GEV vs. WAB: GE Vernova vs. Wabtec Stock Comparison

November 11, 2026

How do GE Vernova (GEV) 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

GE Vernova (GEV) and Wabtec (WAB) both fall under the Capital Goods industry group, but GEV is classified in Electrical Equipment while WAB is classified in Machinery.

Wabtec (WAB) carries decades of public-market history since June 16, 1995, while GE Vernova (GEV) listed on March 27, 2024 — long-window comparisons have far more historical data on the WAB side.

Company profile comparison for GE Vernova (GEV) and Wabtec (WAB)
Profile Item	GEV	WAB
Name	GE Vernova Inc.	Wabtec Corporation
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Electrical Equipment	Machinery
GICS Sub-Industry	Heavy Electrical Equipment	Construction Machinery & Heavy Transportation Equipment
Market Capitalization	204.89 billion USD	47.59 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 27, 2024	June 16, 1995
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

GEV

WAB

GSPC

GE Vernova (GEV) 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 GE Vernova (GEV) and Wabtec (WAB). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for GE Vernova (GEV) and Wabtec (WAB)
Metric	GEV	WAB
Total Return (1Y)	44.63%	44.64%
Total Return (3Y, Annualized)	--	39.37%
Total Return (5Y, Annualized)	--	25.90%

Risk Profile

Drawdown History

GEV

WAB

GSPC

GE Vernova (GEV) 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 GE Vernova (GEV) and Wabtec (WAB). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for GE Vernova (GEV) and Wabtec (WAB)
Metric	GEV	WAB
Volatility (1Y, Annualized)	55.54%	27.53%
Beta (5Y)	1.12	0.91
Max Drawdown (5Y)	-38.29%	-23.55%
Avg. Volume (3M)	2.65M	890.96K

Risk-Adjusted Performance

Risk-Return Positioning

GEV 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 GE Vernova (GEV) and Wabtec (WAB)
Metric	GEV	WAB
Sharpe Ratio (1Y)	0.73	1.47
Sortino Ratio (1Y)	1.08	2.34

Profitability

ROE (TTM)

GE Vernova (GEV) at 93.04% 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.

GEV

Capital Goods industry group

93.04%

GEV: 93.04%
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%

GE Vernova (GEV) vs. Wabtec (WAB): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

GE Vernova (GEV) at 23.54% retains a top-quartile share of revenue as profit, ahead of Wabtec (WAB) at 11.20%, which keeps about the industry-typical share.

GEV

Capital Goods industry group

23.54%

Max: 27.47%
GEV: 23.54%
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%

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

Operating Margin (TTM)

Wabtec (WAB) at 20.22% operates in the top operating margin quartile, ahead of GE Vernova (GEV) at 12.77%, which runs around its industry’s norm.

GEV

Capital Goods industry group

12.77%

Max: 36.60%
Q3: 18.33%
GEV: 12.77%
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%

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

Profitability Metrics

Profitability metrics for GE Vernova (GEV) and Wabtec (WAB)
Metric	GEV	WAB
ROE (TTM)	93.04%	12.24%
ROA (TTM)	3.22%	6.28%
Net Margin (TTM)	23.54%	11.20%
Operating Margin (TTM)	12.77%	20.22%
Gross Margin (TTM)	21.79%	36.17%

Growth

Revenue Growth

Both GE Vernova (GEV) at 8.97% and Wabtec (WAB) at 7.51% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

GE Vernova (GEV) vs. Wabtec (WAB): A comparison of their Revenue Growth across different time periods.

EPS Growth

GE Vernova (GEV) at 217.03% clears its industry range for EPS growth, a much stronger earnings trajectory than Wabtec (WAB) at 13.08%, which is closer to a typical peer reading.

GE Vernova (GEV) vs. Wabtec (WAB): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for GE Vernova (GEV) and Wabtec (WAB)
Metric	GEV	WAB
Revenue Growth (YoY)	8.97%	7.51%
Revenue Growth (3Y CAGR)	8.68%	10.12%
EPS Growth (YoY)	217.03%	13.08%
EPS Growth (3Y CAGR)	--	25.44%

Financial Strength

Current Ratio (MRQ)

Both GE Vernova (GEV) at 0.83 and Wabtec (WAB) at 1.10 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

GEV

Capital Goods industry group

0.83

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
GEV: 0.83
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

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

Debt / Equity (MRQ)

Both GE Vernova (GEV) at 0.30 and Wabtec (WAB) at 0.60 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

GEV

Capital Goods industry group

0.30

Max: 2.33
Q3: 1.12
Median: 0.60
GEV: 0.30
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

GE Vernova (GEV) 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 GE Vernova (GEV) and Wabtec (WAB)
Metric	GEV	WAB
Current Ratio (MRQ)	0.83	1.10
Debt / Equity (MRQ)	0.30	0.60
Net Debt / EBITDA	-2.50	2.28

Dividends

Dividend Yield (TTM)

Both GE Vernova (GEV) at 0.26% and Wabtec (WAB) at 0.42% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

GEV

Capital Goods industry group

0.26%

Max: 2.66%
Q3: 1.14%
GEV: 0.26%
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%

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

Dividend Payout Ratio (TTM)

Both GE Vernova (GEV) at 4.59% 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.

GEV

Capital Goods industry group

4.59%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
GEV: 4.59%
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%

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

Dividend Metrics

Dividend metrics for GE Vernova (GEV) and Wabtec (WAB)
Metric	GEV	WAB
Dividend Yield (TTM)	0.26%	0.42%
Dividend Payout Ratio (TTM)	4.59%	14.66%

Valuation

P/E Ratio (TTM)

Both GE Vernova (GEV) at 20.32 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.

GEV

Capital Goods industry group

20.32

Max: 59.38
Q3: 35.92
Median: 25.41
GEV: 20.32
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

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

P/S Ratio (TTM)

Both GE Vernova (GEV) at 4.65 and Wabtec (WAB) at 3.90 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

GEV

Capital Goods industry group

4.65

Max: 7.54
GEV: 4.65
Q3: 3.76
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

GE Vernova (GEV) 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 GE Vernova (GEV) at 18.00 prices above its benchmark range — GEV looks rich relative to book.

GEV

Capital Goods industry group

18.00

GEV: 18.00
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

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

Valuation Metrics

Valuation metrics for GE Vernova (GEV) and Wabtec (WAB)
Metric	GEV	WAB
P/E Ratio (TTM)	20.32	35.23
P/S Ratio (TTM)	4.65	3.90
P/B Ratio (MRQ)	18.00	4.20
Free Cash Flow Yield (TTM)	10.79%	2.60%