Westinghouse Air Brake Technologies Corp (WAB) — Tangible Net Worth Ratio
Westinghouse Air Brake Technologies Corp (WAB) has a Tangible Net Worth Ratio of 62.0% as of March 2026. This metric is calculated by deducting intangible assets ($4.24 Billion) from net assets ($11.15 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore net asset momentum of Westinghouse Air Brake Technologies Corp to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Westinghouse Air Brake Technologies Corp Tangible Net Worth Ratio (1993–2025)
This chart shows how Westinghouse Air Brake Technologies Corp's Tangible Net Worth Ratio has changed across 29 annual periods from 1993 to 2025. As of March 2026, the ratio stands at 62.0%, reflecting net assets of $11.15 Billion with intangible assets of $4.24 Billion USD. For live market cap and overall valuation, see Westinghouse Air Brake Technologies Corp market capitalisation.
Annual Tangible Net Worth Ratio for Westinghouse Air Brake Technologies Corp (1993–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Westinghouse Air Brake Technologies Corp from 1993 to 2025, covering 29 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore WAB capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 65.7% | $11.19 Billion | $3.84 Billion | $22.07 Billion | ▼ -5.3 pp |
| 2024 | 71.0% | $10.13 Billion | $2.93 Billion | $18.70 Billion | ▲ +1.5 pp |
| 2023 | 69.5% | $10.52 Billion | $3.21 Billion | $18.99 Billion | ▲ +3.1 pp |
| 2022 | 66.5% | $10.15 Billion | $3.40 Billion | $18.52 Billion | ▲ +2.7 pp |
| 2021 | 63.8% | $10.24 Billion | $3.71 Billion | $18.45 Billion | ▲ +1.9 pp |
| 2020 | 61.9% | $10.15 Billion | $3.87 Billion | $18.45 Billion | ▲ +3.0 pp |
| 2019 | 58.9% | $9.99 Billion | $4.10 Billion | $18.89 Billion | ▼ -1.7 pp |
| 2018 | 60.6% | $2.87 Billion | $1.13 Billion | $8.65 Billion | ▲ +3.2 pp |
| 2017 | 57.4% | $2.83 Billion | $1.20 Billion | $6.58 Billion | ▼ -7.2 pp |
| 2016 | 64.6% | $2.98 Billion | $1.05 Billion | $6.58 Billion | ▼ -9.5 pp |
| 2015 | 74.1% | $1.70 Billion | $440.55 Million | $3.30 Billion | ▼ -2.5 pp |
| 2014 | 76.6% | $1.81 Billion | $422.81 Million | $3.30 Billion | ▲ +0.9 pp |
| 2013 | 75.7% | $1.59 Billion | $385.69 Million | $2.82 Billion | ▼ -0.3 pp |
| 2012 | 76.0% | $1.28 Billion | $308.30 Million | $2.35 Billion | ▲ +0.5 pp |
| 2011 | 75.4% | $1.05 Billion | $257.36 Million | $2.16 Billion | ▼ -0.6 pp |
| 2010 | 76.0% | $903.39 Million | $216.91 Million | $1.80 Billion | ▲ +0.1 pp |
| 2009 | 75.9% | $778.91 Million | $187.63 Million | $1.59 Billion | ▲ +12.6 pp |
| 2008 | 63.3% | $645.37 Million | $236.74 Million | $1.51 Billion | ▼ -27.2 pp |
| 2007 | 90.5% | $617.27 Million | $58.67 Million | $1.16 Billion | ▼ 0.0 pp |
| 2006 | 90.5% | $469.89 Million | $44.49 Million | $972.84 Million | ▲ +0.8 pp |
| 2005 | 89.7% | $379.21 Million | $39.13 Million | $836.36 Million | ▼ -0.4 pp |
| 2004 | 90.1% | $312.43 Million | $30.89 Million | $713.40 Million | ▲ +49.4 pp |
| 2003 | 40.7% | $248.29 Million | $147.23 Million | $656.30 Million | ▲ +16.5 pp |
| 2002 | 24.2% | $199.26 Million | $150.97 Million | $588.87 Million | ▲ +23.4 pp |
| 2001 | 0.9% | $245.27 Million | $243.14 Million | $729.95 Million | ▲ +36.0 pp |
| 2000 | -35.1% | $196.37 Million | $265.39 Million | $984.05 Million | ▲ +17.2 pp |
| 1999 | -52.3% | $181.88 Million | $277.05 Million | $996.68 Million | ▼ -100.4 pp |
| 1994 | 48.1% | $46.80 Million | $24.30 Million | $187.70 Million | ▲ +213.5 pp |
| 1993 | -165.5% | $11.00 Million | $29.20 Million | $175.60 Million | — |