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GATX Corporation

GATX Industrials Rental & Leasing Services

GATX Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.7 billion, up 9.77% from fiscal 2024.

Revenue
+36.1%
EPS
+30.2%
Free cash flow
+145.4%
Total debt
+34.6%

Quarter to September 2026, against a year earlier

187.41 3.31 −1.74%
Market cap
$6.5B
P/E
17.4×
Fwd P/E
17.8×
Dividend yield
1.38%
F-score
5/9
Altman Z
1.04
Beneish M
−2.62
Dividend safety
45/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Rail North America
  • Rail International
  • Engine Leasing
  • Other

Every year since 2009 →

Insider Decisions last twelve months

Sold, $m 9.04
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — 3 — — — — — 4 1 — 1
Insider Ownership 2.32%

Capital & Financial Ratios $m

Size
Market Cap 6,510.00
Revenue ttm 2,210.80
Net income ttm 394.30
Free cash flow ttm (4,442.50)
Net debt Q 11,548.40
Valuation
P/E 17.35
Forward P/E 17.80
Price / sales 2.99
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.87
Financial health
Current ratio Q 2.38 (at or above 1.5: strong)
Debt / equity Q 3.37 (above 2: weak)
Interest coverage Q 1.34
Growth
Revenue growth Q +36.13% (above 0%: growing)
Operating income growth Q +51.26% (above 0%: growing)
EPS, this year +19.10% (at or above 15%: strong)
EPS, next year A +8.49%
Revenue, next year A +35.20% (at or above 10%: strong)
EPS, past 5 yrs +16.39% (at or above 15%: strong)
EPS, next 5 yrs A +11.53%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 8.3×, against a ten-year median of 7.2×; over the ten years it ranged from 4.0× in 2016 to 9.9× in 2026.
P/E against its own 10 years 50.31%
10-year low 10-year high
P/S against its own 10 years 65.57%
10-year low 10-year high
P/B against its own 10 years 71.40%
10-year low 10-year high
EV/Sales against its own 10 years 83.98%
10-year low 10-year high

Dividends raised every year since 2017

Yield
1.38%
Annual rate
2.59
Payout ratio
24.1%
Growth, 2017–25
+4.78%/yr
  1. 1.68 ’17
  2. 1.76 ’18 +5
  3. 1.84 ’19 +5
  4. 1.92 ’20 +4
  5. 2.00 ’21 +4
  6. 2.08 ’22 +4
  7. 2.20 ’23 +6
  8. 2.32 ’24 +5
  9. 2.44 ’25 +5
  10. 2.66 ’26e +9
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 451 402 4,985 390
Receivables 218 199 207 317
Inventory — — — —
Other — — — —
669 601 5,192 707
2023 2024 2025 Q'26
Payables 240 217 318 298
ST’ Debt — — — —
Other — — — —
240 217 318 298

Compound Annual Growth %

10y 5y 3y
Sales 1.84% 7.55% 10.99%
Cash Flow 1.81% 8.21% 6.70%
Earnings 4.79% 16.72% 28.11%
Book Value 11.00% 13.18% 21.44%

Earnings Trends EPS, adjusted, against the consensus

Q1 FY24 Estimate 1.72 Actual 2.01

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY23 1.61 1.73 Beat by 0.12
Q3 FY23 1.53 1.44 Miss by 0.09
Q4 FY23 1.56 1.74 Beat by 0.18
Q1 FY24 1.72 2.01 Beat by 0.29

EPS $

Mar Jun Sep Dec Year
’26 2.35 2.84 2.92 — —
’25 2.15 2.06 2.25 2.66 9.12
’24 2.03 1.21 2.43 2.10 7.78
’23 2.16 1.74 1.44 1.81 7.12
’22 2.10 0.07 0.81 1.36 4.35
’21 1.02 0.15 1.11 1.69 3.98
’20 1.31 1.11 1.35 0.50 4.27
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 584 580 598 — —
’25 422 431 439 449 1,740
’24 380 387 405 414 1,586
’23 339 343 360 369 1,411
’22 317 313 321 323 1,273
’21 306 317 314 321 1,257
’20 299 301 304 305 1,209
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 199 276 244 — —
’25 124 161 218 144 648
’24 98 138 160 206 602
’23 95 163 142 120 520
’22 100 116 136 181 534
’21 76 122 141 167 507
’20 54 145 103 135 437
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (4,325) 76 65 — —
’25 (187) (58) (143) (259) (647)
’24 (281) (304) (324) (139) (1,047)
’23 (287) (328) (222) (287) (1,124)
’22 (258) (190) (87) (156) (691)
’21 (418) (47) (45) (113) (623)
’20 (120) (72) (130) (102) (424)
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 51.4% a year for ten years.

