Latest Ratios: P/E Ratio 16.5x · EV/EBITDA 11.1x · ROE 11.0%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.5B | $6.1B | $5.6B | $4.3B | $3.8B | $3.8B | $2.9B | $3.0B | $2.7B | $2.4B | $2.5B |
| Enterprise Value | $14.3B | $13.9B | $13.6B | $11.5B | $10.2B | $9.6B | $8.4B | $8.1B | $7.2B | $6.5B | $6.5B |
| P/E Ratio → | 16.54 | 18.60 | 19.92 | 16.88 | 24.45 | 26.18 | 19.90 | 28.87 | 12.83 | 4.88 | 9.79 |
| P/S Ratio | 2.93 | 3.49 | 3.51 | 3.04 | 3.00 | 2.98 | 2.44 | 2.51 | 1.99 | 1.78 | 1.78 |
| P/B Ratio | 1.80 | 1.67 | 2.28 | 1.89 | 1.88 | 1.86 | 1.50 | 1.64 | 1.52 | 1.37 | 1.87 |
| P/FCF | 15.30 | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 10.01 | 9.37 | 9.24 | 8.25 | 7.16 | 7.40 | 6.88 | 6.52 | 5.33 | 4.93 | 4.02 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.98 | 8.56 | 8.13 | 8.04 | 7.63 | 6.94 | 6.74 | 5.26 | 4.75 | 4.57 |
| EV / EBITDA | 11.13 | 14.08 | 15.16 | 14.70 | 14.38 | 14.22 | 13.32 | 13.19 | 11.01 | 9.99 | 9.57 |
| EV / EBIT | 26.79 | 17.02 | 22.52 | 22.53 | 26.16 | 24.05 | 26.57 | 24.86 | 19.78 | 17.45 | 14.30 |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.6% | 48.6% | 48.0% | 45.9% | 45.0% | 42.9% | 40.9% | 41.0% | 39.4% | 39.8% | 41.3% |
| Operating Margin | 30.7% | 30.7% | 29.9% | 27.5% | 26.7% | 23.6% | 23.7% | 23.4% | 23.0% | 24.1% | 25.9% |
| Net Profit Margin | 19.2% | 19.2% | 17.9% | 18.4% | 12.2% | 11.4% | 12.5% | 17.6% | 15.5% | 36.5% | 18.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.0% | 11.0% | 12.1% | 12.0% | 7.7% | 7.2% | 8.0% | 11.7% | 11.8% | 32.0% | 19.6% |
| ROA | 2.2% | 2.2% | 2.4% | 2.4% | 1.6% | 1.5% | 1.7% | 2.6% | 2.8% | 6.9% | 3.7% |
| ROIC | 3.7% | 3.7% | 3.6% | 3.3% | 3.1% | 2.9% | 3.0% | 3.2% | 3.9% | 4.4% | 5.2% |
| ROCE | 4.1% | 4.1% | 4.1% | 3.7% | 3.6% | 3.3% | 3.4% | 3.7% | 4.3% | 4.7% | 5.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.52 | 3.52 | 3.45 | 3.35 | 3.31 | 3.07 | 2.93 | 2.85 | 2.55 | 2.45 | 3.17 |
| Debt / EBITDA | 12.98 | 12.98 | 9.39 | 9.78 | 9.44 | 9.17 | 9.11 | 8.52 | 7.00 | 6.70 | 6.31 |
| Net Debt / Equity | — | 2.15 | 3.28 | 3.16 | 3.16 | 2.90 | 2.78 | 2.77 | 2.49 | 2.28 | 2.94 |
| Net Debt / EBITDA | 7.93 | 7.93 | 8.94 | 9.20 | 9.02 | 8.66 | 8.64 | 8.28 | 6.84 | 6.25 | 5.85 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 1.94 | 1.94 | 1.77 | 1.93 | 1.83 | 1.96 | 1.66 | 1.80 | 2.22 | 2.34 | 3.06 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.27 | 1.27 | 3.04 | 3.03 | 3.08 | 2.17 | 2.54 | 0.64 | 1.09 | 3.23 | 3.05 |
| Quick Ratio | 1.27 | 1.27 | 2.72 | 2.73 | 2.83 | 1.95 | 2.17 | 0.54 | 0.87 | 2.87 | 2.76 |
| Cash Ratio | 1.22 | 1.22 | 1.77 | 1.80 | 1.91 | 1.47 | 1.71 | 0.27 | 0.35 | 1.87 | 1.72 |
| Asset Turnover | — | 0.10 | 0.13 | 0.12 | 0.13 | 0.13 | 0.14 | 0.14 | 0.18 | 0.19 | 0.20 |
| Inventory Turnover | — | — | 11.48 | 10.32 | 11.63 | 13.81 | 11.12 | 11.94 | 12.94 | 14.49 | 16.23 |
| Days Sales Outstanding | — | 43.45 | 45.84 | 56.50 | 46.45 | 47.55 | 42.92 | 45.55 | 55.52 | 56.49 | 58.55 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.4% | 1.5% | 1.5% | 1.9% | 2.0% | 2.0% | 2.4% | 2.3% | 2.6% | 2.8% | 2.7% |
| Payout Ratio | 26.9% | 26.9% | 29.8% | 31.1% | 49.1% | 51.9% | 46.9% | 32.8% | 32.8% | 13.6% | 26.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.0% | 5.4% | 5.0% | 5.9% | 4.1% | 3.8% | 5.0% | 3.5% | 7.8% | 20.5% | 10.2% |
| FCF Yield | 6.5% | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 1.0% | 1.1% | 0.4% | 0.1% | 1.2% | 0.3% | 0.0% | 5.0% | 4.3% | 4.1% | 4.8% |
| Total Shareholder Yield | 2.4% | 2.5% | 1.9% | 1.9% | 3.2% | 2.3% | 2.4% | 7.3% | 6.8% | 6.9% | 7.4% |
| Shares Outstanding | — | $36M | $36M | $36M | $36M | $36M | $35M | $36M | $38M | $39M | $41M |
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying GATX stock.
