FR vs LINE vs WAB Stock Comparison

First Industrial Realty Trust, Lineage and Westinghouse Air Brake Technologies Prices as of Oct 26, 2026 Peers: Industry group
LINE Lineage, Inc.
$35.75 -1.1% 1M -12.1% 1Y
Market cap
$8.07B
P/E
–
Revenue (TTM)
$5.37B
Div. yield
–
Industrial REITs Real Estate

Head to Head

10 decided of 12

First Industrial Realty Trust leads on 6 of the 12 questions below (First Industrial Realty Trust 6, Westinghouse Air Brake Technologies 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFRLINEWABLeader
Larger companyMarket capitalisation $7.32B $8.07B $47.21B WAB
Cheaper on earningsLower P/E, profitable companies only 20.1x -47.7x 34.5x FR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 20.9x — 23.9x FR
Faster revenue growthRevenue growth, trailing twelve months +8.4% +1.0% +13.2% WAB
More profitableNet margin, trailing twelve months 47.9% -3.1% — FR
Better return on capitalReturn on invested capital 8.2% — — –
Less leveragedLower net debt / EBITDA 2.5x 5.5x — FR
Higher dividend yieldTrailing dividend yield 0.03% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -1.6% -12.1% +40.6% WAB
Better 5-year returnAnnualised price return, 5 years -0.8%/yr — +25.6%/yr WAB
Less volatileAnnualised volatility, 1 year 20.1% 37.0% 26.3% FR
Higher overall scoreMean of the five percentile scores vs peers 71/100 64/100 45/100 FR

Percentile Scorecard

FRLINEWAB

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFRLINEWAB
Valuation 20 #116 of 145 82 #27 of 145 34 #135 of 203
Growth 77 #33 of 142 77 #34 of 142 89 #22 of 187
Profitability 92 #12 of 136 24 #104 of 136 56 #82 of 185
Financial Health 89 #16 of 139 57 #60 of 139 28 #159 of 219
Shareholder Returns 75 #34 of 131 82 #25 of 131 20 #123 of 153
Overall 71 64 45
  • FR ranked among 149 companies in Property REITs
  • LINE ranked among 149 companies in Property REITs
  • WAB ranked among 222 companies in Machinery

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFRLINEWABSPY
1 month -9.9%-1.1%-3.6% -0.8%
3 months -16.9%-16.0%-7.7% +3.5%
6 months -11.1%-1.1%+3.9% +7.0%
Year to date -3.6%+2.1%+30.1% +12.2%
1 year -1.6%-12.1%+40.6% +13.0%
3 years +35.9%—+167.1% +86.3%
3 years, per year +10.8%—+38.8% +23.1%
5 years -4.0%—+212.4% +68.6%
5 years, per year -0.8%—+25.6% +11.0%
10 years +107.8%—+260.2% +258.0%
10 years, per year +7.6%—+13.7% +13.6%

Risk

MeasureFRLINEWABSPY
Volatility, 1Y 20.1%37.0%26.3% 12.7%
Downside volatility, 1Y 21.5%34.3%24.1% 12.7%
Beta vs S&P 500, 1Y 0.441.000.99 1.00
Return / volatility, 1Y -0.08-0.331.54 1.02
Max drawdown, 5Y -38.9%-64.1%-23.7% -25.4%
From 52-week high -19.8%-20.7%-9.2% -1.8%
52-week high $68.83$45.10$305.87 $779.14
52-week low $54.43$31.80$196.14 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFRLINEWAB
P/E now vs peer median 20.1xmedian 27.4x -48.2xmedian 27.4x 34.3xmedian 26.0x
P/S now vs peer median 9.6xmedian 4.2x 1.5xmedian 4.2x 3.8xmedian 1.9x
EV/EBITDA now vs peer median 15.5xmedian 14.2x 12.8xmedian 14.2x —median 14.0x
P/FCF now vs peer median -91.4xmedian 23.2x 33.4xmedian 23.2x 28.7xmedian 21.4x
P/B now vs peer median 2.6xmedian 1.3x 0.9xmedian 1.3x 4.1xmedian 2.2x
PEG now vs peer median 4.24median 2.11 —median 2.11 1.43median 1.26

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFRLINEWAB
Revenue $759.61M $5.37B $12.21B
Gross profit – $1.72B $4.35B
Operating income – $192.00M $2.10B
Net income $381.93M -$189.00M –
Free cash flow -$80.09M $244.00M –
R&D – – $261.00M
EPS (diluted) $2.74 $-0.74 $8.07
Cash & equivalents $46.05M $58.00M $489.00M
Total debt $1.44B $6.22B –
Shares (diluted) 132.67M 228.00M 169.60M
Enterprise value $7.13B $7.80B $47.21B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFRLINEWAB
P/E 20.1x -48.2x 34.3x
P/FCF -91.4x 33.4x 28.7x
P/Operating cash flow 16.3x 8.3x 22.5x
P/S 9.6x 1.5x 3.8x
P/B 2.6x 0.9x 4.1x
P/Tangible book 2.6x 1.0x 6.4x
EV/EBITDA 15.5x 12.8x –
EV/EBIT 24.0x 74.6x –
EV/Revenue 11.5x 2.7x 3.8x
EV/FCF -108.8x 58.7x –
EV/Operating cash flow 19.4x 14.5x 22.5x
PEG (3Y EPS CAGR) 4.24 – 1.43

