Tearsheet

Greenbrier Companies (GBX)


Market Price (4/15/2026): $52.605 | Market Cap: $1.6 Bil
Sector: Industrials | Industry: Construction Machinery & Heavy Transportation Equipment

Greenbrier Companies (GBX)


Market Price (4/15/2026): $52.605
Market Cap: $1.6 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 12%, Dividend Yield is 2.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.3%, FCF Yield is 14%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%

Low stock price volatility
Vol 12M is 37%

Megatrend and thematic drivers
Megatrends include Future of Freight, and E-commerce & DTC Adoption. Themes include Freight Technology, and Supply Chain Digitization.

Weak multi-year price returns
2Y Excs Rtn is -31%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 81%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -18%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.9%, Rev Chg QQuarterly Revenue Change % is -23%

Key risks
GBX key risks include [1] potentially unsustainable recent growth as its backlog and delivery data show signs of a slowdown, 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 12%, Dividend Yield is 2.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.3%, FCF Yield is 14%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%
2 Low stock price volatility
Vol 12M is 37%
3 Megatrend and thematic drivers
Megatrends include Future of Freight, and E-commerce & DTC Adoption. Themes include Freight Technology, and Supply Chain Digitization.
4 Weak multi-year price returns
2Y Excs Rtn is -31%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 81%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -18%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.9%, Rev Chg QQuarterly Revenue Change % is -23%
7 Key risks
GBX key risks include [1] potentially unsustainable recent growth as its backlog and delivery data show signs of a slowdown, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

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Greenbrier Companies (GBX) stock has gained about 15% since 12/31/2025 because of the following key factors:

1. Strong Fiscal Q1 2026 Earnings Outperformance.

Greenbrier Companies significantly exceeded analyst expectations in its first fiscal quarter of 2026 (ended November 30, 2025), reporting diluted EPS of $1.14 against a forecast of $0.87, representing a 31.03% beat. This positive earnings surprise, announced on January 8, 2026, contributed to a 5.39% increase in the stock price in after-hours trading.

2. Robust Railcar Order Backlog and New Orders.

The company demonstrated a robust outlook with new railcar orders totaling 3,700 units valued at approximately $550 million in fiscal Q1 2026, maintaining a strong railcar backlog of 16,300 units with an estimated value of $2.2 billion as of November 30, 2025. This substantial backlog provides revenue visibility and signals ongoing demand for its products.

Show more

Stock Movement Drivers

Fundamental Drivers

The 13.3% change in GBX stock from 12/31/2025 to 4/14/2026 was primarily driven by a 56.2% change in the company's P/E Multiple.
(LTM values as of)123120254142026Change
Stock Price ($)46.4552.6413.3%
Change Contribution By: 
Total Revenues ($ Mil)3,2402,896-10.6%
Net Income Margin (%)6.3%5.1%-18.7%
P/E Multiple7.011.056.2%
Shares Outstanding (Mil)3131-0.1%
Cumulative Contribution13.3%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/14/2026
ReturnCorrelation
GBX13.3% 
Market (SPY)-5.4%16.7%
Sector (XLI)11.8%27.8%

Fundamental Drivers

The 15.6% change in GBX stock from 9/30/2025 to 4/14/2026 was primarily driven by a 76.9% change in the company's P/E Multiple.
(LTM values as of)93020254142026Change
Stock Price ($)45.5352.6415.6%
Change Contribution By: 
Total Revenues ($ Mil)3,5342,896-18.1%
Net Income Margin (%)6.5%5.1%-20.9%
P/E Multiple6.211.076.9%
Shares Outstanding (Mil)31310.9%
Cumulative Contribution15.6%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/14/2026
ReturnCorrelation
GBX15.6% 
Market (SPY)-2.9%25.6%
Sector (XLI)12.8%31.9%

