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FreightCar America (RAIL) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 3, 2026 · FreightCar America (RAIL) Q2 2026 earnings results →
Q2 2026 Revenue down 5% year over year to $113M · 27¢ of every $1 of revenue lost · operating margin -3.8%
FreightCar America made $113M in Q2 2026 (-5% Y/Y): Manufacturing Sales $104M, Aftermarket Sales $8.9M. Operating margin -3.8%, net loss $30.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 3, 2026.
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What changed this quarter
Revenue was $113.1M in Q2 2026, down 5% year over year and up 76% from the previous quarter. Manufacturing Sales was the largest line at 92% of revenue. Manufacturing Sales lost $6.5M year over year (down 6%), 118% of the total change.
Gross margin was 5.5%, down 9.6 points from Q2 2025. Operating costs exceeded revenue by $4.3M, an operating margin of -3.8%. Operating expenses grew 3% against a revenue fall of 5%. The quarter ended with a net loss of $30.1M, after a profit of $41.6M the previous quarter. Net interest and other expense of $28.2M was the main reason.
Operating cash flow was $12.1M (up 42% year over year). Non-cash charges added back $1.8M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $39.4M. Capital expenditures of $736K left free cash flow of $11.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 3, 2026 | $113M | -5% | -3.8% | −$30.1M | $12.1M |
| Q1 2026 | 10-Q | May 4, 2026 | $64.3M | -33% | -0.9% | $41.6M | −$4.3M |
| Q4 2025 | 10-K | Mar 9, 2026 | $126M | -9% | 6.2% | −$16.6M | $10.0M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $161M | +42% | 9.1% | −$7.4M | $3.4M |
| Q2 2025 | 10-Q | Aug 4, 2025 | $119M | -20% | 6.5% | $11.7M | $8.5M |
| Q1 2025 | 10-Q | May 5, 2025 | $96.3M | -40% | 4.0% | $48.6M | $12.8M |
| Q4 2024 | 10-K | Mar 12, 2025 | $138M | +9% | 8.5% | $28.2M | $5.9M |
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📈Investments: gains and what it boughtinteractive
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About FreightCar America
FreightCar America, Inc., a Delaware corporation (“FreightCar”), with its subsidiaries (the “Company”, “we”, “us”, or “our” refers to FreightCar and its subsidiaries), is a diversified manufacturer and supplier of railcars and railcar components. We design and manufacture a broad variety of railcar types for transportation of bulk commodities and containerized freight products primarily in North America. We also provide railcar rebody and repair services, railcar conversion services that repurpose idled rail assets back into revenue service, and supply railcar parts. We have been manufacturing railcars since 1901.
In its own words, from its 10-K, filed Mar 9, 2026.
FreightCar America against its Railroad Equipment peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -5% against the peers' median +8%. Operating margin: -3.8% against the peers' median 17.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| RAIL FreightCar America | Q2 2026 | $113M | -5% | -3.8% |
| WAB Westinghouse Air Brake Technologies | Q3 2026 | $3.1B | +8% | 20.0% |
| GBX Greenbrier Companies | Q4 FY26 | $591M | -22% | 4.3% |
| TRN Trinity Industries | Q3 2026 | $535M | +18% | 17.9% |
Source: FreightCar America 10-Q on SEC EDGAR · CIK 1320854 · Railroad Equipment
13F: who owns RAIL and who is buying
More on RAIL
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results