Westinghouse Air Brake Technologies (WAB)
Market Price (6/30/2026): $268.3 | Market Cap: $45.6 BilInvestor Relations Sector: Industrials | Industry: Construction Machinery & Heavy Transportation Equipment
Westinghouse Air Brake Technologies (WAB)
Market Price (6/30/2026): $268.3Market Cap: $45.6 BilSector: IndustrialsIndustry: Construction Machinery & Heavy Transportation Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% Stock buyback supportStock Buyback 3Y Total is 1.8 Bil Low stock price volatilityVol 12M is 25% Megatrend and thematic driversMegatrends include Future of Freight, Automation & Robotics, and Electrification of Everything. Themes include Freight Technology, Show more. | Key risksWAB key risks include [1] supply chain and trade policy disruptions impacting costs and deliveries, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Stock buyback supportStock Buyback 3Y Total is 1.8 Bil |
| Low stock price volatilityVol 12M is 25% |
| Megatrend and thematic driversMegatrends include Future of Freight, Automation & Robotics, and Electrification of Everything. Themes include Freight Technology, Show more. |
| Key risksWAB key risks include [1] supply chain and trade policy disruptions impacting costs and deliveries, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Westinghouse Air Brake Technologies (WAB) stock has remained largely at the same level since 2/28/2026 because of the following key factors:
1. Strong Fiscal Q1 2026 Financial Performance and Raised Full-Year Guidance. Westinghouse Air Brake Technologies (WAB) reported adjusted earnings per diluted share of $2.71 for fiscal Q1 2026 (ended March 31, 2026), exceeding analyst estimates of $2.54 by $0.17. First quarter sales increased 13.0% year-over-year to $2.95 billion. Following these results, the company raised its full-year 2026 adjusted EPS guidance range to $10.25 - $10.65, indicating increased confidence in future profitability.
2. Significant New Orders and Record Backlog Expansion. During the period, Wabtec secured substantial new business, including a $1.2 billion agreement with Union Pacific in February 2026 to modernize its AC4400 locomotives, marking the largest locomotive modernization investment in rail industry history. Additionally, CSX announced a $670 million deal in February 2026 with Wabtec for 100 new Evolution Series locomotives, modernization of 50 existing locomotives, and digital solutions. These major contract wins contributed to Wabtec's total backlog expanding to a record $30.8 billion.
Show more
Westinghouse Air Brake Technologies (WAB) stock has remained largely at the same level since 2/28/2026 because of the following key factors:
1. Strong Fiscal Q1 2026 Financial Performance and Raised Full-Year Guidance. Westinghouse Air Brake Technologies (WAB) reported adjusted earnings per diluted share of $2.71 for fiscal Q1 2026 (ended March 31, 2026), exceeding analyst estimates of $2.54 by $0.17. First quarter sales increased 13.0% year-over-year to $2.95 billion. Following these results, the company raised its full-year 2026 adjusted EPS guidance range to $10.25 - $10.65, indicating increased confidence in future profitability.
2. Significant New Orders and Record Backlog Expansion. During the period, Wabtec secured substantial new business, including a $1.2 billion agreement with Union Pacific in February 2026 to modernize its AC4400 locomotives, marking the largest locomotive modernization investment in rail industry history. Additionally, CSX announced a $670 million deal in February 2026 with Wabtec for 100 new Evolution Series locomotives, modernization of 50 existing locomotives, and digital solutions. These major contract wins contributed to Wabtec's total backlog expanding to a record $30.8 billion.
3. Favorable Rail Industry Trends. The broader rail sector demonstrated robust performance, particularly in domestic intermodal volumes, which increased approximately 13% year-over-year through spring 2026. This was driven by a tightening trucking market that created a widening cost advantage for intermodal shippers. Overall freight growth became more broad-based, with total carloads in the first five months of 2026 reaching their highest level since 2019, alongside signs of recovering manufacturing activity and increased infrastructure spending, providing tailwinds for Wabtec's business.
4. Positive Analyst Sentiment and Price Target Increases. Wall Street analysts maintained a "Moderate Buy" consensus rating for WAB throughout the period, with 10 out of 12 brokerages issuing "Buy" ratings. Several firms revised their price targets upward, such as Stephens boosting its price objective from $230.00 to $290.00 in February, and Wells Fargo & Company increasing its target from $270.00 to $284.00 in April. The average 1-year price target from analysts was approximately $289.82.
