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FreightCar America vs Trinity Industries: revenue, profit, margins and growth compared

FreightCar America brought in $501M of revenue in fiscal 2025, Trinity Industries $2.2B in fiscal 2025. Revenue changed by -10.4% at FreightCar America and -30.0% at Trinity Industries on the year before, so FreightCar America grew faster. FreightCar America kept 7.4% of its revenue as net profit, Trinity Industries 11.7%. Free cash flow was $31.4M at FreightCar America and $314.1M at Trinity Industries.

Side by side, latest fiscal year

RAILTRN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$501M$2.2B
Revenue growth-10.4%-30.0%
Net income$36.9M$253.1M
Net margin7.4%11.7%
Free cash flow$31.4M$314.1M
Free cash flow margin6.3%14.6%
Earnings per share (diluted)$1.09$3.05
Cash$64.3M$201.3M
Debt$107.2Mn/a
Price to earnings6.69.2
Market value$235.4M$2.2B
Dividend yieldn/a4.34%
Rank by revenue in sector#322 of 451 · Industrials#214 of 451 · Industrials

Over the years

Revenue
RAIL FY2018: $316.5MRAIL FY2019: $230MRAIL FY2020: $108.4MRAIL FY2021: $203.1MRAIL FY2022: $364.8MRAIL FY2023: $358.1MRAIL FY2024: $559.4MRAIL FY2025: $501MTRN FY2018: $2.5BTRN FY2019: $2.8BTRN FY2020: $1.7BTRN FY2021: $1.5BTRN FY2022: $2BTRN FY2023: $3BTRN FY2024: $3.1BTRN FY2025: $2.2BFY18FY19FY20FY21FY22FY23FY24FY25
RAIL $501MTRN $2.2B
Net income
RAIL FY2018: -$40.6MRAIL FY2019: -$75.2MRAIL FY2020: -$84.4MRAIL FY2021: -$41.4MRAIL FY2022: -$38.8MRAIL FY2023: -$33.6MRAIL FY2024: -$96MRAIL FY2025: $36.9MTRN FY2018: $159.3MTRN FY2019: $137.6MTRN FY2020: -$147.3MTRN FY2021: $182MTRN FY2022: $60.1MTRN FY2023: $106MTRN FY2024: $138.4MTRN FY2025: $253.1MFY18FY19FY20FY21FY22FY23FY24FY25
RAIL $36.9MTRN $253.1M
Net margin
RAIL FY2018: -12.8%RAIL FY2019: -32.7%RAIL FY2020: -77.9%RAIL FY2021: -20.4%RAIL FY2022: -10.7%RAIL FY2023: -9.4%RAIL FY2024: -17.2%RAIL FY2025: 7.4%TRN FY2018: 6.3%TRN FY2019: 5.0%TRN FY2020: -8.4%TRN FY2021: 12.0%TRN FY2022: 3.0%TRN FY2023: 3.6%TRN FY2024: 4.5%TRN FY2025: 11.7%FY18FY19FY20FY21FY22FY23FY24FY25
RAIL 7.4%TRN 11.7%
Revenue growth
RAIL FY2019: -27.3%RAIL FY2020: -52.8%RAIL FY2021: +87.2%RAIL FY2022: +79.6%RAIL FY2023: -1.8%RAIL FY2024: +56.2%RAIL FY2025: -10.4%TRN FY2019: +9.7%TRN FY2020: -36.4%TRN FY2021: -13.4%TRN FY2022: +30.4%TRN FY2023: +50.9%TRN FY2024: +3.2%TRN FY2025: -30.0%FY19FY20FY21FY22FY23FY24FY25
RAIL -10.4%TRN -30.0%
Free cash flow
RAIL FY2018: -$33.8MRAIL FY2019: -$24.6MRAIL FY2020: -$68.8MRAIL FY2021: -$57.7MRAIL FY2022: $3.7MRAIL FY2023: -$8MRAIL FY2024: $39.9MRAIL FY2025: $31.4MTRN FY2018: $341.8MTRN FY2019: $305.6MTRN FY2020: $555.8MTRN FY2021: $588.2MTRN FY2022: -$50.8MTRN FY2023: $254.3MTRN FY2024: $520MTRN FY2025: $314.1MFY18FY19FY20FY21FY22FY23FY24FY25
RAIL $31.4MTRN $314.1M

Fiscal years as each company reports them; the two may end in different months.

Questions about FreightCar America and Trinity Industries

Which is bigger by revenue, FreightCar America or Trinity Industries?

Trinity Industries is bigger by revenue: $2.2B in fiscal 2025, against $501M for FreightCar America in fiscal 2025.

Which keeps more of its revenue as profit, FreightCar America or Trinity Industries?

FreightCar America had a net margin of 7.4% in fiscal 2025; Trinity Industries had 11.7% in fiscal 2025.

Which grew revenue faster, FreightCar America or Trinity Industries?

In their latest fiscal years revenue changed by -10.4% at FreightCar America and -30.0% at Trinity Industries.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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