Skip to content

Westinghouse Air Brake Technologies

NYSE: WAB · USD

Westinghouse Air Brake Technologies cash flow and EPS—

Operating cash flow, capital investment, free cash flow and earnings per share.

Capital allocation

% of tracked cash uses

$330M
Westinghouse Air Brake Technologies capital allocation. Quarterly values. Missing values are unavailable.
PeriodCapexAcquisitionsBuybacksDividendsDebt repaymentsTracked uses
FY 2010 Q24.81% · $3.406M0% · $0MUnavailable0.68% · $0.481M94.51% · $66.897M100% · $70.784M
FY 2010 Q35.82% · $5.364M57.77% · $53.285MUnavailable0.52% · $0.48M35.89% · $33.108M100% · $92.237M
FY 2010 Q49.55% · $8.472M50.71% · $44.97MUnavailable0.55% · $0.485M39.18% · $34.745M100% · $88.672M
FY 2011 Q16.99% · $7.401M29.31% · $31.047MUnavailable0.45% · $0.481M63.25% · $67.008M100% · $105.937M
FY 2011 Q28.4% · $5.415M32.17% · $20.73MUnavailable0.75% · $0.484M58.68% · $37.809M100% · $64.438M
FY 2011 Q320.48% · $9.41M0% · $0MUnavailable3.14% · $1.442M76.39% · $35.103M100% · $45.955M
FY 2011 Q47.23% · $15.745M26.28% · $57.217MUnavailable0.66% · $1.442M65.82% · $143.282M100% · $217.686M
FY 2012 Q110.22% · $10.191MUnavailableUnavailable1.44% · $1.438M88.34% · $88.099M100% · $99.728M
FY 2012 Q214.01% · $6.27MUnavailableUnavailable3.22% · $1.442M82.77% · $37.036M100% · $44.748M
FY 2012 Q311.24% · $8.233M18.81% · $13.774MUnavailable3.24% · $2.376M66.71% · $48.857M100% · $73.24M
FY 2012 Q45.2% · $11.307M21.96% · $47.77M8.53% · $18.559M1.11% · $2.41M63.2% · $137.465M100% · $217.511M
FY 2013 Q12.83% · $6.448M50.44% · $115.071MUnavailable1.05% · $2.386M45.69% · $104.228M100% · $228.133M
FY 2013 Q211.32% · $8.16M0% · $0MUnavailable3.34% · $2.41M85.34% · $61.516M100% · $72.086M
FY 2013 Q31.49% · $8.987M17.73% · $106.987MUnavailable0.66% · $4.004M80.12% · $483.615M100% · $603.593M
FY 2013 Q47.64% · $17.643M0.6% · $1.396M11.92% · $27.512M1.66% · $3.844M78.17% · $180.483M100% · $230.878M
FY 2014 Q110.15% · $6.333MUnavailable3.45% · $2.151M6.14% · $3.828M80.26% · $50.067M100% · $62.379M
FY 2014 Q26.1% · $12.024MUnavailable7.35% · $14.471M1.96% · $3.863M84.59% · $166.631M100% · $196.989M
FY 2014 Q39.8% · $12.62M77.84% · $100.244M7.87% · $10.135M4.49% · $5.78MUnavailable100% · $128.779M
FY 2014 Q471.81% · $16.685M3.34% · $0.776M0% · $0M24.85% · $5.775MUnavailable100% · $23.236M
FY 2015 Q19.4% · $8.458M84.17% · $75.713M0% · $0M6.43% · $5.78MUnavailable100% · $89.951M
FY 2015 Q229.11% · $12.402M57.27% · $24.395M0% · $0M13.62% · $5.8MUnavailable100% · $42.597M
FY 2015 Q328.89% · $12.219M0% · $0M52.82% · $22.336M18.29% · $7.735MUnavailable100% · $42.29M
FY 2015 Q43.9% · $16.349M7.03% · $29.442M87.24% · $365.451M1.83% · $7.648MUnavailable100% · $418.89M
FY 2016 Q15.68% · $8.504M0.14% · $0.21M89.27% · $133.738M4.91% · $7.355MUnavailable100% · $149.807M
FY 2016 Q227.28% · $10.6M54.17% · $21.053M0% · $0M18.55% · $7.21MUnavailable100% · $38.863M
FY 2016 Q37.71% · $12.572M38.69% · $63.092M48.1% · $78.438M5.49% · $8.958MUnavailable100% · $163.06M
FY 2016 Q414.69% · $18.54M78.25% · $98.758M0% · $0M7.06% · $8.907MUnavailable100% · $126.205M
FY 2017 Q116.78% · $19.327M58.67% · $67.581M0% · $0M8.31% · $9.572M16.24% · $18.7M100% · $115.18M
FY 2017 Q218.09% · $19.098M44.12% · $46.594M0% · $0M9.1% · $9.605M28.69% · $30.3M100% · $105.597M
FY 2017 Q365.47% · $21.838M0% · $0M0% · $0M34.53% · $11.516MUnavailable100% · $33.354M
FY 2017 Q43.44% · $29.203M95.2% · $807.362M0% · $0M1.36% · $11.525MUnavailable100% · $848.09M
