Filing Flows › Westinghouse Air Brake Technologies (WAB) › Q4 2025
Westinghouse Air Brake Technologies (WAB) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 13, 2026
Westinghouse Air Brake Technologies (WAB) reported revenue of $3.0B for the fourth quarter 2025 (Q4 2025), +15% from a year earlier and +3% from the quarter before. Operating margin was 12.0%, net earnings $202M (6.8% of revenue).
Westinghouse Air Brake Technologies, Q4 2025: revenue $3.0B (+15% year over year), operating margin 12.0%, net earnings $202M, operating cash flow $992M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | +3% | +15% |
| Gross profit | $966M | -4% | +21% |
| Operating profit | $356M | -27% | +7% |
| Net earnings | $202M | -35% | -5% |
| Operating cash flow | $992M | +170% | +37% |
| Free cash flow | $870M | +179% | +36% |
What changed
Revenue was $3.0B in Q4 2025, up 15% year over year and up 3% from the previous quarter. Product was the largest line at 83% of revenue.
Gross margin was 32.6%, up 1.7 points from a year earlier. Operating profit was $0.36B, a 12.0% margin (down 0.9 points year over year). Of the extra revenue versus a year earlier, 6% reached operating profit, below the 13% margin then. Operating expenses grew 32% against revenue growth of 15%. The fastest-growing cost line was SG&A (+38%). Net earnings were $0.20B, down 5% year over year. The effective tax rate was 29.9%.
Operating cash flow was $1.0B (up 37% year over year), 486% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.63B. Capital expenditures of $0.12B left free cash flow of $0.87B.
Questions
What was Westinghouse Air Brake Technologies' revenue in the fourth quarter 2025?
Westinghouse Air Brake Technologies (WAB) reported revenue of $3.0B for the fourth quarter 2025 (Q4 2025), +15% from a year earlier and +3% from the quarter before.
Was Westinghouse Air Brake Technologies profitable in the fourth quarter 2025?
Operating profit was $356M (12.0% of revenue) and net earnings $202M.
Source: Westinghouse Air Brake Technologies 10-K on SEC EDGAR.