WAB Westinghouse Air Brake Technologies Corporation Common Stock
NYSE · Machinery · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 22, 2026
$287.54
· of 52w range
· above low
· to high
$186.0652w low
$306.6452w high
Market Cap (MRQ)
$48.62B
P/E (TTM)
38.6
EPS (TTM)
$7.44
Revenue (TTM)
$11.98B
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52W Range
$186–$307
Analyst Rating
BUY
Price Target
$330
P/E
38.6
ROE
11.5%
Net Profit Margin
10.6%
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WAB Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$287.54
Market Cap (MRQ)
$48.62B
P/E (TTM)
38.6
EPS (TTM)
$7.44
Revenue (TTM)
$11.98B
Div Yield
0.36%
ROE (TTM)
11.5%
Debt/Equity (MRQ)
0.6
52W Range
$186–$307
WAB Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| June 12, 2013 | 2-for-1 | Forward |
About Westinghouse Air Brake Technologies Corporation Common Stock Company overview from Wikipedia
Westinghouse Air Brake Technologies Corporation, commonly known as Wabtec, is an American rail equipment company formed by the merger of the Westinghouse Air Brake Company (WABCO) and MotivePower in 1999. It is headquartered in Pittsburgh, Pennsylvania.
Wabtec manufactures products for locomotives, freight cars and passenger transit vehicles, and builds new locomotives up to 6,000 horsepower (4 MW). It is a Fortune 500 company.
The company purchased GE Transportation on February 25, 2019.
History
The company's origins go back to 1869 with the founding of the Westinghouse Air Brake Company. That company (known as WA&B and later also as WABCO) became independent in 1990 via a management buy-out, and went public in 1995. (Another company, WABCO Vehicle Control Systems, also created from the Westinghouse Brake Company, is independent of Wabtec. It was spun off by American Standard Companies in 2007, and is today part of German automotive components firm ZF Friedrichshafen.)
The other company forming Wabtec, MotivePower, can be traced back to 1972, with the formation of the MK Rail division by Morrison Knudsen and the purchase of a manufacturing facility in Boise. In 1994 Morrison Knudsen created a subsidiary MK Rail Corporation; during the first half of the same decade the MK Rail group expanded with the acquisition of various other locomotive component companies. In 1996, MK Rail group separated from the parent Morrison Knudsen and adopted the name MotivePower Industries Corporation. In the later half of the 1990s additional companies were acquired – again all in the locomotive components business. MotivePower, a wholly owned subsidiary of Wabtec, continues to manufacture locomotives.
The corporate logo is said to represent an axial view of a mechanical brake valve, where different air ports line up between the 'stator' and 'rotor' depending upon the handle position.
On June 10, 2023, United Electrical, Radio and Machine Workers of America workers at Wabtec's Erie, Pennsylvania, plant went on strike. Issues included pay, healthcare benefits, paid time off, prohibitions on grievance strikes, and the number of tier-4 emission rules compliant locomotives built at the Erie plant. The strike ended on August 31 with an agreement that raised the pay of workers.
Mergers and acquisitions
Examples of notable mergers and acquisitions by Wabtec include:
April 1998 - RFS Industries for $10 million, rebranding it to Wabtec Rail UK.
March 2010 - Xorail, railway signaling design and construction company, for $40 million
July 2010 - G&B Specialties, track products manufacturer, for $31.8 million
August 2010 - Bach-Simpson Corporation, locomotive component supplier for $12.0 million
November 2010 - Swiger Coil Systems, Cleveland-based manufacturer of traction motors and electric coils, for approximately $43.0 million
February 2011 - Brush Traction, English locomotive builder and maintainer, for $31 million
November 2011 - Bearward Engineering, English industrial radiator manufacturer
June 2012 - Mors Smitt Holding for $88.4 million
October 2012 - LH Group, diesel engine, transmission and bogie overhaul and industrial locomotive supplier for $48 million
June 2014 - Fandstan Electric Group, rail and industrial equipment manufacturer, comprising the Brecknell Willis, Stemmann Technik and TransTech brands for $199.4 million
June 2015 - Metalocaucho (MTC), producer of suspension and anti-vibration systems for $23.4 million
December 2016 - acquired 51% of Faiveley Transport's shares in a cash-and-stock deal valued at $1.7 billion, including debt
August 2014 - Dia-Frag, manufacturer of friction products including motorcycle braking, for $70.6 million.
October 2015 - Track IQ, lineside sensor manufacturer
March 2018 - ANNAX, a German passenger information systems (PIS) manufacturer
February 2019 - GE Transportation for $11 billion
January 2022 - Masu, New Delhi-based railway friction company, for $34 million
April 2022 - Trimble’s Beena Vision business
June 2022 - Collins Aerospace ARINC rail solutions
June 2023 - L&M Radiator, heat exchanger manufacturer in Hibbing, Minnesota
July 2025 - Evident's Inspection Technologies for $1.78 billion
December 2025 - Frauscher Sensor Technology Group, Schärding, Austria-based manufacturer of railway signalling for $783.9 million
February 2026 - Dellner Couplers for $968 million
Merger with GE Transportation
On April 20, 2018, it was reported that General Electric (GE), undergoing a strategic review, was in talks to sell its century-old locomotive business, GE Transportation, to Wabtec, according to people familiar with the matter. On May 21, 2018, GE and Wabtec confirmed the merger of GE Transportation with Wabtec in an $11 billion deal, completed on February 25, 2019, which saw Wabtec shareholders take a 50.8% shareholding in the merged company, with GE shareholders owning 24.3% and GE itself 24.9%.
Battery electric locomotive
In September 2021, at an event in Pittsburgh, Wabtec unveiled the world’s first battery-electric freight locomotive. It was the result of a joint venture with Carnegie Mellon University, and is part of an initiative by the two organizations to develop zero-emissions technology. Using a traditional locomotive body, the usual diesel engine has been replaced by a large bank of batteries, which drive the traction motors of the locomotive. Regenerative braking is used to help recharge the batteries.
Wabtec claimed that the next version of the locomotive, to be developed within two years, would reduce the consumption of diesel fuel by nearly a third, and that emissions could be entirely eliminated through the development of accompanying hydrogen fuel cells.
The first battery locomotives were for the Roy Hill railway line.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorIndustrials
industryMachinery
employees31,000
countryUS
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$11.17B2021-12-31 → 2025-12-31
