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The Greenbrier Companies, Inc. (GBX) 10-Year Financial Performance & Capital Metrics

GBX • • Industrial / General
IndustrialsRailroadsRailcar ManufacturingFreight Railcar Manufacturers
AboutThe Greenbrier Companies, Inc. designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. It operates through three segments: Manufacturing; Wheels, Repair & Parts; and Leasing & Services. The Manufacturing segment offers conventional railcars, such as covered hopper cars, boxcars, center partition cars, and bulkhead flat cars; tank cars; double-stack intermodal railcars; auto-max and multi-max products for the transportation of light vehicles; pressurized tank cars, non-pressurized tank cars, flat cars, coil cars, gondolas, sliding wall cars, and automobile transporter cars; and marine vessels. The Wheels, Repair & Parts segment provides wheel services, including reconditioning of wheels and axles, new axle machining and finishing, and downsizing; operates a railcar repair, refurbishment, and maintenance network; and reconditions and manufactures railcar cushioning units, couplers, yokes, side frames, bolsters, and various other parts, as well as produces roofs, doors, and associated parts for boxcars. The Leasing & Services segment offers operating leases and 'per diem' leases for a fleet of approximately 8,800 railcars; and management services comprising railcar maintenance management, railcar accounting services, fleet management and logistics, administration, and railcar remarketing. This segment owns or provides management services to a fleet of approximately 444,000 railcars for railroads, shippers, carriers, institutional investors, and other leasing and transportation companies. The company serves railroads, leasing companies, financial institutions, shippers, carriers, and transportation companies. The Greenbrier Companies, Inc. was founded in 1974 and is headquartered in Lake Oswego, Oregon.Show more
  • Revenue $3.23B -8.7%
  • EBITDA $459M +8.8%
  • Net Income $204M +27.5%
  • EPS (Diluted) 6.35 +28.0%
  • Gross Margin 18.57% +18.8%
  • EBITDA Margin 14.18% +19.1%
  • Operating Margin 10.43% +20.6%
  • Net Margin 6.31% +39.6%
  • ROE 12.33% +17.2%
  • ROIC 7.61% +3.5%
  • Debt/Equity 1.06 -23.1%
  • Interest Coverage 3.67 +12.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 33.0%
  • ✓Strong Piotroski F-Score: 8/9
  • ✓12 consecutive years of dividend growth
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy dividend yield of 2.5%
  • ✓Trading at only 0.9x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.2%
5Y2.98%
3Y2.78%
TTM-15.02%

Profit (Net Income) CAGR

10Y0.57%
5Y33.04%
3Y63.26%
TTM0.54%

EPS CAGR

10Y0.69%
5Y34.18%
3Y65.53%
TTM0.7%

ROCE

10Y Avg9.73%
5Y Avg6.01%
3Y Avg8.47%
Latest9.13%

Peer Comparison

Freight Railcar Manufacturers
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
TRNTrinity Industries, Inc.2.24B27.9517.043.21%4.39%7.63%4.44
GBXThe Greenbrier Companies, Inc.1.49B48.407.62-8.66%6.04%10.67%1.06
RAILFreightCar America, Inc.218.84M11.47-3.6856.22%17.4%18.24%

