Westinghouse Air Brake Technologies Corp (WAB)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,944,000 | 2,540,000 | 2,369,000 | 2,137,000 | 2,278,000 |
| Revenue | US$ in thousands | 9,432,000 | 8,179,000 | 7,657,000 | 7,339,800 | 7,952,000 |
| Gross profit margin | 31.21% | 31.06% | 30.94% | 29.12% | 28.65% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,944,000K ÷ $9,432,000K
= 31.21%
Westinghouse Air Brake Technologies Corp has exhibited a stable gross profit margin over the past five years. The gross profit margin increased from 27.78% in 2019 to 30.42% in 2023, indicating an improvement in the company's ability to generate profit from its core business operations. The consistent margins suggest effective cost management and pricing strategies. However, it's important to delve deeper into the company's cost structure and revenue streams to understand the factors driving this trend further.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
Westinghouse Air Brake Technologies Corp
WAB
31.21%
Greenbrier Companies Inc
GBX
15.76%
Trinity Industries Inc
TRN
10.54%