GATX on NYSE

GATX CORP

GATX CORP is an American transportation services company, incorporated in New York.1 It is headquartered in Chicago, Illinois.1

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Last updated Oct 21, 2026.

Overview

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  • TickerGATX on NYSE1
  • IndustryTransportation Services1
  • HeadquartersChicago, Illinois1
  • Incorporated inNY2
  • Business address233 South Wacker Drive, Chicago, Il 60606-71472
  • Filer categoryLarge accelerated filer2

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.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

19.2%Net margin5
9.8%Revenue growth, 20255
12.1%Return on equity5
4.55×Debt to equity5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin15¢$252.6M
  • Other costs40¢$699.9M
  • Interest22¢$391.5M
  • Income tax4¢$63.1M
  • Profit19¢$333.3M

Out of $1.7B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid14¢$89.8M
  • Share buybacks10¢$65.0M
  • Kept or used elsewhere76¢$493.3M

Out of $648.1M of cash from operations.5

Financial statements

Revenue67895$1.7B in 2025+45% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.2B$1.2B20192020: $1.2B$1.2B2020+1%2021: $1.3B$1.3B2021+4%2022: $1.3B$1.3B2022+1%2023: $1.4B$1.4B2023+11%2024: $1.6B$1.6B2024+12%2025: $1.7B$1.7B2025+10%
Net income67895$333.3M in 2025+58% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $211.2M$211.2M20192020: $151.3M$151.3M2020−28%2021: $143.1M$143.1M2021−5%2022: $155.9M$155.9M2022+9%2023: $259.2M$259.2M2023+66%2024: $284.2M$284.2M2024+10%2025: $333.3M$333.3M2025+17%
Fiscal year2019202020212022202320242025
Revenue$1.2B6$1.2B7$1.3B8$1.3B9$1.4B5$1.6B5$1.7B5
Selling, general and admin$180.4M6$172.0M7$198.3M8$195.0M9$212.7M5$236.3M5$252.6M5
Operating expenses$960.5M8$932.8M9$1.0B9$1.1B9$1.2B5
Interest$180.5M6$190.3M7$204.0M8$214.0M9$263.4M5$341.0M5$391.5M5
Income before tax$195.1M8$177.1M9$245.5M5$261.4M5$279.1M5
Income tax$40.9M6$37.3M7$53.2M8$54.8M9$58.7M5$60.0M5$63.1M5
Net income$211.2M6$151.3M7$143.1M8$155.9M9$259.2M5$284.2M5$333.3M5
Earnings per share$5.926$4.337$4.048$4.419$7.135$7.805$9.145
Earnings per share (diluted)$5.816$4.277$3.988$4.359$7.125$7.785$9.125
Shares (weighted, basic)35.4M shares835.4M shares935.7M shares535.8M shares535.8M shares5
Shares (weighted, diluted)36.0M shares835.9M shares935.7M shares535.9M shares535.9M shares5

Compare GATX CORP with another company

Corporate structure

GATX CORP sits at the top of its group. 21 entities, 9 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of GATX CORP

  • GATX CORP Chicago, Illinois
    • GABX Leasing LLC (1) Subsidiary · Delaware, United States
    • GATX Asia Investments Private Limited Subsidiary · Singapore
    • GATX Beteiligungs GmbH Subsidiary · Germany
    • GATX de Mexico, Inc Subsidiary · Delaware, United States
    • GATX Engine Leasing Ltd. Subsidiary · United Kingdom
    • GATX Engine Leasing U.S. Corporation Subsidiary · Delaware, United States
    • GATX Global Finance B.V. Subsidiary · Netherlands
    • GATX Global Holding GmbH Subsidiary · Switzerland
    • GATX International Limited (1) Subsidiary · United Kingdom
    • GATX Rail Austria GmbH Subsidiary · Austria
    • GATX Rail Canada Corporation Subsidiary · Canada
    • GATX Rail Europe BV Subsidiary · Netherlands
    • GATX Rail Germany GmbH Subsidiary · Germany
    • GATX Rail Locomotive Group, LLC Subsidiary · Delaware, United States
    • GATX Rail Poland Sp. z o.o. Subsidiary · Poland
    • GATX Terminals Overseas Holding Corporation Subsidiary · Delaware, United States
    • GATX Third Aircraft LLC Subsidiary · Delaware, United States
    • General American Transportation Holding Corp Subsidiary · Delaware, United States
    • Grupo GATX de Mexico, Inc Subsidiary · Delaware, United States
    • Trifleet Leasing Holding B.V. Subsidiary · Netherlands

