Westinghouse Air Brake Technologies Corp

Westinghouse Air Brake Technologies Corp maintains a conservative capital structure with a debt-to-equity ratio of 0.39, indicating limited leverage relative to its equity base of $11.14 billion. The company holds total assets of $22.07 billion against total liabilities of $10.88 billion, resulting in a net cash position that is technically negative after subtracting total debt, as flagged in the risk assessment. Liquidity is assessed as medium, supported by operating cash flow of $1.76 billion, which significantly exceeds capital expenditures of $260 million, generating substantial free cash flow. The current market capitalization stands at $46.12 billion, reflecting a premium valuation with a price-to-earnings ratio of 39.42 and an EV/EBITDA of 28.11.

Profitability metrics show a return on equity of 10.5% and a return on assets of 5.3%, derived from net income of $1.17 billion on revenue of $11.17 billion. The gross profit margin stands at approximately 34.1%, with operating income of $1.79 billion, suggesting efficient operational leverage. While specific cohort medians are not provided for direct comparison, the high valuation multiples suggest the market prices in superior stability or growth prospects relative to broader industry peers. The company’s ability to generate $1.76 billion in operating cash flow from $11.17 billion in revenue indicates strong cash conversion efficiency.

Revenue concentration and segment details are not explicitly broken down in the provided data, but the classification as an Automobiles manufacturer suggests exposure to both rail and commercial vehicle markets. The company’s activity is defined as Automobile Manufacturers, implying a diversified customer base across transportation sectors. Without specific geographic or segment revenue splits, the analysis relies on the aggregate financial performance, which shows consistent profitability across the reported period.

Growth trajectory analysis is limited by the absence of historical period data in the input. However, the current revenue base of $11.17 billion and net income of $1.17 billion provide a solid foundation for future projections. The lack of historical trend data prevents a detailed assessment of revenue growth rates or earnings volatility over the past five years. The company’s current financial snapshot reflects a mature business with stable earnings generation.

Risk factors include a medium liquidity rating and a key flag noting that net cash is negative after subtracting total debt, despite the low dilution risk. The dilution risk is assessed as low, with basic and diluted shares outstanding both at 170.6 million, indicating no significant share-based compensation impact or recent equity issuances. The company’s balance sheet strength, with total equity exceeding long-term debt of $4.29 billion, mitigates credit risk, but the negative net cash position warrants monitoring of short-term liquidity needs.

Recent events and analyst sentiment reflect a positive outlook, with a mean price target of $301.33 and a median target of $304.00, implying upside potential from the current market price of $270.33. The mean recommendation of 2.00 (on a scale where 1 is strong buy) indicates a buy consensus, supported by 4 strong-buy and 5 buy ratings. The high price target of $318.00 and low of $283.33 suggest a relatively tight range of analyst expectations, reinforcing confidence in the company’s near-term performance.

Wabtec Corp (WAB.O) has experienced significant volatility in its institutional ownership structure, marked by major holder changes detected in late June 2026. Specifically, investor ID 587 underwent a dramatic shift in their position as of March 31, 2026, with holdings fluctuating between 1,370 shares and 563,092 shares. This investor’s stake value swung between approximately $0.34 million and $140.72 million, representing a weight in the portfolio that varied from 0.0002% to 8.12%. These changes were flagged as major severity events, with detection timestamps recorded on June 24, 26, and 27, 2026. Concurrently, another major holder, investor ID 931, significantly reduced their exposure to the company. As of March 31, 2026, this investor’s position dropped from 46,599 shares to just 112 shares. The value of this holding decreased from $11.24 million to $0.028 million, with the portfolio weight falling from 0.0054% to a negligible 0.000013%. This sharp contraction in holdings was detected on June 26, 2026, indicating a decisive exit or near-total liquidation of the position by this specific entity. These ownership shifts occur against a backdrop where Wabtec Corp maintains a presence in one index and is tracked by 36 top holders. However, the company currently has no reported analyst coverage or officer count data in the available records. The absence of prior analysis for this ticker means there is no historical basis for computing deltas in financial metrics or estimates, making these recent holder changes the primary material events for observation. The significance of these movements lies in the concentration of activity among specific large investors during the first quarter of 2026. The erratic nature of investor ID 587’s position—swinging between minimal and substantial stakes—combined with the near-complete exit by investor ID 931, suggests a period of high turnover or repositioning among key shareholders. For market participants, these major holder modifications highlight potential liquidity events or strategic realignments that may influence short-term trading dynamics, even in the absence of broader analyst commentary or index membership changes.

