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Freightcar America, Inc. (RAIL) stock

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NASDAQ: RAIL Nasdaq Construction Machinery & Heavy Transportation Equipment Next results ~November 9, 2026

D Fundamentals grade

Freightcar America, Inc. is a US-listed company in the construction machinery & heavy transportation equipment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($17.81) is 4.25x the share price ($4.19); a gap this wide almost always means a data problem.

Price vs value

Under review: our cash-flow value ($17.81) is 4.25x the share price ($4.19); a gap this wide almost always means a data problem. We'll show the comparison once resolved.

Freightcar America, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds46 adding, 53 cuttingOf 27 active managers that changed their stake, 8 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Freightcar America files

Where Freightcar America stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $464m, down 0.5% on a year earlier, a smaller fall than the 5.2% decline a quarter earlier. Free-cash-flow margin fell to 3.9% from 6.6% a year earlier. Operating margin narrowed to 3.8% from 6.8%. The diluted share count is up 6.4% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 5 financial-health checks.

Our model value for Freightcar America is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 3, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 9, 2026 (estimated)

Freightcar America, Inc.'s trailing-twelve-month revenue fell 0.5% year on year, with a free-cash-flow margin of 3.9%. Where it stands out: days sales outstanding of 10 days ranks 2 of 13 construction machinery & heavy transportation equipment companies we cover. Where it lags: gross margin of 12.5% ranks 21 of 23 construction machinery & heavy transportation equipment companies we cover.

Our discounted-cash-flow model values the business at ~$18 per share in the base case (~$13–$24 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 41.7% while net income grew 45.9%: a 88pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Freightcar America, Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 0.5% over the last 12 months.
  • Margins narrowing. Operating margin is down 3.1 points on a year ago.
  • Share dilution. Diluted shares rose 6.4% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 66% and a beta of 1.5 against the S&P 500.
  • Gross margin slipping. Gross margin is down 2.4 points on a year ago.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 35.4% ranks 15 of 18 construction machinery & heavy transportation equipment companies we cover (median 24.0%).

Latest results: FY2026 Q2

Filed August 3, 2026
Earnings per share
-$0.02 against an average estimate of $0.00: missed by 700.6%
Revenue
$113m, down 4.6% on a year earlier
Share reaction
-32.1% in the first session after the results on October 19, 2026, against +0.8% for the S&P 500
Next report
November 9, 2026; average EPS estimate -$0.14

Freightcar America's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.2%
  • 1 week-6.4%
  • 1 month-40.3%
  • This year-62.8%
  • 1 year-53.7%
  • 5 years-9.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$464M
Operating margin
3.8%
Net margin
-2.8%
EPS (TTM, diluted)
$-0.38

Growth

Revenue growth
−0.5%
Change in growth rate
+4.7 pts
Share count change
+6.4%

Cash

Free cash flow (TTM)
$17.9M
FCF margin
3.9%
Stock pay % of revenue
0.6%

Earnings

Last results
October 19, 2026
Next results (est.)
January 18, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Agreement
  3. Agreement
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Freightcar America, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($17.81) is 4.25x the share price ($4.19); a gap this wide almost always means a data problem.

Our value per share comes from a discounted-cash-flow model of Freightcar America, Inc.'s free cash flow after stock-based pay ( $29.4M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Freightcar America, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 11.4%: the 10-year Treasury yield (4.9%) plus a beta of 1.43 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$18 ~$13–$24 Primary model, counts double
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$29 ~$16–$40 Left out: out of range vs price (6.99x)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$9.2 ~$7.2–$12 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Freightcar America, Inc. with Construction Machinery & Heavy Transportation Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$18.67$14.69$17.08$6.69$2.07$2.41$3.69$3.20$2.70$8.96$11.07$4.12
Market value$228m$180m$210m$82m$26m$32m$77m$79m$77m$275m$374m$140m
+ Net debt (− = net cash)−$83m−$93m−$88m−$45m−$56m$13m$63m$62m−$11m$71m$48m$38m
Enterprise value$145m$87m$122m$37m−$30m$45m$140m$141m$65m$346m$422m$178m
Multiples
Price / sales 0.3x0.3x0.5x0.3x0.1x0.3x0.4x0.2x0.2x0.5x0.7x0.3x
Price / earnings 7.2x14.6x————————10.1x—
Price / free cash flow ——5.3x————21.6x—6.9x11.9x7.8x
EV / EBITDA 2.6x3.4x——————4.3x8.0x10.5x7.3x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

24 /100

Weak moat

How hard Freightcar America's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -7.0% of total assets over 10 years.

