Westinghouse Air Brake Technologies annual debt-to-equity ratio
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2025
Westinghouse Air Brake Technologies Debt-to-Equity Ratio Growth & History (WAB)
Westinghouse Air Brake Technologies's debt-to-equity ratio was 0.53 for fiscal 2025.
View full Westinghouse Air Brake Technologies company overviewWestinghouse Air Brake Technologies annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.53 | 0.11 | +25.31% |
| 2024 | 2024-12-31 | 0.42 | 0.01 | +1.69% |
| 2023 | 2023-12-31 | 0.42 | −0.01 | −2.65% |
| 2022 | 2022-12-31 | 0.43 | 0.00 | +0.06% |
| 2021 | 2021-12-31 | 0.43 | −0.02 | −4.24% |
| 2020 | 2020-12-31 | 0.45 | −0.02 | −5.15% |
| 2019 | 2019-12-31 | 0.47 | −0.87 | −64.91% |
| 2018 | 2018-12-31 | 1.35 | 0.68 | +102.14% |
| 2017 | 2017-12-31 | 0.67 | −0.19 | −22.39% |
| 2016 | 2016-12-31 | 0.86 | 0.45 | +110.66% |
| 2015 | 2015-12-31 | 0.41 | 0.12 | +41.23% |
| 2014 | 2014-12-31 | 0.29 | 0.00 | +1.44% |
| 2013 | 2013-12-31 | 0.28 | 0.04 | +14.19% |
| 2012 | 2012-12-31 | 0.25 | −0.13 | −34.27% |
| 2011 | 2011-12-31 | 0.38 | −0.09 | −19.26% |
| 2010 | 2010-12-31 | 0.47 | −0.04 | −6.98% |
| 2009 | 2009-12-31 | 0.50 | — | — |
Westinghouse Air Brake Technologies quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.62 | 0.15 | +30.81% |
| Q1 2026 | 2026-03-31 | 0.62 | 0.21 | +49.83% |
| Q4 2025 | 2025-12-31 | 0.53 | 0.11 | +25.31% |
| Q3 2025 | 2025-09-30 | 0.51 | 0.09 | +22.20% |
| Q2 2025 | 2025-06-30 | 0.47 | 0.06 | +15.42% |
| Q1 2025 | 2025-03-31 | 0.42 | 0.01 | +1.38% |
| Q4 2024 | 2024-12-31 | 0.42 | 0.01 | +1.69% |
| Q3 2024 | 2024-09-30 | 0.42 | −0.00 | −0.57% |
| Q2 2024 | 2024-06-30 | 0.41 | −0.05 | −11.54% |
| Q1 2024 | 2024-03-31 | 0.41 | −0.04 | −8.08% |
| Q4 2023 | 2023-12-31 | 0.42 | −0.01 | −2.65% |
| Q3 2023 | 2023-09-30 | 0.42 | −0.02 | −4.81% |
| Q2 2023 | 2023-06-30 | 0.46 | 0.01 | +1.62% |
| Q1 2023 | 2023-03-31 | 0.45 | −0.01 | −1.30% |
| Q4 2022 | 2022-12-31 | 0.43 | 0.00 | +0.06% |
| Q3 2022 | 2022-09-30 | 0.44 | 0.01 | +2.38% |
| Q2 2022 | 2022-06-30 | 0.46 | 0.03 | +7.05% |
| Q1 2022 | 2022-03-31 | 0.45 | 0.00 | +0.14% |
| Q4 2021 | 2021-12-31 | 0.43 | −0.02 | −4.24% |
| Q3 2021 | 2021-09-30 | 0.43 | −0.02 | −3.66% |
| Q2 2021 | 2021-06-30 | 0.43 | −0.05 | −11.15% |
| Q1 2021 | 2021-03-31 | 0.45 | −0.06 | −12.17% |
| Q4 2020 | 2020-12-31 | 0.45 | −0.02 | −5.15% |
| Q3 2020 | 2020-09-30 | 0.45 | −0.07 | −12.78% |
