GATX Corporation (GATX) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$2.28	$2.35	+3.1%	—	—	—
Q2 26	$2.42	$2.44	+0.8%	—	—	—
Q1 26	$2.01	$2.06	+2.5%	—	—	—
Q4 25	$2.09	$2.15	+2.9%	—	—	—
Q3 25	$1.71	$1.93	+12.9%	—	—	—
Q2 25	$1.96	$2.5	+27.6%	—	—	—
Q1 25	$1.78	$1.43	-19.7%	—	—	—
Q4 24	$1.76	$2.01	+14.2%	—	—	—
Q3 24	$1.58	$1.74	+10.1%	—	—	—
Q2 24	$1.47	$1.44	-2.0%	—	—	—
Q1 24	$1.66	$1.73	+4.2%	—	—	—
Q4 23	$1.71	$2.2	+28.7%	—	—	—
Q3 23	$1.44	$1.54	+6.9%	—	—	—
Q2 23	$1.21	$1.12	-7.4%	—	—	—
Q1 23	$1.14	$1.07	-6.1%	—	—	—
Q4 22	$1.39	$2.34	+68.3%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$9.14	—	—	$1.7B	—
FY24	—	$7.8	—	—	$1.6B	—
FY23	—	$7.13	—	—	$1.4B	—
FY22	—	$4.41	—	—	$1.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.4B	$1.4B	$1.2B	$1.2B	$1.2B	$1.3B	$1.3B	$1.4B	$1.6B	$1.7B
YoY change	-2.18%	-2.92%	-14.7%	+2.3%	+0.59%	+3.99%	+1.24%	+10.8%	+12.4%	+9.77%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.4B	1.4B	1.2B	1.2B	1.2B	1.3B	1.3B	1.4B	1.6B	1.7B
Cost of revenue	832.5M	829.1M	676.9M	709M	715M	718.2M	700.4M	763.6M	817.9M	888.4M
Gross profit	585.8M	547.8M	498.2M	493.1M	494.2M	539.2M	572.6M	647.3M	767.6M	852M
Gross margin	41.3%	39.8%	42.4%	41%	40.9%	42.9%	45%	45.9%	48.4%	49%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	169M	180M	182.5M	180.4M	172M	198.3M	195M	212.7M	236.3M	252.6M
Operating expenses	212.8M	214.4M	215.6M	211.7M	207.3M	242.3M	232.4M	259.3M	294M	317.9M
Operating income	373M	333.4M	282.6M	281.4M	286.9M	296.9M	340.2M	388M	473.6M	534.1M
Operating margin	26.3%	24.2%	24%	23.4%	23.7%	23.6%	26.7%	27.5%	29.9%	30.7%
Non-operating income, net	80.5M	41.5M	51M	44.3M	28.7M	102.2M	50.9M	120.9M	128.8M	136.5M
Pretax income	305.4M	214.4M	170.7M	145.2M	125.3M	195.1M	177.1M	245.5M	261.4M	279.1M
Income tax	95.7M	-243.7M	30.5M	40.9M	37.3M	53.2M	54.8M	58.7M	60M	63.1M
Net income	257.1M	502M	211.3M	211.2M	151.3M	143.1M	155.9M	259.2M	284.2M	333.3M
Net margin	18.1%	36.5%	18%	17.6%	12.5%	11.4%	12.2%	18.4%	17.9%	19.2%
EBITDA	665.7M	643.5M	588.2M	606.8M	616.7M	671.6M	684.5M	770.7M	885.5M	986M
EPS	6.35	12.9	5.62	5.92	4.33	4.04	4.41	7.13	7.8	9.14
Diluted EPS	6.29	12.8	5.52	5.81	4.27	3.98	4.35	7.12	7.78	9.12