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What GATX CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$15.7B5 Dec 31, 2025$14.3B5 Dec 31, 2024+9.3%
Accumulated depreciation$4.3B5 Dec 31, 2025$3.9B5 Dec 31, 2024+9.6%
Property and equipment, net$11.4B5 Dec 31, 2025$10.4B5 Dec 31, 2024+9.2%
Operating-lease assets (leased space)$137.4M5 Dec 31, 2025$165.4M5 Dec 31, 2024−16.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$743.0M5 Dec 31, 2025$401.6M5 Dec 31, 2024+85.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$126.3M5 Dec 31, 2025$114.1M5 Dec 31, 2024+10.7%

Properties, in its own words

Information regarding the general character of our properties is included in "Business" in Item 1 of this Form 10-K.

As of December 31, 2025, the locations of our operations were as follows:

The rest of Item 2

GATX Headquarters

Rail North America

Business Offices · Major Maintenance Facilities · Customer Site Locations

Chicago, Illinois · Colton, California · Clarkson, Ontario

Calgary, Alberta · Hearne, Texas · Aurora, North Carolina

Mexico City, Mexico · Waycross, Georgia · Point Comfort, Texas

Montreal, Quebec

Moose Jaw, Saskatchewan

Red Deer, Alberta

Maintenance Facilities

Terre Haute, Indiana

Mobile Units

Edmonton, Alberta

La Porte, Texas

St James, Louisiana

Rail International

Business Offices · Major Maintenance Facilities

Dordrecht, Netherlands · Ostróda, Poland

Baar, Switzerland

Düsseldorf, Germany

Hamburg, Germany

Gurgaon, India

Paris, France

Vienna, Austria

Warsaw, Poland

Engine Leasing

Other

Dordrecht, Netherlands

Houston, Texas

Singapore

Shanghai, China

Item 2 of the 10-K filed Feb 19, 2026.4

Leadership

Who has led GATX CORP, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (56)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • GABX Leasing LLC (1) Delaware3
  • GATX Asia Investments Private Limited Singapore3
  • GATX Beteiligungs GmbH Germany3
  • GATX Engine Leasing Ltd. United Kingdom3
  • GATX Engine Leasing U.S. Corporation Delaware3
  • GATX Global Finance B.V. Netherlands3
  • GATX Global Holding GmbH Switzerland3
  • GATX International Limited (1) United Kingdom3
  • GATX Rail Austria GmbH Austria3
  • GATX Rail Canada Corporation Canada3
  • GATX Rail Europe BV Netherlands3
  • GATX Rail Germany GmbH Germany3
  • GATX Rail Locomotive Group, LLC Delaware3
  • GATX Rail Poland Sp. z o.o. Poland3
  • GATX Terminals Overseas Holding Corporation Delaware3
  • GATX Third Aircraft LLC Delaware3
  • GATX de Mexico, Inc Delaware3
  • General American Transportation Holding Corp Delaware3
  • Grupo GATX de Mexico, Inc Delaware3
  • Trifleet Leasing Holding B.V. Netherlands3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 30, 20268-K Results of operations; Regulation FD disclosure82
  2. Jul 1, 20268-K Other events83
  3. May 21, 20268-K Entered a material agreement; New debt or obligation84
  4. May 7, 20268-K Results of operations; Regulation FD disclosure85
  5. Apr 28, 20268-K Executive or director change; Shareholder vote86
  6. Mar 16, 20268-K Entered a material agreement; New debt or obligation87
  7. Mar 3, 20268-K Completed an acquisition or sale88
  8. Feb 19, 20268-K Results of operations; Regulation FD disclosure89
  9. Jan 5, 20268-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation90
  10. Oct 24, 20258-K Entered a material agreement; New debt or obligation91
  11. Oct 21, 20258-K Results of operations; Regulation FD disclosure92
  12. Oct 15, 20258-K Other events93
  13. Jan 27, 2023New chief executive Robert C. Lyons becomes CEO16
  14. Apr 29, 2005New chief executive Brian A. Kenney becomes CEO17
  15. Feb 13, 2004New chief executive Thomas K. McGreal becomes CEO20
  16. Feb 13, 2004New chief executive David M. Edwards becomes CEO19
  17. Feb 13, 2004New chief executive Alan C. Coe becomes CEO18
  18. Dec 31, 2003New chief executive Ronald H. Zech becomes CEO21

