GATX (GATX)


Market Price (11/6/2026): $184.05 | Market Cap: $6.4 BilSector: Industrials | Industry: Construction Machinery & Heavy Transportation Equipment

GATX (GATX)


Market Price (11/6/2026): $184.05
Market Cap: $6.4 Bil
Sector: Industrials
Industry: Construction Machinery & Heavy Transportation Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.4%, FCF Yield is 13%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 30%

Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 30%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 39%

Low stock price volatility
Vol 12M is 25%

Megatrend and thematic drivers
Megatrends include Future of Freight, E-commerce & DTC Adoption, and Energy Transition & Decarbonization. Themes include Freight Technology, Show more.

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 177%

Key risks
GATX key risks include [1] heightened financial pressures from a significant debt burden and negative free cash flow, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.4%, FCF Yield is 13%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 30%
2 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 30%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 39%
4 Low stock price volatility
Vol 12M is 25%
5 Megatrend and thematic drivers
Megatrends include Future of Freight, E-commerce & DTC Adoption, and Energy Transition & Decarbonization. Themes include Freight Technology, Show more.
6 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 177%
7 Key risks
GATX key risks include [1] heightened financial pressures from a significant debt burden and negative free cash flow, Show more.

GATX in ETFs

Weight = GATX's share of each fund

VTI0.01%
ITOT0.01%
IWM0.21%
IJH0.19%
VIG0.03%
VYM0.03%
VB0.08%
AVUV0.96%
+20 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/4/2026

GATX (GATX) stock has gained about 5% since 7/31/2026 because of the following key factors:

1. GATX exceeded fiscal Q3 2026 earnings and revenue estimates and raised its full-year guidance. The company reported diluted earnings per share of $2.92 for fiscal Q3 2026, significantly surpassing the analyst consensus of $2.46. Revenue reached $598 million, also exceeding expectations of $592.66 million. Following this strong performance, GATX increased its full-year 2026 earnings outlook, anticipating results to modestly exceed the upper end of its previously announced guidance range of $9.90 to $10.30 per diluted share.

2. The Rail North America segment demonstrated robust operational performance. This segment was a primary driver of earnings growth, with fleet utilization increasing to 98.4% at the end of fiscal Q3 2026, up 40 basis points from the prior quarter. The renewal success rate remained strong at 86.1%, and the Lease Price Index (LPI) saw a positive change of 12.4% on a trailing 12-month basis. Additionally, strong demand in the secondary market for railcars resulted in net gains on asset dispositions of $51.7 million in fiscal Q3 2026.

Show more
Updated on 11/4/2026

GATX (GATX) stock has gained about 5% since 7/31/2026 because of the following key factors:

1. GATX exceeded fiscal Q3 2026 earnings and revenue estimates and raised its full-year guidance. The company reported diluted earnings per share of $2.92 for fiscal Q3 2026, significantly surpassing the analyst consensus of $2.46. Revenue reached $598 million, also exceeding expectations of $592.66 million. Following this strong performance, GATX increased its full-year 2026 earnings outlook, anticipating results to modestly exceed the upper end of its previously announced guidance range of $9.90 to $10.30 per diluted share.

2. The Rail North America segment demonstrated robust operational performance. This segment was a primary driver of earnings growth, with fleet utilization increasing to 98.4% at the end of fiscal Q3 2026, up 40 basis points from the prior quarter. The renewal success rate remained strong at 86.1%, and the Lease Price Index (LPI) saw a positive change of 12.4% on a trailing 12-month basis. Additionally, strong demand in the secondary market for railcars resulted in net gains on asset dispositions of $51.7 million in fiscal Q3 2026.

3. The integration of Wells Fargo's rail assets contributed significantly to GATX's financial results. The acquisition of Wells Fargo's rail assets has performed better than initially expected, leading to higher management fee income. The year-to-date contribution from these assets has reached approximately $0.50 per share, effectively doubling the original full-year expectation.

4. Share repurchases highlighted management's confidence and enhanced shareholder value. GATX repurchased approximately 442,000 shares for $78.5 million during fiscal Q3 2026. Year-to-date, the company has repurchased over 732,000 shares totaling approximately $130 million, signaling management's positive outlook and commitment to returning capital to shareholders.

5. Positive analyst sentiment and increased price targets supported the stock's upward movement. Several financial analysts reiterated "Buy" ratings and raised their price targets for GATX following the strong fiscal Q3 2026 results and improved outlook. For instance, Citigroup raised its target price from $215.00 to $216.00 on October 8, 2026, and Susquehanna increased its target from $218.00 to $220.00 on July 31, 2026. The average analyst price target stands at $219.67, indicating a substantial potential upside.

