FreightCar America, Inc. RAIL

Consumer discretionary SIC 3743 - Railroad Equipment NAICS Manufacturing › Transportation Equipment Manufacturing › Railroad Rolling Stock Manufacturing derived Nasdaq

FreightCar America, Inc., a Delaware corporation ("FreightCar"), with its subsidiaries (the "Company", "we", "us", or "our" refers to FreightCar and its subsidiaries), is a diversified manufacturer and supplier of railcars and railcar components. We design and manufacture a broad variety of railcar types for transportation of bulk commodities and containerized freight products primarily in North America. We also provide railcar rebody and repair services, railcar conversion services that repurpose idled rail assets back into revenue service, and supply railcar parts. We have been manufacturing railcars since 1901.

Our primary customers are financial institutions and shippers, which represented 78% and 16%, respectively, of our total sales attributable to each type of customer for the year ended December 31, 2025. In the year ended December 31, 2025, we delivered 4,125 railcars, comprised of 3,714 new railcars and 411 rebuilt railcars, compared to 4,362 railcars, comprised of 4,252 new railcars and 110 rebuilt railcars, delivered in the year ended December 31, 2024. Our total backlog of firm orders for railcars decreased from 2,797 railcars as of December 31, 2024 to 1,926 railcars as of December 31, 2025. Our backlog as of December 31, 2025 includes a variety of railcar types and the estimated sales value of the backlog is $137 million.

Last close 4.23 2026-10-23
Market cap $138.7M 2026-06-30 share count
52-week range 3.85 - 14.90

