Filing Flows › Westinghouse Air Brake Technologies (WAB) › How it makes money
How Westinghouse Air Brake Technologies (WAB) makes money
Westinghouse Air Brake Technologies (WAB) made $3.1B of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Goods brought in $2.6B (84%); Services brought in $493M (16%). Of every dollar of revenue, 37¢ was left as gross profit, 20¢ was left as operating profit, 13¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Goods | $2.6B | 84.2% | -2% | +8% |
| Services | $493M | 15.8% | -3% | +7% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $3.1B | 100.0% |
| Cost of revenue | $2.0B | 62.7% |
| Gross profit | $1.2B | 37.3% |
| Operating expenses | $539M | 17.3% |
| Operating profit | $625M | 20.0% |
| Income tax | $146M | 4.7% |
| Net earnings | $409M | 13.1% |
| Operating cash flow | $455M | 14.6% |
| Free cash flow | $381M | 12.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $3.1B | +8% |
| Q2 2026 | $3.2B | +18% |
| Q1 2026 | $3.0B | +13% |
| Q4 2025 | $3.0B | +15% |
| Q3 2025 | $2.9B | +8% |
| Q2 2025 | $2.7B | +2% |
| Q1 2025 | $2.6B | +4% |
From Westinghouse Air Brake Technologies' 10-Q filed Oct 21, 2026 (on EDGAR).
Questions
How does Westinghouse Air Brake Technologies make money?
Westinghouse Air Brake Technologies (WAB) made $3.1B of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Goods brought in $2.6B (84%); Services brought in $493M (16%). Of every dollar of revenue, 37¢ was left as gross profit, 20¢ was left as operating profit, 13¢ was left as net earnings.
What is Westinghouse Air Brake Technologies' biggest business?
Goods: $2.6B in the third quarter 2026, 84% of revenue, +8% from a year earlier.
What is Westinghouse Air Brake Technologies' profit margin?
Net earnings were $409M, 13.1% of revenue, in the third quarter 2026; the operating margin was 20.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.