FreightCar America, Inc. (RAIL) Financial Statements
Industry: Railroad Equipment
In fiscal 2025, FreightCar America reported revenue of $501.0M, down 10.4% from $559.4M the year before. Net income was $38.1M (a 7.6% net margin), or $1.09 per diluted share. Gross margin was 14.6% and operating margin was 6.8%. Operating activities generated $34.8M of cash, leaving $31.4M of free cash flow. At fiscal year end, FreightCar America held $290.0M in total assets against $397.5M in total liabilities.
Open the full interactive FreightCar America financials → Quarterly statements, key ratios, valuation history and price charts.
FreightCar America Key Stats
| Share Price | $6.29 |
|---|---|
| Market Cap | $200.9M |
| P/E Ratio | 5.8 |
| Revenue YoY Growth | -10.4% |
| 52-Week Range | $6.17 – $14.80 |
| Shares Outstanding | 31.9 million (basic, 2026 Q2) |
FreightCar America Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $108.4M | $203.1M | $364.8M | $358.1M | $559.4M | $501.0M |
| Gross Profit | -$13.5M | $11.5M | $25.8M | $41.8M | $67.0M | $73.2M |
| Operating Income | -$80.6M | -$22.8M | -$15.0M | $10.5M | $37.3M | $33.9M |
| Pre-Tax Income | -$85.9M | -$40.0M | -$36.5M | -$22.1M | -$70.0M | -$10.9M |
| Income Tax | $199,000 | $1.4M | $2.3M | $1.5M | $5.8M | -$49.0M |
| Net Income | -$84.4M | -$41.4M | -$38.8M | -$23.6M | -$75.8M | $38.1M |
| Diluted EPS | -$6.29 | -$2.00 | -$1.56 | -$1.18 | -$3.12 | $1.09 |
FreightCar America Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $160.5M | $125.6M | $64.3M | $113.1M |
| Net Income | -$7.4M | -$16.6M | $41.6M | -$30.1M |
| Diluted EPS | -$0.23 | -$0.49 | $1.15 | -$0.94 |
FreightCar America Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Current Assets | $121.0M | $136.7M | $128.9M | $180.4M | $145.0M | $160.0M |
| Total Assets | $182.7M | $200.7M | $199.7M | $259.5M | $224.2M | $290.0M |
| Current Liabilities | $71.1M | $69.3M | $106.0M | $137.4M | $80.8M | $85.6M |
| Total Long-Term Debt | $55.3M | $79.5M | $92.2M | $58.8M | $108.4M | $107.2M |
| Total Liabilities | $152.2M | $202.3M | $228.3M | $222.2M | $374.5M | $397.5M |
| Shareholders' Equity | $30.5M | -$1.7M | -$28.6M | -$46.2M | -$150.3M | -$107.4M |
FreightCar America Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$58.9M | -$55.4M | $11.5M | $4.8M | $44.9M | $34.8M |
| Cash From Investing | -$6.1M | -$1.7M | -$7.8M | -$4.4M | -$5.0M | -$9.1M |
| Cash From Financing | $52.8M | $29.3M | $8.0M | $2.2M | -$36.0M | -$5.8M |
| Free Cash Flow | -$68.8M | -$57.7M | $3.7M | -$8.0M | $39.9M | $31.4M |
| Dividends Paid | — | — | — | — | $27.9M | $0 |
Figures from FreightCar America's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full FreightCar America financials page for every line item.
FreightCar America Company Profile
| Ticker | RAIL |
|---|---|
| Exchange | Nasdaq |
| Industry | Railroad Equipment |
| Headquarters | Chicago, Illinois |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0001320854 |
Frequently Asked Questions
What was FreightCar America's revenue in fiscal 2025?
FreightCar America (RAIL) reported revenue of $501.0M for fiscal 2025.
What is FreightCar America's annual revenue history?
FreightCar America's annual revenue by fiscal year: 2020: $108.4M; 2021: $203.1M; 2022: $364.8M; 2023: $358.1M; 2024: $559.4M; 2025: $501.0M.
What was FreightCar America's net income in fiscal 2025?
FreightCar America reported net income of $38.1M for fiscal 2025.
What was FreightCar America's earnings per share (EPS) in fiscal 2025?
FreightCar America's diluted EPS was $1.09 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did FreightCar America generate in fiscal 2025?
FreightCar America generated $31.4M of free cash flow in fiscal 2025.
What was FreightCar America's revenue last quarter?
In its most recent reported quarter (2026 Q2), FreightCar America reported revenue of $113.1M.
How much debt does FreightCar America have?
FreightCar America reported $107.2M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of FreightCar America are outstanding?
FreightCar America reported a weighted average of 31.9 million basic shares outstanding in 2026 Q2.
What is FreightCar America's market cap?
Based on its latest closing price, FreightCar America (RAIL) has a market capitalization of about $200.9M.
When does FreightCar America's fiscal year end?
FreightCar America's fiscal year end, as registered with the SEC, is December 31.
Where is FreightCar America headquartered?
FreightCar America lists its business address in Chicago, Illinois in its SEC filings.