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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 | 12.1% | 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% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,273 | 1,410.90 | 1,585.50 | 1,740.40 |
| Operating Revenue | - | 1,175 | 1,295.90 | 1,445.70 | 1,572.90 |
| 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 |
| Selling General And Administration | - | 195 | 212.70 | 236.30 | 252.60 |
| Total Expenses | - | 932.80 | 1,022.90 | 1,111.90 | 1,206.30 |
| Operating Income | - | 340.20 | 388 | 473.60 | 534.10 |
| EBITDA | - | 762.40 | 901 | 1,023.80 | 1,122.90 |
| Normalized EBITDA | - | 684.50 | 770.70 | 885.50 | 986 |
| EBIT | - | 391.10 | 508.90 | 602.40 | 670.60 |
| Interest Expense | - | 214 | 263.40 | 341 | 391.50 |
| Net Interest Income | - | -214 | -263.40 | -341 | -391.50 |
| Other Non Operating Income Expenses | - | -27 | -9.40 | -9.50 | -0.40 |
| Other Income Expense | - | 50.90 | 120.90 | 128.80 | 136.50 |
| Interest Expense Non Operating | - | 214 | 263.40 | 341 | 391.50 |
| Net Non Operating Interest Income Expense | - | -214 | -263.40 | -341 | -391.50 |
| Pretax Income | - | 177.10 | 245.50 | 261.40 | 279.10 |
| Tax Provision | - | 54.80 | 58.70 | 60 | 63.10 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 24.07 | 31.14 | 31.81 | 30.94 |
| Net Income Continuous Operations | - | 155.90 | 259.20 | 284.20 | 333.30 |
| Net Income From Continuing And Discontinued Operation | - | 155.90 | 259.20 | 284.20 | 333.30 |
| Net Income From Continuing Operation Net Minority Interest | - | 155.90 | 259.20 | 284.20 | 333.30 |
| Net Income | - | 155.90 | 259.20 | 284.20 | 333.30 |
| Net Income Common Stockholders | - | 155.90 | 259.20 | 284.20 | 333.30 |
| Net Income Including Noncontrolling Interests | - | 155.90 | 259.20 | 284.20 | 333.30 |
| Normalized Income | - | 102.07 | 160.04 | 177.71 | 227.34 |
| Diluted NI Availto Com Stockholders | - | 155.90 | 259.20 | 284.20 | 333.30 |
| Basic Average Shares | - | 35.40 | 35.70 | 35.80 | 35.80 |
| Diluted Average Shares | - | 35.90 | 35.70 | 35.90 | 35.90 |
| Reconciled Depreciation | - | 371.30 | 392.10 | 421.40 | 452.30 |
| Reconciled Cost Of Revenue | - | 700.40 | 763.60 | 817.90 | 888.40 |
| 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 Discontinuous Operations | 0 | 0 | - | - | - |
| Earnings From Equity Interest Net Of Tax | - | 33.60 | 72.40 | 82.80 | 117.30 |
| Special Income Charges | - | 77.90 | 130.30 | 138.30 | 136.90 |
| Write Off | - | 48.90 | 1.50 | 0 | 3.60 |
| Depreciation Amortization Depletion Income Statement | 364.40 | - | - | - | - |
| Depreciation And Amortization In Income Statement | 364.40 | - | - | - | - |
| Gain On Sale Of Ppe | - | 126.80 | 131.80 | 138.30 | 140.50 |
| Rent Expense Supplemental | - | 36.10 | 36 | 33.90 | 28.90 |
| Other Operating Expenses | - | 37.40 | 46.60 | 57.70 | 65.30 |
| Depreciation Income Statement | 364.40 | - | - | - | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| GATX Corporationthis co. | GATX | $6.1B | 18.44 | 2.23 | 12.1% | 16.11 |
| Terex Corporation | TEX | $7.2B | 32.39 | 3.42 | 10.5% | 14.31 |
| Fluor Corporation | FLR | $7.0B | -138.05 | 2.17 | -1.6% | -29.73 |
| Brookfield Business Corporation | BBUC | $6.8B | 262.64 | 2.98 | 1.1% | 6.66 |
| Firefly Aerospace Inc. | FLY | $6.8B | -22.75 |
| - |
| - |
| - |
| - |
| - |
| 5.70 |
| -25.1% |
| -21.68 |
| Construction Partners, Inc. | ROAD | $6.4B | 62.73 | 7.00 | 11.2% | 21.22 |
| Intuitive Machines, Inc. | LUNR | $5.4B | -64.78 | -7.15 | 11.0% | -54.52 |
| Plug Power Inc. | PLUG | $5.0B | -3.08 | 5.13 | -166.8% | -3.57 |
| Archer Aviation Inc. | ACHR | $4.9B | -7.87 | 2.21 | -28.1% | -5.59 |
| Peer Median | - | -5.48 | 3.20 | -0.2% | -4.58 | |