Westinghouse Air Brake Technologies (WAB)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $47.6B, Westinghouse Air Brake Technologies's free cash flow of $1.5B (fiscal 2025) would need to grow about 11% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Westinghouse Air Brake Technologies's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from WAB's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Westinghouse Air Brake Technologies's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $7.8B | $8.4B | $9.7B | $10.4B | $11.2B |
| Net income | $558M | $633M | $815M | $1.1B | $1.2B |
| Free cash flow | $943M | $889M | $1.0B | $1.6B | $1.5B |
| EPS (diluted) | $2.96 | $3.46 | $4.53 | $6.04 | $6.83 |
| Operating margin | 11.2% | 12.1% | 13.1% | 15.5% | 16.1% |
Where the revenue comes from
Revenue by segments, fiscal 2025.
Superinvestors who own WAB
From each investor's latest 13F filing (what a 13F shows). 5 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Added | $370M | 0.13% | Q2 2026 |
| Tom Steyer Farallon Capital Management LLC |
Trimmed | $241M | 1.1% | Q2 2026 |
| Steven Romick First Pacific Advisors |
Trimmed | $51M | 0.64% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $16M | 0.04% | Q2 2026 |
| Stanley Druckenmiller Duquesne Family Office |
Trimmed | $15M | 0.29% | Q2 2026 |
Insider buying
Open-market purchases by Westinghouse Air Brake Technologies's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Apr 7, 2026 | Rick Larsen |
0 | $255.96 | — |
| Apr 7, 2026 | Rick Larsen |
0 | $255.96 | — |
| Apr 7, 2026 | Rick Larsen |
0 | $255.96 | — |
Get an alert at your buy price
Pick the price you'd be interested at. We'll email you when WAB trades at or below it.
Free accounts get 3 price alerts. No card needed.
In the full deep dive
Questions
What growth does Westinghouse Air Brake Technologies's stock price imply?
At a market value of $47.6B, Westinghouse Air Brake Technologies would need its free cash flow to grow about 11% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 16% a year.
Are Westinghouse Air Brake Technologies insiders buying the stock?
3 open-market insider purchases of WAB in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Westinghouse Air Brake Technologies?
5 of the superinvestors Investingly tracks hold WAB in their latest 13F, including Cliff Asness, Tom Steyer, Steven Romick.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.