Terex vs Wabtec
Wabtec is the larger business, with $11.17bn of revenue in fiscal 2025 against $5.42bn for Terex (2.1 times as much). Wabtec grew faster (7.5% against 5.7%). Wabtec kept more of each dollar of sales as profit: a net margin of 10.5% against 4.1%.
| Latest fiscal year | TerexTEX, 2025 | WabtecWAB, 2025 |
|---|---|---|
| Revenue | $5.42bn | $11.17bn |
| Revenue growth | 5.7% | 7.5% |
| Net income | $221m | $1.17bn |
| Operating margin | 8.8% | — |
| Net margin | 4.1% | 10.5% |
| Return on equity | 11.3% | 11.0% |
| Free cash flow | $322m | $1.50bn |
| Cash | $772m | $789m |
| Total debt | $2.59bn | $5.57bn |
| Debt to equity | 123.7% | — |
| Dividend per share | — | $1.00 |
| Dividend yield | 1.1% | 0.4% |
| Share buybacks | $56.0m | $223m |
| Employees | 10,700 | 31,000 |
| Market value | $6.58bn | $49.03bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 36 (Weak) | 66 (Moderate) |
| Insider trades, 12 months | 0 buys, 6 sales | 0 buys, 132 sales |