Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $7,556 | $7,822 | $8,362 | $9,677 | $10,387 |
| Gross Profit | $2,137 | $2,369 | $2,540 | $2,944 | $3,366 |
| Operating Income | $745 | $876 | $1,011 | $1,266 | $1,609 |
| Net Income | $414 | $558 | $633 | $815 | $1,056 |
Over the past five years, Westinghouse Air Brake Technologies Corporation has demonstrated consistent growth across all major income statement metrics. Revenue increased from USD 7.56 billion in 2020 to USD 10.39 billion in 2024, indicating a healthy upward trend that reflects solid market demand. Gross profit followed suit, rising from USD 2.14 billion to USD 3.37 billion, while operating income and net income also saw notable improvements. Operating income climbed from USD 744.5 million in 2020 to USD 1.61 billion in 2024, and net income expanded from USD 414.4 million to USD 1.056 billion. These trends suggest improvements in operational efficiency and cost management over the period. Notably, certain year-over-year changes exceeded a 20% increase. For instance, net income increased by approximately 35% from 2020 to 2021, indicating a significant acceleration in profitability early in the period. Similarly, between 2023 and 2024, operating income and net income grew by around 27% and 29%, respectively, underscoring strong performance dynamics possibly driven by operational improvements and enhanced market positioning in the transportation and industrial technology sector. Westinghouse Air Brake’s steady revenue growth coupled with rising margins suggests a robust financial foundation and a sustainable business model in an industry where safety, reliability, and technological advancements are critical. Overall, the company’s consistent financial performance points to a solid operational footing, positioning it well to navigate evolving market challenges and capitalize on future growth opportunities.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.