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Side-by-side financial comparison of FreightCar America, Inc. (RAIL) and RCI HOSPITALITY HOLDINGS, INC. (RICK). Click either name above to swap in a different company.

FreightCar America, Inc. is the larger business by last-quarter revenue ($125.5M vs $70.9M, roughly 1.8× RCI HOSPITALITY HOLDINGS, INC.). RCI HOSPITALITY HOLDINGS, INC. runs the higher net margin — -7.8% vs -13.2%, a 5.5% gap on every dollar of revenue. On growth, RCI HOSPITALITY HOLDINGS, INC. posted the faster year-over-year revenue change (-3.1% vs -8.8%). RCI HOSPITALITY HOLDINGS, INC. produced more free cash flow last quarter ($11.5M vs $8.8M). Over the past eight quarters, RCI HOSPITALITY HOLDINGS, INC.'s revenue compounded faster (-2.0% CAGR vs -11.7%).

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.

RCI Hospitality Holdings, Inc., through its subsidiaries, operates strip clubs, nightclubs, sports bars/restaurants, and a media and convention company that serves the adult club industry. RCI went public with an IPO in 1995 is listed on The NASDAQ Global Market under the symbol RICK.

RAIL vs RICK — Head-to-Head

Bigger by revenue
RAIL
RAIL
1.8× larger
RAIL
$125.5M
$70.9M
RICK
Growing faster (revenue YoY)
RICK
RICK
+5.7% gap
RICK
-3.1%
-8.8%
RAIL
Higher net margin
RICK
RICK
5.5% more per $
RICK
-7.8%
-13.2%
RAIL
More free cash flow
RICK
RICK
$2.7M more FCF
RICK
$11.5M
$8.8M
RAIL
Faster 2-yr revenue CAGR
RICK
RICK
Annualised
RICK
-2.0%
-11.7%
RAIL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RAIL
RAIL
RICK
RICK
Revenue
$125.5M
$70.9M
Net Profit
$-16.6M
$-5.5M
Gross Margin
13.4%
Operating Margin
6.2%
-0.7%
Net Margin
-13.2%
-7.8%
Revenue YoY
-8.8%
-3.1%
Net Profit YoY
-147.9%
-2354.9%
EPS (diluted)
$-0.54
$-0.60

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
RAIL
RAIL
RICK
RICK
Q4 25
$125.5M
Q3 25
$160.4M
$70.9M
Q2 25
$118.5M
$71.1M
Q1 25
$96.2M
$65.9M
Q4 24
$137.6M
$71.5M
Q3 24
$113.2M
$73.2M
Q2 24
$146.0M
$76.2M
Q1 24
$160.9M
$72.3M
Net Profit
RAIL
RAIL
RICK
RICK
Q4 25
$-16.6M
Q3 25
$-7.4M
$-5.5M
Q2 25
$11.7M
$4.1M
Q1 25
$50.4M
$3.2M
Q4 24
$34.6M
$9.0M
Q3 24
$-107.0M
$244.0K
Q2 24
$8.2M
$-5.2M
Q1 24
$-11.6M
$774.0K
Gross Margin
RAIL
RAIL
RICK
RICK
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
RAIL
RAIL
RICK
RICK
Q4 25
6.2%
Q3 25
9.1%
-0.7%
Q2 25
6.5%
12.2%
Q1 25
4.0%
12.4%
Q4 24
8.5%
19.5%
Q3 24
7.6%
4.8%
Q2 24
9.0%
-3.3%
Q1 24
2.4%
6.4%
Net Margin
RAIL
RAIL
RICK
RICK
Q4 25
-13.2%
Q3 25
-4.6%
-7.8%
Q2 25
9.9%
5.7%
Q1 25
52.4%
4.9%
Q4 24
25.2%
12.6%
Q3 24
-94.6%
0.3%
Q2 24
5.6%
-6.9%
Q1 24
-7.2%
1.1%
EPS (diluted)
RAIL
RAIL
RICK
RICK
Q4 25
$-0.54
Q3 25
$-0.23
$-0.60
Q2 25
$0.34
$0.46
Q1 25
$1.52
$0.36
Q4 24
$0.88
$1.01
Q3 24
$-3.57
$0.04
Q2 24
$0.11
$-0.56
Q1 24
$-0.54
$0.08

