CSL vs. WAB: Carlisle vs. Wabtec Stock Comparison

November 11, 2026

How do Carlisle (CSL) and Wabtec (WAB) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Carlisle (CSL) and Wabtec (WAB) both fall under the Capital Goods industry group, but CSL is classified in Building Products while WAB is classified in Machinery.

Company profile comparison for Carlisle (CSL) and Wabtec (WAB)
Profile Item	CSL	WAB
Name	Carlisle Companies Incorporated	Wabtec Corporation
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Building Products	Machinery
GICS Sub-Industry	Building Products	Construction Machinery & Heavy Transportation Equipment
Market Capitalization	14.52 billion USD	47.59 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 21, 1973	June 16, 1995
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CSL

WAB

GSPC

Carlisle (CSL) vs. Wabtec (WAB), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Carlisle (CSL) and Wabtec (WAB). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Carlisle (CSL) and Wabtec (WAB). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Carlisle (CSL) and Wabtec (WAB)
Metric	CSL	WAB
Total Return (1Y)	24.99%	44.64%
Total Return (3Y, Annualized)	15.85%	39.37%
Total Return (5Y, Annualized)	12.02%	25.90%

Risk Profile

Drawdown History

CSL

WAB

GSPC

Carlisle (CSL) vs. Wabtec (WAB), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Carlisle (CSL) and Wabtec (WAB). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Carlisle (CSL) and Wabtec (WAB)
Metric	CSL	WAB
Volatility (1Y, Annualized)	38.46%	27.53%
Beta (5Y)	0.76	0.91
Max Drawdown (5Y)	-37.72%	-23.55%
Avg. Volume (3M)	509.16K	890.96K

Risk-Adjusted Performance

Risk-Return Positioning

CSL and WAB are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Carlisle (CSL) and Wabtec (WAB)
Metric	CSL	WAB
Sharpe Ratio (1Y)	0.54	1.47
Sortino Ratio (1Y)	0.87	2.34

Profitability

ROE (TTM)

Carlisle (CSL) at 42.34% clears its industry range for ROE, a sharper capital-efficiency signal than Wabtec (WAB) at 12.24%, which is closer to a typical peer reading.

CSL

Capital Goods industry group

42.34%

CSL: 42.34%
Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

WAB

Capital Goods industry group

12.24%

Max: 40.55%
Q3: 19.29%
WAB: 12.24%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Carlisle (CSL) vs. Wabtec (WAB): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Carlisle (CSL) at 13.78% retains a top-quartile share of revenue as profit, ahead of Wabtec (WAB) at 11.20%, which keeps about the industry-typical share.

CSL

Capital Goods industry group

13.78%

Max: 27.47%
CSL: 13.78%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

WAB

Capital Goods industry group

11.20%

Max: 27.47%
Q3: 12.10%
WAB: 11.20%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Carlisle (CSL) vs. Wabtec (WAB): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Carlisle (CSL) at 20.21% and Wabtec (WAB) at 20.22% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

CSL

Capital Goods industry group

20.21%

Max: 36.60%
CSL: 20.21%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

WAB

Capital Goods industry group

20.22%

Max: 36.60%
WAB: 20.22%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Carlisle (CSL) vs. Wabtec (WAB): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Carlisle (CSL) and Wabtec (WAB)
Metric	CSL	WAB
ROE (TTM)	42.34%	12.24%
ROA (TTM)	10.20%	6.28%
Net Margin (TTM)	13.78%	11.20%
Operating Margin (TTM)	20.21%	20.22%
Gross Margin (TTM)	34.66%	36.17%

Growth

Revenue Growth

Wabtec (WAB) at 7.51% is around its peer norm for revenue growth, while Carlisle (CSL) at 0.33% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Carlisle (CSL) vs. Wabtec (WAB): A comparison of their Revenue Growth across different time periods.

EPS Growth

Wabtec (WAB) at 13.08% is around its peer norm for EPS growth, while Carlisle (CSL) at -38.46% drops into the bottom quartile, signaling weaker earnings momentum.

Carlisle (CSL) vs. Wabtec (WAB): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Carlisle (CSL) and Wabtec (WAB)
Metric	CSL	WAB
Revenue Growth (YoY)	0.33%	7.51%
Revenue Growth (3Y CAGR)	-2.70%	10.12%
EPS Growth (YoY)	-38.46%	13.08%
EPS Growth (3Y CAGR)	-0.84%	25.44%

Financial Strength

Current Ratio (MRQ)

Carlisle (CSL) at 2.41 keeps current ratio within its industry’s typical mid-range, while Wabtec (WAB) at 1.10 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for WAB.

