GATX (GATX) Financials

$179.74 -4.09 (-2.22%)

Closing price 05/13/2026 03:59 PM Eastern

Extended Trading

$179.72 -0.02 (-0.01%)

As of 08:05 AM 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	2025
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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	205	257	502	211	211	151	143	156	259	284	333
Consolidated Net Income / (Loss)	205	257	502	211	211	151	143	156	259	284	333
Net Income / (Loss) Continuing Operations	205	257	502	191	181	150	143	156	259	284	333
Total Pre-Tax Income	270	305	214	171	145	125	195	177	246	261	279
Total Operating Income	439	471	388	355	333	329	403	418	518	612	671
Total Gross Profit	1,037	1,013	986	826	1,202	1,209	1,257	1,273	1,066	1,204	1,313
Total Revenue	1,450	1,418	1,377	1,175	1,202	1,209	1,257	1,273	1,411	1,586	1,740
Operating Revenue	1,450	1,418	1,377	1,175	1,202	1,209	1,257	1,273	1,296	1,446	1,573
Other Revenue	-	-	-	-	-	-	-	-	115	140	168
Total Cost of Revenue	413	406	391	349	0.00	0.00	0.00	0.00	345	382	428
Operating Cost of Revenue	413	406	391	349	-	-	-	-	345	382	428
Total Operating Expenses	598	542	599	471	869	881	855	855	548	592	642
Selling, General & Admin Expense	231	213	214	216	212	207	242	232	259	294	318
Depreciation Expense	291	297	307	311	321	331	364	358	376	402	432
Other Operating Expenses / (Income)	156	130	131	17	388	385	354	343	43	34	29
Impairment Charge	-79	-98	-54	-73	-52	-42	-106	-78	-130	-138	-137
Total Other Income / (Expense), net	-168	-166	-173	-185	-188	-203	-208	-241	-273	-351	-392
Interest & Investment Income	-	-	-	-	-	-	-	-	-263	-341	-392
Other Income / (Expense), net	-13	-18	-13	-22	-7.30	-13	-3.70	-27	-9.40	-9.50	-0.40
Income Tax Expense	111	96	-244	31	41	37	53	55	59	60	63
Other Gains / (Losses), net	46	47	44	50	77	62	1.20	34	72	83	117
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	-	-	-	0.00	0.00	0.00
Basic Earnings per Share	$4.76	$6.35	$12.95	$5.62	$5.92	$4.33	$4.04	$4.41	$7.13	$7.80	$9.14
Weighted Average Basic Shares Outstanding	43.10M	40.50M	38.80M	37.60M	35.70M	35M	35.40M	35.40M	35.70M	35.80M	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	$9.12
Weighted Average Diluted Shares Outstanding	43.80M	40.90M	39.40M	38.30M	36.40M	35.40M	36M	35.90M	35.70M	35.90M	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	35.50M
Cash Dividends to Common per Share	$1.52	$1.60	$1.68	$1.76	-	-	-	-	$2.20	$2.32	$2.44

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	53	66	74	44	89	77	79	76	82	97	86
Consolidated Net Income / (Loss)	53	66	74	44	89	77	79	76	82	97	79
Net Income / (Loss) Continuing Operations	53	66	74	44	89	77	79	76	82	97	79
Total Pre-Tax Income	54	48	73	42	86	61	70	81	59	70	80
Total Operating Income	120	123	150	136	175	151	168	178	150	175	224
Total Gross Profit	272	457	289	290	310	509	318	326	327	342	443
Total Revenue	360	369	380	387	405	414	422	431	439	449	584
Operating Revenue	360	369	380	387	405	414	381	431	439	282	541
Other Revenue	-	-	-	-	-	-	41	-	-	-	43
Total Cost of Revenue	88	-88	91	97	96	-96	104	105	113	107	141
Operating Cost of Revenue	88	-	91	97	96	-	104	105	113	107	141
Total Operating Expenses	152	334	138	154	134	359	150	148	177	167	219
Selling, General & Admin Expense	63	72	70	72	71	81	73	75	83	88	93
Depreciation Expense	96	98	96	99	103	105	104	107	110	112	169
Other Operating Expenses / (Income)	10	189	9.00	9.00	8.00	202	7.60	7.10	7.10	7.10	7.40
Impairment Charge	-17	-25	-36	-26	-49	-28	-33	-41	-23	-40	-51
Total Other Income / (Expense), net	-66	-75	-77	-94	-89	-90	-98	-97	-92	-105	-145
Interest & Investment Income	-	-	-	-83	-89	-	-95	-96	-98	-	-151
Other Income / (Expense), net	1.80	-2.30	0.80	-11	-0.50	1.40	-2.70	-1.10	6.10	-3.20	6.20
Income Tax Expense	15	6.40	19	10	23	8.10	17	21	16	9.10	21
Other Gains / (Losses), net	13	24	20	13	26	24	25	16	40	36	21
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	-	0.00	-	-	-	-6.40
Basic Earnings per Share	$1.44	$1.76	$2.04	$1.22	$2.44	$2.10	$2.15	$2.07	$2.25	$2.67	$2.35
Weighted Average Basic Shares Outstanding	35.70M	35.70M	35.80M	35.80M	35.80M	35.80M	35.90M	35.90M	35.90M	35.80M	35.70M
Diluted Earnings per Share	$1.44	$1.78	$2.03	$1.21	$2.43	$2.11	$2.15	$2.06	$2.25	$2.66	$2.35
Weighted Average Diluted Shares Outstanding	35.80M	35.70M	35.90M	35.90M	35.90M	35.90M	36M	35.90M	36M	35.90M	35.80M
Weighted Average Basic & Diluted Shares Outstanding	35.50M	35.50M	35.60M	35.60M	35.50M	35.60M	35.70M	35.60M	35.70M	35.50M	35.50M
Cash Dividends to Common per Share	$0.55	-	$0.58	$0.58	$0.58	-	$0.61	$0.61	$0.61	-	$0.66