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Revenue	343.2M	360.1M	368.7M	379.9M	386.7M	405.4M	413.5M	421.6M	430.5M	439.3M	449M	583.7M
Cost of revenue	185.8M	194.1M	199M	196.4M	204.1M	207.3M	210.1M	214.7M	218.5M	229.1M	226.1M	317.3M
Gross profit	157.4M	166M	169.7M	183.5M	182.6M	198.1M	203.4M	206.9M	212M	210.2M	222.9M	266.4M
Gross margin	45.9%	46.1%	46%	48.3%	47.2%	48.9%	49.2%	49.1%	49.2%	47.8%	49.6%	45.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	52M	51M	59.3M	55.9M	58.6M	57.2M	64.6M	56.6M	58.2M	66.2M	71.6M	71.3M
Operating expenses	63M	63M	71.9M	69.5M	72.4M	71.3M	80.8M	72.6M	74.7M	83M	87.6M	93.1M
Operating income	94.4M	103M	97.8M	114M	110.2M	126.8M	122.6M	134.3M	137.3M	127.2M	135.3M	173.3M
Operating margin	27.5%	28.6%	26.5%	30%	28.5%	31.3%	29.6%	31.9%	31.9%	29%	30.1%	29.7%
Non-operating income, net	36.2M	18.7M	22.9M	37M	14.8M	47.6M	29.4M	30.7M	39.4M	29.6M	36.8M	57.2M
Pretax income	66.9M	53.6M	48.1M	73.2M	42.2M	85.5M	60.5M	70.1M	80.5M	58.6M	69.9M	79.5M
Income tax	17.6M	14.5M	6.4M	18.6M	10.4M	22.9M	8.1M	16.6M	21M	16.4M	9.1M	21.2M
Net income	63.3M	52.5M	66M	74.3M	44.4M	89M	76.5M	78.6M	75.5M	82.2M	97M	79.1M
Net margin	18.4%	14.6%	17.9%	19.6%	11.5%	22%	18.5%	18.6%	17.5%	18.7%	21.6%	13.6%
EBITDA	185.6M	204.9M	197.8M	215.4M	202.6M	233.9M	233.6M	240.2M	248.2M	248.1M	249.5M	354.2M
EPS	1.74	1.44	1.82	2.04	1.22	2.44	2.1	2.15	2.07	2.25	2.67	2.35
Diluted EPS	1.74	1.44	1.81	2.03	1.21	2.43	2.1	2.15	2.06	2.25	2.66	2.35

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.5B	2.4B	2.7B	3B	2.9B	3.7B	3.8B	4.3B	5.5B	6.1B	6.4B
Enterprise value	6.5B	6.5B	7.1B	8B	8.4B	9.5B	10B	11.5B	13.6B	18B	19B
Shares outstanding	40.5M	38.8M	37.6M	35.7M	35M	35.4M	35.4M	35.7M	35.8M	35.8M	35.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	9.7	4.8	12.6	14	19.2	25.8	24.1	16.6	19.5	18.2	18.1
P/S	1.76	1.75	2.27	2.46	2.41	2.93	2.96	3.04	3.5	3.49	3.15
P/B	1.85	1.35	1.49	1.61	1.49	1.83	1.85	1.89	2.27	1.67	2.32
EV/EBITDA	9.74	10.1	12.1	13.3	13.5	14.2	14.6	14.9	15.3	18.3	16
EV/Sales	4.57	4.73	6.06	6.69	6.91	7.58	7.87	8.13	8.55	10.4	9.27
Earnings yield	10.3%	20.8%	7.94%	7.14%	5.2%	3.88%	4.14%	6.04%	5.12%	5.49%	5.52%
FCF yield	-3.34%	-7.54%	-17.7%	-8.83%	-14.6%	-16.9%	-19.2%	-26.7%	10.9%	10.7%	-77.1%
PEG	—	—	—	—	—	—	—	—	—	—	1.95

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	41.3%	39.8%	42.4%	41%	40.9%	42.9%	45%	45.9%	48.4%	49%	45.6%
Operating margin	26.3%	24.2%	24%	23.4%	23.7%	23.6%	26.7%	27.5%	29.9%	30.7%	27.8%
Net margin	18.1%	36.5%	18%	17.6%	12.5%	11.4%	12.2%	18.4%	17.9%	19.2%	17.9%
ROE	19.1%	28%	11.8%	11.5%	7.73%	7.09%	7.68%	11.4%	11.7%	9.17%	11.8%
ROA	3.62%	6.76%	2.77%	2.55%	1.69%	1.5%	1.55%	2.29%	2.31%	1.85%	2.45%
ROIC	4.8%	5.66%	3.72%	2.92%	2.72%	2.74%	2.84%	3.12%	3.49%	2.65%	2.82%
Return on tangible assets	3.7%	6.92%	2.84%	2.6%	1.75%	1.54%	1.58%	2.34%	2.35%	1.88%	1.89%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	3.89	3.73	1.35	3.3	3.06	2.59	3.31	3.03	3.04	13.5	3.3
Quick ratio	3.6	3.37	1.13	3.01	2.68	2.37	3.04	2.73	2.72	13.2	3.32
Debt / equity	3.19	2.45	2.55	2.85	2.93	3.07	3.3	3.35	3.45	3.49	3.48
Debt / assets	0.6	0.59	0.6	0.63	0.64	0.65	0.67	0.67	0.68	0.7	0.7
Net debt / EBITDA	5.99	6.37	7.58	8.38	8.82	8.71	9.14	9.31	9.04	12.1	10.8
Interest coverage	3.06	2.34	2.05	1.8	1.66	1.96	1.83	1.93	1.77	1.71	1.64
Effective tax rate	31.3%	0%	17.9%	28.2%	29.8%	27.3%	30.9%	23.9%	23%	22.6%	23.5%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	35	35.5	31.3	33.7	34.5	35.5	36	39.5	44.3	48.6	57.5
EPS (basic)	6.35	12.9	5.62	5.92	4.33	4.04	4.41	7.13	7.8	9.14	9.14
EPS (diluted)	6.29	12.8	5.52	5.81	4.27	3.98	4.35	7.12	7.78	9.12	10.1
Book value per share	33.3	46.2	47.6	51.4	55.9	57	57.3	63.7	68.1	101.5	78.9
FCF per share	-2.06	-4.69	-12.5	-7.32	-12.1	-17.6	-20.4	-32.1	16.8	18.1	20.2
Cash per share	7.59	7.64	2.66	4.23	8.35	9.73	12.8	12.6	11.2	20.8	21.4
Capex per share	15.6	15.2	24.5	20.3	24.6	31.9	35.5	46.6	—	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	44.4%	42.7%	78.4%	60.2%	71.2%	89.9%	98.6%	118%	—	—	—
Capex / operating cash flow	97.6%	103.2%	164.3%	129.3%	160.1%	197.2%	217.9%	235.2%	—	—	—
Payout ratio	26.2%	13.6%	32.8%	32.8%	46.9%	51.9%	49.1%	31.1%	29.8%	26.9%	25.1%
Dividend yield	2.7%	2.83%	2.6%	2.34%	2.44%	2.01%	2.03%	1.88%	1.53%	1.48%	1.46%

