{
 "company": "Westinghouse Air Brake Technologies Corporation",
 "ticker": "WAB",
 "sector": "Railroads",
 "fiscalYearEnd": null,
 "revenueUsdM": 11167.0,
 "normalizedSga": {
  "pctRevenue": 13.34,
  "peerCount": 9,
  "peerMedianPctRevenue": 12.2,
  "peerLeanQuartilePctRevenue": 8.0,
  "peers": [
   {
    "ticker": "TRN",
    "name": "Trinity Industries, Inc.",
    "normalizedSgaPctRevenue": 9.94
   },
   {
    "ticker": "GBX",
    "name": "The Greenbrier Companies, Inc.",
    "normalizedSgaPctRevenue": 7.96
   },
   {
    "ticker": "FSTR",
    "name": "L.B. Foster Company",
    "normalizedSgaPctRevenue": 15.85
   },
   {
    "ticker": "RAIL",
    "name": "FreightCar America, Inc.",
    "normalizedSgaPctRevenue": 7.84
   },
   {
    "ticker": "HEI",
    "name": "HEICO Corporation",
    "normalizedSgaPctRevenue": 14.42
   },
   {
    "ticker": "TDG",
    "name": "TransDigm Group Incorporated",
    "normalizedSgaPctRevenue": 9.36
   },
   {
    "ticker": "CW",
    "name": "Curtiss-Wright Corporation",
    "normalizedSgaPctRevenue": 16.24
   },
   {
    "ticker": "PH",
    "name": "Parker-Hannifin Corporation",
    "normalizedSgaPctRevenue": 15.19
   }
  ],
  "definition": "Reported SG&A less the disclosed lines that distort comparison: advertising, R&D, pension, stock-based compensation, restructuring and one-time items, plus logistics reclassed where filers park it in SG&A."
 },
 "disclosedLines": [
  {
   "key": "research_dev",
   "label": "R&D",
   "pctRevenue": 2.0,
   "companiesDisclosing": 7,
   "peersDisclosing": [
    {
     "ticker": "GBX",
     "pctRevenue": 0.17
    },
    {
     "ticker": "FSTR",
     "pctRevenue": 0.67
    },
    {
     "ticker": "HEI",
     "pctRevenue": 2.7
    },
    {
     "ticker": "TDG",
     "pctRevenue": 1.34
    },
    {
     "ticker": "CW",
     "pctRevenue": 2.72
    },
    {
     "ticker": "PH",
     "pctRevenue": 1.21
    }
   ],
   "note": "Heavier than the peer norm."
  },
  {
   "key": "stock_comp",
   "label": "Stock-based comp",
   "pctRevenue": 0.72,
   "companiesDisclosing": 8,
   "peersDisclosing": [
    {
     "ticker": "TRN",
     "pctRevenue": 1.06
    },
    {
     "ticker": "GBX",
     "pctRevenue": 0.54
    },
    {
     "ticker": "FSTR",
     "pctRevenue": 0.95
    },
    {
     "ticker": "RAIL",
     "pctRevenue": 0.72
    },
    {
     "ticker": "TDG",
     "pctRevenue": 1.72
    },
    {
     "ticker": "CW",
     "pctRevenue": 0.61
    },
    {
     "ticker": "PH",
     "pctRevenue": 0.8
    }
   ],
   "note": "Right at the peer median. Not distorting the overhead picture."
  },
  {
   "key": "restructuring",
   "label": "Restructuring",
   "pctRevenue": 0.0,
   "companiesDisclosing": 9,
   "peersDisclosing": [
    {
     "ticker": "TRN",
     "pctRevenue": 0.0
    },
    {
     "ticker": "GBX",
     "pctRevenue": 0.0
    },
    {
     "ticker": "FSTR",
     "pctRevenue": 0.39
    },
    {
     "ticker": "RAIL",
     "pctRevenue": 0.0
    },
    {
     "ticker": "HEI",
     "pctRevenue": 0.0
    },
    {
     "ticker": "TDG",
     "pctRevenue": 0.0
    },
    {
     "ticker": "CW",
     "pctRevenue": 0.13
    },
    {
     "ticker": "PH",
     "pctRevenue": 0.0
    }
   ],
   "note": "No filed restructuring charges for the latest fiscal year; runs in line with the typical peer, counted wherever they sit on the P&L; one-time charges are stripped from the Exhibit 2 number either way."
  }
 ],
 "gapToPeers": null,
 "tsrBridge": [
  {
   "label": "1 year",
   "span": "FY2024 to FY2025",
   "companyTsrPct": 13,
   "peerTsrPct": 16,
   "driverPp": {
    "Revenue growth": 17.6,
    "Gross margin": -19.2,
    "SG&A": 5,
    "Multiple": 0.4,
    "Other": -7.2
   }
  },
  {
   "label": "3 years",
   "span": "FY2022 to FY2025",
   "companyTsrPct": 117,
   "peerTsrPct": 139,
   "driverPp": {
    "Revenue growth": -8.4,
    "Gross margin": -104.8,
    "SG&A": -29.1,
    "Multiple": 116.9,
    "Other": 3.6
   }
  },
  {
   "label": "5 years",
   "span": "FY2020 to FY2025",
   "companyTsrPct": 200,
   "peerTsrPct": 218,
   "driverPp": {
    "Revenue growth": -9.6,
    "Gross margin": -16.1,
    "SG&A": 24.6,
    "Multiple": -50.8,
    "Other": 34.4
   }
  }
 ],
 "recentQuarter": null,
 "sources": [
  "10-K and 10-Q filings (US GAAP)",
  "XBRL company facts",
  "earnings releases"
 ],
 "urls": {
  "briefing": "https://sgabenchmarking.com/r/WAB",
  "json": "https://sgabenchmarking.com/r/WAB.json",
  "industryBenchmarks": "https://sgabenchmarking.com/catalog.json"
 },
 "publisher": "SG&A Benchmarking, https://sgabenchmarking.com"
}