GATX (GATX) Financials

$152.74 -0.65 (-0.42%)

Closing price 06/20/2025 03:59 PM Eastern

Extended Trading

$152.84 +0.10 (+0.07%)

As of 06/20/2025 04:25 PM Eastern

Annual Income Statements for GATX

This table shows GATX's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	205	257	502	211	211	151	143	156	259	284
Consolidated Net Income / (Loss)	205	257	502	211	211	151	143	156	259	284
Net Income / (Loss) Continuing Operations	205	257	502	191	181	150	143	156	259	284
Total Pre-Tax Income	270	305	214	171	145	125	195	177	246	261
Total Operating Income	439	471	388	355	333	329	403	418	518	612
Total Gross Profit	1,037	1,013	986	826	1,202	1,209	1,257	1,273	1,411	1,586
Total Revenue	1,450	1,418	1,377	1,175	1,202	1,209	1,257	1,273	1,411	1,586
Operating Revenue	1,450	1,418	1,377	1,175	1,202	1,209	1,257	1,273	1,411	1,586
Total Cost of Revenue	413	406	391	349	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	598	542	599	471	869	881	855	855	893	974
Selling, General & Admin Expense	231	213	214	216	212	207	242	232	259	294
Depreciation Expense	291	297	307	311	321	331	364	358	376	402
Other Operating Expenses / (Income)	156	130	131	17	388	385	354	343	387	416
Impairment Charge	-79	-98	-54	-73	-52	-42	-106	-78	-130	-138
Total Other Income / (Expense), net	-168	-166	-173	-185	-188	-203	-208	-241	-273	-351
Interest Expense	155	148	161	163	181	190	204	214	263	341
Other Income / (Expense), net	-13	-18	-13	-22	-7.30	-13	-3.70	-27	-9.40	-9.50
Income Tax Expense	111	96	-244	31	41	37	53	55	59	60
Other Gains / (Losses), net	46	47	44	50	77	62	1.20	34	72	83
Basic Earnings per Share	$4.76	$6.35	$12.95	$5.62	$5.92	$4.33	$4.04	$4.41	$7.13	$7.80
Weighted Average Basic Shares Outstanding	43.10M	40.50M	38.80M	37.60M	35.70M	35M	35.40M	35.40M	35.70M	35.80M
Diluted Earnings per Share	$4.69	$6.29	$12.75	$5.52	$5.81	$4.27	$3.98	$4.35	$7.12	$7.78
Weighted Average Diluted Shares Outstanding	43.80M	40.90M	39.40M	38.30M	36.40M	35.40M	36M	35.90M	35.70M	35.90M
Weighted Average Basic & Diluted Shares Outstanding	43.10M	40.50M	38.80M	37.60M	34.90M	35.10M	35.30M	35.30M	35.50M	35.60M

This table shows GATX's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	29	48	77	63	53	66	74	44	89	77	79
Consolidated Net Income / (Loss)	29	48	77	63	53	66	74	44	89	77	79
Net Income / (Loss) Continuing Operations	29	48	77	63	53	66	74	44	89	77	79
Total Pre-Tax Income	35	46	77	67	54	48	73	42	86	61	70
Total Operating Income	91	114	140	136	120	123	150	136	175	151	168
Total Gross Profit	321	323	339	343	272	457	380	387	310	509	318
Total Revenue	321	323	339	343	360	369	380	387	405	414	422
Operating Revenue	321	323	339	343	360	369	380	387	405	414	422
Total Cost of Revenue	0.00	-	0.00	0.00	88	-88	0.00	0.00	96	-96	104
Operating Cost of Revenue	-	-	-	-	88	-	-	-	96	-	104
Total Operating Expenses	230	209	199	208	152	334	230	251	134	359	150
Selling, General & Admin Expense	56	61	61	63	63	72	70	72	71	81	73
Depreciation Expense	89	89	90	92	96	98	96	99	103	105	104
Other Operating Expenses / (Income)	89	83	95	94	10	189	100	106	8.00	202	7.60
Impairment Charge	-3.90	-25	-47	-41	-17	-25	-36	-26	-49	-28	-33
Total Other Income / (Expense), net	-56	-69	-63	-69	-66	-75	-77	-94	-90	-90	-97
Interest Expense	54	57	59	64	68	73	78	83	89	92	95
Other Income / (Expense), net	-2.30	-11	-4.00	-4.90	1.80	-2.30	0.80	-11	-0.90	1.40	-2.20
Income Tax Expense	14	16	20	18	15	6.40	19	10	23	8.10	17
Other Gains / (Losses), net	7.50	19	21	14	13	24	20	13	26	24	25
Basic Earnings per Share	$0.82	$1.39	$2.19	$1.74	$1.44	$1.76	$2.04	$1.22	$2.44	$2.10	$2.15
Weighted Average Basic Shares Outstanding	35.20M	35.40M	35.30M	35.60M	35.70M	35.70M	35.80M	35.80M	35.80M	35.80M	35.90M
Diluted Earnings per Share	$0.81	$1.37	$2.16	$1.74	$1.44	$1.78	$2.03	$1.21	$2.43	$2.11	$2.15
Weighted Average Diluted Shares Outstanding	35.70M	35.90M	35.80M	35.70M	35.80M	35.70M	35.90M	35.90M	35.90M	35.90M	36M
Weighted Average Basic & Diluted Shares Outstanding	35.20M	35.30M	35.30M	35.40M	35.50M	35.50M	35.60M	35.60M	35.50M	35.60M	35.70M
Cash Dividends to Common per Share	$0.52	-	$0.55	$0.55	$0.55	-	$0.58	$0.58	$0.58	-	$0.61

