Westinghouse Air Brake Technologies’ Q3 2026 earnings: What to expect
With a market cap of $48.3 billion, Westinghouse Air Brake Technologies Corporation (WAB) is a Pittsburgh, Pennsylvania-based ...
Model output · Signal date 2026-10-16
Westinghouse Air Brake Technologies Corp (WAB) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Rating · 90D
▼ Bearish
Exact rating locked
90-day forecast
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30-day forecast
Alpha
Rank in coverage
Bottom 35%
of 5172 stocks scored
Rank correlation · 90D
29.0%
Spearman, 357 dates
Market Cap
$48.45B
large-cap · #1 of 5 peers
Summary
Westinghouse Air Brake Technologies Corp (WAB) stock forecast summary
Our AI ranks Westinghouse Air Brake Technologies Corp outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Westinghouse Air Brake Technologies Corp is a large-cap company with a market capitalization of $48.45B. It ranks number 1 by market capitalization among the 5 Railroad Equipment issuers in our coverage with a current forecast.
For WAB, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 29.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 20.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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WAB price chart and AI forecast
Cross-section · 2026-10-16
How WAB ranks among 5172 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-06-30
Westinghouse Air Brake Technologies Corp (WAB) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Railroad Equipment peers listed below that report each metric.
Valuation & Market
| Metric | WAB | Rank |
|---|---|---|
| Market Cap | $48.45B | 1/5 |
| P/E Ratio | 38.55x | – |
| P/B Ratio | 4.32x | 2/5 |
| Dividend Yield | 0.40% | – |
| EPS | $7.44 | – |
| Book Value/Share | $66.39 | – |
| Revenue/Share | $70.92 | – |
| FCF/Share | $10.15 | – |
Profitability & Margins
| Metric | WAB | Rank |
|---|---|---|
| ROE | 11.3% | – |
| ROA | 5.5% | – |
| ROIC | 11.1% | – |
| Gross Margin | 35.0% | 2/5 |
| Operating Margin | 16.4% | 2/5 |
| Net Margin | 10.6% | – |
| EBT Margin | 14.2% | 1/5 |
| Tax Rate | 25.1% | – |
Financial Health
| Metric | WAB | Rank |
|---|---|---|
| Current Ratio | 1.12x | – |
| Quick Ratio | 0.59x | – |
| D/E Ratio | 1.06x | 4/5 |
| Financial Leverage | 2.06x | – |
| Interest Coverage | 1.6x | – |
| Working Capital | $654M | – |
Cash Flow
| Metric | WAB | Rank |
|---|---|---|
| Operating Cash Flow | $2.00B | 1/5 |
| Free Cash Flow | $1.71B | – |
| Capital Spending | -$285M | – |
| OCF Growth YoY | 20.1% | – |
| FCF Growth YoY | 18.0% | – |
| FCF/Sales | 14.3% | – |
| CapEx/Sales | 2.4% | – |
Operational Efficiency
| Metric | WAB | Rank |
|---|---|---|
| Asset Turnover | 0.52x | – |
| Receivables Turnover | 7.0x | – |
| Inventory Turnover | 2.7x | 4/5 |
| Fixed Assets Turnover | 7.2x | – |
| Days Sales Outstanding | 52 days | – |
| Days Inventory | 134 days | 2/5 |
| Payables Period | 67 days | – |
| Cash Conversion Cycle | 119 days | – |
Income Statement
| Metric | WAB | Rank |
|---|---|---|
| Total Revenue | $11.98B | – |
| Operating Income | $1.96B | 1/5 |
| Net Income | $1.27B | – |
| R&D Expense | $253M | – |
| SG&A Expense | $1.64B | – |
| Cost of Goods Sold | $7.79B | 1/5 |
Dividend & Shareholder Information
| Metric | WAB | Rank |
|---|---|---|
| Dividends Per Share | $1.14 | – |
| Payout Ratio | 15.3% | – |
| Shares Outstanding | 169M | – |
| Net Income Growth | 10.1% | – |
| EPS Growth | 10.9% | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $6.04B | 26.1% of assets |
| Cash & Short-term Investments | $670M | 2.9% of assets |
| Accounts Receivable | $1.72B | 7.4% of assets |
| Inventory | $2.86B | 12.4% of assets |
| Total Liabilities | $11.88B | 51.4% of assets |
| Short-term Debt | $3.96B | 17.1% of assets |
Quarterly Financial Reports
WAB quarterly financials and insider trading
Industry Peers · Railroad Equipment
Westinghouse Air Brake Technologies Corp (WAB) industry peers
Companies classified under the same SEC industry code as Westinghouse Air Brake Technologies Corp (Railroad Equipment): 5 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
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Manufacturing · Railroad Equipment
News
Westinghouse Air Brake Technologies Corp (WAB) stock news
Westinghouse Air Brake Technologies Corp (WAB) Q1 2026 Earnings Call Highlights: Strong Growth ...
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Westinghouse Air Brake Technologies (WAB) Gets a Hold from J.P. Morgan
In addition to J.P. Morgan, Westinghouse Air Brake Technologies also received a Hold from TipRanks – Anthropic’s Anthropic Railroads in a report issued yesterday. However, on the same day, TipRanks – ...
FAQ
Westinghouse Air Brake Technologies Corp (WAB) stock forecast FAQ
What is the Westinghouse Air Brake Technologies Corp (WAB) stock forecast?
Our AI ranks Westinghouse Air Brake Technologies Corp outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Westinghouse Air Brake Technologies Corp stock predictions?
For WAB, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 29.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 20.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Westinghouse Air Brake Technologies Corp forecasts updated?
Westinghouse Air Brake Technologies Corp forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Westinghouse Air Brake Technologies Corp's industry peers?
5 issuers in our coverage, WAB included, share the SEC industry code Railroad Equipment. The largest are: Trinity Industries Inc (TRN), Greenbrier Companies Inc (GBX), Freightcar America, Inc. (RAIL), Rail Vision Ltd. (RVSN).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.