Fundamental Drivers

The 5.7% change in GBX stock from 3/31/2025 to 4/14/2026 was primarily driven by a 29.9% change in the company's P/E Multiple.
(LTM values as of)33120254142026Change
Stock Price ($)49.8052.645.7%
Change Contribution By: 
Total Revenues ($ Mil)3,6122,896-19.8%
Net Income Margin (%)5.1%5.1%0.4%
P/E Multiple8.411.029.9%
Shares Outstanding (Mil)31311.1%
Cumulative Contribution5.7%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/14/2026
ReturnCorrelation
GBX5.7% 
Market (SPY)16.3%47.3%
Sector (XLI)33.7%47.0%

Fundamental Drivers

The 77.3% change in GBX stock from 3/31/2023 to 4/14/2026 was primarily driven by a 743.0% change in the company's Net Income Margin (%).
(LTM values as of)33120234142026Change
Stock Price ($)29.6952.6477.3%
Change Contribution By: 
Total Revenues ($ Mil)3,1942,896-9.3%
Net Income Margin (%)0.6%5.1%743.0%
P/E Multiple50.111.0-78.1%
Shares Outstanding (Mil)33315.8%
Cumulative Contribution77.3%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/14/2026
ReturnCorrelation
GBX77.3% 
Market (SPY)63.3%40.5%
Sector (XLI)78.7%45.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
GBX Return29%-25%36%41%-21%12%66%
Peers Return31%0%5%88%7%13%215%
S&P 500 Return27%-19%24%23%16%-0%81%

Monthly Win Rates [3]
GBX Win Rate50%33%58%67%50%50% 
Peers Win Rate56%48%44%65%56%75% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
GBX Max Drawdown-3%-46%-22%-1%-35%0% 
Peers Max Drawdown-3%-18%-17%-6%-26%-8% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: TRN, GATX, RAIL, WAB.
[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 4/14/2026 (YTD)

How Low Can It Go

Unique KeyEventGBXS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-54.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven120.0%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven551 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-59.5%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven147.2%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven185 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-66.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven199.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven1,898 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-95.0%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven1908.9%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1,809 days1,480 days

Compare to TRN, GATX, RAIL, WAB

In The Past

Greenbrier Companies's stock fell -54.6% during the 2022 Inflation Shock from a high on 3/25/2022. A -54.6% loss requires a 120.0% gain to breakeven.

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About Greenbrier Companies (GBX)

The Greenbrier Companies, Inc. designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers conventional railcars, such as covered hopper cars, boxcars, center partition cars, and bulkhead flat cars; tank cars; double-stack intermodal railcars; auto-max and multi-max products for the transportation of light vehicles; pressurized tank cars, non-pressurized tank cars, flat cars, coil cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels. The Wheels, Repair & Parts segment provides wheel services, including reconditioning of wheels and axles, new axle machining and finishing, and downsizing; operates a railcar repair, refurbishment, and maintenance network; and reconditions and manufactures railcar cushioning units, couplers, yokes, side frames, bolsters, and various other parts, as well as produces roofs, doors, and associated parts for boxcars. The Leasing & Services segment offers operating leases and ‘per diem' leases for a fleet of approximately 8,800 railcars; and management services comprising railcar maintenance management, railcar accounting services, fleet management and logistics, administration, and railcar remarketing. This segment owns or provides management services to a fleet of approximately 444,000 railcars for railroads, shippers, carriers, institutional investors, and other leasing and transportation companies. The company serves railroads, leasing companies, financial institutions, shippers, carriers, and transportation companies. The Greenbrier Companies, Inc. was founded in 1974 and is headquartered in Lake Oswego, Oregon.

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Here are a couple of brief analogies to describe Greenbrier Companies:

  • Caterpillar for freight railcars. (They design, manufacture, repair, and provide parts for heavy rail transportation equipment.)
  • A specialized Boeing, but for freight trains instead of airplanes. (They design, build, and service complex transportation vehicles for the rail industry.)

