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Freightcar Amer Inc Financials

RAIL
Trailing 12 months to June 30, 2026
Revenue $463.5M -0.5% YoY
Net Income -$12.5M -21.2% YoY
EPS (Diluted) $1.09 FY2025 annual
Free Cash Flow $17.9M -41.7% YoY
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Freightcar Amer Inc (RAIL) reported $463.5M in revenue over the twelve months to Jun 30, 2026, down 0.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI RAIL FY2025

FreightCar’s dominant mechanic is margin expansion on lower volume, while negative equity keeps financing structure separate from operating improvement.

FY2025 revenue fell 10.4% from FY2024 even as gross margin widened to 14.6%, a margin improvement without volume growth. That combination points to a better sales mix or cost structure, not growth-driven fixed-cost absorption, while operating margin remained broadly stable at 6.8%.

Operating income was $33.9M, while tax expense was -$49.0M. That tax benefit helped lift net income to $38.1M, making the reported bottom-line turnaround less representative of recurring operating performance.

Operating cash flow was $34.8M against free cash flow of $31.4M, so FY2025 operating performance was accompanied by cash generation with limited reinvestment drag. Current ratio was 1.9x, but liabilities exceeded assets by $107.4M; near-term liquidity and long-term solvency point in different directions, with creditor financing still central to the balance sheet.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 56 / 100
Financial Health Score 56/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Freightcar Amer Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
41

Freightcar Amer Inc has an operating margin of 6.8%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 41/100, indicating healthy but not exceptional operating efficiency. This is up from 6.7% the prior year.

Growth
80

Freightcar Amer Inc's revenue declined 10.4% year-over-year, from $559.4M to $501.0M. This contraction results in a growth score of 80/100.

Leverage
50
Liquidity
54

Freightcar Amer Inc's current ratio of 1.87 indicates adequate short-term liquidity, earning a score of 54/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
47

Freightcar Amer Inc has a free cash flow margin of 6.3%, earning a moderate score of 47/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
62
Altman Z-Score Grey Zone
1.89

Freightcar Amer Inc scores 1.89, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral
6/9

Freightcar Amer Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed
0.91x

For every $1 of reported earnings, Freightcar Amer Inc generates $0.91 in operating cash flow ($34.8M OCF vs $38.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk
1.93x

Freightcar Amer Inc earns $1.93 in operating income for every $1 of interest expense ($33.9M vs $17.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$501.0M
YoY-10.4%
5Y CAGR+35.8%
10Y CAGR-4.2%

Freightcar Amer Inc generated $501.0M in revenue in fiscal year 2025. This represents a decrease of 10.4% from the prior year.

EBITDA
$40.1M
YoY-6.9%
10Y CAGR-3.4%

Freightcar Amer Inc's EBITDA was $40.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 6.9% from the prior year.

Net Income
$38.1M
YoY+150.3%
10Y CAGR+1.8%

Freightcar Amer Inc reported $38.1M in net income in fiscal year 2025. This represents an increase of 150.3% from the prior year.

EPS (Diluted)
$1.09
YoY+134.9%

Freightcar Amer Inc earned $1.09 per diluted share (EPS) in fiscal year 2025. This represents an increase of 134.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$31.4M
YoY-21.3%

Freightcar Amer Inc generated $31.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 21.3% from the prior year.

Cash & Debt
$64.3M
YoY+44.6%
5Y CAGR+3.5%
10Y CAGR-2.5%

Freightcar Amer Inc held $64.3M in cash against $97.5M in long-term debt as of fiscal year 2025.

Shares Outstanding
19M
YoY+0.1%

Freightcar Amer Inc had 19M shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin
14.6%
YoY+2.6pp
5Y CAGR+27.1pp
10Y CAGR+3.9pp

Freightcar Amer Inc's gross margin was 14.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.6 percentage points from the prior year.

Operating Margin
6.8%
YoY+0.1pp
5Y CAGR+81.1pp
10Y CAGR+0.7pp

Freightcar Amer Inc's operating margin was 6.8% in fiscal year 2025, reflecting core business profitability. This is up 0.1 percentage points from the prior year.

Net Margin
7.6%
YoY+21.2pp
5Y CAGR+85.5pp
10Y CAGR+3.5pp

Freightcar Amer Inc's net profit margin was 7.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 21.2 percentage points from the prior year.

Return on Equity

Not reported for fiscal year 2025.

