Distribution of Revenues by Industry:

• Rail Transportation Technology: approx. 70%
• Signaling and Communication Systems: approx. 20%
• Services and Maintenance: approx. 10%

TOP 3 Markets and their Percentage Shares:

• North America: approx. 50%
• Europe: approx. 25%
• Asia-Pacific: approx. 15%

Westinghouse Air Brake Technologies Corporation, known as Wabtec, generates the majority of its revenues from rail transportation technology, including locomotives, brakes, and other rail vehicle components. The North American market is the largest, driven by a strong presence and demand for rail transportation solutions in the USA and Canada. Europe and the Asia-Pacific region follow, with a growing demand for modern rail technology in these regions as well.

Production Sites: USA, Canada, Mexico, Brazil, Europe, Asia

Westinghouse Air Brake Technologies Corporation, known as Wabtec, produces its products at several international locations. In the USA, there are significant production facilities that cover a large part of the manufacturing.

Additionally, the company has production sites in Canada and Mexico, serving the North American market. In Brazil, products are manufactured for the South American market.

In Europe and Asia, Wabtec also operates production plants to meet the demand in these regions and ensure logistical efficiency. This global presence enables Wabtec to efficiently distribute its products and respond to regional market needs.

Revenue growth: 8.5% (estimated 2024)
Profit growth: 7.0% (estimated 2024)

Westinghouse Air Brake Technologies Corporation, known as Wabtec, pursues a growth strategy that heavily relies on innovation and technological advancements. The company continuously invests in research and development to expand its product range and offer more efficient solutions to the railway industry.

Another focus is on geographical expansion, particularly in emerging markets where the growth potential in rail transportation is high. Wabtec plans to strengthen its presence in Asia and Latin America to benefit from the increasing demand for modern rail transportation solutions.

In addition, Wabtec relies on strategic acquisitions and partnerships to strengthen its market position and integrate new technologies. This strategy enables the company to leverage synergies and further increase its innovative capabilities.

Main raw materials: Steel, Aluminum, Copper

Countries of origin:

• Steel: China, India, USA
• Aluminum: Canada, Russia, Australia
• Copper: Chile, Peru, USA

Westinghouse Air Brake Technologies Corporation, known as Wabtec, sources a variety of raw materials essential for the production of its products. Steel is one of the most important raw materials and is mainly imported from China, India, and the USA. These countries are leading in steel production and offer competitive prices as well as high quality.

Aluminum is often sourced from Canada, Russia, and Australia. These countries are known for their extensive bauxite deposits and efficient aluminum production.

Copper, another critical raw material, is mainly imported from Chile and Peru, which are among the world's largest copper producers. The USA is also a significant supplier, which is advantageous due to geographical proximity and trade relations.

The selection of countries of origin is based on the availability of raw materials, costs, and quality, which are crucial for Wabtec's production.

Market Share: 30% in the rail transport sector (2024, estimate)

R&D Expenditure: 5% of revenue (2023)

Patent Portfolio: Over 2,500 active patents (2023)

Westinghouse Air Brake Technologies Corporation, also known as Wabtec, has a significant competitive advantage in the rail transport sector. With an estimated market share of 30% in 2024, the company positions itself as one of the leading providers in its industry.

A key factor for this advantage is the extensive patent portfolio, which comprises over 2,500 active patents. This enables Wabtec to protect innovative technologies and differentiate itself from competitors. Additionally, the company continuously invests in research and development, allocating around 5% of its revenue to this area. These investments foster the development of new products and technologies that can further strengthen the market share.

Furthermore, Wabtec benefits from a strong global presence and a diversified product offering, including both locomotives and rail transport infrastructure. This diversification and the ability to offer tailored solutions also contribute to enhancing the competitive advantage.

Institutional investor share: approx. 80% (2025, estimated based on historical data)

Insider purchases/sales: No significant transactions in the last quarter (2025, estimated)

The institutional investor share at Westinghouse Air Brake Technologies Corporation is traditionally high, indicating the trust of large investment funds and institutional investors in the company's stability and growth potential.

In 2025, there were no significant insider purchases or sales, suggesting that the management and other insiders currently do not expect significant changes in the company's valuation. This can be seen as a sign of stability and confidence in the current corporate strategy.

Market share of Westinghouse Air Brake Technologies Corporation (Wabtec): 12% (estimated for 2025)

Main competitors and market shares:

1. Siemens Mobility: 15%
2. Alstom: 14%
3. CRRC Corporation: 13%
4. Wabtec: 12%
5. Bombardier Transportation (part of Alstom): 10%
6. Hitachi Rail: 8%
7. Stadler Rail: 6%
8. CAF (Construcciones y Auxiliar de Ferrocarriles): 5%
9. Hyundai Rotem: 4%
10. Kawasaki Heavy Industries: 3%

Wabtec's Economic Moat:

Wabtec possesses a moderate economic moat, primarily characterized by technological innovations, a wide product portfolio, and strong customer relationships. The company benefits from its long-standing experience and reputation in the industry, providing it with a certain competitive advantage.

Compared to its competitors, Siemens Mobility has a stronger economic moat, particularly due to its comprehensive global presence and integration into the Siemens group, offering synergies and resources. Alstom also has a significant advantage through its recent acquisition of Bombardier Transportation, which has substantially strengthened its market position and product offering.

CRRC Corporation benefits from its size and support from the Chinese market, providing it with a significant advantage in terms of costs and economies of scale.

Overall, competition in the industry is intense, and while Wabtec has solid advantages, some of its competitors have stronger economic moats due to size, integration, and geographical reach.

Revenue growth: 8% (2024) Profit growth: 10% (2024) Market share in the rail sector: 20% (2024)

Westinghouse Air Brake Technologies Corporation (Wabtec) recorded solid revenue growth of 8% in 2024, driven by strong demand for its products and services in the rail sector. The company also achieved a profit growth of 10%, indicating efficiency improvements and cost reduction measures.

Wabtec holds a significant market share of 20% in the rail sector, highlighting its strong market position. This position enables the company to benefit from increasing investments in infrastructure and sustainable transport solutions.

Furthermore, Wabtec continuously invests in research and development to develop innovative technologies that meet industry requirements. These strategic investments could lead to further growth and a stronger competitive position in the long term.

Overall, Wabtec's financial performance and market position suggest that the stock could be an attractive investment opportunity, especially for investors interested in long-term growth in sustainable transport solutions.

Dividend yield: 0.7% (estimated for 2025) Dividend history: Continuous payout for several years

Westinghouse Air Brake Technologies Corporation, also known as Wabtec, regularly pays a dividend to its shareholders. The dividend yield is currently around 0.7%. The company has a history of continuous dividend payments, indicating a reliable payout policy.

The stability of the dividend is supported by the company's solid financial performance. Wabtec has achieved steady revenues and profits in recent years, underpinning its ability to pay dividends. Analysts expect the company to continue to pay dividends in the future, provided there are no significant economic or industry-specific challenges.