WAB at a glance
Wabtec (WAB, SEC CIK 943452) filed its latest 10-K annual report on February 13, 2026, a 10-Q quarterly report on July 22, 2026, an 8-K current report on October 1, 2026 and Form 4 insider filings as recently as September 3, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Wabtec (WAB) reported revenue of $11.2 billion (up 7.5% from FY2024) and net income of $1.2 billion. Diluted EPS was $6.83.
- As of June 30, 2026, 41 institutional investment managers tracked by SignalX reported holding Wabtec (WAB) shares worth $23.3 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Santana Rafael on September 2, 2026 of 370 shares at $279.21 per share.
- In the last 90 days, WAB insiders reported 0 open-market purchases ($0) and 27 open-market sales ($6.7M) on Form 4, a net sale of $6.7M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $11.2B
- +7.5% vs prior year
- Insiders · 90 days
- 0 buys · 27 sells
- Net −$6.7M
- 13F holders
- 41 funds
- $23.3B · +0 vs prior quarter
- Latest 8-K
- Oct 1, 2026
- Item 2.03
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Global provider of technology-based locomotives, equipment, systems, and services for freight rail, passenger transit, mining, marine, and industrial markets
- New focus and acquisitions in 2025: Added Inspection Technologies division and Frauscher Sensor Technology Group to expand digital intelligence and inspection capabilities
- Strategic emphasis shifting towards digital intelligence, expanding offerings in positive train control, nondestructive testing, remote inspection, and axle counting systems
- Employee base steady at approximately 31,000 across 50+ countries; Freight segment accounted for 72% of net sales, Transit 28% in 2025
- Sustainability leadership: Third consecutive year winning Norfolk Southern Thoroughbred Sustainability Partner Award; advancing fuel efficiency, renewable diesel, biofuels, and hydrogen research
Risk Factors
- U.S. Foreign Corrupt Practices Act and international anti-corruption laws risk, potential civil/criminal penalties from employee or partner violations
- Russia-Ukraine conflict impacting Kazakhstan operations with supply, distribution, and currency disruptions, future effects unpredictable
- COVID-19 pandemic caused supply chain disruptions across China, India, U.S., and Europe, leading to component and chip shortages
- Competitive threat from rivals with enhanced low-cost sourcing and government support could limit pricing power and market share
- Dependence on key customers with cyclical order patterns risks significant revenue decline if relationships reduce or terminate
Management Discussion & Analysis
- Revenue summary not explicitly stated; new locomotive orders $2.2B in Q4 2025; largest multi-national locomotive order ~$4.2B
- Restructuring charges $75M in 2025 vs $65M in 2024; no specific margin % figures disclosed for 2025 vs 2024
- Best segment: Freight with $2.2B locomotive orders; Transit segment new orders totaling approx. $272M (brakes $140M, platform doors $85M)
- Acquisitions: Inspection Technologies $1.788B, Frauscher $792M, Dellner Couplers €890M (~$948M) completed or closed in 2025-2026
- Outlook risks: macroeconomic volatility, tariffs, inflation, supply chain disruptions, labor availability; mitigation via price escalations, cost control, restructuring programs
AI summary of the WAB 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $3.179B, up 17.5% YoY from $2.706B
- Gross margin 36.5% vs 34.7% YoY
- Freight largest segment: sales $2.243B, up 16.9%; Transit fastest growth, up 18.9% to $936M
- Operating cash flow $640M vs $400M; acquisitions used $1.062B and capital expenditures $108M
- Record backlog $30.9B; tariff costs and trade-policy volatility remained headwinds
Risk Factors
- No material changes in risk factors from the December 31, 2025 Form 10-K
- Carried-forward risks unchanged; the filing provides no updated regulatory, operational, competitive, or financial risk details
AI summary of the WAB 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.03: Creation of a Direct Financial Obligation
- New commercial paper program allowing up to $2.0 billion outstanding
- Short-term unsecured notes maturing within 397 days, with rates set at issuance
Item 2.02: Results of Operations and Financial Condition
- No substantive Item 2.02 earnings information provided
- Filing text contains only an incorporation-by-reference disclaimer
Item 5.07: Submission of Matters to a Vote of Security Holders
- Three director nominees elected for terms expiring 2029, including Rafael Santana, Lee C. Banks, and Byron S. Foster
- Executive compensation advisory vote approved, with 135,106,344 shares supporting
AI summaries of WAB 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for WAB
Don't miss the next WAB filing
- Alerts as it files. A push when WAB files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut WAB, by share count.
