Every 10-Q that GATX Corporation (GATX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GATX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GATX filings page.
GATX Corporation delivered higher results for the six months ended June 30, 2026, with net income attributable to GATX of $188.9 million, or $5.19 per diluted share, on revenues of $1,163.8 million, compared with $154.1 million, or $4.21 per diluted share, on $852.1 million of revenues in 2025. For the second quarter, net income attributable to GATX was $103.4 million, or $2.84 per diluted share, on revenues of $580.1 million.
Results were heavily influenced by the January 1, 2026 acquisition of approximately 101,000 railcars for $4.2 billion from Wells Fargo through the GABX joint venture with Brookfield, funded by a $2.96 billion term loan and equity contributions. GABX is consolidated and reported in Rail North America; GATX increased its ownership to 33.5% by exercising a $66.2 million call option on June 30, 2026.
Rail North America, Rail International, and Engine Leasing all showed higher lease revenues and gains on asset dispositions, supported by strong utilization, including 98.0% for the North American railcar fleet. Net cash provided by operating activities rose to $475.3 million, funding $4,720.5 million of portfolio investments and capital additions, while recourse debt was $12,289.3 million and return on equity attributable to GATX was 13.5%.
GATX Corporation reported higher results for the quarter ended March 31, 2026, helped by a major railcar acquisition. Net income attributable to GATX was $85.5 million, up from $78.6 million, with diluted EPS rising to $2.35 from $2.15. Total revenues increased to $583.7 million from $421.6, driven mainly by Rail North America and Rail International.
On January 1, 2026, GATX, through the GABX joint venture with Brookfield, acquired about 101,000 railcars for $4.2 billion from Wells Fargo, funded by a $2.96 billion term loan and equity contributions, and also purchased 200 locomotives for approximately $30.4 million. Rail North America segment profit rose to $103.9 million, while Rail International and Engine Leasing delivered segment profits of $31.6 million and $35.3 million, respectively.
Investment volume surged to $4.52 billion, largely from the Wells Fargo assets, and net cash used in investing activities reached $4.36 billion. Recourse debt was $12.43 billion, and GATX ended the quarter with $740.9 million in cash and cash equivalents and utilization above 94% across major fleets, reflecting strong leasing demand despite macroeconomic and geopolitical uncertainty.
GATX Corporation reported third‑quarter results and detailed progress on pending growth transactions. Q3 revenue was $439.3 million, up from $405.4 million, with net income of $82.2 million and diluted EPS of $2.25. Year to date, revenue reached $1.291 billion and net income $236.3 million (EPS $6.46).
Rail North America delivered higher lease revenue on stronger rates, offset by increased maintenance and interest expense and lower gains on asset sales; utilization was 98.9% and the Lease Price Index renewal rate change was +22.8%. Operating cash flow rose to $503.8 million for the first nine months, ending cash was $696.4 million, and recourse debt was $8.751 billion.
The company signed a definitive agreement to acquire about 105,000 railcars from Wells Fargo for $4.4 billion via a joint venture with Brookfield (GATX initial 30%/Brookfield 70%), with an option for GATX to acquire up to 100% over time; GATX will also purchase approximately 223 locomotives. HSR, EU, and Canadian competition clearances were obtained; closing is anticipated in the first quarter of 2026, subject to remaining approvals and customary conditions. There were 35.7 million common shares outstanding as of September 30, 2025.
GATX’s Q2-25 10-Q shows strong operating momentum. Total revenue rose 11.3% YoY to $430.5 million, while net income jumped 70% to $75.5 million ($2.06 diluted EPS). Six-month revenue increased 11.2% to $852.1 million and net income 29.8% to $154.1 million ($4.21 EPS). Growth was driven by higher lease rates and utilisation (99.2%), a 24.2% positive Lease Price Index and larger gains on asset dispositions ($40.5 million vs $25.6 million).
Segment highlights: Rail North America profit rose 23% to $96.6 million on higher revenue (+9%) and disposal gains; Rail International profit up 22% to $32.2 million; Engine Leasing profit up 48% to $27.3 million aided by non-dedicated engine revenue (+50%).
Balance sheet: Cash nearly doubled to $754.6 million since YE-24, but recourse debt climbed 6% to $8.74 billion, lifting gross leverage. Shareholders’ equity improved to $2.67 billion; book value per share ≈ $75.0.
Liquidity & cash flow: Operating cash flow was $285.5 million YTD; capex & portfolio investments absorbed $515.3 million; net debt issuance added $473 million.
Strategic move: On 29 May 2025 GATX agreed to acquire ~105,000 railcars from Wells Fargo for $4.4 billion via a JV with Brookfield (GATX 30% initial stake, option to 100%). Interest-rate swaps (notional $2.4 billion) hedge the deal; closing expected Q1-26.
Risks: Recourse debt and interest expense rose (net interest –$96.2 million Q2). East Palestine litigation continues despite a recent jury verdict assigning 0% liability to GATX; additional suits are pending. Maintenance and depreciation expenses also trended higher.