Profit & Loss

Aug 2016Aug 2017Aug 2018Aug 2019Aug 2020Aug 2021Aug 2022Aug 2023Aug 2024Aug 2025
Sales/Revenue+2.68B2.18B2.52B3.03B2.79B1.75B2.98B3.94B3.54B3.23B
Revenue Growth %0.03%-0.19%0.16%0.2%-0.08%-0.37%0.7%0.32%-0.1%-0.09%
Cost of Goods Sold+2.11B1.73B2.1B2.67B2.44B1.52B2.67B3.5B2.99B2.63B
COGS % of Revenue0.79%0.8%0.83%0.88%0.87%0.87%0.9%0.89%0.84%0.81%
Gross Profit+572.31M445.02M419.11M366M354.61M232.29M305.6M442.1M553.1M600.4M
Gross Margin %0.21%0.2%0.17%0.12%0.13%0.13%0.1%0.11%0.16%0.19%
Gross Profit Growth %0.07%-0.22%-0.06%-0.13%-0.03%-0.34%0.32%0.45%0.25%0.09%
Operating Expenses+177.68M188.09M212.37M213.31M204.71M191.81M225.2M235.3M247.1M263.3M
OpEx % of Revenue0.07%0.09%0.08%0.07%0.07%0.11%0.08%0.06%0.07%0.08%
Selling, General & Admin155.98M166.41M194.44M207.91M198.91M185.51M219.8M231.3M241.9M257.8M
SG&A % of Revenue0.06%0.08%0.08%0.07%0.07%0.11%0.07%0.06%0.07%0.08%
Research & Development2.7M4.2M6M5.4M5.8M6.3M5.4M4M5.2M5.5M
R&D % of Revenue0%0%0%0%0%0%0%0%0%0%
Other Operating Expenses19M17.48M11.93M0000000
Operating Income+394.63M256.93M206.74M152.69M149.9M40.48M80.4M206.8M306M337.1M
Operating Margin %0.15%0.12%0.08%0.05%0.05%0.02%0.03%0.05%0.09%0.1%
Operating Income Growth %0.03%-0.35%-0.2%-0.26%-0.02%-0.73%0.99%1.57%0.48%0.1%
EBITDA+457.98M322.06M281.1M234.59M259.1M141.19M182.4M313.1M421.6M458.6M
EBITDA Margin %0.17%0.15%0.11%0.08%0.09%0.08%0.06%0.08%0.12%0.14%
EBITDA Growth %0.07%-0.3%-0.13%-0.17%0.1%-0.46%0.29%0.72%0.35%0.09%
D&A (Non-Cash Add-back)63.34M65.13M74.36M81.9M109.2M100.72M102M106.3M115.6M121.5M
EBIT411.18M264.02M255.32M184.54M164.62M30.74M111.7M205.8M334.7M396.3M
Net Interest Income+-17.27M-23.52M-30.95M-32.26M-42.4M-44.7M-55.7M-79.2M-93.9M-91.8M
Interest Income0000000000
Interest Expense17.27M23.52M30.95M32.26M42.4M44.7M55.7M79.2M93.9M91.8M
Other Income/Expense2.51M-32.45M-1.78M-5.29M-22.13M-45.56M-8.5M-106.6M-71.3M-32.6M
Pretax Income+397.15M224.48M204.96M147.4M127.77M-5.09M71.9M100.2M234.7M304.5M
Pretax Margin %0.15%0.1%0.08%0.05%0.05%-0%0.02%0.03%0.07%0.09%
Income Tax+112.32M64.01M32.89M41.59M40.18M-40.22M18.1M24.6M62M91.4M
Effective Tax Rate %0.46%0.52%0.74%0.48%0.38%-6.38%0.65%0.62%0.68%0.67%
Net Income+183.21M116.07M151.78M71.08M48.97M32.48M46.9M62.5M160.1M204.1M
Net Margin %0.07%0.05%0.06%0.02%0.02%0.02%0.02%0.02%0.05%0.06%
Net Income Growth %-0.05%-0.37%0.31%-0.53%-0.31%-0.34%0.44%0.33%1.56%0.27%
Net Income (Continuing)284.82M160.46M172.06M105.81M87.59M35.13M53.8M75.6M172.7M213.1M
Discontinued Operations0000000000
Minority Interest142.52M196.91M163.88M196.53M211.13M198.39M179.9M211.2M202.2M201M
EPS (Diluted)+5.733.654.682.141.460.961.401.884.966.35
EPS Growth %-0.03%-0.36%0.28%-0.54%-0.32%-0.34%0.46%0.34%1.64%0.28%
EPS (Basic)6.283.974.922.181.500.991.441.955.156.55
Diluted Shares Outstanding32.47M32.56M32.84M33.16M33.44M33.66M33.63M33.8M32.36M32.14M
Basic Shares Outstanding29.16M29.23M30.86M32.62M32.67M32.65M32.57M31.98M31.1M32.14M
Dividend Payout Ratio0.13%0.21%0.2%0.47%0.72%1.1%0.76%0.58%0.24%0.19%