FY 2018 Q127.6% · $17.466M54.19% · $34.297MUnavailable18.22% · $11.531MUnavailable100% · $63.294M
FY 2018 Q258.88% · $22.257M10.53% · $3.98MUnavailable30.59% · $11.565MUnavailable100% · $37.802M
FY 2018 Q352.27% · $24.509M23.01% · $10.79MUnavailable24.71% · $11.586MUnavailable100% · $46.885M
FY 2018 Q468% · $29.073M4.88% · $2.086MUnavailable27.12% · $11.595MUnavailable100% · $42.754M
FY 2019 Q11.08% · $29.72M98.5% · $2,710.714M0% · $0M0.42% · $11.687MUnavailable100% · $2,752.121M
FY 2019 Q29.87% · $32.147M83.19% · $270.838M0% · $0M6.93% · $22.576MUnavailable100% · $325.561M
FY 2019 Q354.13% · $50.733M20.32% · $19.048M0% · $0M25.54% · $23.937MUnavailable100% · $93.718M
FY 2019 Q475.57% · $72.7MUnavailable0% · $0M24.43% · $23.5MUnavailable100% · $96.2M
FY 2020 Q116.88% · $33.3M18.09% · $35.7M53.37% · $105.3M11.66% · $23MUnavailable100% · $197.3M
FY 2020 Q255.06% · $34.3M7.38% · $4.6M0% · $0M37.56% · $23.4MUnavailable100% · $62.3M
FY 2020 Q357.7% · $31.1M0% · $0M0% · $0M42.3% · $22.8MUnavailable100% · $53.9M
FY 2020 Q423.14% · $37.7M0% · $0M62.55% · $101.9M14.3% · $23.3MUnavailable100% · $162.9M
FY 2021 Q15.86% · $26.5M88.79% · $401.4M0.27% · $1.2M5.09% · $23MUnavailable100% · $452.1M
FY 2021 Q252.16% · $29M6.65% · $3.7M0% · $0M41.19% · $22.9MUnavailable100% · $55.6M
FY 2021 Q39.38% · $23M0% · $0M81.23% · $199.1M9.38% · $23MUnavailable100% · $245.1M
FY 2021 Q425.22% · $51.5M14.64% · $29.9M48.82% · $99.7M11.31% · $23.1MUnavailable100% · $204.2M
FY 2022 Q15.81% · $20M0% · $0M86.05% · $296M8.14% · $28MUnavailable100% · $344M
FY 2022 Q213.1% · $30M30.13% · $69M44.98% · $103M11.79% · $27MUnavailable100% · $229M
FY 2022 Q352.46% · $32M0% · $0M1.64% · $1M45.9% · $28MUnavailable100% · $61M
FY 2022 Q435.64% · $67M10.64% · $20M38.83% · $73M14.89% · $28MUnavailable100% · $188M
FY 2023 Q113.28% · $32MUnavailable73.86% · $178M12.86% · $31MUnavailable100% · $241M
FY 2023 Q226.57% · $38MUnavailable51.75% · $74M21.68% · $31MUnavailable100% · $143M
FY 2023 Q353.42% · $39M5.48% · $4M0% · $0M41.1% · $30MUnavailable100% · $73M
FY 2023 Q422.25% · $77M23.41% · $81M45.38% · $157M8.96% · $31MUnavailable100% · $346M
FY 2024 Q112.81% · $31MUnavailable72.31% · $175M14.88% · $36MUnavailable100% · $242M
FY 2024 Q216.37% · $46MUnavailable71.17% · $200M12.46% · $35MUnavailable100% · $281M
FY 2024 Q36.64% · $46M1.88% · $13M86.44% · $599M5.05% · $35MUnavailable100% · $693M
FY 2024 Q421.21% · $84M39.14% · $155M31.06% · $123M8.59% · $34MUnavailable100% · $396M
FY 2025 Q123.78% · $44M0% · $0M52.97% · $98M23.24% · $43MUnavailable100% · $185M
FY 2025 Q225.32% · $39M13.64% · $21M32.47% · $50M28.57% · $44MUnavailable100% · $154M
FY 2025 Q33% · $55M94.65% · $1,734M0% · $0M2.35% · $43MUnavailable100% · $1,832M
FY 2025 Q412.14% · $122M76.12% · $765M7.46% · $75M4.28% · $43MUnavailable100% · $1,005M
FY 2026 Q13.28% · $46M75.69% · $1,062M17.25% · $242M3.78% · $53MUnavailable100% · $1,403M
FY 2026 Q218.79% · $62M0% · $0M65.15% · $215M16.06% · $53MUnavailable100% · $330M
Jun 30, 2010 through Jun 30, 2026

Operating cash flow

USD millions

$441M

Capital expenditures

USD millions

$62M

Free cash flow

USD millions

$379M

Stock-based compensation

USD millions

$28M

SBC / free cash flow

% · FCF before SBC deduction

7.39%

SBC / operating cash flow

%

6.35%

Software & intangible investment

USD millions

—

Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.

