Westinghouse Air Brake Technologies's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Westinghouse Air Brake Technologies (WAB) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Westinghouse Air Brake Technologies vs Its Competitors
- TTM: Trailing 12-month revenue of 11,980M vs 146,771M combined for tracked competitors (7.5% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+6.1% annualized vs trailing 12 months), vs accelerating (+7.8%) for its tracked peer group.
- Growth: Westinghouse Air Brake Technologies generated 17.5% revenue growth year over year in Q2 2026, vs 20.7% for its tracked competitors combined.
- Profitability: Its 12.4% net margin compares with 14.7% for the peer group.
- Scale: Westinghouse Air Brake Technologies ranks #5 of 11 companies by market capitalization in the Railroads industry, holding 11.0% of industry market cap.
- Peer revenue share: Westinghouse Air Brake Technologies accounted for 7.4% of combined revenue among its tracked peer group, down from 7.6% a year earlier.
- Peer differentiation: Revenue per employee of $0.39M compares with $0.66M for the peer group (0.6x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
WAB Sales vs. its Competitors, Q2 2026
Westinghouse Air Brake Technologies reported revenue growth of 17.48 % year on year in Q2 2026, below its competitors' combined revenue growth of 20.68 %.
With a net margin of 12.43 %, Westinghouse Air Brake Technologies reported lower profitability than its competitors (14.71 %).
Westinghouse Air Brake Technologies generated 7.44 % of the combined sales of its peer group, down from 7.63 % a year earlier.
Westinghouse Air Brake Technologies vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Westinghouse Air Brake Technologies and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Westinghouse Air Brake Technologies Corporation | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (8) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (4) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Westinghouse Air Brake Technologies's competitor groups requires a Commercial License.
For context: the Railroads industry grew revenue 6.9% year over year, combined, vs 17.5% for Westinghouse Air Brake Technologies. Westinghouse Air Brake Technologies's share of combined industry revenue moved from 6.50% to 7.15%, a gain of 0.64 percentage points.
Westinghouse Air Brake Technologies's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Westinghouse Air Brake Technologies Corporation | Yes | Yes | Yes | Yes |
| Competitors combined (8) | ||||
| High-Confidence Competitors (3) | ||||
| Similar-Size Competitors (9) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 75.00 % (6 of 8) | 37.50 % (3 of 8) | 25.00 % (2 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
WAB Stock Performance relative to its Competitors
WAB Stock Performance relative to High-Confidence Competitors
WAB Stock Performance relative to Similar-Size Competitors
WAB Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Caterpillar Inc | 282.9% | Outperformed |
| 2 | Enpro Inc | 282.9% | Outperformed |
| 3 | Generac Holdings Inc | 282.9% | Outperformed |
| 4 | General Electric Company | 282.9% | Outperformed |
| 5 | Trinity Industries Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Westinghouse Air Brake Technologies's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Westinghouse Air Brake Technologies's Comment on Competition and Industry Peers
Publicly Traded Peers of Westinghouse Air Brake Technologies Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Westinghouse Air Brake Technologies Corporation | 49,585.95 | 11,980.00 |
| Caterpillar Inc | 379,226.88 | 74,729.00 |
| General Electric Company | 333,197.28 | 50,638.00 |
| Generac Holdings Inc | 12,237.79 | 4,441.69 |
| Enpro Inc | 6,579.22 | 1,223.80 |
| Icahn Enterprises l p | 4,592.69 | 10,603.00 |
| SUBTOTAL | 789,234.87 | 158,750.52 |
Sign in to see all competitors of Westinghouse Air Brake Technologies Corporation.
Sources: Westinghouse Air Brake Technologies Corporation's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Westinghouse Air Brake Technologies Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Westinghouse Air Brake Technologies's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Caterpillar | Named by the company | 85% |
| Amsted Industries Corporation | Named by the company | 85% |
| Knorr-Bremse AG | Named by the company | 85% |
| Brookfield Renewable Partners L p | Named by the company | 85% |
| Electro-Motive Diesel | Named by the company | 85% |
| Wabtec | Named by the company | 85% |
| Amsted Rail Company, Inc. | Named by the company | 85% |
| New York Air Brake Company | Named by the company | 85% |
| Brookfield Renewable Corporation | Named by the company | 85% |
| Knorr | Named by the company | 85% |
| Progress Rail | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Westinghouse Air Brake Technologies's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Westinghouse Air Brake Technologies's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Westinghouse Air Brake Technologies Corporation | Freight 71.69 % |
| Caterpillar Inc | Construction Industries 41.12 % |
| General Electric Company | Commercial Engines and Services, Reportable 72.90 % |
| Generac Holdings Inc | Residential Segment 52.81 % |
| Enpro Inc | Sealing Technologies 63.81 % |
| Icahn Enterprises l p | Energy Segment 89.17 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Sign in to see all peers for Westinghouse Air Brake Technologies Corporation.