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Stock Movement Drivers

Fundamental Drivers

The 4.6% change in GATX stock from 7/31/2026 to 11/5/2026 was primarily driven by a 7.7% change in the company's Total Revenues ($ Mil).
(LTM values as of)731202611052026Change
Stock Price ($)178.20186.424.6%
Change Contribution By: 
Total Revenues ($ Mil)2,0522,2117.7%
Net Income Margin (%)17.9%17.7%-1.4%
P/E Multiple17.316.8-2.6%
Shares Outstanding (Mil)36351.1%
Cumulative Contribution4.6%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/5/2026
ReturnCorrelation
GATX4.6% 
Market (SPY)-1.9%24.1%
Sector (XLI)-9.7%44.6%

Fundamental Drivers

The -4.1% change in GATX stock from 4/30/2026 to 11/5/2026 was primarily driven by a -18.8% change in the company's P/E Multiple.
(LTM values as of)430202611052026Change
Stock Price ($)194.45186.42-4.1%
Change Contribution By: 
Total Revenues ($ Mil)1,7402,21127.0%
Net Income Margin (%)19.2%17.7%-7.6%
P/E Multiple20.716.8-18.8%
Shares Outstanding (Mil)36350.6%
Cumulative Contribution-4.1%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/5/2026
ReturnCorrelation
GATX-4.1% 
Market (SPY)2.3%25.5%
Sector (XLI)-6.7%48.8%

Fundamental Drivers

The 20.6% change in GATX stock from 10/31/2025 to 11/5/2026 was primarily driven by a 29.7% change in the company's Total Revenues ($ Mil).
(LTM values as of)1031202511052026Change
Stock Price ($)154.55186.4220.6%
Change Contribution By: 
Total Revenues ($ Mil)1,7052,21129.7%
Net Income Margin (%)18.3%17.7%-3.6%
P/E Multiple17.716.8-5.1%
Shares Outstanding (Mil)36351.7%
Cumulative Contribution20.6%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/5/2026
ReturnCorrelation
GATX20.6% 
Market (SPY)8.4%31.5%
Sector (XLI)5.7%51.5%

Fundamental Drivers

The 87.0% change in GATX stock from 10/31/2023 to 11/5/2026 was primarily driven by a 62.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)1031202311052026Change
Stock Price ($)99.71186.4287.0%
Change Contribution By: 
Total Revenues ($ Mil)1,3652,21162.0%
Net Income Margin (%)17.7%17.7%-0.1%
P/E Multiple14.716.814.2%
Shares Outstanding (Mil)36351.1%
Cumulative Contribution87.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/5/2026
ReturnCorrelation
GATX87.0% 
Market (SPY)81.3%42.6%
Sector (XLI)71.8%53.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
GATX Return28%4%15%31%11%11%148%
Peers Return31%-1%36%172%-3%-12%307%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
GATX Win Rate67%58%58%67%58%64% 
Peers Win Rate48%38%53%68%48%47% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
GATX Max Drawdown-18%-32%-23%-14%-15%-19% 
Peers Max Drawdown-32%-41%-31%-25%-50%-49% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: TRN, GBX, FTAI, WLFC, RAIL. See GATX Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)

How Low Can It Go

EventGATXS&P 500
2025 US Tariff Shock
  % Loss-14.5%-18.8%
  % Gain to Breakeven17.0%23.1%
  Time to Breakeven136 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-21.1%-9.5%
  % Gain to Breakeven26.7%10.5%
  Time to Breakeven108 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-16.7%-24.5%
  % Gain to Breakeven20.1%32.4%
  Time to Breakeven28 days427 days
2020 COVID-19 Crash
  % Loss-31.7%-33.7%
  % Gain to Breakeven46.5%50.9%
  Time to Breakeven203 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-22.0%-19.2%
  % Gain to Breakeven28.1%23.8%
  Time to Breakeven357 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-29.1%-12.2%
  % Gain to Breakeven41.0%13.9%
  Time to Breakeven48 days62 days

Compare to TRN, GBX, FTAI, WLFC, RAIL

In The Past

GATX's stock fell -14.5% during the 2025 US Tariff Shock. Such a loss loss requires a 17.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventGATXS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-21.1%-9.5%
  % Gain to Breakeven26.7%10.5%
  Time to Breakeven108 days24 days
2020 COVID-19 Crash
  % Loss-31.7%-33.7%
  % Gain to Breakeven46.5%50.9%
  Time to Breakeven203 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-22.0%-19.2%
  % Gain to Breakeven28.1%23.8%
  Time to Breakeven357 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-29.1%-12.2%
  % Gain to Breakeven41.0%13.9%
  Time to Breakeven48 days62 days
2014-2016 Oil Price Collapse
  % Loss-44.8%-6.8%
  % Gain to Breakeven81.1%7.3%
  Time to Breakeven325 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-21.5%-17.9%
  % Gain to Breakeven27.3%21.8%
  Time to Breakeven21 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-24.7%-15.4%
  % Gain to Breakeven32.9%18.2%
  Time to Breakeven148 days125 days
2008-2009 Global Financial Crisis
  % Loss-61.3%-53.4%
  % Gain to Breakeven158.7%114.4%
  Time to Breakeven409 days1085 days

Compare to TRN, GBX, FTAI, WLFC, RAIL

In The Past

GATX's stock fell -14.5% during the 2025 US Tariff Shock. Such a loss loss requires a 17.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About GATX (GATX)

GATX Corporation is a global railcar leasing company, providing a substantial fleet of tank and freight railcars, alongside locomotives, to various industrial sectors across North America and internationally. The company's core business revolves around the long-term leasing of these essential transportation assets, enabling businesses to efficiently move products such as petroleum, chemicals, and agricultural goods without the need for direct asset ownership.

