GATX Corporation (GATX)

Pretax margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	344,200	332,000	287,100	313,200	317,900	309,900	285,700	210,100	210,700	224,100	235,800	249,600	196,300	144,000	149,200	174,100	188,600	229,500	224,400	261,700
Revenue (ttm)	US$ in thousands	1,585,500	1,540,700	1,495,400	1,451,900	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
Pretax margin		21.71%	21.55%	19.20%	21.57%	22.53%	22.70%	21.55%	16.22%	16.55%	17.63%	18.66%	19.68%	15.61%	11.60%	12.11%	14.32%	15.60%	19.05%	18.71%	21.88%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $344,200K ÷ $1,585,500K
= 21.71%

The pretax margin of GATX Corporation has shown some fluctuations over the past few years, ranging from a low of 11.60% in September 2021 to a high of 22.70% in September 2023. Overall, the trend has been relatively stable, with some variations quarter by quarter. The pretax margin indicates the percentage of revenue that remains as pre-tax profit after deducting operating expenses. A higher pretax margin is generally favorable as it suggests the company is more efficient at controlling costs and generating profit from its operations. GATX Corporation's pretax margin has generally been healthy, hovering around the range of 15% to 22% in recent quarters, reflecting a reasonable level of profitability. However, investors and analysts should continue to monitor this metric to ensure sustained financial performance and operational efficiency.