Filing Flows › Westinghouse Air Brake Technologies (WAB) › Q3 2026 › vs Q3 2025
Westinghouse Air Brake Technologies (WAB) Q3 2026 vs Q3 2025 (year over year)
Westinghouse Air Brake Technologies's revenue rose $234M (+8%) from $2.9B in Q3 2025 to $3.1B in Q3 2026. The biggest changes: Goods +$202M (+8%); Services +$32.0M (+7%). Gross margin 37.3% against 34.7% (+2.6 pts).
Westinghouse Air Brake Technologies, Q3 2026: revenue $3.1B (+8% year over year), operating margin 20.0%, net earnings $409M, operating cash flow $455M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 37.3% | 34.7% | +2.6 pts |
| Operating margin | 20.0% | 17.0% | +3.0 pts |
| Net margin | 13.1% | 10.7% | +2.4 pts |
| Free cash flow margin | 12.2% | 10.8% | +1.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Goods | $2.6B | $2.4B | $202M | +8% |
| Services | $493M | $461M | $32.0M | +7% |
| Revenue | $3.1B | $2.9B | $234M | +8% |
| Gross profit | $1.2B | $1.0B | $162M | +16% |
| Cost of revenue | $2.0B | $1.9B | $72.0M | +4% |
| Operating profit | $625M | $491M | $134M | +27% |
| Operating expenses | $539M | $511M | $28.0M | +5% |
| Pre-tax earnings | $557M | $425M | $132M | +31% |
| Other expense, net | $68.0M | $66.0M | $2.0M | +3% |
| Research & development | $67.0M | $59.0M | $8.0M | +14% |
| SG&A | $383M | $375M | $8.0M | +2% |
| Other operating costs | $89.0M | $77.0M | $12.0M | +16% |
| Net earnings | $409M | $310M | $99.0M | +32% |
| Minority interests | $2.0M | $3.0M | −$1.0M | -33% |
| Income tax | $146M | $112M | $34.0M | +30% |
| Depreciation & amortization | $142M | $128M | $14.0M | +11% |
| Share-based compensation | $25.0M | $22.0M | $3.0M | +14% |
| Working capital & other | $121M | $93.0M | $28.0M | +30% |
| Operating cash flow | $455M | $367M | $88.0M | +24% |
| Free cash flow (OCF − capex) | $381M | $312M | $69.0M | +22% |
| Capital expenditures | $74.0M | $55.0M | $19.0M | +35% |
Questions
How much did Westinghouse Air Brake Technologies's revenue grow year over year in Q3 2026?
Westinghouse Air Brake Technologies's revenue rose $234M (+8%) from $2.9B in Q3 2025 to $3.1B in Q3 2026.
What drove Westinghouse Air Brake Technologies's revenue change in Q3 2026?
Goods +$202M (+8%); Services +$32.0M (+7%).