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  • Railroad Freight Cars: Designs and manufactures various types of railroad freight cars, including hoppers, boxcars, tank cars, and intermodal railcars.
  • Marine Vessels: Produces marine vessels.
  • Wheel Services: Provides reconditioning, machining, and finishing services for railcar wheels and axles.
  • Railcar Repair & Maintenance: Offers a network for railcar repair, refurbishment, and maintenance.
  • Railcar Parts Manufacturing & Reconditioning: Produces and reconditions various railcar components such as cushioning units, couplers, and roofs.
  • Railcar Leasing: Offers operating and per diem leases for a fleet of railcars.
  • Railcar Fleet Management Services: Provides comprehensive management services for railcar fleets, including maintenance, accounting, logistics, and remarketing.

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The Greenbrier Companies (GBX) sells primarily to other companies. Based on the provided background, its major customers fall into the following categories:

  • Railroads
  • Leasing Companies
  • Financial Institutions
  • Shippers
  • Carriers
  • Transportation Companies

The background information does not provide specific names of individual customer companies or their public symbols.

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Lorie L. Tekorius, Chief Executive Officer & President

Lorie L. Tekorius was promoted to Chief Executive Officer & President of Greenbrier in 2022. She joined the company in 1995 and served in various finance and operations leadership roles, including Senior Vice President, Corporate Finance and Treasurer, and Executive Vice President and Chief Financial Officer. Ms. Tekorius is an elected independent director of Alamo Group, Inc. and serves as a board member of the Federal Reserve Bank of San Francisco's Portland Branch.

Michael J. Donfris, Chief Financial Officer

Michael J. Donfris was appointed as Chief Financial Officer of Greenbrier in May 2024, with his role officially commencing in July 2024. Prior to joining Greenbrier, he served as CFO at R.J. Corman Railroad Group since 2020. Mr. Donfris possesses nearly four decades of finance and accounting experience, including a significant tenure at Kimberly-Clark and leadership positions at TrinityRail, where he was Vice President of Finance and Chief Accounting Officer. At R.J. Corman, he contributed to developing a multi-year strategic plan and completing railroad acquisitions. At TrinityRail, he led initiatives to increase cash flow and revenues and helped in developing growth strategy and an improved capital structure.

Brian J. Comstock, Executive Vice President & President, The Americas

Brian J. Comstock has served as Executive Vice President & President, The Americas, since January 2024, overseeing operations in the United States, Mexico, Canada, and Brazil. He has been involved in the railroad industry since 1980 and joined Greenbrier in 1998. Mr. Comstock previously held the positions of Chief Commercial & Leasing Officer and Executive Vice President, Sales and Marketing. Before his time at Greenbrier, he held commercial and operational roles at PLM Leasing, Transco Railway Products, Inc., and Trinity Industries.

William Glenn, Senior Vice President & President, Europe

William Glenn assumed responsibility for all Greenbrier operations in Europe in January 2024, holding the title of Senior Vice President & President, Europe. He has been with Greenbrier for over 20 years in various roles within the company.

William A. Furman, Founder & Former Chief Executive Officer

William A. Furman co-founded The Greenbrier Companies in 1981 with Alan James and served as its President, Chief Executive Officer, and a director from 1981 until stepping down as CEO in 2022 and retiring from the office of Executive Chairman in January 2024. His entrepreneurial journey began in 1974 when he and James established James-Furman & Company, acquiring the lease-underwriting division of their previous employer, TransPacific Financial Corporation. This venture later led them to manage Greenbrier Leasing Corporation for Commercial Metals Company. In 1981, Furman and James acquired Commercial Metals' leasing operations, formally establishing The Greenbrier Companies. Mr. Furman was also previously the Chief Executive Officer of GBW Railcar Services LLC and Vice President-Leasing Group of TransPacific Financial Corp.

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The primary key risk to The Greenbrier Companies (GBX) is the cyclical nature of the railcar manufacturing, leasing, and services industry, which is highly sensitive to overall economic conditions and fluctuations in freight volumes.

Demand for new railcar equipment, utilization of existing fleets (impacting repair and parts services), and the attractiveness of leasing services are directly influenced by the health of the global economy, industrial production, and the volume of goods being transported by rail. During economic downturns or periods of reduced freight activity, customers such as railroads, shippers, and leasing companies may scale back capital expenditures on new equipment, defer maintenance, or reduce demand for leased railcars, thereby significantly impacting all of Greenbrier's operating segments.

