# GATX Corporation (GATX)

> Source: Nexqual · https://nexqual.com/GATX · data as of 2026-10-29 20:00 UTC · cite as "Nexqual, GATX Corporation (GATX), nexqual.com/GATX" · informational, not investment advice.

**Price:** USD 180.47 (+6.87% on the day) · last close of Oct 29, 2026; US market closed, not a live price. Prev close 168.87 · day 173.26–184.27 · 52w 150.42–205.56 · market cap $6.37B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $2.05B, net income $368M (17.9% margin) (SEC filings).
- Valuation: P/E 17.3x (avg 18.2x at the last 3 fiscal year-ends), net debt $11.6B.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $4.6M; 5 not under a Rule 10b5-1 plan ($4.6M); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (4 analysts), mean target USD 219.5 (range 216–223).
- Total return with dividends: 1Y +8.2% vs S&P 500 +14.8%; 5Y +107.6% vs S&P 500 +79.1%.
- Next earnings: 2026-10-29, EPS estimate USD 2.57, revenue estimate $594M. All companies reporting that day: https://nexqual.com/earnings/2026-10-29
- Dividend: USD 2.64 a year (yield 1.56%), paid quarterly; latest ex-dividend date 2026-09-15; annual dividends grew 5.5% a year 2022–2025.
- Short interest: 10.12% of float (as of 2026-10-15), 7.7 days to cover.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.26B | $1.27B | $1.41B | $1.59B | $1.74B | $2.05B |
| Net income | $143M | $156M | $259M | $284M | $333M | $368M |
| EPS (diluted) | $3.98 | $4.35 | $7.12 | $7.78 | $9.12 | — |
| Free cash flow | -$623M | -$722M | -$1.14B | — | — | — |
| Net margin | 11.4% | 12.2% | 18.4% | 17.9% | 19.2% | 17.9% |
| Revenue growth | +4.0% | +1.2% | +10.8% | +12.4% | +9.8% | — |
| Cash + short-term investments | $344M | $452M | $451M | — | — | — |
| Total debt | $5.93B | $6.49B | $7.45B | $8.27B | $12.5B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 17.3x · P/S 3.1x · EV/Sales 8.8x · P/B 2.3x · Earnings yield 5.78% · Dividend yield (paid, TTM) 1.46% · Buyback yield (TTM) 1.56% · Net debt $11.6B · EV $18.0B
P/E at fiscal year-ends: Dec 2025 18.3x, Dec 2024 19.6x, Dec 2023 16.6x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-11 | Phillips Geoffrey | Sr. VP, Operations | 2,500 | $444K | 27.9% | No | Too little history (no open-market trades in 2023) |
| 2026-08-26 | Doygun Eren | SVP Chief Plan. & Invest. Off. | 1,000 | $180K | 15.3% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-14 | Sbragia John | SVP, Engineering and Quality | 1,900 | $343K | 21.8% | No | Too little history (no open-market trades in 2024) |
| 2026-08-05 | Ellman Thomas A. | EVP & CFO | 18,200 | $3.3M | 28.9% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-03 | Van Aken Jennifer | Sr VP Treasurer & CRO | 1,700 | $307K | 22.3% | No | Too little history (no open-market trades in 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 4 analysts; mean target USD 219.5 (low 216, high 223).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-08 | Citigroup | Target raised | Buy | $215 → $216 |
| 2026-08-03 | Citigroup | Target raised | Buy | $214 → $215 |
| 2026-07-31 | Susquehanna | Target raised | Positive | $218 → $220 |
| 2026-07-13 | Citigroup | Target raised | Buy | $211 → $214 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-30) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +8.2% | +107.6% |
| S&P 500 (SPY) | +14.8% | +79.1% |
| Per year | +8.3% | +15.7% |
| Volatility (annualized) | 23.5% | 25.1% |
| Max drawdown | -18.9% (Apr 2026→Oct 2026) | -31.5% (Mar 2022→Sep 2022) |

## Dividends
Annual dividend rate USD 2.64 per share, yield 1.56% at the current price. Paid over the last 12 months: USD 2.59 in 4 payments (quarterly).
Most recent ex-dividend date: Sep 15, 2026; payment date: Sep 30, 2026. To receive a dividend, shares must be owned before the ex-dividend date.
Latest change: raised 8.2% to USD 0.66 per payment from USD 0.61, starting with the Mar 2, 2026 ex-dividend date.
Payout ratio 25% of earnings · 5-year average yield 1.67% · annual dividends grew 5.5% a year from 2022 to 2025.
| Ex-dividend date | Amount per share |
|---|---|
| 2026-09-15 | USD 0.66 |
| 2026-06-15 | USD 0.66 |
| 2026-03-02 | USD 0.66 |
| 2025-12-15 | USD 0.61 |
| 2025-09-15 | USD 0.61 |
| 2025-06-13 | USD 0.61 |
| 2025-02-28 | USD 0.61 |
| 2024-12-13 | USD 0.58 |
Total by calendar year: 2022 USD 2.08 · 2023 USD 2.20 · 2024 USD 2.32 · 2025 USD 2.44.