Balance Sheet

Aug 2016Aug 2017Aug 2018Aug 2019Aug 2020Aug 2021Aug 2022Aug 2023Aug 2024Aug 2025
Total Current Assets+845.28M1.3B1.32B1.38B1.61B1.66B1.92B1.7B1.71B1.59B
Cash & Short-Term Investments246.96M620.36M539.47M338.49M833.75M671.4M559.1M302.7M351.8M326.4M
Cash Only246.96M620.36M539.47M338.49M833.75M671.4M559.1M302.7M351.8M326.4M
Short-Term Investments0000000000
Accounts Receivable232.52M279.96M348.41M373.32M239.04M418.54M541M572.1M568.9M571.3M
Days Sales Outstanding31.6646.9650.5144.9331.2587.3666.352.9758.6664.49
Inventory365.81M400.13M432.31M664.69M529.53M573.59M815.3M823.6M770.9M688.3M
Days Inventory Outstanding63.3384.3775.290.9779.3138.06111.3485.8994.2195.42
Other Current Assets-14.89M-16.91M-18.93M-15.69M-10.03M-26.7M-32.4M-56.4M16.8M0
Total Non-Current Assets+990.49M1.1B1.15B1.61B1.56B1.73B1.94B2.28B2.55B2.77B
Property, Plant & Equipment781.19M835.23M910.98M1.27B1.23B1.37B1.58B1.88B2.15B2.37B
Fixed Asset Turnover3.43x2.61x2.76x2.39x2.27x1.28x1.88x2.10x1.65x1.37x
Goodwill43.27M68.59M78.21M129.95M130.31M132.11M127.3M128.9M128.5M130M
Intangible Assets29.02M40.62M43.96M73.44M62.89M55.3M49.7M41.4M33.8M27.2M
Long-Term Investments114.55M129.23M87.71M119.78M108.1M127.55M132.8M136.4M141.8M158.7M
Other Non-Current Assets22.48M23.58M24.41M23.97M29.3M40.68M44.9M63M56.8M51.5M
Total Assets+1.84B2.4B2.47B2.99B3.17B3.39B3.85B3.98B4.25B4.36B
Asset Turnover1.46x0.91x1.02x1.01x0.88x0.52x0.77x0.99x0.83x0.74x
Asset Growth %0.03%0.31%0.03%0.21%0.06%0.07%0.14%0.03%0.07%0.02%
Total Current Liabilities+369.75M419.38M477.58M595.48M750.9M899.4M965.3M968.4M665.4M566.8M
Accounts Payable182.33M180.59M226.41M302.01M148.97M265.12M401.5M396.8M370.7M264M
Days Payables Outstanding31.5738.0839.3841.3322.3163.8154.8341.3845.336.6
Short-Term Debt04.32M27.73M27.11M351.53M372.2M296.6M297.1M351.6M0
Deferred Revenue (Current)1000K1000K1000K1000K1000K00000
Other Current Liabilities-95.72M-129.26M-105.95M-85.07M-106.98M000-351.6M0
Current Ratio2.29x3.10x2.76x2.31x2.15x1.85x1.98x1.75x2.57x2.80x
Quick Ratio1.30x2.15x1.86x1.20x1.44x1.21x1.14x0.90x1.41x1.58x
Cash Conversion Cycle63.4293.2586.3394.5688.24161.61122.8197.48107.57123.32
Total Non-Current Liabilities+449.19M763.28M573.9M921.9M918.76M985.2M1.43B1.54B2.01B2.06B
Long-Term Debt301.85M558.23M436.2M822.88M804.09M826M1.27B1.31B1.76B1.75B
Capital Lease Obligations000064.51M42.6M56.4M72.2M66M84.9M
Deferred Tax Liabilities51.62M75.79M31.74M13.95M7.7M73.25M68.6M114.1M130.1M180.2M
Other Non-Current Liabilities0000000000
Total Liabilities818.95M1.18B1.05B1.52B1.67B1.88B2.39B2.51B2.68B2.63B
Total Debt+301.85M562.55M463.93M850M1.28B1.24B1.62B1.68B2.17B1.84B
Net Debt54.9M-57.81M-75.54M511.51M450.89M569.85M1.06B1.38B1.82B1.51B
Debt / Equity0.30x0.46x0.33x0.58x0.85x0.82x1.11x1.15x1.38x1.06x
Debt / EBITDA0.66x1.75x1.65x3.62x4.96x8.79x8.89x5.37x5.16x4.00x
Net Debt / EBITDA0.12x-0.18x-0.27x2.18x1.74x4.04x5.83x4.40x4.32x3.29x
Interest Coverage22.85x10.92x6.68x4.73x3.54x0.91x1.44x2.61x3.26x3.67x
Total Equity+1.02B1.22B1.41B1.47B1.5B1.51B1.46B1.47B1.58B1.73B
Equity Growth %0.18%0.19%0.16%0.04%0.02%0%-0.03%0.01%0.08%0.1%
Book Value per Share31.3237.3143.0644.4244.9844.7443.3243.3748.7753.93
Total Shareholders' Equity874.31M1.02B1.25B1.28B1.29B1.31B1.28B1.25B1.38B1.53B
Common Stock0000000000
Retained Earnings618.18M709.1M830.9M867.6M885.46M881.74M897.7M897.5M1.03B1.2B
Treasury Stock0000000000
Accumulated OCI-26.75M-6.28M-23.37M-44.81M-52.82M-43.71M-45.6M-7.3M-34M-31.2M
Minority Interest142.52M196.91M163.88M196.53M211.13M198.39M179.9M211.2M202.2M201M

