Here are the 10-K annual reports from The Greenbrier Companies, Inc. (GBX) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow GBX 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 GBX filings page.
The Greenbrier Companies, Inc. (GBX), which makes freight railcars and provides leasing, maintenance and fleet-management services, reported FY2026 revenue of $2,461.1 million, compared with $3,240.2 million in FY2025. Manufacturing revenue was $2,266.5 million, versus $3,046.9 million; Leasing & Fleet Management revenue was $194.6 million, versus $193.3 million. Net earnings attributable to Greenbrier were $79.0 million, versus $204.1 million, and net cash provided by operating activities was $39.6 million, versus $265.7 million.
At August 31, 2026, new railcar backlog was 14,000 units with estimated future revenue value of $2,100 million, compared with 16,600 units and $2,200 million at August 31, 2025. Based on current production schedules, approximately $1.0 billion of backlog railcar sales were scheduled for delivery in 2027, with the remaining amount expected in 2028 and beyond. Greenbrier owned approximately 20,900 railcars as of August 31, 2026.
Cash dividends were $1.32 per share in FY2026, compared with $1.24 in FY2025.
The Greenbrier Companies (GBX) filed its Annual Report, outlining an integrated railcar manufacturing and leasing business across North America, Europe and Brazil. Effective September 1, 2024, the company combined Maintenance Services into Manufacturing and renamed its second segment Leasing & Fleet Management.
Railcar backlog was 16,600 units at August 31, 2025, with an estimated future revenue value of $2.2 billion. Based on current schedules, approximately $1.0 billion of the August 31, 2025 backlog is slated for delivery in 2026, with the remainder in 2027 and beyond. Backlog includes about $460 million of railcars intended for syndication. The owned lease fleet totals approximately 17,000 railcars; 98.2% were on lease at August 31, 2025 with an average remaining term of 4.0 years and average age of 7.0 years.
Two customers represented 26% of consolidated revenue in 2025. The aggregate market value of non‑affiliate common stock was $1,735,793,000 as of February 28, 2025, and shares outstanding were 30,961,543 on October 21, 2025. The company also provides detailed disclosures on environmental matters, including continued participation in the Portland Harbor Superfund processes.