GATX CORP

GATX · Transportation Services · 35.5M shares · +0%/yr ↑ shares · EDGAR filings ↗

Net buyback after stock comp: -$10M (gross $3M, SBC $13M)

Reference price $198.04 · est. market cap ~$7.0B — last insider sale, 2026-02-20 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

B76

Leading global railcar lessor with top-tier margins and above-average ROE, set to scale via the GABX JV.

Strengths

Sector-leading net margin (19.2%, 100th) and operating cash margin (37.2%, 100th pct); ROE 12.1% (77th pct)
Durable, diversified lease franchise (~156,000 railcars, ~800 customers) with revenue +10% and net income +17%

Risks

Very high leverage (D/E 4.5, 100th pct) — normal for leasing but amplifies rate/credit risk; ROA only 1.9%
Demand tied to commodity/rail cycles, PSR dynamics and tariff/trade uncertainty

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
High leverageHigh leverage (debt/equity 4.55)
Insider sellingInsider selling — 4 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$2M, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $430M2025-09-30 · $439M2025-12-31 · $449M2026-03-31 · $584M

Last 4 quarters · from SEC filings.

Key metrics

Net margin

19.2%

Return on equity

12.1%

Return on assets

1.9%

Revenue growth (QoQ)

30.0%

Net-income growth

17.3%

Debt / equity

4.5×

Tangible book value

$2.6B

Cash & investments

$743M

Stock comp / revenue

1.4%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-05-01	Stanley Adam L.	Grant	30	$194.92
2026-05-01	Bausch Shelley J	Grant	128	$194.92
2026-05-01	WETHERBEE ROBERT S	Grant	115	$194.92
2026-05-01	Holmes John McClain III	Grant	129	$194.92
2026-05-01	Arvia Anne L	Grant	124	$194.92
2026-05-01	Aigotti Diane	Grant	71	$194.92
2026-05-01	REAM JAMES B	Grant	169	$194.92
2026-05-01	YOVOVICH PAUL G	Grant	136	$194.92
2026-04-24	Stanley Adam L.	Grant	731	—
2026-04-24	Bausch Shelley J	Grant	731	—
2026-04-24	WETHERBEE ROBERT S	Grant	731	—
2026-04-24	Holmes John McClain III	Grant	731	—
2026-04-24	Arvia Anne L	Grant	731	—
2026-04-24	Aigotti Diane	Grant	731	—
2026-04-24	REAM JAMES B	Grant	731	—
2026-04-24	YOVOVICH PAUL G	Grant	731	—
2026-02-20	Glassberg Brian L	Option exercise	2.0K	$77.07
2026-02-20	Glassberg Brian L	Sell	1.1K	$198.04
2026-02-20	Glassberg Brian L	Sell	874	$198.61
2026-02-20	Zmudka Robert	Option exercise	5.2K	$103.15
2026-02-20	Zmudka Robert	Sell	5.2K	$192.61
2026-02-20	Young Jeffery R.	Option exercise	900	$126.47
2026-02-20	Young Jeffery R.	Option exercise	833	$166.19
2026-02-20	Young Jeffery R.	Option exercise	1.2K	$113.28
2026-02-20	Young Jeffery R.	Sell	2.6K	$196.29
2026-02-18	Glassberg Brian L	Grant	2.8K	—
2026-02-18	Glassberg Brian L	Tax withheld	1.2K	$192.82
2026-02-18	Nero Kimberley	Grant	2.9K	—
2026-02-18	Nero Kimberley	Tax withheld	1.3K	$192.82
2026-02-02	Stanley Adam L.	Grant	27	$180.66
2026-02-02	Bausch Shelley J	Grant	136	$180.66
2026-02-02	Holmes John McClain III	Grant	136	$180.66
2026-02-02	Arvia Anne L	Grant	114	$180.66
2026-02-02	Aigotti Diane	Grant	68	$180.66
2026-02-02	REAM JAMES B	Grant	155	$180.66
2026-02-02	YOVOVICH PAUL G	Grant	125	$180.66
2026-01-26	LaHurd Christopher	Tax withheld	142	$184.66
2026-01-26	Sbragia John	Tax withheld	186	$184.66
2026-01-26	Hillesland Kevin	Tax withheld	414	$184.66
2026-01-26	Phillips Geoffrey	Tax withheld	287	$184.66
2025-12-10	Van Aken Jennifer	Option exercise	1.8K	$71.53
2025-12-10	Van Aken Jennifer	Sell	1.6K	$164.05
2025-12-10	Van Aken Jennifer	Sell	200	$164.93
2025-11-03	Stanley Adam L.	Grant	26	$157.51
2025-11-03	Bausch Shelley J	Grant	153	$157.51
2025-11-03	Holmes John McClain III	Grant	154	$157.51
2025-11-03	Arvia Anne L	Grant	111	$157.51
2025-11-03	Aigotti Diane	Grant	66	$157.51
2025-11-03	REAM JAMES B	Grant	150	$157.51
2025-11-03	YOVOVICH PAUL G	Grant	121	$157.51
