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Wabtec WAB

Wabtec scores average on business quality (5.5 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$285.43Oct 9, 2026
Business qualityAverage
Next earningsOct 21, 2026, before the open
Insiders, 90 daysSelling

Why it matters

  1. What Wabtec does

    Westinghouse Air Brake Technologies builds equipment, components, and digital solutions for freight and transit rail globally. Freight and transit operators pay for these systems to keep rolling stock moving safely. The company is leaning into earnings expansion ahead of its third quarter 2026 release date, focusing on core rail technology.

  2. What it does best

    Wabtec dominates locomotive manufacturing and digital positive train control systems, converting $1,714M in free cash flow. This edge rests on entrenched rail fleets where switching equipment creates massive operational downtime.

  3. The main risk

    Net debt climbed to $4,752M, leaving the balance sheet exposed to higher borrowing costs if rail freight volumes cycle downward.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityFair

Operating margin of 17.2% and an ROE of 11.4% reflect solid execution, landing operating margin in the 59th sector percentile as profitability scales with revenue.

MoatFair

High switching costs lock in freight operators who rely on Wabtec's proprietary parts. Gross margin of 35.1% sits in the middle of the sector pack at the 41st percentile.

GrowthSteady

Revenue reached $11,980M, marking steady multi-year expansion from $7,556M in 2020 as demand for rail equipment holds up.

Financial healthFair

Debt-to-equity sits at 0.5x alongside $789M in cash, backed by $1,714M in free cash flow: financial health is stable.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

5 sold $5.1M outside pre-planned sales.

Our sealed record on WAB

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is WAB a good business?

Wabtec scores average on the Cluenex quality check (5.5 of 10), measured against its own industry. Profitability is fair, moat fair, growth steady and financial health fair.

Are insiders buying WAB?

In the last 90 days of SEC Form 4 filings: 5 sold $5.1M outside pre-planned sales.

When does WAB report earnings?

Oct 21, 2026, before the open.

For members

See WAB today

  • Today's verdict on WAB, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Wabtec (WAB)”, https://cluenex.com/stocks/wab/, data as of Oct 10, 2026.