Westinghouse Air Brake Technologies Corp (WAB)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 815,000 | 758,000 | 678,000 | 653,000 | 633,000 | 665,000 | 636,000 | 595,000 | 558,000 | 455,500 | 452,600 | 414,400 | 414,000 | 462,200 | 425,200 | 442,500 | 326,400 | 225,100 | 221,700 | 202,000 |
| Total stockholders’ equity | US$ in thousands | 10,487,000 | 10,326,000 | 10,188,000 | 10,085,000 | 10,102,000 | 9,881,000 | 9,905,000 | 10,049,000 | 10,201,000 | 10,156,600 | 10,294,400 | 10,144,100 | 10,123,000 | 10,016,900 | 9,845,600 | 9,761,800 | 9,956,500 | 9,696,400 | 9,801,760 | 9,687,850 |
| 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% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $815,000K ÷ $10,487,000K
= 7.77%
Westinghouse Air Brake Technologies Corp's Return on Equity (ROE) has been relatively consistent over the past eight quarters, ranging from 5.92% to 7.77%. The company's ROE increased from 6.27% in Q4 2022 to 7.77% in Q4 2023, indicating an improvement in profitability relative to equity. This steady performance suggests that the company is utilizing its equity effectively to generate profit. However, the fluctuations in ROE between quarters indicate potential variations in the company's financial performance and efficiency in utilizing shareholder equity. Overall, Westinghouse Air Brake Technologies Corp's ROE demonstrates a stable but not exceptional financial performance during the observed period.
Peer comparison
Dec 31, 2023