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	2025
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	12/31/2025
Net Change in Cash & Equivalents	-4.70	91	-11	-193	44	142	52	-36	147	-44	4,583
Net Cash From Operating Activities	542	629	497	485	426	437	507	534	520	602	648
Net Cash From Continuing Operating Activities	542	629	497	485	426	437	507	534	520	602	648
Net Income / (Loss) Continuing Operations	205	257	502	191	181	150	143	156	259	284	333
Consolidated Net Income / (Loss)	205	257	502	211	211	151	143	156	259	284	333
Depreciation Expense	303	310	323	327	333	343	378	371	392	421	452
Non-Cash Adjustments To Reconcile Net Income	-75	-18	-71	-55	-125	-92	-57	-32	-165	-149	-191
Changes in Operating Assets and Liabilities, net	108	80	-257	23	38	36	43	38	34	45	53
Net Cash From Investing Activities	-305	-406	-428	-660	-448	-905	0.00	-1,074	-1,219	-1,417	-1,017
Net Cash From Continuing Investing Activities	-305	-406	-428	-660	-448	-905	-918	-1,074	-1,219	-1,417	-1,017
Purchase of Investments	-	-	-	-	-	0.00	0.00	-	-1,515	-	-1,317
Sale of Property, Plant & Equipment	19	23	30	37	23	26	55	31	20	25	37
Other Investing Activities, net	373	109	54	171	252	133	160	-956	276	-1,442	263
Net Cash From Financing Activities	-237	-131	-84	-14	67	356	463	504	844	771	4,945
Net Cash From Continuing Financing Activities	-237	-131	-84	-14	67	356	463	504	844	771	4,945
Repayment of Debt	-792	-802	-708	-523	-446	-1,120	-864	-250	-493	-414	-641
Repurchase of Common Equity	-125	-120	-100	-116	-150	0.00	-13	-47	-2.60	-22	-65
Payment of Dividends	-68	-67	-68	-69	-69	-71	-74	-77	-81	-85	-90
Issuance of Debt	749	859	793	694	743	1,587	1,492	880	1,420	1,321	4,842
Issuance of Common Equity	-	-	-	-	-	-	-	-	0.00	0.00	899
Other Financing Activities, net	-	-	-	-	-11	-40	-77	-1.50	0.00	-30	0.00
Cash Interest Paid	-	-	-	-	-	-	-	-	260	350	413

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-115	246	28	345	-320	-97	356	-2.40	-59	4,289	-4,244
Net Cash From Operating Activities	142	120	98	138	160	206	124	161	218	144	199
Net Cash From Continuing Operating Activities	142	120	98	138	160	206	124	161	218	144	199
Net Income / (Loss) Continuing Operations	53	66	74	44	89	77	79	76	82	97	79
Consolidated Net Income / (Loss)	53	66	74	44	89	77	79	76	82	97	79
Depreciation Expense	100	102	101	103	108	110	109	112	114	117	175
Non-Cash Adjustments To Reconcile Net Income	-22	-43	-93	-17	-56	17	-79	-42	9.60	-79	-75
Changes in Operating Assets and Liabilities, net	11	-4.70	16	7.20	19	3.00	16	16	12	8.90	20
Net Cash From Investing Activities	-316	-359	-312	-387	-432	-285	-235	-130	-287	-364	-4,359
Net Cash From Continuing Investing Activities	-316	-359	-312	-387	-432	-285	-235	-130	-287	-364	-4,359
Purchase of Property, Plant & Equipment	-364	-	-379	-442	-505	-	-296	-219	-362	-	-4,520
Sale of Property, Plant & Equipment	5.50	3.80	7.10	8.80	4.30	4.70	7.10	10	8.30	11	12
Other Investing Activities, net	42	65	60	46	68	59	55	78	66	64	150
Net Cash From Financing Activities	61	484	245	594	-50	-19	462	-36	11	4,509	-83
Net Cash From Continuing Financing Activities	61	484	245	594	-50	-19	462	-36	11	4,509	-83
Repayment of Debt	-243	-4.10	-286	-108	2.00	3.80	-393	5.60	-218	-32	-1,027
Repurchase of Common Equity	-	-2.60	-4.60	-4.30	-13	-0.10	-1.90	-15	-1.50	-46	-3.80
Payment of Dividends	-20	-20	-22	-21	-21	-21	-24	-22	-22	-22	-25
Issuance of Debt	324	511	557	728	12	-1.40	880	-4.20	252	3,710	974
Effect of Exchange Rate Changes	-1.20	-	-2.60	-0.60	2.40	-	4.70	2.60	-0.30	-	-1.70

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	2025
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	12/31/2025
Total Assets	6,894	7,105	7,422	7,617	8,285	8,938	9,542	10,072	11,326	12,297	18,000
Total Current Assets	446	539	513	302	592	435	508	615	669	601	5,192
Cash & Equivalents	202	308	297	100	151	292	344	304	451	402	743
Restricted Cash	17	3.60	3.20	6.50	0.00	0.40	0.20	0.30	0.10	-	4,242
Note & Lease Receivable	157	142	130	109	84	68	94	91	136	-	104
Accounts Receivable	69	86	83	87	66	75	70	71	82	199	103
Plant, Property, & Equipment, net	5,698	5,805	6,192	6,533	6,457	7,171	7,785	8,250	9,411	10,450	11,411
Plant, Property & Equipment, gross	8,204	8,446	9,045	9,546	9,506	10,471	11,436	11,661	13,082	14,331	15,663
Accumulated Depreciation	2,506	2,642	2,853	3,013	3,066	3,313	3,379	3,425	3,671	3,881	4,252
Total Noncurrent Assets	749	762	718	787	1,245	1,370	1,249	1,207	1,246	1,246	1,397
Long-Term Investments	349	387	441	465	513	585	588	575	627	663	732
Goodwill	80	78	86	83	82	144	123	117	120	114	126
Other Noncurrent Operating Assets	321	297	191	223	642	604	265	515	499	469	538
Total Liabilities & Shareholders' Equity	6,894	7,105	7,422	7,617	8,285	8,938	9,542	10,072	11,326	12,297	18,000
Total Liabilities	5,614	5,758	5,630	5,829	6,450	6,980	7,523	8,042	9,053	9,858	14,364
Total Current Liabilities	7.40	3.80	4.30	111	85	24	18	17	251	228	401
Short-Term Debt	7.40	3.80	4.30	111	16	24	18	17	11	10	82
Accounts Payable	-	-	-	-	-	-	-	-	240	217	318
Total Noncurrent Liabilities	5,600	5,754	5,625	5,718	6,365	6,957	7,504	8,025	8,802	9,630	13,964
Long-Term Debt	4,172	4,253	4,372	4,430	4,780	5,329	5,888	6,432	7,388	8,215	12,452
Noncurrent Deferred & Payable Income Tax Liabilities	1,018	1,089	854	878	889	963	1,001	1,032	1,081	1,127	1,196
Other Noncurrent Operating Liabilities	392	397	388	399	259	283	328	304	106	288	316
Total Equity & Noncontrolling Interests	1,280	1,347	1,793	1,788	1,835	1,957	2,019	2,030	2,273	2,439	3,635
Total Preferred & Common Equity	1,280	1,347	1,793	1,788	1,835	1,957	2,019	2,030	2,273	2,439	2,751
Total Common Equity	1,280	1,347	1,793	1,788	1,835	1,957	2,019	2,030	2,273	2,439	2,751
Common Stock	719	729	740	748	762	777	806	835	859	890	918
Retained Earnings	1,639	1,828	2,262	2,419	2,601	2,682	2,752	2,832	3,010	3,208	3,451
Accumulated Other Comprehensive Income / (Loss)	-199	-211	-110	-165	-164	-138	-161	-212	-168	-210	-105
Other Equity Adjustments	-	-	-	-	-	-	-	-	-1,428	-	-1,514
Noncontrolling Interest	-	-	-	-	-	-	-	-	-	0.00	885