EPS$6.832021-12-31 → 2025-12-31
Free Cash Flow$1.50B2021-12-31 → 2025-12-31
Net margin10.6%2021-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | WAB | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 38.6 | · | 27.7 | Overvalued | |
| P/S (TTM) | 4.1 | · | 2.2 | Overvalued | |
| P/B (MRQ) | 4.3 | · | 4.4 | Fair value | |
| Price / FCF (TTM) | 28.4 | · | · | · | |
| Price / Cash Flow (TTM) | 24.3 | · | 15.5 | Pricier | |
| Price / Tangible Book (MRQ) | 6.9 | · | · | · | |
| PEG Ratio | ≈1.5 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | WAB | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 35.0% | · | 29.1% | Top tier | |
| Operating Margin (TTM) | 16.4% | · | 18.4% | Top tier | |
| EBITDA Margin | 16.1% | · | 18.7% | In line | |
| Pretax Margin (TTM) | 14.2% | · | 15.1% | In line | |
| Net Profit Margin (TTM) | 10.6% | · | 11.8% | In line | |
| ROA (TTM) | 5.8% | · | 7.8% | Weak | |
| ROE (TTM) | 11.5% | · | 21.2% | Weak | |
| ROIC | 8.0% | · | 17.2% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | WAB | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.6 | · | 0.6 | In line | |
| Current Ratio (MRQ) | 1.1 | · | 1.8 | Low liquidity | |
| Quick Ratio | 0.3 | · | 0.8 | Low liquidity | |
| Long-Term Debt / Equity (MRQ) | 0.4 | · | 1.0 | Low debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | WAB | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 7.5% | · | · | · | |
| Revenue CAGR 3Y | 10.1% | · | · | · | |
| Revenue CAGR 5Y | 8.1% | · | · | · | |
| EPS YoY | 13.1% | · | · | · | |
| Net Income YoY | 10.8% | · | · | · | |
| EPS CAGR 3Y | 25.4% | · | · | · | |
| EPS CAGR 5Y | 25.8% | · | · | · | |
| Net Income CAGR 3Y | 22.7% | · | · | · | |
| Net Income CAGR 5Y | 23.1% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | WAB | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.5 | · | 0.8 | Weak | |
| Inventory Turnover | 2.9 | · | 3.9 | Weak | |
| Receivables Turnover | 8.7 | · | 8.0 | Top tier | |
| Revenue / Employee | ≈$360.2K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield0.36%
Payout Ratio14.8%
Annualized Payout≈$1.24
5Y Div CAGR≈15.8%
Growth Streak≈4
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Aug 18, 2026 | $0.31 | USD | ≈0.40% |
| May 22, 2026 | $0.31 | USD | ≈0.44% |
| Feb 17, 2026 | $0.31 | USD | ≈0.41% |
| Nov 12, 2025 | $0.25 | USD | ≈0.48% |
| Aug 14, 2025 | $0.25 | USD | ≈0.50% |
| May 27, 2025 | $0.25 | USD | ≈0.44% |
| Feb 21, 2025 | $0.25 | USD | ≈0.46% |
| Nov 13, 2024 | $0.20 | USD | ≈0.40% |
| Aug 14, 2024 | $0.20 | USD | ≈0.49% |
| May 24, 2024 | $0.20 | USD | ≈0.44% |
| Feb 22, 2024 | $0.20 | USD | ≈0.52% |
| Nov 14, 2023 | $0.17 | USD | ≈0.59% |
| Aug 11, 2023 | $0.17 | USD | ≈0.58% |
| May 26, 2023 | $0.17 | USD | ≈0.68% |
| Feb 23, 2023 | $0.17 | USD | ≈0.59% |
| Nov 10, 2022 | $0.15 | USD | ≈0.60% |
| Aug 12, 2022 | $0.15 | USD | ≈0.59% |
| May 19, 2022 | $0.15 | USD | ≈0.62% |
| Feb 24, 2022 | $0.15 | USD | ≈0.55% |
| Nov 12, 2021 | $0.12 | USD | ≈0.49% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
4.6%
Next Report
Oct 20, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 22, 2026 | $2.76 | $2.63 | 4.9% |
| March 31, 2026 | $2.71 | $2.53 | 7.0% | |
| Dec. 31, 2025 | $2.10 | $2.10 | -0.18% | |
| Sept. 30, 2025 | $2.32 | $2.29 | 1.3% | |
| June 30, 2025 | $2.27 | $2.19 | 3.5% | |
| March 31, 2025 | $2.28 | $2.05 | 11.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.17B | $10.39B | $9.68B | $8.36B | $7.82B | $7.56B | $8.20B | $4.36B | $3.88B | $2.93B | $3.31B | $3.04B | |
| Cost of Revenue | $7.36B | $7.02B | $6.73B | $5.82B | $5.45B | $5.42B | $5.92B | $3.13B | $2.82B | $2.01B | $2.26B | $2.11B | |
| Gross Profit | $3.81B | $3.37B | $2.94B | $2.54B | $2.37B | $2.14B | $2.28B | $1.23B | $1.07B | $924M | $1.05B | $936M | |
| R&D Expense | $223M | $206M | $218M | $209M | $176M | $162M | $210M | $88M | $95M | $71M | $71M | $62M | |
| SG&A Expense | $1.49B | $1.25B | $1.14B | $1.03B | $1.03B | $948M | $1.17B | $633M | $512M | $374M | $347M | $325M | |
| Operating Expenses | $2.01B | $1.76B | $1.68B | $1.53B | $1.49B | $1.39B | $1.61B | $760M | $644M | $468M | $440M | $409M | |
| Operating Income | $1.79B | $1.61B | $1.27B | $1.01B | $876M | $745M | $663M | $473M | $421M | $457M | $608M | $527M | |
| Other Non-op | $-2M | $2M | $32M | $-1M | $1M | $-1M | $-1M | $1M | $3M | $629.0K | $-652.0K | $765.0K | |
| Pretax Income | $1.59B | $1.41B | $1.09B | $854M | $737M | $557M | $447M | $368M | $352M | $413M | $585M | $508M | |
| Income Tax | $409M | $343M | $267M | $213M | $172M | $145M | $120M | $76M | $90M | $99M | $187M | $156M | |
| Net Income | $1.17B | $1.06B | $815M | $633M | $558M | $414M | $327M | $295M | $262M | $305M | $399M | $352M | |
| EPS (Basic) | $6.84 | $6.05 | $4.54 | $3.46 | $2.96 | $2.18 | $1.91 | $3.06 | $2.74 | $3.37 | $4.14 | $3.66 | |
| EPS (Diluted) | $6.83 | $6.04 | $4.53 | $3.46 | $2.96 | $2.17 | $1.84 | $3.05 | $2.72 | $3.34 | $4.10 | $3.62 | |
| Shares (Basic) | 170,500,000 | 174,100,000 | 178,800,000 | 182,200,000 | 187,700,000 | 189,900,000 | 170,500,000 | 96,000,000 | 95,500,000 | 90,359,000 | 96,074,000 | 95,781,000 | |
| Shares (Diluted) | 171,100,000 | 174,800,000 | 179,500,000 | 182,800,000 | 188,100,000 | 190,400,000 | 177,300,000 | 96,500,000 | 96,100,000 | 91,141,000 | 97,006,000 | 96,885,000 | |
| EBITDA | $1.79B | $1.61B | $1.27B | $1.01B | $876M | $744M | $663M | $473M | $422M | $458M | $608M | $527M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | $473M | $599M | $604M | $581M | $233M | $1.14B | $226M | $426M | |
| Receivables | $1.41B | $1.15B | $1.16B | $975M | $1.08B | $969M | $1.15B | $801M | $801M | $668M | $495M | $443M | |
| Inventory | $2.75B | $2.31B | $2.28B | $2.03B | $1.69B | $1.64B | $1.77B | $845M | $743M | $659M | $479M | $511M | |
| Other Current Assets | $263M | $212M | $267M | $233M | $193M | $227M | $151M | $116M | $122M | $123M | $34M | $26M | |
| Current Assets | $5.69B | $4.94B | $4.86B | $4.33B | $3.83B | $3.88B | $4.19B | $4.45B | $2.27B | $2.87B | $1.54B | $1.64B | |
| PP&E (Net) | $1.62B | $1.45B | $1.49B | $1.43B | $1.50B | $1.60B | $1.66B | $564M | $574M | $518M | $353M | $339M | |
| PP&E (Gross) | $3.11B | $2.75B | $2.67B | $2.48B | $2.40B | $2.37B | $2.22B | $1.04B | $1.03B | $912M | $717M | $683M | |
| Accum. Depreciation | $1.49B | $1.31B | $1.19B | $1.05B | $906M | $772M | $560M | $473M | $452M | $394M | $364M | $344M | |
| Goodwill | $10.22B | $8.71B | $8.78B | $8.51B | $8.59B | $8.48B | $8.36B | $2.40B | $2.46B | $2.08B | $859M | $862M | |
| Intangibles | $3.84B | $2.93B | $3.21B | $3.40B | $3.71B | $3.87B | $4.10B | $1.13B | $1.20B | $1.05B | $441M | $423M | |
| Other Non-current Assets | $705M | $668M | $663M | $850M | $833M | $619M | $632M | $109M | $76M | $62M | $37M | $42M | |
