Westinghouse Air Brake Technologies Corporation (WAB) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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WAB Revenue Growth
Revenue Breakdown (FY 2025)
WAB's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
WAB Revenue Analysis (2014–2025)
As of May 9, 2026, Westinghouse Air Brake Technologies Corporation (WAB) generated trailing twelve-month (TTM) revenue of $11.51 billion, reflecting strong growth of +13.0% year-over-year. The most recent quarter (Q1 2026) recorded $2.95 billion in revenue, down 0.5% sequentially.
Looking at the longer-term picture, WAB's 5-year compound annual growth rate (CAGR) stands at +8.1%, indicating steady revenue expansion. The company achieved its highest annual revenue of $11.17 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows WAB's business is primarily driven by Freight Segment (72%), and Transit Segment (28%). With over half of revenue concentrated in Freight Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including TT (+6.4% YoY), ITT (+16.6% YoY), and RXO (-15.0% YoY), WAB has underperformed the peer group in terms of revenue growth. Compare WAB vs TT →
WAB Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| WABCurrent | $11.5B | +13.0% | +8.1% | 16.7% | |
 TT | $21.3B | +6.4% | +11.4% | 18.6% | |
 ITT | $3.9B | +16.6% | +9.7% | 17.4% | |
 RXO | $5.7B | -15.0% | +11.3% | -0.1% | |
 GNSS | $41M | +91.4% | -1.1% | -41.2% | |
 ALSN | $3.0B | +14.0% | +7.7% | 32.3% |
WAB Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $11.17B | +7.5% | $3.52B | 31.5% | $1.87B | 16.7% |
| 2024 | $10.39B | +7.3% | $3.37B | 32.4% | $1.61B | 15.5% |
| 2023 | $9.68B | +15.7% | $2.94B | 30.4% | $1.27B | 13.1% |
| 2022 | $8.36B | +6.9% | $2.54B | 30.4% | $1.01B | 12.1% |
| 2021 | $7.82B | +3.5% | $2.37B | 30.3% | $876.0M | 11.2% |
| 2020 | $7.56B | -7.9% | $2.14B | 28.3% | $745.0M | 9.9% |
| 2019 | $8.20B | +87.9% | $2.28B | 27.8% | $663.0M | 8.1% |
| 2018 | $4.36B | +12.4% | $1.23B | 28.3% | $473.4M | 10.8% |
| 2017 | $3.88B | +32.4% | $1.07B | 27.4% | $421.1M | 10.8% |
| 2016 | $2.93B | -11.4% | $924.2M | 31.5% | $456.6M | 15.6% |
Full WAB Stock Analysis
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Start ComparisonWAB — Frequently Asked Questions
Quick answers to the most common questions about buying WAB stock.
Is WAB's revenue growth accelerating or slowing?
WAB maintains +13.0% revenue growth, in line with its 5-year CAGR of +8.1%. TTM revenue stands at $11.5B. Growth rate remains consistent with historical average.
What is WAB's long-term revenue growth rate?
Westinghouse Air Brake Technologies Corporation's 5-year revenue CAGR of +8.1% reflects the sustained expansion pattern. Current YoY growth of +13.0% is near this long-term average.
How is WAB's revenue distributed by segment?
WAB reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.