Beyond leasing, GATX offers a comprehensive suite of services including railcar cleaning, maintenance, repairs, regulatory compliance, and painting, ensuring optimal operational efficiency for its clients. The company also strategically diversifies its asset portfolio by leasing aircraft spare engines and specialized liquefied gas-carrying vessels, and provides asset portfolio management services for third parties. Its primary customers are found in critical industries such as petroleum, chemical, food/agriculture, and the broader transportation sectors.

AI Analysis | Feedback

Analogy 1: Ryder for industrial transportation equipment leasing. Analogy 2: A Hertz for heavy industrial assets like railcars and aircraft engines.

AI Analysis | Feedback

  • Railcar Leasing: Leases tank and freight railcars and locomotives to various industries.
  • Railcar Maintenance and Services: Provides a range of services for railcars, including interior cleaning, routine maintenance, repairs, and regulatory compliance.
  • Aircraft Spare Engine Leasing: Leases aircraft spare engines.
  • Vessel Leasing: Leases liquefied gas-carrying vessels.
  • Asset Portfolio Management: Manages portfolios of assets for third parties.

AI Analysis | Feedback

GATX Corporation primarily leases railcars, locomotives, aircraft spare engines, and vessels to other companies. Based on the provided information, the company serves companies operating within the following major industries:

  • Companies in the petroleum industry
  • Companies in the chemical industry
  • Companies in the food/agriculture industry
  • Companies in the transportation industry

AI Analysis | Feedback

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AI Analysis | Feedback

Robert C. Lyons, President and Chief Executive Officer

Mr. Lyons was elected President and Chief Executive Officer in April 2022. Prior to this role, he served as Executive Vice President and President, Rail North America starting in August 2018. He also held various Chief Financial Officer positions at GATX from 2004 to 2018. Mr. Lyons joined GATX in 1997 and progressed through the treasury and investor relations departments, becoming Vice President, Investor Relations in 2002. Before joining GATX, he worked for the Financial Relations Board and in the corporate banking division of The Bank of Tokyo-Mitsubishi. He currently serves on the Board of Directors of Packaging Corporation of America.

Thomas A. Ellman, Executive Vice President and Chief Financial Officer

Mr. Ellman was elected Executive Vice President and Chief Financial Officer in August 2018. He previously served as Executive Vice President and President, Rail North America in 2013, and Senior Vice President & Chief Commercial Officer in 2011, after being Vice President & Chief Commercial Officer since 2006. Mr. Ellman originally joined the GATX Rail finance group in 1993 and has held increasingly responsible positions within the company's finance and fleet management areas. His work experience also includes time with GE Equipment Services, Railcar Services, where he was Senior Vice President & Chief Risk Officer and Senior Vice President, Asset Management. He began his career in public accounting at KPMG.

Brian L. Glassberg, Executive Vice President, General Counsel and Secretary

Mr. Glassberg was elected Executive Vice President, General Counsel and Secretary, effective December 2022. He joined GATX in 2011 as Assistant General Counsel and has since held various leadership roles within the GATX Law department. Prior to his time at GATX, Mr. Glassberg worked as a corporate associate at Latham & Watkins, LLP.

Paul F. Titterton, Executive Vice President and President, Rail North America

Mr. Titterton holds the position of Executive Vice President and President, Rail North America.

Robert A. Zmudka, Senior Vice President and Chief Commercial Officer

Mr. Zmudka is the Senior Vice President and Chief Commercial Officer at GATX. He has 31 years of experience in large ticket rail equipment leasing and marketing. In his role, he leads the commercial sales, marketing, customer service, and fleet utilization teams responsible for a significant portion of the company's annual lease revenue on its North American railcar portfolio.

AI Analysis | Feedback

GATX Corporation, a prominent railcar and aircraft spare engine leasing company, faces several key risks inherent to its capital-intensive and cyclical business model.

The most significant risk to GATX's business is **macroeconomic volatility and the cyclical nature of the railcar leasing market**. The company's performance is highly sensitive to overall economic conditions, fluctuations in commodity prices, and global trade policies. Prolonged economic slowdowns, inflationary pressures, and high interest rates can lead to a significant decline in customer demand for its transportation assets, lower lease rates, and increased operational costs. Furthermore, GATX has noted continued challenges in the European intermodal market due to macroeconomic headwinds and slower GDP growth, impacting fleet utilization in that region.