Cash Flow

Aug 2016Aug 2017Aug 2018Aug 2019Aug 2020Aug 2021Aug 2022Aug 2023Aug 2024Aug 2025
Cash from Operations+337.17M280.94M108M-19.14M284.95M-35.17M-146.9M78M332.5M265.7M
Operating CF Margin %0.13%0.13%0.04%-0.01%0.1%-0.02%-0.05%0.02%0.09%0.08%
Operating CF Growth %0.75%-0.17%-0.62%-1.18%15.88%-1.12%-3.18%1.53%3.26%-0.2%
Net Income183.21M116.07M151.78M71.08M48.97M32.48M46.9M62.5M160.1M204.1M
Depreciation & Amortization63.34M65.13M74.36M81.9M109.2M100.72M102M106.3M115.6M121.5M
Stock-Based Compensation0000000000
Deferred Taxes-8.94M4.38M-40.5M-20.23M-9.49M51.1M12.9M7.2M16.8M42.1M
Other Non-Cash Items116.44M62.45M18.61M30.88M49.04M39.52M-5.9M73.5M27.2M1.5M
Working Capital Changes-16.89M32.92M-96.25M-182.78M87.24M-258.99M-302.8M-171.5M12.8M-103.5M
Change in Receivables-32.05M-25.27M-83.55M13.02M135.33M-185.14M-125.9M-17M6.3M-4.4M
Change in Inventory53.71M-2.79M-26.59M-143.17M166.61M-166.49M-267.9M-17.2M50M62M
Change in Payables-91.43M-30.64M54.03M55.91M-108.84M109.92M165.3M16.3M-63.5M-67M
Cash from Investing+-55.71M-129.68M-84.95M-446.08M14.79M-123.11M-227.5M-286.8M-323.3M-203.1M
Capital Expenditures-139.01M-86.06M-176.85M-198.23M-66.88M-139.01M-380.7M-362.1M-398.3M-280.4M
CapEx % of Revenue0.05%0.04%0.07%0.07%0.02%0.08%0.13%0.09%0.11%0.09%
Acquisitions----------
Investments----------
Other Investing-7.55M000000000
Cash from Financing+-227.41M209.64M-89.27M276.9M216.46M-22.74M244.9M-76.2M86.2M-101.7M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-23.3M-24.89M-29.91M-33.19M-35.17M-35.66M-35.8M-36.1M-38.4M-39.6M
Share Repurchases----------
Other Financing-97.43M-23.3M-66.53M-16.88M-39.03M-21.6M-16.9M-15.6M-14.4M-23.5M
Net Change in Cash----------
Free Cash Flow+196.35M194.87M-68.85M-217.38M218.07M-174.19M-527.6M-284.1M-65.8M-14.7M
FCF Margin %0.07%0.09%-0.03%-0.07%0.08%-0.1%-0.18%-0.07%-0.02%-0%
FCF Growth %1.27%-0.01%-1.35%-2.16%2%-1.8%-2.03%0.46%0.77%0.78%
FCF per Share6.055.98-2.10-6.556.52-5.17-15.69-8.41-2.03-0.46
FCF Conversion (FCF/Net Income)1.84x2.42x0.71x-0.27x5.82x-1.08x-3.13x1.25x2.08x1.30x
Interest Paid12.28M13.96M18.88M18.33M31.7M28.1M45.1M70M85.7M82.2M
Taxes Paid-125.45M45.28M66.42M62.08M60M11.1M55M23M42.6M48.2M

