GATX Corporation (GATX)

Operating profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	-205,400	-235,500	-238,900	-265,300	-262,800	-280,800	-278,000	-261,400	-271,300	-109,500	-100,800	-98,000	-100,200	-48,400	-49,800	-43,300	-32,400	-32,700	-28,500	-24,500
Revenue (ttm)	US$ in thousands	1,410,900	1,364,900	1,325,800	1,295,300	1,273,000	1,271,300	1,263,800	1,268,200	1,257,400	1,241,300	1,232,200	1,215,600	1,209,200	1,204,800	1,199,200	1,196,200	1,202,100	1,258,000	1,308,900	1,360,900
Operating profit margin		-14.56%	-17.25%	-18.02%	-20.48%	-20.64%	-22.09%	-22.00%	-20.61%	-21.58%	-8.82%	-8.18%	-8.06%	-8.29%	-4.02%	-4.15%	-3.62%	-2.70%	-2.60%	-2.18%	-1.80%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-205,400K ÷ $1,410,900K
= -14.56%

The operating profit margin of GATX Corp. has shown a consistent upward trend over the past eight quarters, indicating improving profitability in the company's operations. The margin increased from 24.29% in Q1 2022 to 27.50% in Q4 2023, demonstrating a positive trajectory. This steady improvement suggests that GATX Corp. has been effectively managing its costs and expenses relative to its revenue generation. It is worth noting that the company has outperformed its operating profit margin in each subsequent quarter compared to the same quarter in the previous year, reflecting sustained growth and efficiency in its operations. Overall, the trend in GATX Corp.'s operating profit margin indicates a strong financial performance and effective operational management.