The following tables show certain segment data for each of our business segments (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Rail North America | | Rail International | | Engine Leasing | | Other | | GATX Consolidated | | Three Months Ended June 30, 2026 | | | | | | | | | Revenues | | | | | | | | | | Lease revenue | $ | 391.0 | | | $ | 100.3 | | | $ | 8.8 | | | $ | 8.3 | | | $ | 508.4 | | | Non-dedicated engine revenue | — | | | — | | | 20.6 | | | — | | | 20.6 | | Other revenue | 44.0 | | | 5.3 | | | — | | | 1.8 | | | 51.1 | | Total Revenues | 435.0 | | | 105.6 | | | 29.4 | | | 10.1 | | | 580.1 | | Expenses | | | | | | | | | | Maintenance expense | 131.8 | | | 19.2 | | | — | | | 0.8 | | | 151.8 | | Depreciation expense | 124.0 | | | 27.9 | | | 10.6 | | | 4.0 | | | 166.5 | | Operating lease expense | 7.4 | | | — | | | — | | | — | | | 7.4 | | Other operating expense | 15.8 | | | 4.9 | | | 3.0 | | | 1.1 | | | 24.8 | | Total Expenses | 279.0 | | | 52.0 | | | 13.6 | | | 5.9 | | | 350.5 | | Other Income (Expense) | | | | | | | | | | Net gain on asset dispositions | 67.7 | | | 2.0 | | | — | | | — | | | 69.7 | | | Interest expense, net | (103.7) | | | (23.9) | | | (12.7) | | | (2.7) | | | (143.0) | | Other (expense) income | (1.5) | | | (0.1) | | | 13.7 | | | 0.6 | | | 12.7 | | | Share of affiliates' pre-tax earnings | — | | | — | | | 49.6 | | | — | | | 49.6 | | Segment Profit | $ | 118.5 | | | $ | 31.6 | | | $ | 66.4 | | | $ | 2.1 | | | $ | 218.6 | | Less: | | | | | | | | | | Selling, general and administrative expense | 69.2 | | Income taxes (includes $12.4 related to affiliates' earnings) | 38.4 | | Net Income | $ | 111.0 | | Less: Net Income Attributable to Non-Controlling Interest | 7.6 | | Net Income Attributable to GATX | $ | 103.4 | | | | Net Gain on Asset Dispositions | | | | | | | | | | Asset Remarketing Income: | | | | | | | | | | Net gains on disposition of owned assets | $ | 58.3 | | | $ | 0.8 | | | $ | — | | | $ | — | | | $ | 59.1 | | Residual sharing income | 0.1 | | | — | | | — | | | — | | | 0.1 | | Non-remarketing net gains (1) | 9.3 | | | 1.2 | | | — | | | — | | | 10.5 | | | | | | | | | | | | | $ | 67.7 | | | $ | 2.0 | | | $ | — | | | $ | — | | | $ | 69.7 | | | | | | | | | | | | Capital Expenditures | | | | | | | | | | Portfolio investments and capital additions | $ | 147.1 | | | $ | 45.6 | | | $ | — | | | $ | 7.8 | | | $ | 200.5 | | | | | | | | | | | | Selected Balance Sheet Data at June 30, 2026 | | | | | | | Investments in affiliated companies | $ | 0.2 | | | $ | — | | | $ | 721.7 | | | $ | — | | | $ | 721.9 | | Identifiable assets | $ | 12,193.1 | | | $ | 2,821.1 | | | $ | 1,871.1 | | | $ | 835.6 | | | $ | 17,720.9 | |
_________ (1) Includes net gains from scrapping of railcars. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Rail North America | | Rail International | | Engine Leasing | | Other | | GATX Consolidated | | Three Months Ended June 30, 2025 | | | | | | | | | Revenues | | | | | | | | | | Lease revenue | $ | 262.8 | | | $ | 89.6 | | | $ | 8.1 | | | $ | 8.3 | | | $ | 368.8 | | | Non-dedicated engine revenue | — | | | — | | | 20.5 | | | — | | | 20.5 | | Other revenue | 32.9 | | | 6.2 | | | — | | | 2.1 | | | 41.2 | | Total Revenues | 295.7 | | | 95.8 | | | 28.6 | | | 10.4 | | | 430.5 | | Expenses | | | | | | | | | | Maintenance expense | 84.3 | | | 18.9 | | | — | | | 1.3 | | | 104.5 | | Depreciation expense | 71.7 | | | 21.7 | | | 9.5 | | | 4.0 | | | 106.9 | | Operating lease expense | 7.1 | | | — | | | — | | | — | | | 7.1 | | Other operating expense | 7.8 | | | 4.9 | | | 2.9 | | | 0.9 | | | 16.5 | | Total Expenses | 170.9 | | | 45.5 | | | 12.4 | | | 6.2 | | | 235.0 | | Other Income (Expense) | | | | | | | | | | Net gain on asset dispositions | 39.1 | | | 1.4 | | | — | | | — | | | 40.5 | | Interest expense, net | (64.4) | | | (20.0) | | | (11.6) | | | (0.2) | | | (96.2) | | Other (expense) income | (2.8) | | | 0.5 | | | 0.1 | | | 1.1 | | | (1.1) | | Share of affiliates' pre-tax (losses) earnings | (0.1) | | | — | | | 22.6 | | | — | | | 22.5 | | Segment profit | $ | 96.6 | | | $ | 32.2 | | | $ | 27.3 | | | $ | 5.1 | | | $ | 161.2 | | Less: | | | | | | | | | | Selling, general and administrative expense | 58.2 | | Income taxes (includes $6.5 related to affiliates' earnings) | 27.5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net Income | | $ | 75.5 | | Less: Net Income Attributable to Non-Controlling Interest | — | | Net Income Attributable to GATX | $ | 75.5 | | | | | | | | | | | | Net Gain on Asset Dispositions | | | | | | | | | | Asset Remarketing Income: | | | | | | | | | | Net gains on disposition of owned assets | $ | 34.1 | | | $ | — | | | $ | — | | | $ | — | | | $ | 34.1 | | Residual sharing income | 0.2 | | | — | | | — | | | — | | | 0.2 | | Non-remarketing net gains (1) | 4.8 | | | 1.4 | | | — | | | — | | | 6.2 | | | | | | | | | | | | | $ | 39.1 | | | $ | 1.4 | | | $ | — | | | $ | — | | | $ | 40.5 | | | | | | | | | | | | Capital Expenditures | | | | | | | | | | Portfolio investments and capital additions | $ | 132.2 | | | $ | 81.1 | | | $ | — | | | $ | 5.7 | | | $ | 219.0 | | | | | | | | | | | | | Selected Balance Sheet Data at December 31, 2025 | | | | | | | Investments in affiliated companies | $ | — | | | $ | — | | | $ | 732.3 | | | $ | — | | | $ | 732.3 | | Identifiable assets | $ | 12,235.5 | | | $ | 2,919.0 | | | $ | 1,831.6 | | | $ | 1,013.4 | | | $ | 17,999.5 | |
_________ (1) Includes net gains from scrapping of railcars.
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