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)19.49%10.4%11.55%4.92%3.29%2.16%3.17%4.28%10.52%12.33%
Return on Invested Capital (ROIC)27.78%17.29%12.43%6.89%5.71%1.51%2.62%5.78%7.35%7.61%
Gross Margin21.35%20.45%16.65%12.07%12.7%13.28%10.26%11.21%15.63%18.57%
Net Margin6.83%5.33%6.03%2.34%1.75%1.86%1.57%1.59%4.52%6.31%
Debt / Equity0.30x0.46x0.33x0.58x0.85x0.82x1.11x1.15x1.38x1.06x
Interest Coverage22.85x10.92x6.68x4.73x3.54x0.91x1.44x2.61x3.26x3.67x
FCF Conversion1.84x2.42x0.71x-0.27x5.82x-1.08x-3.13x1.25x2.08x1.30x
Revenue Growth3.02%-18.82%15.69%20.48%-7.95%-37.37%70.31%32.36%-10.21%-8.66%

Revenue by Segment

2016201720182019202020212022202320242025
Manufacturing6B4.84B2.04B--1.33B2.67B3.66B3.24B3.09B
Manufacturing Growth--19.29%-57.79%---100.62%37.35%-11.53%-4.70%
Leasing and Management Services-----119.66M155.3M181.1M233.3M-
Leasing and Management Services Growth------29.78%16.61%28.82%-
Maintenance Services-----298.33M26.4M36M49.7M-
Maintenance Services Growth-------91.15%36.36%38.06%-
Railcars For Syndication----236.1M-----
Railcars For Syndication Growth----------
Service---153M134.3M-----
Service Growth-----12.22%-----
Revenue Other---42.1M129.2M-----
Revenue Other Growth----206.89%-----
Wheels Repair And Parts--347.02M-------
Wheels Repair And Parts Growth----------
Leasing and Services751.58M359.97M127.86M-------
Leasing and Services Growth--52.11%-64.48%-------
Wheels And Parts1B944.55M--------
Wheels And Parts Growth--5.87%--------

Revenue by Geography

2016201720182019202020212022202320242025
UNITED STATES2.3B1.67B1.84B2.12B2.02B-2.45B3.24B2.79B2.43B
UNITED STATES Growth--27.12%9.93%14.94%-4.60%--31.94%-13.84%-12.78%
Foreign382.02M494.65M678.59M917.66M773.53M526.54M525.6M708.7M757.2M808.9M
Foreign Growth-29.48%37.19%35.23%-15.71%-31.93%-0.18%34.84%6.84%6.83%
U S-----1.22B----
U S Growth----------

Frequently Asked Questions

Valuation & Price

The Greenbrier Companies, Inc. (GBX) has a price-to-earnings (P/E) ratio of 7.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

The Greenbrier Companies, Inc. (GBX) reported $3.06B in revenue for fiscal year 2025. This represents a 69% increase from $1.81B in 2012.

The Greenbrier Companies, Inc. (GBX) saw revenue decline by 8.7% over the past year.

Yes, The Greenbrier Companies, Inc. (GBX) is profitable, generating $185.2M in net income for fiscal year 2025 (6.3% net margin).

Dividend & Returns

Yes, The Greenbrier Companies, Inc. (GBX) pays a dividend with a yield of 2.55%. This makes it attractive for income-focused investors.

The Greenbrier Companies, Inc. (GBX) has a return on equity (ROE) of 12.3%. This is reasonable for most industries.

The Greenbrier Companies, Inc. (GBX) generated $123.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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