Westinghouse Air Brake Technologies Corp (WAB) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Industrials / Manufacturing / Defense · as of Sep 24, 2026
Westinghouse Air Brake Technologies Corp (WAB)
A forensic read on Westinghouse Air Brake Technologies Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
B · Sound & dependable
Forensic grade
Safe
Financial health
6.0
Distress distance
Clean
Earnings quality
3
Forensic signals
37.7
P / E (ttm)
10.5%
ROE
$49.4B
Market cap
0.42%
Dividend yield
7.5%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Westinghouse Air Brake Technologies Corp earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 6.0, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+17.0%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +17.0% relative to their own average in FY2025 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. The build is led by receivables up +22% against revenue +8% and inventory up +19% against +5% in cost of sales. A cash-flow measure on the same base disagrees: reported earnings ran in line with operating cash by 4% of net operating assets, against an accruals ratio of 17.0%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average. Read them as two results, not one.
125d
FY2024→FY2025
Inventory days.Days inventory outstanding moved from 120 to 125 FY2024→FY2025 (against cost of goods sold; inventory +19% vs +5% in cost of sales). Inventory is building a little faster than sales — watch for markdowns.
7.3%
FY2025
Return on invested capital.Return on invested capital is 7.3% in the latest fiscal year, against 6% in FY2023, having run between 6.1% and 7.9% across FY2023–FY2025 with no direction held. The capital base behind it grew +16% across FY2023–FY2025, from $15.7B to $18.2B, and the return did not fall doing it, so the dollars added over that window earned at least the 6% the older base was already earning.
Key fundamentals
Latest Revenue$11.17B
Revenue Growth YoY+7.5%
Revenue CAGR (2yr)+7.4%
Net Margin10.5%
Free Cash Flow$1.50B
Return on Equity10.5%
Debt / Equity0.50x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Westinghouse Air Brake Technologies Corp's actual 10-K/10-Q/8-K filings?