Westinghouse Air Brake Technologies Corporation income statement & cash flow
In the fiscal year ended Dec 31, 2025, Westinghouse Air Brake Technologies Corporation reported net income of $1.17B on revenue of $11.17B. Operating cash flow was $1.76B and capital expenditures were $260.00M, leaving $1.50B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.93B | $3.88B | $4.36B | $8.20B | $7.56B | $7.82B | $8.36B | $9.68B | $10.39B | $11.17B |
| Gross profit | $924.24M | $1.07B | $1.23B | $2.28B | $2.14B | $2.37B | $2.54B | $2.94B | $3.37B | $3.81B |
| Operating income | $456.61M | $421.10M | $473.40M | $663.00M | $745.00M | $876.00M | $1.01B | $1.27B | $1.61B | $1.79B |
| Net income | $304.89M | $262.30M | $294.90M | $327.00M | $414.00M | $558.00M | $633.00M | $815.00M | $1.06B | $1.17B |
| Diluted EPS | $3.34 | $2.72 | $3.05 | $1.84 | $2.17 | $2.96 | $3.46 | $4.53 | $6.04 | $6.83 |
| Operating cash flow | $450.53M | $188.80M | $314.70M | $1.02B | $784.00M | $1.07B | $1.04B | $1.20B | $1.83B | $1.76B |
| Capital expenditures | $50.22M | $89.50M | $93.30M | $186.00M | $136.00M | $130.00M | $149.00M | $186.00M | $207.00M | $260.00M |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | 34.1% | 16.1% | 10.5% |
| Dec 2024 | 32.4% | 15.5% | 10.2% |
| Dec 2023 | 30.4% | 13.1% | 8.4% |
| Dec 2022 | 30.4% | 12.1% | 7.6% |
| Dec 2021 | 30.3% | 11.2% | 7.1% |
Source: SEC EDGAR XBRL company facts for CIK 943452 (raw data). Most recent filing in this dataset: 10-Q filed Oct 21, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.