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	Q2 2025	Q3 2025	Q1 2026
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	6/30/2025	9/30/2025	3/31/2026
Total Assets	9,875	10,048	10,590	10,648	11,579	12,223	12,380	12,966	13,200	13,306	17,944
Total Current Assets	764	359	510	408	707	1,040	717	975	982	912	1,090
Cash & Equivalents	596	177	318	203	479	824	504	757	755	696	741
Restricted Cash	-	-	0.20	0.10	0.10	0.20	0.10	0.40	0.60	0.30	0.10
Note & Lease Receivable	96	110	122	130	131	119	120	116	118	112	192
Accounts Receivable	72	71	70	75	96	97	94	101	108	104	157
Plant, Property, & Equipment, net	7,858	8,492	8,871	9,015	9,620	9,912	10,376	10,721	10,927	11,080	15,453
Plant, Property & Equipment, gross	10,909	11,716	12,380	12,564	13,308	13,662	14,229	14,711	15,053	15,264	19,781
Accumulated Depreciation	3,310	3,470	3,522	3,561	3,700	3,764	3,867	3,990	4,126	4,185	4,328
Total Noncurrent Assets	1,421	1,379	1,210	1,224	1,253	1,271	1,286	1,270	1,291	1,314	1,402
Long-Term Investments	604	598	612	627	648	661	690	689	706	746	752
Goodwill	109	118	119	116	118	117	121	118	127	126	125
Other Noncurrent Operating Assets	539	482	479	481	487	493	475	463	458	442	525
Total Liabilities & Shareholders' Equity	9,875	10,048	10,590	10,648	11,579	12,223	12,380	12,966	13,200	13,306	17,944
Total Liabilities	7,935	7,947	8,411	8,473	9,255	9,879	9,943	10,417	10,531	10,587	14,288
Total Current Liabilities	201	195	11	12	11	11	11	337	335	357	328
Short-Term Debt	16	20	11	12	11	11	11	102	106	117	50
Accounts Payable	185	175	-	-	-	-	-	236	229	240	279
Total Noncurrent Liabilities	7,734	7,752	8,400	8,461	9,244	9,869	9,932	10,080	10,195	10,230	13,960
Long-Term Debt	6,353	6,361	6,786	6,836	7,625	8,236	8,294	8,653	8,741	8,751	12,427
Noncurrent Deferred & Payable Income Tax Liabilities	1,008	1,049	1,067	1,072	1,096	1,104	1,132	1,150	1,183	1,192	1,216
Other Noncurrent Operating Liabilities	374	342	307	320	308	320	319	277	271	286	317
Total Equity & Noncontrolling Interests	1,941	2,102	2,179	2,175	2,324	2,343	2,437	2,549	2,670	2,719	3,656
Total Preferred & Common Equity	1,941	2,102	2,179	2,175	2,324	2,343	2,437	2,549	2,670	2,719	2,778
Total Common Equity	1,941	2,102	2,179	2,175	2,324	2,343	2,437	2,549	2,670	2,719	2,778
Common Stock	830	840	850	856	871	879	884	899	907	914	926
Retained Earnings	2,802	2,889	2,932	2,964	3,062	3,085	3,153	3,264	3,317	3,377	3,512
Accumulated Other Comprehensive Income / (Loss)	-267	-202	-178	-220	-177	-185	-151	-162	-88	-104	-142
Other Equity Adjustments	-	-	-	-	-	-	-	-	-	-	-1,518
Noncontrolling Interest	-	-	-	-	-	-	-	-	-	-	878

