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Integrated freight & logistics · Industrials · Fiscal year ends Dec 31
GATX reported revenue of $1.7B in the fiscal year ended Dec 2025, up 9.8% from the year before. Net income was $333M. Net debt was $11.8B.
Ranks among the 10 integrated freight & logistics companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 1,257 | 1,273 | 1,411 | 1,586 | 1,740 |
| Selling, general & admin | 198 | 195 | 213 | 236 | 253 |
| Net interest incomeBanks | −204 | −214 | −263 | – | – |
| Interest expense | 204 | 214 | 263 | 341 | 392 |
| Pre-tax income | 195 | 177 | 246 | 261 | 279 |
| Income tax | 53.2 | 54.8 | 58.7 | 60.0 | 63.1 |
| Net income | 143 | 156 | 259 | 284 | 333 |
| Diluted EPS | 3.98 | 4.35 | 7.12 | 7.78 | 9.12 |
| Diluted shares | 36.0 | 35.9 | 35.7 | 35.9 | 35.9 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 344 | 304 | 451 | 402 | 743 |
| Receivables | – | – | 218 | 199 | 207 |
| Net PP&E | 7,785 | 8,250 | 9,411 | 10,450 | 11,411 |
| Goodwill | 123 | 117 | 120 | 114 | 126 |
| Total assets | 9,542 | 10,072 | 11,326 | 12,297 | 18,000 |
| Long-term debt | 5,930 | 6,492 | 7,451 | 8,271 | 12,506 |
| Total liabilities | 7,523 | 8,042 | 9,053 | 9,858 | 14,364 |
| Shareholders' equity | 2,019 | 2,030 | 2,273 | 2,439 | 2,751 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 507 | 534 | 520 | 602 | 648 |
| Capital expenditure | 1,130 | 1,256 | 1,665 | – | – |
| Free cash flow | −623 | −722 | −1,145 | – | – |
| Depreciation & amortisation | 378 | 371 | 392 | 421 | 452 |
| Stock-based compensation | 17.4 | 12.7 | 18.3 | 23.0 | 25.0 |
| Acquisitions | 1.4 | 0.0 | 0.0 | – | – |
| Share buybacks | 13.1 | 47.2 | 2.6 | 21.9 | 65.0 |
| Dividends paid | 74.3 | 76.6 | 80.6 | 84.8 | 89.8 |
| Dividend per share | – | – | 2.20 | 2.32 | 2.44 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 1.2% | 10.8% | 12.4% | 9.8% |
| EPS growth (YoY) | – | 9.3% | 63.7% | 9.3% | 17.2% |
| Net margin | 11.4% | 12.2% | 18.4% | 17.9% | 19.2% |
| Return on equityBlank when equity is negative | 7.1% | 7.7% | 11.4% | 11.7% | 12.1% |
| Free cash flow margin | −49.5% | −56.7% | −81.1% | – | – |
| Cash conversion (CFO ÷ net income) | 3.54x | 3.42x | 2.01x | 2.12x | 1.94x |
| Receivable days | – | – | 57 | 46 | 43 |
| Debt ÷ equity | 2.94x | 3.20x | 3.28x | 3.39x | 4.55x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 5,586 | 6,189 | 7,000 | 7,869 | 11,763 |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.