A second major risk stems from **GATX's high leverage and sensitivity to interest rate fluctuations**. As a capital-intensive leasing business, GATX operates with a significant debt-to-equity ratio, which was reported at 3.26 as of late 2025. This financial structure makes the company particularly vulnerable to increases in interest rates, which can raise its financing costs and impact overall profitability. The need to fund substantial acquisitions and fleet investments further underscores the importance of effective debt management and exposes GATX to refinancing risks.

Finally, **intense competition and dynamic market conditions** pose a key risk. GATX operates in a competitive environment with other lessors, and its ability to secure satisfactory lease rates and maintain high fleet utilization can be impacted by market oversupply or aggressive pricing from competitors. Changes in the broader transportation landscape, such as the availability of alternative modes of transport like pipelines or trucks, could also reduce demand for railcars and affect GATX's core business. The constant threat of asset obsolescence in transportation leasing further necessitates continuous investment to maintain a competitive and modern fleet.

AI Analysis | Feedback

The accelerating global transition away from fossil fuels and the associated decarbonization efforts pose a clear emerging threat to a significant portion of GATX's business by reducing the long-term demand for railcars and vessels specialized in transporting petroleum, certain chemicals, and liquefied natural gas.

AI Analysis | Feedback

GATX Corporation operates in several addressable markets globally and in North America, primarily focusing on railcar leasing, locomotive leasing, aircraft spare engine leasing, and liquefied gas-carrying vessel leasing.

Railcar Leasing

  • The global railcar leasing market size was valued at approximately USD 11.4 billion in 2025 and is projected to grow to USD 18.2 billion by 2034, with a compound annual growth rate (CAGR) of 5.4% from 2026 to 2034.
  • North America is the largest market for railcar leasing, holding approximately 60% of the global market share and 72.44% in 2025. The North America railcar leasing market size is estimated to reach USD 7.9 billion by 2031.
  • The U.S. railcar leasing market was valued at USD 7.29 billion in 2025.

Locomotive Leasing

  • The global locomotive leasing market size was approximately USD 5.8 billion in 2024 and is projected to reach USD 10.1 billion by 2033, growing at a CAGR of 6.2% from 2025 to 2033. Another source indicates the global market was valued at USD 12.41 billion in 2025 and is expected to reach USD 24.19 billion by 2032, with a CAGR of 10.0% during the forecast period.
  • North America remains the largest regional market for locomotive leasing, accounting for approximately USD 2.1 billion in 2024, and over 25% of the market in 2025.

Aircraft Spare Engine Leasing

  • The global engine leasing market size was valued at approximately USD 11.12 billion in 2025 and is projected to reach USD 17.70 billion by 2032, growing at a CAGR of around 6.87% from 2026 to 2032.
  • North America holds the largest market share in the global engine leasing market, at about 34% in 2025.

Liquefied Gas-Carrying Vessel Leasing (LNG Carriers)

  • The global LNG carriers market size was valued at USD 16.71 billion in 2025 and is projected to grow from USD 18.04 billion in 2026 to USD 33.37 billion by 2034, exhibiting a CAGR of 7.99% during the forecast period. Other estimates for the global market size include USD 13.70 billion in 2025, expected to reach USD 22.67 billion by 2033 at a CAGR of 6.50%, and USD 15.47 billion in 2025, projected to reach USD 23.19 billion by 2031 at a CAGR of 6.89%.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for GATX Corporation (GATX) over the next 2-3 years:

  1. Significant Expansion of Rail North America Fleet: GATX recently completed its largest acquisition, integrating the Wells Fargo Rail lease fleet, which virtually doubled the size of its North American railcar leasing fleet. This expansion is projected to substantially increase Rail North America lease revenue by approximately $550 million over 2025 in 2026, with anticipated 98% to 99% utilization of the consolidated fleet by the end of 2026.
  2. Strong Pricing Power and High Utilization in North American Railcar Leasing: GATX has consistently demonstrated robust pricing power, with positive renewal lease rate changes in its Lease Price Index (LPI) (e.g., 21.9% in Q4 2025). Coupled with an impressive utilization rate of around 99% for its North American railcar fleet, these factors indicate strong demand and the ability to secure favorable lease terms, driving higher lease revenues.
  3. Growth in Aircraft Engine Leasing Segment: The company's engine leasing segment is a significant driver of profit growth, supported by the continued recovery in global air travel. GATX anticipates a $15 million to $20 million increase in segment profit for engine leasing in 2026.
  4. International Railcar Fleet Expansion: GATX is actively growing its international railcar fleets, particularly in India and Europe. This strategic expansion, including the acquisition of 6,000 freight cars from Germany's DB Cargo and an increase in its Indian fleet to over 12,000 cars, is expected to contribute to a $5 million to $10 million increase in Rail International segment profit in 2026.
  5. Increased Gains from Equipment Disposition: GATX projects higher net gains from asset dispositions, including scrapping. These gains are expected to reach $200 million in 2026, up from $130 million in 2025, contributing to overall revenue.