  • Pricing power 0 / 20

    Gross margin has been a median 6.9%, moving by 11.3 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -1.4%; its worst year was -69.6%.

  • Cash conversion 4 / 20

    Free cash flow was positive in 4 of 10 years, at a median -3.2% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 96.7% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 9, 2026, after the close. Analysts expect revenue of $76m and EPS of −$0.14 (range −$0.15 to −$0.13) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.01 −103% $384m −23%
Next $0.70 +4745% $569m +48%

Next year's EPS estimate has moved −26.1% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −103.2% on 90 days ago. In the last 30 days, 0 analysts raised Freightcar America, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Freightcar America, Inc., last 90 days
−$0.50 $0.00 $0.50 $1.00 $1.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.47 Current fiscal year, 60 days ago: $0.44 Current fiscal year, 30 days ago: $0.44 Current fiscal year, 7 days ago: $0.44 Current fiscal year, Now: −$0.01 −$0.01 Next fiscal year, 90 days ago: $0.94 Next fiscal year, 60 days ago: $1.06 Next fiscal year, 30 days ago: $1.06 Next fiscal year, 7 days ago: $1.06 Next fiscal year, Now: $0.70 $0.70

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.47$0.94
60 days ago $0.44$1.06
30 days ago $0.44$1.06
7 days ago $0.44$1.06
Now −$0.01$0.70

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.00 −$0.02 −700.6%
Mar 2026 −$0.02 −$0.04 −100.0%
Dec 2025 $0.19 $0.16 −14.3%
Sept 2025 $0.15 $0.24 +54.8%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Freightcar America, Inc.'s revenue by +3.0% next year and +13.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+3.0%, weight 56%) and the company's own record (+3.0%, weight 44%) . How the weights are set.

Analyst recommendations

2 analysts, Oct 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202622
  2. Sep 202622
  3. Aug 202622

Counts of recommendations published by analysts covering Freightcar America, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.9%
of tradable shares
Days to cover
4.22
at average volume
Short interest, 1 month
+23%
to October 15, 2026
Held by institutions
73%
of shares
Held by insiders
13.9%
of shares
Employees
1,986
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −53.7%

$8.89 on October 31, 2025 to $4.12

ThenNowEffect
Revenue (last 12 months) $466m $464m −0.5%
P/S multiple 0.6x 0.3x −50.4%
Share count 32m 34m −6.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +56.1%

$2.64 on November 3, 2023 to $4.12

ThenNowEffect
Revenue (last 12 months) $384m $464m +20.6%
P/S multiple 0.2x 0.3x +65.5%
Share count 27m 34m −21.8%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
RAIL+53%−13%−16%+232%+24%−63%
Industry peers (median)+11%−8%+36%+22%+4%+13%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
RAIL33%42%33%58%58%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
RAIL−58%−52%−42%−44%−67%−73%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 97% from November 20, 2015 to March 18, 2020. Getting back needed a 2995% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$4.02 – $14.80
From 52-week high
−72.2%
vs 50-day average
−34.7%
vs 200-day average
−51.9%
Volatility (1 year)
66%
Beta vs S&P 500
1.48

