50.70 Billion
Dividend Yield$1.12 (0.43%)
Earnings per Share$6.86
Beta0.97
Outstanding Shares170,000,000

Return

Return on Equity12.87%ROE
Return on Assets6.19%
Return on Invested Capital10.46%

Valuation & Multiples

P/E Ratio36.69P/E Ratio
PEG295.37PEG
Price to Sales3.92Price to Sales
Price to Book Ratio4.04Price to Book Ratio
Enterprise Value to Revenue4.41
Enterprise Value to EBIT27.92
Enterprise Value to Net Income35
Total Debt to Enterprise0.14
Debt to Equity0.62Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 29, 2026
EPS Estimate
$2.51
Average shareholder expectation
Revenue Estimate
$2.96 B
Average shareholder expectation

Next Earnings Call

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

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.7232 13.81%
Total Calls78,800 13.87%
Total Puts56,988 4.38%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %91.78% 0.84%
Total Invested$38.97B 15.59%
Investors Holding1,162 37.00%

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.