Filing Flows › Gatx (GATX) › Q1 2026
Gatx (GATX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Gatx (GATX) reported revenue of $584M for the first quarter 2026 (Q1 2026), +38% from a year earlier and +30% from the quarter before. Operating margin was 29.7%, net earnings $85.5M (14.6% of revenue).
Gatx, Q1 2026: revenue $584M (+38% year over year), operating margin 29.7%, net earnings $85.5M, operating cash flow $199M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $584M | +30% | +38% |
| Operating profit | $173M | +28% | +29% |
| Net earnings | $85.5M | -12% | +9% |
| Operating cash flow | $199M | +38% | +60% |
What changed
Revenue was $583.7M in Q1 2026, up 38% year over year and up 30% from the previous quarter. Rail North America was the largest line at 75% of revenue. Rail North America added $143.4M year over year (up 49%), 88% of the total change.
Operating profit was $173.3M, a 29.7% margin (down 2.2 points year over year). Of the extra revenue versus Q1 2025, 24% reached operating profit, below the 32% margin then. Total costs grew 43% against revenue growth of 38%. The fastest-growing cost line was Other operating costs (+47%). Net earnings were $85.5M, up 9% year over year ($79.1M including minority interests, which bore $6.4M of losses). The effective tax rate was 21.1%.
Operating cash flow was $199.1M (up 60% year over year), 252% of net income including minority interests. Non-cash charges added back $174.7M of depreciation and $5.8M of share-based compensation. Working capital and other items used $60.5M.
Questions
What was Gatx's revenue in the first quarter 2026?
Gatx (GATX) reported revenue of $584M for the first quarter 2026 (Q1 2026), +38% from a year earlier and +30% from the quarter before.
Was Gatx profitable in the first quarter 2026?
Operating profit was $173M (29.7% of revenue) and net earnings $85.5M.
Source: Gatx 10-Q on SEC EDGAR.