Filing Flows › Gatx (GATX) › Q3 2026 › vs Q3 2025
Gatx (GATX) Q3 2026 vs Q3 2025 (year over year)
Gatx's revenue rose $159M (+36%) from $439M in Q3 2025 to $598M in Q3 2026. The biggest changes: Rail North America +$152M (+51%); Rail International +$9.1M (+9%); Engine Leasing −$1.9M (-6%). Operating margin 32.2% against 29.0% (+3.2 pts).
Gatx, Q3 2026: revenue $598M (+36% year over year), operating margin 32.2%, net earnings $105M, operating cash flow $244M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 32.2% | 29.0% | +3.2 pts |
| Net margin | 17.6% | 18.7% | -1.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Rail North America | $448M | $296M | $152M | +51% |
| Rail International | $108M | $99.4M | $9.1M | +9% |
| Engine Leasing | $31.0M | $32.9M | −$1.9M | -6% |
| Other | $10.5M | $10.5M | $0 | 0% |
| Revenue | $598M | $439M | $159M | +36% |
| Operating profit | $192M | $127M | $65.2M | +51% |
| Costs & expenses | $406M | $312M | $93.5M | +30% |
| Pre-tax earnings | $134M | $98.6M | $35.3M | +36% |
| Other expense, net | $58.5M | $28.6M | $29.9M | +105% |
| SG&A | $64.5M | $66.2M | −$1.7M | -3% |
| Other operating costs | $341M | $246M | $95.2M | +39% |
| Net earnings | $105M | $82.2M | $23.0M | +28% |
| Minority interests | $2.0M | $0 | $2.0M | — |
| Income tax | $26.7M | $16.4M | $10.3M | +63% |
| Depreciation | $172M | $114M | $57.2M | +50% |
| Share-based compensation | $5.3M | $6.8M | −$1.5M | -22% |
| Working capital & other | $37.9M | −$14.9M | $52.8M | — |
| Operating cash flow | $244M | $218M | $25.9M | +12% |
Questions
How much did Gatx's revenue grow year over year in Q3 2026?
Gatx's revenue rose $159M (+36%) from $439M in Q3 2025 to $598M in Q3 2026.
What drove Gatx's revenue change in Q3 2026?
Rail North America +$152M (+51%); Rail International +$9.1M (+9%); Engine Leasing −$1.9M (-6%).