InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$286.82

2026-10-16

Market Cap

$48.4B

Volume

0.7M

52-Wk High

$306.64

52-Wk Low

$186.06

Trailing PE

38.5

P/S

4.04

Gross Margin

34.3%

Net Margin

10.6%

ROE

11%

ROIC

8%

Piotroski

6/9

Altman Z

3.5

1-Yr Return

+48.2%

5-Yr Return

+337.7%

Westinghouse Air Brake Technologies Corporation (WAB) delivers a comprehensive suite of advanced technological solutions, equipment, and services tailored for the global freight railway and urban mass transit sectors. Its operations are bifurcated into two principal divisions: Freight and Transit. The Freight segment develops, produces, and maintains critical components for both newly manufactured and operational freight carriages and locomotives. This includes constructing brand-new commuter-focused locomotives, undertaking comprehensive rebuilding of freight locomotives, and delivering sophisticated railway electronic systems, positive train control (PTC) technology, signal design expertise, and related engineering provisions. This segment also furnishes essential heat exchange and cooling apparatus. Its clientele encompasses major publicly listed railway operators, equipment leasing firms, original equipment manufacturers (OEMs) of locomotives and freight cars, and various utility companies. The Transit segment is responsible for the production and upkeep of components utilized in both new and existing passenger conveyance systems, including regional and high-speed trains, subway cars, light-rail vehicles, and buses. This division also renovates subway cars and supplies HVAC (heating, ventilation, and air conditioning) systems, alongside doors for both buses and subways. This division caters to public transit agencies, municipal governments, leasing corporations, and manufacturers specializing in subway cars and buses. Beyond these core offerings, the company's extensive product portfolio further includes advanced electronically controlled pneumatic braking systems, various railway electronic devices, robust freight car undercarriages, crucial draft gears, couplers, and slack adjusters, as well as air compression and drying units. They also offer diverse heat exchange and cooling solutions, track and switch apparatus, and comprehensive railway braking components. WAB manufactures new switcher locomotives, friction products, and provides extensive overhaul, modernization, and refurbishment services for both transit and freight locomotives and cars. Additionally, their offerings extend to platform screen doors, pantographs, window assemblies, specialized couplers, accessibility lifts and ramps for public transport vehicles, and traction motors. Established in 1869, the company maintains its corporate headquarters in Pittsburgh, Pennsylvania.

SectorIndustrialsIndustryRailroadsExchangeNYSEMarket Cap$48.4BEmployees31,000 (SEC-filed)CEORafael Ottoni SantanaIPO1995-06-16CountryUS

30 Isabella Street, Pittsburgh, PA 15212 · Tel 412 825 1000 · wabteccorp.com

INSIDERSTREET SCORE66 / 100Street mean $341.25 (4 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALROUTINE SELLING — LOW SIGNAL$30M sold / 6 mo, zero open-market buys

1 Year vs S&P 500 · WAB +48.2% · S&P 500 +15.9% · spread +32.4pp

7 Years vs S&P 500 · WAB +337.7% · S&P 500 +189.9% · spread +147.8pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

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INSIDERSTREET
SCORE66of 100

Score Breakdown

Profitability	47/100
Growth	57/100
Momentum	84/100
Quality	75/100
Earnings Quality	75/100
Balance Sheet	53/100
Value	44/100
Risk (safety)	80/100
Overall	66.1/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
NSC	59
CSX	66
UNP	67
ROK	72
ERJ	39
DAL	41
WAB	66

IS Score Trend — quarterly

14 quarters, 23 Q1 to 26 Q2. Peak 71 in 24 Q1, latest 66 — -5 since. Fell in 1 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

BUSINESS QUALITY66 / 100IS Score 66.1 / 100 · -5.0 from peak of 71

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTURELEAN BULLISHTechnical Score 56 / 100 · Power +12 · 15 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

Both readings sit above the midpoint — business quality at 66 and price structure at 56 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.

