NYSE : GATX
GATX Corporation — Financial statements
Industrials · Rental & Leasing Services · United States
Last price 189.86 USD (Nov 2, 2026, 12:58 PM EST) · Market cap 6.63B
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Financial statements
GATX Corporation (GATX) reported revenue of 2.21B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 2.01B | 1.57B | 1.45B | 1.30B | 1.18B | 1.16B |
| Other Revenue | 201.80M | 167.50M | 139.80M | 115.00M | 98.00M | 97.80M |
| Revenue | 2.21B | 1.74B | 1.59B | 1.41B | 1.27B | 1.26B |
| Cost of Revenue | 571.30M | 456.60M | 415.50M | 387.30M | 342.90M | 353.80M |
| Gross Profit | 1.64B | 1.28B | 1.17B | 1.02B | 930.10M | 903.60M |
| Selling, General & Admin | 270.60M | 242.20M | 232.20M | 208.80M | 205.10M | 203.00M |
| Other Operating Expenses | 88.30M | 65.30M | 57.70M | 46.60M | 37.40M | 44.00M |
| Operating Expenses | 972.10M | 739.30M | 692.30M | 631.70M | 600.00M | 611.40M |
| Operating Income | 667.40M | 544.50M | 477.70M | 391.90M | 330.10M | 292.20M |
| Interest Expense | -569.30M | -420.90M | -365.30M | -278.60M | -220.40M | -204.70M |
| Interest & Investment Income | 29.40M | 29.40M | 24.30M | 15.20M | 6.40M | 700.00K |
| Earnings From Equity Investments | 127.10M | 117.30M | 82.80M | 72.40M | 33.60M | 1.20M |
| Currency Exchange Gain (Loss) | 1.20M | 1.30M | 600.00K | 6.90M | -4.60M | -800.00K |
| Other Non Operating Income (Expenses) | 11.90M | -5.60M | -10.90M | -20.20M | -12.30M | 1.80M |
| EBT Excluding Unusual Items | 267.70M | 266.00M | 209.20M | 187.60M | 132.80M | 90.40M |
| Merger & Restructuring Charges | -2.70M | -6.50M | ||||
| Gain (Loss) on Sale of Assets | 212.30M | 136.90M | 138.30M | 130.30M | 77.90M | 105.90M |
| Legal Settlements | -3.30M | |||||
| Pretax Income | 477.30M | 396.40M | 344.20M | 317.90M | 210.70M | 196.30M |
| Income Tax Expense | 83.00M | 63.10M | 60.00M | 58.70M | 54.80M | 53.20M |
| Earnings From Continuing Operations | 394.30M | 333.30M | 284.20M | 259.20M | 155.90M | 143.10M |
| Net Income | 391.10M | 333.30M | 284.20M | 259.20M | 155.90M | 143.10M |
| Preferred Dividends & Other Adjustments | 6.70M | 5.50M | 4.90M | 4.90M | ||
| Net Income to Common | 384.40M | 327.80M | 279.30M | 254.30M | 155.90M | 143.10M |
| Shares Outstanding (Basic) | 35.50M | 35.80M | 35.80M | 35.70M | 35.40M | 35.40M |
| Shares Outstanding (Diluted) | 35.60M | 35.90M | 35.90M | 35.70M | 35.90M | 36.00M |
| EPS (Basic) | 10.83 | 9.16 | 7.80 | 7.12 | 4.40 | 4.04 |
| EPS (Diluted) | 10.77 | 9.12 | 7.78 | 7.12 | 4.35 | 3.98 |
| Free Cash Flow | -4.48B | -683.60M | -1.07B | -1.14B | -722.30M | -622.90M |
| Free Cash Flow Per Share | -125.82 | -19.04 | -29.87 | -32.06 | -20.12 | -17.30 |
| Dividend Per Share | 2.59 | 2.44 | 2.32 | 2.20 | 2.08 | 2.00 |
| Gross Margin | 74.16% | 73.77% | 73.79% | 72.55% | 73.06% | 71.86% |
| Operating Margin | 30.19% | 31.29% | 30.13% | 27.78% | 25.93% | 23.24% |
| Profit Margin | 17.39% | 18.83% | 17.62% | 18.02% | 12.25% | 11.38% |
| Free Cash Flow Margin | -202.61% | -39.28% | -67.63% | -81.13% | -56.74% | -49.54% |