Show less
Stock Movement Drivers
Fundamental Drivers
The 1.8% change in WAB stock from 2/28/2026 to 6/29/2026 was primarily driven by a 3.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282026 | 6292026 | Change |
|---|---|---|---|
| Stock Price ($) | 263.63 | 268.30 | 1.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,167 | 11,507 | 3.0% |
| Net Income Margin (%) | 10.5% | 10.5% | 0.4% |
| P/E Multiple | 38.4 | 37.7 | -1.9% |
| Shares Outstanding (Mil) | 170 | 170 | 0.3% |
| Cumulative Contribution | 1.8% |
Market Drivers
2/28/2026 to 6/29/2026| Return | Correlation | |
|---|---|---|
| WAB | 1.8% | |
| Market (SPY) | 8.3% | 60.0% |
| Sector (XLI) | 3.5% | 88.2% |
Fundamental Drivers
The 29.0% change in WAB stock from 11/30/2025 to 6/29/2026 was primarily driven by a 25.4% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6292026 | Change |
|---|---|---|---|
| Stock Price ($) | 208.04 | 268.30 | 29.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,785 | 11,507 | 6.7% |
| Net Income Margin (%) | 10.9% | 10.5% | -3.9% |
| P/E Multiple | 30.1 | 37.7 | 25.4% |
| Shares Outstanding (Mil) | 170 | 170 | 0.3% |
| Cumulative Contribution | 29.0% |
Market Drivers
11/30/2025 to 6/29/2026| Return | Correlation | |
|---|---|---|
| WAB | 29.0% | |
| Market (SPY) | 9.0% | 55.9% |
| Sector (XLI) | 19.7% | 85.4% |
Fundamental Drivers
The 33.3% change in WAB stock from 5/31/2025 to 6/29/2026 was primarily driven by a 21.5% change in the company's P/E Multiple.| (LTM values as of) | 5312025 | 6292026 | Change |
|---|---|---|---|
| Stock Price ($) | 201.33 | 268.30 | 33.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,500 | 11,507 | 9.6% |
| Net Income Margin (%) | 10.5% | 10.5% | -0.2% |
| P/E Multiple | 31.0 | 37.7 | 21.5% |
| Shares Outstanding (Mil) | 170 | 170 | 0.3% |
| Cumulative Contribution | 33.3% |
Market Drivers
5/31/2025 to 6/29/2026| Return | Correlation | |
|---|---|---|
| WAB | 33.3% | |
| Market (SPY) | 27.2% | 55.0% |
| Sector (XLI) | 29.7% | 78.8% |
Fundamental Drivers
The 194.1% change in WAB stock from 5/31/2023 to 6/29/2026 was primarily driven by a 50.0% change in the company's P/E Multiple.| (LTM values as of) | 5312023 | 6292026 | Change |
|---|---|---|---|
| Stock Price ($) | 91.21 | 268.30 | 194.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,629 | 11,507 | 33.4% |
| Net Income Margin (%) | 7.6% | 10.5% | 39.0% |
| P/E Multiple | 25.1 | 37.7 | 50.0% |
| Shares Outstanding (Mil) | 180 | 170 | 5.8% |
| Cumulative Contribution | 194.1% |
Market Drivers
5/31/2023 to 6/29/2026| Return | Correlation | |
|---|---|---|
| WAB | 194.1% | |
| Market (SPY) | 84.3% | 63.8% |
| Sector (XLI) | 97.3% | 75.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| WAB Return | 27% | 9% | 28% | 50% | 13% | 27% | 280% |
| Peers Return | 29% | -5% | 10% | 84% | 10% | 29% | 254% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 96% |
Monthly Win Rates [3] | |||||||
| WAB Win Rate | 67% | 50% | 50% | 83% | 75% | 67% | |
| Peers Win Rate | 50% | 42% | 44% | 60% | 48% | 62% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| WAB Max Drawdown | -14% | -19% | -17% | -12% | -24% | -11% | |
| Peers Max Drawdown | -31% | -44% | -31% | -24% | -46% | -25% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CAT, GBX, TRN, RAIL. See WAB Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/29/2026 (YTD)
How Low Can It Go
| Event | WAB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -17.0% | -18.8% |
| % Gain to Breakeven | 20.5% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -12.9% | -9.5% |
| % Gain to Breakeven | 14.9% | 10.5% |
| Time to Breakeven | 22 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -10.6% | -6.7% |
| % Gain to Breakeven | 11.9% | 7.1% |
| Time to Breakeven | 16 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -12.4% | -24.5% |
| % Gain to Breakeven | 14.2% | 32.4% |
| Time to Breakeven | 14 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -48.2% | -33.7% |
| % Gain to Breakeven | 93.0% | 50.9% |
| Time to Breakeven | 292 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -36.8% | -19.2% |
| % Gain to Breakeven | 58.1% | 23.8% |
| Time to Breakeven | 1438 days | 105 days |
In The Past
Westinghouse Air Brake Technologies's stock fell -17.0% during the 2025 US Tariff Shock. Such a loss loss requires a 20.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | WAB | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -48.2% | -33.7% |
| % Gain to Breakeven | 93.0% | 50.9% |
| Time to Breakeven | 292 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -36.8% | -19.2% |
| % Gain to Breakeven | 58.1% | 23.8% |
| Time to Breakeven | 1438 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -40.5% | -12.2% |
| % Gain to Breakeven | 68.1% | 13.9% |
| Time to Breakeven | 848 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -27.1% | -6.8% |
| % Gain to Breakeven | 37.1% | 7.3% |
| Time to Breakeven | 77 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -24.9% | -17.9% |
| % Gain to Breakeven | 33.1% | 21.8% |
| Time to Breakeven | 22 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -23.2% | -15.4% |
| % Gain to Breakeven | 30.3% | 18.2% |
| Time to Breakeven | 150 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -34.0% | -53.4% |
| % Gain to Breakeven | 51.6% | 114.4% |
| Time to Breakeven | 45 days | 1085 days |
In The Past
Westinghouse Air Brake Technologies's stock fell -17.0% during the 2025 US Tariff Shock. Such a loss loss requires a 20.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Westinghouse Air Brake Technologies (WAB)
Westinghouse Air Brake Technologies Corporation (WAB) is a global provider of technology-based equipment, systems, and services primarily for the freight rail and passenger transit industries. The company's core business revolves around supplying critical components, systems, and maintenance services that keep trains, locomotives, and various transit vehicles operational and efficient worldwide, playing a vital role in both cargo and passenger transportation.
WAB's Freight segment serves the robust freight rail industry by manufacturing and servicing essential components for both new and existing freight cars and locomotives. Key offerings include building new commuter locomotives, rebuilding freight locomotives, and providing advanced railway electronics, positive train control (PTC) equipment, and signal engineering services. This segment also supplies related heat exchange and cooling systems. Its primary customers are publicly traded railroads, locomotive and freight car manufacturers, leasing companies, and utilities.