Implied
51.4%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,418 1,377 1,175 1,202 1,209 1,257 1,273 1,411 1,586 1,740 2,211 +2.3% 2,353 2,393 2,415 +11.5%
Gross margin, % 62.26 62.10 68.89 67.75 68.20 71.86 73.06 72.55 73.79 73.76 74.16 +11.5 pt
EBT 305 214 171 145 125 195 177 246 261 279 350 (1.0%)
EBT margin, % 21.53 15.57 14.53 12.08 10.36 15.52 13.91 17.40 16.49 16.04 15.84 (5.5) pt
Net income 257 502 211 211 151 143 156 259 284 333 394 +2.9%
Per share, $
Per share, $ Revenue 35.02 35.49 31.25 33.67 34.55 35.52 35.96 39.52 44.29 48.61 62.63 +3.7%
Earnings 6.35 12.95 5.62 5.92 4.33 4.04 4.41 7.13 7.80 9.14 10.80 +4.1%
Cash flow 15.54 12.80 12.90 11.93 12.48 14.33 15.07 14.58 16.82 18.10 24.47 +1.7%
Capex (15.56) (15.15) (24.49) (20.27) (24.59) (31.92) (34.60) (46.07) (46.08) (36.17) (150.32) +9.8%
Free cash flow (0.02) (2.35) (11.59) (8.35) (12.11) (17.60) (19.53) (31.50) (29.26) (18.07) (125.85) +110.6%
Book value 33.26 46.20 47.56 51.40 55.93 57.04 57.33 63.67 68.13 101.54 100.24 +13.2%
Shares, m 41 39 38 36 35 35 35 36 36 36 36 (1.4%)
Valuation, ×
Valuation, × P/E 9.62 4.89 12.60 13.97 19.21 25.73 24.40 16.75 19.87 18.56 17.35 16.6
P/S 1.74 1.80 2.27 2.46 2.41 2.93 2.98 3.05 3.50 3.49 2.99 2.7
P/B 1.84 1.39 1.49 1.61 1.49 1.83 1.87 1.89 2.27 1.67 1.87 1.7
EV/Sales 4.54 4.77 6.05 6.70 7.21 7.70 8.13 7.99 8.44 7.89 8.26 6.9
EV/FCF (7,149.49) (72.07) (16.31) (6.64) (20.55) (15.54) (14.98) (10.02) (12.78) (21.22) (4.11) (734.0)
Cash, $m
Cash, $m Operating cash flow 629 497 485 426 437 507 534 520 602 648 864 +0.3%
Capex (630) (588) (921) (724) (861) (1,130) (1,225) (1,645) (1,649) (1,295) (5,306) +8.3%
Free cash flow (1) (91) (436) (298) (424) (623) (691) (1,124) (1,047) (647) (4,442) +107.7%
Balance, $m
Balance, $m Working capital 364 359 136 182 288 293 412 430 384 4,874 410 +33.4%
Net debt 3,961 4,089 4,445 4,653 5,093 5,563 5,996 6,948 7,824 7,549 11,548 +7.4%
Shareholders’ equity 1,347 1,793 1,788 1,835 1,957 2,019 2,030 2,273 2,439 3,635 3,538 +11.7%
Returns, %
Returns, % ROA 3.67 6.91 2.81 2.66 1.76 1.55 1.59 2.38 2.36 2.16 2.52 (1.5) pt
ROIC 4.39 3.54 2.83 2.71 2.54 2.45 2.65 2.63 2.88 2.98 2.74 (1.4) pt
ROE 19.57 31.98 11.80 11.66 7.98 7.20 7.70 11.82 11.86 10.79 12.31 (8.8) pt
People
People Employees 2,260 2,267 2,225 2,165 1,904 1,863 1,904 2,020 2,150 2,371 — +0.5%
Revenue/emp, $m 0.63 0.61 0.53 0.56 0.64 0.67 0.67 0.70 0.74 0.73 — +1.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

GATX Corporation owns and leases transportation equipment. Its main business is renting railcars to companies that need to move goods by rail without owning every car they use. Its customers include businesses in transportation, chemicals, petroleum, food and agriculture. GATX was founded in 1898, and its president and chief executive officer is Robert C. Lyons.