2025-09-03	LYONS ROBERT C	Option exercise	18K	$71.53
2025-09-03	LYONS ROBERT C	Sell	43	$166.20
2025-09-03	LYONS ROBERT C	Sell	9.6K	$166.04
2025-09-03	LYONS ROBERT C	Sell	2.9K	$167.24
2025-09-03	LYONS ROBERT C	Sell	100	$167.76
2025-08-28	Phillips Geoffrey	Option exercise	2.1K	$71.53
2025-08-28	Phillips Geoffrey	Sell	2.1K	$168.74
2025-08-22	Arvia Anne L	Sell	979	$165.35
2025-08-01	Stanley Adam L.	Grant	29	$152.82
2025-08-01	Bausch Shelley J	Grant	158	$152.82
2025-08-01	Holmes John McClain III	Grant	159	$152.82
2025-08-01	Arvia Anne L	Grant	123	$152.82
2025-08-01	Aigotti Diane	Grant	73	$152.82
2025-08-01	REAM JAMES B	Grant	167	$152.82
2025-08-01	YOVOVICH PAUL G	Grant	136	$152.82
2025-07-31	Hillesland Kevin	Option exercise	2.2K	$71.53
2025-07-31	Hillesland Kevin	Sell	2.2K	$152.59
2025-07-13	WETHERBEE ROBERT S	Grant	669	—
2025-06-12	McManus Jennifer	Option exercise	1.8K	$71.53
2025-06-12	McManus Jennifer	Sell	1.8K	$154.92
2025-06-10	Ellman Thomas A.	Option exercise	18K	$71.53
2025-06-10	Ellman Thomas A.	Sell	15K	$157.33
2025-06-10	Ellman Thomas A.	Sell	3.9K	$157.91
2025-06-03	Titterton Paul F	Option exercise	9.9K	$91.36
2025-06-03	Titterton Paul F	Option exercise	8.8K	$77.07
2025-06-03	Titterton Paul F	Sell	6.7K	$156.04
2025-06-03	Titterton Paul F	Sell	12K	$157.00
2025-05-01	Aigotti Diane	Grant	69	$143.91
2025-05-01	Bausch Shelley J	Grant	163	$143.91
2025-05-01	Holmes John McClain III	Grant	164	$143.91
2025-05-01	YOVOVICH PAUL G	Grant	135	$143.91
2025-05-01	Stanley Adam L.	Grant	29	$143.91
2025-05-01	REAM JAMES B	Grant	163	$143.91
2025-05-01	Arvia Anne L	Grant	122	$143.91
2025-04-25	REAM JAMES B	Grant	943	—
2025-04-25	Holmes John McClain III	Grant	943	—
2025-04-25	Bausch Shelley J	Grant	943	—
2025-04-25	Aigotti Diane	Grant	943	—
2025-04-25	Stanley Adam L.	Grant	943	—
2025-04-25	YOVOVICH PAUL G	Grant	943	—
2025-04-25	Arvia Anne L	Grant	943	—
2025-02-18	McManus Jennifer	Grant	1.4K	—
2025-02-18	McManus Jennifer	Tax withheld	600	$167.25
2025-02-18	Van Aken Jennifer	Grant	1.0K	—
2025-02-18	Van Aken Jennifer	Tax withheld	297	$167.25
2025-02-18	Nero Kimberley	Grant	3.1K	—
2025-02-18	Nero Kimberley	Tax withheld	1.4K	$167.25
2025-02-06	Adedoyin Niyi	Option exercise	1.1K	$71.53
2025-02-06	Adedoyin Niyi	Sell	1.8K	$167.42
2025-02-06	Sbragia John	Option exercise	2.1K	$71.53
2025-02-06	Sbragia John	Sell	2.1K	$166.64
2025-02-06	Adedoyin Niyi	Option exercise	4.3K	$77.07
2025-02-06	Adedoyin Niyi	Sell	3.5K	$166.56
2025-02-05	Adedoyin Niyi	Option exercise	501	$71.53
2025-02-05	Adedoyin Niyi	Sell	501	$166.11
2025-02-05	Young Jeffery R.	Sell	293	$164.62
2025-02-05	Young Jeffery R.	Sell	4	$165.81
2025-02-04	Young Jeffery R.	Option exercise	900	$126.47
2025-02-04	Young Jeffery R.	Tax withheld	2.4K	$164.79
2025-02-04	Zmudka Robert	Option exercise	4.8K	$91.36
2025-02-04	Zmudka Robert	Sell	2.8K	$163.56
2025-02-04	Zmudka Robert	Sell	2.0K	$164.21
2025-02-04	Young Jeffery R.	Option exercise	867	$103.15
2025-02-04	Young Jeffery R.	Option exercise	1.2K	$113.28
2025-02-03	YOVOVICH PAUL G	Grant	127	$111.14
2025-02-03	Sutherland David	Grant	445	$111.14
2025-02-03	Holmes John McClain III	Grant	142	$111.14
2025-02-03	Bausch Shelley J	Grant	6	$111.14
2025-02-03	REAM JAMES B	Grant	203	$111.14
2025-02-03	Stanley Adam L.	Grant	27	$111.14
2025-02-03	Aigotti Diane	Grant	65	$111.14
2025-02-03	Arvia Anne L	Grant	116	$111.14
2025-01-28	Sbragia John	Tax withheld	170	$165.15
2025-01-28	Glassberg Brian L	Tax withheld	258	$165.15
2025-01-28	Ellman Thomas A.	Tax withheld	1.3K	$165.15
2025-01-28	Titterton Paul F	Tax withheld	905	$165.15
2025-01-28	Hillesland Kevin	Tax withheld	241	$165.15
2025-01-28	LaHurd Christopher	Tax withheld	139	$165.15
2025-01-28	Phillips Geoffrey	Tax withheld	207	$165.15
2025-01-14	McManus Jennifer	Tax withheld	774	$152.78
2025-01-14	McManus Jennifer	Option exercise	1.2K	$69.73

