WAB
Westinghouse Air Brake Technologies Corp Industrials Railroad Equipment S&P 500Russell 3000
$279.60Close
$47.7BMarket cap
$195.46 – $305.4752-week range
Mid-januaryNext report · estimated
Highlights
Strengths
- Earnings growing EPS +34% year on year, faster than the quarter before (+15 pts)
Cautions
- Trend not confirmed 6 of 8 conditions · under the 50-day, RS under 70
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
8%
1wk
up 2.7%
price change
1mo
down 2.6%
price change
12-month return
up 38%
market up 11% ·
its own up 29%
F-score
7 / 9
Strong
Altman Z
3.68
Low risk
P/E
40.8×
price / earnings
PEG
3.09
P/E / EPS growth
P/B
4.3×
price / book
Earnings yield
up 3.5%
EBIT / enterprise value
Cheaper than
46%
of the market · around average
Revenue growth
up 8%
year on year
EPS growth
up 34%
latest quarter · +15 pts
Sales growth
up 8%
latest quarter · -9 pts
ROE
up 11%
return on equity
Free cash margin
up 13%
$1.5B FCF
D/E
0.39
long-term debt / equity
Net debt / EBITDA
1.5×
Interest cover
—EBIT / interest
Piotroski tests
- took on more long-term debt
- short-term liquidity weakened
- profitable on its assets
- generating cash from operations
- profitability improving
- profits backed by cash
- no new shares issued
- gross margin widened
- assets working harder
Repair signals
- Gross margin 32.4% → 34.1%
Trade setup
ATR%
2.6%
$7.24 a day · 2×ATR $265.12
RS
65 / 99
vs the universe
Trend
6 / 8
under the 50-day, RS under 70
Relative volume
0.9×
vs 50-day average
Up/down volume
1.07
50 sessions
Implied move
—
no scheduled report
Trend template · 6 of 8
- Price above the 50-day average: fails
- RS rank 70 or higher: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- No restatement or impairment
- Equity positive
- Interest covered
- No material dilution
- Profits tracking cash
- Margins and revenue not shrinking
Last reported
Oct 21, 2026
Results reaction
Oct 21, 2026-2% vs market2 sessions after results
Options
$16,56023.3% IV · activity
Financials
- Gross 34%
- Net 10%
- Free cash 13%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $7.6B | $7.8B | $8.4B | $9.7B | $10.4B | $11.2B |
| Gross margin | 28% | 30% | 30% | 30% | 32% | 34% |
| Operating income | $745.0M | $876.0M | $1.0B | $1.3B | $1.6B | $1.8B |
| Net income | $414.0M | $558.0M | $633.0M | $815.0M | $1.1B | $1.2B |
| Net margin | 5% | 7% | 8% | 8% | 10% | 10% |
| Earnings per share | $2.17 | $2.97 | $3.46 | $4.54 | $6.04 | $6.84 |
| Free cash flow | $648.0M | $943.0M | $889.0M | $1.0B | $1.6B | $1.5B |
| Free cash margin | 9% | 12% | 11% | 10% | 16% | 13% |
| Cash | $599.0M | $473.0M | $541.0M | $620.0M | $715.0M | $789.0M |
| Long-term debt | $3.8B | $4.1B | $3.8B | $3.3B | $3.5B | $4.3B |
| Shareholders' equity | $10.1B | $10.2B | $10.1B | $10.5B | $10.1B | $11.1B |
| Shares outstanding | 188.90m | 185.80m | 181.20m | 177.80m | 171.30m | 170.60m |
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $267 – $292 ±4.4% by Nov 20, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- Smaller 23.3% priced · 26.4% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- Choppier
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs less
Positioning
- Premium traded
- $16,560 calls $14,412 · puts $2,148 · latest session
- 0.15× -0.54 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls -20 · puts +187 past week
For options traders: ATM IV 23.3% (+0.1% 1w) · 1m ÷ 3m IV 1.05 · 25Δ skew 0.1 pts · Net GEX $507,004
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Oct 21, 2026 | Quarterly ↗ | Sep 30, 2026 | 21d |
| Jul 22, 2026 | Quarterly ↗ | Jun 30, 2026 | 22d |
| Apr 22, 2026 | Quarterly ↗ | Mar 31, 2026 | 22d |
| Feb 13, 2026 | Annual ↗ | Dec 31, 2025 | 44d |
| Oct 22, 2025 | Quarterly ↗ | Sep 30, 2025 | 22d |
| Jul 24, 2025 | Quarterly ↗ | Jun 30, 2025 | 24d |
| Apr 23, 2025 | Quarterly ↗ | Mar 31, 2025 | 23d |
| Feb 12, 2025 | Annual ↗ | Dec 31, 2024 | 43d |
| Oct 23, 2024 | Quarterly ↗ | Sep 30, 2024 | 23d |
| Jul 24, 2024 | Quarterly ↗ | Jun 30, 2024 | 24d |
| Apr 24, 2024 | Quarterly ↗ | Mar 31, 2024 | 24d |
| Feb 14, 2024 | Annual ↗ | Dec 31, 2023 | 45d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 21, 2026 | Results · Regulation FD ↗ |
| Oct 1, 2026 | New obligation ↗ |
| Jul 22, 2026 | Results · Regulation FD ↗ |
| May 15, 2026 | Shareholder vote ↗ |
| Apr 22, 2026 | Results · Regulation FD ↗ |
| Mar 3, 2026 | Regulation FD ↗ |
| Feb 11, 2026 | Results · Regulation FD ↗ |
| Oct 22, 2025 | Results · Regulation FD ↗ |
| Jul 24, 2025 | Results · Regulation FD ↗ |
| Jul 1, 2025 | Regulation FD · Other events ↗ |
| May 29, 2025 | Material agreement · New obligation ↗ |
| May 20, 2025 | Other events ↗ |