Trigger	Where it stands now	What it would mean
IS Score reaches 75 and holds two consecutive quarters	now 66.1	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 60 → 61 → 62 → 66	the direction matters more than the level
Technical vote share back above 50%	now 55%	price structure no longer broken
Institutional holder count rises two quarters running	peak 1,196 → now 1,196	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

Site Convergence Score3 of 4top 4% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)1 buys2026-05-01

Insider Buys (180d)0none disclosed

ETF Funds (30d)991 up / 865 downnet +126 funds

Institutions Added (13F)33managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 1,196 · latest 1,196 (+0 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	1,196	157.8M	$40.1B	93.1%
2026 Q1	1,163	156.4M	$36.6B	92.2%
2025 Q4	1,127	158.0M	$31.6B	93.2%
2025 Q3	1,091	156.2M	$29.6B	92.2%
2025 Q2	1,123	157.3M	$31.2B	92.8%
2025 Q1	1,044	157.9M	$27.1B	93.2%
2024 Q4	1,067	158.4M	$28.5B	93.5%
2024 Q3	983	155.8M	$26.9B	91.9%
2024 Q2	983	160.1M	$23.7B	94.5%
2024 Q1	929	162.0M	$22.2B	95.6%
2023 Q4	887	163.3M	$19.6B	96.4%
2023 Q3	820	164.3M	$16.5B	97.0%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Santana Rafael	director, President and CEO	2026-10-06	SELL	259	$0.08M	115,896
Santana Rafael	director, President and CEO	2026-10-06	SELL	345	$0.10M	115,551
Santana Rafael	director, President and CEO	2026-10-06	SELL	261	$0.08M	115,290
Santana Rafael	director, President and CEO	2026-10-06	SELL	222	$0.07M	115,068
Santana Rafael	director, President and CEO	2026-10-05	SELL	42	$0.01M	117,200
Santana Rafael	director, President and CEO	2026-10-05	SELL	36	$0.01M	117,164
Santana Rafael	director, President and CEO	2026-10-05	SELL	33	$0.01M	117,131
Santana Rafael	director, President and CEO	2026-10-05	SELL	278	$0.08M	116,853

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	87	111,741	$30.5M	Counted
M — Exercises (paired A/D)	3	4,678	—	None — mechanics
F — Tax withholding	13	35,202	$9.3M	None — compensation
P — Open-market purchases	0	0	$0	Counted — none occurred

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalRoutine Selling — Low Signal

Open-Market Sells$30.5M87 txns / 6 mo

Open-Market Buys$0.0M0 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2026-09-01	Rafael Santana	6,531	$1.8M
2026-08-21	Rogerio Guimaraes Mendonca	2,910	$0.9M
2026-08-20	Michael E Fetsko	3,250	$1.0M
2026-08-17	Sbrocco Gregory	952	$0.3M
Trailing 12 mo	29 filings	182,656	$46M

Filed	Form	Reporting person	% of class	Shares
2026-08-06	SCHEDULE 13G/A	Abigail P. Johnson	12.70%	21.6M sh
2026-05-06	SCHEDULE 13G/A	Abigail P. Johnson	11.60%	19.7M sh
2026-04-30	SCHEDULE 13G	Vanguard Capital Management	7.47%	12.8M sh
2026-03-27	SCHEDULE 13G/A	The Vanguard Group	—	exit/reporting change

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Member	Chamber	Trade	Size band	Traded	Disclosed
April Delaney	House	SELL	$100,001 - $250,000	2026-08-25	2026-09-10
April McClain Delaney	House	SELL	$100,001 - $250,000	2026-08-25	2026-09-10
April Delaney	House	SELL	$15,001 - $50,000	2026-08-03	2026-09-10
Tommy Tuberville	Senate	SELL	$1,001 - $15,000	2026-06-09	2026-07-16
Thomas Hawley Tuberville	Senate	SELL	$1,001 - $15,000	2026-06-09	2026-07-16
Markwayne Mullin	Senate	SELL	$15,001 - $50,000	2025-09-23	2025-10-01

