WAB vs. CP
Compare and contrast key facts about Westinghouse Air Brake Technologies Corporation (WAB) and Canadian Pacific Railway Limited (CP).
Performance
WAB vs. CP - Performance Comparison
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WAB vs. CP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAB Westinghouse Air Brake Technologies Corporation | 17.22% | 13.15% | 50.14% | 27.96% | 9.07% | 26.53% | -5.23% | 11.46% | -13.26% | -1.36% |
CP Canadian Pacific Railway Limited | 7.05% | 2.60% | -7.84% | 6.85% | 4.71% | 4.64% | 37.33% | 45.04% | -1.81% | 29.32% |
Fundamentals
WAB:
$42.73B
CP:
$70.67B
WAB:
$7.87
CP:
$4.54
WAB:
31.77
CP:
17.31
WAB:
0.72
CP:
5.63
WAB:
3.83
CP:
4.76
WAB:
3.82
CP:
1.51
WAB:
$11.17B
CP:
$15.08B
WAB:
$3.81B
CP:
$9.38B
WAB:
$2.18B
CP:
$8.38B
Returns By Period
In the year-to-date period, WAB achieves a 17.22% return, which is significantly higher than CP's 7.05% return. Both investments have delivered pretty close results over the past 10 years, with WAB having a 12.68% annualized return and CP not far behind at 12.58%.
WAB
- 1D
- 5.28%
- 1M
- -5.32%
- YTD
- 17.22%
- 6M
- 24.96%
- 1Y
- 38.49%
- 3Y*
- 35.95%
- 5Y*
- 26.62%
- 10Y*
- 12.68%
CP
- 1D
- 1.47%
- 1M
- -10.01%
- YTD
- 7.05%
- 6M
- 6.06%
- 1Y
- 13.01%
- 3Y*
- 1.53%
- 5Y*
- 1.25%
- 10Y*
- 12.58%
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Return for Risk
WAB vs. CP — Risk / Return Rank
WAB
CP
WAB vs. CP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Westinghouse Air Brake Technologies Corporation (WAB) and Canadian Pacific Railway Limited (CP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| WAB | CP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 0.55 | +0.90 |
Sortino ratioReturn per unit of downside risk | 2.06 | 1.04 | +1.02 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.12 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.76 | 0.88 | +1.88 |
Martin ratioReturn relative to average drawdown | 6.12 | 1.76 | +4.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WAB | CP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 0.55 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | 0.05 | +0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.49 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.33 | +0.02 |
Correlation
The correlation between WAB and CP is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
WAB vs. CP - Dividend Comparison
WAB's dividend yield for the trailing twelve months is around 0.42%, less than CP's 0.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WAB Westinghouse Air Brake Technologies Corporation | 0.42% | 0.47% | 0.42% | 0.54% | 0.60% | 0.52% | 0.66% | 0.62% | 0.68% | 0.54% | 0.43% | 0.39% |
CP Canadian Pacific Railway Limited | 0.84% | 0.86% | 0.76% | 0.78% | 0.96% | 0.84% | 0.76% | 0.93% | 1.07% | 0.92% | 0.98% | 0.98% |
Drawdowns
WAB vs. CP - Drawdown Comparison
The maximum WAB drawdown since its inception was -71.85%, roughly equal to the maximum CP drawdown of -69.17%. Use the drawdown chart below to compare losses from any high point for WAB and CP.
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Drawdown Indicators
| WAB | CP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.85% | -69.17% | -2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -13.82% | -16.23% | +2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | -25.88% | +2.33% |
Max Drawdown (10Y)Largest decline over 10 years | -64.08% | -33.70% | -30.38% |
Current DrawdownCurrent decline from peak | -5.62% | -12.42% | +6.80% |
Average DrawdownAverage peak-to-trough decline | -24.10% | -20.36% | -3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.24% | 8.15% | -1.91% |
Volatility
WAB vs. CP - Volatility Comparison
Westinghouse Air Brake Technologies Corporation (WAB) has a higher volatility of 8.79% compared to Canadian Pacific Railway Limited (CP) at 5.78%. This indicates that WAB's price experiences larger fluctuations and is considered to be riskier than CP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WAB | CP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.79% | 5.78% | +3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 15.83% | 16.21% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.83% | 23.97% | +2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.59% | 24.31% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.23% | 25.63% | +5.60% |
Financials
WAB vs. CP - Financials Comparison
This section allows you to compare key financial metrics between Westinghouse Air Brake Technologies Corporation and Canadian Pacific Railway Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
WAB vs. CP - Profitability Comparison
WAB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Westinghouse Air Brake Technologies Corporation reported a gross profit of 966.00M and revenue of 2.97B. Therefore, the gross margin over that period was 32.6%.
CP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Canadian Pacific Railway Limited reported a gross profit of 2.96B and revenue of 3.92B. Therefore, the gross margin over that period was 75.5%.
WAB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Westinghouse Air Brake Technologies Corporation reported an operating income of 356.00M and revenue of 2.97B, resulting in an operating margin of 12.0%.
CP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Canadian Pacific Railway Limited reported an operating income of 1.61B and revenue of 3.92B, resulting in an operating margin of 41.1%.
WAB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Westinghouse Air Brake Technologies Corporation reported a net income of 378.00M and revenue of 2.97B, resulting in a net margin of 12.8%.
CP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Canadian Pacific Railway Limited reported a net income of 1.08B and revenue of 3.92B, resulting in a net margin of 27.5%.