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Westinghouse Air Brake Technologies Corp (WAB)



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Upturn Advisory Summary
07/29/2025: WAB (4-star) is a SELL. SELL since 1 days. Profits (0.66%). Updated daily EoD!
1 Year Target Price $228.7
1 Year Target Price $228.7
6 | Strong Buy |
1 | Buy |
5 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 63.47% | Avg. Invested days 59 | Today’s Advisory SELL |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 33.68B USD | Price to earnings Ratio 29.36 | 1Y Target Price 228.7 |
Price to earnings Ratio 29.36 | 1Y Target Price 228.7 | ||
Volume (30-day avg) 12 | Beta 1.12 | 52 Weeks Range 146.95 - 216.10 | Updated Date 07/29/2025 |
52 Weeks Range 146.95 - 216.10 | Updated Date 07/29/2025 | ||
Dividends yield (FY) 0.46% | Basic EPS (TTM) 6.71 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-07-22 | When Before Market | Estimate 2.17 | Actual 2.27 |
Profitability
Profit Margin 10.92% | Operating Margin (TTM) 18.48% |
Management Effectiveness
Return on Assets (TTM) 5.61% | Return on Equity (TTM) 10.91% |
Valuation
Trailing PE 29.36 | Forward PE 23.75 | Enterprise Value 36977485400 | Price to Sales(TTM) 3.19 |
Enterprise Value 36977485400 | Price to Sales(TTM) 3.19 | ||
Enterprise Value to Revenue 3.5 | Enterprise Value to EBITDA 16.88 | Shares Outstanding 170952992 | Shares Floating 168896610 |
Shares Outstanding 170952992 | Shares Floating 168896610 | ||
Percent Insiders 1.1 | Percent Institutions 95.9 |
Upturn AI SWOT
Westinghouse Air Brake Technologies Corp

