A Business at a Glance
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GATX CORP
GATX
$6.6B
Mkt Cap
$184.63
+0.68%
GATX CORP (GATX) has a current P/E ratio of 20.2, compared to its historical median P/E of 17.2. The stock is currently considered Fair based on its historical valuation range.
GATX CORP (GATX) has a 5-year average return on invested capital (ROIC) of 1.5%. This is below average and may indicate limited pricing power.
GATX CORP (GATX) has a market capitalization of $6.6B. It is classified as a mid-cap stock.
Yes, GATX CORP (GATX) pays a dividend with a trailing twelve-month yield of 1.40%. The company also returns capital through share buybacks, with a buyback yield of 1.02%.
Based on historical P/E analysis, GATX CORP (GATX) appears fair. The current P/E of 20.2 is 18% above its historical median of 17.2. The estimated fair value CAGR (P/E method) is 7.3%.
GATX CORP (GATX) operates in the Transportation Services industry, within the Industrials sector.
GATX CORP (GATX) reported annual revenue of $1.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
GATX Corporation is a leading global railcar lessor with approximately 156,000 wholly owned railcars deployed across North America, Europe, and India, complemented by one of the largest aircraft spare engine lease portfolios through its wholly owned GATX Engine Leasing business and joint ventures with Rolls-Royce. The company operates through three primary segments: Rail North America (tank cars, freight cars, and locomotives in the United States, Canada, and Mexico), Rail International (tank cars and freight cars in Europe and freight cars in India), and Engine Leasing (aircraft spare engines). Rail North America provides full-service leases under which GATX maintains railcars, pays ad valorem taxes, and provides ancillary services, with lease terms typically ranging from one to ten years and an average fleet age of approximately 17 years; the segment serves approximately 800 customers across transportation, chemical, petroleum, and food/agriculture industries, with the top ten customers representing approximately 25% of lease revenue. The company's business model is asset-intensive, generating recurring lease revenue from a diverse customer base while capturing upside through secondary market asset sales; in January 2026, GATX closed the acquisition of approximately 101,000 railcars from Wells Fargo through a joint venture with Brookfield Infrastructure Partners (GATX holding 30% initially with an option to acquire up to 100%), and also directly purchased approximately 200 locomotives, positioning GATX as manager of both the joint venture fleet and Brookfield's finance lease portfolio. The company maintains a conservative capital structure with leverage at 3.3 to 1 and has demonstrated consistent returns on equity above 12%.
【Integration and scale expansion】 Management expects the Wells Fargo fleet integration to proceed ahead of schedule with positive customer reception and SG&A costs tracking in line with expectations, contributing an estimated $0.20–$0.30 per share impact in 2026. The consolidated Rail North America fleet of approximately 208,000 railcars is expected to achieve 98%–99% utilization by year-end with lease price index (LPI) guidance in the high teens to low 20% range, reflecting continued strength in the existing car market and solid renewal success rates in the high 70s to low 80% range. Engine Leasing segment profit is expected to increase $15–$20 million in 2026 to approximately $180–$185 million, supported by favorable market conditions, supply chain constraints that raise the value of the existing portfolio, and continued strong investment volume; Rail International segment profit is expected to increase $5–$10 million despite a challenging European economic environment. The secondary market for railcar dispositions remains robust with capital continuing to flow into the sector, supporting the company's expectation of approximately $200 million in net gains on asset dispositions in 2026, and management expects to maintain fleet size generally at current levels while balancing additions, sales, and scrapping activities.
