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Gatx (GATX) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · Gatx (GATX) Q3 2026 earnings results →
Q3 2026 Revenue up 36% year over year to $598M · 18¢ of every $1 of revenue kept as net profit · operating margin 32.2%
Gatx made $598M in Q3 2026 (+36% Y/Y): Rail North America $448M, Rail International $108M, Engine Leasing $31.0M. Operating margin 32.2%, net earnings $105M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $598.0M in Q3 2026, up 36% year over year and up 3% from the previous quarter. Rail North America was the largest line at 75% of revenue. Rail North America added $151.5M year over year (up 51%), 95% of the total change. Engine Leasing declined 6%.
Operating profit was $192.4M, a 32.2% margin (up 3.2 points year over year). Of the extra revenue versus Q3 2025, 41% reached operating profit, above the 29% margin then. Total costs grew 30% against revenue growth of 36%. The fastest-growing cost line was Other operating costs (+39%). Net earnings were $105.2M, up 28% year over year. The effective tax rate was 19.9%.
Operating cash flow was $244.2M (up 12% year over year), 228% of net earnings. Non-cash charges added back $171.6M of depreciation and $5.3M of share-based compensation. Working capital and other items used $39.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 30, 2026 | $598M | +36% | 32.2% | $105M | $244M |
| Q2 2026 | 10-Q | Jul 31, 2026 | $580M | +35% | 27.7% | $103M | $276M |
| Q1 2026 | 10-Q | May 7, 2026 | $584M | +38% | 29.7% | $85.5M | $199M |
| Q4 2025 | 10-K | Feb 19, 2026 | $449M | +9% | 30.1% | $97.0M | $144M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $439M | +8% | 29.0% | $82.2M | $218M |
| Q2 2025 | 10-Q | Jul 29, 2025 | $430M | +11% | 31.9% | $75.5M | $161M |
| Q1 2025 | 10-Q | Apr 25, 2025 | $422M | +11% | 31.9% | $78.6M | $124M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Gatx
As used herein, "GATX," "we," "us," "our," and similar terms refer to GATX Corporation and its subsidiaries, unless indicated otherwise. We lease, operate, manage, and remarket long-lived, widely used assets, primarily in the rail market. We report our financial results through three primary business segments: Rail North America , Rail International, and Engine Leasing. Fin ancial results for our tank container leasing business ("Trifleet") are reported in the Other segment.
In its own words, from its 10-Q, filed Jul 31, 2026.
Gatx against its Transportation Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +36% against the peers' median +12%. Operating margin: 32.2% against the peers' median 12.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| GATX Gatx | Q3 2026 | $598M | +36% | 32.2% |
| BKNG Booking Holdings | Q3 2026 | $8.9B | -1% | 38.4% |
| EXPE Expedia Group | Q3 2026 | $4.9B | +12% | 26.9% |
| GXO GXO Logistics | Q3 2026 | $3.6B | +6% | 2.7% |
| XPO XPO | Q3 2026 | $2.4B | +12% | 12.1% |
| RXO RXO | Q3 2026 | $1.9B | +32% | 0.9% |
| GMRS GMR Solutions | Q2 2026 | $1.5B | +3% | 3.8% |
| GBTG Global Business Travel Group | Q2 2026 | $870M | +38% | 2.8% |
| LIND Lindblad Expeditions Holdings | Q3 2026 | $269M | +12% | 15.9% |
Source: Gatx 10-Q on SEC EDGAR · CIK 40211 · Transportation Services
Guidance and outlook
13F: who owns GATX and who is buying
More on GATX
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results