Yield

1.46%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.66

ex-dividend Sep 15, 2026

Payout ratio

25%

of earnings

Dividend growth

8 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 15, 2026	$0.66
Jun 15, 2026	$0.66
Mar 2, 2026	$0.66

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Revenue	$343.2M	$360.1M	$368.7M	$379.9M	$386.7M	$405.4M	$413.5M	$421.6M	$430.5M	$439.3M	$449M	$583.7M
YoY change	+9.75%	+12.2%	+14.3%	+12.1%	+12.7%	+12.6%	+12.2%	+11%	+11.3%	+8.36%	+8.59%	+38.4%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	307.5M	296.5M	100.2M	151M	292.2M	344.3M	452.2M	450.7M	401.6M	743M
Receivables	85.9M	83.4M	87M	65.9M	74.7M	69.8M	71.4M	87.9M	86.5M	109M
Inventory	51.3M	57.2M	63.7M	59.4M	64.3M	52M	60.2M	74M	71.8M	84M
Total current assets	694.5M	591.4M	388.7M	676.4M	522.8M	606.1M	727.4M	758.3M	691.5M	5.4B
Property, plant & equipment	5.8B	6.2B	6.6B	6.9B	7.6B	8.1B	8.5B	9.7B	10.7B	11.6B
Goodwill & intangibles	156M	171.2M	165.8M	163M	287.4M	246M	234.4M	240M	228.2M	252.6M
Total assets	7.1B	7.4B	7.6B	8.3B	8.9B	9.5B	10.1B	11.3B	12.3B	18B
Accounts payable	—	—	—	—	—	—	—	—	—	—
Short-term debt	3.8M	4.3M	110.8M	15.8M	23.6M	18.1M	17.3M	11M	10.4M	82.2M
Total current liabilities	178.6M	158.6M	288.3M	204.7M	170.9M	233.9M	219.5M	250.6M	227.5M	400.6M
Long-term debt	4.3B	4.4B	4.4B	5.2B	5.7B	6.2B	6.7B	7.6B	8.4B	12.6B
Total liabilities	5.8B	5.6B	5.8B	6.5B	7B	7.5B	8B	9.1B	9.9B	14.4B
Shareholders' equity	1.3B	1.8B	1.8B	1.8B	2B	2B	2B	2.3B	2.4B	3.6B
Total debt	4.3B	4.4B	4.6B	5.2B	5.7B	6.2B	6.7B	7.6B	8.4B	12.7B
Net debt	4B	4.1B	4.5B	5.1B	5.4B	5.8B	6.4B	7.2B	8B	11.9B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Cash & short-term investments	317.5M	0	0	479.1M	823.6M	503.7M	401.6M	757.2M	754.6M	696.1M	743M	740.9M
Receivables	70M	—	—	96.3M	96.9M	93.9M	86.5M	101.4M	108.1M	103.9M	109M	162.7M
Inventory	—	—	—	—	—	—	71.8M	—	—	—	84M	—
Total current assets	519.4M	—	—	708.5M	1B	717.6M	691.5M	974.9M	981.7M	911.8M	5.4B	1.1B
Property, plant & equipment	9.1B	—	—	9.8B	10.1B	10.5B	10.7B	10.9B	11.1B	11.2B	11.6B	15.6B
Goodwill & intangibles	238M	—	—	236M	234.6M	241.8M	228.2M	236.2M	253.2M	252.2M	252.6M	249.2M
Total assets	10.6B	—	—	11.6B	12.2B	12.4B	12.3B	13B	13.2B	13.3B	18B	17.9B
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	10.9M	—	—	10.8M	10.7M	11.1M	10.4M	101.5M	106.1M	117.3M	82.2M	49.7M
Total current liabilities	213.7M	—	—	219M	219.8M	221.2M	227.5M	337.1M	335.4M	356.9M	400.6M	328.4M
