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Leases railcars and other transportation equipment to railroads, shippers and industrial companies, rather than operating trains itself.
Leases railcars and other transportation equipment to railroads, shippers and industrial companies, rather than operating trains itself.
Owns railcars, mostly tank cars, and rents them to shippers under multi-year leases that renew, so income follows lease rates and how fully the fleet is used. It keeps cars running through its own repair shops. A European fleet and a joint venture with Rolls-Royce leasing aircraft engines add to the mix.
Moat: narrow (scale, installed base, switching costs). A large, diversified railcar fleet and long-term lease relationships create scale and switching-cost advantages over smaller lessors.
Headquarters: Chicago, Illinois, United States · Founded: 1898 · Employees: 2,371
Size GATX (GATX) is a United States Industrials company (Railroads) with a market value of $6.38B, the 1018th largest of 3,117 United States companies the cockpit tracks. Shares closed at $182.74 on 6 Nov 2026.
Performance Over six months the shares fell 2.0%, against +2.6% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 15 in its peer set.
Growth Revenue grew 29.7% over the last twelve months (peer median +5.0%); the operating margin is 29.9% (peer median 11.9%).
Valuation It trades at 17.0× forward earnings against a peer median of 14.9× (4th most expensive of 15).
Capital Return on invested capital runs 3.9 points below its cost of capital (7.3% WACC).
Credit GATX has 18 bonds outstanding ($7.45B), rated BBB by the agencies and trading like BBB+ at a weighted spread of 91 bp.
Short interest Short interest is 5.8% of the free float (15 Oct 2026).
Next results Next results expected around 26 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.21B | $1.74B | $1.59B | $1.41B | $1.27B |
| Revenue growth | — | +10% | +12% | +11% | — |
| Gross profit | $1.03B | $846M | $761M | $647M | $573M |
| EBITDA | $1.30B | $986M | $895M | $780M | $712M |
| Net income | $384M | $328M | $279M | $259M | $156M |
| Free cash flow | -$4.48B | -$684M | -$1.07B | -$1.14B | -$722M |
| Capital expenditure | $5.34B | $1.33B | $1.67B | $1.67B | $1.26B |
| Total debt | $12.1B | $12.7B | $8.41B | $7.63B | $6.71B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| GATX GATX | $6.38B | -2% | +30% | 30% | 17.0× | n/a |
| Berkshire Hathaway BRK-B | $1.22T | +20% | +4% | 16% | 26.0× | n/a |
| Trinity Industries TRN | $2.30B | -20% | -2% | 13% | 15.8× | n/a |
| Greenbrier Companies GBX | $1.29B | -18% | -24% | 4% | 13.0× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GATX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.3% | +4.9% | 2nd highest of 15 |
| 6-month return | -2.0% | +2.6% | 4th lowest of 15 |
| Distance from 52-week high | -11.1% | -9.3% | 6th lowest of 15 |
| Revenue growth (TTM) | +29.7% | +5.0% | highest of 15 |
| Operating margin | 29.9% | 11.9% | 2nd highest of 15 |
| Forward P/E | 17.0× | 14.9× | 4th most expensive of 15 |
| ROIC minus cost of capital | -3.9 pp | -0.8 pp | 2nd lowest of 15 |
| EV / EBITDA | 14.5× | 11.4× | 6th most expensive of 13 |
| Net debt / EBITDA | 9.0× | 4.6× | most indebted of 13 |
| Bond spread | 91 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| GATX GATX | United States | $6.38B | -2% | +30% | 30% | 17.0× | n/a | n/a |
| Keisei Electric Railway 9009.T | Japan | $4.51B | +26% | +4% | 11% | 15.5× | n/a | n/a |
| Aurizon AZJ.AX | Australia | $4.49B | -5% | +6% | 21% | 14.8× | 4.4% | +6.7% |
| West Japan Railway 9021.T | Japan | $9.19B | +12% | +6% | 10% | 13.8× | 2.4% | +14.9% |
| Odakyu Electric Railway 9007.T | Japan | $3.80B | +11% | +3% | 13% | 15.1× | n/a | n/a |
| Tobu Railway 9001.T | Japan | $3.58B | +3% | +5% | 11% | 10.0× | n/a | n/a |
| Container Corporation of India CONCOR.NS | India | $3.55B | -16% | +1% | 14% | 25.4× | 33.8% | +7.2% |
| Kyushu Railway 9142.T | Japan | $3.53B | 0% | +5% | 14% | 11.3× | n/a | n/a |
| Getlink GET.PA | France | $12.3B | +9% | +9% | 40% | 35.3× | 10.1% | +14.3% |
| Guangshen Railway 601333.SS | China | $3.16B | +1% | +5% | 6% | 16.3× | -14.9% | +11.9% |
| Keio 9008.T | Japan | $2.80B | +3% | +10% | 10% | 10.5× | n/a | n/a |
| Daqin Railway 601006.SS | China | $14.5B | -7% | +3% | 6% | 16.3× | n/a | n/a |
| Keikyu 9006.T | Japan | $2.73B | +2% | +4% | 11% | 13.4× | n/a | n/a |
| Keihan 9045.T | Japan | $2.15B | +3% | +10% | 15% | 11.5× | n/a | n/a |
| Jungfraubahn JFN.SW | Switzerland | $1.81B | +1% | -4% | 21% | 22.2× | 4.4% | +22.3% |
GATX has 18 bonds outstanding with $7.45B face value. The agencies rate it BBB; its bonds trade like BBB+. Weighted yield 5.74%, a spread of 91 bp over government bonds.