AI Analysis | Feedback

Share Repurchases

  • GATX's Board of Directors authorized a new $300 million share repurchase program on February 18, 2026, as the prior authorization from 2019 was largely depleted.
  • In 2025, GATX returned approximately $155 million to shareholders through a combination of dividends and share buybacks.
  • During the nine months ended September 30, 2024, the company repurchased 166,400 shares of common stock for $21.8 million.

Outbound Investments

  • On January 1, 2026, GATX, through a new joint venture (GABX) with Brookfield Infrastructure Partners, completed the acquisition of approximately 101,000 railcars from Wells Fargo for about $4.2 billion, with GATX holding an initial 30% ownership. GATX also directly purchased approximately 200 locomotives from Wells Fargo for approximately $30.4 million.
  • In the fourth quarter of 2025, GATX Rail Europe acquired 5,882 railcars from DB Cargo AG, significantly expanding its European fleet.
  • GATX Rail India expanded its portfolio to over 12,000 wagons in 2025.

Capital Expenditures

  • GATX's total investment volume, reflecting capital expenditures across its core businesses, exceeded $1.3 billion in 2025. This included over $640 million in Rail North America and over $500 million in GATX International.
  • In 2024, the company's total investment volume exceeded $1.6 billion, with over $1.1 billion dedicated to the Rail North America business.
  • Capital expenditures are primarily focused on expanding and enhancing GATX's fleet of railcars across North America, Europe, and India, as well as its aircraft spare engine portfolio. The company has a long-term agreement with Trinity for 15,000 new railcars through 2028, including 6,000 tank cars from 2024 to 2028.

Better Bets vs. GATX (GATX)

Peer Outperformance in Construction Machinery & Heavy Transportation Equipment

GATX has outperformed 50% of its 12 Construction Machinery & Heavy Transportation Equipment peers over 5Y. Construction Machinery & Heavy Transportation Equipment ranks 2nd of 23 industries in Industrials by median 5Y return. That makes it one of the strongest corners of the sector.
Share of Construction Machinery & Heavy Transportation Equipment constituents that GATX has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
83%
of 12 industry peers · 23.8% return
3Y
67%
of 12 industry peers · 81.0% return
5Y
50%
of 12 industry peers · 95.0% return
No Construction Machinery & Heavy Transportation Equipment peer with a comparable growth profile has beaten GATX by more than 20pp over 5Y.
Median price return by industry across the Industrials sector, ranked by 5Y. Construction Machinery & Heavy Transportation Equipment is GATX's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Marine Transportation 5 25.1%30.2%102.9% MATX 155% · KEX 103%
Construction Machinery & Heavy Transportation Equipment ← 13 6.3%55.5%95.0% ALSN 255% · WAB 204% · CAT 192%
Construction & Engineering 29 -21.3%79.9%94.8% FIX 895% · STRL 799% · AGX 526%
Aerospace & Defense 54 -12.6%55.7%49.5% ATI 849% · FTAI 756% · HWM 509%
Trading Companies & Distributors 19 5.6%30.7%33.8% DXPE 276% · AIT 184% · URI 177%
Industrial Machinery & Supplies & Components 71 0.3%46.1%29.7% CRS 797% · MLI 298% · SYM 249%
Rail Transportation 7 34.9%53.7%27.8% CSX 54% · UNP 40% · NSC 28%
Diversified Support Services 33 14.8%36.8%21.3% CXW 195% · OPLN 143% · CTAS 115%
Building Products 34 -6.6%9.3%10.6% MOD 714% · GFF 345% · TT 126%
Cargo Ground Transportation 16 27.9%14.6%4.8% XPO 269% · R 250% · ARCB 25%
Industrial Conglomerates 17 14.8%-1.6%-1.3% CSW 103% · CSL 72% · DD 65%
Office Services & Supplies 10 20.8%22.5%-2.6% PBI 158% · TILE 140% · HNI 40%
Electrical Components & Equipment 39 -14.2%56.2%-12.1% POWL 1360% · VRT 543% · BE 424%
Data Processing & Outsourced Services 6 -11.8%5.0%-12.7% EXLS 59% · BR 22% · G -12%
Research & Consulting Services 13 4.9%-15.5%-22.6% HURN 227% · FCN 36% · BAH 14%
Agricultural & Farm Machinery 16 7.2%-7.4%-27.4% BLBD 171% · DE 99% · TTC 15%
Security & Alarm Services 9 -51.2%10.7%-28.0% BCO 65%
Environmental & Facilities Services 29 -31.2%25.5%-28.1% GEO 163% · CLH 162% · RSG 100%
Passenger Airlines 11 2.6%64.1%-34.8% LTM 3100% · UAL 110% · DAL 100%
Air Freight & Logistics 12 -28.8%-7.3%-39.1% FDX 80% · EXPD 60% · CHRW 54%
Human Resource & Employment Services 22 19.2%-6.0%-42.4% ADP 50% · FA 22% · PAYX 13%
Passenger Ground Transportation 3 -14.1%42.9%-57.4% UBER 46% · CAR -57% · LYFT -67%
Airport Services 4 -49.1%-62.8%-86.2% JOBY -47%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