| EBITDA | 1.30B | 996.80M | 899.10M | 784.00M | 701.40M | 670.60M |
| EBITDA Margin | 58.95% | 57.27% | 56.71% | 55.57% | 55.10% | 53.33% |
| D&A For EBITDA | 635.90M | 452.30M | 421.40M | 392.10M | 371.30M | 378.40M |
| EBIT | 667.40M | 544.50M | 477.70M | 391.90M | 330.10M | 292.20M |
| EBIT Margin | 30.19% | 31.29% | 30.13% | 27.78% | 25.93% | 23.24% |
| Effective Tax Rate | 17.39% | 15.92% | 17.43% | 18.46% | 26.01% | 27.10% |
| Revenue as Reported | 2.21B | 1.74B | 1.59B | 1.41B | 1.27B | 1.26B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 390.00M | 743.00M | 401.60M | 450.70M | 303.70M | 344.30M |
| Short-Term Investments | 148.50M | |||||
| Trading Asset Securities | 50.60M | 1.40M | ||||
| Cash & Short-Term Investments | 440.60M | 743.00M | 401.60M | 450.70M | 452.20M | 345.70M |
| Accounts Receivable | 317.20M | 207.20M | 199.10M | 218.40M | 162.00M | 163.80M |
| Other Receivables | 85.90M | 44.10M | ||||
| Receivables | 317.20M | 293.10M | 243.20M | 218.40M | 162.00M | 163.80M |
| Inventory | 84.00M | 71.80M | 74.00M | 60.20M | 52.00M | |
| Prepaid Expenses | 24.90M | 18.40M | 14.30M | 12.70M | 42.00M | |
| Restricted Cash | 200.00K | 4.24B | 200.00K | 100.00K | 300.00K | 200.00K |
| Other Current Assets | 300.00K | 4.00M | 400.00K | 1.30M | 40.70M | 11.30M |
| Total Current Assets | 758.30M | 5.39B | 735.60M | 758.80M | 728.10M | 615.00M |
| Property, Plant & Equipment | 115.40M | 173.30M | 192.20M | 240.50M | 273.00M | 302.40M |
| Long-Term Investments | 754.10M | 732.30M | 663.30M | 627.00M | 575.10M | 588.40M |
| Goodwill | 122.60M | 126.30M | 114.10M | 120.00M | 117.20M | 123.00M |
| Long-Term Deferred Charges | 3.60M | 3.50M | 2.00M | 2.50M | 2.80M | |
| Other Long-Term Assets | 15.54B | 11.57B | 10.59B | 9.58B | 8.38B | 7.91B |
| Total Assets | 17.29B | 18.00B | 12.30B | 11.33B | 10.07B | 9.54B |
| Accounts Payable | 297.80M | 318.40M | 217.10M | 239.60M | 202.20M | 215.80M |
| Accrued Expenses | 10.30M | 12.00M | 2.80M | 4.70M | 3.50M | |
| Short-Term Debt | 34.60M | 82.20M | 10.40M | 11.00M | 17.30M | 18.10M |
| Current Portion of Long-Term Debt | 800.00K | 28.50M | 4.00M | 8.00M | 11.60M | 300.00K |
| Current Portion of Leases | 7.90M | 36.80M | 1.50M | |||
| Other Current Liabilities | 5.80M | 12.50M | 8.10M | 10.50M | 500.00K | |
| Total Current Liabilities | 346.90M | 488.70M | 251.60M | 271.90M | 236.30M | 239.20M |
| Long-Term Debt | 11.90B | 12.45B | 8.22B | 7.39B | 6.43B | 5.89B |
| Long-Term Leases | 123.50M | 117.50M | 180.00M | 226.80M | 257.90M | 286.20M |
| Pension & Post-Retirement Benefits | 41.50M | 38.50M | 47.00M | 47.80M | 68.30M | |
| Long-Term Deferred Tax Liabilities | 1.25B | 1.20B | 1.13B | 1.08B | 1.03B | 1.00B |
| Other Long-Term Liabilities | 122.50M | 69.30M | 44.90M | 38.10M | 37.40M | 40.30M |
| Total Liabilities | 13.75B | 14.36B | 9.86B | 9.05B | 8.04B | 7.52B |
| Common Stock | 43.00M | 42.90M | 42.70M | 42.50M | 42.40M | 42.20M |
| Additional Paid-In Capital | 870.90M | 875.40M | 847.10M | 816.10M | 792.20M | 763.80M |
| Retained Earnings | 3.67B | 3.45B | 3.21B | 3.01B | 2.83B | 2.75B |
