GATX Corp

Latest Results (14.05.2026):

GATX Corp — fourth-quarter 2025: GATX reported Q4 2025 net income of $97.0 million, or $2.66 per diluted share, and full-year 2025 net income of $333.3 million, or $9.12 per diluted share. Results included net positive tax/other-item impacts of $0.22 per share in Q4 and $0.37 per share for the full year. The company closed its largest-ever railcar acquisition (Wells Fargo portfolio) on Jan. 1, 2026, initiated 2026 EPS guidance of $9.50–$10.10, raised the dividend and approved a $300 million buyback authorization.

Earnings overview

Q4 2025 GAAP diluted EPS $2.66 (vs. $2.10 Q4 2024); full-year GAAP diluted EPS $9.12 (vs. $7.78 in 2024). Excluding tax adjustments and other items, non‑GAAP diluted EPS was $2.44 for Q4 and $8.75 for the full year; management said EPS excluding these items rose ~11% year-over-year.

Guidance and strategic acquisition

GATX initiated 2026 guidance of $9.50–$10.10 per diluted share, which includes an expected $0.20–$0.30 per share contribution (modestly accretive in year one) from the Jan. 1, 2026 acquisition of ~101,000 railcars from Wells Fargo for about $4.2 billion via a joint venture with Brookfield Infrastructure Partners.

Rail North America highlights (Q4 2025)

Segment profit was $95.7 million in Q4 (full-year $351.8M). Fleet utilization was 99.0% at year‑end; Lease Price Index (LPI) renewal lease rate change 21.9%; renewal success rate 91.4%. Rail North America invested $644.1 million in 2025 and generated ~$117.0 million of remarketing income for the year; wholly owned fleet ~107,600 cars (including ~7,000 boxcars).

Rail International highlights (Q4 2025)

Segment profit was $33.6 million in Q4 (full-year $125.9M). GRE fleet ~36,500 cars with 94.7% utilization; GATX Rail India ~12,200 cars at 100% utilization. Rail International investment volume totaled $502.4 million in 2025; GRE also agreed to acquire ~6,000 freight cars from DB Cargo during the year.

Engine Leasing highlights (Q4 2025)

Engine Leasing segment profit was $55.2 million in Q4 and $181.5 million for the full year. Results included net positive tax/other impacts (Q4: $4.4M pre‑tax / $3.3M after tax; full year: $15.3M pre‑tax / $11.5M after tax). Wholly owned engine portfolio now exceeds $1.0 billion; RRPF affiliates’ asset base exceeds $5.8 billion.

Capital allocation & balance sheet

Board approved an 8.2% quarterly dividend increase to $0.66 per share (payable Mar. 31, 2026) and a new $300 million share repurchase authorization. Full-year 2025 investment volume exceeded $1.3 billion. Balance sheet at Dec. 31, 2025: total assets $17,999.5M, restricted cash $4,241.9M, recourse debt $12,451.7M, total equity $3,635.1M and recourse leverage ~3.3x.