Greenbrier Companies (GBX) financial statements
Greenbrier Companies reported revenue of $3.2B in fiscal 2025, up 2.1% a year over 9 years.
Net income was $204M and the operating margin 11.1%, against 15.2% in 2016.
Free cash flow was -$15M, and the company returned $40M in dividends and $23M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Greenbrier Companies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.7B | $2.2B | $2.5B | $3.0B | $2.8B | $1.7B | $3.0B | $3.9B | $3.5B | $3.2B |
| Cost of revenue | $2.1B | $1.7B | $2.1B | $2.7B | $2.4B | $1.5B | $2.7B | $3.5B | $3.0B | $2.6B |
| Gross profit | $551M | $421M | $409M | $366M | $353M | $232M | $306M | $441M | $558M | $608M |
| Research and development | $3M | $4M | $6M | $5M | $6M | $6M | $5M | $4M | $5M | $6M |
| Selling, general and admin | $159M | $171M | $200M | $213M | $205M | $192M | $225M | $235M | $247M | $263M |
| Operating income | $409M | $260M | $253M | $184M | $168M | $41M | $118M | $176M | $324M | $360M |
| Pre-tax income | $395M | $236M | $224M | $153M | $125M | -$9M | $61M | $91M | $224M | $284M |
| Income tax | $112M | $64M | $33M | $42M | $40M | -$40M | $18M | $25M | $62M | $91M |
| Net income | $183M | $116M | $152M | $71M | $49M | $32M | $47M | $62M | $160M | $204M |
| EPS (diluted) | $5.73 | $3.65 | $4.68 | $2.14 | $1.46 | $0.96 | $1.40 | $1.89 | $4.96 | $6.35 |
| Diluted shares | 32M | 33M | 33M | 33M | 33M | 34M | 34M | 34M | 32M | 32M |
| Gross margin | 20.6% | 19.4% | 16.2% | 12.1% | 12.6% | 13.3% | 10.3% | 11.2% | 15.8% | 18.7% |
| Operating margin | 15.2% | 12.0% | 10.0% | 6.1% | 6.0% | 2.3% | 4.0% | 4.5% | 9.2% | 11.1% |
| Net margin | 6.8% | 5.4% | 6.0% | 2.3% | 1.8% | 1.9% | 1.6% | 1.6% | 4.5% | 6.3% |
Balance sheet
Fiscal years, from Greenbrier Companies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $223M | $611M | $531M | $330M | $834M | $647M | $543M | $282M | $352M | $306M |
| Inventory | $366M | $400M | $432M | $665M | $530M | $574M | $815M | $824M | $771M | $688M |
| Property, plant and equipment | $330M | $428M | $457M | $718M | $712M | $670M | $645M | $619M | $712M | $727M |
| Goodwill | $43M | $69M | $78M | $130M | $130M | $132M | $127M | $129M | $128M | $130M |
| Total assets | $1.8B | $2.4B | $2.5B | $3.0B | $3.2B | $3.4B | $3.9B | $4.0B | $4.3B | $4.4B |
| Total liabilities | $819M | $1.2B | $1.1B | $1.5B | $1.7B | $1.9B | $2.4B | $2.6B | $2.7B | $2.7B |
| Shareholders' equity | $874M | $1.0B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.3B | $1.4B | $1.5B |
| Net debt | -$223M | -$611M | -$531M | -$330M | -$834M | -$647M | -$543M | -$282M | -$352M | -$306M |
Cash flow
Fiscal years, from Greenbrier Companies's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $337M | $286M | $103M | -$21M | $272M | -$40M | -$150M | $71M | $330M | $266M |
| Capital spending | $139M | $86M | $177M | $198M | $67M | $139M | $381M | $362M | $398M | $280M |
| Free cash flow | $198M | $200M | -$74M | -$219M | $205M | -$180M | -$531M | -$291M | -$69M | -$15M |
| Stock-based compensation | $24M | $26M | $29M | $11M | $9M | $15M | $16M | $12M | $17M | $18M |
| Dividends paid | $23M | $25M | $30M | $33M | $35M | $36M | $36M | $36M | $38M | $40M |
| Share buybacks (net) | -$33M | — | — | — | — | -$20M | — | -$57M | -$1M | -$23M |
| Free cash flow margin | 7.4% | 9.2% | -2.9% | -7.2% | 7.4% | -10.3% | -17.8% | -7.4% | -1.9% | -0.5% |
| Dividends per share | $0.72 | $0.76 | $0.91 | $1.00 | $1.05 | $1.06 | $1.06 | $1.07 | $1.19 | $1.23 |
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Open GBX in InvestinglyQuestions
What was Greenbrier Companies's revenue in 2025?
$3.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Greenbrier Companies generate?
-$15M in fiscal 2025 (operating cash flow minus capital spending).
From Greenbrier Companies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.