Filing Flows › Greenbrier Companies (GBX) › Q1 FY26
Greenbrier Companies (GBX) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jan 8, 2026
Greenbrier Companies (GBX) reported revenue of $706M for the first quarter fiscal 2026 (Q1 FY26), -19% from a year earlier and -7% from the quarter before. Operating margin was 8.7%, net earnings $36.4M (5.2% of revenue).
Greenbrier Companies, Q1 FY26: revenue $706M (-19% year over year), operating margin 8.7%, net earnings $36.4M, operating cash flow $76.2M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $706M | -7% | -19% |
| Gross profit | $103M | -28% | -40% |
| Operating profit | $61.1M | -15% | -45% |
| Net earnings | $36.4M | -1% | -34% |
| Operating cash flow | $76.2M | -22% | — |
| Free cash flow | $18.7M | -30% | — |
What changed
Revenue was $706.1M in Q1 FY26, down 19% year over year and down 7% from the previous quarter. Manufacturing was the largest line at 93% of revenue. Manufacturing lost $173.9M year over year (down 21%), 102% of the total change.
Gross margin was 14.6%, down 5.2 points from a year earlier. Operating profit was $61.1M, a 8.7% margin (down 4.1 points year over year). Operating expenses fell 32% while revenue fell 19%. Net earnings were $36.4M, down 34% year over year. The effective tax rate was 24.8%.
Operating cash flow was $76.2M, 204% of net income including minority interests. Non-cash charges added back $32.5M of depreciation and amortization and $3.5M of share-based compensation. Capital expenditures of $57.5M left free cash flow of $18.7M.
Questions
What was Greenbrier Companies' revenue in the first quarter fiscal 2026?
Greenbrier Companies (GBX) reported revenue of $706M for the first quarter fiscal 2026 (Q1 FY26), -19% from a year earlier and -7% from the quarter before.
Was Greenbrier Companies profitable in the first quarter fiscal 2026?
Operating profit was $61.1M (8.7% of revenue) and net earnings $36.4M.