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The Greenbrier Companies, Inc. (GBX) operates within addressable markets related to railroad freight car manufacturing, railcar leasing, and railcar wheels, repair, and parts in North America, Europe, and South America.

Manufacturing Segment (Railroad Freight Car Equipment)

  • Global Railcar Market: The global railcar market, which includes freight cars, was projected to expand from $25,080.3 million in 2021 to $40,154.4 million by 2033, advancing at a compound annual growth rate (CAGR) of 4%.
  • North America Railroad Equipment Manufacturing: The North American railroad equipment manufacturing market accounted for approximately 32% of the global market in 2024. With the global market valued at USD 109.13 billion in 2024, the North American market size was estimated at around USD 34.92 billion in 2024.
  • Europe Railway Equipment Manufacturing: The Railway Equipment Manufacturing industry in Europe, which covers the production of railway locomotives and rolling stock (including freight wagons), had a market size of €42.2 billion (approximately USD 45.45 billion) in 2026.
  • Latin America Rolling Stock (Wagons): The Latin America rolling stock market generated a revenue of USD 5,049.5 million in 2024, with wagons identified as the largest revenue-generating product segment. The overall market is projected to reach US$ 9,097.5 million by 2033, growing at a CAGR of 7% from 2025 to 2033.

Leasing & Services Segment (Railcar Leasing)

  • Global Railcar Leasing Market: The global railcar leasing market size was valued at USD 11.43 billion in 2025 and is projected to grow to USD 18.20 billion by 2034, exhibiting a CAGR of 5.3% during the forecast period.
  • North America Railcar Leasing Market: This market is estimated to reach US$7.9 billion by 2031, growing at a CAGR of 5.2% during the forecast period 2025-2031. North America dominated the global railcar leasing market with a market share of 72.44% in 2025. The U.S. market alone was valued at USD 7.29 billion in 2025.
  • Europe Railcar Leasing Market: The Europe railcar leasing market size is valued to increase by USD 3.13 billion, at a CAGR of 7.2% from 2024 to 2029.
  • South America Railcar Leasing Market: Latin America has a smaller but steadily growing share in the railcar leasing market. Specific monetary values for the railcar leasing market in South America were not explicitly available.

Wheels, Repair & Parts Segment (Railcar Repair, Refurbishment, and Maintenance)

  • Global Freight Railcar Repair Market: The global freight railcar repair market was valued at USD 22.4 billion in 2024 and is projected to grow at a CAGR of 14.7% between 2025 and 2034, expecting to reach around USD 82.2 billion by 2034.
  • North America Freight Railcar Repair Market: North America remains the largest regional market for railcar repair in 2024, primarily due to an expansive and aging fleet requiring frequent inspections and maintenance.
  • Europe Freight Railcar Repair Market: The freight railcar repair market in Europe is growing steadily, driven by investments in modernizing railcar fleets and a focus on sustainability and efficiency.
  • Latin America Railway Maintenance Service Market: The broader Latin America Railway Maintenance Service (RAMS) sector, which includes rolling stock maintenance, is projected to reach approximately USD 4.2 billion by 2028, expanding at a CAGR of around 6.8% from 2023 to 2028. Latin America experiences moderate growth in the freight railcar repair market.

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Expected Drivers of Future Revenue Growth for Greenbrier Companies (GBX)

Over the next 2-3 years, Greenbrier Companies (GBX) is expected to drive revenue growth through several key initiatives and market dynamics:

