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Wabtec Valuation Multiples
Discover revenue and EBITDA valuation multiples for Wabtec and similar public comparables like Beijing-Shanghai High Speed Railway, MTR Corp., East Japan Railway, Central Japan Railway and more.
Wabtec Overview
About Wabtec
Westinghouse Air Brake Technologies Corp provides value-added, technology-based products and services for the freight rail and passenger transit industries and the mining, marine, and industrial markets. It provides its products and services through two main business segments: Freight and Transit. The company generates maximum revenue from the Freight segment, which manufactures new and modernized locomotives, provides aftermarket parts and services to existing locomotives, provides components to new and existing freight cars; builds new commuter locomotives; supplies rail control and infrastructure products, including electronics, positive train control equipment, signal design, and engineering services. Geographically, it generates a majority of its revenue from the United States.
Founded
1989
HQ

Employees
31.0K
Website
Sectors
Financials (LTM)
EV
$50B
Wabtec Financials
Wabtec reported last 12-month revenue of $11B and EBITDA of $3B.
In the same LTM period, Wabtec generated $4B in gross profit, $3B in EBITDA, and $2B in net income.
Revenue (LTM)
Wabtec P&L
In the most recent fiscal year, Wabtec reported revenue of $11B and EBITDA of $2B.
Wabtec expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $11B | XXX | $11B | XXX | XXX | XXX |
| Gross Profit | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | 35% | XXX | 34% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| EBIT Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| Net Debt | — | — | $5B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Wabtec Stock Performance
Wabtec has current market cap of $45B, and enterprise value of $50B.
Market Cap Evolution
Wabtec's stock price is $263.67.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $50B | $45B | 0.0% | XXX | XXX | XXX | $9.01 |
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Start Free TrialWabtec Valuation Multiples
Wabtec trades at 4.4x EV/Revenue multiple, and 19.5x EV/EBITDA.
EV / Revenue (LTM)
Wabtec Financial Valuation Multiples
As of March 9, 2026, Wabtec has market cap of $45B and EV of $50B.
Equity research analysts estimate Wabtec's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Wabtec has a P/E ratio of 28.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $45B | XXX | $45B | XXX | XXX | XXX |
| EV (current) | $50B | XXX | $50B | XXX | XXX | XXX |
| EV/Revenue | 4.4x | XXX | 4.5x | XXX | XXX | XXX |
| EV/EBITDA | 19.5x | XXX | 20.0x | XXX | XXX | XXX |
| EV/EBIT | 21.4x | XXX | 21.9x | XXX | XXX | XXX |
| EV/Gross Profit | 12.6x | XXX | 13.1x | XXX | XXX | XXX |
| P/E | 28.5x | XXX | 29.3x | XXX | XXX | XXX |
| EV/FCF | 32.3x | XXX | 31.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Wabtec Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Wabtec Margins & Growth Rates
Wabtec's revenue in the last 12 month grew by 10%.
Wabtec's revenue per employee in the last FY averaged $0.4M.
Wabtec's rule of 40 is 32% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Wabtec's rule of X is 46% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Wabtec Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Growth | 13% | XXX | 14% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 32% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 46% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 2% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 18% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Wabtec Public Comps
See public comps and valuation multiples for other Railways comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Beijing-Shanghai High Speed Railway | XXX | XXX | XXX | XXX | XXX | XXX |
| MTR Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| East Japan Railway | XXX | XXX | XXX | XXX | XXX | XXX |
| Central Japan Railway | XXX | XXX | XXX | XXX | XXX | XXX |
| CRRC Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Wabtec M&A Activity
Wabtec acquired XXX companies to date.
Last acquisition by Wabtec was on XXXXXXXX, XXXXX. Wabtec acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Wabtec
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialWabtec Investment Activity
Wabtec invested in XXX companies to date.
Wabtec made its latest investment on XXXXXXXX, XXXXX. Wabtec invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Wabtec
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Wabtec
| When was Wabtec founded? | Wabtec was founded in 1989. |
| Where is Wabtec headquartered? | Wabtec is headquartered in United States. |
| How many employees does Wabtec have? | As of today, Wabtec has over 31K employees. |
| Who is the CEO of Wabtec? | Wabtec's CEO is Rafael Santana. |
| Is Wabtec publicly listed? | Yes, Wabtec is a public company listed on NYSE. |
| What is the stock symbol of Wabtec? | Wabtec trades under WAB ticker. |
| When did Wabtec go public? | Wabtec went public in 1995. |
| Who are competitors of Wabtec? | Wabtec main competitors are Beijing-Shanghai High Speed Railway, MTR Corp., East Japan Railway, Central Japan Railway. |
| What is the current market cap of Wabtec? | Wabtec's current market cap is $45B. |
| What is the current revenue of Wabtec? | Wabtec's last 12 months revenue is $11B. |
| What is the current revenue growth of Wabtec? | Wabtec revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of Wabtec? | Current revenue multiple of Wabtec is 4.4x. |
| Is Wabtec profitable? | Yes, Wabtec is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Wabtec? | Wabtec's last 12 months EBITDA is $3B. |
| What is Wabtec's EBITDA margin? | Wabtec's last 12 months EBITDA margin is 22%. |
| What is the current EV/EBITDA multiple of Wabtec? | Current EBITDA multiple of Wabtec is 19.5x. |
| What is the current FCF of Wabtec? | Wabtec's last 12 months FCF is $2B. |
| What is Wabtec's FCF margin? | Wabtec's last 12 months FCF margin is 14%. |
| What is the current EV/FCF multiple of Wabtec? | Current FCF multiple of Wabtec is 32.3x. |
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