Westinghouse Air Brake Technologies Corp (WAB) - Net Assets

Latest as of March 2026: $11.15 Billion USD

Based on the latest financial reports, Westinghouse Air Brake Technologies Corp (WAB) has net assets worth $11.15 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($23.20 Billion) and total liabilities ($12.04 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. Check Westinghouse Air Brake Technologies Corp tangible equity quality to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	$11.15 Billion
% of Total Assets	48.07%
Annual Growth Rate	24.16%
5-Year Change	9.29%
10-Year Change	275.9%
Growth Volatility	99.72

Westinghouse Air Brake Technologies Corp - Net Assets Trend (1993–2025)

This chart illustrates how Westinghouse Air Brake Technologies Corp's net assets have evolved over time, based on quarterly financial data. See Westinghouse Air Brake Technologies Corp defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Westinghouse Air Brake Technologies Corp (1993–2025)

The table below shows the annual net assets of Westinghouse Air Brake Technologies Corp from 1993 to 2025. For live valuation and market cap data, see Westinghouse Air Brake Technologies Corp (WAB) total market value.

Year	Net Assets	Change
2025-12-31	$11.19 Billion	+10.43%
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 110700.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	$3.88 Billion	34.81%
Common Stock	$1.00 Million	0.01%
Other Comprehensive Income	$-616.00 Million	-5.53%
Other Components	$7.88 Billion	70.71%
Total Equity	$11.14 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	$45.17 Billion
Jiangsu Hengrui Medicine Co Ltd SHG:600276	$45.20 Billion
Shennan Circuits Co Ltd Class A SHE:002916	$45.23 Billion
Montage Technology Co Ltd SHG:688008	$45.28 Billion
Cheniere Energy Inc NYSE MKT:LNG	$44.96 Billion
Nebius Group N.V. NASDAQ:NBIS	$44.95 Billion
Exelon Corporation NASDAQ:EXC	$44.93 Billion
Flex Ltd F:FXI	$44.89 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 2024 to 2025, total equity changed from 10,091,000,000 to 11,142,000,000, a change of 1,051,000,000 (10.4%).
Net income of 1,170,000,000 contributed positively to equity growth.
Dividend payments of 173,000,000 reduced retained earnings.
Share repurchases of 223,000,000 reduced equity.
Other comprehensive income increased equity by 230,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	$1.17 Billion	+10.5%
Dividends Paid	$173.00 Million	-1.55%
Share Repurchases	$223.00 Million	-2.0%
Other Comprehensive Income	$230.00 Million	+2.06%
Other Changes	$47.00 Million	+0.42%
Total Change	$-	10.42%

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: 4.21x
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 1998.60x to 4.21x 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	$273.83	x
1994-12-31	$0.59	$273.83	x
1995-12-31	$-2.05	$273.83	x
1996-12-31	$-1.34	$273.83	x
1997-12-31	$-1.53	$273.83	x
1998-12-31	$-0.66	$273.83	x
1999-12-31	$2.06	$273.83	x
2000-12-31	$2.26	$273.83	x
2001-12-31	$2.84	$273.83	x
2002-12-31	$2.28	$273.83	x
2003-12-31	$2.82	$273.83	x
2004-12-31	$3.41	$273.83	x
2005-12-31	$3.98	$273.83	x
2006-12-31	$4.78	$273.83	x
2007-12-31	$6.28	$273.83	x
2008-12-31	$6.61	$273.83	x
2009-12-31	$8.10	$273.83	x
2010-12-31	$9.37	$273.83	x
2011-12-31	$10.81	$273.83	x
2012-12-31	$13.20	$273.83	x
2013-12-31	$16.37	$273.83	x
2014-12-31	$18.65	$273.83	x
2015-12-31	$17.52	$273.83	x
2016-12-31	$24.20	$273.83	x
2017-12-31	$29.23	$273.83	x
2018-12-31	$29.73	$273.83	x
2019-12-31	$56.37	$273.83	x
2020-12-31	$53.32	$273.83	x
2021-12-31	$54.43	$273.83	x
2022-12-31	$55.26	$273.83	x
2023-12-31	$58.42	$273.83	x
2024-12-31	$57.73	$273.83	x
2025-12-31	$65.12	$273.83	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): 10.50%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 10.48%
• Asset Turnover: 0.51x
• Equity Multiplier: 1.98x
Recent ROE (10.50%) is below the historical average (20.21%), 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	10.28%	6.76%	0.50x	3.01x	$7.99 Million
2019	3.27%	3.99%	0.43x	1.89x	$-672.36 Million
2020	4.08%	5.48%	0.41x	1.82x	$-601.27 Million
2021	5.45%	7.13%	0.42x	1.80x	$-465.90 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
2025	10.50%	10.48%	0.51x	1.98x	$55.80 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: $3,569,437,466
Average return on equity (ROE) among peers: -531.71%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Westinghouse Air Brake Technologies Corp (WAB)	$11.15 Billion	255.45%	1.08x	$45.10 Billion
CSX Corporation (CSX)	$11.67 Billion	16.86%	2.00x	$82.50 Billion
LB Foster Company (FSTR)	$232.59 Million	6.76%	0.43x	$436.75 Million
Greenbrier Companies Inc (GBX)	$1.46 Billion	3.22%	1.64x	$1.47 Billion
Norfolk Southern Corporation (NSC)	$12.41 Billion	16.12%	1.68x	$73.44 Billion
Freightcar America Inc (RAIL)	$197.03 Million	2.34%	0.98x	$160.18 Million
Rail Vision Ltd. Ordinary Share (RVSN)	$2.79 Million	-400.00%	1.12x	$9.65 Million
Swvl Holdings Corp (SWVL)	$2.63 Million	-4430.89%	20.86x	$15.54 Million
Trinity Industries Inc (TRN)	$2.75 Billion	13.66%	1.66x	$2.72 Billion
Union Pacific Corporation (UNP)	$3.41 Billion	-13.50%	2.19x	$152.51 Billion

About Westinghouse Air Brake Technologies Corp

NYSE:WAB USA Railroads

Market Cap

$46.46 Billion

Market Cap Rank

#604 Global

#295 in USA

Share Price

$273.83

Change (1 day)

+0.72%

52-Week Range

$185.65 - $273.83

All Time High

$273.83