What is the 13F Pro Quality Score for WAB?

13F Pro ranks WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View WAB's current score at https://13fpro.ai/research/WAB (free sign-up required for the full ranking).

Which hedge funds own the most WAB stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of WAB include FMR, BlackRock,, VANGUARD CAPITAL MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/WAB as soon as new 13F filings post.

Where does 13F Pro source WAB data?

All WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP fundamentals and ownership data come directly from SEC EDGAR. WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP files with the SEC under CIK 943452. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is WAB in?

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) is classified in the Industrials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/industrials.

What drives WAB's revenue?

Per WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP's latest 10-Q filed with the SEC on 2026-04-22, the biggest revenue drivers are: Freight Segment ($2,115M, +11.3% YoY); Transit Segment ($835M, +17.8% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/WAB.

What are WAB's largest expenses?

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP's latest 10-Q reports these as the largest expense items: Cost of sales ($1,889M, +10.5% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is WAB research updated on 13F Pro?

WAB's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP(WAB)Stock Analysis

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13F Pro Quality Score

70.8/100

Rank #288 of 2,879 stocksTOP 25%

View Industrials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

58.4/100

Profitability

74.4/100

Balance Sheet

75.3/100

Earnings Quality

71.3/100

Free Cash Flow

55.9/100

Institutional Flow

90.9/100

Revenue Scale

87.4/100

Dilution Risk

66.4/100

WAB Stock Analysis & AI Quality Score

AI stock analysis and institutional research for WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB), a Industrials sector company. 13F Pro's AI-powered ranking engine scores WAB at 70.8/100 on a 32-signal composite quality model, placing it at rank #288 of 2,879 stocks — the top 25% of the AI-ranked universe. WAB scores in the top quartile across institutional flow (90.9), revenue scale (87.4), balance sheet strength (75.3). Based on the latest XBRL financial filings (Q1 2026), WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP reports quarterly revenue of $3.0B, net income of $362.0M, an operating margin of 17.5%. Top institutional holders of WAB by reported 13-F value include FMR, BlackRock,, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. WAB trades on the NYSE exchange and files with the SEC under CIK 943452. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WAB daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP directly from SEC EDGAR. WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP's 13F Pro composite quality score has ranged between 51 and 77 since 2021, currently 70.8 — an improving long-term trajectory across 30 quarterly and live scoring snapshots.

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Fun facts about WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP

Quirks, history, and lore behind WAB — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. industrial company · large-cap · listed on the NYSE · headquartered in Pennsylvania.
2
The Numbers
Annual revenue of roughly $10 billion, with operations spanning over 50 countries — this is not a small-town choo-choo operation.
3
The History
Traces its roots to 19th-century railroad innovation, and grew dramatically through a major merger with GE Transportation completed in 2019.
4
The Secret
Beyond locomotives, it quietly dominates the market for freight car equipment, transit systems, and digital technology that keeps trains from crashing into each other.
5
The Lore
Its founding technology — the automatic air brake — was invented in the 1860s and is still the reason trains can stop without every car needing its own brakeman hanging off the side.
6
The Giveaway
Named after its founder George Westinghouse's most famous invention, this company has been keeping trains from rolling off cliffs for over 150 years — and it's literally in the name.

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What's Driving WAB's Business? Latest 10-Q Breakdown

AI-extracted from WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP's 10-Q filed 2026-04-22 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Wabtec Q1 2026 revenue grew 13% to $2.95B, driven by $225M in acquisition contributions and organic growth, while operating income increased 9% to $517M.

Biggest Revenue Drivers

Total revenue: $2.95B+13.0% YoY

Freight Segment$2,115M+11.3% YoY

Higher North American and international locomotive deliveries, higher mining sales, offset by lower locomotive modernizations and engine overhauls.

Transit Segment$835M+17.8% YoY

Strong Aftermarket and OEM sales from fleet expansion, renewals, increased passenger ridership, and sustainable infrastructure investments.

Largest Expense Items

Cost of sales$1,889M+10.5% YoY

Increase proportional to sales growth; gross margin improved 150 bps to 36.0% due to productivity, cost management, and restructuring savings.

Watch Items from the Filing

Tariff exposure: Company experienced increased tariff costs in Q1 2026 unfavorably impacting results; expects mitigation efforts but cannot predict future trade policy impacts.
Significant acquisition activity: $1.053B Dellner Couplers, $792M Frauscher, and $1.797B Inspection Technologies acquisitions completed in 2025–2026; integration execution critical.
Large backlog growth: Backlog increased $3.4B from December 2025 to $30.8B at March 31, 2026; company expects to recognize ~30% over next 12 months.
Litigation settlement: Company settled all Progress Rail antitrust and related claims in February 2026 without admission of liability or impact on results.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$3.0B

Net Income

Q1 2026

$362.0M

Free Cash Flow

Q1 2026

$153.0M

Operating Margin

Q1 2026

17.5%

ROIC

Q1 2026

2.9%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+24.2% YoY

$10.39BFY 2024

FY19 $8.20BFY21 $7.82BFY22 $8.36BFY24 $10.39B

Net Income

+66.8% YoY

$1.06BFY 2024

FY19 $327.0MFY21 $558.0MFY22 $633.0MFY24 $1.06B

Operating Income

+59.1% YoY

$1.61BFY 2024

FY19 $663.0MFY21 $876.0MFY22 $1.01BFY24 $1.61B

EPS (Diluted)