Westinghouse Air Brake Technologies's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Westinghouse Air Brake Technologies Corporation | 49,586 | 386,452 | 41,129 |
| Caterpillar Inc | 379,227 | 633,297 | 91,873 |
| General Electric Company | 333,197 | 888,386 | 157,579 |
| Generac Holdings Inc | 12,238 | 472,521 | 27,529 |
| Enpro Inc | 6,579 | 305,950 | 11,025 |
| Icahn Enterprises l p | 4,593 | 782,683 | -36,613 |
| PEERS TOTAL | 739,649 | 663,991 | 90,847 |
Sign in to see all peers for Westinghouse Air Brake Technologies Corporation.
Westinghouse Air Brake Technologies's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Caterpillar Inc | Latin America -0.11 % |
| Enpro Inc | United States 56.79 % |
| Freightcar America Inc | US 100.00 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Westinghouse Air Brake Technologies's Position in Industry Market Structure
Market-capitalization share and concentration across all 10 companies in Westinghouse Air Brake Technologies's industry classification, broader than the peer set above. Market cap in millions of $.Westinghouse Air Brake Technologies ranks #5 of 10 companies by market capitalization in its industry, holding 11.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 2,333, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Union Pacific Corp | 162,815 | 36.12 % |
| 2 | Csx Corporation | 86,927 | 19.29 % |
| 3 | Canadian Pacific Kansas City Ltd | 76,787 | 17.04 % |
| 4 | Norfolk Southern Corp | 70,436 | 15.63 % |
| 5 | Westinghouse Air Brake Technologies Corporation | 49,586 | 11.00 % |
| 6 | Trinity Industries Inc | 1,234 | 5.2% |
| 7 | The Greenbrier Companies Inc | 1,234 | 5.2% |
| 8 | Ftai Infrastructure Inc | 1,234 | 5.2% |
| 9 | Freightcar America Inc | 1,234 | 5.2% |
| 10 | Rail Vision Ltd | 1,234 | 5.2% |
Market cap and industry share for the rest of Westinghouse Air Brake Technologies's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.
Westinghouse Air Brake Technologies's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Union Pacific Corp | 162,815 | 18.28 % |
| 2 | Csx Corporation | 86,927 | 38.43 % |
| 3 | Canadian Pacific Kansas City Ltd | 76,787 | 16.88 % |
| 4 | Norfolk Southern Corp | 70,436 | 10.78 % |
| 5 | Westinghouse Air Brake Technologies Corporation | 49,586 | 49.28 % |
| 6 | Trinity Industries Inc | 1,234 | 12.3% |
| 7 | The Greenbrier Companies Inc | 1,234 | 12.3% |
| 8 | Ftai Infrastructure Inc | 1,234 | 12.3% |
| 9 | Freightcar America Inc | 1,234 | 12.3% |
| 10 | Rail Vision Ltd | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Westinghouse Air Brake Technologies's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Westinghouse Air Brake Technologies's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Railroads industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (17 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 25.28 % | 54.96 % (avg) | -29.7 pp |
| Operating Margin | 16.39 % | industry median | -17.8 pp |
| EBITDA Margin | 19.59 % | 29.62 % (avg) | -10.0 pp |
| Capital Intensity (Capex / Revenue) | 2.38 % | 11.51 % (avg) | -9.1 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Westinghouse Air Brake Technologies's Valuation vs Competitive Position
Valuation multiples vs the Railroads industry average (17 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 35.5x | 20.9x | +14.7x |
| EV / EBITDA | 21.8x | 16.1x | +5.7x |
| P/B | 4.0x | 3.6x | +0.4x |
| Return on Equity | 11.41 % | industry aggregate | -11.96 % |
| Return on Invested Capital | 6.77 % | 4.90 % (avg) | 1.88 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Westinghouse Air Brake Technologies's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 12.41 % | 87.92 % | -7.85 % | 3.52 % | 6.90 % | 15.73 % | 7.34 % | 7.51 % |
| Operating Margin | 10.85 % | 8.09 % | 9.85 % | 11.20 % | 12.09 % | 13.08 % | 15.49 % | 16.06 % |
| Return on Invested Capital | 5.23 % | 2.58 % | 2.93 % | 3.40 % | 3.98 % | 4.98 % | 6.29 % | 6.44 % |
| P/E | 25.5x | 47.4x | 34.1x | 31.2x | 29.0x | 26.8x | 32.2x | 30.1x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Westinghouse Air Brake Technologies's Strategic Group Map
Every company in Westinghouse Air Brake Technologies's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Westinghouse Air Brake Technologies is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Westinghouse Air Brake Technologies's BCG Growth-Share Matrix
Relative market share (vs Westinghouse Air Brake Technologies's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Westinghouse Air Brake Technologies falls in the Dog quadrant: relative market share of 0.30x vs its largest competitor, in an industry growing revenue 2.3% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Union Pacific Corp alone holds 36% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Westinghouse Air Brake Technologies's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 2,333 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 2.38 % vs industry average 11.51 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Westinghouse Air Brake Technologies's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Westinghouse Air Brake Technologies's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Westinghouse Air Brake Technologies's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Westinghouse Air Brake Technologies falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Westinghouse Air Brake Technologies's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+6.1% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Operating margin 17.8 points below the industry median.