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	2025
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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.08%	-2.18%	-2.92%	-14.66%	2.30%	0.59%	3.99%	1.24%	10.83%	12.38%	9.77%
EBITDA Growth	7.70%	4.80%	-8.66%	-5.26%	-0.38%	0.00%	18.09%	-1.94%	18.18%	13.63%	9.68%
EBIT Growth	9.19%	6.61%	-17.33%	-11.02%	-2.37%	-3.10%	26.46%	-2.00%	30.12%	18.37%	11.32%
NOPAT Growth	-4.60%	25.04%	156.01%	-64.75%	-18.03%	-3.52%	26.94%	-1.45%	36.59%	19.54%	10.15%
Net Income Growth	0.15%	25.23%	95.25%	-57.91%	-0.05%	-28.36%	-5.42%	8.94%	66.26%	9.65%	17.28%
EPS Growth	4.69%	34.12%	102.70%	-56.71%	5.25%	-26.51%	-6.79%	9.30%	63.68%	9.27%	17.22%
Operating Cash Flow Growth	20.61%	16.17%	-21.07%	-2.33%	-12.24%	2.58%	16.12%	5.19%	-2.46%	15.70%	7.64%
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%	-1,389.40%
Invested Capital Growth	-1.45%	0.10%	10.56%	6.13%	7.24%	10.66%	6.24%	5.89%	14.43%	10.86%	53.06%
Revenue Q/Q Growth	40.81%	-24.47%	-0.67%	-13.42%	12.74%	0.00%	0.00%	0.13%	3.37%	2.91%	2.08%
EBITDA Q/Q Growth	42.52%	-26.04%	3.35%	-4.76%	3.95%	0.00%	0.00%	-0.82%	3.11%	3.92%	2.57%
EBIT Q/Q Growth	103.74%	-37.54%	5.04%	-6.40%	4.73%	0.00%	0.00%	-0.74%	3.67%	5.48%	3.14%
NOPAT Q/Q Growth	95.85%	-30.36%	208.45%	-67.47%	-11.88%	0.00%	0.00%	1.92%	7.69%	5.35%	4.37%
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%	6.55%
EPS Q/Q Growth	1.52%	-8.44%	164.52%	-57.28%	1.40%	0.00%	0.00%	-7.05%	6.11%	4.43%	6.42%
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%	-8.69%
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%	-5,342.45%
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%	44.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	71.49%	71.39%	71.62%	70.32%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	75.43%
EBITDA Margin	50.26%	53.85%	50.66%	56.24%	54.77%	54.45%	61.83%	59.89%	63.86%	64.57%	64.52%
Operating Margin	30.25%	33.21%	28.14%	30.24%	27.70%	27.18%	32.03%	32.84%	36.74%	38.59%	38.55%
EBIT Margin	29.34%	31.97%	27.23%	28.39%	27.09%	26.10%	31.74%	30.72%	36.07%	37.99%	38.53%
Profit (Net Income) Margin	14.16%	18.13%	36.46%	17.98%	17.57%	12.51%	11.38%	12.25%	18.37%	17.92%	19.15%
Tax Burden Percent	75.95%	84.18%	234.14%	123.78%	145.45%	120.75%	73.35%	88.03%	105.58%	108.72%	119.42%
Interest Burden Percent	63.54%	67.34%	57.19%	51.17%	44.58%	39.70%	48.89%	45.28%	48.24%	43.39%	41.62%
Effective Tax Rate	41.03%	31.34%	-113.67%	17.87%	28.17%	29.77%	27.27%	30.94%	23.91%	22.95%	22.61%
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%	4.28%
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%	2.23%
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%	6.70%
Return on Equity (ROE)	15.83%	19.57%	31.98%	11.80%	11.66%	7.98%	7.20%	7.70%	12.05%	12.06%	10.97%
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%	-37.66%
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%	4.43%
Return on Assets (ROA)	2.97%	3.67%	6.91%	2.81%	2.66%	1.76%	1.55%	1.59%	2.42%	2.41%	2.20%
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%	9.38%
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%	0.00%
Net Operating Profit after Tax (NOPAT)	259	323	828	292	239	231	293	289	394	471	519
NOPAT Margin	17.84%	22.80%	60.13%	24.83%	19.90%	19.09%	23.30%	22.68%	27.95%	29.74%	29.84%
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%	2.04%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	3.30%	3.98%	4.35%	3.21%
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%	24.57%
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%	18.27%
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	41.24%	38.18%	43.47%	40.08%	72.30%	72.83%	67.97%	67.16%	63.26%	61.41%	36.87%
Earnings before Interest and Taxes (EBIT)	425	454	375	334	326	316	399	391	509	602	671
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	729	764	698	661	658	658	778	762	901	1,024	1,123
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	2.20
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	2.31
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	3.48
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	18.17
Dividend Yield	4.39%	3.09%	3.12%	2.80%	2.45%	2.47%	2.02%	2.03%	1.86%	1.50%	1.44%
Earnings Yield	13.99%	12.43%	24.35%	8.94%	8.00%	5.57%	4.06%	4.32%	6.18%	5.17%	5.50%
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	1.22
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	10.34
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	16.03
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	26.84
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	34.66
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	27.77
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	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	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	3.43
Financial Leverage	2.82	2.74	2.30	2.13	2.30	2.44	2.55	2.70	2.84	2.95	3.00
Leverage Ratio	5.33	5.33	4.63	4.20	4.39	4.54	4.65	4.84	4.97	5.01	4.99
Compound Leverage Factor	3.38	3.59	2.65	2.15	1.96	1.80	2.27	2.19	2.40	2.18	2.08
Debt to Total Capital	76.63%	76.02%	71.00%	71.80%	74.04%	74.55%	75.41%	76.77%	77.04%	77.51%	77.52%
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%	0.51%
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%	77.01%
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%	5.47%
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%	17.01%
Debt to EBITDA	5.76	5.59	6.29	6.89	7.95	8.71	7.97	8.80	8.46	8.21	11.16