Capital Allocation

Capital Expenditures
$3.4M
YoY-32.7%
5Y CAGR-19.3%
10Y CAGR-14.8%

Freightcar Amer Inc invested $3.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 32.7% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

RAIL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

RAIL quarterly income statement
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Revenue$113.1M+75.9%$64.3M-48.8%$125.6M-21.8%$160.5M+35.3%$118.6M+23.2%$96.3M-30.1%$137.7M+21.6%$113.3M
Cost of Revenue$107.0M+99.9%$53.5M-50.8%$108.8M-20.2%$136.3M+35.2%$100.8M+23.1%$81.9M-29.8%$116.7M+20.2%$97.1M
Gross Profit$6.2M-42.9%$10.8M-35.6%$16.8M-30.7%$24.2M+35.8%$17.8M+23.8%$14.4M-31.5%$21.0M+29.7%$16.2M
SG&A Expenses$10.5M-8.2%$11.4M+26.9%$9.0M-6.8%$9.6M-4.6%$10.1M-3.9%$10.5M+12.3%$9.4M+24.4%$7.5M
Operating Income-$4.3M-623.2%-$594K-107.6%$7.8M-46.5%$14.6M+88.9%$7.7M+99.1%$3.9M-66.7%$11.6M+34.4%$8.7M
Interest Expense-$3.0M+9.8%-$3.4M+19.7%-$4.2M+9.4%-$4.6M-5.8%-$4.4M-1.1%-$4.3M-318.9%-$1.0M+34.4%-$1.6M
Income Tax-$2.3M-163.7%$3.7M+81.9%$2.0M+1484.9%-$146K+99.7%-$52.7M-2969.7%$1.8M-26.9%$2.5M-26.3%$3.4M
Net Income-$30.1M-172.3%$41.6M+351.2%-$16.6M-122.7%-$7.4M-163.7%$11.7M-76.8%$50.4M+45.7%$34.6M+132.3%-$107.0M
EPS (Diluted)-$0.94-181.7%$1.15+339.6%-$0.48-108.7%-$0.23-167.6%$0.34-77.6%$1.52+60.0%$0.95+126.6%-$3.57

Not reported in any period shown, so not listed: R&D Expenses.

RAIL Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

RAIL quarterly balance sheet
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Total Assets$276.1M-4.1%$288.0M-0.7%$290.0M-14.9%$340.8M+3.9%$328.1M+31.0%$250.5M+11.7%$224.2M-8.8%$245.9M
Current Assets$150.9M-7.7%$163.5M+2.2%$160.0M-27.6%$221.1M+8.4%$204.0M+17.9%$173.0M+19.3%$145.0M-13.7%$168.1M
Cash & Equivalents$63.0M+19.3%$52.8M-17.9%$64.3M+2.5%$62.7M+2.3%$61.4M+13.4%$54.1M+21.7%$44.5M-0.8%$44.8M
Inventory$57.8M-27.8%$80.1M+17.2%$68.3M-34.5%$104.2M-2.7%$107.1M+35.4%$79.1M+5.1%$75.3M-11.2%$84.8M
Accounts Receivable$13.2M+3.5%$12.8M+2.6%$12.4M-61.7%$32.5M+100.7%$16.2M-11.7%$18.4M+46.8%$12.5M-48.6%$24.3M
Total Liabilities$239.9M-32.1%$353.3M-11.1%$397.5M-7.9%$431.6M+4.9%$411.6M+18.3%$347.9M-7.1%$374.5M-6.9%$402.3M
Current Liabilities$83.3M-7.8%$90.3M+5.5%$85.6M-35.6%$132.8M+2.4%$129.8M+20.1%$108.1M+33.7%$80.8M-22.9%$104.8M
Long-Term Debt$97.8M-0.3%$98.2M+0.7%$97.5M-6.8%$104.7M-0.3%$105.0M-0.3%$105.3M-0.2%$105.5MN/A
Total Equity$36.2M+155.5%-$65.3M+39.2%-$107.4M-18.2%-$90.9M-8.9%-$83.5M+14.3%-$97.4M+35.2%-$150.3M+3.9%-$156.3M
Retained Earnings-$171.0M-21.4%-$140.9M+22.8%-$182.5M-10.0%-$165.9M-4.7%-$158.5M+6.9%-$170.2M+22.9%-$220.6M+13.0%-$253.7M

Not reported in any period shown, so not listed: Goodwill.

