Filing Flows › FreightCar America (RAIL) › Q1 2025
FreightCar America (RAIL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
FreightCar America (RAIL) reported revenue of $96.3M for the first quarter 2025 (Q1 2025), -40% from a year earlier and -30% from the quarter before. Operating margin was 4.0%, net earnings $48.6M (50.5% of revenue).
FreightCar America, Q1 2025: revenue $96.3M (-40% year over year), operating margin 4.0%, net earnings $48.6M, operating cash flow $12.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $96.3M | -30% | -40% |
| Gross profit | $14.4M | -31% | +26% |
| Operating profit | $3.9M | -67% | -1% |
| Net earnings | $48.6M | +72% | — |
| Operating cash flow | $12.8M | +117% | — |
| Free cash flow | $12.5M | +171% | — |
What changed
Revenue was $96.3M in Q1 2025, down 40% year over year and down 30% from the previous quarter. Railcar Sales was the largest line at 94% of revenue. Railcar Sales lost $65.5M year over year (down 42%), 101% of the total change.
Gross margin was 14.9%, up 7.9 points from a year earlier. Operating profit was $3.9M, a 4.0% margin (up 1.6 points year over year). Operating expenses grew 40% against a revenue fall of 40%. Net earnings were $48.6M. The effective tax rate was 3.5%. Non-operating items added $48.4M, 93% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $12.8M, 25% of net income including minority interests. Non-cash charges added back $1.5M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $41.1M. Capital expenditures of $330K left free cash flow of $12.5M.
Questions
What was FreightCar America's revenue in the first quarter 2025?
FreightCar America (RAIL) reported revenue of $96.3M for the first quarter 2025 (Q1 2025), -40% from a year earlier and -30% from the quarter before.
Was FreightCar America profitable in the first quarter 2025?
Operating profit was $3.9M (4.0% of revenue) and net earnings $48.6M.
Source: FreightCar America 10-Q on SEC EDGAR.