GATX Corporation (GATX)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 344,200 | 317,900 | 210,700 | 196,300 | 188,600 |
| Revenue | US$ in thousands | 1,585,500 | 1,410,900 | 1,273,000 | 1,257,400 | 1,209,200 |
| Pretax margin | 21.71% | 22.53% | 16.55% | 15.61% | 15.60% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $344,200K ÷ $1,585,500K
= 21.71%
The pretax margin of GATX Corporation has shown a favorable trend over the period from December 31, 2020, to December 31, 2024. The margin increased consistently from 15.60% in 2020 to 21.71% in 2024, with fluctuations in between. This indicates that the company has been effectively managing its expenses relative to its revenue, leading to improved profitability before taxes. The jump in the pretax margin from 2022 to 2023 is particularly noteworthy, showing a significant increase from 16.55% to 22.53%. Overall, the trend suggests that GATX Corporation has been enhancing its operational efficiency and cost management, resulting in a stronger pretax margin performance over the years.
Peer comparison
Dec 31, 2024