Grizzly Bulls
Financial research concept

Rail Equipment 12-Month Backlog Growth

measures growth in the portion of Wabtec backlog expected within the next 12 months.

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. The measure is a subset of total backlog
  2. Near-term and total growth can diverge
  3. Part of the Rail Equipment Manufacturing Economics
  4. See It in Company Research
  5. Continue Research

Rail equipment 12-month backlog growth measures year-over-year growth in the subset of Wabtec's backlog designated as 12-month backlog.

Wabtec reported $9.140B of 12-month backlog at June 30, 2026, up 11.3% from $8.210B a year earlier.

The measure is a subset of total backlog

Wabtec explicitly identifies 12-month backlog as part of the larger multi-year backlog.

That makes it a nearer-term visibility measure rather than a separate order book.

Near-term and total growth can diverge

Total backlog grew 41.7% in the same comparison, much faster than 12-month backlog.

Read it with total backlog growth and Transit 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 Growth12-Month Backlog GrowthCurrent concept
  • 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 near-term backlog growth as a subset of Wabtec's total multi-year backlog.

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