Westinghouse Air Brake Technologies Corporation
As of Fiscal Year 2025 (ended December 31, 2025)
Key KPIs at a Glance
| Metric | Value |
|---|---|
| Total revenue (FY2025) | $11,167 million, up 7.5% year-over-year from $10,387 million in FY2024 |
| Net income attributable to Wabtec shareholders (FY2025) | $1,170 million, up 10.8% year-over-year from $1,056 million in FY2024 |
| GAAP diluted EPS (FY2025) | $6.83, up 13.1% year-over-year |
| Adjusted diluted EPS (FY2025, non-GAAP) | $8.97, up 18.7% year-over-year |
| GAAP operating margin (FY2025) | 16.1% of sales (GAAP operating income of $1,793 million) |
| Adjusted operating margin (FY2025, non-GAAP) | 20.3% of sales (adjusted operating income of $2,267 million) |
| 12-month backlog (as of 12/31/2025) | $8,234 million, up 7.2% year-over-year |
| Multi-year backlog (as of 12/31/2025) | $27,407 million, up 23.1% year-over-year |
| Quarterly dividend per share | $0.31, a 24% increase announced with Q4 2025 results |
| Share repurchases (FY2025) | $223 million of common stock repurchased |
| Operating cash flow (FY2025) | $1,759 million, approximately 104% of net income (cash conversion) |
| Employees (as of 12/31/2025) | Approximately 31,000 employees worldwide, excluding contingent workers |
| Market position / share (locomotives & rail equipment) | Wabtec describes itself as a leading global provider of freight and transit rail equipment, systems, digital solutions and value-added services; the company does not disclose a specific numeric market-share figure, so no percentage is estimated here |
Sources: All FY2025 figures (total sales, segment sales, segment operating/adjusted operating income, net income, GAAP and adjusted EPS, operating margins, 12-month and multi-year backlog, share repurchases, dividend increase) are company-disclosed, sourced from Wabtec's Q4/FY2025 earnings press release filed as an 8-K exhibit with the SEC on Feb 11, 2026, and the FY2025 10-K. FY2025 total company revenue reconciles exactly to the Freight + Transit segment sum ($8,036M + $3,131M = $11,167M). FY2021 and FY2022 total revenue are sourced from a third-party financial data aggregator (stockanalysis.com); FY2023-FY2025 figures were cross-checked against Wabtec's own press releases and are consistent. Employee count (~31,000) is from the FY2025 10-K Human Capital section. No company-disclosed numeric market-share figure for locomotives/rail equipment was found; that line in the KPI table is left qualitative rather than estimated.