Westinghouse Air Brake Technologies annual free cash flow
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Westinghouse Air Brake Technologies Free Cash Flow (FCF) History (WAB)
Westinghouse Air Brake Technologies reported $1.50B in free cash flow for fiscal 2025, a decrease of 7.87% from the previous fiscal year, with a free cash flow margin of 13.42%.
View full Westinghouse Air Brake Technologies company overviewWestinghouse Air Brake Technologies free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.50B | −$128.0M | −7.87% | +13.42% |
| 2024 | 2024-12-31 | $1.63B | $612.0M | +60.30% | +15.66% |
| 2023 | 2023-12-31 | $1.01B | $126.0M | +14.17% | +10.49% |
| 2022 | 2022-12-31 | $889.0M | −$54.0M | −5.73% | +10.63% |
| 2021 | 2021-12-31 | $943.0M | $295.0M | +45.52% | +12.06% |
| 2020 | 2020-12-31 | $648.0M | −$182.0M | −21.93% | +8.58% |
| 2019 | 2019-12-31 | $830.0M | $608.6M | +274.89% | +10.12% |
| 2018 | 2018-12-31 | $221.4M | $122.1M | +122.96% | +5.07% |
| 2017 | 2017-12-31 | $99.3M | −$301.0M | −75.19% | +2.56% |
| 2016 | 2016-12-31 | $400.3M | −$1.1M | −0.27% | +13.66% |
| 2015 | 2015-12-31 | $401.4M | −$23.3M | −5.49% | +12.13% |
| 2014 | 2014-12-31 | $424.7M | $230.3M | +118.46% | +13.95% |
| 2013 | 2013-12-31 | $194.4M | −$7.0M | −3.49% | +7.58% |
| 2012 | 2012-12-31 | $201.4M | −$9.2M | −4.38% | +8.42% |
| 2011 | 2011-12-31 | $210.7M | $55.4M | +35.65% | +10.71% |
| 2010 | 2010-12-31 | $155.3M | $11.3M | +7.83% | +10.30% |
| 2009 | 2009-12-31 | $144.0M | $7.9M | +5.83% | +10.27% |
| 2008 | 2008-12-31 | $136.1M | — | — | +8.64% |
Westinghouse Air Brake Technologies quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $379.0M | $209.0M | +122.94% | +11.92% |
| Q1 2026 | 2026-03-31 | $153.0M | $6.0M | +4.08% | +5.19% |
| Q4 2025 | 2025-12-31 | $870.0M | $231.0M | +36.15% | +29.34% |
| Q3 2025 | 2025-09-30 | $312.0M | −$184.0M | −37.10% | +10.81% |
| Q2 2025 | 2025-06-30 | $170.0M | −$19.0M | −10.05% | +6.28% |
| Q1 2025 | 2025-03-31 | $147.0M | −$156.0M | −51.49% | +5.63% |
| Q4 2024 | 2024-12-31 | $639.0M | $30.0M | +4.93% | +24.74% |
| Q3 2024 | 2024-09-30 | $496.0M | $110.0M | +28.50% | +18.63% |
| Q2 2024 | 2024-06-30 | $189.0M | $112.0M | +145.45% | +7.15% |
| Q1 2024 | 2024-03-31 | $303.0M | $360.0M | — | +12.13% |
| Q4 2023 | 2023-12-31 | $609.0M | $266.0M | +77.55% | +24.11% |
| Q3 2023 | 2023-09-30 | $386.0M | $214.0M | +124.42% | +15.14% |
| Q2 2023 | 2023-06-30 | $77.0M | −$156.0M | −66.95% | +3.20% |
| Q1 2023 | 2023-03-31 | −$57.0M | −$198.0M | — | −2.60% |
| Q4 2022 | 2022-12-31 | $343.0M | $81.0M | +30.92% | +14.87% |
| Q3 2022 | 2022-09-30 | $172.0M | −$49.0M | −22.17% | +8.27% |
| Q2 2022 | 2022-06-30 | $233.0M | $38.0M | +19.49% | +11.38% |
| Q1 2022 | 2022-03-31 | $141.0M | −$124.0M | −46.79% | +7.32% |
| Q4 2021 | 2021-12-31 | $262.0M | −$26.6M | −9.22% | +12.64% |
| Q3 2021 | 2021-09-30 | $221.0M | $22.6M | +11.39% | +11.59% |
| Q2 2021 | 2021-06-30 | $195.0M | −$81.2M | −29.40% | +9.69% |
| Q1 2021 | 2021-03-31 | $265.0M | $380.2M | — | +14.48% |
| Q4 2020 | 2020-12-31 | $288.6M | −$86.3M | −23.02% | +14.26% |
