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FreightCar America, Inc.

RAIL

FreightCar America, Inc. • NASDAQ
$8.18 ▲ 2.12% (+0.17)
Market Cap $156.12 M
52w High $13.64
52w Low $4.31
Dividend Yield 0%
P/E 3.25
Volume 33.55K
Outstanding Shares 31.67M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $160.511M ▲ $9.647M ▼ $-7.445M ▼ -4.638% ▼ $-0.23 ▼ $-1.401M ▼
Q2-2025 $118.623M ▲ $10.114M ▼ $11.679M ▼ 9.845% ▼ $0.36 ▼ $9.238M ▲
Q1-2025 $96.29M ▼ $10.523M ▲ $50.448M ▲ 52.392% ▲ $1.54 ▲ $5.335M ▼
Q4-2024 $137.696M ▲ $9.374M ▲ $34.623M ▲ 25.145% ▲ $0.86 ▲ $12.879M ▲
Q3-2024 $113.255M $7.538M $-107.046M -94.518% $-3.57 $10.061M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $62.743M ▲ $340.757M ▲ $431.631M ▲ $-90.874M ▼
Q2-2025 $61.353M ▲ $328.093M ▲ $411.555M ▲ $-83.462M ▲
Q1-2025 $54.084M ▲ $250.468M ▲ $347.867M ▼ $-97.399M ▲
Q4-2024 $44.45M ▼ $224.216M ▼ $374.489M ▲ $-150.273M ▼
Q3-2024 $44.83M $245.949M $318.377M $-72.428M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-7.445M ▼ $3.41M ▼ $-1.164M ▼ $-856K ▲ $1.39M ▼ $2.246M ▼
Q2-2025 $11.679M ▼ $8.528M ▼ $-23K ▲ $-1.236M ▲ $7.269M ▼ $7.92M ▼
Q1-2025 $50.448M ▲ $12.794M ▲ $-330K ▲ $-2.83M ▲ $9.634M ▲ $12.464M ▲
Q4-2024 $34.623M ▲ $5.886M ▼ $-1.288M ▲ $-4.978M ▼ $-380K ▼ $4.598M ▼
Q3-2024 $-107.046M $7.172M $-1.462M $-250K $5.46M $5.71M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Railcar Sales
Railcar Sales
 $130.00M ▲$90.00M ▼$110.00M ▲$150.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown meaningfully over the last several years, showing that demand for the company’s products and services is heading in the right direction. Profitability has improved at the operating level, moving from sizable operating losses toward modest operating income more recently. However, the bottom line is still consistently in the red, and the most recent year shows that net losses remain material and somewhat volatile. In simple terms: sales are rising and the core business is healthier than it used to be, but the company has not yet demonstrated stable, lasting profitability and earnings still swing around from year to year.

Balance Sheet

Balance Sheet The balance sheet looks fragile. Total assets are relatively small and have not grown much, cash on hand is limited, and debt has increased recently. Shareholders’ equity is negative, which means accumulated losses outweigh the company’s recorded capital base. That combination—higher debt and negative equity—points to a leveraged and financially thin position, leaving less room to absorb shocks or downturns without additional financing or restructuring. The company is operating, but with a capital structure that carries clear financial risk.

Cash Flow

Cash Flow Cash generation has improved from earlier years when operations were consistently burning cash. More recently, operating cash flow has turned modestly positive, and after relatively light investment spending, free cash flow is now slightly positive as well. That said, cash inflows are still small compared with the overall needs of the business, and there is limited cushion. The trend in cash flow is encouraging, but the company is still in an early stage of rebuilding financial flexibility and remains sensitive to any setback in orders or margins.

Competitive Edge

Competitive Edge FreightCar America is a focused railcar manufacturer with over a century of industry experience and a strong reputation in freight rail. Its pure-play manufacturing model avoids competing with leasing customers and helps maintain relationships. A major advantage is its modern, lower-cost manufacturing campus in Mexico, which supports flexible production and cost efficiency. The company is particularly strong in railcar conversions and rebuilding, giving it a niche in extending the life of existing fleets. However, it competes against larger, better-capitalized rivals in a cyclical, capital-intensive industry, so its position is more “specialized niche player” than dominant leader, and it must execute well to maintain share.

Innovation and R&D

Innovation and R&D The company’s innovation is centered on manufacturing process improvements and engineering know-how rather than flashy new technologies. Proprietary welding processes and collaboration with partners like Hobart are aimed at better quality, faster production, and easier training for workers. The Castaños facility in Mexico is itself a strategic innovation: a purpose-built, scalable plant designed for efficiency and quick product changeovers. FreightCar America also leans on its engineering teams for custom designs, railcar conversions, and now tank car upgrades, which tap into regulatory-driven demand for safer equipment. While its R&D is not highly visible or technology-heavy, there is a steady focus on practical, customer-focused innovation that can support margins and differentiation if executed well.

Summary

FreightCar America is in the midst of a transition. On the positive side, revenue has grown strongly, operational performance has improved, and cash flow has shifted from persistent outflows to modest inflows. Strategically, the company has built a cost-advantaged manufacturing base in Mexico, carved out a notable niche in railcar conversions, and is expanding into tank car upgrades, which could be a multi-year opportunity. On the risk side, the balance sheet is weak, with negative equity, higher debt, and only a small cash buffer, leaving little margin for error in a cyclical, project-driven business. The company has not yet delivered consistent, durable profits, and results still show meaningful volatility. Going forward, its story largely rests on converting its growing order book and operational efficiencies into steadier profitability, while carefully managing leverage and the ups and downs of the railcar cycle.

NEWS

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November 26, 2025 · 4:15 PM UTC

FreightCar America, Inc. to Present at NobleCon21

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November 6, 2025 · 11:41 PM UTC

Railtown AI Technologies Announces Intention to Complete the Amalgamation with AI Partnerships Corp.

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October 27, 2025 · 4:15 PM UTC

FreightCar America, Inc. To Release Third Quarter 2025 Results On November 10, 2025

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October 8, 2025 · 2:30 PM UTC

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