Filing Flows › Gatx (GATX) › Q2 2026 › vs Q1 2026
Gatx (GATX) Q2 2026 vs Q1 2026 (quarter over quarter)
Gatx's revenue fell $3.6M (-0.6%) from $584M in Q1 2026 to $580M in Q2 2026. The biggest changes: Engine Leasing −$2.2M (-7%); Rail North America −$1.7M (-0.4%); Rail International +$400K (+0.4%). Operating margin 27.7% against 29.7% (-2.0 pts).
Gatx, Q2 2026: revenue $580M (+35% year over year), operating margin 27.7%, net earnings $103M, operating cash flow $276M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 27.7% | 29.7% | -2.0 pts |
| Net margin | 17.8% | 14.6% | +3.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Rail North America | $435M | $437M | −$1.7M | -0.4% |
| Rail International | $106M | $105M | $400K | +0.4% |
| Engine Leasing | $29.4M | $31.6M | −$2.2M | -7% |
| Other | $10.1M | $10.2M | −$100K | -1% |
| Revenue | $580M | $584M | −$3.6M | -0.6% |
| Operating profit | $160M | $173M | −$12.9M | -7% |
| Costs & expenses | $420M | $410M | $9.3M | +2% |
| Pre-tax earnings | $137M | $100M | $36.7M | +37% |
| Other expense, net | $23.4M | $73.0M | −$49.6M | -68% |
| SG&A | $69.2M | $71.3M | −$2.1M | -3% |
| Other operating costs | $350M | $339M | $11.4M | +3% |
| Net earnings | $103M | $85.5M | $17.9M | +21% |
| Minority interests | $7.6M | −$6.4M | $14.0M | — |
| Income tax | $26.0M | $21.2M | $4.8M | +23% |
| Depreciation & amortization | $172M | $175M | −$2.4M | -1% |
| Share-based compensation | $6.1M | $5.8M | $300K | +5% |
| Working capital & other | $5.6M | $66.9M | −$61.3M | -92% |
| Operating cash flow | $276M | $199M | $77.1M | +39% |
Questions
How much did Gatx's revenue grow quarter over quarter in Q2 2026?
Gatx's revenue fell $3.6M (-0.6%) from $584M in Q1 2026 to $580M in Q2 2026.
What drove Gatx's revenue change in Q2 2026?
Engine Leasing −$2.2M (-7%); Rail North America −$1.7M (-0.4%); Rail International +$400K (+0.4%).