---
title: "Wabtec: Competitors & Industry Structure"
description: "Wabtec compared with companies that share its SEC industry classification: revenue, growth and margins from SEC filings, and how the peer group is chosen."
canonical: https://www.getswoopr.com/stocks/companies/wabtec/competitors/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Wabtec: Competitors & Industry Structure

## Direct Answer

SEC EDGAR classifies Wabtec under SIC major group 37. Among Swoopr's S&P 500 Equal Weight companies, 71 others share that classification; by latest reported revenue, Wabtec ranks 15 of 72. A filing classification is a starting point: a company's real competitors depend on its segments, which its 10-K describes.

## How Does Wabtec Compare With Its Peers?

| Company | Revenue (latest FY) | Revenue growth | Operating margin | Net margin |
| --- | --- | --- | --- | --- |
| [Ford Motor Company (F)](https://www.getswoopr.com/stocks/companies/ford-motor-company/) | $187 billion FY2025 | 1.2% | -4.9% | -4.4% |
| [General Motors (GM)](https://www.getswoopr.com/stocks/companies/general-motors/) | $185 billion FY2025 | -1.3% | 1.6% | 1.5% |
| [Tesla (TSLA)](https://www.getswoopr.com/stocks/companies/tesla/) | $94.8 billion FY2025 | -2.9% | 4.6% | 4.0% |
| [Boeing (BA)](https://www.getswoopr.com/stocks/companies/boeing/) | $89.5 billion FY2025 | 34.5% | 4.8% | 2.5% |
| [RTX Corporation (RTX)](https://www.getswoopr.com/stocks/companies/rtx-corporation/) | $88.6 billion FY2025 | 9.7% | 10.5% | 7.6% |
| [Lockheed Martin (LMT)](https://www.getswoopr.com/stocks/companies/lockheed-martin/) | $75.0 billion FY2025 | 5.6% | 10.3% | 6.7% |
| [General Dynamics (GD)](https://www.getswoopr.com/stocks/companies/general-dynamics/) | $52.5 billion FY2025 | 10.1% | 10.2% | 8.0% |
| [Honeywell Technologies (HON)](https://www.getswoopr.com/stocks/companies/honeywell-technologies/) | $37.4 billion FY2025 | 7.8% | 21.7% | 12.6% |
| [Paccar (PCAR)](https://www.getswoopr.com/stocks/companies/paccar/) | $28.4 billion FY2025 | -15.5% | n/a | 8.4% |
| [Lear Corporation (LEA)](https://www.getswoopr.com/stocks/companies/lear-corporation/) | $23.3 billion FY2025 | -0.2% | 3.3% | 1.9% |
| [Aptiv (APTV)](https://www.getswoopr.com/stocks/companies/aptiv/) | $20.4 billion FY2025 | 3.5% | 5.8% | 0.8% |
| [Textron (TXT)](https://www.getswoopr.com/stocks/companies/textron/) | $14.8 billion FY2025 | 8.0% | n/a | 6.2% |
| [BorgWarner Inc. (BWA)](https://www.getswoopr.com/stocks/companies/borgwarner-inc/) | $14.3 billion FY2025 | 1.6% | 3.7% | 1.9% |
| [Huntington Ingalls Industries (HII)](https://www.getswoopr.com/stocks/companies/huntington-ingalls-industries/) | $12.5 billion FY2025 | 8.2% | 5.3% | 4.8% |
| **Wabtec (WAB)** | $11.2 billion FY2025 | 7.5% | 16.1% | 10.5% |
| [Oshkosh Corporation (Holding Company)Common Stock (OSK)](https://www.getswoopr.com/stocks/companies/oshkosh-corporation-holding-company-common-stock/) | $10.4 billion FY2025 | -2.9% | 9.0% | 6.2% |
| [Thor Industries Inc. (THO)](https://www.getswoopr.com/stocks/companies/thor-industries-inc/) | $9.6 billion FY2025 | -4.6% | n/a | 2.7% |
| [TransDigm Group (TDG)](https://www.getswoopr.com/stocks/companies/transdigm-group/) | $8.8 billion FY2025 | 11.2% | 47.2% | 23.5% |
| [Dana Incorporated (DAN)](https://www.getswoopr.com/stocks/companies/dana-incorporated/) | $7.5 billion FY2025 | -3.0% | 1.9% | 1.1% |
| [Polaris Inc. (PII)](https://www.getswoopr.com/stocks/companies/polaris-inc/) | $7.2 billion FY2025 | -0.3% | -4.9% | -6.5% |
| [StandardAero Inc. (SARO)](https://www.getswoopr.com/stocks/companies/standardaero-inc/) | $6.1 billion FY2025 | 15.8% | 9.1% | 4.6% |
| [Rivian Automotive Inc. (RIVN)](https://www.getswoopr.com/stocks/companies/rivian-automotive-inc/) | $5.4 billion FY2025 | 8.4% | -66.5% | -67.7% |
