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Side-by-side financial comparison of COHEN & STEERS, INC. (CNS) and FreightCar America, Inc. (RAIL). Click either name above to swap in a different company.

COHEN & STEERS, INC. is the larger business by last-quarter revenue ($143.8M vs $125.5M, roughly 1.1× FreightCar America, Inc.). COHEN & STEERS, INC. runs the higher net margin — 24.3% vs -13.2%, a 37.5% gap on every dollar of revenue. On growth, COHEN & STEERS, INC. posted the faster year-over-year revenue change (2.9% vs -8.8%). FreightCar America, Inc. produced more free cash flow last quarter ($8.8M vs $-126.4M). Over the past eight quarters, COHEN & STEERS, INC.'s revenue compounded faster (8.3% CAGR vs -11.7%).

Cohen & Steers is an American investment management company. It focuses on investments in real estate securities via real estate investment trusts (REIT) and alternative income via preferred securities.

FreightCar America, Inc. is a manufacturer of freight cars for the railway industry. The company employs around 2,000 people, most of them at its 700,000 square foot manufacturing facility in Castaños, Mexico. In addition to the manufacturing facility, the company maintains a headquarters in Chicago and an engineering and parts facility in Johnstown, Pennsylvania.

CNS vs RAIL — Head-to-Head

Bigger by revenue
CNS
CNS
1.1× larger
CNS
$143.8M
$125.5M
RAIL
Growing faster (revenue YoY)
CNS
CNS
+11.7% gap
CNS
2.9%
-8.8%
RAIL
Higher net margin
CNS
CNS
37.5% more per $
CNS
24.3%
-13.2%
RAIL
More free cash flow
RAIL
RAIL
$135.2M more FCF
RAIL
$8.8M
$-126.4M
CNS
Faster 2-yr revenue CAGR
CNS
CNS
Annualised
CNS
8.3%
-11.7%
RAIL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CNS
CNS
RAIL
RAIL
Revenue
$143.8M
$125.5M
Net Profit
$34.9M
$-16.6M
Gross Margin
13.4%
Operating Margin
28.0%
6.2%
Net Margin
24.3%
-13.2%
Revenue YoY
2.9%
-8.8%
Net Profit YoY
-23.9%
-147.9%
EPS (diluted)
$0.67
$-0.54

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CNS
CNS
RAIL
RAIL
Q4 25
$143.8M
$125.5M
Q3 25
$141.7M
$160.4M
Q2 25
$136.1M
$118.5M
Q1 25
$134.5M
$96.2M
Q4 24
$139.8M
$137.6M
Q3 24
$133.2M
$113.2M
Q2 24
$121.7M
$146.0M
Q1 24
$122.7M
$160.9M
Net Profit
CNS
CNS
RAIL
RAIL
Q4 25
$34.9M
$-16.6M
Q3 25
$41.7M
$-7.4M
Q2 25
$36.8M
$11.7M
Q1 25
$39.8M
$50.4M
Q4 24
$45.8M
$34.6M
Q3 24
$39.7M
$-107.0M
Q2 24
$31.8M
$8.2M
Q1 24
$34.0M
$-11.6M
Gross Margin
CNS
CNS
RAIL
RAIL
Q4 25
13.4%
Q3 25
15.1%
Q2 25
15.0%
Q1 25
15.0%
Q4 24
15.3%
Q3 24
14.3%
Q2 24
12.6%
Q1 24
7.1%
Operating Margin
CNS
CNS
RAIL
RAIL
Q4 25
28.0%
6.2%
Q3 25
34.5%
9.1%
Q2 25
31.8%
6.5%
Q1 25
33.6%
4.0%
Q4 24
35.3%
8.5%
Q3 24
33.7%
7.6%
Q2 24
31.5%
9.0%
Q1 24
32.8%
2.4%
Net Margin
CNS
CNS
RAIL
RAIL
Q4 25
24.3%
-13.2%
Q3 25
29.4%
-4.6%
Q2 25
27.1%
9.9%
Q1 25
29.6%
52.4%
Q4 24
32.8%
25.2%
Q3 24
29.8%
-94.6%
Q2 24
26.1%
5.6%
Q1 24
27.7%
-7.2%
EPS (diluted)
CNS
CNS
RAIL
RAIL
Q4 25
$0.67
$-0.54
Q3 25
$0.81
$-0.23
Q2 25
$0.72
$0.34
Q1 25
$0.77
$1.52
Q4 24
$0.89
$0.88
Q3 24
$0.77
$-3.57
Q2 24
$0.63
$0.11
Q1 24
$0.68
$-0.54

