Westinghouse Air Brake Technologies Corporation stock research
FY2026 Q1
Westinghouse Air Brake Technologies (WAB) Gross Margin & Quarterly History
Explore Westinghouse Air Brake Technologies Corporation (WAB) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue was unchanged from the prior quarter but higher than the same quarter last year. Gross profit and gross margin both improved compared to the prior quarter and the same quarter last year, while cost of revenue was lower than the prior quarter but higher than the year-ago quarter.
- Gross profit increased relative to both the prior quarter and the year-ago quarter, while revenue was stable sequentially and higher year over year. The gross margin improvement was driven by a larger proportion of revenue flowing through to gross profit.
- Compared to the immediately preceding quarter, gross margin improved and cost of revenue decreased. Compared to the same quarter one year earlier, gross margin also improved, with revenue and gross profit both higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
36.0%
Gross profit
$1.1B
Revenue
$3.0B
Cost of revenue
$1.9B
Quarter-over-quarter change
+3.4 pts
Year-over-year change
+1.5 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $2.7B | $938.0M | $1.8B | 34.7% |
| Sep 30, 2025 | $2.9B | $1.0B | $1.9B | 34.7% |
| Dec 31, 2025 | $3.0B | $966.0M | $2.0B | 32.6% |
| Mar 31, 2026 | $3.0B | $1.1B | $1.9B | 36.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+3.4 pts
Year-over-year change
Mar 31, 2025
+1.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross profit increased relative to both the prior quarter and the year-ago quarter, while revenue was stable sequentially and higher year over year. The gross margin improvement was driven by a larger proportion of revenue flowing through to gross profit.
Compared to the immediately preceding quarter, gross margin improved and cost of revenue decreased. Compared to the same quarter one year earlier, gross margin also improved, with revenue and gross profit both higher.
Monitor the trend in cost of revenue relative to revenue, as it decreased sequentially but increased year over year.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Westinghouse Air Brake Technologies Corporation (WAB) | 36.0% |