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GATX GATX Rail North America — Depreciation expense

Other segment segments

Rail International
$27.8M+38.3%
Portfolio Management
$10.6M
Other
$4.1M+10.8%

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Other financials

Income statement

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Revenue$583.7M+38.4%
Net income$85.5M+8.8%
EPS (diluted)$2.35+9.3%

Balance sheet

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Cash & equivalents$740.9M-2.2%
Total debt$12.7B+40.4%
Total equity$2.8B+9.0%
Total assets$17.9B+38.4%

Cash flow

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Operating cash flow$199.1M+60.3%
CapEx$416.3M+32.6%
Free cash flow-$286.2M-58.5%

Valuation

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Market cap$6.29B+9.5%
Enterprise value$18.23B+30.3%
P/E18.5×-1.4×
P/S3.3×-0.2×

Profitability

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Net margin17.9%+0.2pp
FCF margin-81.1%+61.1pp

Returns & leverage

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Return on equity12.8%+0.9pp
Debt / equity4.6×+1.0×

Where this comes from

Reported directly by GATX in its filing.

Tagged under the XBRL concept gmt:DepreciationProduction.

The official record: GATX’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is GATX's rail north america — depreciation expense?
GATX (GATX) reported rail north america — depreciation expense of $126.7M in Q1 2026.
How has GATX's rail north america — depreciation expense changed year-over-year?
GATX's rail north america — depreciation expense increased by 80.0% year-over-year, from $70.4M to $126.7M.
What is the long-term trend for GATX's rail north america — depreciation expense?
Over 3 years (2022 to 2025), GATX's rail north america — depreciation expense has grown at a 3.4% compound annual growth rate (CAGR), from $258.6M to $285.7M.
What does rail north america — depreciation expense mean?
The systematic allocation of the cost of tangible rail assets over their estimated useful lives. This non-cash expense reflects the capital-intensive nature of the rail leasing business and the ongoing consumption of the asset base.