This table details how cash moves in and out of GATX's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-4.70	91	-11	-193	44	142	52	-36	145	-44
Net Cash From Operating Activities	542	629	497	485	426	437	507	534	520	602
Net Cash From Continuing Operating Activities	542	629	497	485	426	437	507	534	520	602
Net Income / (Loss) Continuing Operations	205	257	502	191	181	150	143	156	259	284
Consolidated Net Income / (Loss)	205	257	502	211	211	151	143	156	259	284
Depreciation Expense	303	310	323	327	333	343	378	371	392	421
Non-Cash Adjustments To Reconcile Net Income	-75	-18	-71	-55	-125	-92	-57	-32	-165	-149
Changes in Operating Assets and Liabilities, net	108	80	-257	23	38	36	43	38	34	45
Net Cash From Investing Activities	-305	-406	-428	-660	-448	-905	0.00	-1,074	-1,219	-1,417
Net Cash From Continuing Investing Activities	-305	-406	-428	-660	-448	-905	-918	-1,074	-1,219	-1,417
Purchase of Investments	-	-	-	-	-	0.00	0.00	-	-1,515	-1,674
Sale of Property, Plant & Equipment	19	23	30	37	23	26	55	31	20	25
Other Investing Activities, net	373	109	54	171	252	133	160	-956	276	233
Net Cash From Financing Activities	-237	-131	-84	-14	67	356	463	504	844	771
Net Cash From Continuing Financing Activities	-237	-131	-84	-14	67	356	463	504	844	771
Repayment of Debt	-792	-802	-708	-523	-446	-1,120	-864	-250	-493	-388
Repurchase of Common Equity	-125	-120	-100	-116	-150	0.00	-13	-47	-2.60	-22
Payment of Dividends	-68	-67	-68	-69	-69	-71	-74	-77	-81	-85
Issuance of Debt	749	859	793	694	743	1,587	1,492	880	1,420	1,296
Other Financing Activities, net	-	-	-	-	-11	-40	-77	-1.50	0.00	-30

This table details how cash moves in and out of GATX's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	416	-288	-126	140	-115	246	28	345	-320	-97	356
Net Cash From Operating Activities	136	181	95	163	142	120	98	138	160	206	124
Net Cash From Continuing Operating Activities	136	181	95	163	142	120	98	138	160	206	124
Net Income / (Loss) Continuing Operations	29	48	77	63	53	66	74	44	89	77	79
Consolidated Net Income / (Loss)	29	48	77	63	53	66	74	44	89	77	79
Depreciation Expense	92	93	94	96	100	102	101	103	108	110	109
Non-Cash Adjustments To Reconcile Net Income	6.50	25	-90	-9.70	-22	-43	-93	-17	-56	17	-79
Changes in Operating Assets and Liabilities, net	8.40	14	14	14	11	-4.70	16	7.20	19	3.00	16
Net Cash From Investing Activities	-130	-467	-123	-422	-316	-359	-312	-387	-432	-285	-235
Net Cash From Continuing Investing Activities	-130	-467	-123	-422	-316	-359	-312	-387	-432	-285	-235
Purchase of Property, Plant & Equipment	-203	-	-387	-487	-364	-	-379	-442	-505	-	-296
Sale of Property, Plant & Equipment	7.00	4.70	5.20	5.70	5.50	3.80	7.10	8.80	4.30	4.70	7.10
Other Investing Activities, net	66	-1,211	109	59	42	65	60	46	68	59	55
Net Cash From Financing Activities	414	-8.40	-98	397	61	484	245	594	-50	-19	462
Net Cash From Continuing Financing Activities	414	-8.40	-98	397	61	484	245	594	-50	-19	462
Repayment of Debt	-2.20	-32	-243	-2.90	-243	-4.10	-286	-108	2.00	3.80	-397
Repurchase of Common Equity	-8.00	-	0.00	-	-	-2.60	-4.60	-4.30	-13	-0.10	-1.90
Payment of Dividends	-19	-19	-21	-20	-20	-20	-22	-21	-21	-21	-24
Issuance of Debt	443	42	165	420	324	511	557	728	12	-1.40	884
Effect of Exchange Rate Changes	-3.40	-	-0.20	1.20	-1.20	-	-2.60	-0.60	2.40	-	4.70

This table presents GATX's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	6,894	7,105	7,422	7,617	8,285	8,938	9,542	10,072	11,326	12,297
Total Current Assets	446	539	513	302	592	435	508	615	669	601
Cash & Equivalents	202	308	297	100	151	292	344	304	451	402
Restricted Cash	17	3.60	3.20	6.50	0.00	0.40	0.20	0.30	0.10	0.20
Note & Lease Receivable	157	142	130	109	84	68	94	91	136	118
Accounts Receivable	69	86	83	87	66	75	70	71	82	81
Plant, Property, & Equipment, net	5,698	5,805	6,192	6,533	6,457	7,171	7,785	8,250	9,411	10,450
Plant, Property & Equipment, gross	8,204	8,446	9,045	9,546	9,506	10,471	11,436	11,661	13,082	14,331
Accumulated Depreciation	2,506	2,642	2,853	3,013	3,066	3,313	3,379	3,425	3,671	3,881
Total Noncurrent Assets	749	762	718	787	1,245	1,370	1,249	1,207	1,246	1,246
Long-Term Investments	349	387	441	465	513	585	588	575	627	663
Goodwill	80	78	86	83	82	144	123	117	120	114
Other Noncurrent Operating Assets	321	297	191	223	642	604	265	515	499	469
Total Liabilities & Shareholders' Equity	6,894	7,105	7,422	7,617	8,285	8,938	9,542	10,072	11,326	12,297
Total Liabilities	5,614	5,758	5,630	5,829	6,450	6,980	7,523	8,042	9,053	9,858
Total Current Liabilities	7.40	3.80	4.30	111	85	24	18	17	251	228
Short-Term Debt	7.40	3.80	4.30	111	16	24	18	17	11	10
Accounts Payable	-	-	-	-	-	-	-	-	240	217
Total Noncurrent Liabilities	5,600	5,754	5,625	5,718	6,365	6,957	7,504	8,025	8,802	9,630
Long-Term Debt	4,172	4,253	4,372	4,430	4,780	5,329	5,888	6,432	7,388	8,215
Capital Lease Obligations	18	15	13	11	437	382	288	258	227	180
Noncurrent Deferred & Payable Income Tax Liabilities	1,018	1,089	854	878	889	963	1,001	1,032	1,081	1,127
Other Noncurrent Operating Liabilities	392	397	388	399	259	283	328	304	106	108
Total Equity & Noncontrolling Interests	1,280	1,347	1,793	1,788	1,835	1,957	2,019	2,030	2,273	2,439
Total Preferred & Common Equity	1,280	1,347	1,793	1,788	1,835	1,957	2,019	2,030	2,273	2,439
Total Common Equity	1,280	1,347	1,793	1,788	1,835	1,957	2,019	2,030	2,273	2,439
Common Stock	719	729	740	748	762	777	806	835	859	890
Retained Earnings	1,639	1,828	2,262	2,419	2,601	2,682	2,752	2,832	3,010	3,208
Accumulated Other Comprehensive Income / (Loss)	-199	-211	-110	-165	-164	-138	-161	-212	-168	-210
Other Equity Adjustments	-	-	-	-	-	-	-	-	-1,428	-1,449

