GREENBRIER COMPANIES INC (GBX) FY2025 10-K Annual Report
GREENBRIER COMPANIES INC (GBX) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Oct 28, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
GREENBRIER COMPANIES INC FY2025 10-K Analysis
Business Overview
- • Core business: integrated freight railcar manufacturing, leasing, maintenance, wheel services, and fleet management across North America, Europe, and Brazil
- • Structural change: combined Maintenance Services and Manufacturing into a single Manufacturing segment as of Sept 2024 to streamline operations
- • Backlog decline: railcar backlog units down to 16,600 in 2025 from 26,700 in 2024, with estimated future revenue value of $2.2B vs $3.4B prior year
- • Workforce: approx. 11,000 employees globally, half in Mexico; implemented company-wide safety culture reset in 2025 with new metrics and training
- • Environmental focus: received EPA "Special Notice" letter in Nov 2024 initiating formal Superfund site settlement negotiations for Portland Harbor contamination
Management Discussion & Analysis
- • Revenue $3.24B, down 6.8% YoY; Manufacturing $2.99B (-9.7%), Leasing & Fleet Management $249.0M (+7.2%)
- • Operating margin Manufacturing 10.9% vs 9.3%, Leasing & Fleet Management 64.5% vs 59.8%
- • Best segment Leasing & Fleet Management ops income $160.6M (+15.5%); worst Manufacturing ops income $327.5M (+6.1%) on lower revenue
- • Operating cash flow $265.7M, capex $280.4M gross; share repurchases $22.2M (517k shares); dividend $0.32/share declared quarterly
- • Management expects 2026 capex ~$320M, proceeds from asset sales ~$115M; risks include tax law changes (OBBBA), foreign exchange, and macroeconomic factors affecting demand
Risk Factors
- • Regulatory risk from uncertain U.S. and reciprocal tariffs impacting costs and demand, monitored amid ongoing legal challenges and negotiations
- • Geopolitical exposure to war in Ukraine causing higher energy, steel prices, supply chain disruptions, and uncertain pass-through costs in Europe
- • Supply chain risk from reliance on limited suppliers for specialty railcar components, with top 10 suppliers accounting for 36% of purchases in 2025
- • Competitive risk from rivals potentially less affected by tariffs, able to mitigate increased material costs better than Greenbrier
- • Financial risk from customer concentration, with two customers generating approximately 26% of consolidated revenue in 2025
GREENBRIER COMPANIES INC FY2025 Key Financial MetricsXBRL
Revenue
$3.2B
▼ -8.6% YoY
Net Income
$204M
▲ +27.5% YoY
Gross Margin
18.7%
▲ +299bp YoY
Operating Margin
11.1%
▲ +196bp YoY
Net Margin
6.3%
▲ +178bp YoY
ROE
13.3%
▲ +168bp YoY
Total Assets
$4.4B
▲ +2.5% YoY
EPS (Diluted)
$6.35
▲ +28.0% YoY
Operating Cash Flow
$266M
▼ -19.4% YoY
Source: XBRL data from GREENBRIER COMPANIES INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on GREENBRIER COMPANIES INC
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.