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 | $39.7M | +75.40% | +23.50% |
| Q3 2010 | 2010-09-30 | $45.5M | — | — | +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 SEC-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.
Review Westinghouse Air Brake Technologies filings at SEC.gov ↗