Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Freight earns far more than its share
With 71.7% of sales and a 23.0% margin, Freight's locomotive and service work sets the company's profit.
For investorsWhat the margin depends on from here
For foundersTurning one sale into years of aftermarket revenue
Cost of sales rose 3.8% while sales rose 8.1%, so far more of each sales dollar became operating profit.
The backlog equals 281% of last year's revenue, so demand is visible years ahead while costs are not.
Equipment on most of the world's rail fleets creates steady demand for parts, overhauls and upgrades long after the first sale.
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Business Lens describes Wabtec from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