| Treasury Stock | -1.64B | -1.51B | -1.45B | -1.43B | -1.42B | -1.38B |
| Comprehensive Income & Other | -157.70M | -104.60M | -209.60M | -167.60M | -211.60M | -160.60M |
| Total Common Equity | 2.78B | 2.75B | 2.44B | 2.27B | 2.03B | 2.02B |
| Minority Interest | 753.60M | 884.60M | ||||
| Shareholders' Equity | 3.54B | 3.64B | 2.44B | 2.27B | 2.03B | 2.02B |
| Total Liabilities & Equity | 17.29B | 18.00B | 12.30B | 11.33B | 10.07B | 9.54B |
| Total Debt | 12.07B | 12.72B | 8.41B | 7.63B | 6.72B | 6.19B |
| Net Cash (Debt) | -11.63B | -11.97B | -8.01B | -7.18B | -6.27B | -5.85B |
| Net Cash Per Share | -326.69 | -333.53 | -223.07 | -201.21 | -174.54 | -162.44 |
| Filing Date Shares Outstanding | 34.90M | 35.50M | 35.60M | 35.50M | 35.30M | 35.40M |
| Total Common Shares Outstanding | 34.90M | 35.40M | 35.58M | 35.46M | 35.27M | 35.42M |
| Working Capital | 411.40M | 4.90B | 484.00M | 486.90M | 491.80M | 375.80M |
| Book Value Per Share | 79.80 | 77.70 | 68.56 | 64.09 | 57.55 | 57.00 |
| Tangible Book Value | 2.66B | 2.62B | 2.32B | 2.15B | 1.91B | 1.90B |
| Tangible Book Value Per Share | 76.28 | 74.13 | 65.35 | 60.71 | 54.22 | 53.53 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 391.10M | 333.30M | 284.20M | 259.20M | 155.90M | 143.10M |
| Depreciation & Amortization | 635.90M | 452.30M | 421.40M | 392.10M | 371.30M | 378.40M |
| Loss (Gain) From Sale of Assets | -214.30M | -140.00M | -137.80M | -130.90M | -121.20M | -99.40M |
| Asset Writedown & Restructuring Costs | 2.40M | 3.60M | 1.50M | 48.90M | 2.40M | |
| Loss (Gain) on Equity Investments | -7.90M | -67.30M | -32.80M | -47.40M | 12.70M | -1.20M |
| Stock-Based Compensation | 25.00M | 25.00M | 23.00M | 18.30M | 12.70M | 17.40M |
| Other Operating Activities | 68.40M | 53.00M | 45.00M | 34.00M | 38.10M | 43.00M |
| Change in Other Net Operating Assets | -36.80M | -11.80M | -900.00K | -6.40M | 15.10M | 23.50M |
| Operating Cash Flow | 863.80M | 648.10M | 602.10M | 520.40M | 533.50M | 507.20M |
| Capital Expenditures | -5.34B | -1.33B | -1.67B | -1.67B | -1.26B | -1.13B |
| Sale of Property, Plant & Equipment | 598.10M | 275.00M | 230.60M | 272.80M | 269.60M | 187.10M |
| Cash Acquisitions | -1.40M | |||||
| Investment in Securities | 150.00M | -148.50M | -400.00K | |||
| Other Investing Activities | 64.20M | 39.90M | 27.10M | 22.90M | 61.20M | 28.20M |
| Investing Cash Flow | -4.68B | -1.02B | -1.42B | -1.22B | -1.07B | -916.60M |
| Short-Term Debt Issued | 70.40M | |||||
| Long-Term Debt Issued | 4.84B | 1.30B | 1.42B | 848.30M | 1.49B | |
| Total Debt Issued | 4.77B | 4.91B | 1.30B | 1.42B | 848.30M | 1.49B |
| Short-Term Debt Repaid | -7.10M | -4.10M | ||||
| Long-Term Debt Repaid | -733.40M | -413.50M | -500.00M | -250.00M | -884.00M | |
| Total Debt Repaid | -1.66B | -733.40M | -413.50M | -507.10M | -250.00M | -888.10M |
| Net Debt Issued (Repaid) | 3.11B | 4.18B | 882.10M | 912.90M | 598.30M | 603.80M |
| Repurchase of Common Stock | -174.20M | -65.00M | -21.90M | -2.60M | -47.20M | -13.10M |
| Common Dividends Paid | -94.50M | -89.80M | -84.80M | -80.60M | -76.60M | -74.30M |
