Westinghouse Air Brake Technologies (WAB) Research & Development (2009 - 2026)
Westinghouse Air Brake Technologies' (WAB) quarterly Research & Development came in at $70.0 million in Q2 2026, up 40.0% YoY from $50.0 million in Q2 2025, and up 25.0% on a QoQ basis from $56.0 million in Q1 2026.
Westinghouse Air Brake Technologies (WAB) Research & Development (2009 - 2026) Analysis & Trends
Westinghouse Air Brake Technologies (WAB) has 18 years of Research & Development data on file, last reported at $70.0 million in Q2 2026.
- Quarterly Research & Development rose 40.0% year-over-year to $70.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $253.0 million (up 28.43% YoY) and the FY2025 annual result came in at $223.0 million, up 8.25% from the prior year.
- Research & Development grew to $70.0 million in Q2 2026, from $56.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $70.0 million in Q2 2026 to a low of $45.0 million in Q1 2022.
- A 5-year average of $54.6 million and a median of $53.0 million in 2023 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2024 — Research & Development slipped 16.39% — and 2026, when it jumped 40.0%.
- Tracing WAB's Research & Development over 5 years: 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 increased by 2.94% to $70.0 million in 2026.
- The last three Research & Development figures came in at $70.0 million (Q2 2026), $56.0 million (Q1 2026), and $68.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 180.52 Bn | 178.40 Bn | 6.50 Bn | - |
| 2 | Csx | 94.59 Bn | 93.20 Bn | 3.29 Bn | - |
| 3 | Canadian Pacific Kansas City | 84.21 Bn | 83.94 Bn | 2.92 Bn | - |
| 4 | Canadian National Railway | 78.52 Bn | 78.52 Bn | - | - |
| 5 | Norfolk Southern | 77.93 Bn | 76.86 Bn | - | - |
| 6 | Westinghouse Air Brake Technologies | 49.47 Bn | 48.80 Bn | 1.16 Bn | 70.00 Mn |
| 7 | Trinity Industries | 2.37 Bn | 2.21 Bn | 109.90 Mn | - |
| 8 | Greenbrier Companies | 1.42 Bn | 1.15 Bn | 81.10 Mn | - |
| 9 | Foster L B | 390.24 Mn | 384.46 Mn | 30.87 Mn | - |
| 10 | FreightCar America | 228.00 Mn | 163.70 Mn | - | - |
Historic Data
Download 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 |