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Peer Comparisons

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Financials

GATXTRNGBXFTAIWLFCRAILMedian
NameGATX Trinity .Greenbri.FTAI Avi.Willis L.FreightC. 
Mkt Price184.0529.9342.09178.5446.274.2444.18
Mkt Cap6.52.41.318.31.00.11.8
Rev LTM2,2112,1232,4613,4238284642,167
Op Inc LTM66129510580025317274
FCF LTM864-272-240-1,033-75518-256
FCF 3Y Avg697-259-108-1,106-46734-183
CFO LTM86441040-51231321176
CFO 3Y Avg697418212-27328939250

Growth & Margins

GATXTRNGBXFTAIWLFCRAILMedian
NameGATX Trinity .Greenbri.FTAI Avi.Willis L.FreightC. 
Rev Chg LTM29.7%-2.4%-24.0%46.0%20.1%-0.5%9.8%
Rev Chg 3Y Avg17.7%-6.1%-14.3%44.7%28.4%7.5%12.6%
Rev Chg Q36.1%17.8%-22.2%46.6%34.3%-4.6%26.1%
QoQ Delta Rev Chg LTM7.7%4.0%-6.4%10.0%8.2%-1.2%5.8%
Op Inc Chg LTM26.9%-19.4%-69.4%9.7%-11.5%-45.2%-15.5%
Op Inc Chg 3Y Avg20.4%10.4%-2.5%78.7%26.6%141.1%23.5%
Op Mgn LTM29.9%13.9%4.3%23.4%30.5%3.8%18.6%
Op Mgn 3Y Avg29.9%14.9%7.9%22.4%38.6%4.9%18.6%
QoQ Delta Op Mgn LTM0.9%-1.7%-1.6%-1.8%-7.3%-2.5%-1.8%
CFO/Rev LTM39.1%19.3%1.6%-15.0%37.8%4.6%12.0%
CFO/Rev 3Y Avg38.1%17.0%6.4%-10.3%43.4%8.2%12.6%
FCF/Rev LTM39.1%-12.8%-9.7%-30.2%-91.1%3.9%-11.3%
FCF/Rev 3Y Avg38.1%-11.5%-4.0%-49.9%-65.1%7.0%-7.8%

Valuation

GATXTRNGBXFTAIWLFCRAILMedian
NameGATX Trinity .Greenbri.FTAI Avi.Willis L.FreightC. 
Mkt Cap6.52.41.318.31.00.11.8
P/S2.91.10.55.41.20.31.2
P/Op Inc9.88.112.422.93.97.89.0
P/EBIT7.33.38.720.94.122.68.0
P/E16.67.316.534.612.4-10.914.4
P/CFO7.55.832.9-35.83.16.46.1
Total Yield7.4%17.6%9.2%4.2%9.2%-9.4%8.3%
Dividend Yield1.4%4.1%3.2%1.0%1.2%0.0%1.3%
FCF Yield 3Y Avg12.2%-11.6%-8.2%-7.0%-46.6%21.9%-7.6%
D/E1.92.21.50.22.61.11.7
Net D/E1.82.21.30.22.60.61.5

Returns

GATXTRNGBXFTAIWLFCRAILMedian
NameGATX Trinity .Greenbri.FTAI Avi.Willis L.FreightC. 
1M Rtn7.7%15.6%5.0%-0.5%8.0%-35.8%6.3%
3M Rtn3.3%-2.2%-11.7%-19.1%-27.4%-45.0%-15.4%
6M Rtn1.3%-16.6%-15.9%-34.2%-38.2%-46.9%-25.4%
12M Rtn22.2%18.7%1.6%10.7%16.2%-50.8%13.5%
3Y Rtn78.7%41.1%22.7%357.1%216.6%57.0%67.9%
1M Excs Rtn14.1%20.8%10.0%3.7%13.7%-31.1%11.8%
3M Excs Rtn4.8%2.2%-10.0%-16.3%-23.2%-45.7%-13.1%
6M Excs Rtn-3.4%-21.3%-20.6%-39.5%-42.9%-51.8%-30.4%
12M Excs Rtn9.4%6.1%-9.6%0.9%4.8%-62.8%2.8%
3Y Excs Rtn2.3%-19.7%-50.3%300.8%139.0%-23.9%-8.7%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Rail North America1,1861,099983908892
Rail International388350310275284
Engine Leasing125977754 
Other4139423634
Portfolio Management    48
Total1,7401,5861,4111,2731,257


Operating Income by Segment
$ Mil20001999199819971996
GATX Rail106118   
Financial Services-23118646246
Other-29    
GATX Integrated Solutions Group 45   
Great Lakes Shipping  11157
Logistics & Warehousing  3-351
Railcar Leasing and Management  10611768
Terminals and Pipelines  12-19313
Total54280196-34134