The company leases tank cars and freight cars in North America and Europe, freight cars in India, and locomotives in North America. Tank cars carry liquids and gases, while the freight fleet includes cars used for products such as grain, plastics, vehicles and packaged goods. GATX also maintains equipment, manages fleets for other owners and sells assets in the secondary market.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Rail North America 1,186 68.17%
Rail International 388 22.28%
Engine Leasing 125 7.18%
Other 41 2.37%
Gross margin 73.76%
Operating margin 30.69%
Pre-tax margin 16.04%

Revenue by segment since 2009

GATX Corporation vs peers in Rental & Leasing Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
R Ryder System, Inc. $10.3B 20.6× 21.4× +8.26% (above 0%: growing) +25.00% (above 0%: growing) +782.86% (above 0%: growing) 19.95% 8.80% Compare
UHAL U-Haul Holding Company $10.2B 416× 52.0× +3.07% (above 0%: growing) −14.71% (below 0%: shrinking) +37.12% (above 0%: growing) 0.00% 14.95% Compare
GATX GATX Corporation $6.5B 17.4× 17.8× +36.13% (above 0%: growing) +30.22% (above 0%: growing) +145.40% (above 0%: growing) 74.97% 32.17%
HRI Herc Holdings Inc. $5.0B 40.8× 25.2× +4.60% (above 0%: growing) +245.98% (above 0%: growing) −330.00% (below 0%: shrinking) 55.35% 18.18% Compare
CAR Avis Budget Group, Inc. $4.3B — (loss-making) 83.1× −2.36% (below 0%: shrinking) −44.84% (below 0%: shrinking) −11.76% (below 0%: shrinking) 52.82% 19.79% Compare
EQPT EquipmentShare.com Inc. $3.5B 15.4× 39.0× +102.37% (above 0%: growing) n/m −17.02% (below 0%: shrinking) 28.36% 6.49% Compare
WSC WillScot Holdings Corporation $3.2B — (loss-making) 17.6× +6.09% (above 0%: growing) +16.67% (above 0%: growing) +61.99% (above 0%: growing) 63.18% 20.99% Compare
MGRC McGrath RentCorp $3.1B 19.6× 18.6× +7.08% (above 0%: growing) +16.23% (above 0%: growing) −132.83% (below 0%: shrinking) 47.66% 26.93% Compare
CTOS Custom Truck One Source, Inc. $2.1B 71.6× 82.8× +2.73% (above 0%: growing) n/m +540.01% (above 0%: growing) 22.87% 7.69% Compare
Median of peers $3.9B 30.7× 32.1× +5.35% +16.45% +12.68% 38.01% 16.57%

All 20 Rental & Leasing Services stocks →

From the latest earnings call

Updated

  • Paul Titterton said fleet mix and the incorporation of the former Wells Fargo fleet affected the lease price index, while pricing across most of the fleet was flat to slightly higher sequentially.
  • Tom Ellman said the secondary market and higher-than-expected Brookfield portfolio management fees drove GATX’s decision to raise its earnings outlook.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 102.73%
Held by the ten largest 67.71%
Holder Shares Stake Change
State Farm 5.43m 15.37% 0.00
BlackRock 4.65m 13.16% +151.56k
Vanguard 3.95m 11.18% +60.66k
EARNEST PARTNERS LLC 2.56m 7.24% −58.53k
Dimensional Fund Advisors 1.53m 4.32% +55.02k
American Century 1.40m 3.95% +134.09k
State Street 1.39m 3.93% +66.45k
GAMCO INVESTORS, INC. ET AL 1.05m 2.99% −46.01k
Bank of America 1.00m 2.85% −612.00
Geode Capital Management 963.42k 2.73% +48.04k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

GATX Corporation (GATX) Latest News

30 Oct

Impact 3 · · MarketBeat

29 Oct

Impact 4 · · Moby transcript
Impact 4 · · The Motley Fool transcript
Impact 4 · · StockStory
Impact 4 · · Business Wire earnings
Impact 3 · · Associated Press

28 Oct

Impact 3 · · StockStory

20 Oct

Impact 3 · · StockStory

19 Oct

Impact 3 · · StockStory

16 Oct

Impact 3 · · StockStory

25 Sep

Impact 3 · · Simply Wall St.

11 Sep

Impact 4 ·

31 Jul

Impact 3 · · MarketBeat

30 Jul

Impact 4 ·
Impact 4 ·
Impact 4 ·
Impact 3 ·
Impact 3 ·

29 Jul

Impact 3 ·

10 Jul

Impact 4 ·

18 May

Impact 3 · · StockStory

12 May

Impact 3 ·

11 May

Impact 4 · · StockStory

10 May

Impact 3 · · MarketBeat

7 May

Impact 3 · · Moby
Impact 3 · · The Motley Fool transcript
Impact 3 ·
Impact 3 · · Business Wire

14 Apr

Impact 4 · · Simply Wall St.

10 Apr

Impact 3 · · StockStory

GATX metrics, ten years each

stockrow.com/GATX · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com