House 12-Mo37 trades4 purchases

Senate 12-Mo11 trades0 purchases

CoverageSTOCK Act filings30-45 day disclosure lag

13F Filers (last complete Q)1,163

13F Shares156M92.2% of shares out

New / Closed156 / 98positions, QoQ

Increased / Reduced387 / 374positions, QoQ

Put/Call (13F)1.33option positions

Free Float99.3%168M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Vontobel Holding Ltd.	416,286	$120M
Border To Coast Pensions Partnersh	256,466	$74M
Assenagon Asset Management S.A.	186,556	$54M
Addenda Capital Inc.	98,682	$28M
Boston Common Asset Management, Ll	74,922	$22M
Td Waterhouse Canada Inc.	72,573	$21M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.1%	$1.5B
VSMPX	0.1%	$1.5B
VTI	0.1%	$1.5B
VTSAX	0.1%	$1.5B
VOO	0.1%	$1.3B
VFINX	0.1%	$1.3B

13F Filers Holding WAB — quarterly

Institutional Put/Call — quarterly

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Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session53.9%2026-10-15

20-Day Avg51.1%50-day 57.7%

TrendFalling20d vs 50d

By Market CenterQ: 53% · N: 67% · B: 82%latest session

Weekly Notional ($B)

Where WAB Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Ubsa Ubs Ats	0.9M	41 sh
Incr Intelligent Cross Llc	0.8M	34 sh
Sgmt Sigma X2	0.6M	29 sh
Mspl Ms Pool (Ats-4)	0.5M	130 sh
Mstx Ms Trajectory Cross (Ats-1)	0.4M	17 sh
Mlix Instinct X	0.4M	47 sh

Where a dollar of Westinghouse Air Brake Technologies Corporation revenue goes. All values FY2025 filings, live.

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Region	Revenue	Share
UNITED STATES	$5.4B	50%
INDIA	$699M	6%
Other Europe	$663M	6%
CANADA	$555M	5%
South America	$513M	5%
Australia and New Zealand	$453M	4%
Kazakhstan, Russia and CIS	$431M	4%
FRANCE	$419M	4%
GERMANY	$379M	3%
UNITED KINGDOM	$313M	3%
Other Asia and Middle East	$300M	3%
CHINA	$297M	3%
MEXICO	$270M	2%
ITALY	$182M	2%

WAB (live moat model)Peer median: NSC · CSX · UNP · ROK · ERJ

Component scores from the live moat model. Peer median illustrative.

Moat score 68/100 — Narrow; primary source Switching Costs.

3.8 · Employees (SEC filings)

Officer	Title
Rafael O. Santana	Chairman & CEO
John A. Olin	Executive Vice President & Chief Financial Officer
Pascal Schweitzer	President of Transit
Eric Gebhardt	Executive Vice President & Chief Technology Officer

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

Quarterly EPS — Actual vs. Consensus

Beats (>2%)3 of 6recent quarters

Avg Surprise+3.2%

Next Report2026-10-21

Income Quality1.57OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Profit Margins (%)

Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY21	FY22	FY23	FY24	FY25
Revenue	+3.5%	+6.9%	+15.7%	+7.3%	+7.5%
Gross profit	+10.9%	+7.2%	+15.9%	+14.3%	+4.4%
Operating income	+17.6%	+15.4%	+25.2%	+27.1%	+16.2%
Net income	+34.8%	+13.4%	+28.8%	+29.6%	+10.8%

$B · FY ends	FY21	FY22	FY23	FY24	FY25
Revenue	7.8	8.4	9.7	10.4	11.2
Cost of revenue	5.5	5.8	6.7	7.0	7.7
Gross profit	2.4	2.5	2.9	3.4	3.5
R&D expense	0.2	0.2	0.2	0.2	0.2
SG&A expense	1.0	1.0	1.1	1.2	1.4
Operating income	0.9	1.0	1.3	1.6	1.9
EBITDA	1.4	1.5	1.8	2.1	2.4
D&A	0.4	0.4	0.5	0.5	0.5
Pretax income	0.7	0.9	1.1	1.4	1.6
Income tax	0.2	0.2	0.3	0.3	0.4
Net income	0.6	0.6	0.8	1.1	1.2
Diluted EPS ($)	2.96	3.46	4.54	6.04	6.83
Diluted shares (M)	188	183	180	175	171