Assets by Segment
$ Mil20252024202320222021
Rail North America12,2367,7526,9946,4466,142
Rail International2,9192,2332,1751,7741,730
Engine Leasing1,8321,6531,3551,107 
Other1,013658802745621
Portfolio Management    1,049
Total18,00012,29611,32610,0729,542


Price Behavior

Price Behavior
Market Price$186.42 
Market Cap ($ Bil)6.6 
First Trading Date11/05/1987 
Distance from 52W High-6.4% 
   50 Days200 Days
DMA Price$174.24$178.23
DMA Trenddownindeterminate
Distance from DMA7.0%4.6%
 3M1YR
Volatility26.3%24.8%
Downside Capture7.7158.34
Upside Capture54.2777.94
Correlation (S&P 500)15.0%30.3%
GATX Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta-0.070.380.370.510.580.69
Up Beta3.421.621.020.420.560.64
Down Beta-0.24-0.83-0.750.180.290.59
Up Capture43%75%52%48%65%55%
Bmk +ve Days12182862130427
Stock +ve Days13243366133407
Down Capture-58%39%50%84%73%91%
Bmk -ve Days10253664121325
Stock -ve Days9193059117344

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GATX
GATX24.5%24.8%0.83-
Sector ETF (XLI)7.4%17.8%0.2451.2%
Equity (SPY)9.5%13.6%0.4131.1%
Gold (GLD)3.6%28.7%0.1115.5%
Commodities (DBC)37.7%21.2%1.40-24.0%
Real Estate (VNQ)12.0%14.2%0.5547.7%
Bitcoin (BTCUSD)-20.8%43.3%-0.423.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GATX
GATX16.3%25.3%0.57-
Sector ETF (XLI)10.8%17.7%0.4559.7%
Equity (SPY)11.3%17.3%0.4849.8%
Gold (GLD)17.5%19.1%0.7411.7%
Commodities (DBC)8.0%19.6%0.2912.1%
Real Estate (VNQ)1.2%18.9%-0.0550.3%
Bitcoin (BTCUSD)5.9%51.5%0.2920.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GATX
GATX17.8%29.7%0.60-
Sector ETF (XLI)12.9%20.1%0.5668.1%
Equity (SPY)14.9%18.0%0.7057.9%
Gold (GLD)12.0%16.5%0.593.1%
Commodities (DBC)7.6%18.1%0.3324.5%
Real Estate (VNQ)5.7%20.7%0.2351.1%
Bitcoin (BTCUSD)61.3%66.2%1.0115.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity2.0 Mil
Short Interest: % Change Since 9302026-7.1%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest9.1 days
Basic Shares Quantity35.3 Mil
Short % of Basic Shares5.7%

Earnings Returns History

Updated 11/6/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/29/20266.9%12.9% 
7/30/20260.0%-1.2%-1.8%
5/7/2026-8.3%-9.9%-14.3%
2/19/2026-0.6%-0.8%-12.8%
10/21/2025-5.8%-8.6%-11.7%
7/29/20251.1%-1.9%8.1%
4/23/2025-4.4%-2.2%-1.8%
1/23/20254.5%6.3%4.8%
...
SUMMARY STATS   
# Positive111114
# Negative13139
Median Positive4.5%6.2%5.8%
Median Negative-3.6%-3.1%-8.1%
Max Positive6.9%12.9%18.2%
Max Negative-8.3%-10.0%-14.3%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/29/20266.9%12.9% 
7/30/20260.0%-1.2%-1.8%
5/7/2026-8.3%-9.9%-14.3%
2/19/2026-0.6%-0.8%-12.8%
10/21/2025-5.8%-8.6%-11.7%
7/29/20251.1%-1.9%8.1%
4/23/2025-4.4%-2.2%-1.8%
1/23/20254.5%6.3%4.8%
10/22/20246.7%6.2%16.3%
7/23/2024-7.7%-5.8%-4.7%
4/23/2024-3.0%-3.1%8.4%
1/23/20245.9%7.7%7.3%
10/24/2023-2.1%-2.5%3.2%
7/25/2023-2.4%-5.5%-10.8%
4/25/20233.3%0.3%1.9%
1/24/20232.3%4.3%-0.5%
10/25/20222.3%9.6%18.2%
7/21/2022-3.6%-1.5%4.7%
4/20/2022-4.0%-10.0%-8.1%
1/25/20226.5%9.0%8.1%
10/21/2021-2.8%-5.2%3.8%
7/20/20215.7%5.8%6.7%
4/20/2021-3.6%1.4%1.3%
1/28/2021-3.3%0.9%4.9%
SUMMARY STATS   
# Positive111114
# Negative13139
Median Positive4.5%6.2%5.8%
Median Negative-3.6%-3.1%-8.1%
Max Positive6.9%12.9%18.2%
Max Negative-8.3%-10.0%-14.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202610/30/202610-Q
06/30/202607/31/202610-Q
03/31/202605/07/202610-Q
12/31/202502/19/202610-K
09/30/202510/30/202510-Q
06/30/202507/29/202510-Q
03/31/202504/25/202510-Q
12/31/202402/19/202510-K
09/30/202410/24/202410-Q
06/30/202407/25/202410-Q
03/31/202404/26/202410-Q
12/31/202302/16/202410-K
09/30/202310/26/202310-Q
06/30/202307/27/202310-Q
03/31/202304/28/202310-Q
12/31/202202/16/202310-K
Collapse to Preview
Report DateFiling DateFiling
09/30/202610/30/202610-Q
06/30/202607/31/202610-Q
03/31/202605/07/202610-Q
12/31/202502/19/202610-K
09/30/202510/30/202510-Q
06/30/202507/29/202510-Q
03/31/202504/25/202510-Q
12/31/202402/19/202510-K
09/30/202410/24/202410-Q
06/30/202407/25/202410-Q
03/31/202404/26/202410-Q
12/31/202302/16/202410-K
09/30/202310/26/202310-Q
06/30/202307/27/202310-Q
03/31/202304/28/202310-Q
12/31/202202/16/202310-K
09/30/202210/28/202210-Q
06/30/202207/29/202210-Q
03/31/202204/28/202210-Q
12/31/202102/17/202210-K
09/30/202110/29/202110-Q
06/30/202107/30/202110-Q
03/31/202104/29/202110-Q
12/31/202002/18/202110-K
09/30/202010/30/202010-Q
06/30/202008/03/202010-Q
03/31/202005/05/202010-Q
12/31/201902/19/202010-K

