Wabtec Inc. (WAB)

NYSE: WAB · Railroad Equipment · Pittsburgh, PA · filing with the SEC since 1996

Grade7.0

◀ Past 7.8● Present 7.3▶ Future 5.9

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 13, 2026	Feb 12, 2025	Feb 14, 2024	Feb 15, 2023	Feb 17, 2022	Feb 19, 2021	Feb 24, 2020	Feb 27, 2019	Feb 26, 2018	Feb 28, 2017
Revenue	11,167,000	10,387,000	9,677,000	8,362,000	7,822,000	7,556,000^r	8,200,000	4,363,500^r	3,881,700^r	2,931,188
For lenders
Net interest income	·	·	-218,000	-186,000	-177,000	-199,000^r	-219,000^r	-112,200^r	-77,900^r	-50,298^r
Cost of revenue	7,361,000	7,021,000	6,733,000	5,822,000	5,453,000	5,419,000	5,922,000	3,129,600^r	2,816,400^r	2,006,949
Gross profit	3,806,000	3,366,000	2,944,000	2,540,000	2,369,000	2,137,000^r	2,278,000	1,233,900^r	1,065,300^r	924,239
Research and development	223,000	206,000	218,000	209,000	176,000	162,000^r	210,000^r	87,500^r	95,200^r	71,375
Selling, general and administrative	1,490,000	1,248,000	1,139,000	1,029,000	1,030,000	948,000^r	1,167,000^r	633,200^r	512,500^r	373,559^r
Total operating expenses	2,013,000	1,757,000	1,678,000	1,529,000	1,493,000	1,392,000^r	1,615,000^r	760,500^r	644,200^r	467,632^r
Operating income	1,793,000	1,609,000	1,266,000	1,011,000	876,000	745,000^r	663,000^r	473,400^r	421,100^r	456,607^r
Interest expense	225,000	201,000	218,000	186,000	·	·	·	·	·	·
Share of profit of equity-method investments	2,000	8,000	25,000	17,000	20,000	10,000^r	8,000^r	1,900^r	2,600^r	409^r
Other income (expense), net	-2,000	2,000	32,000	-1,000	1,000	-1,000^r	-1,000^r	1,200^r	3,100^r	629^r
Total non-operating income (expense)	24,000	2,000	44,000	29,000	38,000	11,000^r	3,000^r	6,400^r	8,900^r	6,528^r
Income before income taxes	1,592,000	1,410,000	1,092,000	854,000	737,000	557,000^r	447,000^r	367,600^r	352,100^r	412,837
Income tax expense	409,000	343,000	267,000	213,000	172,000	145,000^r	120,000^r	75,900^r	89,800^r	99,433
Net income including non-controlling interests	1,183,000	1,067,000	825,000	641,000	565,000	412,000^r	327,000^r	291,700^r	262,300^r	313,404
Net income to non-controlling interests	13,000	11,000	10,000	8,000	7,000	-2,000^r	0^r	-3,200^r	0^r	8,517
Net income	1,170,000	1,056,000	815,000	633,000	558,000	414,000^r	327,000^r	294,900^r	262,300^r	304,887
Net income to common shareholders	1,167,000	1,053,000	813,000	631,000	556,000	413,000	325,000	·	·	·
Earnings per share, basic	6.84	6.05	4.54	3.46	2.96	2.18	1.91	3.06	2.74	3.37
Earnings per share, diluted	6.83	6.04	4.53	3.46	2.96	2.17	1.84	3.05	2.72	3.34
Weighted average shares, basic	170,500	174,100	178,800	182,200	187,700	189,900	170,500	96,000^r	95,500^r	90,359
Weighted average shares, diluted	171,100	174,800	179,500	182,800	188,100	190,400	177,300	96,500^r	96,100^r	91,141

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 2-for-1 split of May 2013.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:SalesRevenueNet

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpenseNonoperating

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton WAB · research, not advice