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GATX Corporation, together its subsidiaries, operates as railcar leasing company in the United States, Canada, Mexico, Europe, and India. It operates through three segments: Rail North America, Rail International, and Engine Leasing. The company leases tank and freight railcars, and locomotives for petroleum, chemical, food/agriculture, and transportation industries. It also offers maintenance services, including the interior cleaning of railcars, routine maintenance and repair of car body and safety appliances, regulatory compliance works, wheelset replacements, interior blast and lining, exterior blast and painting, and car stenciling services. In addition, the company manufactures commercial aircraft jet engines and leases aircraft spare engines; and owns and manages tank containers that are leased to chemical, industrial gas, energy, food, cryogenic and pharmaceutical industries, transport and logistic, and tank container operators, as well as provides tank container leasing, remarketing, and inspection and maintenance services. As of December 31, 2025, it owned and operated a fleet of approximately 156,000 railcars; 567 four-axle and 60 six-axle locomotives; 456 aircraft spare engines; and 25,602 tank containers. GATX Corporation was founded in 1898 and is headquartered in Chicago, Illinois.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.7B | $1.1B | $333M | $648M | 9.2% | 9.8% | 17.3% |
| 2024 | $1.6B | $1.0B | $284M | $602M | 11.7% | 12.4% | 9.6% |
| 2023 | $1.4B | $901M | $259M | $520M | 11.4% | 10.8% | 66.3% |
| 2022 | $1.3B | $762M | $156M | $534M | 7.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,273 | 1,410.90 | 1,585.50 | 1,740.40 |
| Cost Of Revenue | 700.40 | 763.60 | 817.90 | 888.40 |
| Gross Profit | 572.60 | 647.30 | 767.60 | 852 |
| Operating Expense | 232.40 | 259.30 | 294 | 317.90 |
| Operating Income | 340.20 | 388 | 473.60 | 534.10 |
| EBITDA | 762.40 | 901 | 1,023.80 | 1,122.90 |
| EBIT | 391.10 | 508.90 | 602.40 | 670.60 |
| Pretax Income | 177.10 | 245.50 | 261.40 | 279.10 |
| Tax Provision | 54.80 | 58.70 | 60 | 63.10 |
| Net Income | 155.90 | 259.20 | 284.20 | 333.30 |
| Net Income Common Stockholders | 155.90 | 259.20 | 284.20 | 333.30 |
| Total Expenses | 932.80 | 1,022.90 | 1,111.90 | 1,206.30 |
| Interest Expense | 214 | 263.40 | 341 | 391.50 |
| Selling General And Administration | 195 | 212.70 | 236.30 | 252.60 |
| Normalized EBITDA | 684.50 | 770.70 | 885.50 | 986 |
| Normalized Income | 102.07 | 160.04 | 177.71 | 227.34 |
| Basic EPS | 4.41 | 7.13 | 7.80 | 9.14 |
| Diluted EPS | 4.35 | 7.12 | 7.78 | 9.12 |
| Tax Effect Of Unusual Items | 24.07 | 31.14 | 31.81 | 30.94 |
| Tax Rate For Calcs | 0.31 | 0.24 | 0.23 | 0.23 |
| Total Unusual Items | 77.90 | 130.30 | 138.30 | 136.90 |
| Total Unusual Items Excluding Goodwill | 77.90 | 130.30 | 138.30 | 136.90 |
| Net Income From Continuing Operation Net Minority Interest | 155.90 | 259.20 | 284.20 | 333.30 |
| Reconciled Depreciation | 371.30 | 392.10 | 421.40 | 452.30 |
| Reconciled Cost Of Revenue | 700.40 | 763.60 | 817.90 | 888.40 |
| Net Interest Income | -214 | -263.40 | -341 | -391.50 |
| Net Income From Continuing And Discontinued Operation | 155.90 | 259.20 | 284.20 | 333.30 |
| Rent Expense Supplemental | 36.10 | 36 | 33.90 | 28.90 |
| Diluted Average Shares | 35.90 | 35.70 | 35.90 | 35.90 |
| Basic Average Shares | 35.40 | 35.70 | 35.80 | 35.80 |
| Diluted NI Availto Com Stockholders | 155.90 | 259.20 | 284.20 | 333.30 |
| Net Income Including Noncontrolling Interests | 155.90 | 259.20 | 284.20 | 333.30 |
| Net Income Discontinuous Operations | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | 155.90 | 259.20 | 284.20 | 333.30 |
| Earnings From Equity Interest Net Of Tax | 33.60 | 72.40 | 82.80 | 117.30 |
| Other Income Expense | 50.90 | 120.90 | 128.80 | 136.50 |
| Other Non Operating Income Expenses | -27 | -9.40 | -9.50 | -0.40 |
| Special Income Charges | 77.90 | 130.30 | 138.30 | 136.90 |
| Gain On Sale Of Ppe | 126.80 | 131.80 | 138.30 | 140.50 |
| Write Off | 48.90 | 1.50 | 0 | 3.60 |
| Net Non Operating Interest Income Expense | -214 | -263.40 | -341 | -391.50 |
| Interest Expense Non Operating | 214 | 263.40 | 341 | 391.50 |
| Other Operating Expenses | 37.40 | 46.60 | 57.70 | 65.30 |
| Depreciation Amortization Depletion Income Statement | 0 | 0 | 0 | 0 |
| Depreciation And Amortization In Income Statement | 0 | 0 | 0 | 0 |
| Depreciation Income Statement | 0 | 0 | 0 | 0 |
| Operating Revenue | 1,175 | 1,295.90 | 1,445.70 | 1,572.90 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| GATX Corporationthis co. | GATX | $6.9B | 21.23 | 2.49 | 9.2% | 19.80 |
| Joby Aviation, Inc. | JOBY | $8.6B | - | 5.65 | -66.0% | -10.53 |
| EnerSys | ENS | $7.6B | 25.52 | 3.99 | 18.9% | 14.10 |
| Fluor Corporation | FLR | $7.4B | - | 2.43 | -1.6% | -24.46 |
| Commercial Metals Company | CMC | $7.4B | 14.91 | 1.68 |
| 2.0% |
| 9.91 |
| Terex Corporation | TEX | $6.9B | 18.23 | 1.88 | 10.5% | 14.04 |
| Construction Partners, Inc. | ROAD | $6.5B | 52.19 | 6.73 | 11.2% | 17.97 |
| Firefly Aerospace Inc. | FLY | $5.4B | - | 4.48 | -25.1% | -23.98 |
| Plug Power Inc. | PLUG | $4.8B | - | 4.86 | -162.6% | -7.99 |
| Peer Median | - | 21.88 | 4.24 | 0.2% | 0.96 | |