Complementing its freight operations, WAB's Transit segment focuses on the passenger transportation market. It produces and services components for a wide range of passenger transit vehicles, including regional and high-speed trains, subway cars, light-rail vehicles, and buses. This segment also undertakes subway car refurbishment and supplies critical systems like heating, ventilation, and air conditioning (HVAC) equipment, as well as doors for buses and subways. Customers for the Transit segment include public transit authorities, municipalities, leasing companies, and manufacturers of subway cars and buses.
AI Analysis | Feedback
Here are 1-2 brief analogies to describe Westinghouse Air Brake Technologies (WAB):
WAB is like the **Bosch of the global rail and public transit industry**, supplying a wide range of essential technology-based components, systems, and services for trains, subways, and buses.
WAB is akin to the **Rolls-Royce of rail and transit components and maintenance services**, known for providing critical, high-quality engineered parts and comprehensive lifecycle support for locomotives, freight cars, and passenger vehicles.
AI Analysis | Feedback
- Freight Rail Components: Manufactures and services a wide range of components for freight cars and locomotives.
- Passenger Transit Vehicle Components: Manufactures and services parts for various passenger transit vehicles, including regional trains, subways, light-rail vehicles, and buses.
- Locomotives: Builds new commuter and switcher locomotives.
- Railway Electronics & Positive Train Control (PTC) Equipment: Supplies electronic systems for railway operations, including advanced positive train control technology.
- Railway Braking Equipment: Provides comprehensive braking systems for rail vehicles, including electronically controlled pneumatic (ECP) products and related friction materials.
- Heat Exchange & Cooling Systems: Offers systems for thermal management and cooling across rail applications.
- Freight Car Trucks, Draft Gears, & Couplers: Manufactures undercarriage assemblies, connection mechanisms, and shock absorption components for freight cars.
- Transit Doors & Platform Screen Doors: Supplies doors for buses, subways, and safety barriers for station platforms.
- Pantographs & Traction Motors: Provides devices for electric current collection and propulsion motors for electric trains.
- Air Compressors & Dryers: Manufactures equipment for pneumatic systems used in rail applications.
- Track & Switch Products: Offers components used in railway tracks and switching mechanisms.
- Accessibility Lifts & Ramps: Supplies equipment designed to enhance passenger accessibility on buses and subway cars.
- Locomotive Rebuilding & Modernization Services: Provides overhaul, modernization, and refurbishment services for freight and transit locomotives.
- Transit Car Refurbishment & Overhaul Services: Offers services for comprehensive maintenance, upgrades, and refurbishment of passenger transit vehicles.
- Signal Design & Engineering Services: Delivers specialized design and engineering expertise for railway signaling systems.
AI Analysis | Feedback
- Publicly traded railroads
- Leasing companies (for both freight and passenger transit industries)
- Manufacturers of original equipment, including locomotives, freight cars, subway cars, and buses
- Public transit authorities and municipalities
- Utilities
AI Analysis | Feedback
AI Analysis | Feedback
Rafael Santana, President and Chief Executive Officer
Rafael Santana was appointed President and CEO of Wabtec in July 2019. He has nearly three decades of global executive leadership experience in the transportation, energy, oil & gas, and mining sectors. Prior to joining Wabtec, Santana served as President and CEO of GE Transportation, a unit of General Electric Company. He also held positions as president & CEO of GE in Latin America and President & CEO of GE's Turbomachinery Solutions Business within the Oil and Gas sector. Before joining GE in 2000, he worked for six years at ExxonMobil and British American Tobacco. The acquisition of GE Transportation by Wabtec in 2019, where Santana was President and CEO, positioned him as a key leader in the combined entity.
John Olin, Executive Vice President and Chief Financial Officer
John Olin was named Executive Vice President and Chief Financial Officer of Wabtec, effective October 1, 2021. Before joining Wabtec, he spent 11 years as Senior Vice President and Chief Financial Officer of Harley-Davidson, where he played a crucial role in driving strategic change and reshaping the company. His prior experience includes serving as Head of Finance for Kraft Foods' Cheese Division and 12 years in financial leadership roles at Kraft, Oscar Mayer Foods, and Miller Brewing Company. He also held positions with financial services and specialized consulting firms, including Ernst and Whinney (now Ernst and Young). Olin currently serves on the Board of Herc Holdings and the Advisory Board of the New York Stock Exchange, and previously served on the Board of Directors for AutoTrader Group and Exide Technologies.
Nicole Theophilus, Executive Vice President and Chief Administrative Officer
Nicole Theophilus joined Wabtec in August 2020 as the Executive Vice President & Chief Human Resources Officer and assumed the role of Executive Vice President & Chief Administrative Officer in July 2024. She possesses over 25 years of senior leadership experience in both Human Resources and Legal functions. Her previous leadership roles include serving as Chief Human Resources Officer at West Corporation and ConAgra Brands, where she was also Chief Labor & Counsel. Theophilus began her career as a lawyer specializing in labor and employment law, eventually becoming a partner at Hush Blackwell.
Eric Gebhardt, Executive Vice President and Chief Technology Officer
Eric Gebhardt was appointed Executive Vice President and Chief Technology Officer of Wabtec, effective September 14, 2020. He is a respected technologist with more than 30 years of experience in developing innovative technology solutions. Prior to his role at Wabtec, Gebhardt served as Managing Director at KCK-US, an investment firm focused on the energy, life science, and industrial sectors. He also spent nearly 30 years with General Electric in various global engineering and leadership positions, including Chief Technology Officer of GE Power, Chief Product Management Officer for Energy Connections, and Chief Technology Officer for GE Oil & Gas.