Revenue grew 9.3% annually over four years, reaching $11.2 billion in fiscal 2026, demonstrating strong top-line expansion.

Net income surged 20.3% annually over four years to $1.17 billion in fiscal 2026, highlighting robust profitability growth.

Analysts project 11.5% upside to a mean price target of $301.33, reflecting positive market sentiment on future performance.

Free cash flow reached $1.25 billion in fiscal 2026, providing substantial liquidity for dividends, buybacks, or reinvestment.

Long-term debt increased to $5.54 billion in fiscal 2026, raising concerns about leverage despite low debt-to-equity ratios.

The company faces medium liquidity risk, which could constrain financial flexibility during periods of market stress or downturns.

Medium credit risk flags suggest potential challenges in maintaining optimal borrowing costs or credit ratings in the future.

Free cash flow growth slowed to just 2.3% year-over-year in fiscal 2026, indicating diminishing returns on capital efficiency.

Revenue $2.95B, +13,0% YoY; Operating income +9,1% YoY.

• ▍Revenue $2.95B, +13,0% YoY
• ▍Operating income +9,1% YoY
• ▍Net income +12,4% YoY
• ▍Free cash flow +11,9% YoY
• ▍Net margin 12.3%

Revenue $2.96B, +14,8% YoY; Operating income +6,6% YoY.

• ▍Revenue $2.96B, +14,8% YoY
• ▍Operating income +6,6% YoY
• ▍Net income −4,7% YoY
• ▍Free cash flow −21,5% YoY
• ▍Net margin 6.8%

Revenue $2.89B, +8,4% YoY; Operating income +13,4% YoY.

• ▍Revenue $2.89B, +8,4% YoY
• ▍Operating income +13,4% YoY
• ▍Net income +9,5% YoY
• ▍Free cash flow +1,2% YoY
• ▍Net margin 10.7%

Revenue $2.71B, +2,3% YoY; Operating income +9,8% YoY.

• ▍Revenue $2.71B, +2,3% YoY
• ▍Operating income +9,8% YoY
• ▍Net income +16,3% YoY
• ▍Free cash flow +13,7% YoY
• ▍Net margin 12.4%

Revenue $2.61B; Operating income $474.0M.

• ▍Revenue $2.61B
• ▍Operating income $474.0M
• ▍Net margin 12.3%

Revenue $2.58B; Operating income $334.0M.

• ▍Revenue $2.58B
• ▍Operating income $334.0M
• ▍Net margin 8.2%

Revenue $2.66B; Operating income $433.0M.

• ▍Revenue $2.66B
• ▍Operating income $433.0M
• ▍Net margin 10.6%

Revenue $2.64B; Operating income $430.0M.

• ▍Revenue $2.64B
• ▍Operating income $430.0M
• ▍Net margin 10.9%

Revenue $11.17B, +7,5% YoY; Operating income +11,4% YoY.

• ▍Revenue $11.17B, +7,5% YoY
• ▍Operating income +11,4% YoY
• ▍Net income +10,8% YoY
• ▍Free cash flow +2,3% YoY
• ▍Net margin 10.5%

Revenue $10.39B, +7,3% YoY; Operating income +27,1% YoY.

• ▍Revenue $10.39B, +7,3% YoY
• ▍Operating income +27,1% YoY
• ▍Net income +29,6% YoY
• ▍Free cash flow +16,8% YoY
• ▍Net margin 10.2%

Revenue $9.68B, +15,7% YoY; Operating income +25,2% YoY.

• ▍Revenue $9.68B, +15,7% YoY
• ▍Operating income +25,2% YoY
• ▍Net income +28,8% YoY
• ▍Free cash flow +21,7% YoY
• ▍Net margin 8.4%

Revenue $8.36B, +6,9% YoY; Operating income +15,4% YoY.

• ▍Revenue $8.36B, +6,9% YoY
• ▍Operating income +15,4% YoY
• ▍Net income +13,4% YoY
• ▍Free cash flow +3,1% YoY
• ▍Net margin 7.6%