RAILNasdaqRailroad EquipmentUS GAAP · USD

FreightCar America, Inc.

FreightCar America, Inc. designs and manufactures railcars and railcar components for bulk commodities and containerized freight, primarily serving North American freight transportation markets. The company also earns revenue from railcar rebodies, conversions, repairs, and aftermarket parts and services, giving it a mix of new-build and recurring service activity.

Kysy yhtiöstä
Liikevaihto501milj. USD
−10,4 %v/v
Liikevoitto (EBIT)33,9milj. USD
−9,2 %v/v
EBIT-marginaali6,8%
+0,1 %-yks.v/v
Nettotulos38,1milj. USD
+150,3 %v/v
Vapaa kassavirta31,4milj. USD
−21,3 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−2000200400600milj. USD2020: 108 milj. USD2020: EBIT −81 milj. USD20202021: 203 milj. USD2021: EBIT −23 milj. USD20212022: 365 milj. USD2022: EBIT −15 milj. USD20222023: 358 milj. USD2023: EBIT 10 milj. USD20232024: 559 milj. USD2024: EBIT 37 milj. USD20242025: 501 milj. USD2025: EBIT 34 milj. USD202550134
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Manufacturing78 %

New railcar production, used railcar sales, and major conversions/rebodies.

Aftermarket22 %

Replacement parts, supplies, and service work for railcar fleets.

Tuotteet

Raportoitu · osuus liikevaihdosta
94,6%FY2025100 %
  • Railcar Sales94,6 %
  • Aftermarket Sales5,4 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

FreightCar America sells mainly to financial institutions, shippers, railroads, and other North American fleet owners that need railcars for bulk and intermodal freight. Demand is driven by fleet replacement cycles, commodity transport needs, and financing decisions, which makes order timing and customer concentration important to the business.

Financial institutions

Buy railcars for leasing and financing structures; represented the largest customer type in 2025.

Shippers

Buy railcars directly for transporting commodities and freight; important end-market demand source.

Railroads

Purchase railcars and related services to support freight operations and fleet needs.

Aftermarket fleet operators

Buy replacement parts, inspections, and maintenance services to extend railcar life.

Strategia

Management is focused on improving operational efficiency while managing a cyclical order book and a concentrated customer base. The company is also expanding its aftermarket and conversion activity, which can provide more recurring revenue than new railcar manufacturing alone.

Operational efficiency in manufacturingLyhyt aikaväli

Higher efficiency supports margins in a cyclical, price-competitive railcar market.

Expand aftermarket and service mixKeskipitkä aikaväli

Aftermarket parts and services can smooth revenue volatility versus new-build orders.

Develop and validate new railcar designsKeskipitkä aikaväli

New designs help retain customers and meet changing freight requirements.

Maantiede

The company’s business is concentrated in North America, where it designs, manufactures, and services railcars for domestic freight networks. It also has some international sales, with railcar sales outside the United States totaling $14.4 million in 2025 versus $9.7 million in 2024, indicating limited but growing export exposure.

Riskit

The business is exposed to lumpy order timing, customer concentration, and cyclical rail demand tied to commodity and industrial freight volumes. It also faces tariff and trade-policy uncertainty, backlog conversion risk, and accounting/operational pressure from warranty, inventory, and asset-impairment estimates.

Järjestetty vakavuuden mukaan
Customer concentrationKorkea

Top customers represented a large share of revenue, so losing one can materially reduce sales.

Kohdistuu: Top five customers accounted for about 75% of 2025 revenue.

Cyclical railcar demandKorkea

Orders depend on economic conditions and freight demand for commodities and containerized goods.

Kohdistuu: Manufacturing segment is tied to new railcar demand and fleet replacement cycles.

Backlog conversion and cancellation riskKeskitaso

Orders may be delayed, inspected, or canceled, which can defer revenue and cash flow.

KohdistuuBacklog fell to 1926 railcars at year-end 2025 from 2797 a year earlier
Tariff and trade-policy uncertaintyKeskitaso

Input costs and customer demand can shift with changes in U.S. and foreign trade policy.

Kohdistuu: Management explicitly cited new tariffs and geopolitical uncertainty.

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition at transfer of control

Revenue is recognized when railcars are delivered or accepted, so timing can swing quarterly results.

Vaikutus: Affects quarterly revenue, gross margin, and backlog conversion.

Warranty accruals

Railcar manufacturing requires estimates for future warranty claims and repair costs.

Vaikutus: Affects operating expenses and liabilities.

Long-lived asset and right-of-use impairment

Manufacturing assets must be tested for recoverability if cash flows weaken.

Vaikutus: Can lead to non-cash impairment charges.

Inventory loss provisions

The company records losses when contract costs are expected to exceed selling price.

Vaikutus: Can reduce gross margin and inventory carrying value.

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 28.4.2026