David DeNinno, Executive Vice President, General Counsel and Secretary
David DeNinno joined Wabtec in February 2012 and currently serves as Executive Vice President, General Counsel and Secretary. He has over 30 years of experience as a strategic advisor, business counselor, and lawyer. Prior to Wabtec, he was a partner at the global law firms K&L Gates LLP and Reed Smith LLP. His areas of expertise include mergers and acquisitions, securities, corporate governance, corporate finance, and strategic counseling. DeNinno has also served on the Board of Directors of Michael Baker Corporation, a NYSE-listed engineering company.
AI Analysis | Feedback
The key risks to Westinghouse Air Brake Technologies (WAB) are primarily tied to the cyclical nature of its end markets, vulnerabilities within its supply chain, and intense industry competition.
- Cyclicality and Economic Conditions: Wabtec's financial performance is heavily influenced by the broader economic climate, global trade volumes, and commodity prices, which directly impact new locomotive orders and freight carloadings. The level of government spending on public transportation also plays a significant role in its Transit segment. A slowdown in North American railcar builds, specifically, has been identified as a near-term challenge. This inherent cyclicality can lead to fluctuations in demand and revenue.
- Supply Chain Vulnerability: The company faces risks from disruptions in its global supply chain, including potential delays due to shortages of specialized components. Such disruptions can hinder the timely delivery of high-value products like locomotives, impacting quarterly revenue recognition and overall operational efficiency.
- Intense Competition: Wabtec operates in a highly competitive environment. In the North American freight market, its primary rival is Progress Rail, a subsidiary of Caterpillar Inc., while the global Transit segment sees competition from major players such as Alstom and Siemens Mobility. This strong competition can exert pressure on pricing and potentially erode profit margins.
AI Analysis | Feedback
AI Analysis | Feedback
Westinghouse Air Brake Technologies (WAB) operates in several key segments within the freight rail and passenger transit industries, addressing substantial global and regional markets for its products and services.
For the **Locomotive Market**, which includes the manufacturing and rebuilding of freight and commuter locomotives, the global market size was estimated at USD 23.9 billion in 2024 and is projected to reach USD 40.70 billion by 2030. North America held a substantial market share of 34.0% in the global locomotive market in 2024. The U.S. locomotive market alone generated an estimated revenue of USD 6,041.6 million in 2024 and is expected to reach USD 9,357.4 million by 2030.
In the **Rail Freight Transport Market**, which WAB serves with components and services for freight cars and locomotives, the global market is projected to reach USD 316.0 billion in 2026 and is expected to grow to USD 498.5 billion by 2035. The U.S. Rail Freight Transport Market is projected to reach USD 97.0 billion in 2026 and is expected to grow to USD 149.0 billion by 2035. Separately, the U.S. freight rail industry generated nearly $80 billion in revenue.
The **Railway Braking System Market**, where WAB provides electronically controlled pneumatic braking products and other braking equipment, was valued at USD 9.97 billion globally in 2025 and is projected to reach USD 15.14 billion by 2034. Another source estimates the global railway braking system market at USD 2.9 billion in 2025, reaching USD 5.8 billion by 2035. The U.S. market for railway braking systems is projected at USD 0.94 billion in 2026.
For **Railway Signaling Systems**, including positive train control (PTC) equipment and signal design services, the global market was valued at USD 15.04 billion in 2023 and is projected to reach USD 22.18 billion by 2030. North America held a significant market share of 39.10% in the global railway signaling system market in 2025. The U.S. railway signaling system market is projected to reach an estimated value of USD 1780.7 million by 2027.
Specifically for **Positive Train Control (PTC) Systems**, the global market size was valued at USD 1,524.42 million in 2024 and is projected to reach USD 2,967.90 million by 2032. North America commands the largest market share in the global Positive Train Control Market.
In the **Subway Car Market**, which WAB addresses with components and refurbishment services, the global market was valued at $50 billion in 2025 and is projected to reach $85 billion by 2033. Another estimate places the global subway vehicle market at $12.8 billion in 2025, forecasted to reach $19.5 billion by 2033.
The **Bus Manufacturing Market**, where WAB provides doors and accessibility equipment, was valued at USD 37,877.64 million globally in 2024, with a projected growth to USD 44,474.69 million by 2033. Another source states the global bus market size was estimated at USD 94.62 billion in 2025 and is projected to reach USD 144.42 billion by 2033. The global buses and coaches market was valued at USD 72.11 billion in 2022 and is anticipated to grow to USD 151.62 billion by 2030.
The broader **Railway Component Market**, encompassing many of WAB's diverse product offerings, is projected to grow from USD 89.69 billion in 2024 to USD 117.18 billion by 2034 globally. North America dominates this market. Another projection indicates the global rail components market is expected to grow from USD 82.01 billion in 2025 to USD 100.94 billion by 2031. North America holds about 18% of the global rail components market. The global rail components market size was valued at approximately USD 45 billion in 2023 and is projected to reach around USD 72 billion by 2032.
AI Analysis | Feedback
Westinghouse Air Brake Technologies Corporation (WAB) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and strong market positioning:
- Robust Backlog and Order Conversion: WAB boasts a significant and growing backlog, including a 12-month backlog of $8.2 billion, up 7% year-over-year, and a multi-year backlog exceeding $27 billion, which increased by 23% year-over-year. This substantial backlog provides strong revenue visibility and momentum into 2026 and beyond, with the company focused on converting these orders into sales.
- Strategic Acquisitions and Digital Intelligence Expansion: Inorganic growth through strategic acquisitions, particularly in the digital intelligence sector, is a key driver. Digital Intelligence sales surged by 74.4% year-over-year in Q4 2025, largely propelled by acquisitions such as Inspection Technologies and Frauscher Sensor Technology. The recent acquisition of Dellner Couplers in February 2026 is also anticipated to contribute to top-line growth in the coming years.
