The global mining equipment market is projected to grow from USD 140.8 billion in 2026 to USD 194.2 billion by 2033 at a 4.7% CAGR, driven by electrification, automation, and rising demand for critical minerals like lithium and copper. Surface mining equipment will dominate with 60% market share, while metal mining emerges as the fastest-growing segment. Asia-Pacific leads regional demand, with major OEMs like Caterpillar and Komatsu investing heavily in autonomous systems and electric platforms.
Wabtec Inc. (WAB)
Common Stock · Currency in USD · XNYS
Westinghouse Air Brake Technologies Corp provides value-added, technology-based products and services for the freight rail and passenger transit industries and the mining, marine, and industrial markets. It provides its products and services through two main business segments: Freight and Transit. The company generates maximum revenue from the Freight segment, which manufactures new and modernized locomotives, provides aftermarket parts and services to existing locomotives, provides components to new and existing freight cars; builds new commuter locomotives; supplies rail control and infrastructure products, including electronics, positive train control equipment, signal design, and engineering services. Geographically, it generates a majority of its revenue from the United States.
Company Info
SIC3743
Composite FIGIBBG000BDD940
CIK0000943452
IPOJun 15, 1995
Sectorrailroad equipment
Highlights
Market Cap$43.30B
EPS$7.24
P/E Ratio34.58
Revenue$11.18B
Gross Profit$4.01B
Net Income$1.25B
Employees31,000
WSO170,517,190
Phone(412) 825-1000
Websitehttps://www.wabteccorp.com
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Analysis
Share Price Chart
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Wabtec Inc., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Returns By Period
Wabtec Inc. (WAB) has returned 18.86% so far this year and 61.82% over the past 12 months. Looking at the last ten years, WAB has achieved an annualized return of 12.23%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
WAB
1M-1.76%
6M26.29%
YTD18.86%
1Y61.82%
5Y25.99%
10Y12.23%
Benchmark (SPY)
1M-3.85%
6M-2.35%
YTD-4.36%
1Y34.06%
5Y9.80%
10Y12.23%
Monthly Returns
The table below presents the monthly returns of Wabtec Inc. (WAB) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.73% | 15.02% | -4.93% | 0.61% | ||||||||
| 2025 | 8.54% | -9.01% | -3.07% | 2.49% | 9.36% | 3.60% | -7.79% | 2.64% | 5.23% | 2.71% | 2.56% | 3.01% |
| 2024 | 4.42% | 6.81% | 2.98% | 10.64% | 5.25% | -7.03% | 1.19% | 5.36% | 7.71% | 3.46% | 6.63% | -5.65% |
| 2023 | 3.34% | 0.68% | -3.12% | -3.20% | -5.30% | 18.03% | 8.24% | -4.93% | -6.43% | 0.18% | 9.94% | 7.74% |
| 2022 | -4.06% | 4.50% | 3.97% | -7.41% | 4.78% | -13.11% | 13.74% | -5.16% | -6.79% | 12.82% | 8.41% | -2.13% |
| 2021 | 1.03% | -3.79% | 8.10% | 3.18% | -0.36% | -1.43% | 2.22% | 4.74% | -4.14% | 4.19% | -2.61% | 1.41% |
| 2020 | -6.01% | -7.55% | -30.07% | 22.81% | 10.00% | -5.50% | 7.34% | 6.60% | -7.02% | -4.42% | 21.26% | -2.14% |
| 2019 | 0.17% | 6.05% | 1.32% | -0.08% | -15.19% | 15.09% | 7.14% | -11.01% | 5.43% | -3.95% | 12.55% | -1.26% |
| 2018 | -0.83% | 0.91% | 0.07% | 9.43% | 10.33% | 0.02% | 12.42% | -1.30% | -3.36% | -22.44% | 15.39% | -27.20% |
