Filing Flows › Gatx (GATX) › Q3 2025
Gatx (GATX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
Gatx (GATX) reported revenue of $439M for the third quarter 2025 (Q3 2025), +8% from a year earlier and +2% from the quarter before. Operating margin was 29.0%, net earnings $82.2M (18.7% of revenue).
Gatx, Q3 2025: revenue $439M (+8% year over year), operating margin 29.0%, net earnings $82.2M, operating cash flow $218M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $439M | +2% | +8% |
| Operating profit | $127M | -7% | +0.3% |
| Net earnings | $82.2M | +9% | -8% |
| Operating cash flow | $218M | +35% | +36% |
What changed
Revenue was $439.3M in Q3 2025, up 8% year over year and up 2% from the previous quarter. Rail North America was the largest line at 67% of revenue. Rail North America added $18.0M year over year (up 6%), 53% of the total change.
Operating profit was $127.2M, a 29.0% margin (down 2.3 points year over year). Of the extra revenue versus a year earlier, 1% reached operating profit, below the 31% margin then. Total costs grew 12% against revenue growth of 8%. The fastest-growing cost line was SG&A (+16%). Net earnings were $82.2M, down 8% year over year. The effective tax rate was 16.6%.
Operating cash flow was $218.3M (up 36% year over year), 266% of net earnings. Non-cash charges added back $114.4M of depreciation and $6.8M of share-based compensation. Working capital and other items added $14.9M.
Questions
What was Gatx's revenue in the third quarter 2025?
Gatx (GATX) reported revenue of $439M for the third quarter 2025 (Q3 2025), +8% from a year earlier and +2% from the quarter before.
Was Gatx profitable in the third quarter 2025?
Operating profit was $127M (29.0% of revenue) and net earnings $82.2M.
Source: Gatx 10-Q on SEC EDGAR.