- Modernization Programs and Aftermarket Services: The company is focused on modernization programs, such as the new EVO initiative, which are expected to be catalysts for future growth, particularly for North American customers. Despite some short-term timing impacts on services sales, the core services business demonstrated full-year revenue growth, highlighting its underlying strength.
- International Market Expansion: A strategic emphasis on expanding into international markets is a critical component of WAB's organic revenue growth strategy. The multi-year backlog includes strong contributions from international infrastructure projects, indicating significant opportunities outside North America.
- Growth in the Transit Segment: The Transit segment continues to be a strong performer, demonstrating exceptional sales growth of 8.7% in Q2 2025 and 6.7% year-over-year in Q4 2025, driven by both products and services. Analysts also foresee substantial revenue growth within the Medium and High-Speed Divisions of this segment.
AI Analysis | Feedback
Share Repurchases
- Westinghouse Air Brake Technologies' Board of Directors authorized a new stock repurchase program worth $1.20 billion in February 2026.
- In December 2024, the company announced an additional $1.0 billion authorization for its existing stock repurchase program.
- Wabtec repurchased shares worth $473 million in 2022, $409 million in 2023, and $1.09 billion in 2024. During the first nine months of 2025, the company repurchased $148 million in shares.
Share Issuance
- The number of shares outstanding for Westinghouse Air Brake Technologies has generally declined over the past few years, indicating net repurchases rather than issuances. Shares outstanding were approximately 181.2 million in 2022, 177.8 million in 2023, and 171.3 million in 2024.
- As of September 30, 2025, shares outstanding were 170.9 million.
Outbound Investments
- In January 2025, Wabtec acquired the Inspection Technologies division of Olympus Corp. for approximately $1.78 billion, aiming to enhance revenue, EBITDA margins, and its Digital Electronics segment.
- Wabtec announced a strategic investment in its Transit Business in November 2024 with the acquisitions of Fanox and Kompozitum for a combined cash transaction of $110 million. These acquisitions are intended to expand capabilities, product portfolio, and customer base.
- In July 2025, Wabtec agreed to acquire Frauscher Sensor Technology Group for an enterprise value of €675 million in cash, which is expected to strengthen its Digital Intelligence portfolio in the railway signaling market.
Capital Expenditures
- Capital expenditures were anticipated to be around $120 million in 2021.
- For the three months ended December 2025, Capital Expenditure was -$122.00 million.
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 48.87 |
| Mkt Cap | 2.8 |
| Rev LTM | 2,896 |
| Op Inc LTM | 344 |
| FCF LTM | 230 |
| FCF 3Y Avg | 23 |
| CFO LTM | 472 |
| CFO 3Y Avg | 409 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -5.2% |
| Rev Chg 3Y Avg | 5.0% |
| Rev Chg Q | -16.0% |
| QoQ Delta Rev Chg LTM | -4.3% |
| Op Inc Chg LTM | -13.6% |
| Op Inc Chg 3Y Avg | 24.1% |
| Op Mgn LTM | 16.0% |
| Op Mgn 3Y Avg | 14.4% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 16.3% |
| CFO/Rev 3Y Avg | 15.7% |
| FCF/Rev LTM | 8.0% |
| FCF/Rev 3Y Avg | 4.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.8 |
| P/S | 1.3 |
| P/Op Inc | 10.6 |
| P/EBIT | 5.8 |
| P/E | 10.9 |
| P/CFO | 17.7 |
| Total Yield | 9.4% |
| Dividend Yield | 0.6% |
| FCF Yield 3Y Avg | 4.4% |
| D/E | 0.5 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 7.5% |
| 3M Rtn | 13.2% |
| 6M Rtn | 23.8% |
| 12M Rtn | 29.8% |
| 3Y Rtn | 148.4% |
| 1M Excs Rtn | 10.1% |
| 3M Excs Rtn | -4.0% |
| 6M Excs Rtn | 15.1% |
| 12M Excs Rtn | 9.5% |
| 3Y Excs Rtn | 95.1% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Freight Segment | 8,036 | 7,468 | 6,981 | 6,063 | 5,287 |
| Transit Segment | 3,131 | 2,919 | 2,796 | 2,381 | 2,616 |
| Corporate Activities and Elimination | 0 | 0 | -100 | -82 | -81 |
| Intersegment sales/(elimination) | 0 | ||||
| Total | 11,167 | 10,387 | 9,677 | 8,362 | 7,822 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Freight Segment | 1,567 | 1,422 | 1,065 | 864 | 717 |
