• Wabtec average return on tangible equity for 2024 was -71.75, a 70.47% increase from 2023.
• Wabtec average return on tangible equity for 2023 was -42.09, a 36.04% increase from 2022.
• Wabtec average return on tangible equity for 2022 was -30.94, a 47.4% increase from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.