Westinghouse Air Brake Technologies Corp
Westinghouse Air Brake Technologies Corporation provides technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide. It offers diesel-electric and liquid natural gas-powered locomotives; engines, electric motors, and propulsion systems; and marine and mining products. The company also offers positive train control equipment; elec… Read more
Westinghouse Air Brake Technologies Corp (WAB) - Net Assets
Latest net assets as of September 2025: $11.10 Billion USD
Based on the latest financial reports, Westinghouse Air Brake Technologies Corp (WAB) has net assets worth $11.10 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($21.53 Billion) and total liabilities ($10.43 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $11.10 Billion |
| % of Total Assets | 51.54% |
| Annual Growth Rate | 24.63% |
| 5-Year Change | -0.19% |
| 10-Year Change | 495.59% |
| Growth Volatility | 101.53 |
Westinghouse Air Brake Technologies Corp - Net Assets Trend (1993–2024)
This chart illustrates how Westinghouse Air Brake Technologies Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Westinghouse Air Brake Technologies Corp (1993–2024)
The table below shows the annual net assets of Westinghouse Air Brake Technologies Corp from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $10.13 Billion | -3.72% |
| 2023-12-31 | $10.52 Billion | +3.72% |
| 2022-12-31 | $10.15 Billion | -0.90% |
| 2021-12-31 | $10.24 Billion | +0.85% |
| 2020-12-31 | $10.15 Billion | +1.59% |
| 2019-12-31 | $9.99 Billion | +248.32% |
| 2018-12-31 | $2.87 Billion | +1.43% |
| 2017-12-31 | $2.83 Billion | -4.98% |
| 2016-12-31 | $2.98 Billion | +74.97% |
| 2015-12-31 | $1.70 Billion | -5.91% |
| 2014-12-31 | $1.81 Billion | +13.93% |
| 2013-12-31 | $1.59 Billion | +23.80% |
| 2012-12-31 | $1.28 Billion | +22.37% |
| 2011-12-31 | $1.05 Billion | +15.97% |
| 2010-12-31 | $903.39 Million | +15.98% |
| 2009-12-31 | $778.91 Million | +20.69% |
| 2008-12-31 | $645.37 Million | +4.55% |
| 2007-12-31 | $617.27 Million | +31.36% |
| 2006-12-31 | $469.89 Million | +23.91% |
| 2005-12-31 | $379.21 Million | +21.37% |
| 2004-12-31 | $312.43 Million | +25.83% |
| 2003-12-31 | $248.29 Million | +24.61% |
| 2002-12-31 | $199.26 Million | -18.76% |
| 2001-12-31 | $245.27 Million | +24.90% |
| 2000-12-31 | $196.37 Million | +7.97% |
| 1999-12-31 | $181.88 Million | +636.51% |
| 1998-12-31 | $-33.90 Million | +57.25% |
| 1997-12-31 | $-79.30 Million | -4.07% |
| 1996-12-31 | $-76.20 Million | +29.90% |
| 1995-12-31 | $-108.70 Million | -332.26% |
| 1994-12-31 | $46.80 Million | +325.45% |
| 1993-12-31 | $11.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Westinghouse Air Brake Technologies Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 176614.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $6.18 Billion | 61.29% |
| Common Stock | $2.00 Million | 0.02% |
| Other Comprehensive Income | $-846.00 Million | -8.38% |
| Other Components | $4.75 Billion | 47.07% |
| Total Equity | $10.09 Billion | 100.00% |
Westinghouse Air Brake Technologies Corp Competitors by Market Cap
The table below lists competitors of Westinghouse Air Brake Technologies Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Garmin Ltd
NYSE:GRMN
|
$38.51 Billion |
|
Argen-X
F:1AE
|
$38.55 Billion |
|
UTD OV. BK-LOC-ADR/1 SD 1
F:UOB0
|
$38.61 Billion |
|
UH3
F:UH3
|
$38.65 Billion |
|
Crown Castle International Corp.