| Transit Segment | 422 | 338 | 295 | 231 | 238 |
| Corporate Activities and Elimination | -196 | -151 | -94 | -84 | -79 |
| Total | 1,793 | 1,609 | 1,266 | 1,011 | 876 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Freight Segment | 16,049 | 13,176 | 13,417 | 21,118 | 18,291 |
| Transit Segment | 4,344 | 3,861 | 3,944 | 5,116 | 5,768 |
| Corporate Activities and Elimination | 1,676 | 1,665 | 1,627 | -7,718 | -5,605 |
| Total | 22,069 | 18,702 | 18,988 | 18,516 | 18,454 |
Price Behavior
| Market Price | $268.30 | |
| Market Cap ($ Bil) | 45.6 | |
| First Trading Date | 06/16/1995 | |
| Distance from 52W High | -5.0% | |
| 50 Days | 200 Days | |
| DMA Price | $264.75 | $233.14 |
| DMA Trend | up | up |
| Distance from DMA | 1.3% | 15.1% |
| 3M | 1YR | |
| Volatility | 32.0% | 24.9% |
| Downside Capture | 124.57 | 97.44 |
| Upside Capture | 99.87 | 105.86 |
| Correlation (SPY) | 59.6% | 55.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.76 | 1.70 | 1.39 | 1.17 | 1.12 | 1.03 |
| Up Beta | 2.69 | 2.26 | 2.19 | 1.80 | 1.66 | 1.10 |
| Down Beta | 1.42 | 1.53 | 0.78 | 0.86 | 0.87 | 1.03 |
| Up Capture | 62% | 77% | 93% | 122% | 101% | 128% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 10 | 22 | 28 | 66 | 129 | 409 |
| Down Capture | 285% | 231% | 148% | 88% | 101% | 97% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 10 | 19 | 35 | 58 | 121 | 341 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WAB | |
|---|---|---|---|---|
| WAB | 30.8% | 24.8% | 1.03 | - |
| Sector ETF (XLI) | 27.2% | 16.5% | 1.28 | 78.5% |
| Equity (SPY) | 22.2% | 12.5% | 1.32 | 54.2% |
| Gold (GLD) | 20.2% | 27.8% | 0.65 | 23.9% |
| Commodities (DBC) | 21.3% | 18.6% | 0.90 | -14.5% |
| Real Estate (VNQ) | 15.6% | 13.6% | 0.82 | 36.2% |
| Bitcoin (BTCUSD) | -44.0% | 42.6% | -1.25 | 17.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WAB | |
|---|---|---|---|---|
| WAB | 28.3% | 26.0% | 0.95 | - |
| Sector ETF (XLI) | 14.2% | 17.6% | 0.64 | 78.2% |
| Equity (SPY) | 13.5% | 17.1% | 0.61 | 67.5% |
| Gold (GLD) | 17.2% | 18.3% | 0.76 | 12.6% |
| Commodities (DBC) | 7.1% | 19.5% | 0.26 | 19.5% |
| Real Estate (VNQ) | 2.9% | 18.8% | 0.05 | 51.3% |
| Bitcoin (BTCUSD) | 13.6% | 53.8% | 0.44 | 24.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WAB | |
|---|---|---|---|---|
| WAB | 14.6% | 31.4% | 0.50 | - |
| Sector ETF (XLI) | 14.5% | 20.1% | 0.64 | 72.7% |
| Equity (SPY) | 15.4% | 18.0% | 0.73 | 61.6% |
| Gold (GLD) | 11.5% | 16.1% | 0.58 | 4.2% |
| Commodities (DBC) | 5.7% | 18.0% | 0.24 | 26.3% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 50.1% |
| Bitcoin (BTCUSD) | 55.0% | 66.4% | 0.95 | 13.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/22/2026 | 1.5% | 2.2% | 0.6% |
| 2/11/2026 | 3.2% | 5.4% | -2.4% |
| 10/22/2025 | -2.3% | -0.0% | 0.1% |
| 7/24/2025 | -6.4% | -11.1% | -10.6% |
| 4/23/2025 | 5.9% | 7.3% | 16.9% |
| 2/12/2025 | -9.1% | -7.1% | -15.2% |
| 10/23/2024 | -1.2% | 0.2% | 2.6% |
| 7/24/2024 | -6.4% | -5.2% | -3.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 14 | 14 |
| # Negative | 10 | 10 | 10 |
| Median Positive | 3.7% | 3.7% | 5.5% |
| Median Negative | -3.6% | -4.6% | -5.0% |
| Max Positive | 10.0% | 9.9% | 31.7% |
| Max Negative | -9.2% | -11.1% | -15.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/22/2026 | 1.5% | 2.2% | 0.6% |
| 2/11/2026 | 3.2% | 5.4% | -2.4% |
| 10/22/2025 | -2.3% | -0.0% | 0.1% |
| 7/24/2025 | -6.4% | -11.1% | -10.6% |
| 4/23/2025 | 5.9% | 7.3% | 16.9% |
| 2/12/2025 | -9.1% | -7.1% | -15.2% |
| 10/23/2024 | -1.2% | 0.2% | 2.6% |
| 7/24/2024 | -6.4% | -5.2% | -3.8% |
| 4/24/2024 | 10.0% | 8.5% | 14.2% |
| 2/14/2024 | -1.0% | -0.2% | 3.4% |
| 10/25/2023 | 4.1% | 6.1% | 16.6% |
| 7/27/2023 | 3.9% | 3.9% | -1.6% |
| 4/26/2023 | -4.2% | -4.1% | -6.0% |
| 2/15/2023 | 2.1% | 0.5% | -6.9% |
| 11/1/2022 | 0.5% | 3.4% | 8.7% |
| 8/5/2022 | 3.1% | 2.5% | -6.2% |
| 4/27/2022 | 4.1% | 6.5% | 2.1% |
| 2/16/2022 | 6.4% | 1.9% | 5.2% |
| 10/27/2021 | -3.0% | -0.5% | 5.0% |
| 7/29/2021 | 2.1% | 1.9% | 5.8% |
| 4/29/2021 | -2.2% | -5.1% | -3.4% |
| 2/18/2021 | -9.2% | -5.8% | -4.0% |
| 10/29/2020 | 4.6% | 9.9% | 31.7% |
| 7/28/2020 | 3.6% | -0.9% | 6.0% |
| SUMMARY STATS | |||
| # Positive | 14 | 14 | 14 |
| # Negative | 10 | 10 | 10 |
| Median Positive | 3.7% | 3.7% | 5.5% |
