What is Wabtec's operating margin?

Latest reported operating margin for Wabtec (WAB) is 16.10% as of the trailing twelve months (TTM) ending March 31, 2026.

How has Wabtec operating margin changed year-over-year?

Wabtec (WAB) operating margin changed +1.2 percentage points year-over-year on the latest annual filing.

When did Wabtec operating margin hit its highest annual value?

Wabtec operating margin reached its highest annual value of 25.67% in 1994.

What was Wabtec operating margin in 2024?

Wabtec (WAB) operating margin in 2024 was 15.49%.

What was Wabtec operating margin in 2025?

Wabtec (WAB) operating margin in 2025 was 16.74%.

Wabtec (WAB) Operating Margin — Annual & Quarterly

TTM

16.1%

YoY change

+1.25pp

Trough year (2004)

6.7%

Peak year (1994)

25.7%

Operating Margin history chart for Wabtec (WAB) from 1993 to 2025

Latest: 16.7%

Operating Margin change chart for Wabtec (WAB) from 1993 to 2025

Latest: +1.25pp

Operating Margin history table for Wabtec (WAB) from 1993 to 2025


2025	16.7%	+1.25pp	Dec 31, 2025	Feb 13, 2026
2024	15.5%	+2.41pp	Dec 31, 2024	Feb 12, 2025
2023	13.1%	+0.99pp	Dec 31, 2023	Feb 14, 2024
2022	12.1%	+0.89pp	Dec 31, 2022	Feb 15, 2023
2021	11.2%	+1.34pp	Dec 31, 2021	Feb 17, 2022
2020	9.9%	+1.77pp	Dec 31, 2020	Feb 19, 2021
2019	8.1%	-2.76pp	Dec 31, 2019	Feb 24, 2020
2018	10.8%	+0.00pp	Dec 31, 2018	Feb 27, 2019
2017	10.8%	-4.73pp	Dec 31, 2017	Feb 26, 2018
2016	15.6%	-2.79pp	Dec 31, 2016	Feb 28, 2017
2015	18.4%	+1.05pp	Dec 31, 2015	Feb 19, 2016
2014	17.3%	+0.27pp	Dec 31, 2014	Feb 20, 2015
2013	17.0%	+0.63pp	Dec 31, 2013	Feb 21, 2014
2012	16.4%	+2.65pp	Dec 31, 2012	Feb 22, 2013
2011	13.8%	+0.30pp	Dec 31, 2011	Feb 24, 2012
2010	13.5%	+0.61pp	Dec 31, 2010	Feb 25, 2011
2009	12.8%	-0.65pp	Dec 31, 2009	Feb 24, 2010
2008	13.5%	+0.28pp	Dec 31, 2008	Feb 27, 2009
2007	13.2%	+1.25pp	Dec 31, 2007	Feb 29, 2008
2006	12.0%	+2.17pp	Dec 31, 2006	Mar 1, 2007
2005	9.8%	+3.05pp	Dec 31, 2005	Mar 16, 2006
2004	6.7%	-0.46pp	Dec 31, 2004	Mar 16, 2005
2003	7.2%	+0.37pp	Dec 31, 2003	May 14, 2004
2002	6.8%	-0.07pp	Dec 31, 2002	Mar 31, 2003
2001	6.9%	-2.69pp	Dec 31, 2001	Apr 1, 2002
2000	9.6%	-0.81pp	Dec 31, 2000	Mar 28, 2001
1999	10.4%	-3.60pp	Dec 31, 1999	Mar 28, 2000
1998	14.0%	-0.32pp	Dec 31, 1998	Mar 25, 1999
1997	14.3%	-3.15pp	Dec 31, 1997	Mar 20, 1998
1996	17.5%	-5.01pp	Dec 31, 1996	Jun 30, 1997
1995	22.5%	-3.20pp	Dec 31, 1995	Dec 31, 1995
1994	25.7%	+3.83pp	Dec 31, 1994	Dec 31, 1994
1993	21.8%	—	Dec 31, 1993	Dec 31, 1993

202516.7%+1.25pp
202415.5%+2.41pp
202313.1%+0.99pp
202212.1%+0.89pp
202111.2%+1.34pp
20209.9%+1.77pp
20198.1%-2.76pp
201810.8%+0.00pp
201710.8%-4.73pp
201615.6%-2.79pp
201518.4%+1.05pp
201417.3%+0.27pp
201317.0%+0.63pp
201216.4%+2.65pp
201113.8%+0.30pp
201013.5%+0.61pp
200912.8%-0.65pp
200813.5%+0.28pp
200713.2%+1.25pp
200612.0%+2.17pp
20059.8%+3.05pp
20046.7%-0.46pp
20037.2%+0.37pp
20026.8%-0.07pp
20016.9%-2.69pp
20009.6%-0.81pp
199910.4%-3.60pp
199814.0%-0.32pp
199714.3%-3.15pp
199617.5%-5.01pp
199522.5%-3.20pp
199425.7%+3.83pp
199321.8%—

Operating Margin values are taken from Wabtec's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at Wabtec (WAB)

According to Wabtec's latest reported financial statements, the company's latest reported operating margin is 16.1%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending March 31, 2026 (reported April 22, 2026). Chart and table below cover the full reported history back to 1993.

2025's annual operating margin for Wabtec (WAB) came in at 16.74% – expanded 1.2 percentage points year-over-year.

1994 marks the peak operating margin at 25.67%, with the historical low of 6.74% recorded in 2004.

Wabtec Operating Margin by Year

Wabtec Operating Margin 2025: 16.7%

In 2025, Wabtec reported operating margin of 16.74%, expanded 1.2 percentage points from 2024.

Wabtec Operating Margin 2024: 15.5%

Wabtec operating margin in 2024 was 15.49%, expanded 2.4 percentage points from 2023.

Wabtec Operating Margin 2023: 13.1%

2023's operating margin for Wabtec came in at 13.08%, expanded 1.0 percentage points from 2022.

Wabtec Operating Margin 2022: 12.1%

Wabtec posted operating margin of 12.09% in 2022, expanded 0.9 percentage points from 2021.

Wabtec Operating Margin 2021: 11.2%

Wabtec operating margin in 2021 was 11.20%.

See more financial history for Wabtec (WAB).

Sector peers by Operating Margin

Industrials peers of Wabtec (WAB), ranked by their latest operating margin


Union Pacific (UNP)	40.1%
GE Aerospace (GE)	18.5%
Eaton Corporation (ETN)	18.1%
Deere & Company (DE)	17.9%
Caterpillar (CAT)	16.6%
Honeywell International (HON)	14.9%
RTX (RTX)	10.9%
Boeing (BA)	-5.9%

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