Westinghouse Air Brake Technologies
Westinghouse Air Brake Technologies returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 11.38% | — | 11.5% | 5.83% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | 11.29% | — | 11.24% | 5.72% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | 11.27% | — | 10.99% | 5.74% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | 10.92% | — | 11.04% | 5.87% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | 10.7% | — | 10.81% | 5.87% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | 10.86% | — | 10.6% | 5.85% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | 10.78% | — | 10.23% | 5.6% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | 10.6% | — | 10.29% | 5.66% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | 10.12% | — | 9.83% | 5.37% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | 9.32% | — | 8.94% | 4.91% | — |
| FY 2023 Q4 | Dec 31, 2023 | — | 8.45% | — | 7.92% | 4.35% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | 8.08% | — | 7.5% | 4.09% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | 7.32% | — | 6.75% | 3.63% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | 6.97% | — | 6.49% | 3.52% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | 6.61% | — | 6.24% | 3.42% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | 6.75% | — | 6.63% | 3.63% | — |
| FY 2022 Q2 | Jun 30, 2022 | 5.48% | 6.39% | — | 6.28% | 3.45% | -2.2 pp |
| FY 2022 Q1 | Mar 31, 2022 | 5.12% | 5.97% | — | 5.87% | 3.22% | -2.6 pp |
| FY 2021 Q4 | Dec 31, 2021 | 4.86% | 5.69% | 394.34% | 5.47% | 3.02% | -2.8 pp |
| FY 2021 Q3 | Sep 30, 2021 | — | 5.03% | — | 4.51% | 2.48% | — |
| FY 2021 Q2 | Jun 30, 2021 | 4.04% | 4.98% | -17.78% | 4.5% | 2.45% | -3.7 pp |
| FY 2021 Q1 | Mar 31, 2021 | 3.78% | 4.61% | -218.41% | 4.17% | 2.23% | -3.9 pp |
| FY 2020 Q4 | Dec 31, 2020 | 3.99% | 4.82% | — | 4.13% | 2.22% | -3.7 pp |
| FY 2020 Q3 | Sep 30, 2020 | 4.42% | 5.24% | — | 4.69% | 2.48% | -3.3 pp |
| FY 2020 Q2 | Jun 30, 2020 | 4.28% | 5.03% | — | 4.33% | 2.27% | -3.4 pp |
| FY 2020 Q1 | Mar 31, 2020 | 4.39% | 5.14% | — | 4.54% | 2.34% | -3.3 pp |
| FY 2019 Q4 | Dec 31, 2019 | 4.85% | 5.85% | 1.42% | 5.1% | 2.37% | -2.8 pp |
| FY 2019 Q3 | Sep 30, 2019 | 3.57% | 4.67% | -0.19% | 3.56% | 1.64% | -4.1 pp |
| FY 2019 Q2 | Jun 30, 2019 | 3.62% | 4.68% | -0.22% | 3.49% | 1.73% | -4.1 pp |
| FY 2019 Q1 | Mar 31, 2019 | 3.23% | 3.89% | -0.28% | 3.19% | 1.56% | -4.5 pp |
| FY 2018 Q4 | Dec 31, 2018 | 7.08% | 7.88% | 3.66% | 10.4% | 3.87% | -0.6 pp |
| FY 2018 Q3 | Sep 30, 2018 | 6.99% | 7.85% | 2.38% | 11.03% | 4.13% | -0.7 pp |
