Westinghouse Air Brake Technologies (WAB) Research & Development (2009 - 2026)
Westinghouse Air Brake Technologies (WAB) reported Research & Development of $56.0 million for Q1 2026, up 21.74% on a YoY basis from $46.0 million in Q1 2025, and down 17.65% quarter-over-quarter from $68.0 million in Q4 2025.
Westinghouse Air Brake Technologies (WAB) Research & Development (2009 - 2026) Analysis & Trends
Westinghouse Air Brake Technologies has reported Research & Development for 18 years, with the latest figure at $56.0 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 21.74% year-over-year to $56.0 million; the trailing twelve-month figure through Mar 2026 stood at $233.0 million (up 14.22% YoY), and the FY2025 full-year result was $223.0 million, up 8.25% from the prior year.
- Research & Development for Q1 2026 stood at $56.0 million, down from $68.0 million in the prior quarter.
- The five-year high for Research & Development was $68.0 million in Q4 2025, with the low at $45.0 million in Q1 2022.
- Historically, Research & Development has averaged $53.6 million across 5 years, with a median of $53.0 million in 2023.
- Annual changes were most pronounced in 2024 — Research & Development slipped 16.39% — and 2025, when it jumped 33.33%.
- Westinghouse Air Brake Technologies' Research & Development stood at $60.0 million in 2022, then advanced by 1.67% to $61.0 million in 2023, then declined by 16.39% to $51.0 million in 2024, then jumped by 33.33% to $68.0 million in 2025, then retreated by 17.65% to $56.0 million in 2026.
- The last three Research & Development figures came in at $56.0 million (Q1 2026), $68.0 million (Q4 2025), and $59.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 152.26 Bn | 151.22 Bn | 5.85 Bn | - |
| 2 | Csx | 84.99 Bn | 83.89 Bn | 3.18 Bn | - |
| 3 | Norfolk Southern | 67.33 Bn | 65.99 Bn | 2.74 Bn | - |
| 4 | Canadian Pacific Kansas City | 56.27 Bn | 56.68 Bn | 2.36 Bn | - |
| 5 | Westinghouse Air Brake Technologies | 46.65 Bn | 46.16 Bn | 1.06 Bn | 56.00 Mn |
| 6 | Trinity Industries | 2.76 Bn | 2.82 Bn | 128.90 Mn | - |
| 7 | Greenbrier Companies | 1.54 Bn | 1.05 Bn | 69.50 Mn | - |
| 8 | Foster L B | 438.47 Mn | 435.35 Mn | 25.70 Mn | - |
| 9 | Rail Vision | 179.83 Mn | 159.33 Mn | 504,000.00 | -3.62 Mn |
| 10 | FreightCar America | 178.32 Mn | 114.02 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 56.00 Mn |
| Dec 31, 2025 | 68.00 Mn |
| Sep 30, 2025 | 59.00 Mn |
| Jun 30, 2025 | 50.00 Mn |
| Mar 31, 2025 | 46.00 Mn |
| Dec 31, 2024 | 51.00 Mn |
| Sep 30, 2024 | 50.00 Mn |
| Jun 30, 2024 | 57.00 Mn |
| Mar 31, 2024 | 48.00 Mn |
| Dec 31, 2023 | 61.00 Mn |
| Sep 30, 2023 | 53.00 Mn |
| Jun 30, 2023 | 53.00 Mn |
| Mar 31, 2023 | 51.00 Mn |
| Dec 31, 2022 | 60.00 Mn |
| Sep 30, 2022 | 54.00 Mn |
| Jun 30, 2022 | 50.00 Mn |
| Mar 31, 2022 | 45.00 Mn |
| Dec 31, 2021 | 52.00 Mn |
| Sep 30, 2021 | 44.00 Mn |
| Jun 30, 2021 | 42.00 Mn |