This table presents GATX's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	9,875	10,048	10,590	10,648	11,579	12,223	12,380	12,966
Total Current Assets	764	359	510	408	707	1,040	717	975
Cash & Equivalents	596	177	318	203	479	824	504	757
Restricted Cash	-	-	0.20	0.10	0.10	0.20	0.10	0.40
Note & Lease Receivable	96	110	122	130	131	119	120	116
Accounts Receivable	72	71	70	75	96	97	94	101
Plant, Property, & Equipment, net	7,858	8,492	8,871	9,015	9,620	9,912	10,376	10,721
Plant, Property & Equipment, gross	10,909	11,716	12,380	12,564	13,308	13,662	14,229	14,711
Accumulated Depreciation	3,310	3,470	3,522	3,561	3,700	3,764	3,867	3,990
Total Noncurrent Assets	1,421	1,379	1,210	1,224	1,253	1,271	1,286	1,270
Long-Term Investments	604	598	612	627	648	661	690	689
Goodwill	109	118	119	116	118	117	121	118
Other Noncurrent Operating Assets	539	482	479	481	487	493	475	463
Total Liabilities & Shareholders' Equity	9,875	10,048	10,590	10,648	11,579	12,223	12,380	12,966
Total Liabilities	7,935	7,947	8,411	8,473	9,255	9,879	9,943	10,417
Total Current Liabilities	201	195	11	12	11	11	11	337
Short-Term Debt	16	20	11	12	11	11	11	102
Accounts Payable	185	175	-	-	-	-	-	236
Total Noncurrent Liabilities	7,734	7,752	8,400	8,461	9,244	9,869	9,932	10,080
Long-Term Debt	6,353	6,361	6,786	6,836	7,625	8,236	8,294	8,653
Noncurrent Deferred & Payable Income Tax Liabilities	1,008	1,049	1,067	1,072	1,096	1,104	1,132	1,150
Other Noncurrent Operating Liabilities	374	342	307	320	308	320	319	277
Total Equity & Noncontrolling Interests	1,941	2,102	2,179	2,175	2,324	2,343	2,437	2,549
Total Preferred & Common Equity	1,941	2,102	2,179	2,175	2,324	2,343	2,437	2,549
Total Common Equity	1,941	2,102	2,179	2,175	2,324	2,343	2,437	2,549
Common Stock	830	840	850	856	871	879	884	899
Retained Earnings	2,802	2,889	2,932	2,964	3,062	3,085	3,153	3,264
Treasury Stock	-1,425	-1,425	-1,425	-1,425	-1,432	-1,436	-1,449	-1,451
Accumulated Other Comprehensive Income / (Loss)	-267	-202	-178	-220	-177	-185	-151	-162

