Westinghouse Air Brake Technologies Corp WAB

Revenue Intelligence Report • 66 quarters of SEC filing data • Updated 2026-03-15

Westinghouse Air Brake Technologies Corp has a forecasted full-year revenue of $12B, a +5.1% year-over-year change, based on 66 quarters of SEC filing data. Key revenue drivers include R&D (elasticity 0.02x) and SG&A (elasticity 0.86x). The ARDL model achieves strong accuracy at 4.0% MAPE.

Investment Thesis

The econometric model achieves strong accuracy (4.0% MAPE), suggesting Westinghouse Air Brake Technologies Corp's revenue trajectory is well-characterized by its spending patterns. R&D investment shows a 0.02x multiplier — each 1% increase in R&D spend is associated with a 0.02% revenue increase, signaling strong innovation-to-revenue conversion. Sales & marketing spend shows a 0.86x elasticity, suggesting effective go-to-market execution.

Next FY Revenue
$11.7B
+5.1% YoY
R&D Elasticity
0.02x
SG&A Elasticity
0.86x
Model Accuracy
4.0% MAPE
Holdout validation: The model predicted $2.8B vs the actual $3.0B — an error of 5.3%.

Revenue Forecast

WAB Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q4 2025 $2.8B $3.0B $2.6B – $3.1B +8.7% ✓ In range
Q2 2026 $2.8B $2.5B – $3.2B +8.6%
Q3 2026 $2.9B $2.5B – $3.4B +7.3%
Q4 2026 $3.0B $2.4B – $3.6B +2.7%
Q1 2027 $3.0B $2.4B – $3.8B +2.4%

Seasonal Factors

Multiplicative seasonal adjustment: These factors capture Westinghouse Air Brake Technologies Corp's systematic quarterly revenue patterns relative to the trend model. A factor of 1.05 means that quarter typically runs 5% above the underlying trend; 0.95 means 5% below. Factors are computed as the median of (actual / fitted) across all available quarters.
Fiscal QuarterSeasonal Factorvs TrendInterpretationObs.
FQ1 (Sep–Nov) 0.9828 -1.7% In line with trend 16
FQ2 (Dec–Feb) 0.9865 -1.4% In line with trend 16
FQ3 (Mar–May) 1.0204 +2.0% In line with trend 16
FQ4 (Jun–Aug) 1.0154 +1.5% In line with trend 16

How Spending Drives Revenue

WAB Spending Timing
Reading this chart: Each line shows the cumulative elasticity — how a 1% increase in spending translates to revenue growth over subsequent quarters. The effect builds over 4-5 quarters as investments compound.

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