Westinghouse Air Brake Technologies (WAB) Research & Development (2009 - 2026)
Westinghouse Air Brake Technologies' Research & Development came in at $70 million for Q2 2026, up 40.0% from $50 million a year earlier and up 25.0% from the prior quarter.
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Analysis
Westinghouse Air Brake Technologies (WAB) Research & Development (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Westinghouse Air Brake Technologies reported Research & Development of $253 million, up 28.4% year-over-year; for FY2025, it came in at $223 million, up 8.3% from FY2024.
- Research & Development carries a five-year compound annual growth rate of 6.6% (FY2020 to FY2025).
- Going back by year, Research & Development was $206 million in FY2024 (-5.5%), $218 million in FY2023 (+4.3%), $209 million in FY2022 (+18.8%) and $176 million in FY2021 (+8.6%).
- The Q2 2026 figure represents the highest quarterly Research & Development in data going back to Q2 2009.
- Year-over-year, Research & Development has increased for four consecutive quarters, with growth averaging 9.3% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q2 2026 (growth of 40.0%), and the weakest in Q4 2024 (a decline of 16.4%).
- Business Quant data shows WAB's Research & Development at $56 million (Q1 2026), $68 million (Q4 2025) and $59 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 616.00 Mn |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | - |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 567.00 Mn |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 227.00 Mn |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | - |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | - |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | - |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 302.00 Mn |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | - |
| 10 | Westinghouse Air Brake Technologies | 48.57 Bn | 46.08 Bn | 1.16 Bn | 70.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 70.00 Mn |
| 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 |
API Access
Westinghouse Air Brake Technologies Research & Development 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=research-and-development&ticker=WAB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=WAB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();