| Total Assets | $22.07B | $18.70B | $18.99B | $18.52B | $18.45B | $18.45B | $18.94B | $8.65B | $6.58B | $6.58B | $3.23B | $3.30B | |
| Accounts Payable | $1.40B | $1.30B | $1.25B | $1.30B | $1.01B | $909M | $1.16B | $589M | $553M | $530M | $320M | $400M | |
| Current Liabilities | $5.15B | $3.79B | $4.06B | $3.47B | $2.91B | $3.23B | $3.26B | $1.65B | $1.57B | $1.45B | $665M | $739M | |
| Deferred Tax | $606M | $376M | $318M | $326M | $288M | $168M | $145M | $198M | $176M | $246M | $73M | $113M | |
| Other Non-current Liabilities | $832M | $921M | $740M | $721M | $743M | $783M | $809M | $47M | $60M | $23M | $23M | $21M | |
| Total Liabilities | $10.88B | $8.57B | $8.46B | $8.37B | $8.21B | $8.30B | $8.95B | $5.78B | $3.75B | $3.60B | $1.53B | $1.50B | |
| Long-term Debt | $5.54B | $3.98B | $4.07B | $4.00B | $4.06B | $4.24B | $4.43B | $3.86B | · | · | · | · | |
| Total Debt | $5.54B | $3.98B | $4.07B | $4.00B | $4.06B | $4.24B | $4.43B | · | · | · | · | · | |
| Common Stock | $1M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | $1M | $1M | $1M | |
| Retained Earnings | $3.88B | $6.18B | $5.27B | $4.58B | $4.05B | $3.59B | $3.27B | $3.02B | $2.77B | $2.55B | $2.28B | $1.91B | |
| Treasury Stock | $190M | $3.27B | $2.17B | $1.77B | $1.31B | $1.01B | $807M | $816M | $827M | $839M | $775M | $392M | |
| AOCI | $-616M | $-846M | $-590M | $-661M | $-466M | $-339M | $-383M | $-257M | $-45M | $-380M | $-277M | $-159M | |
| Stockholders' Equity | $11.14B | $10.09B | $10.49B | $10.10B | $10.20B | $10.12B | $9.96B | $2.87B | $2.81B | $2.21B | $1.70B | $1.81B | |
| Liabilities + Equity | $22.07B | $18.70B | $18.99B | $18.52B | $18.45B | $18.45B | $18.94B | $8.65B | $6.58B | $6.58B | $3.23B | $3.30B | |
| Shares Outstanding | 170,600,000 | 171,300,000 | 226,900,000 | 226,900,000 | 226,900,000 | 226,900,000 | 226,900,000 | 96,614,946 | 96,034,352 | 95,425,432 | 91,836,106 | 96,274,395 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $501M | $503M | $531M | $479M | $491M | $473M | $401M | $109M | $103M | $70M | $65M | $61M | |
| Stock-based Comp | $80M | $66M | $47M | $41M | $46M | $20M | $50M | $25M | $21M | $21M | $26M | $26M | |
| Deferred Tax | $11M | $51M | $-58M | $36M | $88M | $29M | $-27M | $-5M | $-67M | $-10M | $5M | $-7M | |
| Amort. of Intangibles | $300M | $303M | $321M | $291M | $287M | $282M | $238M | $40M | $36M | $23M | $22M | $22M | |
| Restructuring | · | $28M | $49M | $46M | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $1.76B | $1.83B | $1.20B | $1.04B | $1.07B | $784M | $1.02B | $315M | $189M | $451M | $451M | $472M | |
| CapEx | $260M | $207M | $186M | $149M | $130M | $136M | $186M | $93M | $90M | $50M | $49M | $48M | |
| Investing Cash Flow | $-2.75B | $-343M | $-492M | $-235M | $-540M | $-155M | $-3.18B | $-147M | $-1.03B | $-233M | $-380M | $-348M | |
| Stock Repurchased | $223M | $1.10B | $409M | $473M | $300M | $207M | $0 | $0 | $0 | $212M | $388M | $27M | |
| Net Stock Activity | $-223M | $-1.10B | $-409M | $-473M | $-300M | $-207M | · | $0 | $0 | $-212M | $-388M | $-27M | |
| Dividends Paid | $173M | $140M | $123M | $111M | $92M | $93M | $82M | $46M | $42M | $32M | $27M | $19M | |
| Financing Cash Flow | $1.03B | $-1.37B | $-633M | $-708M | $-653M | $-619M | $461M | $1.98B | $-97M | $523M | $-251M | $26M | |
| Net Change in Cash | $74M | $95M | $79M | $68M | $-126M | $-5M | $-1.74B | $2.11B | $-910M | $714M | $-200M | $140M | |
| Taxes Paid | $342M | $237M | $233M | $157M | $123M | $129M | $100M | $84M | $89M | $122M | $148M | $125M | |
| Free Cash Flow | $1.50B | $1.63B | $1.01B | $889M | $943M | $647M | $830M | $221M | $99M | $399M | $399M | $425M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.1% | 32.4% | 30.4% | 30.4% | 30.3% | 28.3% | 27.8% | 28.3% | 27.4% | 31.5% | 31.7% | 30.7% | |
| Operating Margin | 16.1% | 15.5% | 13.1% | 12.1% | 11.2% | 9.8% | 8.1% | 10.8% | 10.9% | 15.6% | 18.4% | 17.3% | |
| Net Margin | 10.5% | 10.2% | 8.4% | 7.6% | 7.1% | 5.5% | 4.0% | 6.8% | 6.8% | 10.4% | 12.0% | 11.6% | |
| Pretax Margin | 14.3% | 13.6% | 11.3% | 10.2% | 9.4% | 7.4% | 5.5% | 8.4% | 9.1% | 14.1% | 17.7% | 16.7% | |
| EBITDA Margin | 16.1% | 15.5% | 13.1% | 12.1% | 11.2% | 9.8% | 8.1% | 10.8% | 10.9% | 15.6% | 18.4% | 17.3% | |
| ROA | 5.7% | 5.7% | 4.3% | 3.4% | 3.0% | 2.2% | 2.4% | 3.9% | 4.0% | 6.2% | 12.1% | 11.5% | |
| ROE | 11.0% | 10.3% | 7.9% | 6.2% | 5.5% | 4.1% | 5.1% | 10.4% | 9.8% | 15.6% | 22.7% | 20.7% | |
| ROIC | 8.0% | 8.6% | 6.6% | 5.4% | 4.7% | 3.8% | 3.4% | 13.1% | 11.2% | 15.8% | 24.3% | 20.2% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 1.3 | 1.2 | 1.2 | 1.3 | 1.2 | 1.3 | 2.7 | 1.4 | 2.0 | 2.4 | 2.2 | |
| Quick Ratio | 0.3 | 0.3 | 0.3 | 0.3 | 0.5 | 0.5 | 0.5 | 0.8 | 0.7 | 0.7 | 1.1 | 1.2 | |
| Debt / Equity | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | · | · | · | · | · | |
| LT Debt / Equity | 0.4 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | · | · | · | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.6 | 0.5 | 0.5 | 0.4 | 0.4 | 0.6 | 0.6 | 0.6 | 0.6 | 1.0 | 1.0 | |
| Inventory Turnover | 2.9 | 3.1 | 3.1 | 3.1 | 3.3 | 3.2 | 4.5 | 3.9 | 3.8 | 3.5 | 4.6 | 4.6 | |
| Receivables Turnover | 8.7 | 9.0 | 9.1 | 8.1 | 7.6 | 7.1 | 8.4 | 5.4 | 4.8 | 5.0 | 7.0 | 7.7 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $65.31 | $58.91 | $58.98 | $55.75 | $54.90 | $53.59 | $51.94 | $29.66 | $29.25 | $23.12 | $18.51 | $18.77 | |
| Revenue / Share | $65.27 | $59.42 | $53.91 | $45.74 | $41.58 | $39.69 | $46.25 | $45.23 | $40.38 | $32.16 | $34.10 | $31.42 | |
| Cash Flow / Share | $10.28 | $10.49 | $6.69 | $5.68 | $5.70 | $4.12 | $5.73 | $3.26 | $1.96 | $4.93 | $4.62 | $4.88 | |
| Cash / Share | · | · | · | · | $2.55 | $3.17 | $3.15 | $6.01 | $2.43 | $4.18 | $2.46 | $4.42 | |
| Dividend Paid / Share | $1.00 | $0.80 | $0.68 | $0.60 | $0.48 | $0.48 | $0.48 | $0.48 | $0.44 | $0.36 | $0.28 | $0.20 | |
| EPS (TTM) | $6.83 | $6.04 | $4.53 | $3.46 | $2.96 | $2.17 | $1.84 | $3.05 | $2.72 | $3.34 | $4.10 | $3.62 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 7.5% | 7.3% | 15.7% | 6.9% | 3.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 10.1% | 9.9% | 8.6% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 8.1% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 13.1% | 33.3% | 30.9% | 16.9% | 36.4% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 25.4% | 26.8% | 27.8% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 25.8% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 10.8% | 29.6% | 28.7% | 13.4% | 34.8% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 22.7% | 23.7% | 25.3% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 23.1% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 13.2% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $11.17B | $10.39B | $9.68B | $8.36B | $7.82B | $7.56B | $8.20B | $4.36B | $3.88B | $2.93B | $3.31B | $3.04B | |
