Terex
TEX · Construction Machinery & Heavy Transportation Equipment
$51.29
1.6%Wabtec
WAB · Construction Machinery & Heavy Transportation Equipment
$272.35
1.5%The short version
- Wabtec is the larger business, with $11.2B of revenue in fiscal 2025 against $5.4B for Terex, about 2.1 times as much.
- Wabtec grew revenue faster (7.5%, against 5.7%).
- Wabtec kept more of each dollar of sales as operating profit (16.1% operating margin, against 8.8% operating margin).
- Wabtec turned more of its sales into free cash flow (13.4% FCF margin, against 5.9% FCF margin).
| Latest fiscal year | TEX · FY25 | WAB · FY25 |
|---|---|---|
| Size | ||
| Market cap | $5.9B | $46.0B |
| Revenue | $5.4B | $11.2B |
| Free cash flow | $322M | $1.5B |
| Net income | $221M | $1.2B |
| Growth | ||
| Revenue growth | 5.7% | 7.5% |
| 5-year growth | 12.0% | 8.1% |
| Share count change | −1.9% | −2.1% |
| Profitability | ||
| Gross margin | 19.4% | 34.1% |
| Operating margin | 8.8% | 16.1% |
| Net margin | 4.1% | 10.5% |
| FCF margin | 5.9% | 13.4% |
| Return on capital | 9.0% | 9.1% |
| Return on equity | 11.3% | 11.0% |
| Balance sheet | ||
| Net debt | $1.8B | $4.8B |
| Net debt / EBITDA | 2.9x | 2.1x |
| Dividends and buybacks | $101M | $396M |
| Valuation & quality | ||
| P/E | — | 33.8x |
| Piotroski F-score | 6 | 7 |
FY16
TEX $4.4B
WAB $2.9B
FY17
TEX $3.8B
WAB $3.9B
FY18
TEX $4.5B
WAB $4.4B
FY19
TEX $4.4B
WAB $8.2B
FY20
TEX $3.1B
WAB $7.6B
FY21
TEX $3.9B
WAB $7.8B
FY22
TEX $4.4B
WAB $8.4B
FY23
TEX $5.2B
WAB $9.7B
FY24
TEX $5.1B
WAB $10.4B
FY25
TEX $5.4B
WAB $11.2B
TEX
WAB
FY16
TEX −3.2%
WAB 15.6%
FY17
TEX 6.0%
WAB 10.9%
FY18
TEX 9.1%
WAB 10.9%
FY19
TEX 7.7%
WAB 8.1%
FY20
TEX 2.2%
WAB 9.9%
FY21
TEX 8.4%
WAB 11.2%
FY22
TEX 9.5%
WAB 12.1%
FY23
TEX 12.4%
WAB 13.1%
FY24
TEX 10.3%
WAB 15.5%
FY25
TEX 8.8%
WAB 16.1%
TEX
WAB
FY16
TEX $319M
WAB $400M
FY17
TEX $121M
WAB $99.3M
FY18
TEX $3.2M
WAB $221M
FY19
TEX $67.9M
WAB $830M
FY20
TEX $161M
WAB $648M
FY21
TEX $234M
WAB $943M
FY22
TEX $151M
WAB $889M
FY23
TEX $332M
WAB $1.0B
FY24
TEX $189M
WAB $1.6B
FY25
TEX $322M
WAB $1.5B
TEX
WAB
FY16
TEX −3.7%
WAB 10.4%
FY17
TEX 7.2%
WAB 7.0%
FY18
TEX 20.6%
WAB 7.1%
FY19
TEX 17.2%
WAB 4.9%
FY20
TEX 3.7%
WAB 4.0%
FY21
TEX 18.4%
WAB 4.9%
FY22
TEX 21.6%
WAB 5.5%
FY23
TEX 31.8%
WAB 6.9%
FY24
TEX 14.5%
WAB 8.9%
FY25
TEX 9.0%
WAB 9.1%
TEX
WAB
Add another company
Compare up to four at once.
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.