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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 …
Operating margin is thin at 6.77%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 10.4% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 21% versus the prior year, cash generation momentum has weakened. ROIC dropped from 26.79% to 17.18%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$469M
▼ -10.4% YoY
Net Income (TTM)
$29M
▲ +138.4% YoY
Op. Margin
6.28%
ROIC
15.44%
▼ -9.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$14M
▼ -21.3% YoY
Op. Cash Flow (TTM)
$18M
▼ -22.6% YoY
Net Debt
$93M
Cash & Equiv.
$53M
5Y CAGR: +35.8%
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