GATX CORP
For the period ended Oct 29, 2026. Filed Oct 29, 2026.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Oct 29, 2026 · Filed Oct 29, 2026
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Contents
EX-99.1 · (In millions, except leverage)
(In millions, except leverage)
| 9/30/2026 | 6/30/2026 | 3/31/2026 | 12/31/2025 | 9/30/2025 | |
|---|---|---|---|---|---|
| Total Assets, Excluding Cash, by Segment | |||||
| Rail North America | $11,967.8 | $12,068.4 | $12,242.6 | $7,969.0 | $7,865.3 |
| Rail International | 2,710.8 | 2,729.1 | 2,738.0 | 2,825.1 | 2,522.9 |
| Engine Leasing | 1,803.8 | 1,763.3 | 1,805.3 | 1,786.9 | 1,805.9 |
| Other | 414.8 | 412.9 | 417.3 | 433.6 | 415.3 |
| Total Assets, excluding cash | $16,897.2 | $16,973.7 | $17,203.2 | $13,014.6 | $12,609.4 |
| Debt and Lease Obligations, Net of Unrestricted Cash | |||||
| Unrestricted cash | $(390.0) | $(747.1) | $(740.9) | $(743.0) | $(696.1) |
| Borrowings under bank credit facilities | 34.6 | 44.0 | 49.7 | 82.2 | 117.3 |
| Recourse debt | 11,904.0 | 12,289.3 | 12,427.3 | 12,451.7 | 8,751.3 |
| Operating lease obligations | 131.4 | 143.8 | 150.9 | 154.3 | 160.7 |
| Total debt and lease obligations, net of unrestricted cash | $11,680.0 | $11,730.0 | $11,887.0 | $11,945.2 | $8,333.2 |
| Total recourse debt (1) | $11,680.0 | $11,730.0 | $11,887.0 | $11,945.2 | $8,333.2 |
| Total equity | $3,538.4 | $3,589.9 | $3,656.2 | $3,635.1 | $2,718.9 |
| Recourse Leverage (2) | 3.3 | 3.3 | 3.3 | 3.3 | 3.1 |
(1) Includes recourse debt, borrowings under bank credit facilities, and operating lease obligations, net of unrestricted cash.
(2) Calculated as total recourse debt / total equity.
| Reconciliation of Total Assets to Total Assets, Excluding Cash | |||||
|---|---|---|---|---|---|
| Total Assets | $17,287.4 | $17,720.9 | $17,944.2 | $17,999.5 | $13,305.8 |
| Less: cash | (390.2) | (747.2) | (741.0) | (4,984.9) | (696.4) |
| Total Assets, excluding cash | $16,897.2 | $16,973.7 | $17,203.2 | $13,014.6 | $12,609.4 |
| 9/30/2026 | 6/30/2026 | 3/31/2026 | 12/31/2025 | 9/30/2025 | |
|---|---|---|---|---|---|
| Rail North America Statistics | |||||
| Lease Price Index (LPI) (1) | |||||
| Average renewal lease rate change | 12.4% | 16.8% | 22.3% | 21.9% | 22.8% |
| Average renewal term (months) | 52 | 54 | 56 | 58 | 60 |
| Renewal Success Rate (2) | 86.1% | 82.6% | 79.1% | 91.4% | 87.1% |
| Fleet Rollforward (3) | |||||
| Beginning balance | 192,638 | 196,233 | 100,593 | 101,288 | 102,317 |
| Railcars added | 325 | 690 | 98,535 | 920 | 366 |
| Railcars scrapped | (731) | (878) | (1,355) | (898) | (478) |
| Railcars sold | (2,129) | (3,407) | (1,540) | (717) | (917) |
| Ending balance | 190,103 | 192,638 | 196,233 | 100,593 | 101,288 |
| Utilization | 98.4% | 98.0% | 98.1% | 99.0% | 98.9% |
| Average active railcars | 188,358 | 190,587 | 193,195 | 99,999 | 100,896 |
| Boxcar Fleet Rollforward | |||||
| Beginning balance | 9,136 | 9,888 | 7,032 | 7,478 | 7,621 |
| Railcars added | 140 | — | 3,411 | 1 | 172 |
| Railcars scrapped | (280) | (251) | (266) | (365) | (285) |
| Railcars sold | — | (501) | (289) | (82) | (30) |
| Ending balance | 8,996 | 9,136 | 9,888 | 7,032 | 7,478 |
| Utilization | 97.9% | 97.1% | 97.6% | 97.1% | 96.9% |
| Average active railcars | 8,883 | 9,152 | 9,895 | 7,206 | 7,391 |
| Rail North America Industry Statistics | |||||
| Manufacturing Capacity Utilization Index (4) | 76.9% | 76.3% | 75.5% | 75.7% | 76.1% |
| Year-over-year Change in U.S. Carloadings (excl. intermodal) (5) | 2.7% | 3.2% | 4.2% | 1.5% | 2.1% |
| Year-over-year Change in U.S. Carloadings (chemical) (5) | 2.3% | 2.9% | 3.8% | 0.8% | 1.5% |
| Year-over-year Change in U.S. Carloadings (petroleum) (5) | 7.7% | 7.4% | 7.3% | (1.6)% | (1.2)% |
| Production Backlog at Railcar Manufacturers (6) | 25,326 | 23,427 | 23,128 | 23,431 | 25,687 |
(1) GATX's Lease Price Index (LPI) is an internally-generated business indicator that measures renewal activity for our North American railcar fleet, excluding boxcars. The LPI calculation includes all renewal activity based on a 12-month trailing average, and the renewals are weighted by the count of all renewals over the 12-month period. The average renewal lease rate change is reported as the percentage change between the average renewal lease rate and the average expiring lease rate. The average renewal lease term is reported in months and reflects the average renewal lease term in the LPI.
(2) The renewal success rate represents the percentage of railcars on expiring leases that were renewed with the existing lessee. The renewal success rate is an important metric because railcars returned by our customers may remain idle or incur additional maintenance and freight costs prior to being leased to new customers.
(3) Excludes boxcar fleet.
(4) As reported and revised by the Federal Reserve.
(5) As reported by the Association of American Railroads (AAR).
(6) As reported by the Railway Supply Institute (RSI).
| 9/30/2026 | 6/30/2026 | 3/31/2026 | 12/31/2025 | 9/30/2025 | |
|---|---|---|---|---|---|
| Rail Europe Statistics | |||||
| Fleet Rollforward | |||||
| Beginning balance | 36,718 | 36,651 | 36,484 | 30,572 | 30,492 |
| Railcars added | 206 | 229 | 355 | 6,145 | 328 |
| Railcars scrapped or sold | (212) | (162) | (188) | (233) | (248) |
| Ending balance | 36,712 | 36,718 | 36,651 | 36,484 | 30,572 |
| Utilization | 96.1% | 95.3% | 94.7% | 94.7% | 93.7% |
| Average active railcars | 35,138 | 34,868 | 34,588 | 32,671 | 28,592 |
| Rail India Statistics | |||||
| Fleet Rollforward | |||||
| Beginning balance | 12,851 | 12,508 | 12,165 | 11,712 | 11,112 |
| Railcars added | 98 | 343 | 343 | 453 | 600 |
| Ending balance | 12,949 | 12,851 | 12,508 | 12,165 | 11,712 |
| Utilization | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Average active railcars | 12,925 | 12,692 | 12,275 | 11,905 | 11,363 |
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