金脈コード
企業一覧に戻る

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP（WAB）の決算・業績分析

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPの2025年有価証券報告書をAI分析。売上高$11.2B(+7.5%)。営業利益$1.8B。Industrials。

目次
SUMMARY — 業績サマリー

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPの2025年度 業績サマリー

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP（証券コード: WAB）の2025年度決算・業績分析。売上高は$11.2B（前年比+7.5%）。営業利益は$1.8B（前年比+11.4%）。純利益は$1.2B（前年比+10.8%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPの2024年度 注目ポイント

※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。

  1. Revenue reached $8.4B in FY2024, up 6.9% YoY (XBRL), with 5-year revenue CAGR of 17.3% (XBRL).
  2. Operating income surged to $1.0B (+15.4% YoY) and net income rose to $633M (+13.4% YoY) (XBRL).
  3. Strong financial health: Equity ratio of 55.2% and debt-to-equity ratio of 0.81x (XBRL).
  4. Shareholder returns totaled $584M via dividends ($111M) and buybacks ($473M) (XBRL).

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPの売上高変化の要因

  • •Revenue grew to $8.4B in FY2024, up 6.9% YoY (XBRL), with a 5-year CAGR of 17.3% (XBRL). Historical data shows revenue increasing from $4.4B in FY2020 to $8.4B in FY2024. Operating income rose to $1.0B (+15.4% YoY) and net income to $633M (+13.4% YoY). The 5-year CAGR for net income is 22.5% (XBRL). Growth drivers include demand for freight and transit solutions, supported by acquisitions (e.g., Tehnika Pty. Ltd., Bloom Engineering Holdings, Inc.) in 2024 (10-K). Segment-specific revenue details are not disclosed in the XBRL data or 10-K text (N/A).

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPの営業利益変化の要因

  • •Profitability metrics include a gross margin of 30.4%, operating margin of 12.1%, and net margin of 7.6% (XBRL). Operating income increased by 15.4% YoY (from $876M in FY2023 to $1.0B in FY2024). EBITDA of $1.5B (17.8% of revenue) reflects strong cost management. Net income rose to $633M (+13.4% YoY). The 5-year CAGR for operating income is 21.7% (XBRL).

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPの事業リスクと対応

Dependence on key customers: Loss of major clients could harm revenue and operations (10-K).

Intense competition: Competitors may have greater resources or innovation capabilities (10-K).

Inability to predict customer demand: May lead to inventory issues or missed opportunities (10-K).

Technological disruption: Failure to adopt new innovations could reduce demand for products (10-K).

Cyclical market fluctuations: Revenue is vulnerable to economic downturns and government spending changes (10-K).

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPの事業内容

Westinghouse Air Brake Technologies Corp (WAB) is a global provider of technology-based locomotives, equipment, systems, and services for freight rail, passenger transit, mining, marine, and industrial markets (10-K). The company generates revenue through the sale of locomotives, freight car components, aftermarket services, software-enabled solutions, and infrastructure products (XBRL: $8.4B revenue FY2024). Key segments include the Freight Segment (manufacturing locomotives, freight car components, and rail control systems) and the Transit Segment (supplying commuter locomotives, automatic door mechanisms, and rail infrastructure products) (10-K). Competitive advantages include strategic acquisitions (e.g., Faiveley Transport, GE Transportation) and a focus on safety, productivity, and emissions compliance (10-K). The company employs ~29,500 workers (10-K) and reports no significant customer concentration (N/A).

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPのAI業績分析レポート（2024年度）

Highlights

•Revenue reached $8.4B in FY2024, up 6.9% YoY (XBRL), with 5-year revenue CAGR of 17.3% (XBRL).
•Operating income surged to $1.0B (+15.4% YoY) and net income rose to $633M (+13.4% YoY) (XBRL).
•Strong financial health: Equity ratio of 55.2% and debt-to-equity ratio of 0.81x (XBRL).
•Shareholder returns totaled $584M via dividends ($111M) and buybacks ($473M) (XBRL).

