WAB vs. WAT
Compare and contrast key facts about Westinghouse Air Brake Technologies Corporation (WAB) and Waters Corporation (WAT).
Performance
WAB vs. WAT - Performance Comparison
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WAB vs. WAT - 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% |
WAT Waters Corporation | -21.60% | 2.39% | 12.68% | -3.90% | -8.06% | 50.59% | 5.89% | 23.85% | -2.35% | 43.75% |
Fundamentals
WAB:
$42.73B
WAT:
$17.80B
WAB:
$7.87
WAT:
$10.77
WAB:
31.77
WAT:
27.66
WAB:
3.83
WAT:
5.61
WAB:
3.82
WAT:
6.95
WAB:
$11.17B
WAT:
$3.17B
WAB:
$3.81B
WAT:
$1.88B
WAB:
$2.18B
WAT:
$970.17M
Returns By Period
In the year-to-date period, WAB achieves a 17.22% return, which is significantly higher than WAT's -21.60% return. Over the past 10 years, WAB has outperformed WAT with an annualized return of 12.68%, while WAT has yielded a comparatively lower 8.36% annualized return.
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%
WAT
- 1D
- 1.51%
- 1M
- -6.76%
- YTD
- -21.60%
- 6M
- -0.67%
- 1Y
- -19.20%
- 3Y*
- -1.29%
- 5Y*
- 0.90%
- 10Y*
- 8.36%
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Return for Risk
WAB vs. WAT — Risk / Return Rank
WAB
WAT
WAB vs. WAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Westinghouse Air Brake Technologies Corporation (WAB) and Waters Corporation (WAT). 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 | WAT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | -0.50 | +1.94 |
Sortino ratioReturn per unit of downside risk | 2.06 | -0.47 | +2.53 |
Omega ratioGain probability vs. loss probability | 1.28 | 0.94 | +0.35 |
Calmar ratioReturn relative to maximum drawdown | 2.76 | -0.57 | +3.33 |
Martin ratioReturn relative to average drawdown | 6.12 | -1.23 | +7.34 |
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 | WAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | -0.50 | +1.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | 0.03 | +1.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.28 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.42 | -0.07 |
Correlation
The correlation between WAB and WAT is 0.33, 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. WAT - Dividend Comparison
WAB's dividend yield for the trailing twelve months is around 0.42%, while WAT has not paid dividends to shareholders.
| 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% |
WAT Waters Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WAB vs. WAT - Drawdown Comparison
The maximum WAB drawdown since its inception was -71.85%, smaller than the maximum WAT drawdown of -80.12%. Use the drawdown chart below to compare losses from any high point for WAB and WAT.
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Drawdown Indicators
| WAB | WAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.85% | -80.12% | +8.27% |
Max Drawdown (1Y)Largest decline over 1 year | -13.82% | -31.32% | +17.50% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | -44.27% | +20.72% |
Max Drawdown (10Y)Largest decline over 10 years | -64.08% | -44.27% | -19.81% |
Current DrawdownCurrent decline from peak | -5.62% | -29.88% | +24.26% |
Average DrawdownAverage peak-to-trough decline | -24.10% | -23.99% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.24% | 14.49% | -8.25% |
Volatility
WAB vs. WAT - Volatility Comparison
The current volatility for Westinghouse Air Brake Technologies Corporation (WAB) is 8.79%, while Waters Corporation (WAT) has a volatility of 9.56%. This indicates that WAB experiences smaller price fluctuations and is considered to be less risky than WAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WAB | WAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.79% | 9.56% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 15.83% | 25.10% | -9.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.83% | 38.46% | -11.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.59% | 32.49% | -6.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.23% | 30.13% | +1.10% |
Financials
WAB vs. WAT - Financials Comparison
This section allows you to compare key financial metrics between Westinghouse Air Brake Technologies Corporation and Waters Corporation. 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. WAT - 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%.
WAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Waters Corporation reported a gross profit of 569.50M and revenue of 932.36M. Therefore, the gross margin over that period was 61.1%.
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%.
WAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Waters Corporation reported an operating income of 270.52M and revenue of 932.36M, resulting in an operating margin of 29.0%.
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%.
WAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Waters Corporation reported a net income of 225.21M and revenue of 932.36M, resulting in a net margin of 24.2%.