This table displays calculated financial ratios and metrics derived from GATX's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.08%	-2.18%	-2.92%	-14.66%	2.30%	0.59%	3.99%	1.24%	10.83%	12.38%
EBITDA Growth	7.70%	4.80%	-8.66%	-5.26%	-0.38%	0.00%	18.09%	-1.94%	18.18%	13.63%
EBIT Growth	9.19%	6.61%	-17.33%	-11.02%	-2.37%	-3.10%	26.46%	-2.00%	30.12%	18.37%
NOPAT Growth	-4.60%	25.04%	156.01%	-64.75%	-18.03%	-3.52%	26.94%	-1.45%	36.59%	19.54%
Net Income Growth	0.15%	25.23%	95.25%	-57.91%	-0.05%	-28.36%	-5.42%	8.94%	66.26%	9.65%
EPS Growth	4.69%	34.12%	102.70%	-56.71%	5.25%	-26.51%	-6.79%	9.30%	63.68%	9.27%
Operating Cash Flow Growth	20.61%	16.17%	-21.07%	-2.33%	-12.24%	2.58%	16.12%	5.19%	-2.46%	15.70%
Free Cash Flow Firm Growth	262.48%	-3.73%	-3.19%	-113.58%	-327.14%	-139.81%	68.64%	-4.34%	-411.52%	32.18%
Invested Capital Growth	-1.45%	0.10%	10.56%	6.13%	7.24%	10.66%	6.24%	5.89%	14.43%	10.86%
Revenue Q/Q Growth	40.81%	-24.47%	-0.67%	-13.42%	12.74%	0.00%	0.00%	0.13%	3.37%	2.91%
EBITDA Q/Q Growth	42.52%	-26.04%	3.35%	-4.76%	3.95%	0.00%	0.00%	-0.82%	3.11%	3.92%
EBIT Q/Q Growth	103.74%	-37.54%	5.04%	-6.40%	4.73%	0.00%	0.00%	-0.74%	3.67%	5.48%
NOPAT Q/Q Growth	95.85%	-30.36%	208.45%	-67.47%	-11.88%	0.00%	0.00%	1.92%	7.69%	5.35%
Net Income Q/Q Growth	35.42%	-24.02%	163.10%	-58.09%	1.25%	0.00%	0.00%	-7.48%	7.28%	3.84%
EPS Q/Q Growth	1.52%	-8.44%	164.52%	-57.28%	1.40%	0.00%	0.00%	-7.05%	6.11%	4.43%
Operating Cash Flow Q/Q Growth	13.85%	-5.40%	-2.91%	-6.75%	0.88%	-2.87%	6.85%	2.64%	-10.43%	16.60%
Free Cash Flow Firm Q/Q Growth	151.17%	-41.35%	103.04%	-108.37%	69.28%	0.00%	0.00%	0.00%	8.18%	43.49%
Invested Capital Q/Q Growth	-3.14%	-1.52%	6.40%	4.80%	-2.69%	0.00%	0.00%	5.93%	4.70%	0.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	71.49%	71.39%	71.62%	70.32%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	50.26%	53.85%	50.66%	56.24%	54.77%	54.45%	61.83%	59.89%	63.86%	64.57%
Operating Margin	30.25%	33.21%	28.14%	30.24%	27.70%	27.18%	32.03%	32.84%	36.74%	38.59%
EBIT Margin	29.34%	31.97%	27.23%	28.39%	27.09%	26.10%	31.74%	30.72%	36.07%	37.99%
Profit (Net Income) Margin	14.16%	18.13%	36.46%	17.98%	17.57%	12.51%	11.38%	12.25%	18.37%	17.92%
Tax Burden Percent	75.95%	84.18%	234.14%	123.78%	145.45%	120.75%	73.35%	88.03%	105.58%	108.72%
Interest Burden Percent	63.54%	67.34%	57.19%	51.17%	44.58%	39.70%	48.89%	45.28%	48.24%	43.39%
Effective Tax Rate	41.03%	31.34%	-113.67%	17.87%	28.17%	29.77%	27.27%	30.94%	23.91%	22.95%
Return on Invested Capital (ROIC)	5.22%	6.58%	15.98%	5.20%	4.00%	3.54%	4.15%	3.85%	4.77%	5.07%
ROIC Less NNEP Spread (ROIC-NNEP)	3.76%	4.74%	6.95%	3.09%	3.33%	1.82%	1.19%	1.42%	2.56%	2.37%
Return on Net Nonoperating Assets (RNNOA)	10.60%	13.00%	15.99%	6.60%	7.66%	4.44%	3.05%	3.85%	7.28%	6.99%
Return on Equity (ROE)	15.83%	19.57%	31.98%	11.80%	11.66%	7.98%	7.20%	7.70%	12.05%	12.06%
Cash Return on Invested Capital (CROIC)	6.68%	6.48%	5.95%	-0.75%	-2.99%	-6.58%	-1.90%	-1.87%	-8.69%	-5.24%
Operating Return on Assets (OROA)	6.16%	6.48%	5.16%	4.44%	4.10%	3.66%	4.32%	3.99%	4.76%	5.10%
Return on Assets (ROA)	2.97%	3.67%	6.91%	2.81%	2.66%	1.76%	1.55%	1.59%	2.42%	2.41%
Return on Common Equity (ROCE)	15.83%	19.57%	31.98%	11.80%	11.66%	7.98%	7.20%	7.70%	12.05%	12.06%
Return on Equity Simple (ROE_SIMPLE)	16.04%	19.08%	28.00%	11.82%	11.51%	7.73%	7.09%	7.68%	11.40%	11.65%
Net Operating Profit after Tax (NOPAT)	259	323	828	292	239	231	293	289	394	471
NOPAT Margin	17.84%	22.80%	60.13%	24.83%	19.90%	19.09%	23.30%	22.68%	27.95%	29.74%
Net Nonoperating Expense Percent (NNEP)	1.46%	1.84%	9.03%	2.11%	0.67%	1.72%	2.95%	2.43%	2.21%	2.70%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	3.30%	3.98%	4.35%
Cost of Revenue to Revenue	28.51%	28.61%	28.38%	29.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	15.92%	15.00%	15.57%	18.35%	17.61%	17.14%	19.27%	18.26%	18.38%	18.54%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	41.24%	38.18%	43.47%	40.08%	72.30%	72.83%	67.97%	67.16%	63.26%	61.41%
Earnings before Interest and Taxes (EBIT)	425	454	375	334	326	316	399	391	509	602
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	729	764	698	661	658	658	778	762	901	1,024
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.15	1.54	1.15	1.32	1.44	1.39	1.75	1.78	1.85	2.26
Price to Tangible Book Value (P/TBV)	1.22	1.63	1.21	1.39	1.50	1.50	1.86	1.89	1.95	2.37
Price to Revenue (P/Rev)	1.01	1.46	1.50	2.01	2.20	2.25	2.80	2.84	2.97	3.47
Price to Earnings (P/E)	7.15	8.05	4.11	11.18	12.50	17.96	24.62	23.16	16.19	19.36
Dividend Yield	4.39%	3.09%	3.12%	2.80%	2.45%	2.47%	2.02%	2.03%	1.86%	1.50%
Earnings Yield	13.99%	12.43%	24.35%	8.94%	8.00%	5.57%	4.06%	4.32%	6.18%	5.17%
Enterprise Value to Invested Capital (EV/IC)	1.04	1.15	1.05	1.10	1.16	1.11	1.21	1.21	1.22	1.31
Enterprise Value to Revenue (EV/Rev)	3.52	3.98	4.15	5.40	6.00	6.26	6.99	7.30	7.62	8.10
Enterprise Value to EBITDA (EV/EBITDA)	6.99	7.39	8.18	9.60	10.95	11.50	11.30	12.19	11.92	12.54
Enterprise Value to EBIT (EV/EBIT)	11.98	12.44	15.23	19.01	22.13	24.00	22.01	23.75	21.11	21.32
Enterprise Value to NOPAT (EV/NOPAT)	19.71	17.45	6.90	21.74	30.14	32.82	29.98	32.18	27.24	27.24
Enterprise Value to Operating Cash Flow (EV/OCF)	9.41	8.97	11.49	13.07	16.93	17.34	17.32	17.41	20.65	21.33
Enterprise Value to Free Cash Flow (EV/FCFF)	15.40	17.71	18.51	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.28	3.17	2.45	2.55	2.85	2.93	3.07	3.30	3.36	3.45
Long-Term Debt to Equity	3.27	3.17	2.45	2.48	2.84	2.92	3.06	3.30	3.35	3.44
Financial Leverage	2.82	2.74	2.30	2.13	2.30	2.44	2.55	2.70	2.84	2.95
