WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) closed fiscal year 2025 with a gross margin of 34.1 % and a net margin of 10.5 %.
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) closed fiscal year 2025 with a gross margin of 34.1 % and a net margin of 10.5 %. The same year shows an EBITDA margin of 20.5 % and an EBIT margin of 16.1 %. The free cash flow margin was 13.4 %. Against the previous year the gross margin moved +1.7 pp and the net margin +0.3 pp. Across the period the gross margin ranges between 27.1 % in 2008 and 34.1 % in 2025. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 27.13 % | 28.06 % | 29.80 % | 28.99 % | 29.05 % | 29.77 % | 30.74 % | 31.68 % | 31.53 % | 27.44 % | 28.28 % | 27.78 % | 28.28 % | 30.29 % | 30.38 % | 30.42 % | 32.41 % | 34.08 % |
| EBITDA margin (%) | 15.39 % | 15.38 % | 16.02 % | 16.04 % | 18.25 % | 19.03 % | 19.33 % | 20.32 % | 17.96 % | 13.51 % | 13.35 % | 12.98 % | 16.12 % | 17.48 % | 17.82 % | 18.57 % | 20.33 % | 20.54 % |
| EBIT margin (%) | 13.50 % | 12.84 % | 13.46 % | 13.76 % | 16.41 % | 17.04 % | 17.31 % | 18.37 % | 15.58 % | 10.85 % | 10.85 % | 8.09 % | 9.86 % | 11.20 % | 12.09 % | 13.08 % | 15.49 % | 16.06 % |
| Net margin (%) | 8.29 % | 8.21 % | 8.17 % | 8.65 % | 10.53 % | 11.39 % | 11.55 % | 12.05 % | 10.40 % | 6.76 % | 6.76 % | 3.99 % | 5.48 % | 7.13 % | 7.57 % | 8.42 % | 10.17 % | 10.48 % |
| FCF margin (%) | 8.64 % | 10.27 % | 10.30 % | 10.71 % | 8.42 % | 7.58 % | 13.95 % | 12.13 % | 13.66 % | 2.56 % | 5.07 % | 10.12 % | 8.58 % | 12.06 % | 10.63 % | 10.49 % | 15.66 % | 13.42 % |
