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Gatx cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$244M in Q3 2026 · $864M over twelve months

Operating cash flow$244M
Free cash flow+$244M
Cash / net income2.3×

Analysis

In Q3 2026, Gatx generated $244M of operating cash flow. That is $25.9M more than in Q3 2025 ($218M).

Over the twelve months to Sep 30, 2026, operating cash flow was $864M; the largest uses were other investing ($4.7B), buybacks ($174M); besides operations, cash came from net borrowing (+) / repaid (−) ($3.1B), other financing ($580M); the cash balance fell by $306M.

Operating cash flow was $244M against net income of $105M — 2.3× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$172M, gains on disposals −$52.3M, other non-cash +$30.0M.

Free cash flow

Gatx: free cash flow by quarterGatx: free cash flow by quarter$206MQ4 2024$124MQ1 2025$161MQ2 2025$218MQ3 2025$144MQ4 2025$199MQ1 2026$276MQ2 2026$244MQ3 2026
Operating cash flow less capital spending.
Gatx: operating cash flow against capital spendingGatx: operating cash flow against capital spendingOperating cash flowCapital spending$206M$0Q4 2024$124M$0Q1 2025$161M$0Q2 2025$218M$0Q3 2025$144M$0Q4 2025$199M$0Q1 2026$276M$0Q2 2026$244M$0Q3 2026
Latest (Q3 2026): Operating cash flow $244M, Capital spending $0.

Capital allocation, year by year

Gatx: where the cash came from (up) and went (down), by fiscal yearGatx: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $507MFY2021: Net borrowing $527MFY2021: Shares issued $21.9MFY2021: Capital spending −$1.1BFY2021: Acquisitions −$1.4MFY2021: Buybacks −$13.1MFY2021: Dividends −$74.3M$1.1BFY2021FY2022: Operating cash flow $534MFY2022: Net borrowing $597MFY2022: Shares issued $30.9MFY2022: Capital spending −$1.3BFY2022: Buybacks −$47.2MFY2022: Dividends −$76.6M$1.2BFY2022FY2023: Operating cash flow $520MFY2023: Net borrowing $913MFY2023: Shares issued $22.3MFY2023: Capital spending −$1.7BFY2023: Buybacks −$2.6MFY2023: Dividends −$80.6M$1.5BFY2023FY2024: Operating cash flow $602MFY2024: Net borrowing $852MFY2024: Shares issued $32.1MFY2024: Buybacks −$21.9MFY2024: Dividends −$84.8M$1.5BFY2024FY2025: Operating cash flow $648MFY2025: Net borrowing $4.2BFY2025: Shares issued $31.1MFY2025: Buybacks −$65.0MFY2025: Dividends −$89.8M$4.9BFY2025
Over these 5 years operating cash flow totalled $2.8B; the largest uses were capital spending ($4.1B) and dividends ($406M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$390M
Debt$12.5B
Net debt$12.1B
Due within a year$653M

Gatx funds itself: free cash flow was $864M over the last twelve months, and $390M of cash and investments stands against $12.5B of debt ($653M due within a year, 0.6× covered by cash).

Gatx: debt maturities by year (FY2025)Gatx: debt maturities by year (FY2025)$653MYear 1$854MYear 2$825MYear 3$907MYear 4$3.7BYear 5$5.6BAfter year 5
Principal due in each year as disclosed in the annual report, against $390M of cash and investments now.

Where the cash came from and went

Gatx: sources (+) and uses (−) of cash, Q3 2026Gatx: sources (+) and uses (−) of cash, Q3 2026Net borrowing (+) / repaid (−)−$385MCash drawn (+) / kept (−)$357MOperating cash flow$244MOther financing−$132MBuybacks−$79.5MOther investing−$3.2MExchange rates−$1.4M
Gatx: sources (+) and uses (−) of cash, TTM to Q3 2026Gatx: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing−$4.7BNet borrowing (+) / repaid (−)$3.1BOperating cash flow$864MOther financing$580MCash drawn (+) / kept (−)$306MBuybacks−$174MNot reconciled−$5.0M

From profit to cash

Gatx: net income to operating cash flow, Q3 2026Gatx: net income to operating cash flow, Q3 2026Net income$107MDepreciation & amortization$172MStock-based pay$5.3MDeferred taxes$19.9MImpairments$700KGains on disposals−$52.3MOther non-cash$30.0MOperating cash flow$244M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$244M−$79.5M—−$385M$357M$244M
Q2 2026$276M−$47.6M−$23.8M−$132M−$6.2M$276M
Q1 2026$199M−$3.8M−$25.2M−$49.8M$4.2B$199M
Q4 2025$144M−$46.4M−$22.0M$3.7B−$4.3B$144M
Q3 2025$218M−$1.5M−$22.1M$28.6M$58.8M$218M
Q2 2025$161M−$15.2M−$22.2M−$4.4M$2.4M$161M
Q1 2025$124M−$1.9M−$23.5M$477M−$356M$124M
Q4 2024$206M−$100K−$20.9M−$1.4M$102M$206M

Gatx: income statement and cash flow

Gatx, Q3 2026: revenue $598M (+36% year over year), operating margin 32.2%. The chart follows the revenue to costs, profit and cash.

Gatx: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.