GATX Corporation GATX

IndustrialsBanking ServicesUnited States of America

Last close 181.14 USD on Nov 1, 2026, +8.0% year to date

Quant rating

Quant rating C Rank 302 of 486 in Industrials

Growth C 215 of 486
Valuation B 182 of 486
Quality D 435 of 486
Revisions C 210 of 486
Momentum B 165 of 486

Wall Street consensus Buy (1.60)Average target 220.87 USD +21.9%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 6.4B
Enterprise value: 18.8B
52-week range: 150.46 – 205.53
3-year range: 106.33 – 205.53
Dividend yield: 1.46%
Beta (5 years): 1.21
Shares outstanding: 35.3M
Next earnings: Feb 5, 2027

About the company

GATX Corporation is a global railcar lessor, owning fleets in North America, Europe, and India. The Company leases transportation assets, including railcars, aircraft spare engines and tank containers to customers worldwide. Its Rail North America segment primarily provides railcars pursuant to full-service leases under which it maintains the railcars, pays ad valorem taxes and insurance, and provides other ancillary services. Its Rail International segment is an aggregation of its operating segments in Europe (GRE) and India (Rail India). GRE primarily leases railcars to customers throughout Europe pursuant to full-service leases under which it maintains the railcars and provides value-added services according to customer requirements. Its Engine Leasing segment includes its ownership interest in the Rolls-Royce & Partners Finance affiliates. Its Other segment includes its Trifleet business, which owns and manages tank containers that are leased to a diverse base of customers.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	1,740	1,586	1,411	1,273	1,257	–
Revenue growth	9.8%	12.4%	10.8%	1.2%	4.0%	7.6%
EPS (basic, normalized)	6.19	5.02	4.59	3.84	1.94	–
EPS growth	23.4%	9.3%	19.7%	97.4%	−45.2%	11.8%
Gross margin	75.4%	75.9%	75.1%	75.9%	75.0%	75.5%
Net margin	18.8%	17.9%	18.4%	12.2%	11.4%	15.8%
ROE	12.3%	12.2%	7.8%	10.8%	7.2%	10.1%

Balance sheet, last quarter
Cash & short-term investments (mil)	390
Tier 1 risk-adjusted capital ratio	–
Long-term debt (mil)	11,656
Net debt (mil)	12,392
Total equity (mil)	2,785
Net debt / equity	4.45x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	1,740	+9.8%	10.8x	–	–	–	8.75	+9.0%	20.7x
2026	2,349	+35.0%	8.0x	82.44	–	2.2x	10.28	+17.4%	17.6x
2027	2,411	+2.6%	7.8x	98.00	+18.9%	1.8x	11.32	+10.2%	16.0x
2028	2,462	+2.1%	7.6x	–	–	–	12.12	+7.1%	14.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	2,349	−0.1%	−0.6%	−3.2%	10.28	+0.6%	+0.8%	+2.6%
2027	2,411	−0.7%	−1.8%	−4.1%	11.32	+0.7%	+0.6%	+0.9%
2028	2,462	−0.7%	−0.7%	−3.7%	12.12	0.0%	0.0%	+2.1%

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	380	387	405	414	422	430	439	499	584	580
Sales mean (mil)	376	385	392	410	417	427	436	468	600	599
Surprise	+1.1%	+0.3%	+3.5%	+0.9%	+1.1%	+0.8%	+0.8%	+6.7%	−2.7%	−3.1%
EPS reported	2.01	1.43	2.50	1.96	2.15	2.06	2.25	2.24	2.35	2.84
EPS mean	1.76	1.77	1.85	1.71	2.09	2.01	2.32	2.42	2.27	2.46
Surprise	+14.4%	−19.4%	+35.1%	+14.8%	+3.0%	+2.5%	−3.1%	−7.5%	+3.3%	+15.5%

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
GATX GATX Corporation	6.4B	–	18.8%	–	17.6x	16.0x	2.2x	1.8x
AL Sumisho Air Lease Corporation	7.3B	–	34.6%	–	–	–	–	–
Mean		–	26.7%	–	17.6x	16.0x	2.2x	1.8x
Median		–	26.7%	–	17.6x	16.0x	2.2x	1.8x