CSL

Capital Goods industry group

2.41

Max: 5.22
Q3: 2.95
CSL: 2.41
Median: 2.08
Q1: 1.43
Min: 0.36

WAB

Capital Goods industry group

1.10

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
WAB: 1.10
Min: 0.36

Carlisle (CSL) vs. Wabtec (WAB): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Wabtec (WAB) at 0.60 carries an industry-typical debt-to-equity mix, while Carlisle (CSL) at 2.01 uses more debt funding than most peers.

CSL

Capital Goods industry group

2.01

Max: 2.33
CSL: 2.01
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

WAB

Capital Goods industry group

0.60

Max: 2.33
Q3: 1.12
WAB: 0.60
Median: 0.60
Q1: 0.29
Min: 0.00

Carlisle (CSL) vs. Wabtec (WAB): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Carlisle (CSL) and Wabtec (WAB)
Metric	CSL	WAB
Current Ratio (MRQ)	2.41	1.10
Debt / Equity (MRQ)	2.01	0.60
Net Debt / EBITDA	1.93	2.28

Dividends

Dividend Yield (TTM)

Carlisle (CSL) at 1.20% delivers top-quartile income for its industry, while Wabtec (WAB) at 0.42% pays a more typical yield — both are credible income propositions, CSL the richer one.

CSL

Capital Goods industry group

1.20%

Max: 2.66%
CSL: 1.20%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

WAB

Capital Goods industry group

0.42%

Max: 2.66%
Q3: 1.14%
WAB: 0.42%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Carlisle (CSL) vs. Wabtec (WAB): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both Carlisle (CSL) at 25.50% and Wabtec (WAB) at 14.66% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

CSL

Capital Goods industry group

25.50%

Max: 67.39%
Q3: 28.02%
CSL: 25.50%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

WAB

Capital Goods industry group

14.66%

Max: 67.39%
Q3: 28.02%
WAB: 14.66%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

Carlisle (CSL) vs. Wabtec (WAB): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Carlisle (CSL) and Wabtec (WAB)
Metric	CSL	WAB
Dividend Yield (TTM)	1.20%	0.42%
Dividend Payout Ratio (TTM)	25.50%	14.66%

Valuation

P/E Ratio (TTM)

Both Carlisle (CSL) at 21.06 and Wabtec (WAB) at 35.23 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

CSL

Capital Goods industry group

21.06

Max: 59.38
Q3: 35.92
Median: 25.41
CSL: 21.06
Q1: 19.47
Min: 3.03

WAB

Capital Goods industry group

35.23

Max: 59.38
Q3: 35.92
WAB: 35.23
Median: 25.41
Q1: 19.47
Min: 3.03

Carlisle (CSL) vs. Wabtec (WAB): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Carlisle (CSL) at 2.79 is priced about in line with its industry on P/S ratio, while Wabtec (WAB) at 3.90 sits in the pricier quartile — WAB costs more per dollar of sales.

CSL

Capital Goods industry group

2.79

Max: 7.54
Q3: 3.76
CSL: 2.79
Median: 2.15
Q1: 1.03
Min: 0.03

WAB

Capital Goods industry group

3.90

Max: 7.54
WAB: 3.90
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Carlisle (CSL) vs. Wabtec (WAB): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Wabtec (WAB) at 4.20 sits near its industry’s typical P/B ratio, while Carlisle (CSL) at 10.11 prices above its benchmark range — CSL looks rich relative to book.

CSL

Capital Goods industry group

10.11

CSL: 10.11
Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

WAB

Capital Goods industry group

4.20

Max: 9.66
Q3: 5.00
WAB: 4.20
Median: 3.12
Q1: 1.81
Min: -1.08

Carlisle (CSL) vs. Wabtec (WAB): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Carlisle (CSL) and Wabtec (WAB)
Metric	CSL	WAB
P/E Ratio (TTM)	21.06	35.23
P/S Ratio (TTM)	2.79	3.90
P/B Ratio (MRQ)	10.11	4.20
Free Cash Flow Yield (TTM)	4.01%	2.60%