Nov 4
Current report
8-K
Entered into a material agreement, New debt or off-balance-sheet obligation
AI summary on its way
WAB · Westinghouse Air Brake Technologies Corp
$297.96
-2.55 (-0.85%)
At close · Nov 13
Return incl. dividend (before tax)
Market Cap
$50.00B
Shares
167.80M
Volume · Nov 13
810.39K
Avg daily vol (3M)
907.81K
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Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$297.96
Open$302.47
Day$296.68–303.27
52W close$196.14–305.79
Avg vol 30d1.0M
Short int3.8M · 2.2% of shares · 3.2d
Short vol62%
Last earningsOct 21, 2026
DataJan 2020–Nov 2026
Filing10-Q · Oct 21
Up next
Feb 10, 2027
Est · unconfirmed
· in 12 wks
Latest documents
2026
Nov 3
Current report
8-K
Events of Nov 2
5.900% $500 million Senior Notes due 2037 priced
Westinghouse Air Brake Technologies Corporation priced a public offering of $500 million aggregate principal amount of 5.900% Senior Notes due 2037 on November 2, 2026.
Oct 21
Registration statement
S-3ASR
Registration statement
Westinghouse Air Brake Technologies Corporation established an automatic shelf registration to offer debt and equity securities from time to time; net proceeds are intended for general corporate purposes.
Oct 21
Earnings call
Q3 2026 earnings call
Wabtec reported third-quarter sales of $3.12 billion, up 8.1%, adjusted EPS of $2.83, up 22.0%, and operating cash flow of $455 million. It raised full-year adjusted EPS guidance to $10.85 to $11.05.
Oct 21
Quarterly report
10-Q
FY2026 Q3, ended Sep 30
Quarterly report for FY2026 Q3
Wabtec reported third-quarter net sales increased 8.1% to $3.12 billion compared with the prior-year period, while multi-year backlog reached a record $31.4 billion at September 30, 2026; Dellner Couplers closed February 10, 2026, for approximately $1.053 billion.
Revenue $3.12B
▲ 8.1%
Net income $409M
▲ 31.9%
Diluted EPS $2.42
▲ 33.7%
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$12.21B
Trailing 12 months
Net income (TTM)
$1.36B
Trailing 12 months
Revenue growth YoY
+8.1%
Year over year
Operating margin
17.2%
Trailing 12 months
P / E (TTM)
37.0
Trailing earnings · reciprocal yield 2.7%
FCF yield
3.6%
TTM · current market cap
Return on invested capital
9.1%
Trailing 12 months
Net cash
−$5.89B
Latest balance sheet
Dividend yield
0.3%
Trailing 12 months
Shares change YoY
-1.3%
Year over year · fewer shares
Price change (1Y)
+45.9%
Trailing year
Short interest
2.2%
Latest settlement · 3.2 days to cover
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Oct 21, 2026
Q3 FY26
TL;DR. Wabtec delivered Q3 sales, adjusted EPS and margin growth, generated $455 million of operating cash flow, expanded backlog, secured major new orders, and raised 2026 adjusted EPS guidance. The stated headwinds were the sharply reduced North American rail-car build, lower locomotive deliveries, currency pressure, higher manufacturing and tariff costs, restructuring charges, and a sequential decline in 12-month backlog.
Bullish
- + Adjusted operating margin expanded 1.9 percentage points to 22.9%.
- + Wabtec raised and tightened 2026 adjusted EPS guidance to $10.85-$11.05, up $0.20 at the midpoint.
Bearish
- − The 2026 North American rail-car delivery forecast was reduced to approximately 23,000 cars, representing a 26% decline from last year's build.
- − Lower locomotive deliveries partly offset growth in equipment sales, which increased only 0.3%.
- − Unfavorable foreign exchange reduced consolidated sales by 1.1 percentage points in the quarter.
- − Higher manufacturing costs and year-over-year net tariffs partly offset favorable product mix and productivity benefits.