Net Debt to EBITDA	4.98	4.68	5.23	6.02	6.94	7.38	6.77	7.45	7.27	7.17	9.85
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	11.09
Debt to NOPAT	16.23	13.21	5.30	15.60	21.88	24.85	21.14	23.23	19.34	17.83	24.14
Net Debt to NOPAT	14.03	11.05	4.41	13.64	19.10	21.05	17.96	19.67	16.60	15.57	21.30
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	23.98
Altman Z-Score	0.98	1.08	1.08	1.02	1.03	0.96	1.02	0.99	0.97	1.03	0.78
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	14.56%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	60.32	141.74	119.26	2.73	6.94	18.42	28.08	35.52	2.67	2.64	2.37
Quick Ratio	57.99	140.79	118.51	2.67	3.53	18.41	28.07	35.50	2.67	2.64	2.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	331	319	308	-42	-179	-429	-135	-140	-718	-487	-4,575
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%	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	0.00
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	0.00
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	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.21	0.20	0.19	0.16	0.15	0.14	0.14	0.13	0.13	0.13	0.11
Accounts Receivable Turnover	18.66	18.27	16.27	13.79	15.72	17.20	17.40	18.03	18.40	19.48	8.57
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	0.25	0.25	0.23	0.18	0.19	0.18	0.17	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	1.60
Days Sales Outstanding (DSO)	19.56	19.98	22.44	26.46	23.21	21.22	20.97	20.24	19.84	18.74	42.61
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	228.50
Cash Conversion Cycle (CCC)	19.56	19.98	22.44	26.46	23.21	21.22	20.97	20.24	19.84	18.74	-185.89
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	14,694
Invested Capital Turnover	0.29	0.29	0.27	0.21	0.20	0.19	0.18	0.17	0.17	0.17	0.14
Increase / (Decrease) in Invested Capital	-72	4.80	520	334	418	660	428	429	1,112	958	5,094
Enterprise Value (EV)	5,097	5,643	5,710	6,343	7,209	7,574	8,784	9,290	10,744	12,842	17,998
Market Capitalization	1,468	2,069	2,062	2,363	2,639	2,717	3,524	3,611	4,196	5,501	6,055
Book Value per Share	$30.19	$33.76	$46.79	$47.51	$52.28	$55.93	$56.88	$57.66	$64.03	$68.70	$77.04
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	$73.51
Total Capital	5,478	5,619	6,181	6,340	7,069	7,692	8,213	8,736	9,899	10,845	16,169
Total Debt	4,197	4,272	4,389	4,552	5,234	5,735	6,193	6,707	7,626	8,406	12,534
Total Long-Term Debt	4,190	4,268	4,384	4,441	5,218	5,711	6,175	6,689	7,615	8,395	12,452
Net Debt	3,629	3,574	3,648	3,981	4,570	4,857	5,260	5,679	6,548	7,341	11,059
Capital Expenditures (CapEx)	663	573	537	876	700	835	1,075	-31	-20	-25	-37
Debt-free, Cash-free Net Working Capital (DFCFNWC)	227	228	213	196	372	142	164	162	-21	-18	-111
Debt-free Net Working Capital (DFNWC)	446	539	513	302	523	435	508	615	430	384	632
Net Working Capital (NWC)	439	535	509	192	507	411	490	597	419	373	550
Net Nonoperating Expense (NNE)	53	66	326	81	28	79	150	133	135	187	186
Net Nonoperating Obligations (NNO)	3,636	3,574	3,648	3,986	4,357	4,895	5,260	5,679	6,548	7,341	11,059
Total Depreciation and Amortization (D&A)	303	310	323	327	333	343	378	371	392	421	452
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%	-6.39%
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%	36.30%
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%	31.58%
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	$9.14
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	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	$9.12
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	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	$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	35.50M
Normalized Net Operating Profit after Tax (NOPAT)	212	256	233	232	202	201	216	235	295	365	413
Normalized NOPAT Margin	14.62%	18.06%	16.95%	19.75%	16.82%	16.66%	17.17%	18.46%	20.92%	23.01%	23.75%
Pre Tax Income Margin	18.64%	21.53%	15.57%	14.53%	12.08%	10.36%	15.52%	13.91%	17.40%	16.49%	16.04%
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	0.00
NOPAT to Interest Expense	1.67	2.18	5.16	1.79	1.33	1.21	1.44	1.35	1.50	1.38	0.00
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	0.00
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	0.00
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%	26.94%
Augmented Payout Ratio	94.30%	72.93%	33.51%	87.46%	103.84%	46.93%	61.08%	79.41%	32.10%	37.54%	46.44%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	35,500,000.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	35,500,000.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	2.41
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.18%	14.25%	12.10%	12.67%	12.58%	12.15%	10.98%	11.33%	8.36%	8.59%	38.45%
EBITDA Growth	22.41%	13.89%	9.63%	0.66%	27.32%	17.31%	8.94%	26.51%	-4.24%	10.76%	48.10%
EBIT Growth	36.59%	17.53%	11.11%	-4.29%	43.30%	25.93%	9.60%	41.36%	-10.53%	13.46%	39.70%
NOPAT Growth	56.39%	43.97%	8.61%	2.48%	46.74%	22.32%	14.24%	28.42%	-15.67%	16.83%	28.52%
Net Income Growth	80.41%	36.36%	-4.01%	-29.86%	69.52%	15.91%	5.79%	70.05%	-7.64%	26.80%	0.64%
EPS Growth	77.78%	29.93%	-6.02%	-30.46%	68.75%	18.54%	5.91%	70.25%	-7.41%	26.07%	9.30%
Operating Cash Flow Growth	4.11%	-33.50%	2.74%	-15.36%	13.06%	71.24%	27.25%	16.63%	36.27%	-29.95%	60.31%
Free Cash Flow Firm Growth	-3,166.56%	-183.29%	-155.13%	-26.44%	-11.32%	17.68%	34.92%	34.10%	74.42%	-662.40%	-577.58%
Invested Capital Growth	15.78%	14.43%	14.69%	12.40%	15.54%	10.86%	8.95%	7.96%	4.21%	53.06%	48.51%
Revenue Q/Q Growth	4.92%	2.39%	3.04%	1.79%	4.84%	2.00%	1.96%	2.11%	2.04%	2.21%	30.00%