## Short interest
2,028,744 shares sold short, 10.12% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 2,296,499 shares (-11.7%). Days to cover: 7.7 (short shares ÷ average daily volume).

## Peers (Rental & Leasing Services)
HRI (Herc Holdings Inc.) USD 173.95 +4.68% · EQPT (EquipmentShare.com Inc) USD 18.18 +1.39% · CAR (Avis Budget Group, Inc.) USD 108.16 +6.31% · R (Ryder System, Inc.) USD 280.68 +1.84% · UHAL (U-Haul Holding Company) USD 56.8 +2.99% · WSC (WillScot Holdings Corporation) USD 18.57 +3.28%

## More
Full page: https://nexqual.com/GATX · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in GATX's own 10-K filed 2026-02-19 (https://www.sec.gov/Archives/edgar/data/40211/000004021126000018/gmt-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Rolls-Royce | "We rely on Rolls-Royce in connection with our aircraft spare engine leasing businesses, and certain factors that adversely affect Rolls-Royce could have an adverse effect on those businesses." |
| Partner | Brookfield Infrastructure Partners L.P. (BIPH) | "On May 29, 2025, GATX entered into a definitive agreement to acquire railcars from Wells Fargo Bank, N.A. ("Wells Fargo") through a newly formed joint venture ("GABX" or the "GABX joint venture") with Brookfield Infrastr…" |

Other companies that name GATX in their own reports (relationship from GATX's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| partner | Brookfield Infrastructure Partners L.P. (BIPI) | 20-F 2026-03-17 | "The fleet includes a broad mix of freight car types and the majority of the portfolio is jointly owned and operated in partnership with GATX, an industry-leading lessor with over 125 years of operatin…" |

## Company outlook (8-K filed 2026-10-29)

- "Lyons concluded, "Based on year-to-date performance and our outlook for the remainder of the year, we now expect our 2026 full-year earnings to modestly exceed the high end of our previously announced guidance range of $9.90 to $10.30 per diluted share."
- "This guidance excludes any impact from Tax Adjustments and Other Items." RAIL NORTH AMERICA Rail North America reported segment profit of $121.3 million in the third quarter of 2026, compared to $70.7 million in the third quarter of 2025."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $2.57 | $2.63 | -2.0% | $594.4M | 4 |
| Next quarter (ends 2027-03-31) | $2.69 | $2.62 | +3.0% | $597.8M | 3 |
| Current fiscal year (ends 2026-12-31) | $10.23 | $10.04 | +1.9% | $2.35B | 4 |
| Next fiscal year (ends 2027-12-31) | $11.26 | $11.17 | +0.8% | $2.43B | 4 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-10-29): ±4.6%; last 8 reports averaged ±4.5%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 22 | 23.3% | ±4.6% |
| 2026-12-18 | 50 | 24.0% | ±7.2% |
| 2027-03-19 | 141 | 24.6% | ±12.2% |
| 2027-06-17 | 231 | 24.9% | ±15.8% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Jul 30, 2026 | Quarter ended Jun 30, 2026 | $2.84 | $2.46 | Beat +15.4% | -1.5% |
| May 7, 2026 | Quarter ended Mar 31, 2026 | $2.35 | $2.28 | Beat +3.1% | -6.6% |
| Feb 19, 2026 | Quarter ended Dec 31, 2025 | $2.44 | $2.42 | Beat +0.8% | +4.3% |
| Oct 21, 2025 | — | — | — | — | -4.8% |
| Jul 29, 2025 | — | — | — | — | +1.8% |
| Apr 23, 2025 | — | — | — | — | -2.9% |
| Jan 23, 2025 | — | — | — | — | +8.3% |
| Oct 22, 2024 | — | — | — | — | +5.7% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-10-29 | 8-K | Quarterly results; Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/40211/000004021126000091/0000040211-26-000091-index.htm |
| 2026-07-31 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/40211/000004021126000079/0000040211-26-000079-index.htm |
| 2026-07-30 | 8-K | Quarterly results; Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/40211/000004021126000073/0000040211-26-000073-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.