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Financial Data of Business Segments (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Data
The following tables show certain segment data for each of our business segments (in millions):


Rail North America
Rail International
Engine Leasing
OtherGATX Consolidated
Three Months Ended September 30, 2025
Revenues
Lease revenue
$264.1 $94.2 $10.4 $8.4 $377.1 
Non-dedicated engine revenue— — 22.5 — 22.5 
Other revenue
32.4 5.2 — 2.1 39.7 
Total Revenues
296.5 99.4 32.9 10.5 439.3 
Expenses
Maintenance expense
93.1 18.1 — 1.3 112.5 
Depreciation expense
72.1 23.0 10.3 4.1 109.5 
Operating lease expense
7.1 — — — 7.1 
Other operating expense
8.2 4.8 2.9 0.9 16.8 
Total Expenses
180.5 45.9 13.2 6.3 245.9 
Other Income (Expense)
Net gain on asset dispositions
21.3 1.8 — — 23.1 
Interest (expense) income, net(64.9)(20.7)(12.7)0.1 (98.2)
Other (expense) income
(1.6)(0.2)— 8.3 6.5 
Share of affiliates' pre-tax (losses) earnings(0.1)— 53.4 — 53.3 
Segment profit
$70.7 $34.4 $60.4 $12.6 $178.1 
Less:
Selling, general and administrative expense
66.2 
Income taxes (includes $13.3 related to affiliates' earnings)
29.7 
Net income
$82.2 
Net Gain on Asset Dispositions
Asset Remarketing Income:
Net gains on disposition of owned assets
$16.4 $0.8 $— $— $17.2 
Residual sharing income
0.1 — — — 0.1 
Non-remarketing net gains (1)
4.8 1.0 — — 5.8 
$21.3 $1.8 $— $— $23.1 
Capital Expenditures
Portfolio investments and capital additions
$142.6 $66.1 $147.1 $5.9 $361.7 
Selected Balance Sheet Data at September 30, 2025
Investments in affiliated companies
$— $— $746.1 $— $746.1 
Identifiable assets
$7,886.6 $2,569.8 $1,848.2 $1,001.2 $13,305.8 
_________
(1)     Includes net gains from scrapping of railcars.


Rail North America

Rail International

Engine Leasing
OtherGATX Consolidated
Three Months Ended September 30, 2024
Revenues
Lease revenue
$249.2 $86.3 $8.1 $8.1 $351.7 
Non-dedicated engine revenue— — 18.1 — 18.1 
Other revenue
29.3 4.3 — 2.0 35.6 
Total Revenues
278.5 90.6 26.2 10.1 405.4 
Expenses
Maintenance expense
77.7 17.0 — 1.2 95.9 
Depreciation expense
69.2 20.3 10.1 3.8 103.4 
Operating lease expense
8.0 — — — 8.0 
Other operating expense
7.0 3.7 2.6 0.8 14.1 
Total Expenses
161.9 41.0 12.7 5.8 221.4 
Other Income (Expense)
Net gain on asset dispositions
46.7 1.7 — 0.1 48.5 
Interest (expense) income, net
(60.2)(18.5)(11.3)1.1 (88.9)
Other (expense) income
(0.8)1.1 0.1 (1.3)(0.9)
Share of affiliates' pre-tax earnings
0.1 — 35.2 — 35.3 
Segment profit
$102.4 $33.9 $37.5 $4.2 $178.0 
Less:
Selling, general and administrative expense
57.2 
Income taxes (includes $8.9 related to affiliates' earnings)
31.8 
Net income$89.0 
Net Gain on Asset Dispositions
Asset Remarketing Income:
Net gains on disposition of owned assets
$43.6 $1.2 $— $0.1 $44.9 
Residual sharing income
0.1 — — — 0.1 
Non-remarketing net gains (1)
3.0 0.5 — — 3.5 
$46.7 $1.7 $— $0.1 $48.5 
Capital Expenditures
Portfolio investments and capital additions
$325.9 $80.6 $94.8 $3.2 $504.5 
Selected Balance Sheet Data at December 31, 2024
Investments in affiliated companies
$0.2 $— $663.1 $— $663.3 
Identifiable assets
$7,751.6 $2,233.3 $1,653.4 $658.2 $12,296.5 
_________
(1)     Includes net gains from scrapping of railcars.