  1. Robust Railcar Backlog and New Order Activity: Greenbrier's substantial backlog of new railcar orders provides a solid foundation for future manufacturing revenue. As of Q1 2026, the company reported a backlog of approximately 16,300 units valued at $2.2 billion. New global railcar orders, including specialty railcars that command higher average selling prices, consistently contribute to this backlog and future revenue stream. Furthermore, strong demand is anticipated in the second half of fiscal 2026.
  2. Expansion of Leasing and Services Segment with Recurring Revenue Growth: The company is strategically focused on expanding its Leasing & Services segment. Greenbrier aims to double its recurring revenue by fiscal year 2028, a segment that has already shown significant growth, with recurring revenue reaching nearly $165 million over the four quarters ending Q3 2025, representing nearly 50% growth over two years. High lease fleet utilization, consistently around 98%, further supports this growth. The company plans to invest approximately $300 million annually in its lease fleet to meet ongoing demand.
  3. Enhanced Operational Efficiencies and Favorable Product Mix: While primarily impacting profitability, Greenbrier's focus on operational efficiency and a favorable product mix is expected to indirectly boost revenue. Initiatives like the rationalization of European facilities are projected to generate annual savings of at least $10 million, allowing for competitive pricing and reinvestment. The company has consistently achieved strong aggregate gross margins, partly driven by a favorable railcar delivery mix and a focus on specialty railcar orders which elevate average selling prices, thereby contributing to higher revenue per unit.
  4. Strategic International Market Expansion and Manufacturing Optimization: Greenbrier's presence and strategic adjustments in international markets, including North America, Europe, and Brazil, are crucial for its long-term revenue growth. The company's fiscal 2026 guidance includes approximately 1,500 unit deliveries from its Greenbrier-Maxion Brazil operations. By optimizing its manufacturing footprint and leveraging its global operations, Greenbrier aims to enhance market competitiveness and increase overall production capacity to meet diverse market demands.
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Share Repurchases

  • The Greenbrier Companies repurchased 303,000 shares for $13 million in the first fiscal quarter ended November 30, 2025.
  • As of November 30, 2025, $65 million remained under the current share repurchase program.

Inbound Investments

  • In February 2026, GBX Leasing 2022-1 LLC, a wholly-owned subsidiary, issued $300 million of Series 2026-1 Class A and Class B Notes in a railcar asset-backed securities offering to secure long-term financing for its leasing business.
  • The company has issued $242.4 million in new debt over the past three years.
  • In a prior private placement, GBX Leasing 2022-1 LLC issued two tranches of secured railcar equipment notes totaling $300 million (Class A Notes: $280,425,000 at 5.13%; Class B Notes: $19,575,000 at 5.30%).

Capital Expenditures

  • Capital expenditures in the last 12 months amounted to approximately $278.8 million.
  • For fiscal year 2026, the company plans total capital expenditures of $205 million.
  • Expected capital expenditures for FY26 include $240 million for investments in leasing and fleet management operations to expand the lease fleet, and $80 million for manufacturing expenses, primarily for maintenance with some growth allocation.

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

GBXTRNGATXRAILWABMedian
NameGreenbri.Trinity .GATX FreightC.Westingh. 
Mkt Price52.6434.65196.089.41268.2952.64
Mkt Cap1.62.87.00.345.72.8
Rev LTM2,8962,1571,74050111,1672,157
Op Inc LTM214358534341,793358
FCF LTM230-435648311,499230
FCF 3Y Avg13-291590211,38021
CFO LTM472360648351,759472
CFO 3Y Avg333410590281,598410

Growth & Margins

GBXTRNGATXRAILWABMedian
NameGreenbri.Trinity .GATX FreightC.Westingh. 
Rev Chg LTM-17.5%-30.0%9.8%-10.4%7.5%-10.4%
Rev Chg 3Y Avg-6.9%8.0%11.0%14.7%10.2%10.2%
Rev Chg Q-22.9%-2.9%8.6%-8.8%14.8%-2.9%
QoQ Delta Rev Chg LTM-5.7%-0.8%2.1%-2.4%3.5%-0.8%
Op Mgn LTM7.4%16.6%30.7%6.8%16.1%16.1%
Op Mgn 3Y Avg8.3%13.9%29.4%5.6%14.9%13.9%
QoQ Delta Op Mgn LTM-1.6%-0.2%0.1%-0.6%-0.4%-0.4%
CFO/Rev LTM16.3%16.7%37.2%6.9%15.8%16.3%
CFO/Rev 3Y Avg10.3%15.1%37.4%5.4%15.3%15.1%
FCF/Rev LTM8.0%-20.2%37.2%6.3%13.4%8.0%
FCF/Rev 3Y Avg0.9%-11.6%37.4%3.7%13.2%3.7%