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±14.5%
After a week
4 up, 8 down
typical move ±18.8%
After a month
4 up, 7 down
typical move ±34.7%
Results releasedNext dayS&P 500 next day5 days21 days
October 19, 2026 −32.1% +0.8% −25.7% —
August 3, 2026 +7.2% +3.3% −0.8% −16.1%
May 4, 2026 −7.0% +0.4% +0.8% −11.4%
March 9, 2026 −21.4% +0.7% −35.9% −32.8%
November 10, 2025 +4.2% +1.8% −9.1% +12.9%
August 4, 2025 +6.1% +1.0% −7.3% −14.4%
May 5, 2025 +6.4% −1.4% +8.6% +27.7%
March 12, 2025 +12.6% −0.8% −1.2% −27.5%
November 12, 2024 −37.2% −0.3% −31.0% −36.5%
August 12, 2024 +23.4% +1.7% +74.3% +180.2%
March 18, 2024 +10.9% +1.2% +19.0% +11.2%
November 6, 2023 −5.3% +0.5% −11.4% −10.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Freightcar America, Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Freightcar America, Inc.
$300M $400M $500M $600M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $360.5M Revenue (TTM), FY23 Q4: $358.1M Revenue (TTM), FY24 Q1: $438.2M Revenue (TTM), FY24 Q2: $497M Revenue (TTM), FY24 Q3: $548.3M Revenue (TTM), FY24 Q4: $559.4M Revenue (TTM), FY25 Q1: $494.7M Revenue (TTM), FY25 Q2: $465.9M Revenue (TTM), FY25 Q3: $513.1M Revenue (TTM), FY25 Q4: $501M Revenue (TTM), FY26 Q1: $469M Revenue (TTM), FY26 Q2: $463.5M $463.5M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $360.5M
FY23 Q4 $358.1M
FY24 Q1 $438.2M
FY24 Q2 $497M
FY24 Q3 $548.3M
FY24 Q4 $559.4M
FY25 Q1 $494.7M
FY25 Q2 $465.9M
FY25 Q3 $513.1M
FY25 Q4 $501M
FY26 Q1 $469M
FY26 Q2 $463.5M
Revenue growth, TTM YoY Freightcar America, Inc.
-20% 0% 20% 40% 60% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 16.0% Revenue growth, TTM YoY, FY23 Q4: -1.8% Revenue growth, TTM YoY, FY24 Q1: 24.3% Revenue growth, TTM YoY, FY24 Q2: 29.3% Revenue growth, TTM YoY, FY24 Q3: 52.1% Revenue growth, TTM YoY, FY24 Q4: 56.2% Revenue growth, TTM YoY, FY25 Q1: 12.9% Revenue growth, TTM YoY, FY25 Q2: -6.3% Revenue growth, TTM YoY, FY25 Q3: -6.4% Revenue growth, TTM YoY, FY25 Q4: -10.4% Revenue growth, TTM YoY, FY26 Q1: -5.2% Revenue growth, TTM YoY, FY26 Q2: -0.5% -0.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 16.0%
FY23 Q4 -1.8%
FY24 Q1 24.3%
FY24 Q2 29.3%
FY24 Q3 52.1%
FY24 Q4 56.2%
FY25 Q1 12.9%
FY25 Q2 -6.3%
FY25 Q3 -6.4%
FY25 Q4 -10.4%
FY26 Q1 -5.2%
FY26 Q2 -0.5%
Operating margin (TTM) Freightcar America, Inc.
0% 2% 4% 6% 8% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 1.1% Operating margin (TTM), FY23 Q4: 2.9% Operating margin (TTM), FY24 Q1: 3.0% Operating margin (TTM), FY24 Q2: 3.8% Operating margin (TTM), FY24 Q3: 4.7% Operating margin (TTM), FY24 Q4: 6.7% Operating margin (TTM), FY25 Q1: 7.5% Operating margin (TTM), FY25 Q2: 6.8% Operating margin (TTM), FY25 Q3: 7.4% Operating margin (TTM), FY25 Q4: 6.8% Operating margin (TTM), FY26 Q1: 6.3% Operating margin (TTM), FY26 Q2: 3.8% 3.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 1.1%
FY23 Q4 2.9%
FY24 Q1 3.0%
FY24 Q2 3.8%
FY24 Q3 4.7%
FY24 Q4 6.7%
FY25 Q1 7.5%
FY25 Q2 6.8%
FY25 Q3 7.4%
FY25 Q4 6.8%
FY26 Q1 6.3%
FY26 Q2 3.8%
FCF margin (TTM) Freightcar America, Inc.
-10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -4.1% FCF margin (TTM), FY23 Q4: -2.2% FCF margin (TTM), FY24 Q1: -5.6% FCF margin (TTM), FY24 Q2: 10.5% FCF margin (TTM), FY24 Q3: 11.4% FCF margin (TTM), FY24 Q4: 7.1% FCF margin (TTM), FY25 Q1: 15.9% FCF margin (TTM), FY25 Q2: 6.6% FCF margin (TTM), FY25 Q3: 5.3% FCF margin (TTM), FY25 Q4: 6.3% FCF margin (TTM), FY26 Q1: 3.1% FCF margin (TTM), FY26 Q2: 3.9% 3.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -4.1%
FY23 Q4 -2.2%
FY24 Q1 -5.6%
FY24 Q2 10.5%
FY24 Q3 11.4%
FY24 Q4 7.1%
FY25 Q1 15.9%
FY25 Q2 6.6%
FY25 Q3 5.3%
FY25 Q4 6.3%
FY26 Q1 3.1%
FY26 Q2 3.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Freightcar America took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $501M
  2. Other income $2.9M · 0.6%
  3. Cost of revenue $428M · 85.4%
  4. Gross profit $73.2M · 14.6%
  5. Selling, general and admin $39.3M · 7.8%
  6. Operating income $33.9M · 6.8%
  7. Net income $36.9M · 7.4%

