RAIL

MKT CAP:$169M

FreightCar America, Inc.

Market Cap

$169M

Industrials·Railroads·🇺🇸 United States·NASDAQ

Industrials·Railroads·🇺🇸·NASDAQ

Stock Price

$8.84-$2.09 (-19.12%)

Apr 23, 2026

Company Details

FreightCar America, Inc., through its subsidiaries, designs, manufactures, and sells railcars and railcar components for the transportation of bulk commodities and containerized freight products primarily in North America. It operates in tw...

CEO

Nicholas J. Randall

IPO Date

Apr 6, 2005

Website

www.freightcaramerica.com

Key Metrics TTM

Revenue

$513M

-6.4% YoY

Net Income

$89M

EPS (Diluted)

$2.49

Free Cash Flow

$27M

Revenue / Share

$16.09

Gross Margin

15.1%

Operating Margin

7.4%

Net Margin

17.4%

FCF Margin

5.3%

P/S

0.3x

P/E

1.9x

Earnings Reports

Q4 2025

May 4, 2026

PENDING

FY 2025

Mar 9, 2026

$501M-10.4%EPS $1.09

Q3 2025

Nov 10, 2025

$161M+41.7%EPS -$0.23

Q2 2025

Aug 4, 2025

$119M-19.5%EPS $0.34

Q1 2025

May 5, 2025

$96M-40.2%EPS $1.52

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$75M	$7M	$63.0K
Q1 22	$93M	$10M	-$655.0K
Q2 22	$57M	$7M	$3M
Q3 22	$86M	$5M	-$11M
Q4 22	$129M	$5M	-$6M
Q1 23	$81M	$7M	$1M
Q2 23	$89M	$13M	$8M
Q3 23	$62M	$9M	$1M
Q4 23	$127M	$12M	$268.0K
Q1 24	$161M	$11M	$4M
Q2 24	$147M	$18M	$13M
Q3 24	$113M	$16M	$9M
Q4 24	$138M	$21M	$12M
Q1 25	$96M	$14M	$4M
Q2 25	$119M	$18M	$8M
Q3 25	$161M	$24M	$15M

Valuation

Quarter	P/S	P/E
Q4 21	0.3x	—
Q1 22	0.3x	—
Q2 22	0.2x	—
Q3 22	0.2x	—
Q4 22	0.1x	—
Q1 23	0.2x	—
Q2 23	0.1x	—
Q3 23	0.1x	—
Q4 23	0.1x	—
Q1 24	0.2x	—
Q2 24	0.1x	—
Q3 24	0.4x	—
Q4 24	0.3x	—
Q1 25	0.2x	—
Q2 25	0.4x	—
Q3 25	0.4x	2.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$2M	$1M
Q1 22	$8M	$7M
Q2 22	-$10M	-$12M
Q3 22	-$11M	-$12M
Q4 22	$25M	$21M
Q1 23	-$8M	-$10M
Q2 23	-$18M	-$21M
Q3 23	-$834.0K	-$5M
Q4 23	$31M	$27M
Q1 24	-$25M	-$26M
Q2 24	$57M	$56M
Q3 24	$7M	$6M
Q4 24	$6M	$5M
Q1 25	$13M	$12M
Q2 25	$9M	$8M
Q3 25	$3M	$2M

Capital Expenditures

Quarter	CapEx
Q4 21	$307.0K
Q1 22	$960.0K
Q2 22	$2M
Q3 22	$572.0K
Q4 22	$4M
Q1 23	$2M
Q2 23	$3M
Q3 23	$4M
Q4 23	$4M
Q1 24	$966.0K
Q2 24	$1M
Q3 24	$1M
Q4 24	$1M
Q1 25	$330.0K
Q2 25	$608.0K
Q3 25	$1M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+23.8%	+7.4%
Q1 22	+188.0%	+100.4%
Q2 22	+52.0%	+30.6%
Q3 22	+47.1%	+54.3%
Q4 22	+71.9%	+80.4%
Q1 23	-13.1%	-14.9%
Q2 23	+56.0%	+49.1%
Q3 23	-27.8%	-37.3%
Q4 23	-1.8%	-6.6%
Q1 24	+98.8%	+96.7%
Q2 24	+66.4%	+66.0%
Q3 24	+83.0%	+72.9%
Q4 24	+8.8%	-0.2%
Q1 25	-40.2%	-41.2%
Q2 25	-19.5%	-17.4%
Q3 25	+41.7%	+39.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$148.0K	0.2%
Q1 22	$4M	4.6%
Q2 22	-$3M	-4.8%
Q3 22	$817.0K	1.0%
Q4 22	-$201.0K	-0.2%
Q1 23	-$91.0K	-0.1%
Q2 23	-$100.0K	-0.1%
Q3 23	$715.0K	1.2%
Q4 23	$716.0K	0.6%
Q1 24	$760.0K	0.5%
Q2 24	$766.0K	0.5%
Q3 24	$804.0K	0.7%
Q4 24	$780.0K	0.6%
Q1 25	$2M	2.0%
Q2 25	$761.0K	0.6%
Q3 25	$433.0K	0.3%