Valuation

GBXTRNGATXRAILWABMedian
NameGreenbri.Trinity .GATX FreightC.Westingh. 
Mkt Cap1.62.87.00.345.72.8
P/S0.61.34.00.64.11.3
P/EBIT6.24.310.444.925.210.4
P/E11.010.920.97.939.111.0
P/CFO3.47.710.78.626.08.6
Total Yield11.6%12.7%4.8%12.7%2.9%11.6%
Dividend Yield2.5%3.6%0.0%0.0%0.4%0.4%
FCF Yield 3Y Avg0.8%-13.5%11.2%4.3%4.5%4.3%
D/E1.12.01.80.50.11.1
Net D/E0.81.91.70.30.10.8

Returns

GBXTRNGATXRAILWABMedian
NameGreenbri.Trinity .GATX FreightC.Westingh. 
1M Rtn1.7%17.4%16.4%13.6%13.3%13.6%
3M Rtn9.4%25.4%11.9%-18.0%18.1%11.9%
6M Rtn17.5%26.0%13.5%-3.3%37.2%17.5%
12M Rtn32.5%41.8%34.0%83.8%55.6%41.8%
3Y Rtn94.0%63.6%83.4%209.5%173.4%94.0%
1M Excs Rtn-3.3%12.4%11.3%8.6%8.3%8.6%
3M Excs Rtn8.5%25.1%11.9%-18.5%18.7%11.9%
6M Excs Rtn15.3%24.1%10.4%-6.2%34.5%15.3%
12M Excs Rtn1.2%9.3%3.4%67.5%27.6%9.3%
3Y Excs Rtn19.1%-1.9%20.3%140.8%113.2%20.3%

Comparison Analyses

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Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Manufacturing2,1721,8471,8541,4941,302
Leasing & Fleet Management1,6341,4581,152949739
Unallocated, including cash448379561687861
Maintenance Services 294285261272
Total4,2543,9783,8523,3913,174


Price Behavior

Price Behavior
Market Price$52.64 
Market Cap ($ Bil)1.6 
First Trading Date07/14/1994 
Distance from 52W High-10.6% 
   50 Days200 Days
DMA Price$53.85$48.08
DMA Trendupup
Distance from DMA-2.2%9.5%
 3M1YR
Volatility33.7%37.5%
Downside Capture0.110.37
Upside Capture101.8488.44
Correlation (SPY)21.1%29.7%
GBX Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta0.910.600.450.591.001.12
Up Beta0.930.340.190.811.010.95
Down Beta0.280.420.970.911.071.06
Up Capture104%108%61%56%79%205%
Bmk +ve Days7162765139424
Stock +ve Days9253871129373
Down Capture118%42%-11%24%99%106%
Bmk -ve Days12233358110323
Stock -ve Days13172555122370

[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 GBX
GBX33.6%37.4%0.84-
Sector ETF (XLI)42.1%15.4%2.0835.9%
Equity (SPY)24.2%12.9%1.4931.7%
Gold (GLD)53.4%27.6%1.550.1%
Commodities (DBC)26.8%16.2%1.478.5%
Real Estate (VNQ)18.7%13.8%1.0033.1%
Bitcoin (BTCUSD)-6.8%42.9%-0.0514.5%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GBX
GBX5.9%43.1%0.26-
Sector ETF (XLI)13.5%17.3%0.6148.9%
Equity (SPY)11.1%17.0%0.5041.9%
Gold (GLD)22.5%17.8%1.035.3%
Commodities (DBC)11.7%18.8%0.5122.1%
Real Estate (VNQ)3.9%18.8%0.1137.0%
Bitcoin (BTCUSD)5.8%56.5%0.3217.5%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GBX
GBX9.6%45.0%0.37-
Sector ETF (XLI)14.2%19.9%0.6355.6%
Equity (SPY)14.0%17.9%0.6748.4%
Gold (GLD)14.3%15.9%0.750.1%
Commodities (DBC)8.8%17.6%0.4227.4%
Real Estate (VNQ)5.4%20.7%0.2341.5%
Bitcoin (BTCUSD)67.7%66.9%1.0711.3%