| [Heico Corporation (HEI)](https://www.getswoopr.com/stocks/companies/heico-corporation/) | $4.5 billion FY2025 | 16.3% | 22.7% | 15.4% |
| [Harley-Davidson Inc. (HOG)](https://www.getswoopr.com/stocks/companies/harley-davidson-inc/) | $4.5 billion FY2025 | -13.8% | 8.6% | 7.6% |
| [LCI Industries (LCII)](https://www.getswoopr.com/stocks/companies/lci-industries/) | $4.1 billion FY2025 | 10.2% | 6.8% | 4.6% |
| [Visteon Corporation (VC)](https://www.getswoopr.com/stocks/companies/visteon-corporation/) | $3.8 billion FY2025 | -2.5% | n/a | 0.0% |
| [Modine Manufacturing Company (MOD)](https://www.getswoopr.com/stocks/companies/modine-manufacturing-company/) | $3.2 billion FY2026 | 23.1% | 10.8% | 3.8% |
| [Allison Transmission Holdings Inc. (ALSN)](https://www.getswoopr.com/stocks/companies/allison-transmission-holdings-inc/) | $3.0 billion FY2025 | -6.7% | 29.2% | 20.7% |
| [Cooper-Standard Holdings Inc. (CPS)](https://www.getswoopr.com/stocks/companies/cooper-standard-holdings-inc/) | $2.7 billion FY2025 | 0.4% | 3.2% | -0.2% |
| [Gentex Corporation (GNTX)](https://www.getswoopr.com/stocks/companies/gentex-corporation/) | $2.5 billion FY2025 | 9.6% | 18.7% | 15.2% |
| [AeroVironment Inc. (AVAV)](https://www.getswoopr.com/stocks/companies/aerovironment-inc/) | $2.0 billion FY2026 | 140.9% | -15.7% | -13.4% |
| [Wabash National Corporation (WNC)](https://www.getswoopr.com/stocks/companies/wabash-national-corporation/) | $1.5 billion FY2025 | -20.8% | 19.9% | 13.7% |
| [Blue Bird Corporation (BLBD)](https://www.getswoopr.com/stocks/companies/blue-bird-corporation/) | $1.5 billion FY2025 | 9.9% | 11.3% | 8.6% |
| [Lucid Group Inc. (LCID)](https://www.getswoopr.com/stocks/companies/lucid-group-inc/) | $1.4 billion FY2025 | 67.6% | -258.7% | -199.3% |
| [Kratos Defense & Security Solutions Inc. (KTOS)](https://www.getswoopr.com/stocks/companies/kratos-defense-and-security-solutions-inc/) | $1.3 billion FY2025 | 18.5% | 1.9% | 1.6% |
| [Astronics Corporation (ATRO)](https://www.getswoopr.com/stocks/companies/astronics-corporation/) | $862 million FY2025 | 8.4% | 8.9% | 3.4% |
| [Stoneridge Inc. (SRI)](https://www.getswoopr.com/stocks/companies/stoneridge-inc/) | $861 million FY2025 | -5.2% | -4.5% | -11.9% |
| [Ducommun Incorporated (DCO)](https://www.getswoopr.com/stocks/companies/ducommun-incorporated/) | $825 million FY2025 | 4.9% | -4.3% | -4.5% |
| [Malibu Boats Inc. (MBUU)](https://www.getswoopr.com/stocks/companies/malibu-boats-inc/) | $808 million FY2025 | -2.6% | 2.7% | 1.9% |
| [Miller Industries Inc. (MLR)](https://www.getswoopr.com/stocks/companies/miller-industries-inc/) | $790 million FY2025 | -37.2% | n/a | 2.9% |
| [Motorcar Parts of America Inc. (MPAA)](https://www.getswoopr.com/stocks/companies/motorcar-parts-of-america-inc/) | $790 million FY2026 | 4.3% | 8.3% | 1.5% |
| [Commercial Vehicle Group Inc. (CVGI)](https://www.getswoopr.com/stocks/companies/commercial-vehicle-group-inc/) | $649 million FY2025 | -10.3% | -0.1% | -3.2% |
| [Holley Inc. (HLLY)](https://www.getswoopr.com/stocks/companies/holley-inc/) | $614 million FY2025 | 1.9% | 13.4% | 3.1% |
| [Rocket Lab (RKLB)](https://www.getswoopr.com/stocks/companies/rocket-lab/) | $602 million FY2025 | 38.0% | -38.0% | -32.9% |
| [STRATTEC SECURITY CORPORATION (STRT)](https://www.getswoopr.com/stocks/companies/strattec-security-corporation/) | $579 million FY2026 | 2.5% | 4.6% | 3.6% |
| [FreightCar America Inc. (RAIL)](https://www.getswoopr.com/stocks/companies/freightcar-america-inc/) | $501 million FY2025 | -10.4% | 6.8% | 7.6% |
| [Loar Holdings Inc. (LOAR)](https://www.getswoopr.com/stocks/companies/loar-holdings-inc/) | $496 million FY2025 | 23.2% | 21.4% | 0.0% |