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Operating CF$2B

CapEx$0B

Free cash flow$1B

SBC$0B

Buybacks$0B

Net cash change$0B

Balance Sheet — Full

$B	FY22	FY23	FY24	FY25
Cash & equivalents	0.5	0.6	0.7	0.8
ST investments	0.0	0.0	0.0	0.0
Receivables (net)	1.5	1.7	1.7	1.9
Total current assets	4.3	4.9	4.9	5.7
PP&E (net)	1.4	1.5	1.4	1.6
Goodwill + intangibles	11.9	12.0	11.6	14.1
Total assets	18.5	19.0	18.7	22.1
Accounts payable	1.3	1.2	1.3	1.4
Short-term debt	0.3	0.8	0.5	1.2
Deferred revenue	0.8	0.8	0.7	1.0
Total current liabilities	3.5	4.1	3.8	5.2
Long-term debt	3.8	3.3	3.5	4.3
Total liabilities	8.4	8.5	8.6	10.9
Shareholders' equity	10.1	10.5	10.1	11.2

Cash Flow Statement — Full

$B	FY22	FY23	FY24	FY25
Net income	0.6	0.8	1.1	1.2
D&A	0.4	0.5	0.5	0.5
Stock-based compensation	0.0	0.0	0.1	0.1
Working capital change	(0.1)	(0.1)	0.2	0.0
Operating cash flow	1.0	1.2	1.8	1.8
Capital expenditures	(0.1)	(0.2)	(0.2)	(0.3)
Investing cash flow	(0.2)	(0.5)	(0.3)	(2.7)
Buybacks	(0.5)	(0.4)	(1.1)	(0.2)
Dividends paid	(0.1)	(0.1)	(0.1)	(0.2)
Debt issuance / (repay)	(0.0)	0.0	(0.1)	1.5
Financing cash flow	(0.7)	(0.6)	(1.4)	1.0
Free cash flow	0.9	1.0	1.6	1.5

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
PROFITABILITY
ROE	5.5%	6.2%	7.9%	10.3%	11.0%	11%
ROA	3.0%	3.4%	4.3%	5.6%	5.7%	5.5%
ROIC	4.9%	5.6%	6.9%	8.9%	8.5%	7.6%
Gross margin	30.3%	30.4%	30.4%	32.4%	31.5%	34.3%
Operating margin	11.2%	12.1%	13.1%	15.5%	16.7%	16.5%
Net margin	7.1%	7.6%	8.4%	10.2%	10.5%	10.6%
EBITDA margin	17.3%	17.5%	18.5%	19.9%	21.2%	20.6%
FCF margin	12.1%	10.6%	10.5%	15.7%	14.7%	—
VALUATION
P/E	30.07	28.28	27.56	30.73	31.20	38.5
P/B	1.65	1.77	2.14	3.22	3.28	4.3
P/S	2.15	2.14	2.32	3.12	3.27	4.04
P/FCF	17.80	20.14	22.13	19.94	22.30	26.2
EV/EBITDA	15.04	14.57	14.50	17.40	17.80	22.2
EV/Revenue	2.60	2.55	2.68	3.47	3.69	4.6
Earnings yield	3.3%	3.5%	3.6%	3.3%	3.2%	2.61%
FCF yield	5.6%	5.0%	4.5%	5.0%	4.5%	3.82%

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
LEVERAGE & SOLVENCY
Current ratio	1.32	1.25	1.20	1.30	1.11	1.12
Quick ratio	0.74	0.66	0.63	0.69	0.57	0.59
Debt / equity	0.40	0.40	0.39	0.42	0.50	0.62
Debt / assets	22.0%	21.6%	21.4%	22.9%	25.1%	30.0%
Net debt / EBITDA	2.65	2.36	1.93	1.73	2.05	2.54
Interest coverage	5.16	5.59	6.01	8.01	8.08	—