Calendar

Coming up

  1. Oct 29, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $2.10 a share, on Oct 21, 2025.94

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results82
  2. May 7, 2026Reported quarterly or annual results85
  3. Feb 19, 2026Reported quarterly or annual results89
  4. Oct 21, 2025Reported quarterly or annual results92
  5. Jul 29, 2025Reported quarterly or annual results95
  6. Apr 23, 2025Reported quarterly or annual results96
  7. Jan 23, 2025Reported quarterly or annual results97
  8. Oct 22, 2024Reported quarterly or annual results98

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

621 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 59 major events, 415 insider forms, 30 large holders, 96 other. The latest 20:

  1. Sep 11, 20264 PRIMARY DOCUMENT EDGAR
  2. Sep 11, 2026144 EDGAR
  3. Sep 4, 20264 PRIMARY DOCUMENT EDGAR
  4. Aug 27, 20264 PRIMARY DOCUMENT EDGAR
  5. Aug 26, 2026144 EDGAR
  6. Aug 18, 20264 PRIMARY DOCUMENT EDGAR
  7. Aug 18, 20264 PRIMARY DOCUMENT EDGAR
  8. Aug 18, 20264 PRIMARY DOCUMENT EDGAR
  9. Aug 14, 2026144 EDGAR
  10. Aug 13, 20263 PRIMARY DOCUMENT EDGAR
  11. Aug 7, 20264 PRIMARY DOCUMENT EDGAR
  12. Aug 5, 2026144 EDGAR
  13. Aug 5, 20264 PRIMARY DOCUMENT EDGAR
  14. Aug 5, 20264 PRIMARY DOCUMENT EDGAR
  15. Aug 5, 20264 PRIMARY DOCUMENT EDGAR
  16. Aug 5, 20264 PRIMARY DOCUMENT EDGAR
  17. Aug 5, 20264 PRIMARY DOCUMENT EDGAR
  18. Aug 5, 20264 PRIMARY DOCUMENT EDGAR
  19. Aug 5, 20264 PRIMARY DOCUMENT EDGAR
  20. Aug 5, 20264 PRIMARY DOCUMENT EDGAR

