May 2026
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Largest Rail Infrastructure Public Companies in the US
Benchmark revenue and EBITDA valuation multiples for public comps like
FTAI Infrastructure, FreightCar America and United Rail.
 | FTAI Infrastructure Inc is engaged in five segments; Railroad segment includes five freight railroads and one switching company that provide rail service to certain manufacturing and production facilities, the Jefferson Terminal segment consists of a multi-modal crude oil and refined products terminal and other related assets. Repauno segment consists of a 1,630-acre deep-water port located along the Delaware River with an underground storage cavern, a new multipurpose dock, a rail-to-ship transloading system, and multiple industrial development opportunities. Power and Gas segment is comprised of an equity method investment in Long Ridge, and Sustainability and Energy Transition segment is comprised of Aleon/Gladieux, Clean Planet, and CarbonFree. | $5 | -26% | $533M | $6B | 11.0x | 18.3x | ||
| FreightCar America Inc is a manufacturer of railcars and components, serving diverse transportation needs in North America. The company designs and produces a wide range of railcar types, including box cars, hoppers, covered hoppers, gondolas, and flat cars for both intermodal and non-intermodal freight. The company has two segments: The Manufacturing segment encompasses new railcar manufacturing, used railcar sales, leasing, and rebuilds, while the Aftermarket segment includes the selling of forged, cast and fabricated railcar parts and supplies for all railcar types, and provides aftermarket services including safety training, railcar inspections, and preventative maintenance. The company's revenue is predominantly derived from its Manufacturing segment. | $8 | 0% | $151M | $244M | 0.5x | 5.4x | ||
| United Rail Inc is engaged in passenger rail transportation. It is a rail resource management company catering to independent rail operators in the passenger rail excursion and short line freight business. | Railways+1 | $0 | -- | $0K | $0K | — | — | |
| Median | $5 | -13% | $151M | $244M | 5.7x | 11.9x |
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