Services was Westinghouse Air Brake Technologies’s largest segment in fiscal 2025, bringing in $3.06B of $11.17B (27%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Product | — | — | — | — | |||||||||||||
| Services | $2.82B | $2.88B | $3.02B | $3.06B | |||||||||||||
| Equipment | $1.55B | $1.79B | $2.11B | $2.37B | |||||||||||||
| Aftermarket | $1.27B | $1.49B | $1.61B | $1.74B | |||||||||||||
| Specialty Products &Amp; Electronics | — | — | — | — | |||||||||||||
| Specialty Products Electronics | — | — | — | — | |||||||||||||
| Original Equipment Manufacturer | $1.12B | $1.26B | $1.31B | $1.39B | |||||||||||||
| Components | $884.00M | $1.48B | $1.56B | $1.59B | |||||||||||||
| Digital Intelligence | $729.00M | $773.00M | $786.00M | $1.03B | |||||||||||||
| Brake Products | — | — | — | — | |||||||||||||
| Digital Electronics | — | — | — | — | |||||||||||||
| Remanufacturing, Overhaul &Amp; Build | — | — | — | — | |||||||||||||
| Remanufacturing, Overhaul Build | — | — | — | — | |||||||||||||
| Transit Products | — | — | — | — | |||||||||||||
| Other Transit Products | — | — | — | — | |||||||||||||
| Other | — | — | — | — | |||||||||||||
| Total | $8.36B | $9.68B | $10.39B | $11.17B |
Westinghouse Air Brake Technologies brought in $11.17B from its six segments in fiscal 2025, the year ended December 31, 2025. That was up 7.5% from $10.39B in fiscal 2024. Services was the largest at $3.06B (27.4%), ahead of Equipment at $2.37B (21.2%) and Aftermarket at $1.74B (15.6%). The other three segments brought in $4.01B combined.
Compared with fiscal 2024, Digital Intelligence grew fastest, up 31.0% to $1.03B. Every segment above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these segments grew from $8.36B to $11.17B, a compound annual growth rate of 10.1%. Services' share of the total fell from 33.7% to 27.4%.
Freight was Westinghouse Air Brake Technologies’s largest segment in fiscal 2025, bringing in $3.06B of $4.79B (64%).
| Statement Business Segments | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Freight | $2.82B | $1.79B | $2.11B | $3.06B | |||||||||||
| Transit | $1.27B | $2.75B | $2.92B | $1.74B | |||||||||||
| Total | $4.09B | $4.55B | $5.03B | $4.79B |
Westinghouse Air Brake Technologies brought in $4.79B from its two segments in fiscal 2025, the year ended December 31, 2025. That is less than the $11.17B it reports by segment, so these segments do not cover all of its revenue. Freight was the largest at $3.06B (63.7%), ahead of Transit at $1.74B (36.3%).
Compared with fiscal 2024, Freight grew 44.9% to $3.06B, while Transit fell 40.5% to $1.74B.
Guarantors Subsidiaries was Westinghouse Air Brake Technologies’s largest revenue line in fiscal 2010, bringing in $1.09B of $1.51B (72%).
| Legal Entity | FY 2009 | FY 2010 |
|---|---|---|
| Guarantors Subsidiaries | — | $1.09B |
| Guarantors | $1.06B | — |
| Non-Guarantor Subsidiaries | — | $497.85M |
| Non-Guarantors | $421.76M | — |
| Elimination | -$75.64M | -$80.78M |
| Total | $1.40B | $1.51B |
Westinghouse Air Brake Technologies brought in $1.51B from its three revenue lines in fiscal 2010, the year ended December 31, 2010. Westinghouse Air Brake Technologies regrouped these revenue lines after fiscal 2009, so the total does not compare directly with that year's $1.40B. Guarantors Subsidiaries was the largest at $1.09B (72.3%), ahead of Non-Guarantor Subsidiaries at $497.85M (33.0%).
Westinghouse Air Brake Technologies began breaking out Guarantors Subsidiaries in fiscal 2010 and Non-Guarantor Subsidiaries in fiscal 2010. Westinghouse Air Brake Technologies stopped reporting Guarantors ($1.06B in fiscal 2009) and Non-Guarantors ($421.76M in fiscal 2009) as separate revenue lines. The total is net of Elimination, which took $80.78M off revenue in fiscal 2010.
Westinghouse Air Brake Technologies (WAB) reports its revenue by segment, by statement business segments and by legal entity. In fiscal 2025, Services was its largest segment, bringing in $3.06B (27.4% of the total), followed by Equipment at $2.37B (21.2%).
Services was Westinghouse Air Brake Technologies' largest segment in fiscal 2025, bringing in $3.06B, or 27.4% of the $11.17B total across its six segments.
Guarantors Subsidiaries was Westinghouse Air Brake Technologies' largest revenue line in fiscal 2010, bringing in $1.09B, or 72.3% of the $1.51B total across its three revenue lines.
Among Westinghouse Air Brake Technologies' segments that make up at least 2% of revenue, Digital Intelligence grew fastest in fiscal 2025, up 31.0% from $786.00M to $1.03B.
Every figure comes from Westinghouse Air Brake Technologies' annual financial filings, as reported. Each line keeps the name Westinghouse Air Brake Technologies gives it, and years follow its fiscal calendar.
Westinghouse Air Brake Technologies' revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.