GATX CORP GATX
GATX Corporation ("GATX," the "Company," "we," "us," "our," and similar terms), a New York corporation founded in 1898, is a leading global railcar lessor, owning fleets in North America, Europe, and India. In addition, through GATX Engine Leasing ("GEL"), our wholly owned aircraft spare engine leasing business, and our joint ventures with Rolls-Royce plc (or affiliates thereof, collectively "Rolls-Royce"), we own one of the largest aircraft spare engine lease portfolios in the world. We report our financial results through three primary business segments: Rail North America, Rail International, and Engine Leasing. Financial results for our tank container leasing business ("Trifleet") are reported in the Other segment.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.74B | $1.59B | $1.41B | $1.27B | $1.26B | $1.21B | $1.20B | $1.18B | $1.38B | $1.42B |
| SG&A | $252.6M | $236.3M | $212.7M | $195.0M | $198.3M | $172.0M | $180.4M | $182.5M | $180.0M | $169.0M |
| Total operating expenses | $1.21B | $1.11B | $1.02B | $932.8M | $960.5M | $922.3M | $920.7M | $892.5M | $1.04B | $1.05B |
| Interest expense | $391.5M | $341.0M | $263.4M | $214.0M | $204.0M | $190.3M | $180.5M | $162.9M | $160.5M | $148.1M |
| Pre-tax income | $279.1M | $261.4M | $245.5M | $177.1M | $195.1M | $125.3M | $145.2M | $170.7M | $214.4M | $305.4M |
| Income tax | $63.1M | $60.0M | $58.7M | $54.8M | $53.2M | $37.3M | $40.9M | $30.5M | $243.7M | $95.7M |
| Net income | $333.3M | $284.2M | $259.2M | $155.9M | $143.1M | $151.3M | $211.2M | $211.3M | $502.0M | $257.1M |
| EPS, basic | 9.14 | 7.80 | 7.13 | 4.41 | 4.04 | 4.33 | 5.92 | 5.62 | 12.95 | 6.35 |
| EPS, diluted | 9.12 | 7.78 | 7.12 | 4.35 | 3.98 | 4.27 | 5.81 | 5.52 | 12.75 | 6.29 |
| Shares, diluted (wtd. avg.) | $35.9M | $35.9M | $35.7M | $35.9M | $36.0M | $35.4M | $36.4M | $38.3M | $39.4M | $40.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $743.0M | $401.6M | $450.8M | $304.0M | $344.5M | $292.6M | $151.0M | $106.7M | $299.7M | $311.1M |
| Short-term investments | — | — | $0 | $148.5M | $0 | — | — | — | — | — |
| Receivables | $207.2M | $199.1M | $218.4M | — | — | — | — | — | — | — |
| Property, plant and equipment | $11.41B | $10.45B | $9.41B | $8.25B | $7.78B | $7.17B | $6.46B | $6.53B | $6.19B | $5.80B |
| Goodwill | $126.3M | $114.1M | $120.0M | $117.2M | $123.0M | $143.7M | $81.5M | $82.9M | $85.6M | $78.0M |
| Total assets | $18.00B | $12.30B | $11.33B | $10.07B | $9.54B | $8.94B | $7.99B | $7.32B | $7.42B | $7.11B |
| Long-term debt | $12.51B | $8.27B | $7.45B | $6.49B | $5.93B | $5.36B | $4.81B | $4.47B | $4.41B | $4.29B |
| Total liabilities | $14.36B | $9.86B | $9.05B | $8.04B | $7.52B | $6.98B | $6.45B | $5.83B | $5.63B | $5.76B |
| Retained earnings | $3.45B | $3.21B | $3.01B | $2.83B | $2.75B | $2.68B | $2.60B | $2.42B | $2.26B | $1.83B |
| Total equity | $2.75B | $2.44B | $2.27B | $2.03B | $2.02B | $1.96B | $1.84B | $1.79B | $1.79B | $1.35B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $648.1M | $602.1M | $520.4M | $533.5M | $507.2M | $436.8M | $425.8M | $485.2M | $496.8M | $629.4M |
| Depreciation and amortisation | $452.3M | $421.4M | $392.1M | $371.3M | $378.4M | $342.8M | $332.7M | $327.3M | $322.7M | $310.2M |
| Stock-based compensation | — | $23.0M | $18.3M | $12.7M | $17.4M | $15.6M | $12.3M | $16.4M | $9.9M | $15.8M |
| Capital expenditure | — | — | $1.67B | $1.26B | $1.13B | $860.8M | $722.8M | $913.5M | $566.8M | $595.7M |
| Investing cash flow | -$1.02B | -$1.42B | -$1.22B | -$1.07B | -$917.7M | -$904.9M | -$447.8M | -$660.3M | -$428.3M | -$406.3M |
| Financing cash flow | $4.94B | $770.5M | $844.1M | $504.4M | $463.1M | $355.6M | $66.9M | -$13.9M | -$83.9M | -$130.5M |
| Dividends paid | $89.8M | $84.8M | $80.6M | $76.6M | $74.3M | $71.0M | $69.3M | $69.3M | $68.2M | $67.4M |
| Buybacks | $65.0M | $21.9M | $2.6M | $47.2M | $13.1M | $0 | $150.0M | $115.5M | $100.0M | $120.1M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000040211-26-000018.
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