Last 48 quarters of trend data · Industrials · Railroads
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Westinghouse Air Brake Technologies Corporation's quarterly P/E stands at 29.5x, up 22.2% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 37.9% YoY to 20.3x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 40.09 | 29.47 | 45.22 | 27.69 | 26.70 | 24.12 | 38.53 | 27.88 | 24.09 | 23.80 | 26.44 | 19.83 | 25.87 |
| — | +22.2% | +17.4% | -0.7% | +10.8% | +1.3% | +45.8% | +40.6% | -6.9% | -11.4% | -7.8% | -14.2% | +14.7% | |
| P/S Ratio | 4.16 | 3.62 | 3.08 | 2.97 | 3.31 | 2.98 | 3.16 | 2.97 | 2.63 | 2.58 | 2.25 | 1.87 | 2.04 |
| — | +21.5% | -2.5% | +0.1% | +25.9% | +15.1% | +40.5% | +59.1% | +28.7% | +24.3% | +13.8% | +5.0% | +11.8% | |
| P/B Ratio | 4.19 | 3.81 | 3.25 | 3.08 | 3.30 | 2.98 | 3.22 | 3.08 | 2.64 | 2.46 | 2.16 | 1.84 | 1.92 |
| — | +27.7% | +0.9% | +0.2% | +25.0% | +21.4% | +49.3% | +67.4% | +37.4% | +36.5% | +20.2% | +23.2% | +27.8% | |
| P/FCF | 31.00 | 69.71 | 10.49 | 19.07 | 52.71 | 52.83 | 12.76 | 15.95 | 36.79 | 21.30 | 9.31 | 12.33 | 63.88 |
| — | +31.9% | -17.8% | +19.5% | +43.2% | +148.0% | +37.0% | +29.3% | -42.4% | — | -29.8% | -42.7% | +297.7% | |
| EV / EBITDA | 21.61 | 20.30 | 20.61 | 15.24 | 16.96 | 14.72 | 19.85 | 15.86 | 14.56 | 13.92 | 14.43 | 11.78 | 14.07 |
| — | +37.9% | +3.8% | -3.9% | +16.4% | +5.7% | +37.6% | +34.6% | +3.5% | -2.1% | -6.0% | -6.1% | +11.2% | |
| EV / EBIT | 27.40 | 24.82 | 28.12 | 19.94 | 19.73 | 18.21 | 26.62 | 20.50 | 17.99 | 17.79 | 19.51 | 14.94 | 18.87 |
| — | +36.3% | +5.6% | -2.7% | +9.7% | +2.4% | +36.5% | +37.2% | -4.7% | -9.1% | -6.0% | -13.8% | +9.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Westinghouse Air Brake Technologies Corporation's operating margin was 17.5% in Q1 2026, up 4.9 pp QoQ and down 0.6 pp YoY. The trailing four-quarter average of 16.1% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 4.3% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.5% | 36.0% | 30.0% | 34.7% | 34.7% | 34.5% | 30.9% | 33.0% | 33.1% | 32.6% | 30.2% | 31.1% | 30.0% |
| — | +4.3% | -2.8% | +5.1% | +4.9% | +5.6% | +2.0% | +6.4% | +10.0% | +7.7% | +7.0% | -0.3% | -4.6% | |
| Operating Margin | 16.7% | 17.5% | 12.6% | 17.0% | 17.4% | 18.2% | 12.9% | 16.3% | 16.3% | 16.5% | 12.2% | 14.5% | 13.0% |
| — | -3.5% | -2.7% | +4.6% | +7.3% | +10.1% | +6.0% | +12.1% | +25.5% | +31.2% | +13.8% | +15.7% | +0.6% | |
| Net Margin | 10.5% | 12.3% | 6.8% | 10.7% | 12.4% | 12.3% | 8.2% | 10.6% | 10.9% | 10.9% | 8.5% | 9.4% | 7.9% |
| — | -0.5% | -17.0% | +1.1% | +13.6% | +13.3% | -3.6% | +12.9% | +37.7% | +41.4% | +24.2% | +22.4% | -2.1% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.0% | 3.2% | 1.8% | 2.8% | 3.2% | 3.1% | 2.1% | 2.7% | 2.7% | 2.6% | 2.1% | 2.3% | 1.9% |
| — | +3.0% | -13.0% | +3.7% | +15.0% | +21.2% | +0.9% | +16.7% | +46.5% | +55.2% | +30.7% | +44.7% | +13.2% | |
| ROA | 5.7% | 1.6% | 0.9% | 1.5% | 1.7% | 1.7% | 1.1% | 1.5% | 1.5% | 1.4% | 1.1% | 1.3% | 1.0% |
| — | -6.1% | -18.4% | -1.9% | +10.8% | +18.2% | -0.2% | +18.8% | +51.4% | +58.6% | +32.4% | +45.3% | +12.4% | |
| ROIC | 9.6% | 2.3% | 1.7% | 2.5% | 2.5% | 2.6% | 1.8% | 2.3% | 2.3% | 2.2% | 1.6% | 2.0% | 1.7% |
| — | -13.7% | -6.4% | +5.1% | +9.5% | +18.0% | +11.2% | +18.9% | +39.5% | +47.4% | +20.7% | +36.1% | +15.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Westinghouse Air Brake Technologies Corporation's Debt/EBITDA ratio is 11.5x, down from 12.3x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 23.5% YoY to 1.02x, tightening the short-term liquidity position. Debt/Equity has risen for 5 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.50 | 0.62 | 0.56 | 0.47 | 0.44 | 0.38 | 0.39 | 0.39 | 0.38 | 0.38 | 0.39 | 0.39 | 0.43 |
| — | +60.5% | +41.5% | +21.5% | +16.1% | +1.0% | +1.6% | -0.0% | -11.5% | -7.3% | -2.0% | -4.9% | +1.3% | |
| Debt / EBITDA | 2.34 | 11.45 | 12.28 | 8.24 | 8.29 | 6.86 | 8.81 | 7.22 | 7.46 | 7.63 | 8.98 | 8.40 | 10.43 |
| — | +66.9% | +39.4% | +14.1% | +11.2% | -10.1% | -2.0% | -14.0% | -28.5% | -29.1% | -20.8% | -24.6% | -8.7% | |
| Current Ratio | 1.11 | 1.02 | 1.11 | 1.42 | 1.76 | 1.34 | 1.30 | 1.30 | 1.38 | 1.52 | 1.20 | 1.19 | 1.12 |
| — | -23.5% | -15.2% | +9.8% | +27.8% | -12.1% | +8.9% | +8.9% | +23.4% | +41.0% | -4.1% | -5.6% | -11.9% | |
| Quick Ratio | 0.57 | 0.54 | 0.57 | 0.75 | 1.05 | 0.73 | 0.69 | 0.65 | 0.73 | 0.77 | 0.63 | 0.61 | 0.56 |
| — | -26.9% | -17.4% | +15.1% | +43.7% | -5.4% | +9.4% | +6.0% | +29.9% | +42.3% | -4.2% | -6.1% | -15.7% | |
| Interest Coverage | 8.31 | 6.96 | 5.49 | 7.54 | 10.78 | 10.26 | 6.36 | 8.27 | 8.86 | 8.72 | 6.09 | 6.33 | 5.71 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying WAB stock.
Westinghouse Air Brake Technologies Corporation's current P/E is 40.1x. The average P/E over the last 4 quarters is 32.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Westinghouse Air Brake Technologies Corporation's current operating margin is 16.7%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Westinghouse Air Brake Technologies Corporation's business trajectory between earnings reports.