Filing Flows › Greenbrier Companies (GBX) › Q3 FY26
Greenbrier Companies (GBX) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jul 1, 2026
Greenbrier Companies (GBX) reported revenue of $576M for the third quarter fiscal 2026 (Q3 FY26), -32% from a year earlier and -2% from the quarter before. Operating margin was 5.5%, net earnings $18.9M (3.3% of revenue).
Greenbrier Companies, Q3 FY26: revenue $576M (-32% year over year), operating margin 5.5%, net earnings $18.9M, operating cash flow −$227M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $576M | -2% | -32% |
| Gross profit | $81.1M | +17% | -46% |
| Operating profit | $31.9M | +27% | -66% |
| Net earnings | $18.9M | +26% | -69% |
| Operating cash flow | −$227M | -243% | -263% |
What changed
Revenue was $576.5M in Q3 FY26, down 32% year over year and down 2% from the previous quarter. Manufacturing was the largest line at 92% of revenue. Manufacturing lost $264.3M year over year (down 33%), 99% of the total change.
Gross margin was 14.1%, down 3.9 points from Q3 FY25. Operating profit was $31.9M, a 5.5% margin (down 5.5 points year over year). Operating expenses fell 16% while revenue fell 32%. Net earnings were $18.9M, down 69% year over year ($17.5M including minority interests, which bore $1.4M of losses). The effective tax rate was 14.6%.
Operating cash flow was −$226.8M. Non-cash charges added back $32.1M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $279.8M. Capital expenditures of $59.6M exceeded it, leaving free cash flow of −$286.4M.
Questions
What was Greenbrier Companies' revenue in the third quarter fiscal 2026?
Greenbrier Companies (GBX) reported revenue of $576M for the third quarter fiscal 2026 (Q3 FY26), -32% from a year earlier and -2% from the quarter before.
Was Greenbrier Companies profitable in the third quarter fiscal 2026?
Operating profit was $31.9M (5.5% of revenue) and net earnings $18.9M.