| Median Negative | -3.6% | -4.6% | -5.0% |
| Max Positive | 10.0% | 9.9% | 31.7% |
| Max Negative | -9.2% | -11.1% | -15.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/22/2026 | 10-Q |
| 12/31/2025 | 02/13/2026 | 10-K |
| 09/30/2025 | 10/22/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/23/2025 | 10-Q |
| 12/31/2024 | 02/12/2025 | 10-K |
| 09/30/2024 | 10/23/2024 | 10-Q |
| 06/30/2024 | 07/24/2024 | 10-Q |
| 03/31/2024 | 04/24/2024 | 10-Q |
| 12/31/2023 | 02/14/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/15/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/22/2026 | 10-Q |
| 12/31/2025 | 02/13/2026 | 10-K |
| 09/30/2025 | 10/22/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/23/2025 | 10-Q |
| 12/31/2024 | 02/12/2025 | 10-K |
| 09/30/2024 | 10/23/2024 | 10-Q |
| 06/30/2024 | 07/24/2024 | 10-Q |
| 03/31/2024 | 04/24/2024 | 10-Q |
| 12/31/2023 | 02/14/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/15/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 04/27/2022 | 10-Q |
| 12/31/2021 | 02/17/2022 | 10-K |
| 09/30/2021 | 10/27/2021 | 10-Q |
| 06/30/2021 | 07/29/2021 | 10-Q |
| 03/31/2021 | 04/29/2021 | 10-Q |
| 12/31/2020 | 02/19/2021 | 10-K |
| 09/30/2020 | 10/29/2020 | 10-Q |
| 06/30/2020 | 07/29/2020 | 10-Q |
| 03/31/2020 | 05/06/2020 | 10-Q |
| 12/31/2019 | 02/24/2020 | 10-K |
| 09/30/2019 | 11/01/2019 | 10-Q |
| 06/30/2019 | 08/01/2019 | 10-Q |
Recent Forward Guidance
Updated 5/31/2026Latest: Q1 2026 Earnings Reported 4/22/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted EPS | 10.2 | 10.4 | 10.7 | 2.0% | Raised | Guidance: 10.2 for 2026 | |
| 2026 Revenue | 12.19 Bil | 12.34 Bil | 12.49 Bil | 0 | Affirmed | Guidance: 12.34 Bil for 2026 | |
Prior: Q4 2025 Earnings Reported 2/11/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 12.19 Bil | 12.34 Bil | 12.49 Bil | 11.4% | Higher New | Guidance: 11.07 Bil for 2025 | |
| 2026 Adjusted EPS | 10.1 | 10.2 | 10.4 | 14.5% | Higher New | Guidance: 8.95 for 2025 | |
Insider Activity
Updated 6/16/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gaur, Sameer | Pres., Global Freight Services | Direct | Sell | 6162026 | 263.50 | 1,082 | 285,105 | 3,158,027 | Form |
| 2 | Santana, Rafael | President and CEO | Direct | Sell | 6092026 | 261.06 | 1,163 | 303,617 | 32,391,985 | Form |
| 3 | Santana, Rafael | President and CEO | Direct | Sell | 6092026 | 261.65 | 1,163 | 304,304 | 32,769,623 | Form |
| 4 | Santana, Rafael | President and CEO | Direct | Sell | 5062026 | 264.90 | 1,163 | 308,077 | 33,483,937 | Form |
| 5 | Deninno, David L | Exec VP, General Counsel, Sec. | Direct | Sell | 5062026 | 265.48 | 2,500 | 663,688 | 15,431,531 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gaur, Sameer | Pres., Global Freight Services | Direct | Sell | 6162026 | 263.50 | 1,082 | 285,105 | 3,158,027 | Form |
| 2 | Santana, Rafael | President and CEO | Direct | Sell | 6092026 | 261.06 | 1,163 | 303,617 | 32,391,985 | Form |
| 3 | Santana, Rafael | President and CEO | Direct | Sell | 6092026 | 261.65 | 1,163 | 304,304 | 32,769,623 | Form |
| 4 | Santana, Rafael | President and CEO | Direct | Sell | 5062026 | 264.90 | 1,163 | 308,077 | 33,483,937 | Form |
| 5 | Deninno, David L | Exec VP, General Counsel, Sec. | Direct | Sell | 5062026 | 265.48 | 2,500 | 663,688 | 15,431,531 | Form |
| 6 | Santana, Rafael | President and CEO | Direct | Sell | 5062026 | 263.77 | 1,163 | 306,768 | 33,648,429 | Form |
| 7 | Santana, Rafael | President and CEO | Direct | Sell | 4162026 | 268.89 | 60,852 | 16,362,580 | 34,614,122 | Form |
| 8 | Trombley, Gina | EVP Sales & Marketing | Direct | Sell | 3132026 | 241.87 | 4,013 | 970,624 | 3,347,723 | Form |
| 9 | Santana, Rafael | President and CEO | Direct | Sell | 3112026 | 248.83 | 1,163 | 289,390 | 47,173,578 | Form |
| 10 | Santana, Rafael | President and CEO | Direct | Sell | 3112026 | 243.10 | 1,163 | 282,728 | 46,370,322 | Form |
| 11 | Gaur, Sameer | Pres., Global Freight Services | Direct | Sell | 2272026 | 262.62 | 1,150 | 302,016 | 3,155,932 | Form |
| 12 | Jain, Nalin | President, Digital Electronics | Direct | Sell | 2262026 | 264.09 | 7,936 | 2,095,854 | 1,680,697 | Form |
| 13 | Olin, John A | Executive Vice President & CFO | Direct | Sell | 2252026 | 263.30 | 11,000 | 2,896,300 | 15,926,227 | Form |
