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Gatx (GATX) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
Gatx (GATX) reported revenue of $598M for the third quarter 2026 (Q3 2026), +36% from a year earlier and +3% from the quarter before. Operating margin was 32.2%, net earnings $105M (17.6% of revenue).
Gatx, Q3 2026: revenue $598M (+36% year over year), operating margin 32.2%, net earnings $105M, operating cash flow $244M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $598M | +3% | +36% |
| Operating profit | $192M | +20% | +51% |
| Net earnings | $105M | +2% | +28% |
| Operating cash flow | $244M | -12% | +12% |
What changed
Revenue was $598.0M in Q3 2026, up 36% year over year and up 3% from the previous quarter. Rail North America was the largest line at 75% of revenue. Rail North America added $151.5M year over year (up 51%), 95% of the total change. Engine Leasing declined 6%.
Operating profit was $192.4M, a 32.2% margin (up 3.2 points year over year). Of the extra revenue versus Q3 2025, 41% reached operating profit, above the 29% margin then. Total costs grew 30% against revenue growth of 36%. The fastest-growing cost line was Other operating costs (+39%). Net earnings were $105.2M, up 28% year over year. The effective tax rate was 19.9%.
Operating cash flow was $244.2M (up 12% year over year), 228% of net earnings. Non-cash charges added back $171.6M of depreciation and $5.3M of share-based compensation. Working capital and other items used $39.9M.
Questions
What was Gatx's revenue in the third quarter 2026?
Gatx (GATX) reported revenue of $598M for the third quarter 2026 (Q3 2026), +36% from a year earlier and +3% from the quarter before.
Was Gatx profitable in the third quarter 2026?
Operating profit was $192M (32.2% of revenue) and net earnings $105M.
Source: Gatx 10-Q on SEC EDGAR.