Diluted EPS

USD per share

$2.33

Quarterly data

Westinghouse Air Brake Technologies cash-flow history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal periodEndedOperating cash flowUSD millionsCapital expendituresUSD millionsFree cash flowUSD millionsStock-based compensationUSD millionsSBC / free cash flow%SBC / operating cash flow%Software & intangible investmentUSD millionsDiluted EPSUSD per share
FY 2026 Q2Jun 30, 202644162379287.39%6.35%—$2.33
FY 2026 Q1Mar 31, 2026199461532214.38%11.06%—$2.12
FY 2025 Q4Dec 31, 2025992122870222.53%2.22%——
FY 2025 Q3Sep 30, 202536755312227.05%5.99%—$1.81
FY 2025 Q2Jun 30, 2025209391701911.18%9.09%—$1.96
FY 2025 Q1Mar 31, 2025191441471711.56%8.9%—$1.88
FY 2024 Q4Dec 31, 202472384639223.44%3.04%——
FY 2024 Q3Sep 30, 202454246496183.63%3.32%—$1.63
FY 2024 Q2Jun 30, 202423546189147.41%5.96%—$1.64
FY 2024 Q1Mar 31, 202433431303123.96%3.59%—$1.53
FY 2023 Q4Dec 31, 202368677609111.81%1.6%——
FY 2023 Q3Sep 30, 202342539386143.63%3.29%—$1.33
FY 2023 Q2Jun 30, 202311538771215.58%10.43%—$1.06
FY 2023 Q1Mar 31, 2023-2532-5710———$0.93
FY 2022 Q4Dec 31, 202241067343113.21%2.68%——
FY 2022 Q3Sep 30, 202220432172105.81%4.9%—$0.88
FY 2022 Q2Jun 30, 202226330233104.29%3.8%—$0.91
FY 2022 Q1Mar 31, 202216120141107.09%6.21%—$0.8
FY 2021 Q4Dec 31, 2021313.751.5262.211.84.5%3.76%——
FY 2021 Q3Sep 30, 2021243.923220.9104.53%4.1%—$0.69
FY 2021 Q2Jun 30, 2021223.229194.2168.24%7.17%—$0.66
FY 2021 Q1Mar 31, 2021292.226.5265.78.23.09%2.81%—$0.59
FY 2020 Q4Dec 31, 2020325.637.7287.91.90.66%0.58%——
FY 2020 Q3Sep 30, 2020229.531.1198.411.96%5.19%—$0.67
FY 2020 Q2Jun 30, 2020310.534.3276.2-1.6-0.58%-0.52%—$0.46
FY 2020 Q1Mar 31, 2020-81.933.3-115.27.3———$0.58
FY 2019 Q4Dec 31, 2019447.872.7375.113.93.71%3.1%—$0.71
FY 2019 Q3Sep 30, 2019123.7850.7373.0412.1716.66%9.83%—$0.48
FY 2019 Q2Jun 30, 2019412.5932.15380.4415.414.05%3.73%—$0.54
FY 2019 Q1Mar 31, 201931.3429.721.628.53526.95%27.21%—$-0.04
FY 2018 Q4Dec 31, 2018276.6329.07247.564.831.95%1.75%—$0.36
FY 2018 Q3Sep 30, 2018-29.8724.51-54.386.5———$0.91
FY 2018 Q2Jun 30, 201843.722.2621.458.2938.64%18.96%—$0.87
FY 2018 Q1Mar 31, 201824.217.476.735.784.59%23.54%—$0.92
FY 2017 Q4Dec 31, 2017162.329.2133.16.755.07%4.16%—$0.51
FY 2017 Q3Sep 30, 201740.2121.8418.382.6614.48%6.61%—$0.7
FY 2017 Q2Jun 30, 201712.3919.1-6.76.19—49.92%—$0.75
FY 2017 Q1Mar 31, 2017-26.119.33-45.425.69———$0.77
FY 2016 Q4Dec 31, 2016202.4118.54183.876.033.28%2.98%—$0.42
FY 2016 Q3Sep 30, 201632.9212.5720.355.1225.14%15.54%—$0.91
FY 2016 Q2Jun 30, 2016138.4110.6127.814.163.26%3.01%—$1
FY 2016 Q1Mar 31, 201675.578.567.065.518.22%7.29%—$1.02
FY 2015 Q4Dec 31, 2015192.9516.35176.615.933.36%3.07%—$1.05
FY 2015 Q3Sep 30, 2015144.3812.22132.165.13.86%3.53%—$1.02
FY 2015 Q2Jun 30, 201567.2712.454.866.2311.35%9.26%—$1.04
FY 2015 Q1Mar 31, 201543.668.4635.28.7624.89%20.07%—$0.99
FY 2014 Q4Dec 31, 2014242.2216.69225.547.033.12%2.9%—$0.95
FY 2014 Q3Sep 30, 201492.5112.6279.8878.77%7.57%—$0.93
FY 2014 Q2Jun 30, 2014111.4412.0299.425.45.43%4.84%—$0.91
FY 2014 Q1Mar 31, 201426.226.3319.886.7133.73%25.58%—$0.83
FY 2013 Q4Dec 31, 2013150.6617.64133.016.514.89%4.32%—$0.76
FY 2013 Q3Sep 30, 201339.98.9930.916.5121.05%16.31%—$0.76
FY 2013 Q2Jun 30, 201313.068.164.95.53112.95%42.36%—$0.77
FY 2013 Q1Mar 31, 201332.046.4525.595.5621.73%17.35%—$0.72
FY 2012 Q4Dec 31, 2012123.9111.31112.614.844.3%3.91%——
FY 2012 Q3Sep 30, 201282.998.2374.765.096.8%6.13%—$0.65
FY 2012 Q2Jun 30, 201229.566.2723.294.8820.94%16.49%—$0.67
FY 2012 Q1Mar 31, 20120.9810.19-9.215.05—514.27%—$0.61
FY 2011 Q4Dec 31, 2011148.6115.75132.865.424.08%3.65%—$0.48
FY 2011 Q3Sep 30, 201133.979.4124.563.8515.68%11.34%—$0.48
FY 2011 Q2Jun 30, 201149.565.4244.155.9513.48%12.01%—$0.38
FY 2011 Q1Mar 31, 201116.497.49.093.4237.63%20.74%—$0.43
FY 2010 Q4Dec 31, 2010100.898.4792.423.553.84%3.52%—$0.32
FY 2010 Q3Sep 30, 201045.795.3640.422.586.38%5.63%—$0.32
FY 2010 Q2Jun 30, 201017.13.4113.693.1523%18.42%—$0.33
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

