0001628280-26-008067
SEC filingWestinghouse Air Brake Technologies Corporation (WAB) reported robust financial results for the fiscal year ended December 31, 2025, demonstrating strong operational execution. Total net sales reached $11.17 billion, generating a gross profit of $3.81 billion. The company achieved income from operations of $1.79 billion, reflecting solid profitability. Net income attributable to Wabtec shareholders stood at $1.17 billion, translating to earnings per share of $7.00 on a diluted basis. Operationally, the firm generated $1.76 billion in net cash from operating activities. Significant strategic moves included $2.52 billion in business acquisitions and $223 million in share repurchases, signaling confidence in long-term value creation. The balance sheet remains substantial with total assets of $22.07 billion and total shareholders’ equity of $11.14 billion. While specific prior year figures were not provided in the source data for comparison, the absolute figures indicate a period of profitable growth and active capital deployment.
For the fiscal year ended December 31, 2025, Westinghouse Air Brake Technologies Corporation reported total net sales of $11.17 billion. The cost of sales was $7.36 billion, resulting in a gross profit of $3.81 billion. Operating expenses totaled $2.01 billion, which included $1.49 billion in selling, general and administrative expenses, $223.0 million in engineering expenses, and $300.0 million in amortization expense. Consequently, income from operations was reported at $1.79 billion. After accounting for $225.0 million in net interest expense and $24.0 million in other income, income before income taxes totaled $1.59 billion. The provision for income taxes was $409.0 million. Net income attributable to Wabtec shareholders was $1.17 billion, with diluted earnings per share calculated at $7.00.
The XBRL financial data provided indicates total net sales of $11.17 billion for the fiscal year 2025. However, the source data does not explicitly disclose a breakdown of revenue by specific operating segments, geographic regions, or product versus service categories. Consequently, a detailed analysis of segment performance or geographic mix cannot be provided. The revenue generation supported a gross profit of $3.81 billion, indicating effective management of cost of sales relative to total revenue streams during the period.
The company maintained solid profitability metrics for the fiscal year. The gross margin stood at approximately 34.1%, derived from a gross profit of $3.81 billion on $11.17 billion in sales. The operating margin was approximately 16.0%, calculated from the operating income of $1.79 billion. Significant cost components included $300.0 million in amortization expense and $223.0 million in engineering expenses. Net interest expense of $225.0 million impacted the pre-tax income, resulting in an effective tax rate of roughly 25.7% based on the $409.0 million tax expense on $1.59 billion pre-tax income.
Net cash provided by operating activities was strong at $1.76 billion. After deducting $260.0 million in capital expenditures (purchase of property, plant and equipment), the implied free cash flow was approximately $1.50 billion. The company was active in investing activities, deploying $2.52 billion for acquisitions. Financing activities included $4.71 billion in debt proceeds and $3.22 billion in debt payments, alongside $223.0 million in share repurchases and $173.0 million in dividends. Total assets stood at $22.07 billion, supported by total shareholders’ equity of $11.14 billion. Total debt (current and long-term) amounted to $5.54 billion.
The provided XBRL financial data and document content do not contain specific forward-looking statements, management guidance, or strategic priorities regarding future fiscal years. Therefore, an outlook analysis based on the current filing content cannot be generated. Investors should refer to the complete 10-K filing for Management's Discussion and Analysis (MD&A) regarding future risks and opportunities.