Business Overview

Westinghouse Air Brake Technologies Corp (WAB) is a global provider of technology-based locomotives, equipment, systems, and services for freight rail, passenger transit, mining, marine, and industrial markets (10-K). The company generates revenue through the sale of locomotives, freight car components, aftermarket services, software-enabled solutions, and infrastructure products (XBRL: $8.4B revenue FY2024). Key segments include the Freight Segment (manufacturing locomotives, freight car components, and rail control systems) and the Transit Segment (supplying commuter locomotives, automatic door mechanisms, and rail infrastructure products) (10-K). Competitive advantages include strategic acquisitions (e.g., Faiveley Transport, GE Transportation) and a focus on safety, productivity, and emissions compliance (10-K). The company employs ~29,500 workers (10-K) and reports no significant customer concentration (N/A).

Revenue Analysis

Revenue grew to $8.4B in FY2024, up 6.9% YoY (XBRL), with a 5-year CAGR of 17.3% (XBRL). Historical data shows revenue increasing from $4.4B in FY2020 to $8.4B in FY2024. Operating income rose to $1.0B (+15.4% YoY) and net income to $633M (+13.4% YoY). The 5-year CAGR for net income is 22.5% (XBRL). Growth drivers include demand for freight and transit solutions, supported by acquisitions (e.g., Tehnika Pty. Ltd., Bloom Engineering Holdings, Inc.) in 2024 (10-K). Segment-specific revenue details are not disclosed in the XBRL data or 10-K text (N/A).

Profitability Analysis

Profitability metrics include a gross margin of 30.4%, operating margin of 12.1%, and net margin of 7.6% (XBRL). Operating income increased by 15.4% YoY (from $876M in FY2023 to $1.0B in FY2024). EBITDA of $1.5B (17.8% of revenue) reflects strong cost management. Net income rose to $633M (+13.4% YoY). The 5-year CAGR for operating income is 21.7% (XBRL).

Balance Sheet Analysis

Total assets increased to $19.0B in FY2024 (XBRL), with total equity at $10.5B (XBRL). The equity ratio is 55.2%, and debt-to-equity ratio is 0.81x (XBRL). Long-term debt is $3.3B (XBRL). Current ratio is 1.20x (XBRL). Return on equity (ROE) is 6.0%, return on assets (ROA) is 3.3%, and return on invested capital (ROIC) is 4.4% (XBRL).

Cash Flow Analysis

Operating cash flow was $1.0B (XBRL), with free cash flow (FCF) of $889M (after $149M in CapEx). Investing cash flow was -$235M (XBRL), and financing cash flow was -$708M (XBRL), driven by $111M in dividends and $473M in share repurchases. CapEx intensity is 1.8% of revenue (XBRL), with R&D expense at $209M (XBRL).

Working Capital Analysis

Cash conversion cycle (CCC) is 115 days (XBRL), with receivables days at 51 days, inventory days at 143 days, and payables days at 78 days (XBRL).

Risks

1.Dependence on key customers: Loss of major clients could harm revenue and operations (10-K).
2.Intense competition: Competitors may have greater resources or innovation capabilities (10-K).
3.Inability to predict customer demand: May lead to inventory issues or missed opportunities (10-K).
4.Technological disruption: Failure to adopt new innovations could reduce demand for products (10-K).
5.Cyclical market fluctuations: Revenue is vulnerable to economic downturns and government spending changes (10-K).

Outlook

N/A. The 10-K does not provide specific management guidance or forward-looking trends (10-K).

Industrialsの企業一覧

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPと同じ「Industrials」セクターの企業

Accenture plcACN売上 $69.7BAKAMAI TECHNOLOGIES INCAKAM売上 $4.2BAllegion plcALLE売上 $4.1BAXON ENTERPRISE, INCAXON売上 $2.8BBALL CorpBALL売上 $13.2BBooking Holdings IncBKNG売上 $26.9BBaker Hughes CoBKR売上 $27.7BBROADRIDGE FINANCIAL SOLUTIONS, INCBR売上 $6.9BCARDINAL HEALTH INCCAH売上 $222.6BCATERPILLAR INCCAT売上 $67.6BCARNIVAL CORPCCL売上 $26.6BC. H. ROBINSON WORLDWIDE, INCCHRW売上 $16.2B