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Stocks/Industrials/Construction Machinery & Heavy Transportation Equipment

WabtecWAB

Construction Machinery & Heavy Transportation Equipment · Pittsburgh, Pennsylvania · In the S&P 500
Solid business
$279.60−2.09%After hours: $279.60 (0.00%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 38.7% over 1 year
Wabtec over 1 yearDaily close, $, to 30 Oct 2026
$200$250$300Nov2026MarMayJulSep$279.60$200$250$300NovMarJul$279.60
Source: Nasdaq daily closes
Market value$46.92B
Price to earnings34.7x
Forward P/E24.2x
Dividend yield0.44%
Year to date+31.0%
One year+38.7%
Next earningsNot scheduled
SectorIndustrials
52-week range (closes)
$196.14$305.79

Quality and valuation

How Wabtec compares with other industrials stocks. A description, not a recommendation.

Wabtec and 7 construction machinery & heavy transportation equipment peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: in line with its sector

An average business among industrials companies, priced about in line with them.

Wabtec trades at 24.2 times the next 12 months of expected earnings, against a median of 21.4x for the 89 industrials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +13.2% vs +8.2%
  • Keeps less of each sale (gross margin): 35.6% vs 38.1%
  • Less profitable (operating margin): 17.2% vs 17.5%
  • Turns more of its sales into cash: 14.6% vs 13.1%
WAB trades at 24.2x forward earnings, above the sector medianForward p/e, Construction Machinery & Heavy Transportation Equipment peers
LMT20.6xCAT21.6xUNP22.3xWAB24.2xRTX26.8xDE32.3xGE35.7xGEV40.8xSector median 21.4xLMT20.6xCAT21.6xUNP22.3xWAB24.2xRTX26.8xDE32.3xGE35.7xGEV40.8xSector median 21.4x
Source: CNBC quotes; Mostly Markets
At 34.7x earnings, WAB is pricier than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
30x40xAverage 33.5x2025202634.7x30x40xAverage 33.5x2025202634.7x
Source: Nasdaq prices; SEC filings

Financials

From Wabtec's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 8.1% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$1bn$2bn$3bnQ4 ’24Q2 ’25Q4 ’25$3.1bnQ3 ’26$0bn$2bnQ4 ’24Q2 ’25Q4 ’25$3.1bnQ3 ’26
Source: SEC filings
Growth slowed to +8.1% last quarterRevenue growth, year on year, %
0%5%10%15%Q4 ’24Q2 ’25Q4 ’258.1%Q3 ’260%10%Q4 ’24Q2 ’25Q4 ’258.1%Q3 ’26
Source: SEC filings
Operating margin was 20.0% last quarterOperating income as a share of revenue, %
0%5%10%15%20%Q4 ’24Q2 ’25Q4 ’2520.0%Q3 ’260%10%20%Q4 ’24Q2 ’25Q4 ’2520.0%Q3 ’26
Source: SEC filings
Free cash flow was $1.8 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
$0m$250m$500m$750mQ4 ’24Q2 ’25Q4 ’25$381mQ3 ’26$0m$500mQ4 ’24Q2 ’25Q4 ’25$381mQ3 ’26
Source: SEC filings
Last 12 monthsWABSector median
Revenue growth+13.2%+8.2%
Gross margin35.6%38.1%
Operating margin17.2%17.5%
Free cash flow margin14.6%13.1%
Price to earnings34.7x25.8x

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Similar companies

Construction Machinery & Heavy Transportation Equipment, by market value.

CompanyPriceTodayYTDValue
GEGE Aerospace$301.80−3.59%−2.0%$312B
CATCaterpillar$622.75−3.81%+8.7%$286B
RTXRTX$199.80+0.20%+8.9%$270B
GEVGE Vernova$857.87−3.38%+31.3%$227B
DEDeere &$675.48+2.35%+45.1%$182B
UNPUnion Pacific$304.00+0.69%+31.4%$181B
LMTLockheed Martin$636.95−1.03%+31.7%$147B
ETNEaton$369.97−6.03%+16.2%$144B