Shares of revenue. Source: Freightcar America's 10-K for FY2025, as filed with the SEC. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 248 143 487 677 290 599 773 524 409 317 230 108 203 365 358 559 501 464
Gross profit 37 3 32 65 13 42 83 40 3 −4 −14 −14 11 26 42 67 73 58
EBITDA 11 −14 14 42 −14 20 57 26 −22 −20 −63 −71 −18 −11 15 43 40 24
Operating income 6 −21 6 33 −24 10 47 16 −32 −32 −76 −81 −23 −15 10 37 34 17
Net income 5 −13 5 19 −19 6 32 12 −23 −41 −75 −84 −41 −39 −34 −96 37 −13
Diluted EPS $0.42 −$1.07 $0.41 $1.60 −$1.61 $0.49 $2.58 $1.00 −$1.82 −$3.26 −$5.95 −$6.29 −$2.00 −$1.56 −$1.18 −$3.12 $1.09 −$0.38
Growth (year on year)
Revenue — −42.5% +240.8% +39.1% −57.1% +106.1% +29.1% −32.2% −21.8% −22.7% −27.3% −52.8% +87.2% +79.6% −1.8% +56.2% −10.4% −0.5%
EBITDA — −227.5% — +190.5% −133.6% — +190.1% −55.0% −187.6% — — — — — — +185.5% −6.9% −35.8%
Operating income — −477.1% — — −172.5% — — −66.1% −300.5% — — — — — — +255.9% −9.2% −45.2%
Net income — — — — −201.0% — — −61.3% −283.1% — — — — — — — — —
Diluted EPS — — — — −200.6% — — −61.2% −282.0% — — — — — — — — —
Margins
Gross margin 14.7% 1.9% 6.6% 9.6% 4.6% 7.1% 10.7% 7.7% 0.7% −1.1% −6.2% −12.5% 5.6% 7.1% 11.7% 12.0% 14.6% 12.5%
EBITDA margin 4.6% −10.1% 2.9% 6.1% −4.8% 3.3% 7.3% 4.9% −5.5% −6.3% −27.5% −65.8% −9.1% −3.0% 4.2% 7.7% 8.0% 5.2%
Operating margin 2.3% −15.0% 1.1% 4.9% −8.3% 1.6% 6.1% 3.0% −7.8% −10.1% −32.9% −74.3% −11.2% −4.1% 2.9% 6.7% 6.8% 3.8%
Net margin 2.0% −8.9% 1.0% 2.8% −6.6% 1.0% 4.1% 2.4% −5.5% −12.8% −32.7% −77.9% −20.4% −10.7% −9.4% −17.2% 7.4% −2.8%
Free-cash-flow margin 7.5% −30.4% 5.8% 6.5% 5.1% −3.0% −10.7% −2.6% 9.6% −10.7% −10.7% −63.4% −28.4% 1.0% −2.2% 7.1% 6.3% 3.9%
Cash flow
Cash from operations 23 −42 30 53 32 −6 −66 0 40 −32 −19 −59 −55 12 5 45 35 21
Capital spending 4 1 2 9 17 12 17 14 1 2 6 10 2 8 13 5 3 3
Free cash flow 19 −44 28 44 15 −18 −82 −14 39 −34 −25 −69 −58 4 −8 40 31 18
Stock-based pay 2 2 2 2 2 2 2 1 1 3 1 1 3 2 1 3 4 3
Free cash flow after stock pay 17 −45 26 42 13 −20 −85 −15 38 −37 −26 −70 −61 2 −9 37 28 15
Balance sheet
Cash 98 62 102 99 146 114 83 93 88 45 66 54 26 38 41 44 64 63
Total debt 0 0 0 0 0 0 0 0 0 0 10 67 89 99 29 115 112 101