| FY 2018 Q2 | Jun 30, 2018 | 8.14% | 8.93% | 11.1% | 10.66% | 4.41% | 0.4 pp |
| FY 2018 Q1 | Mar 31, 2018 | 7.71% | 8.95% | -0.37% | 10.4% | 4.29% | 0 pp |
| FY 2017 Q4 | Dec 31, 2017 | 7.03% | 8.32% | — | 10.46% | 3.99% | -0.7 pp |
| FY 2017 Q3 | Sep 30, 2017 | 9.82% | 10.1% | -2.55% | 11.3% | 5.08% | 2.1 pp |
| FY 2017 Q2 | Jun 30, 2017 | 10.17% | 10.73% | -3.54% | 12.41% | 5.42% | 2.5 pp |
| FY 2017 Q1 | Mar 31, 2017 | 10.85% | 11.84% | -4.32% | 14.13% | 6.05% | 3.1 pp |
| FY 2016 Q4 | Dec 31, 2016 | 10.48% | 11.8% | -2.86% | 15.61% | 6.17% | 2.8 pp |
| FY 2016 Q3 | Sep 30, 2016 | 16.83% | 19.97% | -36.73% | 19.88% | 10.92% | 9.1 pp |
| FY 2016 Q2 | Jun 30, 2016 | 18.75% | 21.79% | 3.59% | 20.97% | 11.55% | 11.1 pp |
| FY 2016 Q1 | Mar 31, 2016 | 19.5% | 23.15% | 11.91% | 22.71% | 12.11% | 11.8 pp |
| FY 2015 Q4 | Dec 31, 2015 | 20.31% | 23.37% | 18.24% | 22.73% | 12.07% | 12.6 pp |
| FY 2015 Q3 | Sep 30, 2015 | 18.83% | 22.71% | 48.52% | 20.65% | 11.89% | 11.1 pp |
| FY 2015 Q2 | Jun 30, 2015 | 19.2% | 22.66% | 130.74% | 20.46% | 11.78% | 11.5 pp |
| FY 2015 Q1 | Mar 31, 2015 | 20.02% | 23.03% | 44.86% | 21.04% | 12.09% | 12.3 pp |
| FY 2014 Q4 | Dec 31, 2014 | 19.97% | 21.93% | 40.6% | 20.73% | 11.48% | 12.3 pp |
| FY 2014 Q3 | Sep 30, 2014 | 17.8% | 20.77% | 15.75% | 20.18% | 11.02% | 10.1 pp |
| FY 2014 Q2 | Jun 30, 2014 | 18.15% | 21.18% | 10.4% | 20.02% | 11.16% | 10.4 pp |
| FY 2014 Q1 | Mar 31, 2014 | 18.7% | 21.28% | 13.34% | 20.15% | 11.17% | 11 pp |
| FY 2013 Q4 | Dec 31, 2013 | 19.35% | 21.64% | 11.36% | 20.42% | 11.3% | 11.7 pp |
| FY 2013 Q3 | Sep 30, 2013 | 18.62% | 20.65% | 12.99% | 20.67% | 10.86% | 10.9 pp |
| FY 2013 Q2 | Jun 30, 2013 | 19.12% | 21.92% | 24.6% | 21.31% | 11.22% | 11.4 pp |
| FY 2013 Q1 | Mar 31, 2013 | 19.71% | 22.14% | 25.9% | 21.42% | 11.09% | 12 pp |
| FY 2012 Q4 | Dec 31, 2012 | 20.59% | 22.97% | 35.93% | 21.68% | 11.16% | 12.9 pp |
| FY 2012 Q3 | Sep 30, 2012 | 18.81% | 21.38% | 42.2% | 20.86% | 10.6% | 11.1 pp |
| FY 2012 Q2 | Jun 30, 2012 | 17.75% | 20.55% | 45.58% | 20.02% | 9.98% | 10 pp |
| FY 2012 Q1 | Mar 31, 2012 | 16.53% | 18.65% | 78.21% | 18.06% | 9.16% | 8.8 pp |
| FY 2011 Q4 | Dec 31, 2011 | 16.06% | 17.62% | 67.35% | 17.5% | 8.59% | 8.4 pp |
| FY 2011 Q3 | Sep 30, 2011 | 14.37% | 16.98% | — | 16.47% | 8.35% | 6.7 pp |
| FY 2011 Q2 | Jun 30, 2011 | 13.32% | 15.62% | — | 15.26% | 7.62% | 5.6 pp |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
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.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · WAB, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.