Valuation FY2025 figures against the last close

P/S0.3x
P/E3.9x
P/FCF4.4x
EV/EBITDA4.5x
Dividend yield0.0%
Diluted EPS1.09

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $500.7M$557.7M$356.8M$361.5M$199.8M$104.1M$223.5M$310.6M$407.2M$523.7M
Cost of revenue $427.8M$492.4M$316.3M$338.9M$191.6M$121.9M$244.3M$320.1M$406.5M$483.6M
Gross profit $73.2M$67.0M$41.8M$25.8M$11.5M-$13.5M-$14.3M-$3.6M$3.0M$40.2M
R&D ——————$955.0K$42.0K$298.0K$386.0K
SG&A $39.3M$32.9M$27.5M$28.2M$27.5M$29.8M$38.3M$29.1M$33.0M$36.4M
Operating income $33.9M$37.3M$10.5M-$15.0M-$22.8M-$80.6M-$75.6M-$32.1M-$31.8M$15.8M
Interest expense $17.6M$6.8M$15.0M$25.4M$13.3M$2.2M$609.0K$155.0K$163.0K$171.0K
Pre-tax income -$10.9M-$70.0M-$22.1M-$36.5M-$40.0M-$85.9M-$75.4M-$30.4M-$31.4M$15.8M
Income tax $49.0M$5.8M$1.5M$2.3M$1.4M$199.0K$115.0K$10.2M$8.8M$3.5M
Net income $38.1M-$75.8M-$23.6M-$38.8M-$41.4M-$84.4M-$75.2M-$40.6M-$22.6M$12.3M
EPS, basic 1.16-3.12-1.18-1.56-2.00-6.29-5.95-3.26-1.821.00
EPS, diluted 1.09-3.12-1.18-1.56-2.00-6.29-5.95-3.26-1.821.00
Shares, diluted (wtd. avg.) 33.8M30.7M28.4M24.8M20.8M13.4M12.4M12.3M12.3M12.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $64.3M$44.5M$40.6M$37.9M$26.2M$54.0M$66.3M$45.1M$87.8M$96.1M
Receivables $12.4M$12.5M$6.4M$9.6M$9.6M$9.4M$7.0M$18.2M$7.6M$25.2M
Inventory $68.3M$75.3M$125.0M$64.3M$56.0M$38.8M$25.1M$64.6M$45.3M$97.9M
Total current assets $160.0M$145.0M$180.4M$128.9M$136.7M$121.0M$109.7M$155.8M$199.9M$241.2M
Property, plant and equipment $31.0M$30.1M$31.3M$23.2M$18.2M$19.6M$38.6M$45.3M$38.3M$46.3M
Goodwill ———————$21.5M$21.5M$21.5M
Other intangibles —————————$0
Total assets $290.0M$224.2M$259.5M$199.7M$200.7M$182.7M$245.2M$289.7M$295.9M$339.3M
Accounts payable $55.7M$49.6M$84.4M$48.4M$41.2M$17.8M$11.7M$34.7M$23.3M$34.5M
Short-term debt $9.7M$2.9M$29.4M$40.7M$0$17.6M————
Total current liabilities $85.6M$80.8M$137.4M$106.0M$69.3M$71.1M$49.4M$62.0M$40.3M$54.1M
Long-term debt $97.5M$105.5M$0$51.5M$79.5M$37.7M$10.2M———
Total liabilities $397.5M$374.5M$222.2M$228.3M$202.3M$152.2M$128.0M$96.1M$64.2M$82.3M
Retained earnings -$182.5M-$220.6M-$142.8M-$118.9M-$80.1M-$38.6M$45.8M$120.8M$161.4M$187.5M
Total equity -$107.4M-$150.3M-$46.2M-$28.6M-$1.7M-$30.5M$117.2M$193.6M$231.7M$256.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $34.8M$44.9M$4.8M$11.5M-$55.4M-$58.9M-$19.0M-$31.6M$40.3M$215.0K
Depreciation and amortisation $6.2M$5.8M$4.6M$4.1M$4.3M$9.2M$12.4M$12.0M$9.4M$9.7M
Stock-based compensation $3.6M$3.1M$1.2M$2.1M$3.0M$1.0M$1.2M$3.2M$1.2M$1.1M
Capital expenditure $3.4M$5.0M$12.7M$7.8M$2.3M$9.8M$5.6M$2.2M$967.0K$13.8M
Investing cash flow -$9.1M-$5.0M-$4.4M-$7.8M-$1.7M-$6.1M$31.0M-$10.9M-$45.3M$14.1M
Financing cash flow -$5.8M-$36.0M$2.2M$8.0M$29.3M$52.8M$9.2M-$128.0K-$3.4M-$4.6M
Dividends paid $0$27.9M$0—————$3.4M$4.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-098668.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M Revenue, FY2016: 523.7M Gross profit, FY2016: 40.2M Net income, FY2016: 12.3M Revenue, FY2017: 407.2M Gross profit, FY2017: 3M Net income, FY2017: -22.6M Revenue, FY2018: 310.6M Gross profit, FY2018: -3.6M Net income, FY2018: -40.6M Revenue, FY2019: 223.5M Gross profit, FY2019: -14.3M Net income, FY2019: -75.2M Revenue, FY2020: 104.1M Gross profit, FY2020: -13.5M Net income, FY2020: -84.4M Revenue, FY2021: 199.8M Gross profit, FY2021: 11.5M Net income, FY2021: -41.4M Revenue, FY2022: 361.5M Gross profit, FY2022: 25.8M Net income, FY2022: -38.8M Revenue, FY2023: 356.8M Gross profit, FY2023: 41.8M Net income, FY2023: -23.6M Revenue, FY2024: 557.7M Gross profit, FY2024: 67M Net income, FY2024: -75.8M Revenue, FY2025: 500.7M Gross profit, FY2025: 73.2M Net income, FY2025: 38.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $523.7M $407.2M $310.6M $223.5M $104.1M $199.8M $361.5M $356.8M $557.7M $500.7M
Gross profit $40.2M $3.0M -$3.6M -$14.3M -$13.5M $11.5M $25.8M $41.8M $67.0M $73.2M
Net income $12.3M -$22.6M -$40.6M -$75.2M -$84.4M -$41.4M -$38.8M -$23.6M -$75.8M $38.1M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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