EBITDA Q/Q Growth	-2.16%	0.54%	12.83%	-9.30%	23.75%	-7.37%	4.78%	5.33%	-6.20%	6.83%	40.06%
EBIT Q/Q Growth	-6.81%	-0.82%	25.10%	-17.22%	39.52%	-12.84%	8.88%	6.77%	-11.49%	9.97%	34.01%
NOPAT Q/Q Growth	-12.41%	21.92%	5.06%	-8.66%	25.42%	1.63%	-1.88%	2.68%	-17.64%	40.79%	7.94%
Net Income Q/Q Growth	-17.06%	25.71%	12.58%	-40.24%	100.45%	-14.04%	2.75%	-3.94%	8.87%	18.00%	-18.45%
EPS Q/Q Growth	-17.24%	23.61%	14.04%	-40.39%	100.83%	-13.17%	1.90%	-4.19%	9.22%	18.22%	-11.65%
Operating Cash Flow Q/Q Growth	-13.28%	-15.10%	-18.87%	41.70%	15.84%	28.59%	-39.71%	29.87%	35.34%	-33.90%	37.98%
Free Cash Flow Firm Q/Q Growth	-44.98%	5.18%	-4.12%	11.66%	-27.65%	29.88%	17.69%	10.55%	50.45%	-1,535.95%	6.55%
Invested Capital Q/Q Growth	1.67%	4.70%	2.57%	2.95%	4.51%	0.46%	0.80%	2.01%	0.89%	44.84%	-0.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	75.59%	123.84%	100.00%	100.00%	76.34%	123.19%	75.45%	75.73%	74.39%	76.12%	75.90%
EBITDA Margin	61.59%	60.48%	66.23%	59.01%	69.66%	63.26%	65.01%	67.06%	61.64%	64.43%	69.42%
Operating Margin	33.30%	33.36%	39.54%	35.12%	43.24%	36.42%	39.78%	41.30%	34.21%	39.02%	38.43%
EBIT Margin	33.80%	32.74%	39.75%	32.32%	43.02%	36.76%	39.26%	41.05%	35.60%	38.31%	39.49%
Profit (Net Income) Margin	14.58%	17.90%	19.56%	11.48%	21.95%	18.50%	18.64%	17.54%	18.71%	21.60%	13.55%
Tax Burden Percent	97.95%	137.21%	101.50%	105.21%	104.09%	126.45%	112.13%	93.79%	140.27%	138.77%	99.50%
Interest Burden Percent	44.04%	39.85%	48.48%	33.76%	49.03%	39.80%	42.36%	45.56%	37.47%	40.64%	34.49%
Effective Tax Rate	27.05%	13.31%	25.41%	24.64%	26.78%	13.39%	23.68%	26.09%	27.99%	13.02%	26.67%
Return on Invested Capital (ROIC)	4.22%	4.94%	5.06%	4.50%	5.37%	5.38%	5.23%	5.27%	4.23%	4.86%	4.38%
ROIC Less NNEP Spread (ROIC-NNEP)	3.62%	4.27%	4.45%	3.61%	4.79%	4.60%	4.52%	4.49%	3.87%	4.26%	3.44%
Return on Net Nonoperating Assets (RNNOA)	10.19%	12.14%	12.59%	10.44%	14.08%	13.56%	13.02%	12.85%	11.06%	12.76%	10.15%
Return on Equity (ROE)	14.41%	17.08%	17.64%	14.94%	19.45%	18.94%	18.24%	18.12%	15.29%	17.63%	14.53%
Cash Return on Invested Capital (CROIC)	-9.96%	-8.69%	-8.92%	-7.05%	-9.49%	-5.24%	-3.40%	-2.32%	0.88%	-37.66%	-34.50%
Operating Return on Assets (OROA)	4.50%	4.32%	5.34%	4.24%	5.76%	4.93%	5.20%	5.40%	4.73%	4.40%	4.86%
Return on Assets (ROA)	1.94%	2.36%	2.63%	1.51%	2.94%	2.48%	2.47%	2.31%	2.48%	2.48%	1.67%
Return on Common Equity (ROCE)	14.41%	17.08%	17.64%	14.94%	19.45%	18.94%	18.24%	18.12%	15.29%	15.06%	12.47%
Return on Equity Simple (ROE_SIMPLE)	11.11%	0.00%	11.02%	10.12%	11.23%	0.00%	11.32%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	87	107	112	102	128	130	128	131	108	152	164
NOPAT Margin	24.29%	28.92%	29.49%	26.46%	31.66%	31.54%	30.36%	30.53%	24.64%	33.94%	28.18%
Net Nonoperating Expense Percent (NNEP)	0.60%	0.66%	0.60%	0.89%	0.58%	0.78%	0.70%	0.78%	0.35%	0.61%	0.93%
Return On Investment Capital (ROIC_SIMPLE)	-	1.08%	-	-	-	1.20%	1.13%	1.14%	0.93%	0.94%	1.02%
Cost of Revenue to Revenue	24.41%	-23.84%	0.00%	0.00%	23.66%	-23.19%	24.55%	24.27%	25.61%	23.88%	24.10%
SG&A Expenses to Revenue	17.50%	19.50%	18.29%	18.72%	17.59%	19.54%	17.22%	17.35%	18.89%	19.51%	15.95%
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	42.29%	90.48%	60.46%	64.88%	33.10%	86.77%	35.67%	34.43%	40.18%	37.10%	37.47%
Earnings before Interest and Taxes (EBIT)	122	121	151	125	174	152	166	177	156	172	231
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	222	223	252	228	282	262	274	289	271	289	405
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.74	1.85	2.04	2.01	1.94	2.26	2.17	2.05	2.29	2.20	2.18
Price to Tangible Book Value (P/TBV)	1.84	1.95	2.15	2.12	2.04	2.37	2.27	2.16	2.40	2.31	2.28
Price to Revenue (P/Rev)	2.77	2.97	3.26	3.15	3.06	3.47	3.40	3.28	3.65	3.48	3.19
Price to Earnings (P/E)	15.66	16.19	18.50	19.87	17.23	19.36	19.16	17.15	19.89	18.17	17.82
Dividend Yield	2.03%	1.86%	1.67%	1.71%	1.73%	1.50%	1.51%	1.55%	1.38%	1.44%	1.46%
Earnings Yield	6.39%	6.18%	5.41%	5.03%	5.80%	5.17%	5.22%	5.83%	5.03%	5.50%	5.61%
Enterprise Value to Invested Capital (EV/IC)	1.19	1.22	1.27	1.25	1.23	1.31	1.30	1.28	1.35	1.22	1.22
Enterprise Value to Revenue (EV/Rev)	7.35	7.62	7.89	7.81	7.80	8.10	7.89	7.70	8.01	10.34	9.42
Enterprise Value to EBITDA (EV/EBITDA)	11.48	11.92	12.42	12.64	12.19	12.54	12.27	11.63	12.47	16.03	14.29
Enterprise Value to EBIT (EV/EBIT)	20.44	21.11	21.87	22.54	21.04	21.32	20.81	19.25	20.99	26.84	24.35
Enterprise Value to NOPAT (EV/NOPAT)	27.40	27.24	28.38	28.68	26.85	27.24	26.30	24.93	27.43	34.66	32.19
Enterprise Value to Operating Cash Flow (EV/OCF)	17.27	20.65	21.91	23.46	23.26	21.33	20.42	19.75	19.23	27.77	24.79
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	156.41	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.26	3.36	3.38	3.61	3.49	3.45	3.43	3.31	3.26	3.45	3.41
Long-Term Debt to Equity	3.25	3.35	3.37	3.60	3.48	3.44	3.39	3.27	3.22	3.43	3.40
Financial Leverage	2.82	2.84	2.83	2.89	2.94	2.95	2.88	2.86	2.86	3.00	2.95
Leverage Ratio	4.99	4.97	4.89	5.04	4.99	5.01	5.04	5.07	4.98	4.99	4.98
Compound Leverage Factor	2.20	1.98	2.37	1.70	2.45	2.00	2.13	2.31	1.87	2.03	1.72
Debt to Total Capital	76.51%	77.04%	77.16%	78.30%	77.70%	77.51%	77.45%	76.82%	76.54%	77.52%	77.34%
Short-Term Debt to Total Capital	0.13%	0.11%	0.11%	0.10%	0.10%	0.10%	0.90%	0.92%	1.01%	0.51%	0.31%
Long-Term Debt to Total Capital	76.37%	76.93%	77.05%	78.20%	77.60%	77.41%	76.55%	75.90%	75.52%	77.01%	77.03%
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%	5.47%	5.44%