GATX Corporation's current P/E ratio is 16.5x. The historical average is 16.4x. This places it at the 52th percentile of its historical range.
GATX Corporation's current EV/EBITDA is 11.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.8x.
GATX Corporation's return on equity (ROE) is 11.0%. The historical average is 11.9%.
Based on historical data, GATX Corporation is trading at a P/E of 16.5x. This is at the 52th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
GATX Corporation's current dividend yield is 1.37% with a payout ratio of 26.9%.
GATX Corporation has 48.6% gross margin and 30.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
GATX Corporation's Debt/EBITDA ratio is 13.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Elevated leverage and renewal dependence
Metrics are mathematically derived from official filings.
Forward Multiples Imply Repricing Expectations
GATX trades at 20.44 trailing P/E but 18.18 forward P/E and 8.96 forward EV/EBITDA versus 14.64 trailing, which, based on reported multiples, suggests the market expects earnings to step up as renewal repricing flows through the fleet.
The gap between trailing and forward EV/EBITDA is wide, which implies consensus anticipates a material earnings uplift rather than a steady-state profile. A PEG of 1.21 suggests the growth embedded in the price is only modestly ahead of earnings growth, so the stock does not appear to be priced for aggressive expansion. Investors should monitor whether the forward estimates hold, since the valuation depends heavily on sustained lease-rate increases and high utilization.
Debt Burden Sits Elevated Against Thin Equity
Based on GATX's reported figures, debt-to-equity has held between 3.32 and 3.61 across ten quarters and reached 3.41 in the latest period, with interest coverage ranging from 0.33 to 2.04, a level that warrants close monitoring.
Leverage of this magnitude is typical for an asset-heavy lessor, but the thin interest coverage in several quarters suggests debt service has at times consumed a large share of operating earnings. The latest coverage of 1.70 indicates some improvement from the weakest quarters but leaves limited cushion against a rise in borrowing costs. Investors should watch whether coverage stabilizes above recent troughs, as this would signal that refinancing risk is being contained.
Low ROE Reflects Heavy Asset Base
As reported in the quarterly figures, GATX's ROE has ranged from 1.9% to 3.7% and ROIC from 0.8% to 1.0%, suggesting returns on invested capital remain thin despite strong gross margins near 47%.
The gap between gross margin and ROIC indicates that the large capital base absorbs most of the operating spread, which is consistent with a leasing model where asset ownership cost is substantial. ROIC has been essentially flat, implying the company is neither compounding nor decaying returns meaningfully over this window. Investors should monitor whether asset disposition gains and equity affiliate income continue to lift returns, as organic ROIC alone appears modest.
Cash Position Volatile Across Quarters
According to reported balance sheets, GATX's current ratio swung between 1.09 and 4.74 over the period and stood at 2.13 in the latest quarter, indicating liquidity that is substantial on average but uneven from quarter to quarter.
The wide swings in the current ratio and cash balance suggest liquidity is driven by the timing of asset sales and financing flows rather than a stable operating buffer. Quick and current ratios are identical, consistent with a business where inventory is not a meaningful component of current assets. Under a severe stress scenario, the reliance on lumpy cash inflows could leave the company exposed during a quarter with weak disposition activity, which investors should weigh.
Working Capital Metrics Lack Full Visibility
Based on the supplied data, DSO remains near 43 to 54 days and DPO ranges from 78 to 110 days, but cash conversion cycle figures are largely unavailable, limiting conclusions about supplier and customer leverage.
The most commonly misapplied metric for a lessor is asset turnover, since it treats fleet capital as operating working capital and penalizes long-lived assets that generate returns over decades. Asset turnover of roughly 0.03 per quarter is therefore less informative than lease yield on fleet cost or residual value realization. Investors should instead focus on renewal rate spread and utilization, which better capture the economics of the leased fleet.