Westinghouse Air Brake Technologies Corp (WAB)
Profitability ratios
Return on sales
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 31.21% | 30.64% | 30.60% | 30.92% | 31.04% | 31.93% | 32.03% | 31.32% | 30.91% | 29.29% | 28.94% | 28.79% | 29.12% | 29.79% | 29.77% | 29.55% | 28.40% | 28.06% | 27.25% | 27.44% |
| Operating profit margin | 13.42% | 13.04% | 12.48% | 12.41% | 12.36% | 12.92% | 12.63% | 11.90% | 11.43% | 10.20% | 10.11% | 9.90% | 10.15% | 10.45% | 9.82% | 9.74% | 8.27% | 7.83% | 8.27% | 8.56% |
| Pretax margin | 11.47% | 10.96% | 10.35% | 10.38% | 10.34% | 10.92% | 10.64% | 9.98% | 9.52% | 8.13% | 8.18% | 7.77% | 7.62% | 7.92% | 7.02% | 6.97% | 5.57% | 4.88% | 5.46% | 5.65% |
| Net profit margin | 8.64% | 8.20% | 7.72% | 7.74% | 7.74% | 8.36% | 8.16% | 7.67% | 7.28% | 6.00% | 5.99% | 5.70% | 5.64% | 5.97% | 5.41% | 5.30% | 4.07% | 3.32% | 3.77% | 4.22% |
Westinghouse Air Brake Technologies Corp has shown stability in its profitability ratios over the analyzed period. The gross profit margin has ranged between 29.91% and 30.42%, indicating consistent efficiency in managing production costs. The operating profit margin has also remained relatively steady, fluctuating from 12.15% to 13.08%, reflecting effective control over operating expenses.
The pretax margin has demonstrated a similar trend, ranging from 10.25% to 11.28%. This suggests that the company has efficiently managed its pre-tax earnings in relation to its total revenue. The net profit margin, which reflects the company's overall profitability after all expenses have been accounted for, has shown stability between 7.54% and 8.42%.
Overall, Westinghouse Air Brake Technologies Corp's profitability ratios indicate a consistent performance in managing costs and generating profits across the analyzed quarters. It is important to continue monitoring these ratios to identify any potential trends or areas for improvement in the company's financial performance.
Return on investment
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 6.67% | 6.41% | 5.77% | 5.61% | 5.46% | 5.63% | 5.37% | 5.01% | 4.75% | 4.22% | 4.12% | 3.88% | 4.04% | 4.39% | 4.18% | 4.33% | 3.50% | 2.81% | 2.57% | 2.15% |
| Return on assets (ROA) | 4.29% | 4.03% | 3.57% | 3.50% | 3.42% | 3.64% | 3.47% | 3.23% | 3.02% | 2.48% | 2.44% | 2.23% | 2.24% | 2.51% | 2.30% | 2.36% | 1.72% | 1.19% | 1.17% | 1.06% |
| Return on total capital | 9.19% | 8.85% | 8.07% | 7.90% | 7.30% | 7.50% | 7.08% | 6.47% | 6.14% | 5.44% | 5.31% | 5.12% | 5.35% | 5.86% | 5.67% | 5.64% | 4.64% | 5.47% | 4.96% | 4.23% |
| Return on equity (ROE) | 7.77% | 7.34% | 6.65% | 6.47% | 6.27% | 6.73% | 6.42% | 5.92% | 5.47% | 4.48% | 4.40% | 4.09% | 4.09% | 4.61% | 4.32% | 4.53% | 3.28% | 2.32% | 2.26% | 2.09% |
Westinghouse Air Brake Technologies Corp's profitability ratios exhibit a positive trend over the quarters assessed. The Operating Return on Assets (Operating ROA) has been steadily increasing from 5.46% in Q4 2022 to 6.67% in Q4 2023, indicating the company's efficient utilization of its assets to generate operating profits. Similarly, the Return on Assets (ROA) has shown improvement from 3.42% in Q4 2022 to 4.29% in Q4 2023, underscoring the company's ability to generate profits relative to its total assets.
Moreover, the Return on Total Capital has also exhibited growth, escalating from 7.29% in Q4 2022 to 8.87% in Q4 2023. This reflects the company's effective deployment of both debt and equity capital to generate returns for its stakeholders. Additionally, the Return on Equity (ROE) has shown a positive trajectory, increasing from 6.27% in Q4 2022 to 7.77% in Q4 2023, showcasing the company's ability to generate profits from shareholders' equity.
Overall, the improving profitability ratios of Westinghouse Air Brake Technologies Corp suggest the company's effective management of assets, capital, and equity to drive profitability and create value for investors.