Greenbrier Companies Inc filed its 10-K with the SEC, and its figures are now in our data. Revenue over the twelve months to Q4 2026 was $2.5 billion, a 24.0% decline from the year before. That growth rate improved by 1.5 percentage points compared to the quarter earlier.
Source: SEC EDGAR XBRL company facts. Latest period shown: FY26 Q4.
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| Period | Revenue growth, TTM YoY | Operating margin (TTM) | FCF margin (TTM) |
|---|---|---|---|
| FY25 Q1 | -9.4% | 10.3% | -2.2% |
| FY25 Q2 | -5.8% | 11.2% | -0.9% |
| FY25 Q3 | 0.7% | 11.7% | 2.2% |
| FY25 Q4 | -8.6% | 11.1% | -0.5% |
| FY26 Q1 | -15.0% | 10.1% | 4.2% |
| FY26 Q2 | -17.5% | 8.7% | 8.0% |
| FY26 Q3 | -25.6% | 7.2% | -4.3% |
| FY26 Q4 | -24.0% | 5.8% | -9.7% |
What stands out
Capital spending fell 0.4%, while operating cash flow dropped 85.1%. Consequently, less of the generated cash remained as surplus.
Profitability
The business remains profitable. The trailing gross margin stood at 13.6%. Meanwhile, the trailing operating margin was 5.8%, down 5.3 percentage points from a year earlier. The trailing net margin reached 3.2%. Net income over the twelve months totaled $79.0 million, marking a 61.3% decrease on the year before.
Where the cash went
Operating cash flow over the twelve months was $39.6 million, down 85.1% from the previous year. Capital spending amounted to $279.3 million, or 11.3% of revenue. Free cash flow, defined as operating cash flow less capital spending, came in at −$239.7 million. This represented a free-cash-flow margin of −9.7%, down 9.3 percentage points from a year earlier.
Share count
The average diluted share count decreased by 1.1% over the year.
Against its own history
Set against the company’s own record, today’s free-cash-flow margin of −9.7% is higher than 15% of past quarterly readings, which have ranged from −28.1% to 12.2%. Today’s operating margin of 5.8% exceeds 28% of past readings (1.1% to 16.5%). Additionally, today’s twelve-month revenue growth rate of −24.0% is higher than 11% of past readings (−41.8% to 70.4%).
Next to watch
The next filing will show whether the trends above continue, slow or reverse.
