WAB

WabtecNYSE · Construction Machinery & Heavy Transportation Equipment · Industrials

Previous close

279.60

Change

−5.96 / −2.09%

FinDog View

Bullish

52-Week Range ?

194.93 – 306.64

P/E (TTM) ?

35.8

Forward P/E ?

24.1

Based on consensus earnings for the next 12 months

Market Cap

$45.7B

−2.64%

S&P 500 −0.91% over same period

Volume / Avg Volume

809K / 1.3M

0.64× average

Latest earnings analysisFY2026 Q3Reported 2026-10-21

Wabtec Q3 FY2026: sales up 8.1%, adjusted EPS $2.83 beats

Wabtec beat on the bottom line and lifted full-year adjusted EPS guidance, with gross margin up 2.6 points to 37.3% and a $31.44 billion backlog. The catch is that roughly half the sales increase came from acquisitions and part of the EPS beat came from currency, not operations. Read the scorecard for what repeatable demand looks like, and the balance sheet for what the deals cost.

Read the full analysis →

Revenue$3.12BYoY +8.10%

EPS (non-GAAP)$2.83Beatest. $2.76

Next-quarter revenue guidance$12.45BAbove estimatesest. $3.25B

Next-day move+1.95%

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 38.41M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q3 Quarter ended 2026-09	2026-10-21	$3.1B	2.83 / 2.76	+1.95%	Read analysis →
FY2026 Q2 Quarter ended 2026-06	2026-07-22	$3.2B	2.76 / 2.63	+2.76%	Read analysis →
FY2026 Q1 Quarter ended 2026-03	2026-04-22	$3.0B	2.71 / 2.53	+3.03%	Pending
FY2025 Q4 Quarter ended 2025-12	2026-02-11	$11.2B	2.10 / 2.10	−0.25%	Pending
FY2025 Q3 Quarter ended 2025-09	2025-10-22	$2.9B	2.32 / 2.29	+1.82%	Pending
FY2025 Q2 Quarter ended 2025-06	2025-07-24	$2.7B	2.27 / —	−1.74%	Pending
FY2025 Q1 Quarter ended 2025-03	2025-04-23	$2.6B	2.28 / —	+1.87%	Pending

Next Earnings

Date and consensus from the earnings calendar; the analysis is generated automatically after the releaseEarnings Calendar →

Report date

2027-02-09

in 100 days · After hours

Consensus EPS

$2.70

Last quarter EPS $2.83

Avg. next-day move over the last 7 reports

±1.9%

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 75 of its 5-year rangeExpensive

5-year range 28.4 – 39.3 · Median 32.0

Last 4 quarters: $837M in buybacks + $201M in dividends, 2.27% of market cap combined

P/E (TTM)

35.8

P/B

4.3

P/S

4.0

Dividend Yield

0.58%

Earnings Reaction

Over the last 7 reports, the stock moved ±1.9% on average on the first trading day after, rising 5 times

Most recent +1.95%

Volatility & Correlation

1-year beta 0.85 · Correlation with S&P 500 0.37Tracks the market

Annualized volatility 28% vs. 12% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

Buy 0 · $0.00MSell 9 · $4.0MNet selling $4.0M

10-06Santana RafaelPresident and CEOSell$0.32M1,087 shares · 4 trades · Avg price 292.72
10-05Santana RafaelPresident and CEOSell$0.32M1,087 shares · 6 trades · Avg price 291.79
09-02Santana RafaelPresident and CEOSell$0.30M1,087 shares · 4 trades · Avg price 280.30
09-01Santana RafaelPresident and CEOSell$0.31M1,096 shares · 4 trades · Avg price 280.08
08-21Mendonca RogerioPresident, Equipment GroupSell$0.87M2,919 shares · 2 trades · Avg price 297.05
08-20Fetsko MichaelPres., Freight Components Grp.Sell$0.95M3,250 shares · 2 trades · Avg price 293.22
08-17Sbrocco GregoryEVP OperationsSell$0.29M952 shares · Avg price 300.00
08-05Santana RafaelPresident and CEOSell$0.35M1,163 shares · 4 trades · Avg price 297.03