Technical analysis

1M−0.1%
3M−2.1%
1Y+14.9%
3Y+86.7%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, GATX Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	1,740	1,586	1,411	1,273	1,257	1,209
Total interest expense	–	–	–	–	–	–
Net interest income	1,740	1,586	1,411	1,273	1,257	1,209
Loan loss provision	–	–	–	–	–	–
Net interest income after loan loss provision	–	–	–	–	–	–
Non-interest income	–	–	–	–	–	–
Non-interest expense	–	–	–	–	–	–
Net income before taxes	279	261	246	177	195	125
Provision for taxes	63.1	60.0	58.7	54.8	53.2	37.3
Minority interest & equity in affiliates	117	82.8	72.4	33.6	1.2	62.2
Other	0	0	0	0	0	0
Net income before extraordinary items	333	284	259	156	143	150
Extraordinary items	–	–	–	0	0	1.1
Net income	333	284	259	156	143	151
Basic weighted average shares (mil)	35.8	35.8	35.7	35.4	35.4	35.0
Diluted weighted average shares (mil)	35.9	35.9	35.7	35.9	36.0	35.4
Basic EPS excluding extraordinary items	9.16	7.94	7.26	4.40	4.04	4.29
Basic EPS, normalized	6.19	5.02	4.59	3.84	1.94	3.55

Balance sheet in millions of USD, fiscal years

Balance sheet, GATX Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	–	–	–	–	–	–
Other earning assets	–	–	–	–	–	–
Net loans	–	–	–	–	–	–
Property, plant & equipment	11,584	10,642	9,652	8,523	8,087	7,576
Goodwill	126	114	120	117	123	144
Intangibles	–	–	–	–	–	–
Long-term investments	732	663	627	724	588	585
Other long-term assets	4,300	43.2	31.2	69.7	77.4	43.1
Other assets	137	162	153	112	106	91.1
Total assets	18,000	12,296	11,326	10,072	9,542	8,938
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	318	217	240	202	216	147
Accrued expenses	154	180	227	258	286	349
Total deposits	–	–	–	–	–	–
Other bearing liabilities	–	–	–	–	–	–
Short-term borrowings	–	–	–	–	–	–
Current portion of long-term debt	653	632	526	500	364	600
Long-term debt	11,798	7,583	6,862	5,932	5,525	4,762
Minority interest	885	–	–	–	–	–
Other liabilities	1,440	1,245	1,198	1,151	1,132	1,122
Total liabilities	15,249	9,858	9,053	8,042	7,522	6,980
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	42.9	42.7	42.5	42.4	42.2	41.9
Additional paid-in capital	875	847	816	792	764	735
Retained earnings (accumulated deficit)	3,451	3,208	3,010	2,832	2,752	2,682
Treasury stock	−1,514	−1,449	−1,428	−1,425	−1,378	−1,364
Other equity	−105	−210	−168	−212	−161	−138
Total equity	2,750	2,439	2,273	2,030	2,019	1,957
Total liabilities & shareholders' equity	18,000	12,296	11,326	10,072	9,542	8,938

Cash flow statement in millions of USD, fiscal years

Cash flow statement, GATX Corporation, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	333	284	259	156	143	151
Depreciation, depletion & amortization	452	421	392	371	378	343
Deferred taxes	53.2	45.8	38.3	36.3	34.2	29.1
Non-cash items	−179	−148	−158	−46.9	−80.8	−95.4
Changes in working capital	−12.0	−1.7	−10.7	16.9	32.3	0.5
Cash from operations	648	602	520	534	507	428
Investing activities
Capital expenditures	−1,332	−1,674	−1,665	−1,256	−1,130	−861
Other investing cash flows	315	258	446	182	213	197
Cash from investing	−1,017	−1,417	−1,219	−1,074	−917	−664
Financing activities
Financing cash flow items	921	25.5	14.4	29.9	−53.3	−4.5
Cash dividends paid	−89.8	−84.8	−80.6	−76.6	−74.3	−71.0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	4,114	830	910	551	591	453
Cash from financing	4,945	770	844	504	463	377
Foreign exchange effects	7.0	−4.9	1.6	−4.9	−1.8	−0.1
Net change in cash	4,583	−49.0	147	−40.5	51.9	142
Free cash flow	−684	−1,072	−1,145	−722	−623	−432

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.