WABWabtec
$283.59+40% 1Y
$283.59
$195.6652 weeks$305.78
The business
How WAB's business earns
Wabtec earns 9.6% on the capital it employs against an estimated 9.0% cost of capital.
9.6%
Return on invested capital · cost of capital 9.0% · 0.62 points above the estimated cost of capital
- Operating margin
- 17%
Operating margin · Railroads median 34% · 12 months to Sep 30, 2026
- Cash conversion
- 1.33×
Cash conversion · 1.12× a year ago · operating cash flow divided by operating profit after tax
- Share count, year on year
- −1.3%
Share count, year on year · fewer shares than a year ago
Operating margin by fiscal year
| Year | Operating margin |
|---|---|
| FY2020 | 9.9% |
| FY2021 | 11% |
| FY2022 | 12% |
| FY2023 | 13% |
| FY2024 | 15% |
| FY2025 | 16% |
Details›
- Gross margin12 months to Sep 30, 2026
- 36%
- Operating margin12 months to Sep 30, 2026
- 17%
- Net margin12 months to Sep 30, 2026
- 11%
- Free cash flow margin
- 15%
- R&D as % of revenue
- 2.1%
- Revenue, trailing twelve months
- $12.2B
- Free cash flow, trailing twelve months
- $1.78B
- Net income, trailing twelve months
- $1.37B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 9.6%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from WAB and who it buys from, as the companies report it.
Customerswho buys
- Top five customers30%
Combined share of revenue · FY2025 10-K
Supplierswho it buys from
None disclosed.
Industrials
The closest names by size in the same sector