- − Wabtec recorded $5 million of pre-tax restructuring charges related to integration and portfolio optimization.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Strong Buy
SellHoldBuy
Technical
Strong Buy
Momentum
Very Strong
Sentiment
Bullish
Fundamentals
Strong
Quant / Vol
Low
Market backdrop
VIX 19.3 · elevated
Equity put/call 0.63
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+10%
above
Price vs 50-day avg
+4%
above
RSI (14)
57
neutral
MACD trend
Positive
52-week position
93%
near high
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
+4%
trailing
6-month return
+14%
trailing
YTD return
+40%
this year
Relative strength
+13%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $286 › 200d $271 — 50d above 200d
Institutional flow
Accumulating
1,101 of 1,204 funds reported for Sep 30 · net +327.9K sh shares · +103 new
Insider flow
Distributing
Net -$2.0M over 90 days · 100% sells
Short interest
Falling
2.24% of shares out · ▼ -0.4% MoM · 3.2 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
1,204 holders — near 3-yr high, broad support
Squeeze score
53
elevated · 0–100
Fundamentals
Revenue growth
+22%
Y/Y
Gross margin
159%
contracting
EPS growth
+13%
Y/Y
Free cash flow
$1.5B
Valuation
P/E 37
rich
Buyback
$760.0M
remaining
Balance sheet
$4.8B
net debt
Quant / Vol
risk profile
Volatility
27%
annualized · 1-yr
Max drawdown
−11%
past year
ATR
2.8%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Oct 21, 2026
full-year 2026
Adjusted EPS
Non-GAAP
Raised
$10.85 – $11.05
Jul 22, 2026
$10.60 – $10.90
changed to
Oct 21, 2026
$10.85 – $11.05
full year
Guidance
$110M
Previous outlook
earlier release
· from the 8-K filed Jul 22, 2026
Still-open targets the latest release did not restate under the same label.
Capex (% of sales)
· 2026
2%
Guided vs delivered
· last 6 settled
Revenues
full year 2025
guided $10.93B – $11.23B
$11.17B
In line
REVENUES
2024
guided $10.25B – $10.55B
$10.39B
In line
Sales
full year 2023
guided $9.5B – $9.7B
$9.68B
In line
Sales
fiscal year 2022
guided $8.15B – $8.35B
$8.36B
Beat +1.4%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+10%
Bullish
Price vs 50-day avg
+4%
Bullish
RSI (14)
57
Neutral
MACD trend
Positive
Bullish
52-week position
93%
Bullish
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross)
No cross
50d $286 › 200d $271 — 50d above 200d
Institutional flow
Accumulating
1,101 of 1,204 funds reported for Sep 30 · net +327.9K sh shares · +103 new
Insider flow
Distributing
Net -$2.0M over 90 days · 100% sells
Short interest
Falling
2.24% of shares out · ▼ -0.4% MoM · 3.2 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
1,204 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $196
Now $298 · 93%
Range high $306
vs 200-day avg +10%
vs 50-day avg +4%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Railroads — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
WAB
this stock
Westinghouse Air Brake Technologies Corp
|
$50.00B | +39.6% | +21.5% | 37.0 | 2.2% |
|
UNP
Union Pacific Corp
|
$179.73B | +30.7% | -10.0% | 23.6 | 5.1% |
|
CSX
Csx Corp
|
$95.95B | +43.6% | +17.6% | 27.0 | 2.0% |
|
CP
Canadian Pacific Kansas City Ltd
|
$81.87B | +27.9% | — | — | 2.0% |
|
CNI
Canadian National Railway Co
|
$76.27B | +28.7% | — | — | 0.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| WAB | +5.1% | +3.9% | +14.0% | +6.6% | +39.6% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +2.5% | +5.0% | +13.5% | +6.8% | +29.0% |
Capital returns
Latest dividend
$0.31
/ share · ex Aug 18, 2026
Declared · upcoming
$0.31
/ share · ex Nov 17, 2026
Paid (TTM)
$0.93
/ share · 3 payouts
Dividend yield (TTM, derived)
0.31%
Buyback program
· as of Jun 30, 2026
Authorized
$1.20B
Spent (derived)
$440.00M
Remaining
$760.00M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
943452
CUSIP
929740108
13F (30d)
1002 filings
922 filers
Visit website
Investor relations