Leverage Ratio	5.33	5.33	4.63	4.20	4.39	4.54	4.65	4.84	4.97	5.01
Compound Leverage Factor	3.38	3.59	2.65	2.15	1.96	1.80	2.27	2.19	2.40	2.18
Debt to Total Capital	76.63%	76.02%	71.00%	71.80%	74.04%	74.55%	75.41%	76.77%	77.04%	77.51%
Short-Term Debt to Total Capital	0.14%	0.07%	0.07%	1.75%	0.22%	0.31%	0.22%	0.20%	0.11%	0.10%
Long-Term Debt to Total Capital	76.49%	75.96%	70.93%	70.05%	73.82%	74.25%	75.19%	76.57%	76.93%	77.41%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	23.37%	23.98%	29.00%	28.20%	25.96%	25.45%	24.59%	23.23%	22.96%	22.49%
Debt to EBITDA	5.76	5.59	6.29	6.89	7.95	8.71	7.97	8.80	8.46	8.21
Net Debt to EBITDA	4.98	4.68	5.23	6.02	6.94	7.38	6.77	7.45	7.27	7.17
Long-Term Debt to EBITDA	5.75	5.59	6.28	6.72	7.92	8.67	7.94	8.77	8.45	8.20
Debt to NOPAT	16.23	13.21	5.30	15.60	21.88	24.85	21.14	23.23	19.34	17.83
Net Debt to NOPAT	14.03	11.05	4.41	13.64	19.10	21.05	17.96	19.67	16.60	15.57
Long-Term Debt to NOPAT	16.20	13.20	5.30	15.22	21.81	24.75	21.08	23.17	19.31	17.81
Altman Z-Score	0.98	1.08	1.08	1.02	1.03	0.96	1.02	0.99	0.97	1.03
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	60.32	141.74	119.26	2.73	6.94	18.42	28.08	35.52	2.67	2.64
Quick Ratio	57.99	140.79	118.51	2.67	3.53	18.41	28.07	35.50	2.67	2.64
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	331	319	308	-42	-179	-429	-135	-140	-718	-487
Operating Cash Flow to CapEx	81.76%	109.90%	92.60%	55.38%	60.85%	52.32%	47.16%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	2.13	2.15	1.92	-0.26	-0.99	-2.25	-0.66	-0.66	-2.73	-1.43
Operating Cash Flow to Interest Expense	3.49	4.25	3.10	2.98	2.36	2.30	2.49	2.49	1.98	1.77
Operating Cash Flow Less CapEx to Interest Expense	-0.78	0.38	-0.25	-2.40	-1.52	-2.09	-2.79	2.64	2.05	1.84
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.21	0.20	0.19	0.16	0.15	0.14	0.14	0.13	0.13	0.13
Accounts Receivable Turnover	18.66	18.27	16.27	13.79	15.72	17.20	17.40	18.03	18.40	19.48
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.25	0.25	0.23	0.18	0.19	0.18	0.17	0.16	0.16	0.16
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	19.56	19.98	22.44	26.46	23.21	21.22	20.97	20.24	19.84	18.74
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	19.56	19.98	22.44	26.46	23.21	21.22	20.97	20.24	19.84	18.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,916	4,921	5,441	5,774	6,192	6,852	7,280	7,709	8,821	9,780
Invested Capital Turnover	0.29	0.29	0.27	0.21	0.20	0.19	0.18	0.17	0.17	0.17
Increase / (Decrease) in Invested Capital	-72	4.80	520	334	418	660	428	429	1,112	958
Enterprise Value (EV)	5,097	5,643	5,710	6,343	7,209	7,574	8,784	9,290	10,744	12,842
Market Capitalization	1,468	2,069	2,062	2,363	2,639	2,717	3,524	3,611	4,196	5,501
Book Value per Share	$30.19	$33.76	$46.79	$47.51	$52.28	$55.93	$56.88	$57.66	$64.03	$68.70
Tangible Book Value per Share	$28.31	$31.81	$44.56	$45.31	$49.96	$51.82	$53.41	$54.33	$60.65	$65.49
Total Capital	5,478	5,619	6,181	6,340	7,069	7,692	8,213	8,736	9,899	10,845
Total Debt	4,197	4,272	4,389	4,552	5,234	5,735	6,193	6,707	7,626	8,406
Total Long-Term Debt	4,190	4,268	4,384	4,441	5,218	5,711	6,175	6,689	7,615	8,395
Net Debt	3,629	3,574	3,648	3,981	4,570	4,857	5,260	5,679	6,548	7,341
Capital Expenditures (CapEx)	663	573	537	876	700	835	1,075	-31	-20	-25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	227	228	213	196	372	142	164	162	-21	-18
Debt-free Net Working Capital (DFNWC)	446	539	513	302	523	435	508	615	430	384
Net Working Capital (NWC)	439	535	509	192	507	411	490	597	419	373
Net Nonoperating Expense (NNE)	53	66	326	81	28	79	150	133	135	187
Net Nonoperating Obligations (NNO)	3,636	3,574	3,648	3,986	4,357	4,895	5,260	5,679	6,548	7,341
Total Depreciation and Amortization (D&A)	303	310	323	327	333	343	378	371	392	421
Debt-free, Cash-free Net Working Capital to Revenue	15.64%	16.04%	15.48%	16.65%	30.91%	11.76%	13.03%	12.73%	-1.50%	-1.14%
Debt-free Net Working Capital to Revenue	30.79%	37.98%	37.24%	25.73%	43.47%	35.96%	40.42%	48.27%	30.45%	24.21%
Net Working Capital to Revenue	30.28%	37.71%	36.93%	16.31%	42.16%	34.01%	38.99%	46.91%	29.67%	23.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.76	$6.35	$12.95	$5.62	$5.92	$4.33	$0.00	$4.41	$7.13	$7.80
Adjusted Weighted Average Basic Shares Outstanding	43.10M	40.50M	38.80M	37.60M	35.70M	35M	0.00	35.40M	35.70M	35.80M
Adjusted Diluted Earnings per Share	$4.69	$6.29	$12.75	$5.52	$5.81	$4.27	$0.00	$4.35	$7.12	$7.78
Adjusted Weighted Average Diluted Shares Outstanding	43.80M	40.90M	39.40M	38.30M	36.40M	35.40M	0.00	35.90M	35.70M	35.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	42.10M	39.44M	38.01M	36.62M	34.90M	35.10M	0.00	35.30M	35.50M	35.60M
Normalized Net Operating Profit after Tax (NOPAT)	212	256	233	232	202	201	216	235	295	365
Normalized NOPAT Margin	14.62%	18.06%	16.95%	19.75%	16.82%	16.66%	17.17%	18.46%	20.92%	23.01%
Pre Tax Income Margin	18.64%	21.53%	15.57%	14.53%	12.08%	10.36%	15.52%	13.91%	17.40%	16.49%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.74	3.06	2.34	2.05	1.80	1.66	1.96	1.83	1.93	1.77
NOPAT to Interest Expense	1.67	2.18	5.16	1.79	1.33	1.21	1.44	1.35	1.50	1.38
EBIT Less CapEx to Interest Expense	-1.53	-0.80	-1.01	-3.33	-2.07	-2.73	-3.32	1.97	2.01	1.84
NOPAT Less CapEx to Interest Expense	-2.61	-1.68	1.82	-3.59	-2.55	-3.17	-3.84	1.49	1.57	1.46
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	33.22%	26.22%	13.59%	32.80%	32.81%	46.93%	51.92%	49.13%	31.10%	29.84%
Augmented Payout Ratio	94.30%	72.93%	33.51%	87.46%	103.84%	46.93%	61.08%	79.41%	32.10%	37.54%

