Company Analysis

FreightCar America, Inc. (RAIL)

Nasdaq: RAIL · Railroad Equipment · Chicago, IL · filing with the SEC since 2005
Grade3.8
◀ Past 1.6● Present 4.4▶ Future 5.4

The grade of FreightCar America, Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.8/10
◀ Past1.630% of the headline
● Present4.440% of the headline
▶ Future5.430% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

1.6/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
0.3/10

Has it survived what it has been through?

5 warning events since 2017; the latest 2024-12-06.

weight 33% of this tense · 3rd percentile among 30 sector filers · read for itself

From the record

FreightCar America, Inc.'s filings since 2017 show 5 warning events of 4 kinds: a debt default or acceleration notice (8-K item 2.04, the latest 2020-12-28); a notice about its exchange listing (8-K item 3.01, the latest 2024-12-06); an auditor change (8-K item 4.01, 2 times, the latest 2021-03-30); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2020-05-12) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.4/10

What has it actually done, year after year?

-0.5% a year over 10 filed years; profitable in 1 of 4.

weight 45% of this tense · 14th percentile among 29 sector filers · read for its customers

From the record

FreightCar America, Inc.'s 10 filed years say what it did: revenue went from $524 million in fiscal 2016 to $501 million in fiscal 2025, down 0.5% a year; it rose in 3 of 9 years; the deepest fall was 79% from fiscal 2016 to fiscal 2020; net income was positive in 1 of 4 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-0.5%bottom 20% of its family
  • the share of years revenue rosebottom 3% of its family
  • the share of filed years with a profitbottom 26% of its family
  • the deepest fall from a revenue peak79.3%bottom 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
3.9/10

How has it treated the people who own it?

Share count grew 10.8% a year. 33% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 39th percentile among 20 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, FreightCar America, Inc.'s diluted share count grew about 10.8% a year, and dividends and buybacks returned about 33% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 25% of its family
  • cash returned against operating cash flowtop 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.4/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
3.2/10

Is it financially healthy right now?

Leverage 137%: owes 137¢ per asset dollar.

weight 45% of this tense · 32nd percentile among 27 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, FreightCar America, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 25 cents per dollar of everything the company owns. Leverage: it owed about 137 cents per dollar of assets, and net share issuance: its share count grew 10.0% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 2% of its family
  • gross profit against assetstop 23% of its family
  • the share count against the year beforebottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.5/10

How strong is its position in its industry?

top 35% of 30 in its family; net margin 7.6%.

weight 33% of this tense · 65th percentile among 30 sector filers · read for its customers

From the record

FreightCar America, Inc.'s standing among 30 graded names in its industry family: revenue of $501 million in fiscal 2025 ranks in the bottom 41% by size; a net margin of 7.6% ranks in the top 18%; revenue growth of 11.2% a year over the last 3 filed years ranks in the top 28% (its annual reports).

What it rests on

  • revenue against the family$501Mbottom 41% of its family
  • net margin7.6%top 18% of its family
  • three-year revenue growth11.2%top 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.6/10

What are the people in charge doing?

bottom 36% of 21 in its family for leadership; chief executive since 2024.

weight 22% of this tense · 36th percentile among 21 sector filers · read for its shareholders

From the record

FreightCar America, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Randall, Nicholas J (President and CEO, as filed), filing under that title since 2024-05-02, 2.5 years (bottom 26% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 5.2 years (bottom 31%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (top 48%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge5 in three years among 12 peopletop 48% of its family
  • the median years the people in charge have filed5.2 yearsbottom 31% of its family
  • the chief executive's years on the record2.5 yearsbottom 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.4/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.8/10

How much room does it have to grow?

bottom 48% of 30 in its family for room to expand.

weight 45% of this tense · 48th percentile among 30 sector filers · read for itself

From the record

FreightCar America, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $64 million against debt of $98 million leaves -11.5% of its assets as net cash, bottom 35% of its family; cash from operations less capital spending is 6.3% of revenue (top 38%); a gross margin of 14.6% (bottom 46%) (its annual report).

What it rests on

  • cash less debt against assets-11.5%bottom 35% of its family
  • cash from operations less capital spending against revenue6.3%top 38% of its family
  • gross margin14.6%bottom 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.4/10

What could actually drive growth from here?

top 46% of 29 in its family for growth drivers.

weight 33% of this tense · 54th percentile among 29 sector filers · read for its customers

From the record

FreightCar America, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 11.2% a year over the last three filed years against -0.5% over all 10, speeding up (top 9% of its family); the newest year grew -10.5% (bottom 26%); research spending grew 35.3% a year (top 21%); capital spending grew -24.4% a year (bottom 19%) (its annual reports). FreightCar America, Inc. reported 2 lines of business in fiscal 2025: Manufacturing at $474 million, Aftermarket at $27 million. 1 of 2 grew in the latest filed year, and the largest line is 95% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span+11.6 points a yeartop 9% of its family
  • the newest year's revenue growth-10.5%bottom 26% of its family
  • three-year growth of research spending35.3%top 21% of its family
  • three-year growth of capital spending-24.4%bottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.7/10

Did its newest year beat what its own record pointed to?

top 33% of 28 in its family for expectations against reality.

weight 22% of this tense · 67th percentile among 28 sector filers · read for its shareholders

From the record

FreightCar America, Inc.'s newest year against its own record: revenue of $501 million in fiscal 2025 came in 27.7% below the $693 million its prior three years' pace pointed to (bottom 23% of its family); net income of $38 million against a prior three-year average of $46 million (top 12%); a net margin of 7.6% against -10.3% before (top 9%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-27.7%bottom 23% of its family
  • net income against the prior three years' average+183%top 12% of its family
  • net margin against its prior average+17.9 pointstop 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton RAIL · research, not advice