LSE:0I4W
|
$38.25 Billion |
|
MSCI Inc
NYSE:MSCI
|
$38.17 Billion |
|
Strategy Inc
LSE:0A7O
|
$38.08 Billion |
|
Kongsberg Gruppen ASA
PINK:NSKFF
|
$37.87 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Westinghouse Air Brake Technologies Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,487,000,000 to 10,091,000,000, a change of -396,000,000 (-3.8%).
- Net income of 1,056,000,000 contributed positively to equity growth.
- Dividend payments of 140,000,000 reduced retained earnings.
- Share repurchases of 1,097,000,000 reduced equity.
- Other comprehensive income decreased equity by 256,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.06 Billion | +10.46% |
| Dividends Paid | $140.00 Million | -1.39% |
| Share Repurchases | $1.10 Billion | -10.87% |
| Other Comprehensive Income | $-256.00 Million | -2.54% |
| Other Changes | $41.00 Million | +0.41% |
| Total Change | $- | -3.78% |
Book Value vs Market Value Analysis
This analysis compares Westinghouse Air Brake Technologies Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.14x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 1745.85x to 4.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $0.14 | $239.20 | x |
| 1994-12-31 | $0.59 | $239.20 | x |
| 1995-12-31 | $-2.05 | $239.20 | x |
| 1996-12-31 | $-1.34 | $239.20 | x |
| 1997-12-31 | $-1.53 | $239.20 | x |
| 1998-12-31 | $-0.66 | $239.20 | x |
| 1999-12-31 | $2.06 | $239.20 | x |
| 2000-12-31 | $2.26 | $239.20 | x |
| 2001-12-31 | $2.84 | $239.20 | x |
| 2002-12-31 | $2.28 | $239.20 | x |
| 2003-12-31 | $2.82 | $239.20 | x |
| 2004-12-31 | $3.41 | $239.20 | x |
| 2005-12-31 | $3.98 | $239.20 | x |
| 2006-12-31 | $4.78 | $239.20 | x |
| 2007-12-31 | $6.28 | $239.20 | x |
| 2008-12-31 | $6.61 | $239.20 | x |
| 2009-12-31 | $8.10 | $239.20 | x |
| 2010-12-31 | $9.37 | $239.20 | x |
| 2011-12-31 | $10.81 | $239.20 | x |
| 2012-12-31 | $13.20 | $239.20 | x |
| 2013-12-31 | $16.37 | $239.20 | x |
| 2014-12-31 | $18.65 | $239.20 | x |
| 2015-12-31 | $17.52 | $239.20 | x |
| 2016-12-31 | $24.20 | $239.20 | x |
| 2017-12-31 | $29.23 | $239.20 | x |
| 2018-12-31 | $29.69 | $239.20 | x |
| 2019-12-31 | $56.16 | $239.20 | x |
| 2020-12-31 | $53.16 | $239.20 | x |
| 2021-12-31 | $54.23 | $239.20 | x |
| 2022-12-31 | $55.26 | $239.20 | x |
| 2023-12-31 | $58.42 | $239.20 | x |
| 2024-12-31 | $57.73 | $239.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Westinghouse Air Brake Technologies Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.46%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.17%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.85x
- Recent ROE (10.46%) is below the historical average (20.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 255.45% | 9.85% | 1.62x | 15.96x | $27.00 Million |
| 1994 | 78.63% | 10.59% | 1.85x | 4.01x | $32.12 Million |
| 1995 | 0.00% | 7.93% | 1.61x | 0.00x | $44.57 Million |
| 1996 | 0.00% | 7.21% | 1.25x | 0.00x | $40.32 Million |
