Westinghouse Air Brake Technologies (WAB) Gross Margin (2009 - 2026)
Westinghouse Air Brake Technologies (WAB) reported Gross Margin of 36.52% for Q2 2026, up 1.86 percentage points from 34.66% a year earlier and up 0.55 percentage points from the prior quarter.
Westinghouse Air Brake Technologies (WAB) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Westinghouse Air Brake Technologies' Gross Margin came in at 34.97%, up 1.70 percentage points year-over-year; for FY2025, it came in at 34.08%, up 1.68 percentage points from FY2024.
- Gross Margin has increased for six consecutive years, with a five-year change of +5.80 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 32.41% in FY2024 (+1.98 pp), 30.42% in FY2023 (+0.05 pp), 30.38% in FY2022 (+0.09 pp) and 30.29% in FY2021 (+2.00 pp).
- The Q2 2026 figure ranks as the highest quarterly Gross Margin in data going back to Q2 2009.
- Year over year, Gross Margin has now increased in each of the last 11 quarters, with an average year-over-year change of +1.60 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q4 2021 (a gain of 6.48 percentage points); the low point was Q4 2022 (a drop of 3.18 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 35.97% (Q1 2026), 32.58% (Q4 2025) and 34.72% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 380.10 Bn | 351.79 Bn | 7.76 Bn | 37.78% |
| 2 | Amphenol | 208.03 Bn | 202.73 Bn | 3.55 Bn | 40.51% |
| 3 | Deere | 183.47 Bn | 192.23 Bn | 4.66 Bn | 36.94% |
| 4 | Eaton | 168.26 Bn | 165.49 Bn | 2.86 Bn | 33.47% |
| 5 | Parker-Hannifin | 122.34 Bn | 120.47 Bn | 2.25 Bn | 39.04% |
| 6 | Vertiv Holdings | 95.63 Bn | 86.25 Bn | 1.23 Bn | 37.71% |
| 7 | Emerson Electric | 87.72 Bn | 80.47 Bn | 2.66 Bn | 54.48% |
| 8 | 3M | 86.87 Bn | 68.33 Bn | 2.68 Bn | 41.28% |
| 9 | Illinois Tool Works | 76.08 Bn | 72.64 Bn | 1.90 Bn | 44.13% |
| 10 | Westinghouse Air Brake Technologies | 49.25 Bn | 46.76 Bn | 1.16 Bn | 36.52% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.52% |
| Mar 31, 2026 | 35.97% |
| Dec 31, 2025 | 32.58% |
| Sep 30, 2025 | 34.72% |
| Jun 30, 2025 | 34.66% |
| Mar 31, 2025 | 34.48% |
| Dec 31, 2024 | 30.86% |
| Sep 30, 2024 | 33.05% |
| Jun 30, 2024 | 33.06% |
| Mar 31, 2024 | 32.64% |
| Dec 31, 2023 | 30.25% |
| Sep 30, 2023 | 31.06% |
| Jun 30, 2023 | 30.04% |
| Mar 31, 2023 | 30.31% |
| Dec 31, 2022 | 28.27% |
| Sep 30, 2022 | 31.14% |
| Jun 30, 2022 | 31.49% |
| Mar 31, 2022 | 30.88% |
| Dec 31, 2021 | 31.45% |
| Sep 30, 2021 | 31.62% |
Westinghouse Air Brake Technologies Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=WAB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "WAB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=WAB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();