- Return on equity 12.0 points below the industry aggregate.
- Low relative market share vs the industry leader (0.30x).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
- Industry dominated by Union Pacific Corp, holding 36.12 % of industry market cap.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Westinghouse Air Brake Technologies's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Westinghouse Air Brake Technologies Corporation | - | 1.15 | 0.57 |
| Caterpillar Inc | 0.19 | 1.39 | 0.99 |
| General Electric Company | - | 0.86 | 1.09 |
| Generac Holdings Inc | 0.25 | 2.07 | 0.61 |
| Enpro Inc | 0.52 | 2.31 | 0.37 |
| Icahn Enterprises l p | 0.43 | 0.87 | 2.30 |
Sign in to see all peers for Westinghouse Air Brake Technologies Corporation.
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Westinghouse Air Brake Technologies's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Westinghouse Air Brake Technologies Corporation | Q2 2026 | +17.5 % | +16.5 % |
| Caterpillar Inc | Q2 2026 | +24.0 % | +64.9 % |
| General Electric Company | Q2 2026 | +21.1 % | +16.6 % |
| Generac Holdings Inc | Q2 2026 | +10.9 % | +92.1 % |
| Enpro Inc | Q2 2026 | +17.6 % | +2.7 % |
| Icahn Enterprises l p | Q2 2026 | +25.6 % | - |
| PEERS TOTAL | +20.4 % | +36.9 % |
Sign in to see all peers for Westinghouse Air Brake Technologies Corporation.
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Westinghouse Air Brake Technologies's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Westinghouse Air Brake Technologies Corporation | Q2 2026 | +14.1 % | +59.0 % |
| Caterpillar Inc | Q2 2026 | +18.3 % | +16.3 % |
| General Electric Company | Q2 2026 | +540.9 % | +2.4 % |
| Generac Holdings Inc | Q2 2026 | +1.1 % | +1.0 % |
| Enpro Inc | Q2 2026 | +16.2 % | +49.1 % |
| Icahn Enterprises l p | Q2 2026 | - | -16.7 % |
Sign in to see all peers for Westinghouse Air Brake Technologies Corporation.
Westinghouse Air Brake Technologies's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Westinghouse Air Brake Technologies Corporation | 5.67% | 7.14% | 11.41% |
| Caterpillar Inc | 11.11% | 17.90% | 54.18% |
| General Electric Company | 6.98% | 11.25% | 48.50% |
| Generac Holdings Inc | 4.59% | 5.56% | 9.55% |
| Enpro Inc | 1.70% | 1.74% | 2.84% |
| Icahn Enterprises l p | - | - | - |
Sign in to see all peers for Westinghouse Air Brake Technologies Corporation.
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Westinghouse Air Brake Technologies's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Westinghouse Air Brake Technologies Corporation | 39.30 | 4.14 |
| Caterpillar Inc | 35.33 | 5.07 |
| General Electric Company | 37.57 | 6.58 |
| Generac Holdings Inc | 46.85 | 2.76 |
| Enpro Inc | 149.24 | 5.38 |
| Icahn Enterprises l p | - | 0.43 |
| PEERS AVERAGE | 36.96 | 4.97 |
Sign in to see all peers for Westinghouse Air Brake Technologies Corporation.
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.