WAB vs GATX vs TRN Stock Comparison

Westinghouse Air Brake Technologies, Gatx and Trinity Industries Prices as of Oct 23, 2026 Peers: Industry group
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GATX Gatx Corp
$165.53 -10.9% 1M +2.2% 1Y
Market cap
$5.95B
P/E
16.2x
Revenue (TTM)
$2.05B
Div. yield
–
Rail Equipment Industrials
3 wins
TRN Trinity Industries Inc
$25.56 -8.8% 1M -9.0% 1Y
Market cap
$2.05B
P/E
6.0x
Revenue (TTM)
$2.04B
Div. yield
0.05%
Rail Equipment Industrials
5 wins

Head to Head

12 decided of 12

Trinity Industries leads on 5 of the 12 questions below (Trinity Industries 5, Westinghouse Air Brake Technologies 4, Gatx 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionWABGATXTRNLeader
Larger companyMarket capitalisation $46.97B $5.95B $2.05B WAB
Cheaper on earningsLower P/E, profitable companies only 37.0x 16.2x 6.0x TRN
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.6x 17.4x 12.1x TRN
Faster revenue growthRevenue growth, trailing twelve months +13.4% +22.8% -18.9% GATX
More profitableNet margin, trailing twelve months 10.6% 17.9% 16.6% GATX
Better return on capitalReturn on invested capital 8.3% 1.5% 8.8% TRN
Less leveragedLower net debt / EBITDA 2.4x 13.1x 4.8x WAB
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.05% TRN
Better 1-year returnPrice return, last 12 months +38.2% +2.2% -9.0% WAB
Better 5-year returnAnnualised price return, 5 years +24.1%/yr +12.1%/yr -2.9%/yr WAB
Less volatileAnnualised volatility, 1 year 26.2% 23.6% 35.3% GATX
Higher overall scoreMean of the five percentile scores vs peers 59/100 49/100 61/100 TRN

Percentile Scorecard

WABGATXTRN

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

AxisWABGATXTRN
Valuation 34 #134 of 203 44 #114 of 203 80 #42 of 203
Growth 86 #28 of 188 57 #81 of 188 71 #55 of 188
Profitability 67 #62 of 187 59 #78 of 187 65 #67 of 187
Financial Health 29 #159 of 222 3 #216 of 222 4 #214 of 222
Shareholder Returns 78 #35 of 153 82 #28 of 153 85 #24 of 153
Overall 59 49 61
  • WAB ranked among 222 companies in Machinery
  • GATX ranked among 222 companies in Machinery
  • TRN ranked among 222 companies in Machinery

Price Performance

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

Returns

PeriodWABGATXTRNSPY
1 month -6.9%-10.9%-8.8% -1.0%
3 months -10.0%-10.3%-31.7% +2.9%
6 months +1.9%-16.5%-19.5% +6.4%
Year to date +27.5%-2.4%-3.3% +11.4%
1 year +38.2%+2.2%-9.0% +13.1%
3 years +172.4%+60.3%+21.5% +79.4%
3 years, per year +39.7%+17.0%+6.7% +21.5%
5 years +194.6%+76.6%-13.9% +67.7%
5 years, per year +24.1%+12.1%-2.9% +10.9%
10 years +229.9%+255.0%+51.4% +255.2%
10 years, per year +12.7%+13.5%+4.2% +13.5%

Risk

MeasureWABGATXTRNSPY
Volatility, 1Y 26.2%23.6%35.3% 12.7%
Downside volatility, 1Y 24.1%25.0%35.6% 12.7%
Beta vs S&P 500, 1Y 0.980.570.54 1.00
Return / volatility, 1Y 1.460.09-0.26 1.03
Max drawdown, 5Y -23.7%-32.6%-43.0% -25.4%
From 52-week high -11.0%-17.5%-32.9% -2.5%
52-week high $305.87$200.76$38.09 $779.14
52-week low $196.14$152.11$24.82 $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.

