GATX
GATX · Construction Machinery & Heavy Transportation Equipment
$165.47
1.2%Wabtec
WAB · Construction Machinery & Heavy Transportation Equipment
$272.35
1.5%The short version
- Wabtec is the larger business, with $11.2B of revenue in fiscal 2025 against $1.7B for GATX, about 6.4 times as much.
- GATX grew revenue faster (9.8%, against 7.5%).
- Wabtec earned a higher return on the capital invested in it (9.1%, against 4.0%).
- Investors pay more for each dollar of Wabtec’s earnings: a P/E of 33.8x against 16.4x for GATX.
| Latest fiscal year | GATX · FY25 | WAB · FY25 |
|---|---|---|
| Size | ||
| Market cap | $5.9B | $46.0B |
| Revenue | $1.7B | $11.2B |
| Free cash flow | — | $1.5B |
| Net income | $333M | $1.2B |
| Growth | ||
| Revenue growth | 9.8% | 7.5% |
| 5-year growth | 7.6% | 8.1% |
| Share count change | 0.0% | −2.1% |
| Profitability | ||
| Gross margin | — | 34.1% |
| Operating margin | — | 16.1% |
| Net margin | 19.2% | 10.5% |
| FCF margin | — | 13.4% |
| Return on capital | 4.0% | 9.1% |
| Return on equity | 12.9% | 11.0% |
| Balance sheet | ||
| Net debt | $11.8B | $4.8B |
| Net debt / EBITDA | 10.6x | 2.1x |
| Dividends and buybacks | $155M | $396M |
| Valuation & quality | ||
| P/E | 16.4x | 33.8x |
| Piotroski F-score | — | 7 |
FY16
GATX $1.4B
WAB $2.9B
FY17
GATX $1.4B
WAB $3.9B
FY18
GATX $1.2B
WAB $4.4B
FY19
GATX $1.2B
WAB $8.2B
FY20
GATX $1.2B
WAB $7.6B
FY21
GATX $1.3B
WAB $7.8B
FY22
GATX $1.3B
WAB $8.4B
FY23
GATX $1.4B
WAB $9.7B
FY24
GATX $1.6B
WAB $10.4B
FY25
GATX $1.7B
WAB $11.2B
GATX
WAB
FY16
GATX —
WAB 15.6%
FY17
GATX —
WAB 10.9%
FY18
GATX —
WAB 10.9%
FY19
GATX —
WAB 8.1%
FY20
GATX —
WAB 9.9%
FY21
GATX —
WAB 11.2%
FY22
GATX —
WAB 12.1%
FY23
GATX —
WAB 13.1%
FY24
GATX —
WAB 15.5%
FY25
GATX —
WAB 16.1%
GATX
WAB
FY16
GATX $33.7M
WAB $400M
FY17
GATX −$70.0M
WAB $99.3M
FY18
GATX −$428M
WAB $221M
FY19
GATX −$297M
WAB $830M
FY20
GATX −$424M
WAB $648M
FY21
GATX −$623M
WAB $943M
FY22
GATX −$722M
WAB $889M
FY23
GATX −$1.1B
WAB $1.0B
FY24
GATX —
WAB $1.6B
FY25
GATX —
WAB $1.5B
GATX
WAB
FY16
GATX 5.9%
WAB 10.4%
FY17
GATX 6.7%
WAB 7.0%
FY18
GATX 4.5%
WAB 7.1%
FY19
GATX 3.7%
WAB 4.9%
FY20
GATX 3.3%
WAB 4.0%
FY21
GATX 4.0%
WAB 4.9%
FY22
GATX 3.4%
WAB 5.5%
FY23
GATX 4.5%
WAB 6.9%
FY24
GATX 4.7%
WAB 8.9%
FY25
GATX 4.0%
WAB 9.1%
GATX
WAB
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.