| Metric | Target | Period |
|---|---|---|
| EPS | $9.50–$10.10 | FY2026 |
| Rail North America Lease Revenue | $1.6 billion | FY2026 |
| Lease Price Index (LPI) | high teens to low 20% | FY2026 |
| Rail North America Utilization | 98%–99% | FY2026 year-end |
| Renewal Success Rate | high 70s to low 80% | FY2026 |
| Net Gains on Asset Dispositions | $200 million | FY2026 |
| Interest Expense | $440 million | FY2026 |
| Maintenance Expense | $500 million | FY2026 |
| Other Operating Expenses | $85 million | FY2026 |
| Rail North America Segment Profit | $415 million | FY2026 |
| SG&A Expense |
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.9B | 1.7B | 1.6B | 1.4B | 1.3B | 1.3B |
| Net Income | 335M | 328M | 279M | 254M | 156M | 143M |
| EPS | $9.41 | $9.12 | $7.78 | $7.12 | $4.35 | $3.98 |
| Free Cash Flow | 0 | 648M | 572M | -1.1B | -724M | -700M |
| ROIC | 4.6% | 1.0% | 1.1% | 0.8% | 3.7% | 1.0% |
| Gross Margin | - | 75.4% | 75.9% | 75.6% | - | - |
| Debt/Equity | 0.37 | 4.58 | 3.40 | 3.28 | 3.21 | 2.95 |
| Dividends/Share | $2.58 | $2.44 | $2.32 | $2.20 | $2.14 | $2.07 |
| Operating Income | 170M | 168M | 140M | 115M | 425M | 98M |
| Operating Margin | 8.9% | 9.6% | 8.8% | 8.2% | 33.4% | 7.8% |
| ROE | 12.0% | 12.6% | 11.9% | 11.8% | 7.7% | 7.2% |
| Shares Outstanding | 36M | 36M | 36M | 36M | 36M | 36M |
| Metric | 2014 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.5B | 1.4B | 1.4B | 1.4B | 1.2B | 1.2B | 1.2B | 1.3B | 1.3B | 1.4B | 1.6B | 1.7B | 1.9B |
| Gross Margin | 76.8% | 77.5% | 76.6% | 76.2% | 74.5% | 73.8% | 73.9% | N/A | N/A | 75.6% | 75.9% | 75.4% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 189M | 192M | 169M | 180M | 183M | 180M | 172M | 198M | 195M | 213M | 236M | 253M | 267M |
| EBIT | 439M | 471M | 501M | 419M | 405M | 105M | 106M | 98M | 425M | 115M | 140M | 168M | 170M |
| Op. Margin | 30.3% | 32.5% | 35.3% | 30.4% | 34.4% | 8.8% | 8.8% | 7.8% | 33.4% | 8.2% | 8.8% | 9.6% | 8.9% |
| Net Income | 205M | 205M | 257M | 502M | 211M | 211M | 151M | 143M | 156M | 254M | 279M | 328M | 335M |
| Net Margin | 14.1% | 14.2% | 18.1% | 36.5% | 18.0% | 17.6% | 12.5% | 11.4% | 12.2% | 18.0% | 17.6% | 18.8% | 17.6% |
| Non-Recurring | 81M | 134M | 91M | 61M | 88M | 63M | 40M | 102M | 170M | 132M | 138M | 144M | 144M |
| Returns on Capital | |||||||||||||
| ROIC | 5.1% | 5.3% | 5.7% | 7.5% | 4.2% | 1.2% | 1.1% | 1.0% | 3.7% | 0.8% | 1.1% | 1.0% | 4.6% |
| ROE | 15.1% | 15.8% | 19.6% | 32.0% | 11.8% | 11.7% | 8.0% | 7.2% | 7.7% | 11.8% | 11.9% | 12.6% | 12.0% |
| ROA | 3.0% | 3.0% | 3.7% | 6.9% | 2.9% | 2.8% | 1.8% | 1.5% | 1.6% | 2.4% | 2.4% | 2.2% | 1.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 449M | 542M | 629M | 497M | 485M | 426M | 437M | 507M | 534M | 520M | 602M | 648M | 723M |
| Free Cash Flow | -566M | -140M | 34M | -70M | -428M | -308M | -464M | -700M | -724M | -1.1B | 572M | 648M | 0 |
| Owner Earnings | -2.0B | 227M | 303M | 164M | 142M | 81M | 78M | 111M | 149M | 110M | 158M | 171M | 180M |
| CapEx | 1.0B | 681M | 596M | 567M | 914M | 733M | 901M | 1.2B | 1.3B | 1.7B | 30M | 0 | 0 |
| Maint. CapEx | 2.5B | 303M | 310M | 323M | 327M | 333M | 343M | 378M | 371M | 392M | 421M | 452M | 518M |
| Growth CapEx | 0 | 378M | 286M | 244M | 586M | 401M | 558M | 829M | 886M | 1.3B | 0 | N/A | 0 |
| D&A | 2.5B | 303M | 310M | 323M | 327M | 333M | 343M | 378M | 371M | 392M | 421M | 452M | 518M |
| CapEx/OCF | 226.0% | 125.8% | 94.6% | 114.1% | 188.3% | 172.2% | 206.2% | 222.8% | 235.4% | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 62M | 68M | 67M | 68M | 69M | 69M | 71M | 74M | 77M | 81M | 85M | 90M | 92M |