This table displays calculated financial ratios and metrics derived from GATX's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.39%	0.53%	7.04%	9.75%	12.18%	14.25%	12.10%	12.67%	12.58%	12.15%	10.98%
EBITDA Growth	-7.60%	-3.12%	-6.63%	62.39%	22.41%	13.89%	9.63%	0.66%	27.32%	17.31%	8.94%
EBIT Growth	-12.22%	-2.75%	-11.18%	182.07%	36.59%	17.53%	11.11%	-4.29%	43.30%	25.93%	9.60%
NOPAT Growth	-23.85%	7.07%	-14.68%	147.65%	56.39%	43.97%	8.61%	2.48%	46.74%	22.32%	14.24%
Net Income Growth	-27.43%	-20.66%	2.11%	2,334.62%	80.41%	36.36%	-4.01%	-29.86%	69.52%	15.91%	5.79%
EPS Growth	-27.03%	-19.41%	2.86%	2,385.71%	77.78%	29.93%	-6.02%	-30.46%	68.75%	18.54%	5.91%
Operating Cash Flow Growth	-3.75%	8.19%	-5.19%	40.50%	4.11%	-33.50%	2.74%	-15.36%	13.06%	71.24%	27.25%
Free Cash Flow Firm Growth	95.10%	0.00%	-232.60%	-247.44%	-3,166.56%	-183.29%	-155.13%	-26.44%	-11.32%	17.68%	34.92%
Invested Capital Growth	1.23%	5.89%	6.96%	11.15%	15.78%	14.43%	14.69%	12.40%	15.54%	10.86%	8.95%
Revenue Q/Q Growth	2.65%	0.53%	5.02%	1.27%	4.92%	2.39%	3.04%	1.79%	4.84%	2.00%	1.96%
EBITDA Q/Q Growth	29.80%	8.06%	17.21%	-1.22%	-2.16%	0.54%	12.83%	-9.30%	23.75%	-7.37%	4.78%
EBIT Q/Q Growth	92.44%	15.26%	32.33%	-3.90%	-6.81%	-0.82%	25.10%	-17.22%	39.52%	-12.84%	8.88%
NOPAT Q/Q Growth	38.71%	32.43%	39.27%	-3.20%	-12.41%	21.92%	5.06%	-8.66%	25.42%	1.63%	-1.88%
Net Income Q/Q Growth	1,019.23%	66.32%	59.92%	-18.22%	-17.06%	25.71%	12.58%	-40.24%	100.45%	-14.04%	2.75%
EPS Q/Q Growth	1,057.14%	69.14%	57.66%	-19.44%	-17.24%	23.61%	14.04%	-40.39%	100.83%	-13.17%	1.90%
Operating Cash Flow Q/Q Growth	17.02%	32.92%	-47.48%	72.00%	-13.28%	-15.10%	-18.87%	41.70%	15.84%	28.59%	-39.71%
Free Cash Flow Firm Q/Q Growth	84.58%	-993.34%	-15.61%	-78.26%	-44.98%	5.18%	-4.12%	11.66%	-27.65%	29.88%	17.69%
Invested Capital Q/Q Growth	-2.39%	5.93%	2.34%	5.05%	1.67%	4.70%	2.57%	2.95%	4.51%	0.46%	0.80%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	75.59%	123.84%	100.00%	100.00%	76.34%	123.19%	75.45%
EBITDA Margin	56.45%	60.68%	67.72%	66.05%	61.59%	60.48%	66.23%	59.01%	69.66%	63.26%	65.01%
Operating Margin	28.47%	35.36%	41.28%	39.48%	33.30%	33.36%	39.54%	35.12%	43.24%	36.42%	39.78%
EBIT Margin	27.76%	31.83%	40.10%	38.05%	33.80%	32.74%	39.75%	32.32%	43.02%	36.76%	39.26%
Profit (Net Income) Margin	9.07%	15.00%	22.84%	18.44%	14.58%	17.90%	19.56%	11.48%	21.95%	18.50%	18.64%
Tax Burden Percent	82.44%	106.14%	100.65%	94.62%	97.95%	137.21%	101.50%	105.21%	104.09%	126.45%	112.13%
Interest Burden Percent	39.62%	44.40%	56.59%	51.23%	44.04%	39.85%	48.48%	33.76%	49.03%	39.80%	42.36%
Effective Tax Rate	38.81%	35.09%	26.27%	26.31%	27.05%	13.31%	25.41%	24.64%	26.78%	13.39%	23.68%
Return on Invested Capital (ROIC)	3.06%	3.90%	5.17%	4.90%	4.22%	4.94%	5.06%	4.50%	5.37%	5.38%	5.23%
ROIC Less NNEP Spread (ROIC-NNEP)	2.55%	3.43%	4.70%	4.27%	3.62%	4.27%	4.45%	3.61%	4.79%	4.60%	4.52%
Return on Net Nonoperating Assets (RNNOA)	6.88%	9.27%	12.54%	11.89%	10.19%	12.14%	12.59%	10.44%	14.08%	13.56%	13.02%
Return on Equity (ROE)	9.94%	13.16%	17.71%	16.79%	14.41%	17.08%	17.64%	14.94%	19.45%	18.94%	18.24%
Cash Return on Invested Capital (CROIC)	0.00%	-1.87%	-3.27%	-6.29%	-9.96%	-8.69%	-8.92%	-7.05%	-9.49%	-5.24%	-3.40%
Operating Return on Assets (OROA)	3.63%	4.13%	5.21%	5.02%	4.50%	4.32%	5.34%	4.24%	5.76%	4.93%	5.20%
Return on Assets (ROA)	1.18%	1.95%	2.96%	2.43%	1.94%	2.36%	2.63%	1.51%	2.94%	2.48%	2.47%
Return on Common Equity (ROCE)	9.94%	13.16%	17.71%	16.79%	14.41%	17.08%	17.64%	14.94%	19.45%	18.94%	18.24%
Return on Equity Simple (ROE_SIMPLE)	8.68%	0.00%	7.49%	10.01%	11.11%	0.00%	11.02%	10.12%	11.23%	0.00%	11.32%
Net Operating Profit after Tax (NOPAT)	56	74	103	100	87	107	112	102	128	130	128
NOPAT Margin	17.42%	22.95%	30.44%	29.09%	24.29%	28.92%	29.49%	26.46%	31.66%	31.54%	30.36%
Net Nonoperating Expense Percent (NNEP)	0.51%	0.47%	0.46%	0.63%	0.60%	0.66%	0.60%	0.89%	0.58%	0.78%	0.70%
Return On Investment Capital (ROIC_SIMPLE)	-	0.85%	-	-	-	1.08%	-	-	-	1.20%	1.13%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	24.41%	-23.84%	0.00%	0.00%	23.66%	-23.19%	24.55%
SG&A Expenses to Revenue	17.54%	18.90%	18.12%	18.36%	17.50%	19.50%	18.29%	18.72%	17.59%	19.54%	17.22%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	71.53%	64.64%	58.72%	60.52%	42.29%	90.48%	60.46%	64.88%	33.10%	86.77%	35.67%
Earnings before Interest and Taxes (EBIT)	89	103	136	131	122	121	151	125	174	152	166
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	181	196	230	227	222	223	252	228	282	262	274
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.50	1.78	1.81	2.05	1.74	1.85	2.04	2.01	1.94	2.26	2.17
Price to Tangible Book Value (P/TBV)	1.59	1.89	1.91	2.17	1.84	1.95	2.15	2.12	2.04	2.37	2.27
Price to Revenue (P/Rev)	2.29	2.84	2.93	3.36	2.77	2.97	3.26	3.15	3.06	3.47	3.40
Price to Earnings (P/E)	17.26	23.16	24.10	20.44	15.66	16.19	18.50	19.87	17.23	19.36	19.16
Dividend Yield	2.50%	2.03%	1.96%	1.69%	2.03%	1.86%	1.67%	1.71%	1.73%	1.50%	1.51%
Earnings Yield	5.79%	4.32%	4.15%	4.89%	6.39%	6.18%	5.41%	5.03%	5.80%	5.17%	5.22%
Enterprise Value to Invested Capital (EV/IC)	1.11	1.21	1.19	1.28	1.19	1.22	1.27	1.25	1.23	1.31	1.30
Enterprise Value to Revenue (EV/Rev)	6.35	7.30	7.26	7.97	7.35	7.62	7.89	7.81	7.80	8.10	7.89
Enterprise Value to EBITDA (EV/EBITDA)	10.51	12.19	12.60	12.68	11.48	11.92	12.42	12.64	12.19	12.54	12.27
Enterprise Value to EBIT (EV/EBIT)	20.50	23.75	25.14	23.06	20.44	21.11	21.87	22.54	21.04	21.32	20.81
Enterprise Value to NOPAT (EV/NOPAT)	28.52	32.18	35.65	31.41	27.40	27.24	28.38	28.68	26.85	27.24	26.30
Enterprise Value to Operating Cash Flow (EV/OCF)	15.54	17.41	17.80	18.37	17.27	20.65	21.91	23.46	23.26	21.33	20.42
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.28	3.30	3.04	3.23	3.26	3.36	3.38	3.61	3.49	3.45	3.43
Long-Term Debt to Equity	3.27	3.30	3.03	3.22	3.25	3.35	3.37	3.60	3.48	3.44	3.39
