Short answer
Wabtec (WAB) filed its Q3 2025 10-Q quarterly report on Oct 22, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $2.9B (up 8.4% year over year) with net income of $310M.
Q3 2025 key financials · XBRL
- Revenue
- $2.9B
- +8.4% YoY · +6.7% QoQ
- Net income
- $310M
- +9.5% YoY · −7.7% QoQ
- Operating margin
- 17.0%
- Gross margin
- 34.7%
- EPS (diluted)
- $1.80
- +10.4% YoY · −8.2% QoQ
Source: XBRL data from the Wabtec (WAB) Q3 2025 10-Q on SEC EDGAR. USD.
Wabtec Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $2.89B, up 8.4% YoY from $2.66B; Freight Segment $2.09B (+8.4%), Transit Segment $796M (+8.2%)
- Operating margin 17.7% vs 18.2% YoY; Freight operating margin 19.8% vs 20.2% YoY, Transit operating margin 14.5% vs 10.8% YoY (improved by 3.7 pts)
- Best segment: Freight Segment sales growth $163M, margin 19.8%; Worst segment: Freight Services sales declined, impacting digital intelligence and components
- Cash from operations $767M vs $1.11B YoY; $1.755B used for acquisitions in 9M 2025; net debt increased via $1.235B debt drawdown for Inspection Technologies acquisition
- Management notes risks from macroeconomic volatility, tariffs, inflation, supply chain and labor; mitigating via pricing, efficiency and integration synergies; no updated guidance provided
Risk Factors
- No new or changed risk factors compared to 2024 10-K
- Ongoing supply chain disruptions remain a key operational risk impacting production schedules
- Exposure to fluctuations in commodity prices continues to affect cost structures
- Dependence on rail industry capital spending constrains near-term revenue growth
- Debt maturity schedule unchanged with no immediate liquidity concerns
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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