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Financial research concept

Rail Equipment Total Backlog Growth

measures year-over-year growth in Wabtec's multi-year consolidated backlog.

By Lee BaileyPublished Oct 2, 2026
Research context

See what supports this page, how current it is, and where comparable or historical context is available.

Research date
Oct 2, 2026Use the dated article and cited sources for the definition, examples, and stated limitations.
Operating-model context
7 connected conceptsPart of the reviewed Rail Equipment Manufacturing Economics; issuer definitions remain distinct where disclosed.
Company examples
1 reviewed companyRelationships reflect supported examples, not a normalized cross-company KPI ranking.
  1. Backlog provides visibility, not recognized revenue
  2. Multi-year and near-term backlog answer different questions
  3. Part of the Rail Equipment Manufacturing Economics
  4. See It in Company Research
  5. Continue Research

Rail equipment total backlog growth measures year-over-year growth in Wabtec's multi-year consolidated backlog.

Wabtec reported $30.932B of total backlog at June 30, 2026, up 41.7% from $21.828B a year earlier.

Backlog provides visibility, not recognized revenue

Orders in backlog convert to revenue over future periods and remain subject to timing and execution.

The metric therefore remains subordinate to the generic backlog concept.

Multi-year and near-term backlog answer different questions

Only part of Wabtec's total backlog is expected within the next 12 months.

Read it with twelve-month backlog growth and Freight sales growth.

Primary source: Wabtec Q2 2026 earnings release filed with the SEC.

Part of the Rail Equipment Manufacturing Economics

Connects Wabtec's Freight and Transit sales mix, segment margin conversion, multi-year backlog visibility, and issuer-defined operating cash flow conversion.

Browse the full operating model in Company Analysis →
Where this concept fits
  • Backlog visibility and cash conversionCurrent relationship
    Total backlog captures the multi-year order book, 12-month backlog isolates nearer-term visibility, and operating cash flow conversion shows how reported earnings and working capital translate into cash under Wabtec's issuer-defined formula.
    Operating Cash Flow ConversionTotal Backlog GrowthCurrent concept12-Month Backlog Growth
  • Freight equipment, services and digital mix
    Freight segment growth reflects new equipment, aftermarket services and digital products that can move in different directions, while Freight operating margin shows how that mix converts into segment profit.
    Freight Operating MarginFreight Sales Growth
  • Transit growth and profit conversion
    Transit sales growth captures passenger-rail equipment and aftermarket demand, including acquisition and currency effects, while Transit operating margin shows the segment's profit conversion.
    Transit Operating MarginTransit Sales Growth

See It in Company Research

These companies are examples of how the concept is reported or discussed in public filings. Definitions can differ by issuer; these links open company research rather than a normalized metric comparison.

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Compare rail equipment economics

Compare multi-year order-book growth without treating backlog as recognized revenue.

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