Company Dossier · Industrials
Wabtec
- S&P 500
- Russell 1000
What Wabtec is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to June 30, 2026: $12.0 billion, up 13% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to June 30, 2026: $1.71 billion, up 18% from a year earlier.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to June 30, 2026: $0.29 billion, up 38% from a year earlier.SEC EDGAR filings (XBRL)
- Share buybacks in the fiscal year to December 31, 2025: $0.22 billion.SEC EDGAR filings (10-K)
- Long-term debt issued in the fiscal year to December 31, 2025: $4.71 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (October 21, 2026): sentiment 0.60 on a −1 to +1 scale (mixed), confidence 0.80 of 1.Palanor Discourse
- Guidance in the last 90 days: 1 outlook figure raised, 0 lowered, 1 held.Guidance Ledger (8-K results releases)
- Latest annual report (filed February 13, 2026): 0 risk factors added, 0 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net sellers in Q3 2026: $7.3 million on the open market.SEC Form 4
- 1,197 institutional managers reported a position at June 30, 2026 (+31 on the quarter before).SEC Form 13F
- H-1B filings certified in Q2 2026: 29 (22 a year earlier).U.S. Department of Labor (OFLC)
Company Posture
How Company Posture is measured →What Wabtec is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Expanding · Confident
Expanding ↔ Retrenching
Expanding
- Capital spending89th pct
- Debt raised74th pct
- Buybacks vs capex57th pct
- Hiring filings35th pct
- Deals and private raises48th pct
- Patent publications89th pct
Confident ↔ Hedging
Confident
- Call sentiment58th pct
- Call confidence58th pct
- Guidance changes88th pct
- Risk factors added64th pct
- Insider open-market trades44th pct
- + Guidance changes
- + Risk factors added
- + Call sentiment
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver8th pct
- Stress filings50th pct
Credit
How these are built →Wabtec's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$6.4B
- Due within a year $1.7B
- Longer term $4.7B
- Default point $4.0B (short + ½ long)
Finance leases included · Sep 30, 2026 filing
Bonds priced, last 12 months
None
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
| Priced | Amount | Coupon | Matures | Spread | Yield |
|---|---|---|---|---|---|
| May 19, 2025 | $500M | 4.900% | 2030 (5y) | +85bp | 4.913% |
| May 19, 2025 | $750M | 5.500% | 2035 (10y) | +105bp | 5.509% |
| Feb 26, 2024 | $500M | 5.611% | 2034 (10y) | +132bp | 5.611% |
From the pricing term sheets Wabtec filed with the SEC. Spread is to the benchmark Treasury (or Bund, Gilt) at pricing.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Wabtec: earnings call sentiment
Palanor Discourse score per call, −1 to +1
Hiring and ownership
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Oct 21, 2026LobbyingLobbying report (VENN STRATEGIES)third_quarter 2026 · $0.2 million
- Oct 20, 2026Patent
- Oct 20, 2026Patent
- Oct 13, 2026Patent
- Oct 13, 2026Patent
- Oct 13, 2026Patent
- Jul 17, 2026LobbyingLobbying report (VENN STRATEGIES)second_quarter 2026 · $0.1 million
- May 15, 20268-KShareholder vote resultsItem 5.07
- Apr 15, 2026LobbyingLobbying report (VENN STRATEGIES)first_quarter 2026 · $0.1 million
- Feb 13, 202610-KAnnual report (10-K)0 risk factors added, 0 removed
- Jan 20, 2026LobbyingLobbying report (VENN STRATEGIES)fourth_quarter 2025 · $0.2 million
- Oct 20, 2025LobbyingLobbying report (VENN STRATEGIES)third_quarter 2025 · $0.1 million
- Jul 18, 2025LobbyingLobbying report (VENN STRATEGIES)second_quarter 2025 · $0.1 million
- May 29, 20258-KMaterial agreement signedItem 1.01
- May 19, 20258-KShareholder vote resultsItem 5.07
- Apr 25, 20258-KMaterial agreement signedItem 1.01
- Apr 21, 2025LobbyingLobbying report (VENN STRATEGIES)first_quarter 2025 · $0.2 million
- Feb 12, 202510-KAnnual report (10-K)0 risk factors added, 0 removed
- Jan 21, 2025LobbyingLobbying report (VENN STRATEGIES)fourth_quarter 2024 · $0.1 million
- Dec 4, 20248-KDirector or officer changeItem 5.02
- Feb 14, 202410-KAnnual report (10-K)0 risk factors added, 0 removed
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| Oshkosh Corporation OSK | $10.4B | $0.9B | Mar 31, 2026 |
| Paccar PCAR | $27.8B | $3.7B | Jun 30, 2026 |
| Cummins CMI | $33.7B | $3.4B | Jun 30, 2026 |
| Expeditors International EXPD | $12.0B | $0.9B | Jun 30, 2026 |
| Avis Budget Group CAR | $11.8B | — | Mar 31, 2026 |
| Cintas CTAS | $11.6B | $2.0B | Aug 31, 2026 |
| Vertiv VRT | $11.5B | $2.9B | Jun 30, 2026 |
| Norfolk Southern NSC | $12.5B | $1.6B | Jun 30, 2026 |