Long-term debt	7B	—	—	7.8B	8.4B	8.5B	8.4B	8.8B	8.9B	8.9B	12.6B	12.6B
Total liabilities	8.4B	—	—	9.3B	9.9B	9.9B	9.9B	10.4B	10.5B	10.6B	14.4B	14.3B
Shareholders' equity	2.2B	—	—	2.3B	2.3B	2.4B	2.4B	2.5B	2.7B	2.7B	3.6B	3.7B
Total debt	7B	—	—	7.9B	8.5B	8.5B	8.4B	8.9B	9B	9B	12.7B	12.6B
Net debt	6.7B	—	—	7.4B	7.6B	8B	8B	8.2B	8.3B	8.3B	11.9B	11.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	257.1M	502M	190.5M	180.8M	150.2M	143.1M	155.9M	259.2M	284.2M	333.3M
Depreciation & amortization	310.2M	322.7M	327.3M	332.7M	342.8M	378.4M	371.3M	392.1M	421.4M	452.3M
Stock-based compensation	15.8M	9.9M	16.4M	12.3M	15.6M	17.4M	12.7M	18.3M	23M	25M
Change in working capital	—	—	—	—	—	—	—	—	—	—
Operating cash flow	645.9M	569.6M	560.7M	559.6M	537.7M	573.1M	576.2M	707.9M	774.4M	648.1M
Capital expenditure	-630.3M	-588M	-921M	-723.8M	-860.8M	-1.1B	-1.3B	-1.7B	—	—
Investing cash flow	-406.3M	-428.3M	-660.3M	-447.8M	-904.9M	-917.7M	-1.1B	-1.2B	-1.4B	-1B
Dividends paid	-67.4M	-68.2M	-69.3M	-69.3M	-71M	-74.3M	-76.6M	-80.6M	-84.8M	-89.8M
Share repurchases	-120.1M	-100M	-115.5M	-150M	0	-13.1M	-47.2M	-2.6M	-21.9M	-65M
Financing cash flow	-130.5M	-83.9M	-13.9M	66.9M	355.6M	463.1M	504.4M	844.1M	770.5M	4.9B
Net change in cash	109.1M	57.4M	-113.5M	178.7M	-11.6M	118.5M	7.1M	332.7M	128.2M	4.6B
Free cash flow	-83.4M	-181.8M	-471.6M	-261.2M	-424M	-622.9M	-722.3M	-1.1B	602.1M	648.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Net income	63.3M	52.5M	66M	74.3M	44.4M	89M	76.5M	78.6M	75.5M	82.2M	97M	79.1M
Depreciation & amortization	96.1M	100.1M	102.3M	100.6M	103.2M	108M	109.6M	108.6M	112M	114.4M	117.3M	174.7M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	173.1M	163.5M	167.9M	190.8M	154.8M	215.9M	189.9M	203M	161.3M	218.3M	144.3M	199.1M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	-421.7M	-316M	68.8M	-311.6M	-387.4M	-432.4M	-285.3M	-234.7M	-130.3M	-287.4M	-364.4M	-4.4B
Dividends paid	-19.9M	-19.9M	-19.9M	-22M	-21M	-20.9M	-20.9M	-23.5M	-22.2M	-22.1M	-22M	-25.2M
Share repurchases	0	0	-2.6M	-4.6M	-4.3M	-12.9M	-100K	-1.9M	-15.2M	-1.5M	-46.4M	-3.8M
Financing cash flow	397.2M	61M	484.2M	245M	594.3M	-50.2M	-18.6M	461.6M	-36.2M	10.8M	4.5B	-106M
Net change in cash	148.6M	-91.5M	720.9M	124.2M	361.7M	-266.7M	-114M	429.9M	-5.2M	-58.3M	4.3B	-4.3B
Free cash flow	163.4M	141.7M	-1.5B	97.6M	138.3M	160.2M	206M	124.2M	161.3M	218.3M	144.3M	199.1M

Date	Ratio
Jun 2, 1998	2:1
Jun 4, 1990	2:1

GATX Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history