+74.6% YoY

$6.04FY 2024

FY19 $1.84FY21 $2.96FY22 $3.46FY24 $6.04

Total Assets

+1.0% YoY

$18.70BFY 2024

FY19 $18.94BFY21 $18.45BFY22 $18.52BFY24 $18.70B

Total Debt

+5.3% YoY

$4.48BFY 2024

FY19 $4.62BFY21 $4.06BFY22 $4.25BFY24 $4.48B

Op. Cash Flow

+76.7% YoY

$1.83BFY 2024

FY19 $1.02BFY21 $1.07BFY22 $1.04BFY24 $1.83B

Metric	FY 2024	FY 2022	FY 2021	FY 2019	FY 2018	FY 2017
Revenue	$10.39B +24.2%	$8.36B +6.9%	$7.82B -4.6%	$8.20B +87.9%	$4.36B +12.4%	$3.88B
Net Income	$1.06B +66.8%	$633.0M +13.4%	$558.0M +70.6%	$327.0M +10.9%	$294.9M +12.4%	$262.3M
Operating Income	$1.61B +59.1%	$1.01B +15.4%	$876.0M +32.1%	$663.0M +40.1%	$473.4M +12.3%	$421.7M
EPS (Diluted)	$6.04 +74.6%	$3.46 +16.9%	$2.96 +60.9%	$1.84 -39.7%	$3.05 +12.1%	$2.72
Total Assets	$18.70B +1.0%	$18.52B +0.3%	$18.45B -2.6%	$18.94B +119.0%	$8.65B +31.4%	$6.58B
Total Debt	$4.48B +5.3%	$4.25B +4.8%	$4.06B -12.1%	$4.62B +15.9%	$3.99B +113.0%	$1.87B
Operating Cash Flow	$1.83B +76.7%	$1.04B -3.3%	$1.07B +5.6%	$1.02B +222.8%	$314.7M +66.7%	$188.8M

AI Insight: WAB Financial Trends

Revenue growth accelerating but profitability volatile; debt burden doubled in 12 months amid major capital deployment.

• Revenue grew 11.6% from Q2 2024 ($2,644M) to Q1 2026 ($2,950M), with Q3 2025 ($2,886M) marking highest quarterly sales.

• Operating income improved to $517M in Q1 2026 from $430M in Q2 2024, expanding operating margin to 17.5% vs. 16.3%.

• Total debt surged 85.9% from $4,500M (Q2 2024) to $8,368M (Q1 2026); debt-to-equity ratio rose from 0.43x to 0.75x.

⚠ Net income volatility: Q4 2025 bottomed at $202M despite $2,965M revenue; Q1 2026 recovery to $362M requires monitoring.

⚠ Operating cash flow swung wildly—$992M in Q4 2025 vs. $199M in Q1 2026—signaling working capital or timing pressures.

AI Insight: WAB Ratio Trends

WAB rebounded sharply in Q1 2026 with operating margin recovering to 17.5% and ROE jumping to 13.0%, but leverage spiked to 0.75 D/E and ROIC remains below 2024 peaks.

• Operating margin recovered from 12.0% in Q4 2025 to 17.5% in Q1 2026; NPM jumped to 12.3% from 6.8%.

• ROE and ROA both strengthened: ROE 13.0% in Q1 2026 vs. 7.2% in Q4 2025; ROA 6.2% vs. 3.7%.

• Debt-to-equity ratio rose to 0.75 in Q1 2026 from 0.61 in Q4 2025, reversing deleveraging progress.

⚠ ROIC at 10.6% in Q1 2026 remains 210bp below Q1 2025 peak of 12.7%; capital efficiency has not fully recovered.

⚠ Q4 profitability collapse (OpMargin 12.0%, NPM 6.8%) suggests seasonal weakness; sustainability of Q1 rebound unclear.

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Available Research

13F Pro tracks comprehensive data for WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of WAB

FMR LLC
$4.9B19,722,429 sh
BlackRock, Inc.
$3.4B13,739,098 sh
VANGUARD CAPITAL MANAGEMENT LLC
$2.8B11,081,573 sh
STATE STREET CORP
$1.9B7,740,942 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$1.8B7,157,876 sh
GEODE CAPITAL MANAGEMENT, LLC
$1.1B4,557,374 sh
FIL Ltd
$875.2M3,501,941 sh
NORDEA INVESTMENT MANAGEMENT AB
$863.9M3,555,877 sh
Select Equity Group, L.P.
$730.6M2,923,643 sh
WELLINGTON MANAGEMENT GROUP LLP
$627.3M2,509,912 sh

Fund	Value	Shares
FMR LLC	$4.9B	19,722,429
BlackRock, Inc.	$3.4B	13,739,098
VANGUARD CAPITAL MANAGEMENT LLC	$2.8B	11,081,573
STATE STREET CORP	$1.9B	7,740,942
VANGUARD PORTFOLIO MANAGEMENT LLC	$1.8B	7,157,876
GEODE CAPITAL MANAGEMENT, LLC	$1.1B	4,557,374
FIL Ltd	$875.2M	3,501,941
NORDEA INVESTMENT MANAGEMENT AB	$863.9M	3,555,877
Select Equity Group, L.P.	$730.6M	2,923,643
WELLINGTON MANAGEMENT GROUP LLP	$627.3M	2,509,912

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Is WAB a good stock to buy?

13F Pro's AI-powered analysis of WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP (WAB) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for WAB are available on the WAB stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own WAB?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling WAB. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP's investment landscape.