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q3	3.12	+8.1%	37.3%	0.63	0.41	0.38	2.42
FY2026 Q2	3.18	+17.5%	36.5%	0.60	0.40	0.38	2.33
FY2026 Q1	2.95	+13.0%	36.0%	0.52	0.36	0.15	2.12
FY2025 Q4	2.97	+14.8%	32.6%	0.36	0.20	0.87	1.18
FY2025 Q3	2.89	+8.4%	34.7%	0.49	0.31	0.31	1.81
FY2025 Q2	2.71	+2.3%	34.7%	0.47	0.34	0.17	1.96
FY2025 Q1	2.61	+4.5%	34.5%	0.47	0.32	0.15	1.88
FY2024 Q4	2.58	+2.3%	30.9%	0.33	0.21	0.64	1.24
FY2024 Q3	2.66	+4.4%	33.0%	0.43	0.28	0.50	1.63
FY2024 Q2	2.64	+9.8%	33.1%	0.43	0.29	0.19	1.64
FY2024 Q1	2.50	+13.8%	32.6%	0.41	0.27	0.30	1.53
FY2023 Q4	2.53	+9.5%	30.2%	0.31	0.22	0.61	1.21

Peers

Largest by market cap in the sector · Latest quarterView Industrials sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
WAB	Wabtec	$45.7B	35.8	+8.1%	37.3%	−2.64%	Bullish
SPCX	SpaceX	$1.85T	—	+161.4%	62.4%	−10.70%	Bullish	Compare
CAT	Caterpillar Inc.	$288B	26.8	+24.0%	37.8%	−23.19%	Bullish	Compare
GE	GE Aerospace	$313B	35.1	+15.9%	—	−3.36%	Bullish	Compare
RTX	RTX Corporation	$271B	32.0	+11.1%	—	+7.62%	Bullish	Compare
GEV	GE Vernova	$227B	22.8	+26.8%	24.6%	−9.74%	Bullish	Compare
UNP	Union Pacific Corporation	$181B	23.6	+15.3%	—	+11.71%	Bullish	Compare
DE	Deere & Company	$182B	36.7	+4.9%	—	+0.59%	Bullish	Compare
ETN	Eaton Corporation	$144B	38.6	+21.4%	33.5%	−13.90%	Bullish	Compare

The View in One Line

Revenue up 8.1% and EPS of $2.83 beat, gross margin rose to 37.3%, backlog grew 22.9% and guidance was raised; lower cash and soft Q4 EPS need watching.

Updated 2026-10-30

View History

09-17Neutral → Bullish
Revenue +17.5%, EPS $2.76 beat, gross margin +1.8pp, backlog +41.7% to $30.9B, guidance raised; watch M&A and interest costs.

Notable Institutional Holders

Renaissance Technologies$29.0M
Citadel Advisors · Ken Griffin$26.6MAdded +94%
Bridgewater Associates · Ray Dalio$3.2M
Duquesne Family Office · Stanley Druckenmiller$15,258Reduced −40%

As of 2026-03-31

ETFs holding it

XLI Industrial Select Sector SPDR Fund0.89%
MTUM iShares MSCI USA Momentum Factor ETF0.27%
RSP Invesco S&P 500 Equal Weight ETF0.21%
VTV Vanguard Value ETF0.17%
VOO Vanguard S&P 500 ETF0.07%
IVV iShares Core S&P 500 ETF0.07%
SPY SPDR S&P 500 ETF Trust0.07%
VTI Vanguard Total Stock Market ETF0.07%

Weights estimated at latest prices

Key Events

10-01Capital Actions
Wabtec Establishes $2 Billion Commercial Paper Program
On October 1, 2026, Wabtec established a commercial paper program to issue up to $2 billion in short-term unsecured notes, guaranteed by subsidiaries.Source ↗
05-15Governance
Wabtec Annual Shareholder Meeting Passes Three Proposals
At the May 12, 2026 shareholder meeting, Rafael Santana, Lee C. Banks and Byron S. Foster were elected as directors, executive compensation was approved, and Ernst & Young was reappointed as auditor.Source ↗

Key Financial Trends

Quarterly Revenue ($B)3.1

Gross Margin37.3%

Free Cash Flow ($B)0.4