The 621 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

64 open-market trades by officers, directors and large owners since October 2021: 5 buys and 59 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 11, 2026Phillips GeoffreySr. VP, OperationsSale2,500$177.60$444.0KForm 4
Aug 26, 2026Doygun ErenSVP Chief Plan. & Invest. Off.Sale1,000$179.52$179.5KForm 4
Aug 14, 2026Sbragia JohnSVP, Engineering and QualitySale1,900$180.40$342.8KForm 4
Aug 5, 2026Ellman Thomas A.EVP & CFOSale18,200$180.08$3.3MForm 4
Aug 3, 2026Van Aken JenniferSr VP Treasurer & CROSale1,700$180.71$307.2KForm 4
Feb 20, 2026Glassberg Brian LEVP, General Counsel & Secy.Sale2,000$198.29$396.6KForm 4
Feb 20, 2026Zmudka RobertSr. VP & Chief Comm. Off.Sale5,200$192.61$1.0MForm 4
Feb 20, 2026Young Jeffery R.SVP, Chief Tax OfficerSale2,595$196.29$509.4KForm 4
Dec 10, 2025Van Aken JenniferSr VP Treasurer & CROSale1,800$164.15$295.5KForm 4
Sep 3, 2025LYONS ROBERT CPresident and CEOSale12,635$166.33$2.1MForm 4
Aug 28, 2025Phillips GeoffreySr. VP, OperationsSale2,100$168.74$354.4KForm 4
Aug 22, 2025Arvia Anne LDirectorSale979$165.35$161.9KForm 4
Jul 31, 2025Hillesland KevinSVP, Structured FinanceSale2,200$152.59$335.7KForm 4
Jun 12, 2025McManus JenniferSr. VP & ControllerSale1,800$154.92$278.9KForm 4
Jun 10, 2025Ellman Thomas A.EVP & CFOSale18,500$157.45$2.9MForm 4
Jun 3, 2025Titterton Paul FEVP & Pres. Rail NASale18,700$156.66$2.9MForm 4
Feb 6, 2025Sbragia JohnSVP, Engineering and QualitySale2,100$166.64$349.9KForm 4
Feb 6, 2025Adedoyin NiyiSVP & CIOSale5,366$166.85$895.3KForm 4
Feb 5, 2025Adedoyin NiyiSVP & CIOSale501$166.11$83.2KForm 4
Feb 5, 2025Young Jeffery R.SVP, Chief Tax OfficerSale297$164.63$48.9KForm 4

All 64 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How GATX CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGATX CORP1
  • CIK0000040211
  • Employer ID (EIN)36-11240404
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inNew York4
  • Fiscal year endsDecember 311
  • Industry code (SIC)4700 Transportation Services1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address233 South Wacker Drive, Chicago, IL 60606-71471
  • Phone31262162001
  • Shares outstanding35,300,000 as of Jun 30, 202611
  • Public float$5.4B as of Jun 30, 20254
  • AuditorErnst & Young LLP, Chicago, Illinois PCAOB ID 42; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceFeb 14, 19941
  • Filings2,891 in all: 4 (1,531), 8-K (334), 5 (254), SC 13G/A (105), 10-Q (98), 11-K (63), 424B3 (62), 3 (46)1
    All 44 form types

    FWP (37), 424B5 (35), 4/A (34), 144 (33), DEF 14A (33), 10-K (32), SC 13G (32), UPLOAD (26), CORRESP (20), ARS (13), S-8 (12), SC 13D/A (12), 5/A (10), 10-K/A (9), 11-K/A (8), 8-K/A (8), S-3ASR (7), SCHEDULE 13G/A (5), DEFA14A (4), 8-A12B (3), CT ORDER (3), S-3 (3), 10-Q/A (2), 25-NSE (2), S-3/A (2), SCHEDULE 13D/A (2), SCHEDULE 13G (2), 10-K405 (1), 3/A (1), CERTNYS (1), POS AM (1), PRE 14A (1), S-8 POS (1), SC 13D (1), SC TO-I (1), SC TO-I/A (1)

  • Latest filingsAnnual report (10-K) Feb 19, 2026
    Quarterly report (10-Q) Jul 31, 2026
    Proxy statement (DEF 14A) Mar 13, 2026
    Latest 8-K (8-K) Jul 30, 2026

Securities registered for trading

ClassSymbolExchange
Common StockGATXChicago Stock Exchange
Common StockGATXNew York Stock Exchange

From the cover page of the 10-K filed Feb 19, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks GATX CORP names in Item 1A of its 10-K filed Feb 19, 2026: 37 risks under these headings, as written.4