Net debt (negative = net cash) −98 −62 −102 −99 −146 −114 −83 −93 −88 −45 −56 13 63 62 −11 71 48 38
Diluted shares 12m 12m 12m 12m 12m 12m 12m 12m 12m 12m 12m 13m 21m 25m 28m 31m 34m 34m
Returned to shareholders
Dividends 3 1 0 3 3 3 4 4 3 — — — — — 0 28 0 —
Total returned 3 1 0 3 3 3 4 4 3 — — — — — 0 28 0 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 5 checks passed · June 30, 2026
What it owns · $276m
Short-term assets $151mLonger-term assets $125m
What it owes, and who funded it · $276m
Short-term liabilities $83mLonger-term liabilities $157mShareholders' equity $36m
  • Short-term assets cover short-term liabilities $151m of assets due within a year against $83m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $151m short-term assets against $157m of longer-dated liabilities.
  • More cash than debt $63m of cash against $101m of debt.
  • Debt below 40% of shareholders' equity Debt is 278% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $21m of operating cash flow against $101m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Freightcar America, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+6.4%
year over year
Sales & admin spending
8.7%
of revenue
Days sales outstanding
10 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in construction machinery & heavy transportation equipment
Last 12 months unless stated RAIL FSTR PLOW MLR WNC ASTE Median
Revenue, last 12 months $464m $558m $699m $771m $1.5bn $1.6bn $2.1bn
Revenue growth, last 12 months −0.5% 10.1% 20.1% −20.9% −7.3% 18.7% 10.1%
Revenue growth, 3-year average 6.4% 1.7% 4.3% −8.7% −16.4% 4.5% 4.3%
Revenue growth, latest quarter −4.6% −3.5% 10.5% 12.1% 24.8% 23.6% 17.8%
Gross margin 12.5% 21.4% 27.3% 14.7% 0.9% 25.7% 21.4%
Operating margin 3.8% 4.4% 11.3% 5.9% −10.4% 3.4% 5.9%
Operating margin, 3-year average 4.8% 3.2% 12.6% 6.2% −0.6% 3.2% 8.6%
Net margin −2.8% 2.0% 7.5% 1.9% −9.1% 1.3% 3.2%
Cash from operations / revenue 4.6% 10.5% 8.9% 17.1% −8.1% 5.2% 8.9%
Free-cash-flow margin 3.9% 8.4% 7.0% 14.6% −9.0% 2.1% 7.0%
Free-cash-flow margin, 3-year average 7.0% 4.7% 7.5% 5.9% 0.6% 1.7% 5.9%
Stock pay / revenue 0.6% 1.1% 1.4% 0.5% 0.7% 0.6% 0.6%
Change in share count 6.4% −0.5% 0.1% −0.5% −2.6% 1.2% −0.1%