RAIL Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

RAIL quarterly cash flow statement
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Operating Cash Flow$12.1M+379.9%-$4.3M-143.0%$10.0M+194.5%$3.4M-60.0%$8.5M-33.3%$12.8M+117.4%$5.9M-17.9%$7.2M
Capital Expenditures$736K+400.7%$147K-88.5%$1.3M+9.5%$1.2M+91.4%$608K+84.2%$330K-74.4%$1.3M-11.9%$1.5M
Free Cash Flow$11.3M+354.2%-$4.5M-150.9%$8.8M+290.5%$2.2M-71.6%$7.9M-36.5%$12.5M+171.1%$4.6M-19.5%$5.7M
Investing Cash Flow-$1.2M-695.9%-$147K+98.1%-$7.6M-554.9%-$1.2M-4960.9%-$23K+93.0%-$330K+74.4%-$1.3M+11.9%-$1.5M
Financing Cash Flow-$718K+89.8%-$7.0M-711.0%-$869K-1.5%-$856K+30.7%-$1.2M+56.3%-$2.8M+43.1%-$5.0M-1891.2%-$250K

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

RAIL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

RAIL quarterly financial ratios
MetricQ2'26Q1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24
Gross Margin5.5%-11.4pp16.8%+3.5pp13.4%-1.7pp15.1%+0.1pp15.0%+0.1pp14.9%-0.3pp15.3%+1.0pp14.3%
Operating Margin-3.8%-2.9pp-0.9%-7.1pp6.2%-2.9pp9.1%+2.6pp6.5%+2.5pp4.0%-4.4pp8.5%+0.8pp7.6%
Net Margin-26.6%-91.4pp64.8%+78.0pp-13.2%-8.6pp-4.6%-14.5pp9.8%-42.5pp52.4%+27.3pp25.1%+119.7pp-94.5%
Return on Equity-83.2%N/AN/AN/AN/AN/AN/AN/A
Return on Assets-10.9%-25.4pp14.5%+20.2pp-5.7%-3.5pp-2.2%-5.7pp3.6%-16.6pp20.1%+4.7pp15.4%+59.0pp-43.5%
Current Ratio1.810.0x1.81-0.1x1.87+0.2x1.66+0.1x1.570.0x1.60-0.2x1.79+0.2x1.60
Debt-to-Equity2.70N/AN/AN/AN/AN/AN/AN/A
FCF Margin10.0%+17.0pp-6.9%-13.9pp7.0%+5.6pp1.4%-5.3pp6.7%-6.3pp12.9%+9.6pp3.3%-1.7pp5.0%

Note: Shareholder equity is negative (-$107.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

What is Freightcar Amer Inc's annual revenue?

Freightcar Amer Inc (RAIL) reported $501.0M in total revenue for fiscal year 2025. This represents a -10.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Freightcar Amer Inc's revenue growing?

Freightcar Amer Inc (RAIL) revenue declined by 10.4% year-over-year, from $559.4M to $501.0M in fiscal year 2025.

Is Freightcar Amer Inc profitable?

Yes, Freightcar Amer Inc (RAIL) reported a net income of $38.1M in fiscal year 2025, with a net profit margin of 7.6%.

Freightcar Amer Inc (RAIL) reported diluted earnings per share of $1.09 for fiscal year 2025. This represents a 134.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Freightcar Amer Inc (RAIL) had EBITDA of $40.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Freightcar Amer Inc (RAIL) had $64.3M in cash and equivalents against $97.5M in long-term debt.

Freightcar Amer Inc (RAIL) had a gross margin of 14.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Freightcar Amer Inc (RAIL) had an operating margin of 6.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Freightcar Amer Inc (RAIL) had a net profit margin of 7.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Freightcar Amer Inc (RAIL) generated $31.4M in free cash flow during fiscal year 2025. This represents a -21.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Freightcar Amer Inc (RAIL) generated $34.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Freightcar Amer Inc (RAIL) had $290.0M in total assets as of fiscal year 2025, including both current and long-term assets.

Freightcar Amer Inc (RAIL) invested $3.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Freightcar Amer Inc (RAIL) had 19M shares outstanding as of fiscal year 2025.

Freightcar Amer Inc (RAIL) had a current ratio of 1.87 as of fiscal year 2025, which is generally considered healthy.

Freightcar Amer Inc (RAIL) had a return on assets of 13.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Freightcar Amer Inc (RAIL) has negative shareholder equity of -$107.4M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

Freightcar Amer Inc (RAIL) has an Altman Z-Score of 1.89, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Freightcar Amer Inc (RAIL) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Freightcar Amer Inc (RAIL) has an earnings quality ratio of 0.91x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Freightcar Amer Inc (RAIL) has an interest coverage ratio of 1.93x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Freightcar Amer Inc (RAIL) scores 56 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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