Forensic Analysis · Transportation / Logistics · as of Sep 24, 2026
Gatx Corp (GATX)
A forensic read on Gatx Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Clean
Earnings quality
3
Forensic signals
17.1
P / E (ttm)
12.1%
ROE
$6.6B
Market cap
1.99%
Dividend yield
9.8%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Gatx Corp earns a D (Weak — demands caution) forensic quality grade. 3 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+39.6%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +39.6% relative to their own average in FY2025 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building sharply — a large slice of profit sits in operating assets, not cash. An accrual is a claim that still has to be collected or written down, so the gap resolves in a later period whichever way it goes. The build is led by PP&E up +9% against revenue +10%. A cash-flow measure on the same base disagrees: reported earnings ran in line with operating cash by 2% of net operating assets, against an accruals ratio of 39.6%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average. Read them as two results, not one.
3.6%
FY2025
Return on invested capital.Return on invested capital is 3.6% in the latest fiscal year and steady across FY2023–FY2025, inside a 0.9-point range. The capital base behind it grew +57% across FY2023–FY2025, from $9.3B to $14.5B, while the return fell 0.6 points, so the dollars added over that window earned less than the 4% the older base was already earning.
+0.3%/yr
FY2023–FY2025
Share count.Diluted share count changed +1% over the last 2 years to FY2025 (+0.3%/yr). Roughly flat — buybacks ($65M) are about offsetting stock comp ($25M), not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.
Key fundamentals
Latest Revenue$1.74B
Revenue Growth YoY+9.8%
Revenue CAGR (2yr)+11.1%
Net Margin19.2%
Return on Equity12.1%
Debt / Equity4.56x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Gatx Corp's actual 10-K/10-Q/8-K filings?