| Dividend Yield | 2.9% | 3.8% | 4.5% | 3.4% | 2.8% | 2.8% | 3.3% | 2.4% | 2.2% | 2.1% | 1.8% | 1.6% | 1.4% |
| Share Buybacks | 125M | 125M | 120M | 100M | 116M | 150M | 0 | 13M | 47M | 2.6M | 22M | 65M | 67M |
| Buyback Yield | 6.1% | 8.5% | 5.7% | 4.8% | 4.9% | 5.5% | N/A | 0.4% | 1.3% | 0.1% | 0.4% | 1.0% | 1.0% |
| Stock-Based Comp | 14M | 12M | 16M | 9.9M | 16M | 12M | 16M | 17M | 13M | 18M | 23M | 25M | 25M |
| Debt Repayment | 820M | 726M | 800M | 703M | 633M | 410M | 1.1B | 884M | 250M | 500M | 414M | 733M | 733M |
| Balance Sheet | |||||||||||||
| Net Debt | 4.1B | 4.0B | 4.0B | 4.1B | 4.5B | 4.7B | 5.1B | 5.6B | 6.1B | 7.0B | 7.9B | 11.8B | 283M |
| Cash & Equiv. | 210M | 202M | 308M | 297M | 100M | 151M | 292M | 344M | 304M | 451M | 402M | 743M | 741M |
| Long-Term Debt | 4.2B | 4.2B | 4.3B | 4.4B | 4.5B | 4.8B | 5.4B | 5.9B | 6.5B | 7.5B | 8.3B | 12.5B | 974M |
| Debt/Equity | 3.25 | 3.29 | 3.18 | 2.46 | 2.56 | 2.63 | 2.75 | 2.95 | 3.21 | 3.28 | 3.40 | 4.58 | 0.37 |
| Interest Coverage | 2.8 | 3.0 | 3.4 | 2.6 | 2.5 | 0.6 | 0.6 | 0.5 | 2.0 | 0.4 | 0.4 | 0.4 | 0.4 |
| Equity | 1.3B | 1.3B | 1.3B | 1.8B | 1.8B | 1.8B | 2.0B | 2.0B | 2.0B | 2.3B | 2.4B | 2.8B | 2.8B |
| Total Assets | 6.9B | 6.9B | 7.1B | 7.4B | 7.3B | 8.0B | 8.9B | 9.5B | 10.1B | 11.3B | 12.3B | 18.0B | 17.9B |
| Total Liabilities | 5.6B | 5.6B | 5.8B | 5.6B | 5.8B | 6.5B | 7.0B | 7.5B | 8.0B | 9.1B | 9.9B | 14.4B | 14.3B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 1.5B | 1.6B | 1.8B | 2.3B | 2.4B | 2.6B | 2.7B | 2.8B | 2.8B | 3.0B | 3.2B | 3.5B | 3.5B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 279M |
| Per Share Data | |||||||||||||
| EPS | 4.48 | 4.69 | 6.29 | 12.75 | 5.52 | 5.81 | 4.27 | 3.98 | 4.35 | 7.12 | 7.78 | 9.12 | 9.41 |
| Owner EPS | -44.15 | 5.18 | 7.42 | 4.17 | 3.70 | 2.22 | 2.21 | 3.10 | 4.17 | 3.08 | 4.39 | 4.75 | 5.07 |
| Book Value | 28.72 | 29.25 | 32.96 | 45.53 | 46.71 | 50.48 | 55.24 | 56.16 | 56.63 | 63.64 | 67.94 | 76.52 | 78.25 |
| Cash Flow/Share | 9.82 | 12.38 | 15.40 | 12.62 | 12.68 | 11.71 | 12.33 | 14.11 | 14.89 | 14.57 | 16.77 | 18.03 | 24.03 |
| Dividends/Share | 1.32 | 1.52 | 1.60 | 1.68 | 1.76 | 1.91 | 2.00 | 2.07 | 2.14 | 2.20 | 2.32 | 2.44 | 2.58 |
| Shares Out. | 45.8M | 43.8M | 40.9M | 39.4M | 38.3M | 36.4M | 35.4M | 36.0M | 35.8M | 35.7M | 35.9M | 35.9M | 35.5M |
| Valuation | |||||||||||||
| P/E Ratio | 10.0 | 7.2 | 8.2 | 4.1 | 11.1 | 12.8 | 18.0 | 24.0 | 23.1 | 16.4 | 19.6 | 18.9 | 19.6 |
| P/FCF | N/A | N/A | 62.7 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 9.6 | 9.6 | N/A |
| EV/EBIT | 78.2 | 64.6 | 66.3 | 72.6 | 88.7 | 70.1 | 73.7 | 98.2 | 32.4 | 94.0 | 93.4 | 103.9 | 40.2 |
| Price/Book | 1.6 | 1.1 | 1.6 | 1.2 | 1.3 | 1.5 | 1.4 | 1.7 | 1.8 | 1.9 | 2.3 | 2.3 | 2.4 |
| Price/Sales | 1.5 | 1.2 | 1.1 | 1.4 | 2.1 | 2.0 | 1.8 | 2.5 | 2.7 | 2.8 | 3.0 | 3.3 | 3.4 |
| FCF Yield | -27.7% | -9.5% | 1.6% | -3.4% | -18.2% | -11.3% | -17.0% | -20.4% | -20.1% | -26.9% | 10.3% | 10.3% | N/A |
| Market Cap | 2.0B | 1.5B | 2.1B | 2.1B | 2.4B | 2.7B | 2.7B | 3.4B | 3.6B | 4.3B | 5.6B | 6.3B | 6.6B |
| Avg. Price | 47.39 | 40.86 | 37.04 | 50.32 | 64.00 | 67.05 | 61.03 | 86.50 | 97.39 | 109.03 | 132.25 | 156.93 | 184.63 |
| Year-End Price | 44.66 | 33.61 | 51.73 | 52.81 | 61.46 | 74.57 | 77.02 | 95.63 | 100.62 | 116.80 | 152.59 | 172.59 | 184.63 |
GATX CORP passes 5 of 9 quality checks, suggesting mixed fundamentals.
