Westinghouse Air Brake Technologies Corporation
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Westinghouse Air Brake Technologies Corporation (WAB). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Freight Segment | $5.08B 67.3% | $5.24B 67.0% · +3.1% | $5.98B 71.5% · +14.1% | $6.92B 71.5% · +15.8% | $7.47B 71.9% · +7.9% | $8.04B 72.0% · +7.6% |
| Transit Segment | $2.47B 32.7% | $2.58B 33.0% · +4.4% | $2.38B 28.5% · -7.7% | $2.75B 28.5% · +15.6% | $2.92B 28.1% · +6.0% | $3.13B 28.0% · +7.3% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Freight Segment | – | – | – | $1.07B 15.4% | – | – |
| Transit Segment | – | – | $235.0M 9.9% | $295.0M 10.7% | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Product | $6.23B 82.5% | $6.21B 79.3% · -0.4% | $6.46B 77.2% · +4.1% | $7.65B 79.0% · +18.4% | $8.43B 81.2% · +10.3% | $9.26B 82.9% · +9.8% |
| Services | $1.32B 17.5% | $1.62B 20.7% · +22.2% | $1.90B 22.8% · +17.7% | $2.03B 21.0% · +6.7% | $1.95B 18.8% · -3.8% | $1.91B 17.1% · -2.4% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.