| Net Income TTM | $1.17B | $1.06B | $815M | $633M | $558M | $414M | $327M | $295M | $262M | $305M | $399M | $352M | |
| Market Cap | $36.41B | $32.48B | $22.56B | $18.09B | $17.11B | $13.83B | $14.91B | $6.79B | $7.82B | $7.92B | $6.53B | $8.37B | |
| Enterprise Value | · | · | · | · | $20.70B | $17.47B | $18.74B | · | · | · | · | · | |
| P/E | 31.3 | 31.4 | 28.0 | 28.8 | 31.1 | 33.7 | 42.3 | 23.0 | 29.9 | 24.9 | 17.3 | 24.0 | |
| P/S | 3.3 | 3.1 | 2.3 | 2.2 | 2.2 | 1.8 | 1.8 | 1.6 | 2.0 | 2.7 | 2.0 | 2.7 | |
| P/B | 3.3 | 3.2 | 2.2 | 1.8 | 1.7 | 1.4 | 1.5 | 2.4 | 2.8 | 3.6 | 3.8 | 4.6 | |
| P / Cash Flow | 20.7 | 17.7 | 18.8 | 17.4 | 15.9 | 17.6 | 14.7 | 21.6 | 41.4 | 17.6 | 14.6 | 17.7 | |
| P / FCF | 24.3 | 20.0 | 22.2 | 20.3 | 18.1 | 21.4 | 18.0 | 30.7 | 78.7 | 19.9 | 16.4 | 19.7 | |
| EV / EBITDA | · | · | · | · | 23.6 | 23.5 | 28.3 | · | · | · | · | · | |
| EV / FCF | · | · | · | · | 22.0 | 27.0 | 22.6 | · | · | · | · | · | |
| EV / Revenue | · | · | · | · | 2.6 | 2.3 | 2.3 | · | · | · | · | · | |
| Dividend Yield | 0.48% | 0.43% | 0.55% | 0.61% | 0.54% | 0.67% | 0.55% | 0.68% | 0.54% | 0.41% | 0.41% | 0.23% | |
| Earnings Yield | 3.2% | 3.2% | 3.6% | 3.5% | 3.2% | 3.0% | 2.4% | 4.3% | 3.3% | 4.0% | 5.8% | 4.2% | |
| Payout Ratio | 14.8% | 13.3% | 15.1% | 17.5% | 16.5% | 22.3% | 25.0% | 15.7% | 16.1% | 10.6% | 6.8% | 5.5% | |
| Annual Payout | $173M | $140M | $123M | $111M | $92M | $93M | $82M | $46M | $42M | $32M | $27M | $19M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.18B | $2.95B | $2.96B | $2.89B | $2.71B | $2.61B | $2.58B | $2.66B | $2.64B | $2.50B | $2.53B | $2.55B | $2.41B | $2.19B | $2.31B | $2.08B | |
| Cost of Revenue | $2.02B | $1.89B | $2.00B | $1.88B | $1.77B | $1.71B | $1.79B | $1.78B | $1.77B | $1.68B | $1.76B | $1.76B | $1.68B | $1.53B | $1.65B | $1.43B | |
| Gross Profit | $1.16B | $1.06B | $966M | $1.00B | $938M | $900M | $797M | $880M | $874M | $815M | $764M | $792M | $723M | $665M | $652M | $648M | |
| R&D Expense | $70M | $56M | $68M | $59M | $50M | $46M | $51M | $50M | $57M | $48M | $61M | $53M | $53M | $51M | $60M | $54M | |
| SG&A Expense | $400M | $401M | $461M | $375M | $347M | $307M | $333M | $318M | $316M | $281M | $296M | $295M | $285M | $263M | $272M | $260M | |
| Operating Expenses | $561M | $544M | $610M | $511M | $466M | $426M | $463M | $447M | $444M | $403M | $456M | $422M | $411M | $389M | $405M | $387M | |
| Operating Income | $600M | $517M | $356M | $491M | $472M | $474M | $334M | $433M | $430M | $412M | $308M | $370M | $312M | $276M | $247M | $261M | |
| Other Non-op | $-1M | $1M | $1M | $-2M | $-2M | $1M | $2M | $-1M | $2M | $-1M | $34M | $-1M | $-1M | $0 | $-1M | $2M | |
| Pretax Income | $518M | $469M | $291M | $425M | $450M | $426M | $284M | $378M | $385M | $363M | $280M | $320M | $259M | $233M | $210M | $217M | |
| Income Tax | $122M | $106M | $87M | $112M | $111M | $99M | $71M | $92M | $94M | $86M | $63M | $78M | $66M | $60M | $51M | $54M | |
| Net Income | $395M | $362M | $202M | $310M | $336M | $322M | $212M | $283M | $289M | $272M | $215M | $240M | $191M | $169M | $158M | $160M | |
| EPS (Basic) | $2.33 | $2.12 | $1.19 | $1.81 | $1.96 | $1.88 | $1.24 | $1.63 | $1.64 | $1.54 | $1.20 | $1.34 | $1.06 | $0.94 | $0.87 | $0.88 | |
| EPS (Diluted) | $2.33 | $2.12 | $1.18 | $1.81 | $1.96 | $1.88 | $1.24 | $1.63 | $1.64 | $1.53 | $1.21 | $1.33 | $1.06 | $0.93 | $0.87 | $0.88 | |
| Shares (Basic) | 169,100,000 | 170,000,000 | · | 170,500,000 | 170,600,000 | 170,500,000 | · | 173,400,000 | 175,400,000 | 176,500,000 | · | 178,600,000 | 178,900,000 | 179,900,000 | · | 181,300,000 | |
| Shares (Diluted) | 169,600,000 | 170,700,000 | · | 171,100,000 | 171,200,000 | 171,300,000 | · | 174,100,000 | 176,000,000 | 177,200,000 | · | 179,200,000 | 179,400,000 | 180,600,000 | · | 181,900,000 | |
| EBITDA | $600M | $517M | · | $491M | $472M | $474M | · | $433M | $430M | $412M | · | $370M | $312M | $276M | · | $261M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $514M | |
| Receivables | $1.72B | $1.78B | $1.41B | $1.66B | $1.44B | $1.39B | $1.15B | $1.23B | $1.27B | $997M | · | $1.10B | $1.01B | $956M | · | $1.00B | |
| Inventory | $2.86B | $2.85B | $2.75B | $2.75B | $2.57B | $2.38B | $2.31B | $2.38B | $2.36B | $2.36B | · | $2.25B | $2.32B | $2.23B | · | $2.02B | |
| Other Current Assets | $345M | $340M | $263M | $315M | $285M | $247M | $212M | $202M | $267M | $263M | · | $282M | $277M | $275M | · | $200M | |
| Current Assets | $6.04B | $5.97B | $5.69B | $5.79B | $6.35B | $5.25B | $4.94B | $4.77B | $5.03B | $4.80B | · | $4.63B | $4.66B | $4.50B | · | $4.20B | |
| PP&E (Net) | $1.65B | $1.65B | $1.62B | $1.53B | $1.48B | $1.46B | $1.45B | $1.44B | $1.44B | $1.45B | · | $1.42B | $1.44B | $1.42B | · | $1.40B | |
| PP&E (Gross) | · | · | $3.11B | · | · | · | $2.75B | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $1.49B | · | · | · | $1.31B | · | · | · | · | · | · | · | · | · | |
| Goodwill | $10.60B | $10.62B | $10.22B | $9.85B | $8.94B | $8.79B | $8.71B | $8.79B | $8.71B | $8.73B | $8.78B | $8.59B | $8.66B | $8.54B | $8.51B | $8.36B | |
| Intangibles | $4.12B | $4.24B | $3.84B | $3.55B | $2.89B | $2.89B | $2.93B | $3.00B | $3.03B | $3.12B | · | $3.27B | $3.36B | $3.33B | · | $3.41B | |
| Other Non-current Assets | $709M | $706M | $705M | $806M | $736M | $700M | $668M | $649M | $673M | $658M | · | $890M | $863M | $878M | · | $890M | |
| Total Assets | $23.13B | $23.20B | $22.07B | $21.53B | $20.39B | $19.10B | $18.70B | $18.64B | $18.88B | $18.75B | · | $18.80B | $18.98B | $18.67B | · | $18.26B | |
| Accounts Payable | $1.43B | $1.42B | $1.40B | $1.43B | $1.41B | $1.32B | $1.30B | $1.34B | $1.33B | $1.29B | · | $1.24B | $1.31B | $1.35B | · | $1.21B | |
| Current Liabilities | $5.39B | $5.83B | $5.15B | $4.06B | $3.61B | $3.93B | $3.79B | $3.68B | $3.65B | $3.15B | · | $3.89B | $4.17B | $4.17B | · | $3.33B | |
| Deferred Tax | $724M | $729M | $606M | $553M | $411M | $390M | $376M | $295M | $323M | $321M | · | $355M | $359M | $333M | · | $287M | |
| Other Non-current Liabilities | $858M | $773M | $832M | $717M | $681M | $802M | $921M | $798M | $831M | $710M | · | $787M | $713M | $742M | · | $692M | |
| Total Liabilities | $11.88B | $12.04B | $10.88B | $10.43B | $9.55B | $8.68B | $8.57B | $8.35B | $8.36B | $8.24B | · | $8.43B | $8.76B | $8.54B | · | $8.34B | |
| Long-term Debt | $6.57B | $6.54B | $5.54B | $5.29B | $4.78B | $4.01B | $3.98B | $4.02B | $4.00B | $4.00B | · | $4.05B | $4.39B | $4.16B | · | $4.08B | |
| Total Debt | $6.57B | $6.54B | · | $5.29B | $4.78B | $4.01B | · | $4.02B | $4.00B | $4.00B | · | $4.05B | $4.39B | $4.16B | · | $4.08B | |
| Common Stock | $1M | $1M | $1M | $1M | $1M | $1M | $2M | $2M | $2M | $2M | · | $2M | $2M | $2M | · | $2M | |
| Retained Earnings | $4.53B | $4.19B | $3.88B | $3.72B | $3.45B | $3.16B | $6.18B | $6.01B | $5.76B | $5.50B | · | $5.08B | $4.88B | $4.71B | · | $4.45B | |