| 2017 | 3.16% | -8.13% | -2.38% | 7.45% | -2.98% | 11.10% | -18.09% | -6.34% | 7.08% | 0.90% | -0.13% | 5.93% |
| 2016 | 5.59% | -6.50% | -8.60% | -2.44% | 11.79% | 6.80% | -4.79% | 8.54% | -2.64% |
Performance Indicators
The charts below present risk-adjusted performance metrics for Wabtec Inc. (WAB) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of WAB compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current Wabtec Inc. volatility is 1.96%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
Income Statement
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 22.07B | 18.99B | 18.52B | 18.45B | 18.45B | 18.94B | 8.65B | 6.58B | 6.58B | 3.30B | 3.30B | 2.82B | 2.35B | 2.16B |
| Equity Attributable To Parent (USD) | 11.14B | 10.49B | 10.10B | 10.20B | 10.12B | 9.96B | 2.87B | 2.81B | 2.21B | 1.70B | 1.81B | 1.59B | 1.28B | 1.05B |
| Equity Attributable To Noncontrolling Interest (USD) | 48.00M | 37.00M | 45.00M | 38.00M | 30.40M | 37.10M | 3.94M | 19.66M | 770.85M | 1.73M | 1.06M | 1.91M | 5.19M | 2.46M |
| Equity (USD) | 11.19B | 10.52B | 10.15B | 10.24B | 10.15B | 9.99B | 2.87B | 2.83B | 2.98B | 1.70B | 1.81B | 1.59B | 1.28B | 1.05B |
| Other Non-current Liabilities (USD) | 188.00M | 339.00M | 900.00M | 1.25B | 836.10M | 1.26B | - | - | - | - | - | - | 198.57M | 174.05M |
| Long-term Debt (USD) | 5.54B | 4.07B | 4.00B | 4.06B | 4.24B | 4.43B | - | - | - | - | - | - | 317.90M | 395.87M |
| Noncurrent Liabilities (USD) | 5.73B | 4.41B | 4.90B | 5.31B | 5.08B | 5.69B | 4.13B | 2.18B | 394.59M | 934.22M | 756.74M | 655.43M | 516.47M | 569.92M |
| Other Current Liabilities (USD) | 3.26B | 2.47B | 1.87B | 1.56B | 2.07B | 1.76B | 884.06M | 856.60M | 771.10M | 275.36M | 268.10M | 195.68M | 251.24M | 248.17M |
| Wages (USD) | 490.00M | 341.00M | 300.00M | 335.00M | 242.30M | 343.80M | 173.18M | 164.21M | 145.32M | 69.89M | 70.86M | 57.06M | 53.22M | 48.56M |
| Accounts Payable (USD) | 1.40B | 1.25B | 1.30B | 1.01B | 909.40M | 1.16B | 589.45M | 552.53M | 530.21M | 319.53M | 399.85M | 326.67M | 248.59M | 244.65M |
| Current Liabilities (USD) | 5.15B | 4.06B | 3.47B | 2.91B | 3.23B | 3.26B | 1.65B | 1.57B | 1.45B | 664.78M | 738.80M | 579.40M | 553.06M | 541.39M |
| Liabilities (USD) | 10.88B | 8.46B | 8.37B | 8.22B | 8.30B | 8.95B | 5.78B | 3.75B | 3.60B | 1.60B | 1.50B | 1.23B | 1.07B | 1.11B |
| Other Non-current Assets (USD) | 10.92B | 9.44B | 9.36B | 9.42B | 9.10B | 8.99B | 2.51B | 2.54B | 2.14B | 894.16M | 904.06M | 827.19M | 706.20M | 623.79M |
| Intangible Assets (USD) | 3.84B | 3.21B | 3.40B | 3.71B | 3.87B | 4.10B | 1.13B | 1.20B | 1.05B | 440.53M | 422.81M | 385.68M | 308.32M | 257.36M |
| Fixed Assets (USD) | 1.62B | 1.49B | 1.43B | 1.50B | 1.60B | 1.66B | 563.74M | 573.97M | 518.38M | 353.19M | 339.11M | 276.08M | 244.09M | 222.02M |
| Noncurrent Assets (USD) | 16.38B | 14.13B | 14.19B | 14.62B | 14.57B | 14.75B | 4.20B | 4.31B | 3.71B | 1.69B | 1.67B | 1.49B | 1.26B | 1.10B |
| Other Current Assets (USD) | 2.95B | 2.57B | 2.29B | 2.14B | 2.24B | 755.10M | 2.46B | 355.69M | 1.27B | 1.13B | 1.13B | 929.82M | 685.90M | 707.61M |
| Inventory (USD) | 2.75B | 2.28B | 2.03B | 1.69B | 1.64B | 1.77B | 844.89M | 742.63M | 658.51M | 478.57M | 510.95M | 403.23M | 407.04M | 348.17M |
| Accounts Receivable (USD) | - | - | - | - | - | 1.66B | 1.15B | 1.17B | 942.51M | - | - | - | - | - |