| [Redwire Corporation (RDW)](https://www.getswoopr.com/stocks/companies/redwire-corporation/) | $335 million FY2025 | 10.3% | -68.5% | -67.6% |
| [MasterCraft Boat Holdings Inc. (MCFT)](https://www.getswoopr.com/stocks/companies/mastercraft-boat-holdings-inc/) | $284 million FY2025 | -11.8% | 4.0% | 2.5% |
| [Voyager Technologies Inc. (VOYG)](https://www.getswoopr.com/stocks/companies/voyager-technologies-inc/) | $166 million FY2025 | 15.4% | -65.2% | -63.0% |
| [Firefly Aerospace Inc. (FLY)](https://www.getswoopr.com/stocks/companies/firefly-aerospace-inc/) | $160 million FY2025 | 163.0% | -163.1% | -186.6% |
| [AIRO Group Holdings Inc. (AIRO)](https://www.getswoopr.com/stocks/companies/airo-group-holdings-inc/) | $91 million FY2025 | 4.6% | -31.6% | -4.5% |
| [SIFCO Industries Inc. (SIF)](https://www.getswoopr.com/stocks/companies/sifco-industries-inc/) | $85 million FY2025 | 6.5% | 0.2% | -0.9% |
| [Park Aerospace Corp. (PKE)](https://www.getswoopr.com/stocks/companies/park-aerospace-corp/) | $73 million FY2026 | 18.2% | 18.4% | 0.0% |
| [Massimo Group (MAMO)](https://www.getswoopr.com/stocks/companies/massimo-group/) | $72 million FY2025 | 3680.4% | 2.8% | 2.1% |
| [CPI Aerostructures Inc. (CVU)](https://www.getswoopr.com/stocks/companies/cpi-aerostructures-inc/) | $69 million FY2025 | -14.6% | -0.3% | -1.2% |
| [Joby Aviation Inc. (JOBY)](https://www.getswoopr.com/stocks/companies/joby-aviation-inc/) | $53 million FY2025 | 39183.1% | -1346.9% | -1740.5% |
| [Air Industries Group (AIRI)](https://www.getswoopr.com/stocks/companies/air-industries-group/) | $48 million FY2025 | -13.0% | -0.7% | -2.7% |
| [Xos Inc. (XOS)](https://www.getswoopr.com/stocks/companies/xos-inc/) | $46 million FY2025 | -17.8% | -71.9% | -0.0% |
| [Beta Technologies Inc. (BETA)](https://www.getswoopr.com/stocks/companies/beta-technologies-inc/) | $36 million FY2025 | 136.0% | -1046.3% | -2094.2% |
| [LiveWire Group Inc. (LVWR)](https://www.getswoopr.com/stocks/companies/livewire-group-inc/) | $26 million FY2025 | -3.6% | -294.0% | -292.6% |
| [Workhorse Group Inc. (WKHS)](https://www.getswoopr.com/stocks/companies/workhorse-group-inc/) | $21 million FY2025 | 201.1% | -223.7% | -302.2% |
| [Fly-E Group Inc. (FLYE)](https://www.getswoopr.com/stocks/companies/fly-e-group-inc/) | $19 million FY2026 | -25.0% | -33.8% | -48.6% |
| [Aeva Technologies Inc. (AEVA)](https://www.getswoopr.com/stocks/companies/aeva-technologies-inc/) | $18 million FY2025 | 99.4% | -705.8% | -802.0% |
| [Twin Vee PowerCats Co. (VEEE)](https://www.getswoopr.com/stocks/companies/twin-vee-powercats-co/) | $15 million FY2025 | 3.0% | -59.3% | -58.1% |
| [AgEagle Aerial Systems Inc. (UAVS)](https://www.getswoopr.com/stocks/companies/ageagle-aerial-systems-inc/) | $13 million FY2025 | -4.3% | -115.0% | -41.2% |
| [Azio AI Holdings Inc. (AZIO)](https://www.getswoopr.com/stocks/companies/azio-ai-holdings-inc/) | $6 million FY2025 | 217.6% | -651.3% | -658.8% |
| [Hyliion Holdings Corp. (HYLN)](https://www.getswoopr.com/stocks/companies/hyliion-holdings-corp/) | $3 million FY2025 | 130.3% | -1886.4% | -1645.7% |
| [Momentus Inc. (MNTS)](https://www.getswoopr.com/stocks/companies/momentus-inc/) | $1 million FY2025 | -47.5% | -2455.4% | -2682.7% |
| [Faraday Future Intelligent Electric Inc. (FFAI)](https://www.getswoopr.com/stocks/companies/faraday-future-intelligent-electric-inc/) | $536,000 FY2025 | -0.6% | -61763.1% | -74082.5% |
| [Archer Aviation Inc. (ACHR)](https://www.getswoopr.com/stocks/companies/archer-aviation-inc/) | $300,000 FY2025 | n/a | -243100.0% | -206066.7% |
| [AEye Inc. (LIDR)](https://www.getswoopr.com/stocks/companies/aeye-inc/) | $233,000 FY2025 | 15.3% | -13618.5% | -14574.2% |