| Treasury Stock | $630M | $416M | $190M | $115M | $116M | $69M | $3.27B | $3.15B | $2.54B | $2.35B | · | $2.01B | $2.01B | $1.94B | · | $1.70B | |
| AOCI | $-729M | $-689M | $-616M | $-604M | $-561M | $-733M | $-846M | $-607M | $-720M | $-667M | · | $-713M | $-624M | $-631M | · | $-808M | |
| Stockholders' Equity | $11.21B | $11.10B | $11.14B | $11.05B | $10.80B | $10.37B | $10.09B | $10.25B | $10.48B | $10.46B | · | $10.33B | $10.19B | $10.09B | · | $9.88B | |
| Liabilities + Equity | $23.13B | $23.20B | $22.07B | $21.53B | $20.39B | $19.10B | $18.70B | $18.64B | $18.88B | $18.75B | · | $18.80B | $18.98B | $18.67B | · | $18.26B | |
| Shares Outstanding | 169,100,000 | 169,900,000 | 170,600,000 | 170,900,000 | 170,900,000 | 171,100,000 | 171,300,000 | 171,900,000 | 175,600,000 | 176,800,000 | 226,900,000 | 179,100,000 | 179,100,000 | 179,800,000 | 226,900,000 | 181,900,000 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $143M | $139M | $136M | $128M | $117M | $120M | $128M | $134M | $118M | $123M | $160M | $125M | $123M | $123M | $120M | $119M | |
| Stock-based Comp | $28M | $22M | $22M | $22M | $19M | $17M | $22M | $18M | $14M | $12M | $11M | $14M | $12M | $10M | $11M | $10M | |
| Amort. of Intangibles | $91M | $87M | $81M | $77M | $69M | $73M | $79M | $79M | $71M | $74M | $99M | $74M | $73M | $75M | $73M | $73M | |
| Restructuring | · | · | · | · | · | · | · | $10M | $4M | $8M | · | $13M | $8M | $9M | · | · | |
| Operating Cash Flow | $441M | $199M | $992M | $367M | $209M | $191M | $723M | $542M | $235M | $334M | $686M | $425M | $115M | $-25M | $410M | $204M | |
| CapEx | $62M | $46M | $122M | $55M | $39M | $44M | $84M | $46M | $46M | $31M | $77M | $39M | $38M | $32M | $67M | $32M | |
| Investing Cash Flow | $-55M | $-1.10B | $-860M | $-1.79B | $-54M | $-44M | $-237M | $-49M | $-38M | $-19M | $-156M | $-43M | $-261M | $-32M | $-86M | $-32M | |
| Stock Repurchased | $215M | $242M | $75M | $0 | $50M | $98M | $123M | $599M | $200M | $175M | $157M | $0 | $74M | $178M | $73M | $1M | |
| Net Stock Activity | · | $-242M | · | · | · | $-98M | · | · | · | $-175M | · | · | · | $-178M | · | · | |
| Dividends Paid | $53M | $53M | $43M | $43M | $44M | $43M | $34M | $35M | $35M | $36M | $31M | $30M | $31M | $31M | $28M | $28M | |
| Financing Cash Flow | $-248M | $656M | $124M | $453M | $626M | $-172M | $-162M | $-686M | $-234M | $-289M | $-310M | $-353M | $102M | $-72M | $-313M | $-139M | |
| Net Change in Cash | $139M | $-258M | $261M | $-971M | $801M | $-17M | $305M | $-185M | $-44M | $19M | $228M | $21M | $-46M | $-124M | $27M | $13M | |
| Free Cash Flow | · | $153M | · | · | · | $147M | · | · | · | $303M | · | · | · | $-57M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.5% | 36.0% | · | 34.7% | 34.7% | 34.5% | · | 33.1% | 33.1% | 32.6% | · | 31.1% | 30.0% | 30.3% | · | 31.1% | |
| Operating Margin | 18.9% | 17.5% | · | 17.0% | 17.4% | 18.2% | · | 16.3% | 16.3% | 16.5% | · | 14.5% | 13.0% | 12.6% | · | 12.5% | |
| Net Margin | 12.4% | 12.3% | · | 10.7% | 12.4% | 12.3% | · | 10.6% | 10.9% | 10.9% | · | 9.4% | 7.9% | 7.7% | · | 7.7% | |
| Pretax Margin | 16.3% | 15.9% | · | 14.7% | 16.6% | 16.3% | · | 14.2% | 14.6% | 14.5% | · | 12.6% | 10.8% | 10.6% | · | 10.4% | |
| EBITDA Margin | 18.9% | 17.5% | · | 17.0% | 17.4% | 18.2% | · | 16.3% | 16.3% | 16.5% | · | 14.5% | 13.0% | 12.6% | · | 12.5% | |
| ROA | 1.8% | 1.7% | · | 1.5% | 1.7% | 1.7% | · | 1.5% | 1.5% | 1.5% | · | 1.3% | 1.0% | 0.91% | · | 0.87% | |
| ROE | 3.6% | 3.4% | · | 2.9% | 3.2% | 3.1% | · | 2.8% | 2.8% | 2.6% | · | 2.4% | 1.9% | 1.7% | · | 1.6% | |
| ROIC | 2.6% | 2.3% | · | 2.2% | 2.3% | 2.5% | · | 2.3% | 2.2% | 2.2% | · | 1.9% | 1.6% | 1.4% | · | 1.4% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 1.0 | · | 1.4 | 1.8 | 1.3 | · | 1.3 | 1.4 | 1.5 | · | 1.2 | 1.1 | 1.1 | · | 1.3 | |
| Quick Ratio | 0.3 | 0.3 | · | 0.4 | 0.4 | 0.4 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.2 | 0.2 | · | 0.5 | |
| Debt / Equity | 0.6 | 0.6 | · | 0.5 | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | |
| LT Debt / Equity | 0.4 | 0.4 | · | 0.5 | 0.4 | 0.3 | · | 0.3 | 0.3 | 0.4 | · | 0.3 | 0.3 | 0.3 | · | 0.4 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Inventory Turnover | 0.7 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | 0.8 | 0.8 | 0.7 | · | 0.8 | 0.8 | 0.8 | · | 0.8 | |
| Receivables Turnover | 2.0 | 1.9 | · | 2.0 | 2.0 | 2.2 | · | 2.3 | 2.3 | 2.6 | · | 2.4 | 2.4 | 2.2 | · | 2.1 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $66.32 | $65.35 | · | $64.65 | $63.20 | $60.60 | · | $59.63 | $59.66 | $59.17 | · | $57.65 | $56.88 | $56.09 | · | $54.32 | |
| Revenue / Share | $18.74 | $17.28 | · | $16.87 | $15.81 | $15.24 | · | $15.30 | $15.02 | $14.09 | · | $14.23 | $13.42 | $12.15 | · | $11.44 | |
| Cash Flow / Share | · | $1.17 | · | · | · | $1.11 | · | · | · | $1.88 | · | · | · | $-0.14 | · | · | |
| Cash / Share | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $2.83 | |
| Dividend Paid / Share | $0.31 | $0.31 | $0.25 | $0.25 | $0.25 | $0.25 | $0.20 | $0.20 | $0.20 | $0.20 | $0.17 | $0.17 | $0.17 | $0.17 | $0.15 | $0.15 | |
| EPS (TTM) | $7.44 | $7.07 | · | $6.89 | $6.71 | $6.39 | · | $6.01 | $5.71 | $5.13 | · | $4.19 | $3.74 | $3.59 | · | $3.61 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $11.98B | $11.51B | · | $10.79B | $10.56B | $10.50B | · | $10.33B | $10.22B | $9.98B | · | $9.46B | $8.99B | $8.63B | · | $8.13B | |
| Net Income TTM | $1.27B | $1.21B | · | $1.18B | $1.15B | $1.11B | · | $1.06B | $1.02B | $918M | · | $758M | $678M | $653M | · | $665M | |
| Market Cap | $45.59B | $42.46B | · | $34.26B | $35.78B | $31.03B | · | $31.25B | $27.75B | $25.76B | · | $19.03B | $19.64B | $18.17B | · | $14.80B | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $18.36B | |
| P/E | 36.2 | 35.3 | · | 29.1 | 31.2 | 28.4 | · | 30.2 | 27.7 | 28.4 | · | 25.4 | 29.3 | 28.2 | · | 22.5 | |
| P/S | 3.8 | 3.7 | · | 3.2 | 3.4 | 3.0 | · | 3.0 | 2.7 | 2.6 | · | 2.0 | 2.2 | 2.1 | · | 1.8 | |
| P/B | 4.1 | 3.8 | · | 3.1 | 3.3 | 3.0 | · | 3.0 | 2.6 | 2.5 | · | 1.8 | 1.9 | 1.8 | · | 1.5 | |
| P / Cash Flow | · | 213.4 | · | · | · | 162.5 | · | · | · | 77.1 | · | · | · | -726.8 | · | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | 2.3 | |
| Dividend Yield | 0.42% | 0.43% | · | 0.48% | 0.44% | 0.47% | · | 0.44% | 0.48% | 0.50% | · | 0.63% | 0.60% | 0.63% | · | 0.72% | |
| Earnings Yield | 2.8% | 2.8% | · | 3.4% | 3.2% | 3.5% | · | 3.3% | 3.6% | 3.5% | · | 3.9% | 3.4% | 3.5% | · | 4.4% | |
| Payout Ratio | · | 14.6% | · | · | · | 13.4% | · | · | · | 13.2% | · | · | · | 18.3% | · | · | |
| Annual Payout | $192M | $183M | · | $164M | $156M | $147M | · | $137M | $132M | $128M | · | $120M | $118M | $114M | · | $106M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenue | $11.17B | · | · | $10.39B | · |