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CNS
CNS
RAIL
RAIL
Cash + ST InvestmentsLiquidity on hand
$145.5M
Total DebtLower is stronger
$107.2M
Stockholders' EquityBook value
$562.0M
$-107.4M
Total Assets
$876.7M
$290.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNS
CNS
RAIL
RAIL
Q4 25
$145.5M
Q3 25
$98.1M
Q2 25
$95.4M
Q1 25
$65.2M
Q4 24
$183.0M
Q3 24
$106.5M
Q2 24
$122.0M
Q1 24
$99.5M
Total Debt
CNS
CNS
RAIL
RAIL
Q4 25
$107.2M
Q3 25
$107.6M
Q2 25
$107.9M
Q1 25
$108.2M
Q4 24
$108.4M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CNS
CNS
RAIL
RAIL
Q4 25
$562.0M
$-107.4M
Q3 25
$550.3M
$-90.9M
Q2 25
$528.5M
$-83.5M
Q1 25
$507.7M
$-97.4M
Q4 24
$511.7M
$-150.3M
Q3 24
$491.0M
$-156.3M
Q2 24
$463.2M
$-48.8M
Q1 24
$378.9M
$-57.0M
Total Assets
CNS
CNS
RAIL
RAIL
Q4 25
$876.7M
$290.0M
Q3 25
$801.6M
$340.8M
Q2 25
$751.0M
$328.1M
Q1 25
$834.9M
$250.5M
Q4 24
$812.4M
$224.2M
Q3 24
$727.8M
$245.9M
Q2 24
$784.1M
$207.2M
Q1 24
$680.7M
$248.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CNS
CNS
RAIL
RAIL
Operating Cash FlowLast quarter
$-120.4M
$10.0M
Free Cash FlowOCF − Capex
$-126.4M
$8.8M
FCF MarginFCF / Revenue
-87.9%
7.0%
Capex IntensityCapex / Revenue
4.2%
1.0%
Cash ConversionOCF / Net Profit
-3.45×
TTM Free Cash FlowTrailing 4 quarters
$-253.6M
$31.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNS
CNS
RAIL
RAIL
Q4 25
$-120.4M
$10.0M
Q3 25
$55.1M
$3.4M
Q2 25
$-67.6M
$8.5M
Q1 25
$-108.9M
$12.8M
Q4 24
$96.7M
$5.9M
Q3 24
$25.6M
$7.2M
Q2 24
$31.4M
$57.2M
Q1 24
$4.9M
$-25.3M
Free Cash Flow
CNS
CNS
RAIL
RAIL
Q4 25
$-126.4M
$8.8M
Q3 25
$52.6M
$2.2M
Q2 25
$-69.8M
$7.9M
Q1 25
$-110.0M
$12.5M
Q4 24
$85.0M
$4.6M
Q3 24
$24.2M
$5.7M
Q2 24
$27.1M
$55.9M
Q1 24
$537.0K
$-26.3M
FCF Margin
CNS
CNS
RAIL
RAIL
Q4 25
-87.9%
7.0%
Q3 25
37.1%
1.4%
Q2 25
-51.3%
6.7%
Q1 25
-81.8%
13.0%
Q4 24
60.8%
3.3%
Q3 24
18.2%
5.0%
Q2 24
22.3%
38.3%
Q1 24
0.4%
-16.3%
Capex Intensity
CNS
CNS
RAIL
RAIL
Q4 25
4.2%
1.0%
Q3 25
1.8%
0.7%
Q2 25
1.6%
0.5%
Q1 25
0.8%
0.3%
Q4 24
8.3%
0.9%
Q3 24
1.1%
1.3%
Q2 24
3.5%
0.9%
Q1 24
3.5%
0.6%
Cash Conversion
CNS
CNS
RAIL
RAIL
Q4 25
-3.45×
Q3 25
1.32×
Q2 25
-1.84×
0.73×
Q1 25
-2.74×
0.25×
Q4 24
2.11×
0.17×
Q3 24
0.65×
Q2 24
0.99×
6.99×
Q1 24
0.14×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CNS
CNS

Segment breakdown not available.

RAIL
RAIL

Railcar Sales$118.9M95%
Aftermarket Sales$6.6M5%

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