| Q2 2020 | 2020-06-30 | 0.48 | −0.02 | −3.72% |
| Q1 2020 | 2020-03-31 | 0.51 | −0.02 | −4.46% |
| Q4 2019 | 2019-12-31 | 0.47 | −0.87 | −64.91% |
| Q3 2019 | 2019-09-30 | 0.52 | −0.82 | −61.34% |
| Q2 2019 | 2019-06-30 | 0.50 | −0.16 | −24.56% |
| Q1 2019 | 2019-03-31 | 0.54 | −0.11 | −16.83% |
| Q4 2018 | 2018-12-31 | 1.35 | 0.68 | +102.14% |
| Q3 2018 | 2018-09-30 | 1.34 | 0.65 | +93.62% |
| Q2 2018 | 2018-06-30 | 0.66 | −0.11 | −14.71% |
| Q1 2018 | 2018-03-31 | 0.65 | −0.15 | −18.65% |
| Q4 2017 | 2017-12-31 | 0.67 | −0.19 | −22.39% |
| Q3 2017 | 2017-09-30 | 0.69 | 0.21 | +45.24% |
| Q2 2017 | 2017-06-30 | 0.77 | 0.34 | +79.01% |
| Q1 2017 | 2017-03-31 | 0.80 | 0.32 | +66.24% |
| Q4 2016 | 2016-12-31 | 0.86 | 0.45 | +110.66% |
| Q3 2016 | 2016-09-30 | 0.47 | 0.25 | +108.85% |
| Q2 2016 | 2016-06-30 | 0.43 | 0.23 | +110.78% |
| Q1 2016 | 2016-03-31 | 0.48 | 0.25 | +106.37% |
| Q4 2015 | 2015-12-31 | 0.41 | 0.12 | +41.23% |
| Q3 2015 | 2015-09-30 | 0.23 | −0.06 | −22.12% |
| Q2 2015 | 2015-06-30 | 0.20 | −0.08 | −27.80% |
| Q1 2015 | 2015-03-31 | 0.23 | −0.04 | −13.64% |
| Q4 2014 | 2014-12-31 | 0.29 | 0.00 | +1.44% |
| Q3 2014 | 2014-09-30 | 0.29 | −0.06 | −18.20% |
| Q2 2014 | 2014-06-30 | 0.28 | 0.00 | +0.22% |
| Q1 2014 | 2014-03-31 | 0.27 | −0.05 | −14.75% |
| Q4 2013 | 2013-12-31 | 0.28 | 0.04 | +14.19% |
| Q3 2013 | 2013-09-30 | 0.36 | 0.00 | +0.98% |
| Q2 2013 | 2013-06-30 | 0.28 | −0.10 | −26.41% |
| Q1 2013 | 2013-03-31 | 0.31 | −0.03 | −8.54% |
| Q4 2012 | 2012-12-31 | 0.25 | −0.13 | −34.27% |
| Q3 2012 | 2012-09-30 | 0.35 | −0.05 | −12.05% |
| Q2 2012 | 2012-06-30 | 0.38 | −0.01 | −1.41% |
| Q1 2012 | 2012-03-31 | 0.34 | −0.07 | −16.88% |
| Q4 2011 | 2011-12-31 | 0.38 | −0.09 | −19.26% |
| Q3 2011 | 2011-09-30 | 0.40 | −0.07 | −14.79% |
| Q2 2011 | 2011-06-30 | 0.39 | −0.12 | −23.03% |
| Q1 2011 | 2011-03-31 | 0.41 | — | — |
| Q4 2010 | 2010-12-31 | 0.47 | −0.04 | −6.98% |
| Q3 2010 | 2010-09-30 | 0.47 | — | — |
| Q2 2010 | 2010-06-30 | 0.51 | — | — |
| Q4 2009 | 2009-12-31 | 0.50 | — | — |
Westinghouse Air Brake Technologies debt-to-equity ratio trends
Over the last five fiscal years, Westinghouse Air Brake Technologies's debt-to-equity ratio increased from 0.45 to 0.53, a change of 0.08. The latest reported quarter, Q2 2026, shows 0.62.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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