| Gross Margin % | 34.1% | · | · | 32.4% | · |
| Operating Margin % | 16.1% | · | · | 15.5% | · |
| Net Income | $1.17B | · | · | $1.06B | · |
| Diluted EPS | $6.83 | · | · | $6.04 | · |
| Metric | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Debt / Equity | 0.5 | · | · | 0.4 | · |
| Current Ratio | 1.1 | · | · | 1.3 | · |
| Quick Ratio | 0.3 | · | · | 0.3 | · |
| Metric | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Free Cash Flow | $1.50B | · | · | $1.63B | · |
Institutional owners (13F) 1,281 filers · $43.8B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
1,281
Value held
$43.8B
New positions
118
Exited positions
77
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 118 (-63 vs prior Q) | 77 (-17 vs prior Q) | 429 (+50 vs prior Q) | 405 (+43 vs prior Q) | +2.4M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| FMR LLC | $5,765,003,195 | 21,383,543 | 13.17% | Shares |
| VANGUARD GROUP INC | $4,242,987,062 | 19,878,131 | 9.69% | Shares |
| BlackRock, Inc. | $3,741,076,981 | 13,876,398 | 8.54% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $2,988,214,048 | 11,083,880 | 6.83% | Shares |
| STATE STREET CORP | $2,131,389,661 | 7,905,748 | 4.87% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,933,209,666 | 7,170,659 | 4.42% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,214,484,936 | 4,522,854 | 2.77% | Shares |
| FIL Ltd | $950,834,176 | 3,526,833 | 2.17% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $835,537,075 | 3,093,207 | 1.91% | Shares |
| Invesco Ltd. | $753,454,849 | 2,794,714 | 1.72% | Shares |
| MORGAN STANLEY | $671,614,291 | 2,491,148 | 1.53% | Shares |
| Select Equity Group, L.P. | $652,850,419 | 2,421,552 | 1.49% | Shares |
| Boston Partners | $543,497,409 | 2,019,014 | 1.24% | Shares |
| NORGES BANK | $511,367,305 | 1,896,763 | 1.17% | Shares |
| NORTHERN TRUST CORP | $466,711,298 | 1,731,125 | 1.07% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $462,159,718 | 1,714,273 | 1.06% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $450,360,329 | 1,670,476 | 1.03% | Shares |
| Amundi | $426,215,741 | 1,580,919 | 0.97% | Shares |
| JPMORGAN CHASE & CO | $407,834,535 | 1,520,067 | 0.93% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $390,458,308 | 1,428,720 | 0.89% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $369,586,153 | 1,370,868 | 0.84% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $347,625,559 | 1,391,003 | 0.79% | Shares |
| Vontobel Holding Ltd. | $330,933,999 | 1,227,500 | 0.76% | Shares |
| GOLDMAN SACHS GROUP INC | $326,140,804 | 1,209,721 | 0.74% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $298,567,172 | 1,107,445 | 0.68% | Shares |
| AMERICAN CENTURY COMPANIES INC | $287,337,403 | 1,065,784 | 0.66% | Shares |
| AMERIPRISE FINANCIAL INC | $264,927,130 | 981,110 | 0.61% | Shares |
| ROYAL LONDON ASSET MANAGEMENT LTD | $259,062,953 | 960,916 | 0.59% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $256,846,842 | 952,696 | 0.59% | Shares |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $251,276,549 | 932,034 | 0.57% | Shares |
| Nuveen, LLC | $244,283,573 | 906,097 | 0.56% | Shares |
| Legal & General Group Plc | $241,369,922 | 895,289 | 0.55% | Shares |
| FARALLON CAPITAL MANAGEMENT, L.L.C. | $241,158,009 | 894,503 | 0.55% | Shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | $234,744,984 | 870,716 | 0.54% | Shares |
| BANK OF MONTREAL /CAN/ | $221,267,730 | 820,726 | 0.51% | Shares |
| Bank of New York Mellon Corp | $212,691,902 | 788,917 | 0.49% | Shares |
| DEUTSCHE BANK AG\ | $207,228,039 | 768,650 | 0.47% | Shares |
| AVIVA PLC | $192,990,734 | 715,841 | 0.44% | Shares |
| BANK OF AMERICA CORP /DE/ | $185,772,028 | 689,065 | 0.42% | Shares |
| PointState Capital LP | $172,127,468 | 638,455 | 0.39% | Shares |
| Santori & Peters, Inc. | $162,646,908 | 603,290 | 0.37% | Shares |
| RAYMOND JAMES FINANCIAL INC | $161,693,059 | 599,752 | 0.37% | Shares |
| UBS Group AG | $156,691,790 | 581,201 | 0.36% | Shares |
| Impax Asset Management Group plc | $150,640,917 | 558,757 | 0.34% | Shares |
| Robeco Institutional Asset Management B.V. | $147,144,445 | 545,788 | 0.34% | Shares |
| PNC Financial Services Group, Inc. | $144,480,129 | 535,906 | 0.33% | Shares |
| Junto Capital Management LP | $142,006,947 | 526,732 | 0.32% | Shares |
| Burgundy Asset Management Ltd. | $139,083,736 | 718,779 | 0.32% | Shares |
| PARK PRESIDIO CAPITAL LLC | $132,190,542 | 490,321 | 0.30% | Shares |
| ALLIANCEBERNSTEIN L.P. | $132,131,915 | 528,718 | 0.30% | Shares |
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Erwan Faiveley, François Faiveley, Financière Faiveley, Famille Faiveley Participations, FAIVInvest ×2 filings | May 24, 2018 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person | Nov. 19, 2003 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 67 insiders · 41 officers · 22 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Rafael Santana | President and CEO | Sept. 2, 2026 S | 117,242 | 0 | 105 | $-23,953,189 |
| Raymond T Betler | President & CEO | March 20, 2019 F | 222,306 | 0 | 0 | $0 |
| John A Olin | Executive Vice President & CFO | March 5, 2026 A | 61,893 | 0 | 1 | $-2,896,300 |
| Patrick D Dugan | EVP & Chief Financial Officer | Aug. 30, 2021 S | 69,516 | 0 | 0 | $0 |
| Guillaume Bouhours | Sr. VP Transit CFO&Integration | Feb. 7, 2017 A | · | 0 | 0 | $0 |
| Tunon Alvaro Garcia | Exec. VP and CFO | Nov. 18, 2013 S | 41,270 | 0 | 0 | $0 |
| Rogerio Mendonca | President, Equipment Group | Aug. 21, 2026 S | 7,968 | 0 | 5 | $-2,224,900 |
| Nalin Jain | President, Digital Electronics | March 5, 2026 A | 7,019 | 0 | 1 | $-2,095,818 |
| Pascal Schweitzer | President Transit | March 5, 2026 A | 19,941 | 0 | 1 | $-624,210 |
| Alicia Hammersmith | President - Services Group | March 20, 2025 A | 8,968 | 0 | 0 | $0 |
| Stephane Rambaud-Measson | EVP & Chief Operating Officer | Feb. 6, 2018 A | · | 0 | 0 | $0 |
| Michael Fetsko | Pres., Freight Components Grp. | Aug. 20, 2026 S | 37,380 | 0 | 3 | $-2,044,078 |
| Gregory Sbrocco | EVP Operations | Aug. 17, 2026 S | 21,043 | 0 | 4 | $-1,602,668 |
| Sameer Gaur | Pres., Global Freight Services | July 24, 2026 S | 10,985 | 0 | 3 | $-887,760 |
| Eric Gebhardt | Chief Technology Officer | July 24, 2026 S | 19,153 | 0 | 4 | $-2,124,840 |
| David L Deninno | Exec VP, General Counsel, Sec. | July 24, 2026 S | 55,128 | 0 | 5 | $-4,110,157 |
| Nicole B Theophilus | EVP & Chief Admin. Officer | July 1, 2026 A | 23,599 | 0 | 0 | $0 |
| Gina Trombley | EVP Sales & Marketing | March 12, 2026 S | 13,841 | 0 | 1 | $-970,624 |
| Kyra Yates | VP - Investor Relations | March 5, 2026 A | 3,334 | 0 | 0 | $0 |
| John A Mastalerz Jr | SVP Fin, Corp Controller, CAO | March 5, 2026 A | 7,593 | 0 | 1 | $-580,860 |