Financial Leverage	2.69	2.70	2.67	2.78	2.82	2.84	2.83	2.89	2.94	2.95	2.88
Leverage Ratio	4.97	4.84	4.79	4.83	4.99	4.97	4.89	5.04	4.99	5.01	5.04
Compound Leverage Factor	1.97	2.15	2.71	2.48	2.20	1.98	2.37	1.70	2.45	2.00	2.13
Debt to Total Capital	76.65%	76.77%	75.23%	76.36%	76.51%	77.04%	77.16%	78.30%	77.70%	77.51%	77.45%
Short-Term Debt to Total Capital	0.20%	0.20%	0.24%	0.12%	0.13%	0.11%	0.11%	0.10%	0.10%	0.10%	0.90%
Long-Term Debt to Total Capital	76.45%	76.57%	74.99%	76.24%	76.37%	76.93%	77.05%	78.20%	77.60%	77.41%	76.55%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	23.35%	23.23%	24.77%	23.64%	23.49%	22.96%	22.84%	21.70%	22.30%	22.49%	22.55%
Debt to EBITDA	8.29	8.80	8.55	8.45	8.10	8.46	8.50	9.15	8.62	8.21	8.37
Net Debt to EBITDA	6.72	7.45	7.51	7.33	7.15	7.27	7.28	7.54	7.41	7.17	6.98
Long-Term Debt to EBITDA	8.26	8.77	8.53	8.43	8.09	8.45	8.49	9.13	8.61	8.20	8.27
Debt to NOPAT	22.48	23.23	24.20	20.92	19.34	19.34	19.44	20.76	18.98	17.83	17.94
Net Debt to NOPAT	18.25	19.67	21.26	18.16	17.07	16.60	16.65	17.11	16.31	15.57	14.97
Long-Term Debt to NOPAT	22.43	23.17	24.12	20.89	19.30	19.31	19.42	20.73	18.95	17.81	17.73
Altman Z-Score	0.84	0.89	0.88	0.93	0.87	0.85	0.92	0.90	0.88	0.91	0.90
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.81	35.52	1.84	46.76	33.18	2.67	65.44	97.21	64.61	2.64	2.89
Quick Ratio	3.81	35.50	1.84	46.74	33.17	2.67	65.43	97.19	64.60	2.64	2.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-32	-355	-410	-732	-1,061	-1,006	-1,047	-925	-1,181	-828	-682
Operating Cash Flow to CapEx	69.30%	0.00%	24.88%	33.98%	39.54%	0.00%	26.27%	31.93%	32.03%	0.00%	42.95%
Free Cash Flow to Firm to Interest Expense	-0.61	-6.20	-6.96	-11.49	-15.58	-13.85	-13.46	-11.17	-13.28	-9.05	-7.18
Operating Cash Flow to Interest Expense	2.54	3.16	1.61	2.57	2.08	1.66	1.25	1.67	1.80	2.25	1.31
Operating Cash Flow Less CapEx to Interest Expense	-1.13	3.24	-4.86	-4.98	-3.18	1.71	-3.52	-3.56	-3.82	2.30	-1.74
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13
Accounts Receivable Turnover	17.28	18.03	18.41	19.16	18.56	18.40	17.38	17.92	18.22	19.48	16.46
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16	0.16
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	21.12	20.24	19.82	19.05	19.67	19.84	21.00	20.37	20.03	18.74	22.17
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	21.12	20.24	19.82	19.05	19.67	19.84	21.00	20.37	20.03	18.74	22.17
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,277	7,709	7,889	8,287	8,426	8,821	9,048	9,315	9,735	9,780	9,858
Invested Capital Turnover	0.18	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17
Increase / (Decrease) in Invested Capital	88	429	514	832	1,148	1,112	1,159	1,027	1,309	958	810
Enterprise Value (EV)	8,078	9,290	9,401	10,569	10,035	10,744	11,461	11,683	12,013	12,842	12,836
Market Capitalization	2,909	3,611	3,795	4,460	3,784	4,196	4,737	4,712	4,715	5,501	5,528
Book Value per Share	$54.97	$57.66	$59.53	$61.73	$61.43	$64.03	$64.92	$65.83	$68.45	$68.70	$71.61
Tangible Book Value per Share	$51.88	$54.33	$56.18	$58.35	$58.15	$60.65	$61.63	$62.53	$65.05	$65.49	$68.29
Total Capital	8,310	8,736	8,483	9,217	9,256	9,899	10,175	10,799	10,929	10,845	11,304
Total Debt	6,369	6,707	6,381	7,038	7,081	7,626	7,851	8,456	8,492	8,406	8,755
Total Long-Term Debt	6,353	6,689	6,361	7,027	7,069	7,615	7,840	8,445	8,481	8,395	8,653
Net Debt	5,169	5,679	5,606	6,108	6,251	6,548	6,724	6,971	7,298	7,341	7,308
Capital Expenditures (CapEx)	196	-4.70	382	481	358	-3.80	372	433	500	-4.70	289
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-17	162	6.40	192	205	-21	228	216	213	-18	-18
Debt-free Net Working Capital (DFNWC)	580	615	184	510	408	430	707	1,040	717	384	739
Net Working Capital (NWC)	564	597	164	499	396	419	696	1,029	706	373	638
Net Nonoperating Expense (NNE)	27	26	26	37	35	41	38	58	39	54	49
Net Nonoperating Obligations (NNO)	5,337	5,679	5,787	6,108	6,251	6,548	6,724	6,971	7,298	7,341	7,308
Total Depreciation and Amortization (D&A)	92	93	94	96	100	102	101	103	108	110	109
Debt-free, Cash-free Net Working Capital to Revenue	-1.30%	12.73%	0.49%	14.48%	15.01%	-1.50%	15.67%	14.46%	13.85%	-1.14%	-1.12%
Debt-free Net Working Capital to Revenue	45.61%	48.27%	14.19%	38.44%	29.90%	30.45%	48.67%	69.55%	46.55%	24.21%	45.43%
Net Working Capital to Revenue	44.32%	46.91%	12.62%	37.62%	29.00%	29.67%	47.93%	68.84%	45.83%	23.55%	39.20%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.82	$1.39	$2.19	$1.74	$1.44	$1.76	$2.04	$1.22	$2.44	$2.10	$2.15
Adjusted Weighted Average Basic Shares Outstanding	35.20M	35.40M	35.30M	35.60M	35.70M	35.70M	35.80M	35.80M	35.80M	35.80M	35.90M
Adjusted Diluted Earnings per Share	$0.81	$1.37	$2.16	$1.74	$1.44	$1.78	$2.03	$1.21	$2.43	$2.11	$2.15
Adjusted Weighted Average Diluted Shares Outstanding	35.70M	35.90M	35.80M	35.70M	35.80M	35.70M	35.90M	35.90M	35.90M	35.90M	36M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.20M	35.30M	35.30M	35.40M	35.50M	35.50M	35.60M	35.60M	35.50M	35.60M	35.70M
Normalized Net Operating Profit after Tax (NOPAT)	54	58	68	70	75	85	85	83	93	106	102
Normalized NOPAT Margin	16.68%	18.02%	20.19%	20.27%	20.87%	23.00%	22.38%	21.47%	22.90%	25.68%	24.31%
Pre Tax Income Margin	11.00%	14.13%	22.69%	19.49%	14.88%	13.05%	19.27%	10.91%	21.09%	14.63%	16.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.66	1.79	2.30	2.05	1.79	1.66	1.94	1.51	1.96	1.66	1.74
NOPAT to Interest Expense	1.04	1.29	1.75	1.57	1.28	1.47	1.44	1.24	1.44	1.43	1.35
EBIT Less CapEx to Interest Expense	-2.00	1.87	-4.17	-5.50	-3.48	1.71	-2.83	-3.72	-3.66	1.71	-1.30
NOPAT Less CapEx to Interest Expense	-2.62	1.37	-4.72	-5.98	-3.98	1.52	-3.34	-4.00	-4.18	1.48	-1.70
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	45.10%	49.13%	48.95%	35.84%	32.86%	31.10%	31.90%	34.91%	30.62%	29.84%	29.91%
Augmented Payout Ratio	80.65%	79.41%	73.21%	39.51%	32.86%	32.10%	34.71%	39.76%	39.53%	37.54%	36.57%