All non-derivative Form 4 activity (SEC), newest first.

Supply chain

Customers (0)

Suppliers (6)

Named in the 10-K; linked when we track them.

Notable events (8-K)

Date	Items
2026-05-21	Material agreementDebt obligationExhibits	filing ↗
2026-05-07	ResultsReg FDExhibits	filing ↗
2026-04-28	Exec/director changeShareholder voteExhibits	filing ↗
2026-03-16	Material agreementDebt obligationExhibits	filing ↗
2026-03-03	Acquisition/dispositionExhibits	filing ↗
2026-02-19	ResultsReg FDExhibits	filing ↗
2026-01-05	Material agreementAcquisition/dispositionDebt obligationReg FDExhibits	filing ↗
2025-10-24	Material agreementDebt obligationExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-05-21	2026-05-21	0001193125-26-234463 ↗
10-Q	2026-05-07	2026-03-31	0000040211-26-000055 ↗
8-K	2026-05-07	2026-05-07	0000040211-26-000051 ↗
8-K	2026-04-28	2026-04-24	0000040211-26-000038 ↗
8-K	2026-03-16	2026-03-12	0001193125-26-107264 ↗
8-K/A	2026-03-03	2026-01-01	0000040211-26-000024 ↗
10-K	2026-02-19	2025-12-31	0000040211-26-000018 ↗
8-K	2026-02-19	2026-02-19	0000040211-26-000014 ↗
8-K	2026-01-05	2025-12-31	0001193125-26-001584 ↗
10-Q	2025-10-30	2025-09-30	0000040211-25-000118 ↗
8-K	2025-10-24	2025-10-22	0001193125-25-249960 ↗
8-K	2025-10-21	2025-10-21	0000040211-25-000105 ↗