| Lilian Leroux | EVP Chief Strategy Officer | May 5, 2025 S | 13,755 | 0 | 0 | $0 |
| Kristine Kubacki | VP, Investor Relations | March 1, 2024 F | 3,615 | 0 | 0 | $0 |
| Scott Wahlstrom | Exec VP & CHRO | March 18, 2020 A | 129,825 | 0 | 0 | $0 |
| Dominique Malenfant | Sr. VP, Global Technology | March 1, 2020 F | 5,578 | 0 | 0 | $0 |
| David M. Seitz | VP,Sr. Counsel/Asst. Secretary | Dec. 31, 2019 F | 28,251 | 0 | 0 | $0 |
| Timothy R Wesley | VP Investor Relations | March 20, 2019 F | 14,006 | 0 | 0 | $0 |
| Paul Ivar Overby | VP Corporate Strategy | March 1, 2018 F | 1,981 | 0 | 0 | $0 |
| Mark R Cox | Exec VP Corporate Development | March 16, 2017 F | 55,585 | 0 | 0 | $0 |
| Karl-Heinz Colmer | Vice President | March 18, 2016 F | 19,403 | 0 | 0 | $0 |
| David J Meyer | Vice President | March 18, 2016 F | 24,838 | 0 | 0 | $0 |
| Robert C Bourg | Vice President | March 18, 2016 F | 91,553 | 0 | 0 | $0 |
| Charles F Kovac | Senior Vice President, Freight | Aug. 19, 2015 S | 119,459 | 0 | 0 | $0 |
| John D Whiteford | Vice President/Group Executive | May 19, 2015 S | 12,961 | 0 | 0 | $0 |
| Keith Hildum | Vice President & Treasurer | Feb. 28, 2013 S | 10,522 | 0 | 0 | $0 |
| Richard A Mathes | Vice President-Group Executive | March 1, 2010 P | 14,445 | 0 | 0 | $0 |
| Anthony J Carpani | VP - Group Executive | Sept. 23, 2008 M | 11,245 | 0 | 0 | $0 |
| Timothy J Logan | VP- International Sales | Sept. 18, 2008 M | 26,608 | 0 | 0 | $0 |
| George A Socher | VP - Internal Audit | Oct. 29, 2007 M | 8,282 | 0 | 0 | $0 |
| Barry Pennypacker | VP - Group Executive | Aug. 8, 2007 M | 7,871 | 0 | 0 | $0 |
| James E Mcclaine | VP - Railroad Marketing | March 1, 2006 M | 0 | 0 | 0 | $0 |
| Gary Prasser | VP - Passsenger Systems | Feb. 10, 2006 S | 285 | 0 | 0 | $0 |
| Ann R. Klee | Director | May 13, 2026 A | 12,574 | 0 | 0 | $0 |
| Beverley A Babcock | Director | May 13, 2026 A | 4,740 | 0 | 0 | $0 |
| Byron S. Foster | Director | May 13, 2026 A | 8,219 | 0 | 0 | $0 |
| Juan R. Perez | Director | May 13, 2026 A | 2,011 | 0 | 0 | $0 |
| Brian Hehir | Director | May 13, 2026 A | 21,406 | 0 | 0 | $0 |
| Linda S Harty | Director | May 13, 2026 A | 12,482 | 0 | 0 | $0 |
| Lee C Banks | Director | May 13, 2026 A | 13,598 | 0 | 0 | $0 |
| Albert J Neupaver | Director | May 16, 2025 A | 605,400 | 0 | 0 | $0 |
| KASSLING WILLIAM E | Director | Jan. 16, 2025 G | 671,304 | 0 | 0 | $0 |
| Lee B Foster II | Director | Nov. 18, 2021 G | 34,986 | 0 | 0 | $0 |
| Michael W D Howell | Director | Aug. 19, 2021 S | 5,128 | 0 | 0 | $0 |
| Erwan Faiveley | Director | May 15, 2021 F | 6,999 | 0 | 0 | $0 |
| Philippe Alfroid | Director | May 17, 2019 A | 5,627 | 0 | 0 | $0 |
| Emilio Fernandez | Director | May 17, 2019 A | 719,000 | 0 | 0 | $0 |
| Robert J Brooks | Director | Aug. 21, 2018 S | 62,872 | 0 | 0 | $0 |
| Steeg Nickolas Vande | Director | May 10, 2017 A | 19,221 | 0 | 0 | $0 |
| Gary Valade | Director | May 11, 2016 A | 41,702 | 0 | 0 | $0 |
| James V Napier | Director | May 3, 2011 M | 18,917 | 0 | 0 | $0 |
| Kim G Davis | Director | Jan. 3, 2007 A | 6,500 | 0 | 0 | $0 |
| James P Miscoll | Director | Jan. 3, 2006 A | 15,445 | 0 | 0 | $0 |
| General Electric Company | 10% owner | Aug. 9, 2019 S | 2,048,515 | 0 | 0 | $0 |
| Mark Warner | · | Oct. 27, 2004 S | 1,908 | 0 | 0 | $0 |
| Robert Haag | · | April 28, 2004 A | 1,685 | 0 | 0 | $0 |
| Gregory T H Davies | · | April 28, 2004 A | 48,429 | 0 | 0 | $0 |
| Paul Golden | · | Feb. 17, 2004 A | · | 0 | 0 | $0 |
| Seppo Saarinen | · | Dec. 12, 2003 D | 3,713 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 117 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| EFRA · iShares Trust | 6.30% | 1,248 SH | Sept. 11, 2026 | Daily |
| KMID · Virtus ETF Trust II | 5.40% | 8,468 NS | July 31, 2026 | N-PORT |
| PRN · Invesco Exchange-Traded Fund Trust | 3.74% | 46,966 SH | Oct. 2, 2026 | Daily |
| FMAG · FIDELITY COVINGTON TRUST | 1.41% | 11,960 NS | July 31, 2026 | N-PORT |
| FFLC · FIDELITY COVINGTON TRUST | 1.37% | 56,702 NS | July 31, 2026 | N-PORT |
| PWB · Invesco Exchange-Traded Fund Trust | 1.32% | 124,848 SH | Oct. 2, 2026 | Daily |
| RSPN · Invesco Exchange-Traded Fund Trust | 1.26% | 32,274 SH | Oct. 2, 2026 | Daily |
| FFLV · FIDELITY COVINGTON TRUST | 0.90% | 509 NS | July 31, 2026 | N-PORT |
| FFLG · FIDELITY COVINGTON TRUST | 0.85% | 17,173 NS | July 31, 2026 | N-PORT |
| VOE · VANGUARD INDEX FUNDS | 0.79% | 1,089,958 SH | Aug. 19, 2026 | Daily |
| PDP · Invesco Exchange-Traded Fund Trust | 0.77% | 39,655 SH | Oct. 2, 2026 | Daily |
| JOET · Virtus ETF Trust II | 0.75% | 6,280 NS | July 31, 2026 | N-PORT |
| FBCV · FIDELITY COVINGTON TRUST | 0.73% | 4,429 NS | July 31, 2026 | N-PORT |
| FIDU · FIDELITY COVINGTON TRUST | 0.70% | 55,782 NS | July 31, 2026 | N-PORT |
| INFO · Harbor ETF Trust | 0.69% | 19,899 NS | July 31, 2026 | N-PORT |
| IMCG · iShares Trust | 0.66% | 93,370 SH | Sept. 11, 2026 | Daily |
| DUSL · Direxion Shares ETF Trust | 0.65% | 1,254 NS | July 31, 2026 | N-PORT |
| FTC · First Trust Exchange-Traded AlphaDE… | 0.61% | 27,849 NS | July 31, 2026 | N-PORT |
| VIS · VANGUARD WORLD FUND | 0.61% | 206,679 SH | Aug. 19, 2026 | Daily |
| IYJ · iShares Trust | 0.59% | 40,101 SH | Sept. 11, 2026 | Daily |
| EXI · iShares Trust | 0.48% | 24,327 SH | Sept. 11, 2026 | Daily |
| IWS · iShares Trust | 0.46% | 252,098 SH | Sept. 11, 2026 | Daily |
| VO · VANGUARD INDEX FUNDS | 0.44% | 3,677,198 SH | Aug. 19, 2026 | Daily |
| VLUE · iShares Trust | 0.42% | 144,217 SH | Sept. 11, 2026 | Daily |
| DFLV · Dimensional ETF Trust | 0.39% | 89,777 NS | July 31, 2026 | N-PORT |
| BSCQ · Invesco Exchange-Traded Self-Indexe… | 0.37% | 11,823,000 | Oct. 2, 2026 | Daily |
| IWR · iShares Trust | 0.35% | 691,485 SH | Sept. 11, 2026 | Daily |
| IMCB · iShares Trust | 0.33% | 19,751 SH | Sept. 11, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.30% | 6,052 NS | July 31, 2026 | N-PORT |
| FTLS · First Trust Exchange-Traded Fund III | 0.29% | 24,980 NS | July 31, 2026 | N-PORT |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.29% | 15,679 NS | July 31, 2026 | N-PORT |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.29% | 10,193,000 | Oct. 2, 2026 | Daily |
| MTUM · iShares Trust | 0.27% | 238,635 SH | Sept. 11, 2026 | Daily |
| XOEF · iShares Trust | 0.27% | 214 SH | Sept. 11, 2026 | Daily |
| QUVU · Hartford Funds Exchange-Traded Trust | 0.24% | 1,481 NS | July 31, 2026 | N-PORT |
| SPMO · Invesco Exchange-Traded Fund Trust … | 0.24% | 191,212 SH | Oct. 2, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.21% | 695,952 SH | Oct. 2, 2026 | Daily |
| SIZE · iShares Trust | 0.21% | 3,153 SH | Sept. 11, 2026 | Daily |
| EUSA · iShares, Inc. | 0.20% | 13,354 SH | Sept. 11, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.20% | 103,459 NS | July 31, 2026 | N-PORT |
| USXF · iShares Trust | 0.19% | 10,103 SH | Sept. 11, 2026 | Daily |
