On this page of StockholderLetter.com we present the latest annual shareholder letter from GATX CORP — ticker symbol GATX. Reading current and past GATX letters to shareholders can bring important insights into the investment thesis.

 •  3/14/2025 Letter Continued (Full PDF)
 •  3/17/2023 GATX Stockholder Letter
 •  3/15/2024 GATX Stockholder Letter
 •  More "Railroads" Category Stockholder Letters
 •  GATX Benford's Law Stock Score = 62

GATX Shareholder/Stockholder Letter Transcript:

klmnmolnp  rlstplstuv  w6  26336D b  8Y 8 5   8    4 8  454x






   y85  \ D28
   z8   63158     4 8  y85  \ D28
    ?    O         M    OM       M  NOM
          NOL                 O?M               O    
   y85  \ D28
   z8   63158     4 8  y85  \ D28    
    M?  O         M    O         M    O?
            O@                 O@                 O    
{|op}~lms   n|    ~  }vu    muv  nm~    ut      u    v       
PQR  S 8  TD33DU6V  6582   TD   84    W84   D58   4 8   8T8  8   5D  4  XS4Y  C Z1528 5  4   [5 8   \582 ]^  
     =+89/08  1'(  M@MN  .-,/9:+:  +_>+-8+8  (+,'(:+:  1'(  0;+  8+00/+7+-08  '1  /.0.G*0.'-  ,/*.78  *(.8.-G  '90  '1  /+G*,`  B98.-+88  '>+(*0.'-8<  (+8+(H+8  (+,'(:+:    
   TD   D1    4 8  DT  4 56 6 458   8 76 D 28 543   828 6456D    D 5  4 66V  D15  DT    6D   D 8 456D   4   38V4 W  a168 8b  V46   4 D 6458   U65   438  DT    
   5 8    8 6436c8   d4  e8 83b  4   8T8  8   6 D28  54Y  4 Z1528 5  455 6a154a38  5D  5458  54Y   458   8 1 56D E
     =+89/08  1'(  M@ML  .-,/9:+:  G*.-8  *-:  /'88+8  *88',.*0+:  I.0;  .7>*.(7+-08  *-:  8*/+8  '1  0;+  f>+,.*/.g+:  3*8  h+88+/8<  *  -+0  G*.-  *88',.*0+:  I.0;  0;+    
   6-*/  8*/+  '1  '9(  (*./  B98.-+88  .-  =988.*<  :+1+((+:  .-,'7+  0*_  *:i9807+-08  *00(.B90*B/+  0'  80*090'(`  80*0+  0*_  (*0+  (+:9,0.'-8<  *-:  *  H*/9*0.'-    
   433DU4  8  4 Z1528 5  4 D 6458   U65   5 8   8436c4a6365W  DT  5458  85  D 8 456V  3D 8  6  T151 8  54Y  W84 E
     =+89/08  1'(  M@MM  .-,/9:+:  /'88+8  *88',.*0+:  I.0;  .7>*.(7+-08  *-:  8*/+8  '1  0;+  f>+,.*/.g+:  3*8  h+88+/8<  /'88+8  *88',.*0+:  I.0;  0;+  .7>*.(7+-0    
   DT  85  4 85   81356V  T D2  D1   8 66D   5D  8Y65  D1    463  a168   6   1 64b  4   88 78   8 D 8   4   4 5  DT  4   8Y8 158   4V 8828 5  TD   4 56 6 458     
    828 6456D    D 5  45  4    876D13W  DU 8     D 8 5Wb  4  8T8  8   6 D28  54Y  4 Z1528 5  18  5D  4   8 4 58    D  D 458  6 D28  54Y   458   8 1 56D   6    
   4980(.*<  *-:  .7>*.(7+-0  /'88+8  (+/*0+:  0'  *.(,(*j  8>*(+  +-G.-+8  .-  =988.*  0;*0  ==5&  :'+8  -'0  +_>+,0  0'  (+,'H+(O
  m    vu    mu  nu  n    pnmo  
  l
p}u  ~  {n mlmsv           tn  w4x
  Y 31 6V  54Y  4 Z1 528 5  4   D5 8   6582   wyD   dCCzx


M@MN  
M@ML  
M@MM


w4x
    u
m  
  m  
{  }l
u
  Y 31 6V  54Y  4 Z1 528 5  4   D5 8   6582   wyD   dCCzx


M@MN  
M@ML  
M@MM


  w    
m    v
u    mu      p}    
  6336D x


  @OM      


  @O      


  nv
t                nul  mv           u    pl         o    ~v
w      6336D x


  M  L
  M  @
04   T D2  [ 8 456D                                 zD 5TD36D  z D 88
M@MN       @M  
M@ML       M@
M@MM       LN
          n     }  }pnul        nvt      u} m  ~  u      tn  t  p~  v  
M@?  
M@?  
M@?  
M@?  
M@?  
M@M@
M@M?
M@MM
M@ML
M@MN

M@MN  
M@ML  
M@MM

  M@?    M@MN  



  @O        
  ?O@    


    E      
0121345678  6768                                     0121345678    4 8   8 1   48
&'(  *  (+,'-,./.*0.'-  '1  -'-23445  6-*-,.*/  7+*89(+8  ,'-0*.-+:  ;+(+.-<  (+1+(  0'  '9(  4--9*/  =+>'(0  '-  &'(7  ?@2A  0;*0  ;*8  B++-  .-,/9:+:  *8  >*(0  '1  0;.8  
C 143   8 D 5  5D    4 8 D38 E
4//  :*0*  F.-,/9:.-G  8+G7+-0  'H+(H.+I  8+,0.'-8J  *8  '1  K+,+7B+(  L?<  M@MNO





 3/14/2025 Letter Continued (Full PDF)