MultipleWABGATXTRN
P/E now vs peer median 36.3xmedian 25.9x 16.1xmedian 25.9x 6.0xmedian 25.9x
P/S now vs peer median 3.8xmedian 1.9x 2.8xmedian 1.9x 1.0xmedian 1.9x
EV/EBITDA now vs peer median 20.7xmedian 13.7x 19.7xmedian 13.7x 6.7xmedian 13.7x
P/FCF now vs peer median 26.9xmedian 21.1x -1.2xmedian 21.1x -6.0xmedian 21.1x
P/B now vs peer median 4.1xmedian 2.3x 1.6xmedian 2.3x 1.8xmedian 2.3x
PEG now vs peer median 1.42median 1.19 0.85median 1.19 0.09median 1.19

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 monthsWABGATXTRN
Revenue $11.98B $2.05B $2.04B
Gross profit $4.19B – $535.90M
Operating income $1.96B – $754.90M
Net income $1.28B $375.70M $353.30M
Free cash flow $1.71B -$4.68B -$342.20M
R&D $253.00M – –
EPS (diluted) $7.48 $10.28 $4.16
Cash & equivalents $670.00M $747.10M $155.70M
Total debt $6.57B $12.33B $5.23B
Shares (diluted) 169.60M 35.80M 81.60M
Enterprise value $44.45B $3.02B $1.49B

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
MetricWABGATXTRN
P/E 36.3x 16.1x 6.0x
P/FCF 26.9x -1.2x -6.0x
P/Operating cash flow 23.0x 7.0x 5.1x
P/S 3.8x 2.8x 1.0x
P/B 4.1x 1.6x 1.8x
P/Tangible book 6.5x 1.6x 1.8x
EV/EBITDA 20.7x 19.7x 6.7x
EV/EBIT 26.4x 56.6x 9.4x
EV/Revenue 4.3x 8.5x 3.5x
EV/FCF 30.3x -3.7x -20.8x
EV/Operating cash flow 26.0x 20.8x 17.9x
PEG (3Y EPS CAGR) 1.42 0.85 0.09

Growth

14 metrics
MetricWABGATXTRN
Revenue growth (1Y) 13.4% 22.8% -18.9%
Revenue CAGR (3Y) 10.1% 15.7% -5.9%
Gross profit growth (1Y) 19.2% – -10.7%
Gross profit CAGR (3Y) 15.9% – 7.9%
Operating income growth (1Y) 14.7% – 75.7%
Operating income CAGR (3Y) 21.5% – 26.3%
Net income growth (1Y) 9.5% 17.6% 193.4%
Net income CAGR (3Y) 22.9% 19.9% 53.6%
EPS growth (1Y) 11.1% 15.5% 257.3%
EPS CAGR (3Y) 25.6% 18.9% 64.1%
Operating cash flow growth (1Y) 20.1% 28.6% -7.6%
Operating cash flow CAGR (3Y) 41.6% 13.3% 25.6%
Free cash flow growth (1Y) 18.0% -552.9% -48.5%
Free cash flow CAGR (3Y) 47.4% -75.3% 23.1%

Profitability

14 metrics
MetricWABGATXTRN
Gross margin 35.0% – 26.2%
EBITDA margin 21.0% 43.2% 52.1%
Operating margin 16.4% – 37.0%
Pretax margin 14.2% 15.0% 23.6%
Net margin 10.6% 17.9% 16.6%
FCF margin 14.3% -228.3% -16.8%
Operating cash flow margin 16.7% 40.8% 19.5%
Return on equity 11.4% 8.1% 30.8%
Return on assets 5.5% 1.6% 4.3%
Return on invested capital 8.3% 1.5% 8.8%
Return on capital employed 11.0% – –
Asset turnover 0.5x 0.1x 0.2x
Cash conversion (OCF / net income) 1.6x 2.2x 1.1x
Stock comp / revenue 0.8% – 1.1%

Financial Health

11 metrics
MetricWABGATXTRN
Debt / assets 28.4% 69.6% 63.5%
Debt / equity 0.6x 3.4x 4.6x
Net debt / EBITDA 2.4x 13.1x 4.8x
Debt / FCF 3.8x -2.6x -15.3x
Liabilities / assets 51.4% 79.7% 86.1%
Equity / assets 48.6% 20.3% 13.9%
Interest coverage 6.9x – –
Current ratio 1.1x – –
Quick ratio 0.5x – –
Cash ratio 0.1x – –
Altman Z-score 3.43 – –