Key Financial Trends

GATX reported strong Q1 2025 results, highlighted by double-digit top-line growth and healthy margin expansion. Operating cash flow improved substantially, although free cash flow remains under pressure and leverage stays elevated.

Revenue grew 10.9% year-over-year to $421.6 million, marking continued momentum
Operating income rose 11.4% to $167.7 million, sustaining a robust 39.8% operating margin
Net income and EPS increased 5.7% to $78.6 million and $2.15 per share, respectively
Operating cash flow jumped 27% to $124.2 million, reflecting strong core cash generation
NOPAT margin expanded to 30.4%, underscoring efficient cost management
CapEx of $296.3 million remains substantial but fell from $378.6 million in Q1 2024
Dividend yield sits at 1.5% with a payout ratio near 30%, supporting income-oriented investors
Valuation metrics (P/E ~19.2x, EV/EBITDA ~12.3x) align with five-year historical ranges
Net debt remains high at $7.31 billion, with net debt/EBITDA around 7.0x
Free cash flow to firm remains negative (–$682 million), constraining financial flexibility

06/21/25 12:56 PMAI Generated. May Contain Errors.

Frequently Asked Questions About GATX's Financials

When does GATX's financial year end?

According to the most recent income statement we have on file, GATX's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has GATX's net income changed over the last 9 years?

GATX's net income appears to be on a downward trend, with a most recent value of $284.20 million in 2024, rising from $205.30 million in 2015. The previous period was $259.20 million in 2023. See where experts think GATX is headed by visiting GATX's forecast page.

What is GATX's operating income?

GATX's total operating income in 2024 was $611.90 million, based on the following breakdown:

Total Gross Profit: $1.59 billion
Total Operating Expenses: $973.60 million

How has GATX's revenue changed over the last 9 years?

Over the last 9 years, GATX's total revenue changed from $1.45 billion in 2015 to $1.59 billion in 2024, a change of 9.4%.

How much debt does GATX have?

GATX's total liabilities were at $9.86 billion at the end of 2024, a 8.9% increase from 2023, and a 75.6% increase since 2015.

How much cash does GATX have?

In the past 9 years, GATX's cash and equivalents has ranged from $100.20 million in 2018 to $450.70 million in 2023, and is currently $401.60 million as of their latest financial filing in 2024.

How has GATX's book value per share changed over the last 9 years?

Over the last 9 years, GATX's book value per share changed from 30.19 in 2015 to 68.70 in 2024, a change of 127.5%.

Related Companies

This page (NYSE:GATX) was last updated on 6/21/2025 by MarketBeat.com Staff

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GATX (GATX) Financials

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GATX (GATX) Financials

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