Rail equipment and digital systems

Wabtec Corporation

Wabtec sells freight locomotives, transit components, aftermarket services, and signaling and inspection software to rail operators and rolling-stock manufacturers. Its production consumes steel, nonferrous metals, and electronic components, while external IT providers support systems integration and cloud migration.

WAB Updated Sep 11, 2026 3 AI consumers· 1 recurring

Per the valuechain.wiki graph, Wabtec Corporation is directly linked to 3 companies (0 supply, 3 revenue relationships) and reaches 9 companies within two hops; the links are backed by 10 dated sources, 1 of them primary filings (as of 2026-09-11).

Annual return · 2026-09-04'21+26.5%'22+9.1%'23+28%'24+50.1%'25+13.2%YTD+33%
Money in ▸Union Pacific Corporation●Contract value $1.2BCSX Corporation●Contract value $670MNorfolk Southern●Count 330 locomotives
Wabtec CorporationFY2025 revenue from contracts with customers: $11.167 billion
▸ Money outTata Consultancy Services●Wipro Limited●

Financials & Segments

  • Total revenue · FY2025 revenue from contracts with customers: $11.167 billion
  • Segments · Freight · Transit

Revenue from

  • Union Pacific Corporation High confidence· Contract value $1.2B · Q4 2025 locomotive modernization agreement · Total value of Union Pacific's AC4400 locomotive modernization agreement
    Union Pacific is a major Wabtec customer for AC4400 locomotive modernizations. The $1.2 billion agreement was signed in the fourth quarter of 2025, with deliveries expected to begin in 2027.
    Confirms EN Wabtec Corporation Published Feb 4, 2026: Union Pacific and Wabtec Sign $1.2B Deal to Modernize Locomotives
  • CSX Corporation High confidence· Contract value $670M · 2026 locomotive fleet upgrade agreement · Total value of the CSX new and modernized locomotive and digital-solutions agreement
    CSX ordered 100 new Evolution Series locomotives, 50 modernized locomotives, and digital solutions from Wabtec. The agreement announced in February 2026 is worth $670 million.
    Confirms EN CSX Corporation and Wabtec Corporation Published Feb 9, 2026: CSX Announces $670M Locomotive Fleet Upgrade with Wabtec
  • Norfolk Southern High confidence· Count 330 locomotives · multi-year order announced 2022, completion targeted 2025 · Locomotives covered by the additional Wabtec modernization order
    Wabtec is contracted by Norfolk Southern to modernize aging locomotives with AC traction, and disclosures from both the railroad and the supplier confirm the continuing program.
    Confirms EN Norfolk Southern Published Oct 8, 2025: Norfolk Southern Powers Past 1,000th Locomotive Modernization
    Confirms EN Wabtec Corporation Published Mar 23, 2022: Wabtec to Modernize 330 Norfolk Southern Locomotives

Pays to

  • Tata Consultancy Services High confidence
    TCS integrated Wabtec's ERP and remote locomotive-diagnostics systems following the GE Transportation transaction and migrated workloads to the cloud. The service consideration was not disclosed.
    Confirms EN Tata Consultancy Services Published Aug 2, 2021: TCS Enables Post-Merger Integration of GE Transportation into Wabtec
  • Wipro Limited High confidence
    Wipro was selected to migrate Wabtec's business-critical applications to a multi-cloud environment. The contract value was not disclosed.
    Confirms EN Wabtec Corporation Published Nov 4, 2019: Wabtec Corporation Collaborates with Wipro for Cloud-first Application Migration

Investments

  • Evident Inspection Technologies Division High confidence· Contract value $1.8B · 2025 completed acquisition · Consideration paid for 100% of Evident's Inspection Technologies division
    Wabtec acquired 100% of Evident's Inspection Technologies division in July 2025, adding nondestructive-testing and remote-visual-inspection capabilities to Digital Intelligence. The final purchase consideration disclosed in the 10-K was approximately $1.788 billion.
    Mentions KO The Bell Published Jul 23, 2026: Wabtec Leans into M&A as Rail Strength Supports the Shares
    Confirms EN SEC EDGAR Published Feb 13, 2026: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP 10-K (2026-02-13)
    Confirms KO Investing.com Korea Published Jul 2, 2025: Wabtec Completes $1.78 Billion Acquisition of Evident Inspection Business
    Confirms EN Wabtec Corporation Published Jul 1, 2025: Wabtec Finalizes Acquisition of Evident's Inspection Technologies Division

Value-chain ripple (2 tiers)

Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.

CompanyChain'21'22'23'24'25YTD
Archer-Daniels-Midland Companylead2+37.3+40-20.4-27.5+18.2+50.2
J.B. Huntlead2+50.6-13.9+15.6-13.8+15.2+41.7
FedExlead2+0.7-31.6+49.1+13.5+5.1+39.6
Ford Motor Companylead2+137.5-42.2+15.8-13.1+42.3+15.3
United Parcel Service, Inc.lead2+30-16.2-6-15.9-15.9+8
HD Hyundai Electriclead2+4.2+132.5+159.4+300.5+120.2-19.1
CSX Corporationlead1+25.7-16.6+13.5-5.6+14.1+37.5
Union Pacific Corporationlead1+23.3-15.9+21.6-5.1+3.9+27.1
Norfolk Southernlead1+27.3-15.6-1.6+1.6+25.6+15.6
Wabtec Corporationnode+26.5+9.1+28+50.1+13.2+33

YTD as of 2026-09-04 · source: Yahoo Finance

Wabtec Corporation operates across Rail equipment and digital systems. It stayed steadily positive in recent years and is +33% in 2026. The stock (+33%) and its demand side (avg +26.7%) are moving in step. Among connected nodes the furthest ahead is CSX Corporation (+37.5%) and the furthest behind is Norfolk Southern (+15.6%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Its production consumes steel, nonferrous metals, and electronic components, while external IT providers support systems integration and cloud migration.

Analysis generated from returns as of 2026-09-04

← All companiesMarkdown · JSON

For information only, not investment advice. Content on this site is generated by AI from verified, cross-checked sources and may contain errors.

© 2026 Willow Investments, Inc.Company value-chain data · contact@willowinvt.com