GATX CORP trades at 20.2x trailing earnings, compared to its 15-year median P/E of 17.2x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 10.4x vs a median of 9.6x. The company's 5-year average ROIC is 1.5% with a gross margin of 75.6%. Total shareholder yield (dividends + buybacks) is 2.4%. At current prices, the estimated annualized return to fair value is +39.7%.
GATX CORP (GATX) has a net profit margin of 18.8%. This is a healthy margin.
GATX CORP (GATX) generated $648 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
GATX CORP (GATX) has a debt-to-equity ratio of 4.58. This indicates higher leverage, which may increase financial risk.
GATX CORP (GATX) reported earnings per share (EPS) of $9.12 in its most recent fiscal year.
GATX CORP (GATX) has a return on equity (ROE) of 12.6%. This indicates moderate shareholder returns.
GATX CORP (GATX) has a 5-year average gross margin of 75.6%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for GATX CORP (GATX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
GATX CORP (GATX) has a book value per share of $76.52, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects the Wells Fargo fleet integration to proceed ahead of schedule with positive customer reception and SG&A costs tracking in line with expectations, contributing an estimated $0.20–$0.30 per share impact in 2026. The consolidated Rail North America fleet of approximately 208,000 railcars is expected to achieve 98%–99% utilization by year-end with lease price index (LPI) guidance in the high teens to low 20% range, reflecting continued strength in the existing car market and solid renewal success rates in the high 70s to low 80% range. Engine Leasing segment profit is expected to increase $15–$20 million in 2026 to approximately $180–$185 million, supported by favorable market conditions, supply chain constraints that raise the value of the existing portfolio, and continued strong investment volume; Rail International segment profit is expected to increase $5–$10 million despite a challenging European economic environment. The secondary market for railcar dispositions remains robust with capital continuing to flow into the sector, supporting the company's expectation of approximately $200 million in net gains on asset dispositions in 2026, and management expects to maintain fleet size generally at current levels while balancing additions, sales, and scrapping activities.
Based on recent SEC filings and earnings calls, GATX CORP (GATX) has provided the following forward guidance: EPS: $9.50–$10.10 (FY2026); Rail North America Lease Revenue: $1.6 billion (FY2026); Lease Price Index (LPI): high teens to low 20% (FY2026); Rail North America Utilization: 98%–99% (FY2026 year-end); Renewal Success Rate: high 70s to low 80% (FY2026), plus 7 additional metrics.
| $275 million |
| FY2026 |
| Wells Fargo Transaction Impact on EPS | $0.20–$0.30 | FY2026 |
EPS (FY2026): “we expect EPS to be in the range of $9.50-$10.10 per diluted share in 2026”
Rail North America Lease Revenue (FY2026): “in 2026, we expect Rail North America lease revenue to be in the range of $1.6 billion”
Lease Price Index (LPI) (FY2026): “For the LPI, we expect to be in the high teens to low 20% positive”
Rail North America Utilization (FY2026 year-end): “we expect utilization for the consolidated fleet to be 98%-99% by year-end”
Renewal Success Rate (FY2026): “we expect our renewal success rate to be in the high 70s to low 80% range”
Net Gains on Asset Dispositions (FY2026): “in 2026, we expect approximately $200 million of net gains on asset dispositions”
Interest Expense (FY2026): “Interest expense is expected to be in the range of $440 million in 2026”
Maintenance Expense (FY2026): “regarding maintenance expense, we expect to be in the range of $500 million in 2026”
No recent press releases.