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Short Interest

Short Interest: As Of Date3312026
Short Interest: Shares Quantity2.2 Mil
Short Interest: % Change Since 3152026-10.2%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest7.2 days
Basic Shares Quantity30.9 Mil
Short % of Basic Shares7.1%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/7/20262.9%10.5% 
1/8/2026-10.3%-7.8%2.2%
10/28/2025-7.2%-7.8%-0.6%
7/1/202521.1%18.0%-5.8%
4/7/2025-11.4%-8.7%-3.4%
1/8/20253.8%10.1%7.1%
10/23/202416.7%17.9%28.8%
7/8/2024-9.1%-6.4%-7.0%
...
SUMMARY STATS   
# Positive141414
# Negative111110
Median Positive7.5%11.3%8.2%
Median Negative-9.1%-8.7%-6.4%
Max Positive31.8%31.2%38.9%
Max Negative-17.9%-20.0%-13.0%

SEC Filings

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Report DateFiling DateFiling
02/28/202604/07/202610-Q
11/30/202501/08/202610-Q
08/31/202510/28/202510-K
05/31/202507/02/202510-Q
02/28/202504/08/202510-Q
11/30/202401/10/202510-Q
08/31/202410/24/202410-K
05/31/202407/08/202410-Q
02/29/202404/05/202410-Q
11/30/202301/05/202410-Q
08/31/202310/25/202310-K
05/31/202306/29/202310-Q
02/28/202304/10/202310-Q
11/30/202201/06/202310-Q
08/31/202210/31/202210-K
05/31/202207/11/202210-Q

Recent Forward Guidance [BETA]

Latest: Q2 2026 Earnings Reported 4/7/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Deliveries15,35015,85016,350-16.6% LoweredGuidance: 19,000 for 2026
2026 Revenue2.40 Bil2.45 Bil2.50 Bil-17.0% LoweredGuidance: 2.95 Bil for 2026
2026 Aggregate Gross Margin %14.8%15.0%15.2%-7.7%-1.2%LoweredGuidance: 16.25% for 2026
2026 Operating Margin %7.0%7.4%7.8%-20.0%-1.8%LoweredGuidance: 9.25% for 2026
2026 EPS33.253.5-23.5% LoweredGuidance: 4.25 for 2026
2026 Gross Capital Expenditures 380.00 Mil 33.3% RaisedGuidance: 285.00 Mil for 2026
2026 Net Capital Expenditures 205.00 Mil    

Prior: Q1 2026 Earnings Reported 1/8/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Deliveries17,50019,00020,5000 AffirmedGuidance: 19,000 for 2026
2026 Revenue2.70 Bil2.95 Bil3.20 Bil0 AffirmedGuidance: 2.95 Bil for 2026
2026 Aggregate Gross Margin %16.0%16.25%16.5%00AffirmedGuidance: 16.25% for 2026
2026 Operating Margin %9.0%9.25%9.5%00AffirmedGuidance: 9.25% for 2026
2026 EPS3.754.254.750 AffirmedGuidance: 4.25 for 2026
2026 Gross Capital Expenditures 285.00 Mil -10.9% LoweredGuidance: 320.00 Mil for 2026

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Huffines, James R DirectBuy811202544.842,500112,108623,725Form
2Felton, Wanda F DirectSell711202554.313,652198,341162,931Form
3Fargo, Thomas B DirectSell710202554.973,727204,855117,680Form
4Krueger, William JSVP, COO, The AmericasDirectSell702202548.004,000192,0001,570,272Form
5Krueger, William JSVP, COO, The AmericasDirectSell514202548.002,00096,0001,762,272Form