Also trades as: WB2.DE (XETRA) · $vol 0M
WAB NYSE
Westinghouse Air Brake Technologies Corporation
1W: -1.6%
1M: -4.6%
3M: -4.4%
YTD: +29.1%
1Y: +41.3%
3Y: +183.0%
5Y: +211.0%
$278.95
+1.28 (+0.46%)
Pre-Market: $278.67 (-0.28, -0.10%)
Weekly Expected Move ±3.4%
$254
$263
$272
$282
$291
Credit Risk of going bust: lower than 83% of companies Debt: 12.6% of company value Bonds: $252.6M held by 248 funds, 76 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $2.80 (down 99%), Westinghouse Air Brake Technologies Corporation would be worth roughly what it owes.
Total debt $6.77B against a stock market value of $47.12B.
Distance to default 10.55 (Merton model): prices to 2026-10-27, balance sheet 2026-09-30, debt counted $4.07B (short-term plus half of long-term), stock volatility 26.1%; Altman Z'' 2.46. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $2.80 (down 99%), Westinghouse Air Brake Technologies Corporation would be worth roughly what it owes.
Total debt $6.77B against a stock market value of $47.12B.
Distance to default 10.55 (Merton model): prices to 2026-10-27, balance sheet 2026-09-30, debt counted $4.07B (short-term plus half of long-term), stock volatility 26.1%; Altman Z'' 2.46. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Cash Flow Trends
Operating Cash Flow
$1.8B
-4.1% ▼
5Y CAGR: +17.6%
Capital Expenditures
$260M
-25.6% ▼
5Y CAGR: +13.8%
Free Cash Flow
$1.5B
-7.9% ▼
5Y CAGR: +18.3%
Dividends Paid
$173M
-23.6% ▼
Buybacks
$223M
+79.7% ▲
Net Change in Cash
$74M
-22.1% ▼
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $565M | $641M | $825M | $1.1B | $1.2B |
| Depreciation & Amort. | $441M | $426M | $477M | $459M | $457M |
| Stock-Based Comp. | $46M | $41M | $47M | $66M | $80M |
| Change in Working Capital | -$63M | -$109M | -$97M | $187M | $7M |
| Other Non-Cash Items | -$4M | $3M | $7M | $4M | $21M |
| Operating Cash Flow | $1.1B | $1.0B | $1.2B | $1.8B | $1.8B |
| — Investing Activities — | |||||
| Capital Expenditures | -$130M | -$149M | -$186M | -$207M | -$260M |
| Acquisitions (Net) | -$435M | -$89M | -$308M | -$149M | -$2.5B |
| Investment Purchases | $0 | $0 | $0 | $0 | $0 |
| Investment Sales | $0 | $0 | $0 | $0 | $0 |
| Other Investing | $25M | $3M | $2M | $13M | $20M |
| Investing Cash Flow | -$540M | -$235M | -$492M | -$343M | -$2.7B |
| — Financing Activities — | |||||
| Net Debt Issuance | -$161M | -$30M | $42M | -$64M | $1.5B |
| Stock Repurchased | -$300M | -$473M | -$409M | -$1.1B | -$223M |
| Dividends Paid | -$92M | -$111M | -$123M | -$140M | -$173M |
| Other Financing | -$100M | -$87M | -$143M | -$70M | -$57M |
| Financing Cash Flow | -$653M | -$708M | -$633M | -$1.4B | $1.0B |
| Net Change in Cash | -$126M | $68M | $79M | $95M | $74M |
| Cash End of Period | $473M | $541M | $620M | $715M | $789M |
| Free Cash Flow | $943M | $889M | $1.0B | $1.6B | $1.5B |