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
EFFICIENCY
Asset turnover	0.42	0.45	0.52	0.55	0.55	0.52
Receivables turnover	7.62	8.12	9.07	8.99	7.33	5.5
DSO (days)	48	45	40	41	50	66
DPO (days)	64	73	69	66	66	66
Cash conversion cycle	95	89	88	94	108	132
GROWTH (YoY)
Revenue growth	3.5%	6.9%	15.7%	7.3%	7.5%	—
Net income growth	34.7%	13.4%	28.8%	29.6%	10.8%	—
EPS growth	37.0%	16.0%	31.3%	34.7%	11.4%	—
FCF growth	45.7%	-5.7%	14.2%	60.3%	0.6%	—
PER SHARE ($)
EPS (diluted, TTM)	2.99	3.47	4.56	6.14	6.84	7.49
Book value / share	54.70	55.40	58.65	58.67	65.16	66.34
Revenue / share	41.94	45.86	54.12	60.39	65.30	70.68
FCF / share	5.06	4.88	5.68	9.46	9.57	10.93
Cash / share	2.54	2.97	3.47	4.10	4.61	3.95
SHAREHOLDER RETURN & SCORES
Buyback yield	1.8%	2.6%	1.8%	3.4%	0.2%	0.84%
Altman Z-Score	2.18	2.32	2.77	3.65	3.07	3.5
Piotroski F-Score	9	7	8	8	5	6/9
Beneish M-Score	-2.69	-2.49	-2.52	-2.70	-2.46	-2.49

Model	Score	Zone	Note
Piotroski F-Score	6 / 9	Middling
Altman Z-Score	3.5	Safe (>2.99)	Safe
Income quality	1.57	Cash-backed	OCF ÷ net income
Beneish M-Score	-2.49	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.75
Interest burden	0.88
Operating margin	16.2%
Asset turnover	0.55×
Financial leverage	1.97×
= ROE	12%

Growth Quality (live)	Value
Revenue stability	0.97
Earnings stability	0.97
Earnings persistence	0.96
Revenue CAGR 3y	10.1%
EPS CAGR 3y	25.4%
FCF CAGR 3y	51.3%

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Buyback Yield0.84%

Dividend Yield0.41%

Total Shareholder Return1.26%cash yield

SBC / Revenue0.3%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
NSC	$73.4B	27.9	17%	21.2%	+3.0%	7/9	+13.8%
CSX	$90.2B	28.1	24%	25.5%	+2.5%	9/9	+35.8%
UNP	$171.7B	23.4	40%	29.0%	+4.2%	8/9	+29.7%
ROK	$47.4B	39.9	35%	17.6%	+11.3%	9/9	+22.9%
ERJ	$47.4B	56.8	9%	5.7%	+19.9%	6/9	—
DAL	$49.6B	15.0	16%	3.7%	+14.1%	7/9	—
TRI	$47.2B	29.1	14%	22.9%	+7.0%	6/9	—
FIX	$50.6B	35.4	55%	13.5%	+46.1%	9/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Buy

34 Analysts

Str Sell (0)Sell (1)Hold (12)Buy (21)Str Buy (0)

Mean Target (qtr)$341.254 targets

Target vs. Price+19.0%last-quarter mean

Next Report2026-10-21street $2.73

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$12.55B	$12.58B / $12.54B	$10.87	$10.91 / $10.78	7
FY2027	$13.45B	$13.55B / $13.33B	$12.48	$12.97 / $11.94	7
FY2028	$14.26B	$14.54B / $13.96B	$14.13	$15.35 / $13.08	4

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Quarter	$341.25	+19.0%	4
Last Year	$297.19	+3.6%	16
All Time	$229.41	-20.0%	29

Rolling mean of published targets vs. last close $286.82. Aggregated from StreetInsider, Pulse 2.0, Benzinga.

Third-Party Composite Rating

B+

DCF

4/5

ROE

4/5

ROA

4/5

Debt/Eq

2/5

P/E

2/5

P/B

2/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

WAB +48.2% vs S&P 500 +15.9% — spread +32.4pp

Sector — XLI +10.7%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$287.73	-0.91	-0.32%	Below
SMA 50	$288.41	-1.59	-0.55%	Below
SMA 200	$264.89	+21.93	+8.28%	Above
EMA 9	$286.58	+0.24	+0.08%	Above
EMA 21	$286.61	+0.21	+0.07%	Above
EMA 50	$285.56	+1.26	+0.44%	Above
EMA 200	$264.23	+22.59	+8.55%	Above

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

TECHNICAL VERDICTLEAN BULLISHPower Score +1215 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%44