Rail North America

Rail International

Engine Leasing
OtherGATX Consolidated
Nine Months Ended September 30, 2025
Revenues
Lease revenue
$786.9 $267.4 $26.6 $24.6 $1,105.5 
Non-dedicated engine revenue— — 64.5 — 64.5 
Other revenue
98.6 16.3 — 6.5 121.4 
Total Revenues
885.5 283.7 91.1 31.1 1,291.4 
Expenses
Maintenance expense
261.1 55.5 — 3.9 320.5 
Depreciation expense
214.2 64.8 29.2 11.8 320.0 
Operating lease expense
21.8 — — — 21.8 
Other operating expense
23.5 14.3 8.6 2.9 49.3 
Total Expenses
520.6 134.6 37.8 18.6 711.6 
Other Income (Expense)
Net gain on asset dispositions
92.5 4.5 — — 97.0 
Interest (expense) income, net
(194.0)(59.8)(36.5)1.0 (289.3)
Other (expense) income
(7.1)(1.5)0.1 11.2 2.7 
Share of affiliates' pre-tax (losses) earnings(0.2)— 109.4 — 109.2 
Segment profit
$256.1 $92.3 $126.3 $24.7 $499.4 
Less:
Selling, general and administrative expense
181.0 
Income taxes (includes $28.1 related to affiliates' earnings)
82.1 
Net income$236.3 
Net Gain on Asset Dispositions
Asset Remarketing Income:
Net gains on disposition of owned assets
$81.0 $1.4 $— $— $82.4 
Residual sharing income
0.4 — — — 0.4 
Non-remarketing net gains (1)
14.7 3.1 — — 17.8 
Asset impairments
(3.6)— — — (3.6)
$92.5 $4.5 $— $— $97.0 
Capital Expenditures
Portfolio investments and capital additions
$502.5 $209.9 $147.1 $17.5 $877.0 
_________
(1)     Includes net gains from scrapping of railcars.


Rail North America

Rail International

Engine Leasing
OtherGATX Consolidated
Nine Months Ended September 30, 2024
Revenues
Lease revenue
$727.8 $248.9 $24.3 $23.6 $1,024.6 
Non-dedicated engine revenue— — 45.0 — 45.0 
Other revenue
86.1 10.6 — 5.7 102.4 
Total Revenues
813.9 259.5 69.3 29.3 1,172.0 
Expenses
Maintenance expense
228.0 52.7 — 3.2 283.9 
Depreciation expense
201.1 58.6 27.1 11.1 297.9 
Operating lease expense
26.0 — — — 26.0 
Other operating expense
20.1 10.8 7.0 3.6 41.5 
Total Expenses
475.2 122.1 34.1 17.9 649.3 
Other Income (Expense)
Net gain on asset dispositions
105.8 3.7 0.6 0.2 110.3 
Interest (expense) income, net
(169.9)(52.7)(30.3)3.4 (249.5)
Other (expense) income
(3.2)0.8 0.3 (8.8)(10.9)
Share of affiliates' pre-tax earnings
0.1 — 75.8 — 75.9 
Segment profit
$271.5 $89.2 $81.6 $6.2 $448.5 
Less:
Selling, general and administrative expense
171.7 
Income taxes (includes $17.2 related to affiliates' earnings)
69.1 
Net income$207.7 
Net Gain on Asset Dispositions
Asset Remarketing Income:
Net gains on disposition of owned assets
$96.3 $1.3 $0.6 $0.2 $98.4 
Residual sharing income
0.3 — — — 0.3 
Non-remarketing net gains (1)
9.2 2.4 — — 11.6 
$105.8 $3.7 $0.6 $0.2 $110.3 
Capital Expenditures
Portfolio investments and capital additions
$955.7 $190.1 $166.1 $13.2 $1,325.1