Filing Flows › FreightCar America (RAIL) › Q4 2025
FreightCar America (RAIL) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 9, 2026
FreightCar America (RAIL) reported revenue of $126M for the fourth quarter 2025 (Q4 2025), -9% from a year earlier and -22% from the quarter before. Operating margin was 6.2%, net loss $16.6M (13.2% of revenue).
FreightCar America, Q4 2025: revenue $126M (-9% year over year), operating margin 6.2%, net loss $16.6M, operating cash flow $10.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $126M | -22% | -9% |
| Operating profit | $7.8M | -47% | -33% |
| Net earnings | −$16.6M | — | -159% |
| Operating cash flow | $10.0M | +195% | +71% |
| Free cash flow | $8.8M | +290% | +91% |
What changed
Revenue was $125.6M in Q4 2025, down 9% year over year and down 22% from the previous quarter. Railcar Sales was the largest line at 95% of revenue.
Gross margin was 13.4%, down 1.9 points from Q4 2024. Operating profit was $7.8M, a 6.2% margin (down 2.3 points year over year). Operating expenses fell 4% while revenue fell 9%. The quarter ended with a net loss of $16.6M, wider than the previous quarter's $7.4M loss. Minority interests bore $586K of it: to shareholders the quarter was a loss of $16.0M. Net interest and other expense of $22.3M was the main reason.
Operating cash flow was $10.0M (up 71% year over year). Non-cash charges added back $1.6M of depreciation and amortization and $496K of share-based compensation. Working capital and other items added $24.5M. Capital expenditures of $1.3M left free cash flow of $8.8M.
Questions
What was FreightCar America's revenue in the fourth quarter 2025?
FreightCar America (RAIL) reported revenue of $126M for the fourth quarter 2025 (Q4 2025), -9% from a year earlier and -22% from the quarter before.
Was FreightCar America profitable in the fourth quarter 2025?
Operating profit was $7.8M (6.2% of revenue) and net loss $16.6M.
Source: FreightCar America 10-K on SEC EDGAR.