Common Equity to Total Capital	23.49%	22.96%	22.84%	21.70%	22.30%	22.49%	22.55%	23.18%	23.46%	17.01%	17.22%
Debt to EBITDA	8.10	8.46	8.50	9.15	8.62	8.21	8.37	7.99	8.10	11.16	9.95
Net Debt to EBITDA	7.15	7.27	7.28	7.54	7.41	7.17	6.98	6.67	6.78	9.85	8.76
Long-Term Debt to EBITDA	8.09	8.45	8.49	9.13	8.61	8.20	8.27	7.90	7.99	11.09	9.91
Debt to NOPAT	19.34	19.34	19.44	20.76	18.98	17.83	17.94	17.14	17.82	24.14	22.41
Net Debt to NOPAT	17.07	16.60	16.65	17.11	16.31	15.57	14.97	14.31	14.93	21.30	19.72
Long-Term Debt to NOPAT	19.30	19.31	19.42	20.73	18.95	17.81	17.73	16.94	17.59	23.98	22.32
Altman Z-Score	0.87	0.85	0.92	0.90	0.88	0.91	0.90	0.89	0.92	0.69	0.73
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	14.56%	14.15%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	33.18	2.67	65.44	97.21	64.61	2.64	2.89	2.93	2.55	2.37	3.32
Quick Ratio	33.17	2.67	65.43	97.19	64.60	2.64	2.89	2.93	2.55	2.37	3.32
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,061	-1,006	-1,047	-925	-1,181	-828	-682	-610	-302	-4,942	-4,618
Operating Cash Flow to CapEx	39.54%	0.00%	26.27%	31.93%	32.03%	0.00%	42.95%	77.29%	61.77%	0.00%	4.42%
Free Cash Flow to Firm to Interest Expense	-15.58	-13.85	-13.46	-11.17	-13.28	-9.05	-7.18	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	2.08	1.66	1.25	1.67	1.80	2.25	1.31	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-3.18	1.71	-3.52	-3.56	-3.82	2.30	-1.74	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.13	0.11	0.12
Accounts Receivable Turnover	18.56	18.40	17.38	17.92	18.22	19.48	16.46	16.30	17.24	8.57	14.75
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	0.15
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.60	1.81
Days Sales Outstanding (DSO)	19.67	19.84	21.00	20.37	20.03	18.74	22.17	22.39	21.17	42.61	24.75
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	228.50	201.89
Cash Conversion Cycle (CCC)	19.67	19.84	21.00	20.37	20.03	18.74	22.17	22.39	21.17	-185.89	-177.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,426	8,821	9,048	9,315	9,735	9,780	9,858	10,056	10,145	14,694	14,640
Invested Capital Turnover	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.14	0.16
Increase / (Decrease) in Invested Capital	1,148	1,112	1,159	1,027	1,309	958	810	741	410	5,094	4,782
Enterprise Value (EV)	10,035	10,744	11,461	11,683	12,013	12,842	12,836	12,868	13,649	17,998	17,923
Market Capitalization	3,784	4,196	4,737	4,712	4,715	5,501	5,528	5,482	6,223	6,055	6,061
Book Value per Share	$61.43	$64.03	$64.92	$65.83	$68.45	$68.70	$71.61	$74.78	$76.37	$77.04	$78.26
Tangible Book Value per Share	$58.15	$60.65	$61.63	$62.53	$65.05	$65.49	$68.29	$71.24	$72.83	$73.51	$74.75
Total Capital	9,256	9,899	10,175	10,799	10,929	10,845	11,304	11,517	11,588	16,169	16,133
Total Debt	7,081	7,626	7,851	8,456	8,492	8,406	8,755	8,847	8,869	12,534	12,477
Total Long-Term Debt	7,069	7,615	7,840	8,445	8,481	8,395	8,653	8,741	8,751	12,452	12,427
Net Debt	6,251	6,548	6,724	6,971	7,298	7,341	7,308	7,386	7,426	11,059	10,984
Capital Expenditures (CapEx)	358	-3.80	372	433	500	-4.70	289	209	353	-11	4,509
Debt-free, Cash-free Net Working Capital (DFCFNWC)	205	-21	228	216	213	-18	-18	-2.80	-24	-111	70
Debt-free Net Working Capital (DFNWC)	408	430	707	1,040	717	384	739	752	672	632	811
Net Working Capital (NWC)	396	419	696	1,029	706	373	638	646	555	550	761
Net Nonoperating Expense (NNE)	35	41	38	58	39	54	49	56	26	55	85
Net Nonoperating Obligations (NNO)	6,251	6,548	6,724	6,971	7,298	7,341	7,308	7,386	7,426	11,059	10,984
Total Depreciation and Amortization (D&A)	100	102	101	103	108	110	109	112	114	117	175
Debt-free, Cash-free Net Working Capital to Revenue	15.01%	-1.50%	15.67%	14.46%	13.85%	-1.14%	-1.12%	-0.17%	-1.42%	-6.39%	3.68%
Debt-free Net Working Capital to Revenue	29.90%	30.45%	48.67%	69.55%	46.55%	24.21%	45.43%	45.03%	39.43%	36.30%	42.63%
Net Working Capital to Revenue	29.00%	29.67%	47.93%	68.84%	45.83%	23.55%	39.20%	38.68%	32.55%	31.58%	40.02%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.44	$1.76	$2.04	$1.22	$2.44	$2.10	$2.15	$2.07	$2.25	$2.67	$2.35
Adjusted Weighted Average Basic Shares Outstanding	35.70M	35.70M	35.80M	35.80M	35.80M	35.80M	35.90M	35.90M	35.90M	35.80M	35.70M
Adjusted Diluted Earnings per Share	$1.44	$1.78	$2.03	$1.21	$2.43	$2.11	$2.15	$2.06	$2.25	$2.66	$2.35
Adjusted Weighted Average Diluted Shares Outstanding	35.80M	35.70M	35.90M	35.90M	35.90M	35.90M	36M	35.90M	36M	35.90M	35.80M
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	35.50M	35.50M	35.60M	35.60M	35.50M	35.60M	35.70M	35.60M	35.70M	35.50M	35.50M
Normalized Net Operating Profit after Tax (NOPAT)	75	85	85	83	93	106	102	101	92	118	127
Normalized NOPAT Margin	20.87%	23.00%	22.38%	21.47%	22.90%	25.68%	24.31%	23.57%	20.85%	26.21%	21.77%
Pre Tax Income Margin	14.88%	13.05%	19.27%	10.91%	21.09%	14.63%	16.63%	18.70%	13.34%	15.57%	13.62%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.79	1.66	1.94	1.51	1.96	1.66	1.74	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	1.28	1.47	1.44	1.24	1.44	1.43	1.35	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-3.48	1.71	-2.83	-3.72	-3.66	1.71	-1.30	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-3.98	1.52	-3.34	-4.00	-4.18	1.48	-1.70	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	32.86%	31.10%	31.90%	34.91%	30.62%	29.84%	29.91%	27.38%	28.36%	26.94%	27.41%
Augmented Payout Ratio	32.86%	32.10%	34.71%	39.76%	39.53%	37.54%	36.57%	36.80%	34.34%	46.44%	47.45%

