FreightCar America, Inc.
RAIL · Railroad Equipment · 19.1M shares · +23%/yr ↑ shares · EDGAR filings ↗
Reference price $8.59 · est. market cap ~$164M — last insider sale, 2025-06-24 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C62Diversified railcar manufacturer that improved profitability on favorable mix but faces declining revenue, a shrinking backlog and thin gross margins.
Strengths
- Operating margin 6.8% (64th pct) and positive FCF (56th pct) with gross margin up to 14.6% on favorable mix
- Broad product portfolio and aftermarket growth, plus conversion/rebody capabilities
Risks
- Revenue down 10.2% (13th pct) with backlog falling from 2,797 to 1,926 cars ($137M)
- Low gross margin (13th pct) and heavy customer concentration (78% financial institutions)
- Rising corporate SG&A and cyclical, lumpy order patterns
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Chronic dilutionShare count +23%/yr over 4y (dilution)
- Revenue declineRevenue -48.8% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
14.6%
Operating margin
6.8%
Net margin
7.6%
Return on assets
13.1%
Revenue growth (QoQ)
-48.8%
Current ratio
1.9×
Free cash flow
$31M
EBITDA
$40M
Stock comp / revenue
0.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-10 | Pickard Bradley J | Grant | 8.2K | $8.16 |
| 2026-04-10 | De Nigris Felan Jose | Grant | 9.0K | $8.93 |
| 2026-04-10 | Kelly Travis D | Grant | 9.0K | $8.93 |
| 2026-04-10 | Gil Benavides Jesus Salvador | Grant | 9.0K | $8.93 |
| 2026-04-10 | Meyer James R | Grant | 9.0K | $8.93 |
| 2026-04-10 | MOORE MALCOLM F | Grant | 9.0K | $8.93 |
| 2026-04-10 | Arnold Elizabeth K | Grant | 9.0K | $8.93 |
| 2026-04-10 | Boehm Rodger L | Grant | 9.0K | $8.93 |
| 2026-01-06 | Tonn W Matthew | Tax withheld | 12K | $10.76 |
| 2026-01-06 | Riordan Michael Anthony | Tax withheld | 11K | $10.76 |
| 2026-01-06 | Fuentes Sierra Juan Carlos | Tax withheld | 5.3K | $10.76 |
| 2025-06-24 | Perez Celia | Sell | 8.0K | $8.59 |
| 2025-06-11 | Perez Celia | Option exercise | 7.8K | $3.22 |
| 2025-06-11 | Perez Celia | Option exercise | 4.8K | $2.73 |
| 2025-06-11 | Perez Celia | Tax withheld | 7.6K | $8.59 |
| 2025-06-04 | Perez Celia | Option exercise | 9.1K | $4.48 |
| 2025-06-04 | Perez Celia | Tax withheld | 6.5K | $8.27 |
| 2025-05-14 | Gil Benavides Jesus Salvador | Grant | 10K | $7.17 |
| 2025-05-14 | Meyer James R | Grant | 10K | $7.17 |
| 2025-05-14 | Kelly Travis D | Grant | 10K | $7.17 |
| 2025-05-14 | Boehm Rodger L | Grant | 10K | $7.17 |
| 2025-05-14 | De Nigris Felan Jose | Grant | 10K | $7.17 |
| 2025-05-14 | MOORE MALCOLM F | Grant | 10K | $7.17 |
| 2025-05-14 | Arnold Elizabeth K | Grant | 10K | $7.17 |
| 2025-05-14 | Gil Benavides Alejandro | Buy | 500 | $7.26 |
| 2025-05-13 | Gil Benavides Alejandro | Buy | 2.5K | $7.02 |
| 2025-03-21 | Riordan Michael Anthony | Tax withheld | 18K | $6.38 |
| 2025-03-11 | Fuentes Sierra Juan Carlos | Tax withheld | 4.3K | $6.43 |
| 2025-01-17 | Tonn W Matthew | Tax withheld | 15K | $12.37 |
| 2025-01-09 | Randall Nicholas J | Grant | 46K | — |
| 2025-01-09 | Perez Celia | Grant | 7.7K | — |
| 2025-01-09 | Tonn W Matthew | Grant | 19K | — |
| 2025-01-09 | Riordan Michael Anthony | Grant | 19K | — |
| 2025-01-09 | Fuentes Sierra Juan Carlos | Grant | 6.6K | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (1)
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-16 | Exec/director changeExhibits | filing ↗ |
| 2026-05-04 | Results | filing ↗ |
| 2026-04-15 | Shareholder vote | filing ↗ |
| 2026-03-09 | ResultsExhibits | filing ↗ |
| 2026-03-04 | Other | filing ↗ |
| 2025-11-10 | ResultsExhibits | filing ↗ |
| 2025-09-16 | Exec/director changeExhibits | filing ↗ |
| 2025-09-08 | Material agreement3.035.03OtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-16 | 2026-06-16 | 0001193125-26-271811 ↗ |
| 8-K | 2026-05-04 | 2026-05-04 | 0001320854-26-000009 ↗ |
| 10-Q | 2026-05-04 | 2026-03-31 | 0001320854-26-000010 ↗ |
| 8-K | 2026-04-15 | 2026-04-10 | 0001320854-26-000002 ↗ |
| 10-K | 2026-03-09 | 2025-12-31 | 0001193125-26-098668 ↗ |
| 8-K | 2026-03-09 | 2026-03-09 | 0001193125-26-098650 ↗ |
| 8-K | 2026-03-04 | 2026-03-04 | 0001193125-26-091522 ↗ |
| 10-Q | 2025-11-10 | 2025-09-30 | 0001193125-25-273281 ↗ |
| 8-K | 2025-11-10 | 2025-11-10 | 0001193125-25-273271 ↗ |
| 8-K | 2025-09-16 | 2025-09-11 | 0001213900-25-088168 ↗ |
| 8-K | 2025-09-08 | 2025-09-02 | 0001213900-25-085543 ↗ |
| 10-Q | 2025-08-04 | 2025-06-30 | 0000950170-25-102028 ↗ |