| Other Financing Activities | 674.00M | 921.10M | -4.90M | 14.40M | 29.90M | -53.30M |
| Financing Cash Flow | 3.52B | 4.94B | 770.50M | 844.10M | 504.40M | 463.10M |
| Foreign Exchange Rate Adjustments | -5.00M | 7.00M | -4.90M | 1.60M | -4.90M | -1.80M |
| Net Cash Flow | -306.20M | 4.58B | -49.00M | 146.80M | -40.50M | 51.90M |
| Free Cash Flow | -4.48B | -683.60M | -1.07B | -1.14B | -722.30M | -622.90M |
| Free Cash Flow Margin | -202.61% | -39.28% | -67.63% | -81.13% | -56.74% | -49.54% |
| Free Cash Flow Per Share | -125.82 | -19.04 | -29.87 | -32.06 | -20.12 | -17.30 |
| Levered Free Cash Flow | -4.67B | -4.99B | -1.20B | -1.17B | -821.74M | -656.11M |
| Unlevered Free Cash Flow | -4.31B | -4.72B | -973.04M | -996.36M | -683.99M | -528.17M |
| Cash Income Tax Paid | 14.50M | 14.50M | 23.00M | 17.30M | 18.70M | 10.30M |
| Change in Working Capital | -36.80M | -11.80M | -900.00K | -6.40M | 15.10M | 23.50M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.58B | 6.05B | 5.51B | 4.27B | 3.75B | 3.70B |
| Enterprise Value | 18.21B | 14.39B | 13.50B | 11.16B | 9.79B | 9.47B |
| Last Close Price | 188.68 | 167.72 | 150.98 | 115.17 | 99.96 | 95.96 |
| PE Ratio | 17.51 | 18.46 | 19.72 | 16.77 | 24.03 | 25.83 |
| Forward PE | 17.59 | 17.78 | 19.59 | 17.84 | 17.34 | 21.69 |
| PS Ratio | 2.98 | 3.48 | 3.47 | 3.02 | 2.94 | 2.94 |
| PB Ratio | 2.36 | 1.67 | 2.26 | 1.88 | 1.85 | 1.83 |
| P/TBV Ratio | 2.47 | 2.31 | 2.37 | 1.98 | 1.96 | 1.95 |
| P/OCF Ratio | 7.62 | 9.34 | 9.15 | 8.20 | 7.02 | 7.29 |
| PEG Ratio | 2.93 | 2.96 | 2.11 | 3.36 | 1.73 | 2.89 |
| EV/Sales Ratio | 8.24 | 8.27 | 8.52 | 7.91 | 7.69 | 7.53 |
| EV/EBITDA Ratio | 13.98 | 14.43 | 15.02 | 14.23 | 13.96 | 14.12 |
| EV/EBIT Ratio | 27.29 | 26.42 | 28.26 | 28.46 | 29.66 | 32.41 |
| Debt / Equity Ratio | 3.41 | 3.50 | 3.45 | 3.36 | 3.31 | 3.07 |
| Debt / EBITDA Ratio | 9.03 | 12.32 | 8.96 | 9.25 | 9.04 | 8.72 |
| Net Debt / Equity Ratio | 3.29 | 3.29 | 3.28 | 3.16 | 3.09 | 2.90 |
| Net Debt / EBITDA Ratio | 8.92 | 12.01 | 8.91 | 9.16 | 8.93 | 8.72 |
| Net Debt / FCF Ratio | -2.60 | -17.52 | -7.47 | -6.28 | -8.68 | -9.39 |
| Asset Turnover | 0.14 | 0.12 | 0.13 | 0.13 | 0.13 | 0.14 |
| Inventory Turnover | 5.86 | 5.70 | 5.77 | 6.11 | 6.08 | |
| Quick Ratio | 2.18 | 2.12 | 2.56 | 2.46 | 2.60 | 2.13 |
| Current Ratio | 2.19 | 11.03 | 2.92 | 2.79 | 3.08 | 2.57 |
| Return on Equity (ROE) | 12.60% | 10.97% | 12.06% | 12.05% | 7.70% | 7.20% |
| Return on Assets (ROA) | 2.73% | 2.25% | 2.53% | 2.29% | 2.10% | 1.98% |
| Return on Invested Capital (ROIC) | 3.62% | 3.51% | 3.96% | 3.60% | 3.02% | 2.79% |
| Return on Capital Employed (ROCE) | 3.90% | 3.10% | 4.00% | 3.50% | 3.40% | 3.10% |
| Earnings Yield | 5.71% | 5.51% | 5.16% | 6.08% | 4.16% | 3.87% |
| FCF Yield | -68.03% | -11.30% | -19.47% | -26.83% | -19.28% | -16.85% |
| Dividend Yield | 1.40% | 1.43% | 1.50% | 1.83% | 1.96% | 1.92% |
| Payout Ratio | 24.50% | 26.94% | 29.84% | 31.10% | 49.13% | 51.92% |
| Buyback Yield / Dilution | 1.04% | -0.56% | 0.56% | 0.28% | -1.70% | |
| Total Shareholder Return | 2.44% | 1.43% | 0.94% | 2.39% | 2.24% | 0.22% |