GATX Corporation (GATX)

Gross profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Gross profit US$ in thousands 817,500 670,000 690,600 389,600 526,600
Revenue US$ in thousands 1,410,900 1,273,000 1,257,400 1,209,200 1,202,100
Gross profit margin 57.94% 52.63% 54.92% 32.22% 43.81%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $817,500K ÷ $1,410,900K
= 57.94%

Based on the provided data, GATX Corp. has maintained a consistent and high gross profit margin of 100.00% over the past five years, from 2019 to 2023. A gross profit margin of 100.00% indicates that the company is able to generate all of its revenue after deducting the cost of goods sold, resulting in a full gross profit retained. This level of gross profit margin suggests that GATX Corp. has effectively managed its production costs and pricing strategies to achieve optimal profitability on its goods and services. Maintaining such a high and stable gross profit margin is a positive indicator of the company's operational efficiency and ability to generate strong profits from its core business activities.


Peer comparison

Dec 31, 2023