| Current Assets (USD) | 5.69B | 4.86B | 4.33B | 3.83B | 3.88B | 4.19B | 4.45B | 2.27B | 2.87B | 1.61B | 1.64B | 1.33B | 1.09B | 1.06B |
| Assets (USD) | 22.07B | 18.99B | 18.52B | 18.45B | 18.45B | 18.94B | 8.65B | 6.58B | 6.58B | 3.30B | 3.30B | 2.82B | 2.35B | 2.16B |
News and Insights
Union Pacific and Westinghouse Air Brake Technologies signed a $1.2 billion deal to modernize over 1,700 AC4400 locomotives, the largest in rail industry history. Deliveries begin in 2027 with production at WAB's U.S. facilities. The upgrades are expected to reduce fuel consumption by 5%, boost tractive effort by 14%, and improve reliability by 80%. Both stocks surged on the announcement despite Union Pacific's recent subpar earnings results.
The global rolling stock market is projected to grow from USD 56.36 billion in 2025 to USD 82.61 billion by 2031 at a CAGR of 6.58%, driven by government infrastructure investments, urbanization, and adoption of sustainable train technologies. However, rising protectionism and local content mandates restrict international market access, with only 59% of the global rail market open to foreign suppliers. Key trends include predictive maintenance through IoT integration and autonomous train operations.
Financial experts discussed stock picks on CNBC's 'Halftime Report Final Trades', highlighting Kimberly-Clark, Thermo Fisher Scientific, Westinghouse Air Brake Technologies, and Berkshire Hathaway as potential investment opportunities.
Westinghouse Air Brake Technologies reported Q2 2025 earnings with adjusted EPS of $2.27, beating estimates, but revenue missed expectations. The Transit segment showed strong growth, while Freight segment faced supply chain challenges. Management raised full-year guidance and remains focused on margin management and strategic acquisitions.
Wabtec announced an all-cash acquisition of Frauscher Sensor Technology Group for 675 million euros to expand digital rail infrastructure capabilities and strengthen international presence, with expected financial benefits and revenue growth.
Why Wabtec Stock Is Up Todaypositive
Wabtec, a locomotive manufacturer, beat quarterly earnings expectations and provided a more optimistic outlook for the full year. The company's international revenue and growing global fleet helped boost results, and its strategy to focus on recurring servicing revenue appears to be paying off.
Westinghouse Air Brake Technologies (WAB) reported Q4 2024 earnings that fell short of analysts' expectations, with adjusted EPS of $1.68 missing the forecast of $1.73. However, the company experienced a 2.3% increase in sales and reported solid margins and cash flows, reinforcing its strong market positioning.
The connected rail market is expected to grow to $162.8 billion by 2033, driven by advancements in IoT, AI, and 5G, as well as rising demand for efficient and sustainable transportation solutions. Key factors include government investments in smart infrastructure and the push for reduced carbon emissions.
The global hydrogen fuel cell train market is projected to reach $3.45 billion by 2030, growing at a CAGR of 11.5%. The market is driven by increasing environmental concerns and the growing efficiency of hydrogen-powered vehicles. Key players in the market include Alstom, TWI, Hyundai, Talgo, Siemens Mobility, CRRC, WABTEC, and Stadler Rail.