| Q3 2020 | 2020-09-30 | $198.4M | $125.2M | +171.04% | +10.64% |
| Q2 2020 | 2020-06-30 | $276.2M | −$104.1M | −27.37% | +15.90% |
| Q1 2020 | 2020-03-31 | −$115.2M | −$116.8M | — | −5.97% |
| Q4 2019 | 2019-12-31 | $374.9M | $127.3M | +51.41% | +15.83% |
| Q3 2019 | 2019-09-30 | $73.2M | $127.6M | — | +3.66% |
| Q2 2019 | 2019-06-30 | $380.3M | $358.9M | +1673.21% | +17.01% |
| Q1 2019 | 2019-03-31 | $1.6M | −$5.1M | −76.24% | +0.10% |
| Q4 2018 | 2018-12-31 | $247.6M | $114.5M | +86.09% | +22.15% |
| Q3 2018 | 2018-09-30 | −$54.4M | −$72.8M | — | −5.05% |
| Q2 2018 | 2018-06-30 | $21.4M | $28.2M | — | +1.93% |
| Q1 2018 | 2018-03-31 | $6.7M | $52.2M | — | +0.64% |
| Q4 2017 | 2017-12-31 | $133.1M | −$52.0M | −28.12% | +12.37% |
| Q3 2017 | 2017-09-30 | $18.4M | −$2.0M | −9.68% | +1.92% |
| Q2 2017 | 2017-06-30 | −$6.7M | −$134.5M | — | −0.72% |
| Q1 2017 | 2017-03-31 | −$45.4M | −$112.5M | — | −4.96% |
| Q4 2016 | 2016-12-31 | $185.1M | $5.9M | +3.30% | +24.36% |
| Q3 2016 | 2016-09-30 | $20.3M | −$111.8M | −84.61% | +3.01% |
| Q2 2016 | 2016-06-30 | $127.8M | $72.9M | +132.96% | +17.66% |
| Q1 2016 | 2016-03-31 | $67.1M | $31.9M | +90.50% | +8.69% |
| Q4 2015 | 2015-12-31 | $179.2M | −$46.3M | −20.55% | +21.52% |
| Q3 2015 | 2015-09-30 | $132.2M | $52.3M | +65.44% | +16.33% |
| Q2 2015 | 2015-06-30 | $54.9M | −$44.6M | −44.82% | +6.48% |
| Q1 2015 | 2015-03-31 | $35.2M | $15.3M | +77.06% | +4.30% |
| Q4 2014 | 2014-12-31 | $225.5M | $92.5M | +69.56% | +27.48% |
| Q3 2014 | 2014-09-30 | $79.9M | $49.0M | +158.42% | +10.02% |
| Q2 2014 | 2014-06-30 | $99.4M | $94.5M | +1930.64% | +13.60% |
| Q1 2014 | 2014-03-31 | $19.9M | −$5.7M | −22.31% | +2.86% |
| Q4 2013 | 2013-12-31 | $133.0M | $20.4M | +18.12% | +19.52% |
| Q3 2013 | 2013-09-30 | $30.9M | −$43.8M | −58.65% | +4.90% |
| Q2 2013 | 2013-06-30 | $4.9M | −$18.4M | −78.97% | +0.77% |
| Q1 2013 | 2013-03-31 | $25.6M | $34.8M | — | +4.16% |
| Q4 2012 | 2012-12-31 | $112.6M | −$20.3M | −15.25% | +18.45% |
| Q3 2012 | 2012-09-30 | $74.8M | $50.2M | +204.33% | +12.72% |
| Q2 2012 | 2012-06-30 | $23.3M | −$20.9M | −47.25% | +3.82% |
| Q1 2012 | 2012-03-31 | −$9.2M | −$18.3M | — | −1.58% |
| Q4 2011 | 2011-12-31 | $132.9M | $40.4M | +43.77% | +24.85% |
| Q3 2011 | 2011-09-30 | $24.6M | −$20.9M | −46.01% | +4.92% |
| Q2 2011 | 2011-06-30 | $44.1M | $35.5M | +412.42% | +9.22% |
| Q1 2011 | 2011-03-31 | $9.1M | $319,000 | +3.64% | +2.00% |
| Q4 2010 | 2010-12-31 | $92.4M | — | — | +23.50% |
| Q3 2010 | 2010-09-30 | $45.5M | −$7.2M | −13.65% | +12.11% |
| Q2 2010 | 2010-06-30 | $8.6M | — | — | +2.30% |
| Q1 2010 | 2010-03-31 | $8.8M | — | — | +2.41% |
| Q3 2009 | 2009-09-30 | $52.7M | — | — | +15.94% |
Westinghouse Air Brake Technologies free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $648.0M to $1.50B, a compound annual growth rate of 18.26%. Westinghouse Air Brake Technologies's latest reported quarter, Q2 2026, generated $379.0M in free cash flow, an increase of 122.94% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
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