OpEx Breakdown

Quarter	SG&A
Q2 24	$9M

Revenue Segments

Quarter	Parts Sales	Railcar Sales
Q4 21	$3M	$71M
Q1 22	$3M	$89M
Q2 22	$3M	$53M
Q3 22	$3M	$82M
Q4 22	$3M	$125M
Q1 23	$3M	$77M
Q2 23	$3M	$85M
Q3 23	$3M	$58M
Q4 23	$3M	$124M
Q1 24	$5M	$156M
Q2 24	$5M	$141M
Q3 24	$4M	$109M
Q4 24	—	$134M
Q3 25	—	$154M

Revenue by Geography

Quarter	M	U	United States	Mexico
Q4 21	-$2.0K	$75M	—	—
Q1 22	—	—	$93M	—
Q2 22	—	—	$57M	$14.0K
Q3 22	—	—	$86M	—
Q4 22	—	—	$129M	—
Q1 23	—	—	$81M	—
Q2 23	—	—	$89M	—
Q3 23	—	—	$62M	—
Q4 23	—	—	$127M	—
Q1 24	—	—	$161M	—
Q2 24	—	—	$147M	—
Q3 24	—	—	$113M	—
Q4 24	—	—	$138M	—
Q1 25	—	—	$96M	—
Q2 25	—	—	$119M	—
Q3 25	—	—	$161M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$37M	$0	$37M
Q2 22	$18M	$0	$18M
Q3 22	$14M	$0	$14M
Q4 22	$34M	$0	$34M
Q1 23	$28M	$0	$28M
Q2 23	$8M	$0	$8M
Q3 23	$10M	$0	$10M
Q4 23	$41M	$0	$41M
Q1 24	$13M	$0	$13M
Q2 24	$37M	$0	$37M
Q3 24	$45M	$0	$45M
Q4 24	$44M	$0	$44M
Q1 25	$54M	$0	$54M
Q2 25	$61M	$0	$61M
Q3 25	$63M	$0	$63M
Q4 25	$64M	$0	$64M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	23M	+4.9%	+40.5%
Q1 22	23M	+0.1%	+16.1%
Q2 22	24M	+5.5%	+21.5%
Q3 22	26M	+5.0%	+16.3%
Q4 22	26M	+1.6%	+12.6%
Q1 23	27M	+1.6%	+14.3%
Q2 23	28M	+5.9%	+14.8%
Q3 23	30M	+5.1%	+14.9%
Q4 23	30M	+0.0%	+13.1%
Q1 24	30M	+0.1%	+11.4%
Q2 24	32M	+9.1%	+14.8%
Q3 24	31M	-2.9%	+6.1%
Q4 24	33M	+5.3%	+11.7%
Q1 25	33M	+0.8%	+12.5%
Q2 25	33M	+0.3%	+3.5%
Q3 25	32M	-4.5%	+1.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$75.2K	997
Q1 22	$93.5K	997
Q2 22	$57.0K	997
Q3 22	$86.0K	997
Q4 22	$89.9K	1K
Q1 23	$56.4K	1K
Q2 23	$61.7K	1K
Q3 23	$43.1K	1K
Q4 23	$62.6K	2K
Q1 24	$79.6K	2K
Q2 24	$72.9K	2K
Q3 24	$56.0K	2K
Q4 24	$67.8K	2K
Q1 25	$47.4K	2K
Q2 25	$58.4K	2K
Q3 25	$79.1K	2K

Revenue / Employee