tickmark
Sign in

Tickdelta is free for now. Sign up and get Pro free

← Screener

WABWabtec

Industrials · Railroad Equipment · NYSE

Westinghouse Air Brake Technologies Corporation, doing business as Wabtec Corporation, is a Delaware corporation with headquarters at 30 Isabella Street in Pittsburgh, Pennsylvania. 10-K, Item 1

Employees
31,000
Headquarters
Pittsburgh, PA
CEO
Rafael Santana
Next results
around Feb 10, 2027
Compare with peers → Embed
RevenueFY2016–25 $11.2B+7.5% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $1.2B+10.8% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 $1.5B−7.9% FY2024: $1.6B 10-K FY2025 · XBRL Operating marginFY2016–25 16.1%+0.6 pts 15.6% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 13, 2026 against Feb 12, 2025
AreaWhat changedSource
Risk factors3 new paragraphs, nothing like them in the previous 10-K10-K Item 1A
Receivables growing faster than revenueReceivables +22.4% vs revenue +7.5% (+14.9 pts)10-K · XBRL
Inventory growing faster than revenueInventory +18.6% vs revenue +7.5% (+11.1 pts)10-K · XBRL
Critical audit matters changedNew this year: Valuation of Customer Relationships Intangible Asset in the Acquisition of Evident’s Inspection Technologies Division (“As discussed in Note 3 to the consolidated financial statements, on July 1, 2025, the Company acquired Evident’s Inspection Technologies division (“Inspection Technologies”). The transaction was accounted for under the acquisition method of accounting. The Company preliminarily determined the fair v”). Same as last year: Over Time Revenue Recognition for Long-Term Contracts10-K · XBRL
Accounting checks8 other checks clear, 3 worth a look10-K · XBRL
InsidersNo open-market buys in the last 90 daysForm 4
Filings4 in the last 30 daysEDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 13, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-12. Quoted as filed.

  1. As a result of our acquisitions from time to time, we have goodwill recorded on our balance sheet. Goodwill is tested for impairment annually or more often if events or changes in circumstances indicate a potential impairment may exist. Factors that could indicate that our goodwill could be impaired include a decline in our stock price…
    10-K, Item 1A
All 3 new paragraphs →

Accounting checks

latest 10-K

8 of 11 clear 3 worth a look. Checks, not verdicts.

  • !
    Receivables growing faster than revenueReceivables +22.4% vs revenue +7.5% (+14.9 pts)
  • !
    Inventory growing faster than revenueInventory +18.6% vs revenue +7.5% (+11.1 pts)
  • !
    Critical audit matters changedNew this year: Valuation of Customer Relationships Intangible Asset in the Acquisition of Evident’s Inspection Technologies Division (“As discussed in Note 3 to the consolidated financial statements, on July 1, 2025, the Company acquired Evident’s Inspection Technologies division (“Inspection Technologies”). The transaction was accounted for under the acquisition method of accounting. The Company preliminarily determined the fair v”). Same as last year: Over Time Revenue Recognition for Long-Term Contracts
  • ✓
    Cash from operations $1.8B vs net income $1.2B (FY ending 2025-12-31)
  • ✓
    Same auditor in both 10-Ks: Ernst & Young LLP
  • ✓
    No statement of substantial doubt about going concern
  • ✓
    No 8-K item 4.02 in the last 2 years
  • ✓
    No NT 10-K or NT 10-Q in the last 2 years
  • ✓
    No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • ✓
    No 8-K item 2.06 in the last 2 years
  • ✓
    No 8-K item 1.03 in the last 2 years
How each check works, with sources →

In the last 30 days

All filings →

Work on WAB in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/WAB/export.csv") into a cell.