Revenue growth compares each company's latest fiscal year with the one before. Fiscal years do not always end on the same date, so treat close comparisons with care.

![Bar chart of operating margin for Wabtec and 7 peers: Ford Motor Company (F) -4.9%, General Motors (GM) 1.6%, Tesla (TSLA) 4.6%, Boeing (BA) 4.8%, RTX Corporation (RTX) 10.5%, Lockheed Martin (LMT) 10.3%, General Dynamics (GD) 10.2%, Wabtec (WAB) 16.1%.](https://www.getswoopr.com/images/charts/wabtec-competitors-peer-margins.webp)
*Operating margin of Wabtec against companies sharing its SEC industry classification, from the table above. Select the chart to open it full size.*

## Where These Numbers Come From

Every figure on this page is a value Wabtec reported in its own SEC filings, read from the SEC's XBRL data (accession 0001628280-26-008067 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.

Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.

## Frequently Asked Questions

### Who are Wabtec's competitors?

Companies sharing Wabtec's SEC classification (SIC major group 37) include Ford Motor Company (F), General Motors (GM), Tesla (TSLA), Boeing (BA), RTX Corporation (RTX). Its 10-K names the competitors it considers most relevant.

### How does Wabtec compare with its peers on margins?

Wabtec's fiscal 2025 operating margin was 16.1%, against a peer median of 1.9%.

### How are these peers chosen?

By the SEC Standard Industrial Classification code each company files under, within Swoopr's S&P 500 Equal Weight company set, falling back to the two-digit major group when fewer than two companies share the exact code. Classification codes are broad, so read the peer list as a screen, not a verdict.

## References

- [SEC EDGAR: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP Form 10-K filed February 13, 2026](https://www.sec.gov/Archives/edgar/data/943452/000162828026008067/wab-20251231.htm)
- [SEC EDGAR: WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=943452&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)

## Related Pages

- [Wabtec company dossier](https://www.getswoopr.com/stocks/companies/wabtec/)
- [Wabtec financial metrics](https://www.getswoopr.com/stocks/companies/wabtec/metrics/)
- [Wabtec financial risk indicators](https://www.getswoopr.com/stocks/companies/wabtec/risks/)
- [Wabtec peer comparison](https://www.getswoopr.com/stocks/companies/wabtec/competitors/)
- [Wabtec business model and revenue mix](https://www.getswoopr.com/stocks/companies/wabtec/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).