Growth

14 metrics
MetricFRLINEWAB
Revenue growth (1Y) 8.4% 1.0% 13.2%
Revenue CAGR (3Y) 9.0% – 8.9%
Gross profit growth (1Y) – 0.0% 19.7%
Gross profit CAGR (3Y) – – 15.4%
Operating income growth (1Y) – 142.0% 18.5%
Operating income CAGR (3Y) – – 20.3%
Net income growth (1Y) 35.3% 70.0% –
Net income CAGR (3Y) 5.2% – –
EPS growth (1Y) 34.3% 69.8% 17.0%
EPS CAGR (3Y) 4.7% – 24.0%
Operating cash flow growth (1Y) 13.3% 17.5% 40.1%
Operating cash flow CAGR (3Y) 13.4% – 31.2%
Free cash flow growth (1Y) -25.1% 45.2% –
Free cash flow CAGR (3Y) 38.7% – –

Profitability

14 metrics
MetricFRLINEWAB
Gross margin – 32.0% –
EBITDA margin 74.2% 20.9% –
Operating margin – 3.6% –
Pretax margin 47.7% -3.5% –
Net margin 47.9% -3.1% –
FCF margin -10.5% 4.5% –
Operating cash flow margin 59.2% 18.4% 17.1%
Return on equity 13.4% -2.1% 12.2%
Return on assets 6.6% -1.0% 5.9%
Return on invested capital 8.2% – –
Return on capital employed – 1.1% –
Asset turnover 0.1x 0.3x 0.5x
Cash conversion (OCF / net income) 1.2x -5.2x –
Stock comp / revenue – 2.0% –

Financial Health

11 metrics
MetricFRLINEWAB
Debt / assets 24.9% 32.9% –
Debt / equity 0.5x 0.7x –
Net debt / EBITDA 2.5x 5.5x –
Debt / FCF -18.0x 25.5x –
Liabilities / assets 50.4% 53.0% 50.9%
Equity / assets 49.6% 47.0% 49.1%
Interest coverage 787.6x – –
Current ratio – 0.8x 1.1x
Quick ratio – 0.6x –
Cash ratio – 0.0x –
Altman Z-score – 0.58 –

Shareholder Returns

7 metrics
MetricFRLINEWAB
Dividend yield 3.5% 5.9% 0.4%
Net buyback yield – – –
Shareholder yield 3.5% 5.9% 0.4%
Payout ratio (earnings) 65.2% – –
Payout ratio (FCF) -311.1% – –
Dividend growth (1Y) 18.3% – –
Dividend CAGR (3Y) 15.4% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFRLINEWAB
Forward P/E 20.9xFY2026 – 23.9xFY2026
EPS, next fiscal year $2.64FY2026 $-0.77FY2026 $11.63FY2026
EPS growth, next FY +41.2%FY2026 – +29.7%FY2026
EPS growth, the year after -25.8% – +5.7%
Revenue, next fiscal year $812.16MFY2026 $5.07BFY2026 $12.82BFY2026
Revenue growth, next FY +11.7%FY2026 -5.4%FY2026 +14.8%FY2026
Revenue growth, the year after +9.4% +4.1% -2.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFRLINEWAB
Held by institutions 100.0% 33.7% 92.6%
Institutions holding 487 327 1,195
Change in shares held, QoQ +5.0% +18.2% +0.2%
Institutions buying 260 183 553
Institutions selling 145 93 409
Buyers to sellers 1.79 1.97 1.35

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FRLINEWAB
FR 1.00 0.32 0.29
LINE 0.32 1.00 0.14
WAB 0.29 0.14 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FR, LINE and WAB?

Westinghouse Air Brake Technologies (WAB) is the largest by market capitalisation: First Industrial Realty Trust (FR) $7.32B, Lineage (LINE) $8.07B, Westinghouse Air Brake Technologies (WAB) $47.21B.

Which stock is cheaper, FR, LINE and WAB?

First Industrial Realty Trust (FR) trades on the lowest price-to-earnings ratio (First Industrial Realty Trust (FR) 20.1x, Lineage (LINE) -47.7x, Westinghouse Air Brake Technologies (WAB) 34.5x). On next year's consensus earnings, First Industrial Realty Trust (FR) is cheapest (First Industrial Realty Trust (FR) 20.9x, Westinghouse Air Brake Technologies (WAB) 23.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Westinghouse Air Brake Technologies (WAB) grew revenue fastest over the trailing twelve months: First Industrial Realty Trust (FR) +8.4%, Lineage (LINE) +1.0%, Westinghouse Air Brake Technologies (WAB) +13.2%.

Which company is more profitable?

First Industrial Realty Trust (FR) has the highest net margin (First Industrial Realty Trust (FR) 47.9%, Lineage (LINE) -3.1%).

Which stock has performed better?

Over the past year Westinghouse Air Brake Technologies (WAB) returned the most: First Industrial Realty Trust (FR) -1.6%, Lineage (LINE) -12.1%, Westinghouse Air Brake Technologies (WAB) +40.6%. Over five years, Westinghouse Air Brake Technologies (WAB) compounded fastest (First Industrial Realty Trust (FR) -0.8%/yr, Westinghouse Air Brake Technologies (WAB) +25.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: First Industrial Realty Trust (FR) 0.03%, Lineage (LINE) 0.00%, Westinghouse Air Brake Technologies (WAB) 0.00%. Lineage (LINE) and Westinghouse Air Brake Technologies (WAB) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, First Industrial Realty Trust (FR) has been the steadiest (First Industrial Realty Trust (FR) 20.1%, Lineage (LINE) 37.0%, Westinghouse Air Brake Technologies (WAB) 26.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FR, LINE and WAB?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, First Industrial Realty Trust (FR) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.