Westinghouse Air Brake Technologies Corp (WAB)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,056,000 | 815,000 | 633,000 | 558,000 | 414,000 |
| Total stockholders’ equity | US$ in thousands | 10,091,000 | 10,487,000 | 10,102,000 | 10,201,000 | 10,123,000 |
| ROE | 10.46% | 7.77% | 6.27% | 5.47% | 4.09% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,056,000K ÷ $10,091,000K
= 10.46%
The return on equity (ROE) of Westinghouse Air Brake Technologies Corp has shown a positive trend over the past five years, increasing from 4.09% in December 31, 2020, to 10.46% in December 31, 2024. This indicates that the company has been more efficient in generating profits from shareholders' equity during this period. The steady growth in ROE suggests that the company's management has been effectively utilizing the shareholders' investments to generate higher returns. Overall, the improving ROE reflects positively on Westinghouse Air Brake Technologies Corp's financial performance and indicates a strengthening financial position.
Peer comparison
Dec 31, 2024