Annual Revenue Comparison: Westinghouse Air Brake Technologies Corporation vs Allegion plc

A Tale of Two Giants: Revenue Trends from 2014 to 2023

In the competitive landscape of industrial technology, Westinghouse Air Brake Technologies Corporation and Allegion plc have showcased remarkable revenue trajectories over the past decade. From 2014 to 2023, Westinghouse Air Brake Technologies Corporation consistently outperformed Allegion plc, with revenues peaking at approximately $9.7 billion in 2023, marking a staggering 218% increase from 2014. Allegion plc, while trailing, demonstrated steady growth, achieving a 72% increase in revenue over the same period, reaching around $3.7 billion in 2023.

Key Insights

• 2019 Surge: Westinghouse's revenue saw a significant leap in 2019, doubling from the previous year, a testament to strategic expansions and acquisitions.
• Consistent Growth: Allegion's revenue growth, though more modest, reflects a stable market presence and gradual expansion.

These trends highlight the dynamic nature of the industrial sector, where strategic decisions and market conditions play pivotal roles in shaping financial outcomes.