RDW
Redwire Corporation
RDW offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
WAB
Westinghouse Air Brake Technologies Corporation
WAB has a slight edge over RDW overall, supported by lower modeled downside and stronger fundamentals.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
WAB Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Stable |
WAB's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
WAB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $301 | — |
| Cheap | 28x | $224 | -25% |
| Fair | 31x | $251 | -16% |
| Expensive | 37x | $302 | +0.4% |
| Current | 37x | $301 | — |
Historical ranges are pointers, not guarantees.
WAB's PE is in its expensive range at 37x. If earnings grow as analysts expect, today's price would be 25x next year's earnings, in its cheap range.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
WAB Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for WAB, with profitability improving.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
WAB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $11.90 | +48% |
| Q3 2026 | $8.05 | +17% |
| Q2 2026 | $7.44 | +11% |
| Q1 2026 | $7.07 | +11% |
| Q4 2025 | $6.83 | +13% |
| Q3 2025 | $6.89 | +15% |
| Q2 2025 | $6.71 | +18% |
| Q1 2025 | $6.39 | +25% |
| Q4 2024 | $6.04 | +33% |
WAB has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
WAB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.1B | +8.1% |
| Q2 2026 | $3.2B | +17% |
| Q1 2026 | $3B | +13% |
| Q4 2025 | $3B | +15% |
| Q3 2025 | $2.9B | +8.4% |
| Q2 2025 | $2.7B | +2.3% |
| Q1 2025 | $2.6B | +4.5% |
| Q4 2024 | $2.6B | +2.3% |
WAB's revenue has grown year over year for 22 quarters in a row: $3.1B last quarter, up 8.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +3 points |
| Q2 2026 | 19% | +1.4 points |
| Q1 2026 | 18% | -0.6 points |
| Q4 2025 | 12% | -0.9 points |
| Q3 2025 | 17% | +0.8 points |
| Q2 2025 | 17% | +1.2 points |
| Q1 2025 | 18% | +1.7 points |
| Q4 2024 | 13% | +0.7 points |
WAB has the edge over RDW on profitability, with a higher operating margin.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
WAB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $381M | +22% |
| Q2 2026 | $379M | +123% |
| Q1 2026 | $153M | +4.1% |
| Q4 2025 | $870M | +36% |
| Q3 2025 | $312M | -37% |
| Q2 2025 | $170M | -10% |
| Q1 2025 | $147M | -51% |
| Q4 2024 | $639M | +4.9% |
WAB has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
WAB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -800K shares |
| 1 year | -1.3% | -2.3M shares |
| 3 years | -5.8% | -10.4M shares |
| 5 years | -10% | -19.2M shares |
| Available history | -4.8% | -8.5M shares |
WAB has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $305M |
| Q2 2026 | $215M |
| Q1 2026 | $242M |
| Q4 2025 | $75M |
| Q3 2025 | — |
| Q2 2025 | $50M |
| Q1 2025 | $98M |
| Q4 2024 | $123M |
WAB spent $837M buying back its own shares over the past year, about three times what it spent the year before.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
WAB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.2x | Moderate |
| Q2 2026 | 2.4x | Moderate |
| Q1 2026 | 2.6x | Moderate |
| Q4 2025 | 2.1x | Moderate |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 1.5x | Healthy |
| Q1 2025 | 1.5x | Healthy |
| Q4 2024 | 1.6x | Healthy |
WAB's net debt is about 2.2 years of its operating earnings (EBITDA), about the same as a year ago.
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
WAB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.3 | Neutral |
| Stochastic | 47.0 | Neutral |
WAB's weekly RSI is 63 (neutral) and its Stochastic is 47 (neutral).
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
WAB PE vs Industrials Sector
| Metric | WAB | Sector median | Relative |
|---|---|---|---|
| PE | 37x | 24x | 55% above |
| PE % | 81 | 58 | 23 pts above |
WAB is trading at 37x earnings, a 55% premium to the Industrials sector's median of 24x.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
WAB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $285.5 | 5.3% above |
| 20 week MA | $284.5 | 5.6% above |
| 50 week MA | $262.2 | 15% above |
| 100 week MA | $228.4 | 32% above |
| 200 week MA | $181.6 | 65% above |
WAB has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW's yearly returns have swung widely, from +501% in 2024 to −74% in 2022. It's up 12% so far in 2026.
WAB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $78.6 | $73.3 | -6.7% |
| 2021 | $73.3 | $89.9 | +23% |
| 2022 | $89.9 | $100.5 | +12% |
| 2023 | $100.5 | $126.9 | +26% |
| 2024 | $126.9 | $192.0 | +51% |
| 2025 | $192.0 | $219.3 | +14% |
| 2026 YTD | $219.3 | $300.5 | +37% |
WAB has the edge over RDW on returns for 2026, with the stronger performance.