- Ask anything. An AI agent that reads every WAB filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Santana Rafael | Sell | Sep 2, 2026 | 370 | $279.21 |
| Santana Rafael | Sell | Sep 2, 2026 | 268 | $281.10 |
| Santana Rafael | Sell | Sep 2, 2026 | 126 | $282.03 |
| Santana Rafael | Sell | Sep 2, 2026 | 323 | $280.21 |
| Santana Rafael | Sell | Sep 1, 2026 | 590 | $279.87 |
| Santana Rafael | Sell | Sep 1, 2026 | 194 | $280.86 |
| Santana Rafael | Sell | Sep 1, 2026 | 194 | $278.93 |
| Santana Rafael | Sell | Sep 1, 2026 | 118 | $281.74 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $10.4B | $11.2B |
| Gross Profit | - | $3.4B | $3.8B |
| Operating Income | - | $1.6B | $1.8B |
| Net Income | - | $1.1B | $1.2B |
| Gross Margin | - | 32.4% | 34.1% |
| Op. Margin | - | 15.5% | 16.1% |
| Net Margin | - | 10.2% | 10.5% |
| Balance Sheet | |||
| Total Assets | $19.0B | $18.7B | $22.1B |
| Equity | $10.5B | $10.1B | $11.1B |
| ROE | - | 10.5% | 10.5% |
| Per Share | |||
| EPS | - | $6.04 | $6.83 |
| Cash Flow | |||
| Operating CF | - | $1.8B | $1.8B |
| CapEx | - | $207.0M | $260.0M |
Source: XBRL data in Wabtec (WAB)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate WAB share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 41 | $23.29B |
| Q1 2026 | 41 | $20.91B |
| Q4 2025 | 41 | $17.79B |
| Q3 2025 | 41 | $16.21B |
| Q2 2025 | 39 | $16.84B |
| Q1 2025 | 33 | $10.82B |
| Q4 2024 | 32 | $9.83B |
| Q3 2024 | 30 | $3.56B |
- FMR LLC (Fidelity)+1.66M (+8%)
- Ameriprise Financial+802.6K (+450%)
- Invesco Ltd+662.9K (+31%)
- State Street Corp+164.8K (+2%)
- JPMorgan Chase & Co+138.7K (+10%)
- T. Rowe Price Group−731.8K (-9%)
- Two Sigma Investments−201.3K (-65%)
- Raymond James Financial−150.1K (-20%)
- PNC Financial Services−28.6K (-5%)
- Dimensional Fund Advisors−11.1K (-1%)
- Renaissance Technologies LLC−116.1K
Source: 13F-HR filings on SEC EDGAR (aggregated from 298 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
WAB filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Oct 1, 2026 | - | Analysis | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 21, 2026 | - | - | - |
| 4 | Aug 18, 2026 | - | - | - |
| 4 | Aug 6, 2026 | - | - | - |
| 4 | Jul 27, 2026 | - | - | - |
| 4 | Jul 27, 2026 | - | - | - |
| 4 | Jul 27, 2026 | - | - | - |
| 10-Q | Jul 22, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 22, 2026 | - | Analysis | - |
| 4 | Jul 8, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jun 16, 2026 | - | - | - |
| 4 | Jun 9, 2026 | - | - | |
| 8-K | May 15, 2026 | - | Analysis | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 15, 2026 | - | - | |
| 4 | May 7, 2026 | - | - | |
| 4 | May 7, 2026 | - | - |
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WAB SEC filings: frequently asked questions
Are WAB insiders buying or selling?
In the last 90 days, Wabtec (WAB) officers, directors and 10% owners reported no open-market purchases and 27 open-market sales worth $6.7 million by 7 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold WAB stock?
As of June 30, 2026, the largest Wabtec (WAB) holders among the 13F filers tracked by SignalX were FMR LLC (Fidelity) ($5.8 billion), BlackRock ($3.7 billion), Vanguard Capital Management LLC ($3.0 billion), State Street Corp ($2.1 billion), T. Rowe Price Group ($2.0 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was WAB's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Wabtec (WAB) reported revenue of $11.2 billion (up 7.5% from FY2024) and net income of $1.2 billion. Diluted EPS was $6.83. The figures come from the XBRL data in the 10-K.
What are the main risks in WAB's latest 10-K?
In the 10-K filed February 13, 2026, Wabtec (WAB) flagged: U.S. Foreign Corrupt Practices Act and international anti-corruption laws risk, potential civil/criminal penalties from employee or partner violations. Russia-Ukraine conflict impacting Kazakhstan operations with supply, distribution, and currency disruptions, future effects unpredictable. (AI summary of the Risk Factors section.)
What did WAB report in its latest 8-K?
Wabtec (WAB) filed an 8-K on October 1, 2026 reporting Item 2.03 (Creation of a Direct Financial Obligation). New commercial paper program allowing up to $2.0 billion outstanding.
What are the latest WAB SEC filings?
Wabtec (WAB) filed its latest 10-K annual report on February 13, 2026, a 10-Q quarterly report on July 22, 2026, an 8-K current report on October 1, 2026 and a Form 4 insider filing on September 3, 2026.
What is WAB's SEC CIK number?
Wabtec (WAB)'s SEC Central Index Key (CIK) is 943452. EDGAR lists every WAB filing under that number.
Ask anything about WAB
The research agent reads WAB's filings, financials, insider trades and 13F holders, then answers with sources.