Balance Sheet & Financial Strength

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

Metric
RAIL
RAIL
RICK
RICK
Cash + ST InvestmentsLiquidity on hand
$33.7M
Total DebtLower is stronger
$107.2M
$238.2M
Stockholders' EquityBook value
$-107.4M
$261.1M
Total Assets
$290.0M
$596.9M
Debt / EquityLower = less leverage
0.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RAIL
RAIL
RICK
RICK
Q4 25
Q3 25
$33.7M
Q2 25
$29.3M
Q1 25
$32.7M
Q4 24
$34.7M
Q3 24
$32.4M
Q2 24
$34.9M
Q1 24
$20.0M
Total Debt
RAIL
RAIL
RICK
RICK
Q4 25
$107.2M
Q3 25
$107.6M
$238.2M
Q2 25
$107.9M
$243.8M
Q1 25
$108.2M
$244.1M
Q4 24
$108.4M
Q3 24
$241.1M
Q2 24
Q1 24
Stockholders' Equity
RAIL
RAIL
RICK
RICK
Q4 25
$-107.4M
Q3 25
$-90.9M
$261.1M
Q2 25
$-83.5M
$269.5M
Q1 25
$-97.4M
$268.8M
Q4 24
$-150.3M
$269.0M
Q3 24
$-156.3M
$263.4M
Q2 24
$-48.8M
$271.2M
Q1 24
$-57.0M
$285.8M
Total Assets
RAIL
RAIL
RICK
RICK
Q4 25
$290.0M
Q3 25
$340.8M
$596.9M
Q2 25
$328.1M
$597.4M
Q1 25
$250.5M
$589.8M
Q4 24
$224.2M
$586.2M
Q3 24
$245.9M
$584.4M
Q2 24
$207.2M
$601.0M
Q1 24
$248.7M
$609.9M
Debt / Equity
RAIL
RAIL
RICK
RICK
Q4 25
Q3 25
0.91×
Q2 25
0.90×
Q1 25
0.91×
Q4 24
Q3 24
0.92×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
RAIL
RAIL
RICK
RICK
Operating Cash FlowLast quarter
$10.0M
$13.7M
Free Cash FlowOCF − Capex
$8.8M
$11.5M
FCF MarginFCF / Revenue
7.0%
16.2%
Capex IntensityCapex / Revenue
1.0%
3.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$31.4M
$34.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RAIL
RAIL
RICK
RICK
Q4 25
$10.0M
Q3 25
$3.4M
$13.7M
Q2 25
$8.5M
$13.8M
Q1 25
$12.8M
$8.5M
Q4 24
$5.9M
$13.3M
Q3 24
$7.2M
$15.7M
Q2 24
$57.2M
$15.8M
Q1 24
$-25.3M
$10.8M
Free Cash Flow
RAIL
RAIL
RICK
RICK
Q4 25
$8.8M
Q3 25
$2.2M
$11.5M
Q2 25
$7.9M
$10.1M
Q1 25
$12.5M
$5.7M
Q4 24
$4.6M
$7.6M
Q3 24
$5.7M
$10.3M
Q2 24
$55.9M
$9.3M
Q1 24
$-26.3M
$3.2M
FCF Margin
RAIL
RAIL
RICK
RICK
Q4 25
7.0%
Q3 25
1.4%
16.2%
Q2 25
6.7%
14.2%
Q1 25
13.0%
8.6%
Q4 24
3.3%
10.6%
Q3 24
5.0%
14.0%
Q2 24
38.3%
12.3%
Q1 24
-16.3%
4.4%
Capex Intensity
RAIL
RAIL
RICK
RICK
Q4 25
1.0%
Q3 25
0.7%
3.2%
Q2 25
0.5%
5.2%
Q1 25
0.3%
4.3%
Q4 24
0.9%
8.0%
Q3 24
1.3%
7.3%
Q2 24
0.9%
8.4%
Q1 24
0.6%
10.6%
Cash Conversion
RAIL
RAIL
RICK
RICK
Q4 25
Q3 25
Q2 25
0.73×
3.40×
Q1 25
0.25×
2.65×
Q4 24
0.17×
1.48×
Q3 24
64.14×
Q2 24
6.99×
Q1 24
14.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RAIL
RAIL

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

RICK
RICK

Transferred At Point In Time$60.8M86%
Food And Merchandise$10.4M15%

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