| PWS · Pacer Funds Trust | 0.18% | 147 NS | July 31, 2026 | N-PORT |
| VTV · VANGUARD INDEX FUNDS | 0.17% | 1,611,971 SH | Aug. 19, 2026 | Daily |
| VEGN · ETF Series Solutions | 0.16% | 998 NS | July 31, 2026 | N-PORT |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.16% | 39,098 SH | Aug. 19, 2026 | Daily |
| IVE · iShares Trust | 0.16% | 281,516 SH | Sept. 11, 2026 | Daily |
| IUSV · iShares Trust | 0.15% | 148,434 SH | Sept. 11, 2026 | Daily |
| ILCG · iShares Trust | 0.15% | 16,399 SH | Sept. 11, 2026 | Daily |
| IQSU · New York Life Investments ETF Trust | 0.15% | 1,640 NS | July 31, 2026 | N-PORT |
| CRBN · iShares Trust | 0.14% | 6,022 SH | Sept. 11, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.14% | 177,000 | Oct. 2, 2026 | Daily |
| ESG · FlexShares Trust | 0.14% | 630 NS | July 31, 2026 | N-PORT |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.13% | 3,729,000 | Oct. 2, 2026 | Daily |
| DSI · iShares Trust | 0.13% | 25,919 SH | Sept. 11, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.13% | 101,851 SH | Aug. 19, 2026 | Daily |
| IWD · iShares Trust | 0.13% | 375,304 SH | Sept. 11, 2026 | Daily |
| CATH · Global X Funds | 0.10% | 4,358 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.10% | 7,528 NS | July 31, 2026 | N-PORT |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.09% | 5,211 SH | Oct. 2, 2026 | Daily |
| CHRI · Global X Funds | 0.09% | 24 NS | July 31, 2026 | N-PORT |
| TOPC · iShares Trust | 0.09% | 102 SH | Sept. 11, 2026 | Daily |
| ACVF · ETF Opportunities Trust | 0.09% | 451 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.08% | 35,094 NS | July 31, 2026 | N-PORT |
| XCLR · Global X Funds | 0.08% | 10 NS | July 31, 2026 | N-PORT |
| XVV · iShares Trust | 0.08% | 1,940 SH | Sept. 11, 2026 | Daily |
| XRMI · Global X Funds | 0.08% | 137 NS | July 31, 2026 | N-PORT |
| XYLD · Global X Funds | 0.08% | 8,836 NS | July 31, 2026 | N-PORT |
| XTR · Global X Funds | 0.08% | 13 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.08% | 172 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.08% | 8,638 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.08% | 14,436 NS | July 31, 2026 | N-PORT |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.08% | 2,554 SH | Oct. 2, 2026 | Daily |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.08% | 23,289 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.08% | 2,854 NS | July 31, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.08% | 15 NS | July 31, 2026 | N-PORT |
| PBP · Invesco Exchange-Traded Fund Trust | 0.07% | 1,004 SH | Oct. 1, 2026 | Daily |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.07% | 29,394 SH | Oct. 2, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.07% | 52,758 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.07% | 120,238 NS | July 31, 2026 | N-PORT |
| IVV · iShares Trust | 0.07% | 2,138,441 SH | Sept. 11, 2026 | Daily |
| ILCB · iShares Trust | 0.07% | 3,268 SH | Sept. 11, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.07% | 24,246 SH | Oct. 1, 2026 | Daily |
| SPUU · Direxion Shares ETF Trust | 0.07% | 640 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.07% | 4,407,579 SH | Aug. 19, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.07% | 198,158 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.07% | 27,833 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.07% | 675 NS | July 31, 2026 | N-PORT |
| QDPL · Pacer Funds Trust | 0.07% | 4,080 NS | July 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.07% | 7,306 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.07% | 117,296 SH | Sept. 11, 2026 | Daily |
| USCL · iShares Trust | 0.07% | 6,781 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.06% | 219,523 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.06% | 46,242 SH | Sept. 11, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.06% | 21,273 SH | Oct. 2, 2026 | Daily |
| PHDG · Invesco Actively Managed Exchange-T… | 0.06% | 133 SH | Oct. 2, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.06% | 1,181 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.06% | 5,387,788 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.06% | 14,207 SH | Aug. 19, 2026 | Daily |
| TOK · iShares Trust | 0.06% | 488 SH | Sept. 11, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.06% | 13,263 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.06% | 6,403 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.06% | 1,050 NS | July 31, 2026 | N-PORT |
| URTH · iShares, Inc. | 0.05% | 15,355 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.05% | 3,950 NS | July 31, 2026 | N-PORT |
| ACWI · iShares Trust | 0.05% | 54,398 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.05% | 1,253 SH | Oct. 2, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.04% | 141,469 SH | Aug. 19, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.03% | 5,033 SH | Oct. 2, 2026 | Daily |
| GTOS · Invesco Actively Managed Exchange-T… | 0.00% | 3,000 | Sept. 30, 2026 | Daily |
| GTO · Invesco Actively Managed Exchange-T… | 0.00% | 46,000 | Sept. 30, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCSH · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDX · VANGUARD CHARLOTTE FUNDS | · | · | July 15, 2026 | Daily |
| VCEB · VANGUARD WORLD FUND | · | · | July 30, 2026 | Daily |
WAB Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 18 analysts
BUY
Median target
$335.00
+16.5%
6 33.3%
Strong Buy
7 38.9%
Buy
5 27.8%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
12 analysts · 2026-10-02Mean target $329.58 +14.6%
← Below all targets
Current price $287.54
Low$292.00
Mean$329.58
High$355.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| WAB | $36.41B | 31.3 | 7.5% | 10.5% | 11.0% | 34.1% |
| CAT | $266.56B | 30.5 | 4.3% | 13.1% | 44.4% | · |
| CMI | · | 24.9 | -1.3% | 8.8% | 26.2% | 25.3% |
| PCAR | · | 24.3 | -15.5% | 8.3% | 12.9% | · |
| ALSN | · | 13.4 | -6.7% | 20.7% | 34.4% | 48.6% |
| OSK | $7.86B | · | -2.9% | 6.2% | 14.9% | 17.4% |
| FSS | $6.61B | 27.1 | 17.1% | 11.3% | 18.6% | 28.9% |
| TEX | $3.46B | 16.0 | 5.7% | 4.1% | 10.9% | 19.4% |
| ATMU | · | 20.8 | 5.7% | 11.8% | 59.7% | 28.2% |
| TRN | · | 8.7 | -29.9% | 11.7% | 23.7% | · |
| BLBD | $1.85B | 14.9 | 9.9% | 8.6% | 61.6% | 20.5% |
Latest News Recent headlines mentioning this company
Fifth Third Bancorp Now #235 Largest Company, Surpassing Wabtec
Nasdaq · 4 months ago
Moody’s cuts Wabash rating third time in a year, execs eye ‘27 rebound
Yahoo Finance · 4 months, 3 weeks ago
If You Invested $1000 In Westinghouse Air Brake Stock 20 Years Ago , You Would Have This Much Today - Westinghouse Air Brake ( NYSE : WAB )
www.benzinga.com · 7 months, 1 week ago
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Source: SEC 10-Q filed Jul 22, 2026