GATX Corporation (GATX)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	259,200	155,900	143,100	151,300	211,200
Total stockholders’ equity	US$ in thousands	2,273,000	2,029,600	2,019,200	1,957,400	1,835,100
ROE		11.40%	7.68%	7.09%	7.73%	11.51%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $259,200K ÷ $2,273,000K
= 11.40%

Looking at the return on equity (ROE) of GATX Corp. over the past five years, there has been some fluctuation in this metric.

In 2023, the ROE increased to 11.40% from 7.68% in 2022. This indicates that the company generated more profit relative to shareholder equity in 2023 compared to the previous year, which could be a positive sign of improved efficiency and profitability.

In 2021 and 2020, the ROE was relatively stable at 7.09% and 7.73% respectively. This suggests that the company's performance in these years was consistent in terms of generating returns for shareholders.

The ROE was highest in 2019 at 11.51%, indicating a peak in profitability and efficiency that year. This could be due to various factors such as better cost management, higher revenue, or improved asset utilization.

Overall, while there has been some variation in the ROE of GATX Corp. over the past five years, the recent increase in 2023 may indicate positive developments in the company's financial performance and ability to generate returns for its shareholders.