| 14 | Mendonca, Rogerio | President, Equipment Group | Direct | Sell | 2232026 | 264.21 | 3,500 | 924,719 | 2,668,740 | Form |
| 15 | Sbrocco, Gregory | EVP Operations | Direct | Sell | 2202026 | 258.43 | 952 | 246,025 | 5,468,120 | Form |
| 16 | Santana, Rafael | President and CEO | Direct | Sell | 2122026 | 253.22 | 1,798 | 455,286 | 29,614,091 | Form |
| 17 | Santana, Rafael | President and CEO | Direct | Sell | 2122026 | 245.71 | 1,798 | 441,794 | 29,178,318 | Form |
| 18 | Santana, Rafael | President and CEO | Direct | Sell | 1072026 | 220.15 | 1,798 | 395,832 | 26,538,574 | Form |
| 19 | Santana, Rafael | President and CEO | Direct | Sell | 1072026 | 217.66 | 1,798 | 391,349 | 26,629,330 | Form |
| 20 | Santana, Rafael | President and CEO | Direct | Sell | 12192025 | 213.55 | 1,798 | 383,969 | 26,511,169 | Form |
| 21 | Santana, Rafael | President and CEO | Direct | Sell | 12192025 | 212.17 | 1,798 | 381,476 | 26,720,535 | Form |
| 22 | Fetsko, Michael | Pres., Freight Components Grp. | Direct | Sell | 12152025 | 215.72 | 5,058 | 1,091,098 | 7,956,082 | Form |
| 23 | Deninno, David L | Exec VP, General Counsel, Sec. | Direct | Sell | 12052025 | 214.62 | 5,000 | 1,073,102 | 10,827,599 | Form |
| 24 | Mendonca, Rogerio | President, Equipment Group | Direct | Sell | 12052025 | 214.51 | 2,019 | 433,089 | 2,041,247 | Form |
| 25 | Deninno, David L | Exec VP, General Counsel, Sec. | Direct | Sell | 11142025 | 209.94 | 5,000 | 1,049,700 | 11,641,173 | Form |
| 26 | Mastalerz, John A JR | SVP Fin, Corp Controller, CAO | Direct | Sell | 11142025 | 210.00 | 2,766 | 580,860 | 1,110,060 | Form |
| 27 | Schweitzer, Pascal | President Transit | Direct | Sell | 11122025 | 208.07 | 3,000 | 624,214 | 1,030,993 | Form |
| 28 | Santana, Rafael | President and CEO | Direct | Sell | 11052025 | 203.67 | 1,798 | 366,204 | 26,016,985 | Form |
| 29 | Santana, Rafael | President and CEO | Direct | Sell | 11052025 | 203.61 | 1,798 | 366,092 | 26,375,148 | Form |
| 30 | Sbrocco, Gregory | EVP Operations | Direct | Sell | 11032025 | 203.77 | 2,424 | 493,928 | 3,139,012 | Form |
| 31 | Deninno, David L | Exec VP, General Counsel, Sec. | Direct | Sell | 10302025 | 199.87 | 2,100 | 419,731 | 12,082,256 | Form |
| 32 | Sbrocco, Gregory | EVP Operations | Direct | Sell | 10242025 | 195.43 | 2,953 | 577,108 | 3,484,343 | Form |
| 33 | Santana, Rafael | President and CEO | Direct | Sell | 10162025 | 197.25 | 1,798 | 354,651 | 25,905,511 | Form |
| 34 | Santana, Rafael | President and CEO | Direct | Sell | 10162025 | 195.04 | 1,798 | 350,680 | 25,966,084 | Form |
| 35 | Santana, Rafael | President and CEO | Direct | Sell | 9162025 | 189.63 | 1,798 | 340,953 | 25,586,858 | Form |
| 36 | Santana, Rafael | President and CEO | Direct | Sell | 9162025 | 189.97 | 1,799 | 341,748 | 25,973,813 | Form |
| 37 | Santana, Rafael | President and CEO | Direct | Sell | 8222025 | 191.90 | 886 | 170,027 | 26,584,062 | Form |
| 38 | Santana, Rafael | President and CEO | Direct | Sell | 8222025 | 192.83 | 886 | 170,849 | 26,883,525 | Form |
| 39 | Santana, Rafael | President and CEO | Direct | Sell | 7092025 | 213.48 | 886 | 189,145 | 29,951,550 | Form |
| 40 | Santana, Rafael | President and CEO | Direct | Sell | 7092025 | 213.35 | 886 | 189,025 | 30,121,538 | Form |
| 41 | Santana, Rafael | President and CEO | Direct | Sell | 6202025 | 201.65 | 886 | 178,666 | 28,649,405 | Form |
| 42 | Santana, Rafael | President and CEO | Direct | Sell | 6202025 | 201.23 | 886 | 178,287 | 28,766,961 | Form |
| 43 | Trombley, Gina | EVP Sales & Marketing | Direct | Sell | 6172025 | 202.00 | 4,299 | 868,419 | 2,766,660 | Form |
| 44 | Theophilus, Nicole B | EVP & Chief Admin. Officer | Direct | Sell | 6132025 | 204.14 | 2,000 | 408,285 | 3,488,389 | Form |
| 45 | Schweitzer, Pascal | President Transit | Direct | Sell | 6102025 | 205.95 | 4,000 | 823,792 | 1,638,317 | Form |
| 46 | Yates, Kyra | VP - Investor Relations | Direct | Sell | 6052025 | 203.78 | 1,389 | 283,043 | 637,408 | Form |
| 47 | Hehir, Brian | Direct | Sell | 6032025 | 203.67 | 1,165 | 237,276 | 4,203,867 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Construction Machinery & Heavy Transportation Equipment Resources |
| Equipment World |
| Construction Equipment |
| OEM Off-Highway |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.