  • Business, Operational and Industry Risks
  • We depend on continued demand from our customers to lease or use our transportation assets and services at satisfactory rates. A significant decline in customer demand could negatively impact our business and financial performance.
  • A significant change in pricing and/or service offerings by North American railroads, or poor operating conditions, could reduce demand for our rail assets and negatively impact our financial performance.
  • Competition could result in decreased profitability.
  • Threatened or implemented changes in tariffs and other global trade policies could adversely affect our business.
  • A significant decrease in lease renewals of our transportation assets by our customers or a significant increase in the number of compliance-based maintenance events could negatively impact operations and substantially increase our costs.
  • Events that negatively affect certain assets, customers, or geographic regions could have a negative impact on our results of operations.
  • Our long-term railcar purchase commitments could subject us to material operational and financial risks.
  • Soft market conditions and declines in asset values may reduce opportunities for us to generate remarketing income.
  • Failure to effectively integrate the Wells Fargo rail business, or to realize the other anticipated benefits of the GABX joint venture, could adversely affect our business, financial condition, and results of operations.
  • Minority ownership of the GABX joint venture and failure to acquire increased or full ownership of it may adversely affect our financial results.
  • We may not be able to successfully consummate and manage other acquisition and divestiture activities, which could have an adverse impact on our financial statements.
The other 26 risks
  • We rely on Rolls-Royce in connection with our aircraft spare engine leasing businesses, and certain factors that adversely affect Rolls-Royce could have an adverse effect on those businesses.
  • Our transportation assets may become obsolete.
  • Risks related to our international operations and expansion into new geographic markets could adversely affect our business, financial condition, and operating results.
  • Many of our employees are represented by unions, and failure to successfully negotiate collective bargaining agreements may result in strikes, work stoppages, or substantially higher labor costs.
  • We operate in a challenging market for talent, and our failure to attract, retain and motivate qualified personnel, including key management personnel, could adversely impact our ability to execute our strategy.
  • Information Technology Risks
  • If we are unable to adequately protect our information technology systems against cybersecurity threats and related disruptions, our business could be negatively impacted.
  • Artificial Intelligence could pose risks to our business.
  • Legal and Regulatory Risks
  • We have been, and may continue to be, involved in various types of litigation, including claims for personal injury, property damage, environmental damage, and other claims arising from an accident involving our railcars or other transportation assets.
  • Our transportation assets and operations are subject to various laws, rules, and regulations. If these laws, rules, and regulations change or we fail to comply with them, it could have a significant negative effect on our business and profitability.
  • We are subject to extensive environmental regulations and the costs of remediation may be material.
  • We may be affected by physical effects of or societal responses to climate change.
  • We are subject to various risks associated with sustainability matters.
  • Economic and Credit Risks
  • United States and global political conditions and increased geopolitical tension, civil unrest and armed conflict could adversely affect our business, financial condition and results of operations.
  • Prolonged inflation or deflation, as well as interest rate increases, could have an adverse impact on our business and financial results.
  • Deterioration of conditions in the global capital markets, negative changes in our credit ratings, or increased interest rates may limit our ability to obtain financing and may increase our borrowing costs.
  • Fluctuations in foreign exchange rates could negatively impact our results of operations.
  • Risks Related to our Common Stock
  • There can be no assurance that we will continue to pay dividends or repurchase shares of our common stock at current levels.
  • A small number of shareholders could significantly influence our business.
  • General Risk Factors
  • We may not be able to obtain cost-effective insurance.
  • Changes to assumptions used to calculate post-retirement costs, increases in funding requirements, and investment losses in pension funds could adversely affect our results of operations.
  • Changes in the mix of earnings in the U.S. and foreign countries and in tax rates and laws could adversely affect our financial results.
  • Our allowance for losses may be inadequate.
  • We may incur future asset impairment charges.
  • The fair market value of our long-lived assets may differ from the value of those assets reflected in our financial statements.
  • Our internal control over financial accounting and reporting may not detect all errors or omissions in the financial statements.
  • The occurrence of a widespread health crisis and measures taken in response could have an adverse impact on our operations, financial position, or liquidity.

Legal proceedings

Information concerning litigation and other contingencies is described in "Note 24. Legal Proceedings and Other Contingencies" in Part II, Item 8 of this Form 10-K and is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.4

Sources

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