| 1997 | 0.00% | 6.61% | 2.12x | 0.00x | $65.43 Million |
| 1998 | 0.00% | 7.13% | 1.74x | 0.00x | $77.29 Million |
| 1999 | 20.14% | 4.34% | 0.85x | 5.48x | $18.44 Million |
| 2000 | 12.93% | 3.13% | 0.82x | 5.01x | $5.76 Million |
| 2001 | 25.19% | 7.88% | 1.07x | 2.98x | $37.25 Million |
| 2002 | -22.81% | -6.53% | 1.18x | 2.96x | $-65.38 Million |
| 2003 | 9.14% | 3.16% | 1.09x | 2.64x | $-2.13 Million |
| 2004 | 10.38% | 3.95% | 1.15x | 2.28x | $1.20 Million |
| 2005 | 14.71% | 5.39% | 1.24x | 2.21x | $17.86 Million |
| 2006 | 18.05% | 7.80% | 1.12x | 2.07x | $37.82 Million |
| 2007 | 17.75% | 8.06% | 1.17x | 1.88x | $47.84 Million |
| 2008 | 20.23% | 8.29% | 1.04x | 2.34x | $66.01 Million |
| 2009 | 14.81% | 8.21% | 0.88x | 2.04x | $37.36 Million |
| 2010 | 13.68% | 8.17% | 0.84x | 2.00x | $33.12 Million |
| 2011 | 16.28% | 8.65% | 0.91x | 2.07x | $65.63 Million |
| 2012 | 19.72% | 10.53% | 1.02x | 1.84x | $124.05 Million |
| 2013 | 18.43% | 11.39% | 0.91x | 1.78x | $133.71 Million |
| 2014 | 19.46% | 11.55% | 0.92x | 1.83x | $170.96 Million |
| 2015 | 23.45% | 12.05% | 1.00x | 1.94x | $228.67 Million |
| 2016 | 13.82% | 10.40% | 0.45x | 2.98x | $84.29 Million |
| 2017 | 9.34% | 6.76% | 0.59x | 2.34x | $-18.59 Million |
| 2018 | 10.29% | 6.76% | 0.50x | 3.02x | $8.39 Million |
| 2019 | 3.28% | 3.99% | 0.43x | 1.90x | $-668.65 Million |
| 2020 | 4.09% | 5.48% | 0.41x | 1.82x | $-598.23 Million |
| 2021 | 5.47% | 7.13% | 0.42x | 1.81x | $-462.10 Million |
| 2022 | 6.27% | 7.57% | 0.45x | 1.83x | $-377.20 Million |
| 2023 | 7.77% | 8.42% | 0.51x | 1.81x | $-233.70 Million |
| 2024 | 10.46% | 10.17% | 0.56x | 1.85x | $46.90 Million |
Industry Comparison
This section compares Westinghouse Air Brake Technologies Corp's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $385,612,201,198
- Average return on equity (ROE) among peers: 9.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Westinghouse Air Brake Technologies Corp (WAB) | $11.10 Billion | 255.45% | 0.94x | $38.37 Billion |
| Alstom PK (ALSMY) | $1.84 Billion | 9.84% | 9.00x | $659.84 Million |
| Alstom SA (AOMFF) | $9.10 Billion | -1.45% | 2.45x | $6.62 Billion |
| Bangkok Expressway and Metro Public Company Limited (BKKXF) | $37.66 Billion | 9.24% | 1.99x | $2.46 Billion |
| BTS Group Holdings Public Company Limited (BTGWF) | $52.15 Billion | 5.51% | 1.77x | $1.93 Billion |
| Central Japan Railway Co (CJPRY) | $3.51 Trillion | 12.51% | 1.65x | $9.22 Billion |
| Canadian National Railway Company (CNI) | $19.65 Billion | 18.04% | 1.28x | $58.49 Billion |
| Canadian Pacific Railway Ltd (CP) | $6.64 Billion | 29.40% | 2.23x | $69.57 Billion |
| CRRC Corporation Limited (CRCCY) | $169.14 Billion | 6.70% | 1.32x | $22.96 Billion |
| China Railway Signal & Communication Corporation Limited (CRYCY) | $47.28 Billion | 7.69% | 1.47x | $7.38 Billion |
| CSX Corporation (CSX) | $4.59 Billion | -2.57% | 1.50x | $73.08 Billion |