Shareholder Returns

7 metrics
MetricWABGATXTRN
Dividend yield 0.4% 1.6% 4.9%
Net buyback yield 1.2% 1.7% 2.6%
Shareholder yield 1.6% 3.3% 7.4%
Payout ratio (earnings) 15.0% – 28.0%
Payout ratio (FCF) 11.2% – -28.9%
Dividend growth (1Y) 23.1% – 2.5%
Dividend CAGR (3Y) 17.6% – 6.9%

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.

ConsensusWABGATXTRN
Forward P/E 23.6xFY2026 17.4xFY2026 12.1xFY2026
EPS, next fiscal year $11.51FY2026 $9.52FY2026 $2.11FY2026
EPS growth, next FY +28.3%FY2026 +8.8%FY2026 -32.8%FY2026
EPS growth, the year after +5.9% +25.9% 0.0%
Revenue, next fiscal year $12.87BFY2026 $2.22BFY2026 $2.36BFY2026
Revenue growth, next FY +15.2%FY2026 +27.4%FY2026 +9.2%FY2026
Revenue growth, the year after -2.5% +17.1% +4.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersWABGATXTRN
Held by institutions 92.6% 100.0% 95.3%
Institutions holding 1,195 412 343
Change in shares held, QoQ +0.2% +2.6% +6.3%
Institutions buying 553 180 171
Institutions selling 409 141 95
Buyers to sellers 1.35 1.28 1.80

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.

WABGATXTRN
WAB 1.00 0.49 0.35
GATX 0.49 1.00 0.52
TRN 0.35 0.52 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, WAB, GATX and TRN?

Westinghouse Air Brake Technologies (WAB) is the largest by market capitalisation: Westinghouse Air Brake Technologies (WAB) $46.97B, Gatx (GATX) $5.95B, Trinity Industries (TRN) $2.05B.

Which stock is cheaper, WAB, GATX and TRN?

Trinity Industries (TRN) trades on the lowest price-to-earnings ratio (Westinghouse Air Brake Technologies (WAB) 37.0x, Gatx (GATX) 16.2x, Trinity Industries (TRN) 6.0x). On next year's consensus earnings, Trinity Industries (TRN) is cheapest (Westinghouse Air Brake Technologies (WAB) 23.6x, Gatx (GATX) 17.4x, Trinity Industries (TRN) 12.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Gatx (GATX) grew revenue fastest over the trailing twelve months: Westinghouse Air Brake Technologies (WAB) +13.4%, Gatx (GATX) +22.8%, Trinity Industries (TRN) -18.9%.

Which company is more profitable?

Gatx (GATX) has the highest net margin (Westinghouse Air Brake Technologies (WAB) 10.6%, Gatx (GATX) 17.9%, Trinity Industries (TRN) 16.6%). On return on invested capital, Trinity Industries (TRN) leads (Westinghouse Air Brake Technologies (WAB) 8.3%, Gatx (GATX) 1.5%, Trinity Industries (TRN) 8.8%).

Which stock has performed better?

Over the past year Westinghouse Air Brake Technologies (WAB) returned the most: Westinghouse Air Brake Technologies (WAB) +38.2%, Gatx (GATX) +2.2%, Trinity Industries (TRN) -9.0%. Over five years, Westinghouse Air Brake Technologies (WAB) compounded fastest (Westinghouse Air Brake Technologies (WAB) +24.1%/yr, Gatx (GATX) +12.1%/yr, Trinity Industries (TRN) -2.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Trinity Industries (TRN) has the highest dividend yield: Westinghouse Air Brake Technologies (WAB) 0.00%, Gatx (GATX) 0.00%, Trinity Industries (TRN) 0.05%. Gatx (GATX) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Gatx (GATX) has been the steadiest (Westinghouse Air Brake Technologies (WAB) 26.2%, Gatx (GATX) 23.6%, Trinity Industries (TRN) 35.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, WAB, GATX and TRN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Trinity Industries (TRN) leads on 5. 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.