Filing Flows › Westinghouse Air Brake Technologies (WAB) › Q2 2025
Westinghouse Air Brake Technologies (WAB) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
Westinghouse Air Brake Technologies (WAB) reported revenue of $2.7B for the second quarter 2025 (Q2 2025), +2% from a year earlier and +4% from the quarter before. Operating margin was 17.4%, net earnings $336M (12.4% of revenue).
Westinghouse Air Brake Technologies, Q2 2025: revenue $2.7B (+2% year over year), operating margin 17.4%, net earnings $336M, operating cash flow $209M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | +4% | +2% |
| Gross profit | $938M | +4% | +7% |
| Operating profit | $472M | -0.4% | +10% |
| Net earnings | $336M | +4% | +16% |
| Operating cash flow | $209M | +9% | -11% |
| Free cash flow | $170M | +16% | -10% |
What changed
Revenue was $2.7B in Q2 2025, up 2% year over year and up 4% from the previous quarter. Goods was the largest line at 82% of revenue. Goods added $0.08B year over year (up 4%), 131% of the total change. Services declined 4%.
Gross margin was 34.7%, up 1.6 points from a year earlier. Operating profit was $0.47B, a 17.4% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 68% reached operating profit, above the 16% margin then. Operating expenses grew 5% against revenue growth of 2%. Net earnings were $0.34B, up 16% year over year. The effective tax rate was 24.7%.
Operating cash flow was $0.21B (down 11% year over year), 62% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.27B. Capital expenditures of $0.04B left free cash flow of $0.17B.
Questions
What was Westinghouse Air Brake Technologies' revenue in the second quarter 2025?
Westinghouse Air Brake Technologies (WAB) reported revenue of $2.7B for the second quarter 2025 (Q2 2025), +2% from a year earlier and +4% from the quarter before.
Was Westinghouse Air Brake Technologies profitable in the second quarter 2025?
Operating profit was $472M (17.4% of revenue) and net earnings $336M.
Source: Westinghouse Air Brake Technologies 10-Q on SEC EDGAR.