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The Greenbrier Companies, Inc.

GBX

The Greenbrier Companies, Inc. • NYSE
$44.48 ▼ -0.43% (-0.19)
Market Cap $1.38 B
52w High $71.06
52w Low $37.77
Dividend Yield 1.26%
P/E 7
Volume 107.99K
Outstanding Shares 30.96M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $755.8M ▼ $70.8M ▲ $36.8M ▼ 4.869% ▼ $1.19 ▼ $125M ▼
Q3-2025 $840.4M ▲ $65.9M ▲ $60.1M ▲ 7.151% ▲ $1.92 ▲ $130.6M ▲
Q2-2025 $762.4M ▼ $64.6M ▲ $51.9M ▼ 6.807% ▲ $1.66 ▼ $115.6M ▼
Q1-2025 $874.6M ▼ $62M ▼ $55.3M ▼ 6.323% ▲ $1.77 ▼ $141.6M ▼
Q4-2024 $1.052B $67.9M $61.6M 5.857% $1.98 $157.6M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $326.4M ▼ $4.361B ▲ $2.627B ▼ $1.532B ▲
Q3-2025 $342M ▲ $4.353B ▲ $2.643B ▲ $1.504B ▲
Q2-2025 $301.9M ▼ $4.267B ▼ $2.605B ▼ $1.46B ▲
Q1-2025 $312.9M ▼ $4.287B ▲ $2.669B ▼ $1.413B ▲
Q4-2024 $368.6M $4.255B $2.676B $1.376B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $36.8M ▼ $91.8M ▼ $-69.4M ▼ $-32.3M ▲ $-15.6M ▼ $20.5M ▼
Q3-2025 $60.1M ▲ $139.6M ▲ $-62.9M ▼ $-37.7M ▲ $40.1M ▲ $56.9M ▲
Q2-2025 $51.9M ▼ $94.6M ▲ $-12.3M ▲ $-95.1M ▼ $-11M ▲ $27.3M ▲
Q1-2025 $55.3M ▼ $-60.3M ▼ $-58.5M ▲ $63.4M ▲ $-55.7M ▼ $-119.4M ▼
Q4-2024 $61.6M $191.6M $-66.5M $-19.9M $76.8M $118M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Manufacturing
Manufacturing
 $820.00M ▲$700.00M ▼$780.00M ▲$790.00M ▲
Leasing and Management Services
Leasing and Management Services
 $60.00M ▲$60.00M ▲$60.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown well over the last several years but appears to have peaked recently and eased back in the most recent periods. Despite that, profitability has improved meaningfully: gross profit, operating profit, and net income have all trended higher, and earnings per share have stepped up strongly. This suggests the company is getting more efficient, likely benefiting from better pricing, mix, and cost control. The main trade-off is that growth in sales has slowed while margins and earnings quality have improved, which is typical for a business moving from recovery toward a more mature phase of the cycle.

Balance Sheet

Balance Sheet The balance sheet shows a business that uses a fair amount of debt but has also built up its equity base over time, which points to some underlying financial resilience. Cash levels have come down from earlier years but remain reasonable relative to the size of the company. One data point stands out: the most recent year shows a negative total asset figure, which is almost certainly a reporting anomaly or incomplete data rather than an economic reality. Excluding that oddity, the overall pattern is of a moderately leveraged industrial company that has grown its asset base and shareholder equity over the last several years, but still needs to manage debt carefully in a cyclical industry.

Cash Flow

Cash Flow Cash flow from operations has improved from earlier years when it was negative, moving into clearly positive territory more recently, although it still shows some year‑to‑year volatility. Free cash flow has been negative throughout the period but has been steadily moving closer to break‑even, largely because the company continues to spend heavily on capital projects and fleet investment. This combination—better operating cash generation but ongoing negative free cash flow—suggests a business that is investing for future capacity and capability, but at the cost of near‑term cash pressure. The key risk is that these investments need to pay off, especially given the cyclical nature of rail markets.

Competitive Edge

Competitive Edge Greenbrier operates in a concentrated, cyclical railcar market where scale, product breadth, and service capabilities matter. Its integrated model—combining manufacturing, leasing, repair, and fleet management—gives it a “one‑stop” offering that can make customer relationships stickier and provide more recurring revenue than pure manufacturing alone. The company has a long track record in specialized cars, safety‑focused designs, and lifecycle services, which helps differentiate it from smaller competitors. However, it still faces classic rail industry risks: exposure to freight volumes, industrial activity, and interest rates, as well as competition from other large railcar manufacturers. Overall, its scope of services and installed base of cars provide a meaningful but not unassailable competitive edge.

Innovation and R&D

Innovation and R&D Innovation is a clear pillar of Greenbrier’s strategy. Historically, it helped reshape the industry with double‑stack intermodal cars, and more recently with lighter, higher‑capacity designs and advanced safety features. The company is investing in digital and data capabilities through the RailPulse telematics platform and ENSPIRE fleet management software, which can deepen customer ties and open new service revenue streams. Safety and sustainability are recurring themes: the “Tank Car of the Future,” automated hatches that reduce worker risk, and programs to convert and repurpose existing cars all aim to meet tighter regulations and rising environmental expectations. The focus on cars suited for alternative fuels, lighter materials, automation, and insourcing of components (especially in Mexico) indicates a deliberate push to protect margins and remain relevant as the rail industry modernizes.

Summary

Overall, Greenbrier looks like a railcar company that has moved from recovery to a more profitable footing. Earnings and margins have improved even as revenue growth has cooled, reflecting better efficiency and pricing power. The balance sheet carries meaningful debt but is supported by a growing equity base and a sizable asset portfolio, though the latest asset figure appears inconsistent and should be treated cautiously. Cash generation from operations is now solid, but heavy investment continues to weigh on free cash flow, underscoring the importance of execution on growth and efficiency projects. Strategically, the integrated manufacturing‑to‑services model, combined with a strong focus on safety, digital fleet management, and sustainable conversions, provides a differentiated position in a cyclical and competitive market. Future performance will hinge on how well the company balances investment, leverage, and cash flow while capitalizing on its innovations and service platform.

NEWS

November 25, 2025 · 4:15 PM UTC

Greenbrier to webcast presentation at the Goldman Sachs Industrials and Materials Conference

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November 12, 2025 · 4:50 PM UTC

Greenbrier to webcast presentation at the 2025 Stephens Annual Investment Conference

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October 28, 2025 · 4:15 PM UTC

Greenbrier announces Fourth Quarter and Fiscal Year 2025 financial results

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October 23, 2025 · 4:56 PM UTC

Greenbrier declares quarterly dividend of $0.32 per share

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October 9, 2025 · 4:32 PM UTC

Greenbrier announces date for Quarter and Fiscal Year 2025 financial results, webcast and conference call

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