Financial Data of Business Segments (Tables)

3 Months Ended

Mar. 31, 2026

The following tables show certain segment data for each of our business segments (in millions):


	Rail North America		Rail International		Engine Leasing		Other		GATX Consolidated
Three Months Ended March 31, 2026
Revenues
Lease revenue	$	400.7	$	100.4	$	9.5	$	8.1	$	518.7
Non-dedicated engine revenue	—		—		22.1		—		22.1
Other revenue	36.0		4.8		—		2.1		42.9
Total Revenues	436.7		105.2		31.6		10.2		583.7
Expenses
Maintenance expense	120.6		19.1		—		1.0		140.7
Depreciation expense	126.7		27.8		10.6		4.1		169.2
Operating lease expense	7.4		—		—		—		7.4
Other operating expense	13.1		5.3		3.1		0.3		21.8
Total Expenses	267.8		52.2		13.7		5.4		339.1
Other Income (Expense)
Net gain on asset dispositions	49.8		1.1		—		0.1		51.0
Interest (expense) income, net	(114.0)		(25.0)		(13.3)		1.3		(151.0)
Other (expense) income	(0.8)		2.5		3.1		1.4		6.2
Share of affiliates' pre-tax earnings	—		—		27.6		—		27.6
Segment Profit	$	103.9	$	31.6	$	35.3	$	7.6	$	178.4
Less:
Selling, general and administrative expense									71.3
Income taxes (includes $6.8 related to affiliates' earnings)									28.0
Net Income									$	79.1
Less: Net Loss Attributable to Non-Controlling Interest									(6.4)
Net Income Attributable to GATX									$	85.5

Net Gain on Asset Dispositions
Asset Remarketing Income:
Net gains on disposition of owned assets	$	44.0	$	—	$	—	$	0.1	$	44.1
Residual sharing income	0.1		—		—		—		0.1
Non-remarketing net gains (1)	7.4		1.1		—		—		8.5
Asset impairments	(1.7)		—		—		—		(1.7)
	$	49.8	$	1.1	$	—	$	0.1	$	51.0

Capital Expenditures
Portfolio investments and capital additions	$	4,464.2	$	47.4	$	0.2	$	8.2	$	4,520.0

Selected Balance Sheet Data at March 31, 2026
Investments in affiliated companies	$	—	$	—	$	752.4	$	—	$	752.4
Identifiable assets	$	12,270.1	$	2,812.6	$	1,836.6	$	1,024.9	$	17,944.2

_________

(1) Includes net gains from scrapping of railcars.


	Rail North America		Rail International		Engine Leasing		Other		GATX Consolidated
Three Months Ended March 31, 2025
Revenues
Lease revenue	$	260.0	$	83.6	$	8.1	$	7.9	$	359.6
Non-dedicated engine revenue	—		—		21.5		—		21.5
Other revenue	33.3		4.9		—		2.3		40.5
Total Revenues	293.3		88.5		29.6		10.2		421.6
Expenses
Maintenance expense	83.7		18.5		—		1.3		103.5
Depreciation expense	70.4		20.1		9.4		3.7		103.6
Operating lease expense	7.6		—		—		—		7.6
Other operating expense	7.5		4.6		2.8		1.1		16.0
Total Expenses	169.2		43.2		12.2		6.1		230.7
Other Income (Expense)
Net gain on asset dispositions	32.1		1.3		—		—		33.4
Interest (expense) income, net	(64.7)		(19.1)		(12.2)		1.1		(94.9)
Other (expense) income	(2.7)		(1.8)		—		1.8		(2.7)
Share of affiliates' pre-tax earnings	—		—		33.4		—		33.4
Segment profit	$	88.8	$	25.7	$	38.6	$	7.0	$	160.1
Less:
Selling, general and administrative expense									56.6
Income taxes (includes $8.3 related to affiliates' earnings)									24.9







Net Income									$	78.6
Less: Net Income Attributable to Non-Controlling Interest									—
Net Income Attributable to GATX									$	78.6

Net Gain on Asset Dispositions
Asset Remarketing Income:
Net gains on disposition of owned assets	$	30.5	$	0.6	$	—	$	—	$	31.1
Residual sharing income	0.1		—		—		—		0.1
Non-remarketing net gains (1)	5.1		0.7		—		—		5.8
Asset impairments	(3.6)		—		—		—		(3.6)
	$	32.1	$	1.3	$	—	$	—	$	33.4

Capital Expenditures
Portfolio investments and capital additions	$	227.7	$	62.7	$	—	$	5.9	$	296.3

Selected Balance Sheet Data at December 31, 2025
Investments in affiliated companies	$	—	$	—	$	732.3	$	—	$	732.3
Identifiable assets	$	12,235.5	$	2,919.0	$	1,831.6	$	1,013.4	$	17,999.5

_________

(1) Includes net gains from scrapping of railcars.