Company Overview
History and Background
Westinghouse Air Brake Technologies Corp (Wabtec) was formed in 1999 through the merger of Westinghouse Air Brake Company and MotivePower Industries. Westinghouse Air Brake was originally founded in 1869. Wabtec has grown through acquisitions and organic growth to become a leading global provider of equipment, systems, digital solutions, and value-added services for freight and transit rail.
Core Business Areas
- Freight: Provides a comprehensive range of products and services for the freight rail market, including locomotives, signaling and control systems, braking systems, and railcar components. This segment also offers digital solutions and services to improve operational efficiency.
- Transit: Offers a diverse portfolio of products and services for the transit rail market, including braking systems, door systems, HVAC systems, and pantographs. The segment also provides refurbishment, maintenance, and modernization services for transit vehicles.
Leadership and Structure
Rafael Santana is the President and CEO. The company has a board of directors and operates through its two primary business segments: Freight and Transit. It's structured with functional departments supporting these segments.
Top Products and Market Share
Key Offerings
- Braking Systems: Wabtec's braking systems are used in both freight and transit rail applications, enhancing safety and efficiency. Competitors include Knorr-Bremse and Faiveley Transport. Market share is estimated at approximately 30% (braking systems).
- Locomotives: Wabtec designs, manufactures, and services locomotives for freight and passenger rail applications. It competes with Siemens and Progress Rail (Caterpillar).
- Digital Solutions: Wabtec offers digital solutions that optimize rail operations, including asset monitoring, predictive maintenance, and traffic management. Market is fragmented with many competitors including Siemens, Alstom, and smaller software companies. Revenue from digital solutions is about 15% of their total revenue.
Market Dynamics
Industry Overview
The rail industry is experiencing growth driven by increasing demand for freight transportation and the need for modernizing aging transit infrastructure. Digitalization and sustainability are key trends.
Positioning
Wabtec is a leading player in the rail industry, with a strong market position in both freight and transit segments. It benefits from a comprehensive product portfolio, global presence, and technological expertise.
Total Addressable Market (TAM)
The TAM for rail equipment and services is estimated to be $100+ billion annually. Wabtec is well-positioned to capture a significant share through its broad product offerings and global presence. Estimates indicate Wabtec captures 8% of this total market
Upturn SWOT Analysis
Strengths
- Global presence
- Diversified product portfolio
- Strong aftermarket services
- Technological innovation
- Established customer relationships
Weaknesses
- Dependence on cyclical industries
- Exposure to commodity price fluctuations
- Integration risks from acquisitions
- High debt levels
Opportunities
- Growing demand for rail transportation
- Increasing investment in transit infrastructure
- Expansion of digital solutions
- Geographic expansion in emerging markets
- Adoption of sustainable technologies
Threats
- Economic downturns
- Intense competition
- Technological disruptions
- Regulatory changes
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- Siemens (SIE.DE)
- Alstom (ALO.PA)
- Knorr-Bremse (KBX.DE)
Competitive Landscape
Wabtec has a strong competitive position due to its comprehensive product portfolio, global presence, and technological expertise. It faces competition from larger players like Siemens and Alstom, as well as specialized providers.
Major Acquisitions
Nordco
- Year: 2021
- Acquisition Price (USD millions): 400
- Strategic Rationale: Expanded Wabtec's maintenance-of-way product offerings.
Growth Trajectory and Initiatives
Historical Growth: Wabtec has experienced significant growth through acquisitions and organic expansion. Revenue has grown at an average annual rate of 5-7% over the past decade.
Future Projections: Analysts project continued growth for Wabtec, driven by increasing demand for rail transportation and the company's strategic initiatives. Revenue is expected to grow at a rate of 4-6% annually over the next few years.
Recent Initiatives: Recent initiatives include investments in digital solutions, expansion into new markets, and acquisitions of complementary businesses.
Summary
Wabtec is a strong player in the rail industry benefiting from a diversified product portfolio and global reach. The company's focus on digital solutions and aftermarket services enhances its competitive edge. However, its dependence on cyclical industries and high debt levels remain areas of concern. Wabtec should continue to capitalize on growing rail demand and invest in sustainable technologies.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Analyst reports
- Industry publications
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions and company performance can change, affecting the accuracy of the data.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Westinghouse Air Brake Technologies Corp
Exchange NYSE | Headquaters Pittsburgh, PA, United States | ||
IPO Launch date 1995-06-20 | CEO, President & Director Mr. Rafael Ottoni Santana | ||
Sector Industrials | Industry Railroads | Full time employees 29500 | Website https://www.wabteccorp.com |
Full time employees 29500 | Website https://www.wabteccorp.com |
Westinghouse Air Brake Technologies Corporation provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products. The company also offers positive train control equipment; electronically controlled pneumatic braking products; railway electronics; signal design and engineering services; distributed locomotive power, train cruise controls, and train remote controls; industrial/mobile Internet of Things hardware and software, edge-to-cloud, on and off-board analytics and rules, and asset performance management solutions; rail and shipper transportation management, and port visibility and optimization solutions; and network optimization solutions. It provides freight car trucks, braking equipment, and related components; air compressors and dryers, as well as heating, ventilation, and air conditioning (HVAC) systems; heat transfer components and systems; custom engineered burners and combustion systems; rail gear, signaling, and switch products; and turbochargers. The company also offers various services, such as freight locomotive overhauls, modernizations, and refurbishment; locomotive and car maintenance; transit locomotive and car overhaul; unit exchange of locomotive components; long term parts arrangements; and maintenance of way equipment and services. It provides railway and freight braking equipment and related components; brake shoes, discs, and pads; HVAC equipment; access and platform screen doors; pantographs; auxiliary power converters and battery chargers; passenger information systems and closed-circuit television; signaling and railway electric relays; and doors, window assemblies, accessibility lifts, ramps, and electric charging solutions for buses. The company was founded in 1869 and is headquartered in Pittsburgh, Pennsylvania.

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