Momentum 25%80

Volume 20%69

Volatility 10%17

Patterns 15%50

This Week55% bullishof 11 price-based votes

4 Weeks Ago27%+28 pts since

12 Weeks Ago100%-45 pts since

ReadImprovingweek-over-week trajectory

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Price vs SMA 20$287.73

Price vs SMA 50$288.41

Price vs SMA 200$264.89

EMA 9/21 Cross286.6/286.6

SMA 50/200Golden

ADX DirectionADX 16

Supertrend$295

Parabolic SAR$275

SMA Slope0.320

RSI50.1

Stochastic K/D60/59

StochRSI K/D55/51

Williams %R-41

CCI13

TSI vs Signal-0.1

CMO0.2

ROC-0.30%

OBV SignalDistrib

Chaikin MF0.160

MFI53

Force Index0M

Elder Ray Bull5.28

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 59

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$286.08 / $290.16 / $292.56	S1 / S2	$283.68 / $279.60
Bollinger (20,2)	$281.38 – $294.08	Squeeze	ON
52-wk range	$185.84 – $306.64	Off 52-wk high	-6.5%
ATR (14)	$6.26 (2.2%)	Historical vol	18.9%

-0.8%Jan55%

+1.4%Feb60%

+1.8%Mar57%

+6.8%Apr75%

+0.3%May55%

+0.2%Jun45%

+2.2%Jul70%

+0.9%Aug50%

-0.4%Sep45%

+1.4%Oct65%

+4.3%Nov75%

+1.1%Dec70%

Sample: 20 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	WAB	S&P 500
Weekly volatility (σ, 1y)	3.15%	1.83%
Best / worst week (1y)	+11.7% / -6.9%	—
Max drawdown (5y, monthly)	-48.4%	—
1-week VaR (95%)	-4.5%	—
Beta (5y)	0.92	1.00

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WAB EQUITY WEATHER (LIVE)CLOUDY · -5

Trend-20

Momentum+5

Volume+38

Volatility-30

Breadth-32

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 184 stories, weekly buckets, −1 to +1.

Overall-4.7+13.6 vs industry

Trend-20.0+2.5 vs industry

Momentum+5.5+15.9 vs industry

Volume+38.2+36.7 vs industry

Reading	WAB	Railroads n=169	Industrials n=9,922	All US symbols n=70,435
Overall	-4.7	-18.3	-24.1	-20.5
Trend	-20.0	-22.6	-26.2	-21.3
Momentum	+5.5	-10.5	-24.5	-15.8
Volume	+38.2	+1.5	-22.6	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
Rafael Santana President and Chief Executive	$26.2M	95% equity+incentive
John Olin Executive Vice President and Chief	$6.1M	86% equity+incentive
Pascal Schweitzer President, Transit	$4.5M	79% equity+incentive
David L. DeNinno Executive Vice President, G	$4.5M	83% equity+incentive
Eric Gebhardt Executive Vice President and C	$3.8M	78% equity+incentive

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Pillar (live disclosure scores)	Score
Environmental	46
Social	51
Governance	68
Composite ESG	55

Composite ESG Trend

Filed	8-K contents	Items
2026-10-01	Financial Obligation	2.03
2026-07-22	Earnings Release; Regulation FD; Exhibits	2.02,7.01,9.01
2026-05-15	Shareholder Vote	5.07
2026-04-22	Earnings Release; Regulation FD; Exhibits	2.02,7.01,9.01
2026-03-03	Regulation FD Disclosure; Financial Statements and Exhibits	7.01,9.01
2026-02-11	Results of Operations and Financial Condition; Regulation FD Disclosur	2.02,7.01,9.01
2025-10-22	Results of Operations and Financial Condition; Regulation FD Disclosur	2.02,7.01,9.01
2025-07-24	Results of Operations and Financial Condition; Regulation FD Disclosur	2.02,7.01,9.01

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

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Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2020 to 2025
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-07-28 to 2026-04-22
Analyst estimates	dim/forward_estimates	3 rows · 2026-12-31 to 2028-12-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	106 rows · 2000 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-09-02 to 2026-10-06
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	4 rows · 2026-03-27 to 2026-08-06
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.