WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP · Railroad Equipment

WAB

Low riskNext report: Around Feb 10, 2027 (est.)

View price ↗

The short version

A profitable company with steady sales.

Going well

Profitable every year for 10 years
Brings in more cash than it spends
Buying back shares: share count down 6.4% in 3 years

Money moves

Insiders sold $635K in the last 30 days, all through pre-planned sales
Institutions added 0.4% to their holdings in the quarter ending June 2026 (529 bought, 480 sold)
Held by Ray Dalio (Bridgewater), Stanley Druckenmiller (Duquesne)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$277.77+2.0% that day

Company value: $46.6B; Share price times all shares
Price vs profit (P/E): 34.5x; You pay about $34 for each $1 of yearly profit
Price vs sales: 4.2x; Company value is 4.2 times a year of sales
Dividend yield: 0.4%; Yearly dividend as a share of today's price
Debt vs value: 12%; Debt as a share of company value

From WAB's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Profit, Sep '26

$409.0M+32% vs a year earlier

Dec '23Tap a barSep '26

Last 12 months: $1.4B, up 16% from the 12 months before.

What the price assumes

Your guesses, our math

Move the sliders to your own view of WAB. Starting points are the company's recent numbers.

Sales growth+8% a yearRecently: +8.1% a yearProfit margin12%Last 12 months: 12.3%P/E at the end34xToday: 34.5x. Many steady companies trade at 12x to 25xShare count change-2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$16.4B

Profit in 5 years$2.0B

Price these guesses point to$441.35+59% vs $277.77 todayAbout +9.7% a year, before dividends

What today's price needs: with a 12% margin and a 34x P/E, sales could shrink about 1.6% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

5/7Mixed

MissReturn on equity 15%+Earns a lot on the money owners have in the business.11.0%
PassDebt under half of equityNot relying on borrowed money.0.50x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.10.5%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.5B
PassShare count not growingNot diluting owners. Falling means buybacks.-6.4% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.34.1%

Revenue: $11.2B; +7.5% vs prior year
5-year growth: +8.1%/yr; revenue, per year
Total debt: $5.5B; 0.50x equity
Current ratio: 1.11x; short-term assets / bills due

From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Sep 30, 2026

Reported Oct 21Before open7:08 am ET

EPS: $2.42; vs $1.81
Free cash flow: $381.0M
Share count: -1.3%; vs a year ago

Insider rating

Last 90 days

46Mixed

Pre-planned sales of $635K (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

67/ 100

This week: 3
Normal week: 1.5
vs normal: 2.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+0.4%

Institutions added 0.4% to their holdings. 529 bought, 480 sold.

Shares held by institutions156.7M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-2.2%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.6x · $6.4B debt

Shares outstandingLatest reported

168M

Earnings reports

Last 12

Next reportAround Feb 10, 2027 (est.)Estimated from the same quarter last year

Results filedOct 21
Results filedJul 22
Results filedApr 22
Results filedFeb 11
Results filedOct 22, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (passive)Aug 6 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$635K1 insider, 1 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Rafael SantanaPresident and CEO	Sell	2K	$292.25	$635K	115K	Oct 6Filing ↗
-1.9% of their holdings $287.24 to $294.16 across 10 trades Traded Oct 5 to Oct 6 Pre-planned sale (10b5-1) Also Director Filed 1 day after