GATX | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 439.3 M

Revenue: As of FY2025 Q3, the actual value is USD 439.3 M, beating the estimate of USD 435.78 M.

EPS: As of FY2025 Q3, the actual value is USD 2.25, missing the estimate of USD 2.33.

EBIT: As of FY2025 Q3, the actual value is USD 156.8 M.

Rail North America

• Revenues: $296.5 million for Q3 2025, $278.5 million for Q3 2024, $885.5 million for the first nine months of 2025, $813.9 million for the first nine months of 2024.
• Lease Revenue: $264.1 million for Q3 2025, $249.2 million for Q3 2024, $786.9 million for the first nine months of 2025, $727.8 million for the first nine months of 2024.
• Other Revenue: $32.4 million for Q3 2025, $29.3 million for Q3 2024, $98.6 million for the first nine months of 2025, $86.1 million for the first nine months of 2024.
• Segment Profit: $70.7 million for Q3 2025, $102.4 million for Q3 2024, $256.1 million for the first nine months of 2025, $271.5 million for the first nine months of 2024.
• Expenses: Maintenance expense of $93.1 million for Q3 2025, $77.7 million for Q3 2024; Depreciation expense of $72.1 million for Q3 2025, $69.2 million for Q3 2024.
• Net Gain on Asset Dispositions: $21.3 million for Q3 2025, $46.7 million for Q3 2024, $92.5 million for the first nine months of 2025, $105.8 million for the first nine months of 2024.

Rail International

• Revenues: $99.4 million for Q3 2025, $90.6 million for Q3 2024, $283.7 million for the first nine months of 2025, $259.5 million for the first nine months of 2024.
• Lease Revenue: $94.2 million for Q3 2025, $86.3 million for Q3 2024, $267.4 million for the first nine months of 2025, $248.9 million for the first nine months of 2024.
• Other Revenue: $5.2 million for Q3 2025, $4.3 million for Q3 2024, $16.3 million for the first nine months of 2025, $10.6 million for the first nine months of 2024.
• Segment Profit: $34.4 million for Q3 2025, $33.9 million for Q3 2024, $92.3 million for the first nine months of 2025, $89.2 million for the first nine months of 2024.
• Expenses: Maintenance expense of $18.1 million for Q3 2025, $17.0 million for Q3 2024; Depreciation expense of $23.0 million for Q3 2025, $20.3 million for Q3 2024.
• Net Gain on Asset Dispositions: $1.8 million for Q3 2025, $1.7 million for Q3 2024, $4.5 million for the first nine months of 2025, $3.7 million for the first nine months of 2024.

Engine Leasing

• Revenues: $32.9 million for Q3 2025, $26.2 million for Q3 2024, $91.1 million for the first nine months of 2025, $69.3 million for the first nine months of 2024.
• Lease Revenue: $10.4 million for Q3 2025, $8.1 million for Q3 2024, $26.6 million for the first nine months of 2025, $24.3 million for the first nine months of 2024.
• Non-Dedicated Engine Revenue: $22.5 million for Q3 2025, $18.1 million for Q3 2024, $64.5 million for the first nine months of 2025, $45.0 million for the first nine months of 2024.
• Segment Profit: $60.4 million for Q3 2025, $37.5 million for Q3 2024, $126.3 million for the first nine months of 2025, $81.6 million for the first nine months of 2024.
• Expenses: Depreciation expense of $10.3 million for Q3 2025, $10.1 million for Q3 2024.
• Share of Affiliates’ Pre-Tax Earnings: $53.4 million for Q3 2025, $35.2 million for Q3 2024, $109.4 million for the first nine months of 2025, $75.8 million for the first nine months of 2024.

Other

• Revenues: $10.5 million for Q3 2025, $10.1 million for Q3 2024, $31.1 million for the first nine months of 2025, $29.3 million for the first nine months of 2024.
• Segment Profit: $12.6 million for Q3 2025, $4.2 million for Q3 2024, $24.7 million for the first nine months of 2025, $6.2 million for the first nine months of 2024.
• Selling, General and Administrative Expense: $66.2 million for Q3 2025, $57.2 million for Q3 2024, $181.0 million for the first nine months of 2025, $171.7 million for the first nine months of 2024.

Outlook and Guidance

• GATX expects the transaction to acquire approximately 105,000 railcars from Wells Fargo Bank, N.A. to close in the first quarter of 2026 or sooner, subject to customary closing conditions.
• GATX Rail Europe entered into a definitive agreement to acquire approximately 6,000 railcars from DB Cargo AG, expected to close in the fourth quarter of 2025.