Financials Breakdown Chart

Key Financial Trends

GATX Corp (NYSE: GATX) shows a pattern of steady revenue, solid cash generation from operations, and meaningful financing activity in late 2025 that bolsters liquidity. Below are the key takeaways drawn from the last four years of quarterly income statements, cash flow statements, and balance sheets.

Total Revenue in Q4 2025: $449.0 million, up from $413.5 million in Q4 2024 (roughly 8–9% year-over-year growth).
Net income attributable to common shareholders in Q4 2025: $97.0 million, up from $76.5 million in Q4 2024, signaling stronger quarterly profitability.
Gross margin remains robust and around the mid-70s percentage; Q4 2025 gross profit of $341.8 million on $449.0 million revenue yields about 76% gross margin.
Operating income margin improved: Q4 2025 operating income of $175.2 million on $449.0 million revenue (~39% margin) versus a lower margin in prior year’s quarter.
Operating cash flow remains solid: Net cash from continuing operating activities was $144.3 million in Q4 2025, part of a trend of positive quarterly cash generation (consistent with 120–218 million in other recent quarters).
Financing activity boosted liquidity in Q4 2025: Issuance of debt of $3.71 billion and net cash from continuing financing activities of about $4.51 billion, contributing to a strong net increase in cash for the quarter.
Balance sheet size has grown modestly: Total assets rose from about $12.97 billion in early 2025 to roughly $13.30 billion by mid-2025, indicating asset growth funded by ongoing financing.
Debt level remains substantial but relatively stable: Long-term debt sits in the mid-to-high $8 billion range across 2025, reflecting a high but steady leverage position.
Depreciation and SG&A are sizable but routine: Depreciation expense generally in the $100 million range per quarter; SG&A expenses around $70–90 million, reflecting normal ongoing operations and non-cash/non-cash-adjustment dynamics.
Investing cash outflows are recurring and sizable: Net cash from continuing investing activities was negative in every recent quarter (for example, Q4 2025: −$364.4 million; Q3 2025: −$287.4 million), driven by ongoing capex and investments that reduce cash on hand.

05/14/26 09:16 AM ETAI Generated. May Contain Errors.

GATX Financials - Frequently Asked Questions

According to the most recent income statement we have on file, GATX's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

The last 5 years of GATX's net income performance:

2021: $143.10 million
2022: $155.90 million
2023: $259.20 million
2024: $284.20 million
2025: $333.30 million

Find out what analysts predict for GATX in the coming months.

GATX's total operating income in 2025 was $671 million, based on the following breakdown:

Total Gross Profit: $1.31 billion
Total Operating Expenses: $641.70 million

Over the last 10 years, GATX's total revenue changed from $1.45 billion in 2015 to $1.74 billion in 2025, a change of 20.0%.

GATX's total liabilities were at $14.36 billion at the end of 2025, a 45.7% increase from 2024, and a 155.9% increase since 2015.

In the past 10 years, GATX's cash and equivalents has ranged from $100.20 million in 2018 to $743 million in 2025, and is currently $743 million as of their latest financial filing in 2025.

Over the last 10 years, GATX's book value per share changed from 30.19 in 2015 to 77.04 in 2025, a change of 155.2%.

Related Companies

Financial statements for NYSE:GATX last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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GATX (GATX) Financials

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GATX (GATX) Financials

Annual Income Statements for GATX

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Quarterly Cash Flow Statements for GATX

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How has GATX's net income changed over the last 10 years?

What is GATX's operating income?

How has GATX's revenue changed over the last 10 years?

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How has GATX's book value per share changed over the last 10 years?

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