Westinghouse Air Brake Technologies Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.17B | $10.39B | $9.68B | $8.40B | $8.10B | $7.56B | $8.21B | $4.46B |
| Service | — | — | — | $4.46B | $4.28B | — | $4.25B | $2.30B |
| Product | — | — | — | $3.95B | $3.82B | — | $3.96B | $2.16B |
| Cost of Revenue | $7.36B | $7.02B | $6.73B | $5.82B | $5.45B | $5.42B | $5.92B | $3.13B |
| Gross Profit | $3.81B | $3.37B | $2.94B | $2.54B | $2.37B | $2.14B | $2.28B | $1.23B |
| Gross Margin | 34.1% | 32.4% | 30.4% | 30.2% | 29.3% | 28.3% | 27.8% | 27.7% |
| Operating Expenses | ||||||||
| Research & Development | $223.0M | $206.0M | $218.0M | $209.0M | $176.0M | $162.0M | $210.0M | $87.5M |
| SG&A Expense | $1.49B | $1.25B | $1.14B | $1.03B | $1.03B | $948.0M | $1.17B | $633.2M |
| Operating Income | $1.79B | $1.61B | $1.27B | $1.01B | $876.0M | $745.0M | $663.0M | $473.4M |
| Operating Margin | 16.1% | 15.5% | 13.1% | 12.0% | 10.8% | 9.9% | 8.1% | 10.6% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $1.59B | $1.41B | $1.09B | $854.0M | $737.0M | $557.0M | $447.0M | $367.6M |
| Income Tax Expense | $409.0M | $343.0M | $267.0M | $213.0M | $172.0M | $145.0M | $120.0M | $75.9M |
| Net Income | $1.17B | $1.06B | $815.0M | $633.0M | $558.0M | $414.0M | $327.0M | $294.9M |
| Net Margin | 10.5% | 10.2% | 8.4% | 7.5% | 6.9% | 5.5% | 4.0% | 6.6% |
| EPS (Basic) | $6.84 | $6.05 | $4.54 | $3.46 | $2.96 | $2.18 | $1.91 | $3.06 |
| EPS (Diluted) | $6.83 | $6.04 | $4.53 | $3.46 | $2.96 | $2.17 | $1.84 | $3.05 |
| Shares Outstanding (Basic) | 170.5M | 174.1M | 178.8M | 182.2M | 187.7M | 189.9M | 170.5M | 96.0M |
| Shares Outstanding (Diluted) | 171.1M | 174.8M | 179.5M | 182.8M | 188.1M | 190.4M | 177.3M | 96.5M |
| Dividends Per Share | $1.00 | $0.80 | $0.68 | $0.60 | $0.48 | $0.48 | $0.48 | $0.48 |