Recent Forward Guidance

Updated 10/30/2026

Latest: Q3 2026 Earnings Reported 10/29/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Diluted Earnings Per Share Excluding Tax Adjustments and Other ItemsReported10.310.3 2.0% RaisedGuidance: 10.1 for 2026


Prior: Q2 2026 Earnings Reported 7/30/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 EPSReported9.910.110.3  RaisedGuidance: 9.8 for 2026

Q1 2026 Earnings Reported 5/7/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 EPSReported9.59.810.10.0% AffirmedGuidance: 9.8 for 2026

Q4 2025 Earnings Reported 2/19/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 Earnings per diluted shareReported9.59.810.112.6% Higher NewGuidance: 8.7 for 2025
2026 Wells Fargo transaction income contributionReported0.20.250.3   

Insider Activity

Updated 11/6/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Hillesland, KevinSVP, Structured FinanceDirectSell11062026187.261,900355,8021,350,549Form
2Lyons, Robert CPresident and CEODirectSell11052026186.0012,2652,281,30810,510,943Form
3Phillips, GeoffreySr. VP, OperationsDirectSell9112026177.602,500443,992178Form
4Doygun, ErenSVP Chief Plan. & Invest. Off.DirectSell8272026179.521,000179,519955,578Form
5Sbragia, JohnSVP, Engineering and QualityDirectSell8182026180.401,900342,7591,238,803Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Hillesland, KevinSVP, Structured FinanceDirectSell11062026187.261,900355,8021,350,549Form
2Lyons, Robert CPresident and CEODirectSell11052026186.0012,2652,281,30810,510,943Form
3Phillips, GeoffreySr. VP, OperationsDirectSell9112026177.602,500443,992178Form
4Doygun, ErenSVP Chief Plan. & Invest. Off.DirectSell8272026179.521,000179,519955,578Form
5Sbragia, JohnSVP, Engineering and QualityDirectSell8182026180.401,900342,7591,238,803Form
6Ellman, Thomas AEVP & CFODirectSell8072026180.0818,2003,277,4106,187,642Form
7Van, Aken JenniferSr VP Treasurer & CRODirectSell8042026180.711,700307,2001,069,058Form
8Glassberg, Brian LEVP, General Counsel & Secy.DirectSell2242026198.292,000396,5841,396,173Form
9Young, Jeffery RSVP, Chief Tax OfficerDirectSell2242026196.292,595509,3741,511,437Form
10Zmudka, RobertSr. VP & Chief Comm. Off.DirectSell2242026192.615,2001,001,5761,443,233Form
11Van, Aken JenniferSr VP Treasurer & CRODirectSell12112025164.151,800295,466970,441Form

Investor Activity (13F)

Updated Nov 6, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Harbor Island Capital LLC$14.2 Mil5.3%16Hold13F
Philadelphia Financial Management of San Francisco, LLC$8.7 Mil2.8%42TRIM -26.2%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Philadelphia Financial Management of San Francisco, LLC$8.7 Mil2.8%42TRIM -26.2%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Harbor Island Capital LLC$14.2 Mil5.3%16Hold13F
Philadelphia Financial Management of San Francisco, LLC$8.7 Mil2.8%42TRIM -26.2%13F

Industry Resources

Industrials Resources
IndustryWeek
Manufacturing.net
Aviation Week
Construction Machinery & Heavy Transportation Equipment Resources
Equipment World
Construction Equipment
OEM Off-Highway
Core Cache Last Updated: 11/5/2026