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WAB vs. WAT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between WAB and WAT is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

WAB vs. WAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Westinghouse Air Brake Technologies Corporation (WAB) and Waters Corporation (WAT). The values are adjusted to include any dividend payments, if applicable.

4,000.00%6,000.00%8,000.00%10,000.00%December2025FebruaryMarchAprilMay
4,599.91%
8,917.45%
WAB
WAT

Key characteristics

Sharpe Ratio

WAB:

0.63

WAT:

0.20

Sortino Ratio

WAB:

0.98

WAT:

0.62

Omega Ratio

WAB:

1.15

WAT:

1.08

Calmar Ratio

WAB:

0.74

WAT:

0.22

Martin Ratio

WAB:

2.24

WAT:

0.68

Ulcer Index

WAB:

7.77%

WAT:

10.99%

Daily Std Dev

WAB:

27.85%

WAT:

37.62%

Max Drawdown

WAB:

-71.84%

WAT:

-80.12%

Current Drawdown

WAB:

-9.73%

WAT:

-20.17%

Fundamentals

Market Cap

WAB:

$32.75B

WAT:

$20.34B

EPS

WAB:

$6.39

WAT:

$10.71

PE Ratio

WAB:

29.95

WAT:

31.92

PEG Ratio

WAB:

3.92

WAT:

2.29

PS Ratio

WAB:

3.11

WAT:

6.87

PB Ratio

WAB:

3.16

WAT:

11.31

Total Revenue (TTM)

WAB:

$10.50B

WAT:

$2.32B

Gross Profit (TTM)

WAB:

$3.31B

WAT:

$1.36B

EBITDA (TTM)

WAB:

$2.02B

WAT:

$843.51M

Returns By Period

In the year-to-date period, WAB achieves a -0.08% return, which is significantly higher than WAT's -8.62% return. Over the past 10 years, WAB has underperformed WAT with an annualized return of 7.25%, while WAT has yielded a comparatively higher 10.06% annualized return.


WAB

YTD

-0.08%

1M

17.55%

6M

-1.59%

1Y

16.61%

5Y*

28.76%

10Y*

7.25%

WAT

YTD

-8.62%

1M

4.34%

6M

-12.44%

1Y

5.99%

5Y*

12.81%

10Y*

10.06%

*Annualized

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Risk-Adjusted Performance

WAB vs. WAT — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WAB
The Risk-Adjusted Performance Rank of WAB is 7171
Overall Rank
The Sharpe Ratio Rank of WAB is 7474
Sharpe Ratio Rank
The Sortino Ratio Rank of WAB is 6464
Sortino Ratio Rank
The Omega Ratio Rank of WAB is 6767
Omega Ratio Rank
The Calmar Ratio Rank of WAB is 7878
Calmar Ratio Rank
The Martin Ratio Rank of WAB is 7474
Martin Ratio Rank

WAT
The Risk-Adjusted Performance Rank of WAT is 5858
Overall Rank
The Sharpe Ratio Rank of WAT is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of WAT is 5555
Sortino Ratio Rank
The Omega Ratio Rank of WAT is 5353
Omega Ratio Rank
The Calmar Ratio Rank of WAT is 6262
Calmar Ratio Rank
The Martin Ratio Rank of WAT is 6060
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

WAB vs. WAT - Risk-Adjusted Performance 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.


The current WAB Sharpe Ratio is 0.63, which is higher than the WAT Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of WAB and WAT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00December2025FebruaryMarchAprilMay
0.63
0.20
WAB
WAT

Dividends

WAB vs. WAT - Dividend Comparison

WAB's dividend yield for the trailing twelve months is around 0.45%, while WAT has not paid dividends to shareholders.


TTM20242023202220212020201920182017201620152014
WAB
Westinghouse Air Brake Technologies Corporation
0.45%0.42%0.54%0.60%0.52%0.66%0.62%0.68%0.54%0.43%0.39%0.23%
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 -71.84%, 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. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-9.73%
-20.17%
WAB
WAT

Volatility

WAB vs. WAT - Volatility Comparison

The current volatility for Westinghouse Air Brake Technologies Corporation (WAB) is 12.88%, while Waters Corporation (WAT) has a volatility of 15.67%. 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.


5.00%10.00%15.00%20.00%December2025FebruaryMarchAprilMay
12.88%
15.67%
WAB
WAT

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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


500.00M1.00B1.50B2.00B2.50B20212022202320242025
2.61B
872.71M
(WAB) Total Revenue
(WAT) Total Revenue
Values in USD except per share items

WAB vs. WAT - Profitability Comparison

The chart below illustrates the profitability comparison between Westinghouse Air Brake Technologies Corporation and Waters Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

20.0%30.0%40.0%50.0%60.0%20212022202320242025
34.5%
60.1%
(WAB) Gross Margin
(WAT) Gross Margin
WAB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Westinghouse Air Brake Technologies Corporation reported a gross profit of 900.00M and revenue of 2.61B. Therefore, the gross margin over that period was 34.5%.

WAT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Waters Corporation reported a gross profit of 524.20M and revenue of 872.71M. Therefore, the gross margin over that period was 60.1%.

WAB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Westinghouse Air Brake Technologies Corporation reported an operating income of 474.00M and revenue of 2.61B, resulting in an operating margin of 18.2%.

WAT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Waters Corporation reported an operating income of 292.26M and revenue of 872.71M, resulting in an operating margin of 33.5%.

WAB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Westinghouse Air Brake Technologies Corporation reported a net income of 322.00M and revenue of 2.61B, resulting in a net margin of 12.3%.

WAT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Waters Corporation reported a net income of 231.40M and revenue of 872.71M, resulting in a net margin of 26.5%.