FCF subtracts reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Acquisitions and noncash lease additions are excluded. EPS and weighted shares are not summed across quarters. Annual figures use annual reports.

SBC / FCF always uses FCF before SBC deduction; both SBC ratios compare amounts from the same period. A zero or negative cash-flow denominator is undefined, and values above 100% are retained.

Each reported nonnegative cash use / sum of available tracked nonnegative cash uses × 100. Missing categories are omitted, never set to zero. This is the composition of tracked uses, not a complete cash-flow reconciliation or a percentage of OCF. SBC is noncash and excluded. Negative amounts are excluded as reversals or net receipts; they are not converted to spending. Annual bars use reported annual amounts. Turning off a category hides its share without changing the denominator. Debt repayments prefer a reported aggregate, with long-term or convertible-only scope identified in the tooltip. Acquisitions are net of cash acquired. Dividend payments use the aggregate where reported, including dividend equivalents when part of that concept.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Market prices: Yahoo Finance · WAB, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Operating cash flow
Reported net cash provided by or used in operating activities.
Capital expenditures
Reported cash capital investment. Uses purchases of property, plant and equipment where disclosed; otherwise purchases of productive assets, which can also include software and intangibles. Excludes acquisitions and noncash lease additions.
Free cash flow
Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Stock-based compensation
Reported share-based compensation addback in the cash-flow statement. Missing disclosure is not treated as zero.
SBC / free cash flow
Reported share-based compensation / (operating cash flow − cash capital investment) × 100, for the same fiscal period. Always uses FCF before SBC deduction. Zero or negative FCF is undefined; values above 100% are retained.
SBC / operating cash flow
Reported share-based compensation / reported operating cash flow × 100, for the same fiscal period. Zero or negative operating cash flow is undefined. Unaffected by the SBC deduction scenario.
Software & intangible investment
Separately tagged payments for capitalized software under US GAAP, or purchases of intangible assets under IFRS. This optional disclosure is not inferred from total capex or deducted a second time from FCF.
Diluted EPS
Reported diluted earnings per share, normalized for recorded subsequent stock splits. Quarterly EPS is never subtracted from annual or YTD EPS.