Filing Flows › Greenbrier Companies (GBX) › Q3 FY25
Greenbrier Companies (GBX) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jul 2, 2025
Greenbrier Companies (GBX) reported revenue of $843M for the third quarter fiscal 2025 (Q3 FY25), +3% from a year earlier and +11% from the quarter before. Operating margin was 11.0%, net earnings $60.1M (7.1% of revenue).
Greenbrier Companies, Q3 FY25: revenue $843M (+3% year over year), operating margin 11.0%, net earnings $60.1M, operating cash flow $139M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $843M | +11% | +3% |
| Gross profit | $152M | +9% | +22% |
| Operating profit | $92.6M | +11% | +28% |
| Net earnings | $60.1M | +16% | +77% |
| Operating cash flow | $139M | +49% | +66% |
| Free cash flow | $56.5M | +115% | — |
What changed
Revenue was $842.7M in Q3 FY25, up 3% year over year and up 11% from the previous quarter. Manufacturing was the largest line at 92% of revenue. Manufacturing added $23.2M year over year (up 3%), 103% of the total change. Leasing and Fleet Management declined 1%.
Gross margin was 18.0%, up 2.9 points from a year earlier. Operating profit was $92.6M, a 11.0% margin (up 2.2 points year over year). Of the extra revenue versus a year earlier, 90% reached operating profit, above the 9% margin then. Operating expenses grew 14% against revenue growth of 3%. Net earnings were $60.1M, up 77% year over year. The effective tax rate was 21.1%.
Operating cash flow was $139.2M (up 66% year over year), 206% of net income including minority interests. Non-cash charges added back $29.7M of depreciation and amortization and $4.7M of share-based compensation. Working capital and other items added $37.3M. Capital expenditures of $82.7M left free cash flow of $56.5M.
Questions
What was Greenbrier Companies' revenue in the third quarter fiscal 2025?
Greenbrier Companies (GBX) reported revenue of $843M for the third quarter fiscal 2025 (Q3 FY25), +3% from a year earlier and +11% from the quarter before.
Was Greenbrier Companies profitable in the third quarter fiscal 2025?
Operating profit was $92.6M (11.0% of revenue) and net earnings $60.1M.