GATXGATX Corporation
Is the business good?
The checks split: earnings fully cash-backed (1.8×) and margins widening, but returns that lean on debt.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Negative operating leverage, costs are rising faster than sales, squeezing margins as it grows.
Leverage-amplified, a high assets-to-equity ratio does much of the work. ROE 12% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is GATX?
GATX Corporation earns 23% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 14 points above what the capital costs: growth creates value
- Operating margin
- 29%
Operating margin · Rental & Leasing Services median 8.0% · 12 months to Q2 2026
- Cash conversion
- 1.84×
Cash conversion · 1.63× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −0.28%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 24% |
| FY2021 | 24% |
| FY2022 | 27% |
| FY2023 | 28% |
| FY2024 | 30% |
| FY2025 | 31% |
Details›
- Operating margin12 months to Q2 2026
- 29%
- Net margin12 months to Q2 2026
- 18%
- Revenue, trailing twelve months
- $2.05B
- Net income, trailing twelve months
- $368M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 23%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from GATX and who it buys from, as the companies report it.
- Top ten customers47%
Combined share of revenue · FY2025 10-K
None disclosed.
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; GATX’s own figures are from its FY2025 10-K. Smaller customers and suppliers go unreported.
Rental & Leasing Services
Ranks #2 of 13 by RyuScore