Median of all 23 companies we cover in construction machinery & heavy transportation equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

23 construction machinery & heavy transportation equipment companies
Measure Company Peer median Rank
Revenue growth Growth -0.5% 10.1% 16 of 23
Change in growth rate Growth +4.7pp +4.6pp 11 of 23
Gross margin Profitability 12.5% 21.4% 21 of 23
Operating margin Profitability 3.8% 5.8% 14 of 21
Net margin Profitability -2.8% 3.2% 19 of 23
Free-cash-flow margin Cash generation 3.9% 7.0% 13 of 23
Stock pay as % of revenue Cash generation 0.6% 0.6% 11 of 20
Long-term debt as % of assets Balance sheet 35.4% 24.0% 15 of 18
Change in share count Balance sheet 6.4% -0.1% 19 of 21
Days sales outstanding Balance sheet 10 days 50 days 2 of 13

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Manufacturing $474M 94.6% ▼ 12.4%
Aftermarket $27.1M 5.4% ▲ 48.8%
Corporate $0 0.0% —
Products and services
Line of business Revenue Share YoY
Railcar Sales $474M 94.6% ▼ 12.2%
Aftermarket Sales $27.1M 5.4% ▲ 48.8%
Geography
Region Revenue Share YoY
United States $501M 100.0% ▼ 10.4%
Mexico $0 0.0% —

From Freightcar America, Inc.'s 10-K filed March 9, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$95.1M
Institutions reporting
84
Shares held vs prior quarter
▲ 14.3%
Positions opened / closed
23 / 22

Top buyers and sellers, Q2 2026: 46 institutions bought and 53 sold ; the biggest buyer was Blackrock, Inc (+689K shares) and the biggest seller Millennium Management LLC (−216K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Allianz Asset Management Gmbh $15.1M 1.5M 15.8% 0.0%
Blackrock, Inc. $9.3M 959K 9.8% ▲ 256.0%
Vanguard Capital Management LLC $5.6M 573K 5.9% ▼ 1.6%
Kennedy Capital Management LLC $4.8M 492K 5.0% New
Marshall Wace, LLP $4.3M 446K 4.6% ▼ 14.6%
Minerva Advisors LLC $3.7M 379K 3.9% ▲ 11.1%
Geode Capital Management, LLC $3.7M 378K 3.9% ▲ 133.4%
Diamond Hill Capital Management, LLC (Investment Advisor) $3.6M 368K 3.8% ▲ 411.3%
Penn Capital Management Company, LLC $3.3M 339K 3.5% ▲ 134.7%
Essex Investment Management Co LLC $3.3M 338K 3.5% ▼ 4.2%
Nwam LLC $3.1M 321K 3.3% New
Hillsdale Investment Management Inc. $3.1M 314K 3.2% ▲ 9.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Freightcar America, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 18, 2027 estimated from the company's past filing pattern, not announced

  • October 19, 2026
  • August 3, 2026
  • May 4, 2026
  • March 9, 2026
  • November 10, 2025
  • August 4, 2025

Recent SEC filings

Data status

When each part of this page on Freightcar America, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Freightcar America, Inc. in brief

What does Freightcar America, Inc. do?
Freightcar America, Inc. is a US-listed company in the construction machinery & heavy transportation equipment industry. Its financial year ends in December.
What is Freightcar America, Inc.'s stock ticker?
Freightcar America, Inc. trades under the ticker RAIL on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Freightcar America, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Freightcar America, Inc. reported revenue of $464M, 0.5% lower than a year earlier, according to its SEC filings.
What is Freightcar America, Inc.'s free cash flow?
Freightcar America, Inc.'s free-cash-flow margin is 3.9% of revenue over the trailing twelve months, ranking 13 of the 23 construction machinery & heavy transportation equipment companies we cover.
Who are Freightcar America, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Allianz Asset Management Gmbh, Blackrock, Inc. and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Freightcar America, Inc.'s market cap?
On November 2, 2026, Freightcar America, Inc.'s market capitalisation was about $140M and net debt of $37.7M. Market figures come from third-party market data and may be delayed.
How much debt does Freightcar America, Inc. have?
Freightcar America, Inc.'s debt-to-equity ratio is 278.2%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Freightcar America, Inc.'s competitors?
In our Construction Machinery & Heavy Transportation Equipment peer group, the companies closest to Freightcar America, Inc. are Foster L B Co, Douglas Dynamics, Inc, Miller Industries Inc, Wabash National Corp and Astec Industries Inc. The side-by-side comparison below sets their revenue, margins and growth against Freightcar America, Inc.'s.
When is Freightcar America, Inc.'s next earnings date?
Around November 9, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Freightcar America, Inc. announces its own schedule.