The Greenbrier Companies, Inc. (GBX) Income Statement
GBX FY2025 at a glance
Fiscal year ended August 31, 2025 · U.S. dollarsGBX revenue and net income
Where GBX's revenue goes
FY2025Each bar shows an amount and its share of revenue. GBX kept 6.3% of revenue as net income.
GBX profit margins
GBX growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −8.7% | +2.8% | +3.0% | +2.2% |
| Gross profit | +8.6% | +25.2% | +11.1% | +1.2% |
| Operating income | +10.2% | +61.3% | +17.6% | −1.2% |
| Net income | +27.5% | +63.3% | +33.0% | +0.6% |
| EPS (diluted) | +31.4% | +67.5% | +27.1% | +0.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GBX quarterly EPS vs estimates
Greenbrier beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 26, 2026 (estimate $0.89).
GBX income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.23B | $3.54B | $3.94B | $2.98B | $1.75B | $2.79B | $3.03B | $2.52B | $2.18B | $2.68B |
| Cost of revenue | $2.63B | $2.99B | $3.50B | $2.67B | $1.52B | $2.44B | $2.67B | $2.10B | $1.73B | $2.11B |
| Gross profit | $600.4M | $553.1M | $442.1M | $305.6M | $232.3M | $354.6M | $366.0M | $419.1M | $445.0M | $572.3M |
| Research & development | $5.5M | $5.2M | $4.0M | $5.4M | $6.3M | $5.8M | $5.4M | $6.0M | $4.2M | $2.7M |
| Sales, general & admin | $263.3M | $247.1M | $235.3M | $225.2M | $191.8M | $204.7M | $213.3M | $200.4M | $170.6M | $158.7M |
| Total operating expenses | $263.3M | $247.1M | $235.3M | $225.2M | $191.8M | $204.7M | $213.3M | $212.4M | $188.1M | $177.7M |
| Operating income | $337.1M | $306.0M | $206.8M | $80.4M | $40.5M | $149.9M | $152.7M | $206.7M | $256.9M | $394.6M |
| Interest income | $75.7M | $100.8M | $85.4M | $57.4M | $43.3M | $43.6M | $30.9M | $29.4M | $24.2M | $13.5M |
| Interest expense | $91.8M | $93.9M | $79.2M | $55.7M | $44.7M | $42.4M | $32.3M | $30.9M | $23.5M | $17.3M |
| Income before taxes | $304.5M | $234.7M | $100.2M | $71.9M | −$5.1M | $127.8M | $147.4M | $205.0M | $224.5M | $397.1M |
| Income taxes | $91.4M | $62.0M | $24.6M | $18.1M | −$40.2M | $40.2M | $41.6M | $32.9M | $64.0M | $112.3M |
| Net income | $204.1M | $160.1M | $62.5M | $46.9M | $32.5M | $49.0M | $71.1M | $151.8M | $116.1M | $183.2M |
| EBITDA | $517.8M | $450.3M | $312.1M | $213.7M | $131.5M | $273.8M | $266.4M | $329.7M | $329.2M | $474.5M |
| EPS (diluted) | $6.53 | $4.97 | $2.98 | $1.39 | $1.09 | $1.97 | $2.96 | $4.02 | $3.77 | $5.74 |
| Gross margin | 18.6% | 15.6% | 11.2% | 10.3% | 13.3% | 12.7% | 12.1% | 16.6% | 20.5% | 21.3% |
| Operating margin | 10.4% | 8.6% | 5.2% | 2.7% | 2.3% | 5.4% | 5.0% | 8.2% | 11.8% | 14.7% |
| Net margin | 6.3% | 4.5% | 1.6% | 1.6% | 1.9% | 1.8% | 2.3% | 6.0% | 5.3% | 6.8% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | Aug '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $576.5M | $587.5M | $706.1M | $755.8M | $840.4M | $762.4M | $874.6M | $1.05B | $818.7M | $861.3M | $808.0M | $1.02B |
| Cost of revenue | $495.4M | $518.0M | $602.8M | $615.9M | $691.2M | $623.5M | $702.2M | $861.5M | $696.4M | $740.8M | $687.9M | $889.5M |
| Gross profit | $81.1M | $69.5M | $103.3M | $139.9M | $149.2M | $138.9M | $172.4M | $190.2M | $122.3M | $120.5M | $120.1M | $126.6M |
| Research & development | — | — | — | — | — | — | — | $5.2M | — | — | — | $4.0M |
| Sales, general & admin | $55.2M | $57.4M | $59.9M | $70.8M | $65.9M | $64.6M | $62.0M | $67.9M | $59.3M | $63.6M | $56.3M | $59.6M |
| Total operating expenses | $49.2M | $44.4M | $42.2M | $70.8M | $65.9M | $64.6M | $62.0M | $67.9M | $59.3M | $63.6M | $56.3M | $59.6M |
| Operating income | $31.9M | $25.1M | $61.1M | $69.1M | $83.3M | $74.3M | $110.4M | $122.3M | $63.0M | $56.9M | $63.8M | $67.0M |
| Interest income | — | $13.7M | $15.5M | $17.4M | $13.2M | $21.7M | $23.4M | — | — | — | — | $21.4M |
| Interest expense | $16.4M | $16.1M | $16.4M | $32.6M | $18.7M | $20.4M | $20.1M | $24.7M | $23.4M | $23.9M | $21.9M | $20.5M |
| Income before taxes | $15.4M | $11.4M | $49.6M | $60.2M | $85.6M | $66.2M | $92.5M | $97.3M | $51.3M | $42.9M | $43.2M | $42.3M |
| Income taxes | $3.0M | $1.7M | $12.3M | $19.9M | $18.1M | $20.0M | $33.4M | $32.0M | $10.7M | $9.3M | $10.0M | $12.9M |
| Net income | $16.1M | $12.8M | $36.4M | $36.8M | $60.1M | $51.9M | $55.3M | $61.6M | $33.9M | $33.4M | $31.2M | $24.8M |
| EBITDA | $64.0M | $42.9M | $94.5M | $125.0M | $130.6M | $115.6M | $141.6M | $157.6M | $103.3M | $94.5M | $94.9M | $89.6M |
| EPS (diluted) | $0.60 | $0.47 | $1.14 | $1.26 | $1.86 | $1.69 | $1.72 | $1.92 | $1.06 | $1.03 | $0.96 | $0.92 |
| Gross margin | 14.1% | 11.8% | 14.6% | 18.5% | 17.8% | 18.2% | 19.7% | 18.1% | 14.9% | 14.0% | 14.9% | 12.5% |
| Operating margin | 5.5% | 4.3% | 8.7% | 9.1% | 9.9% | 9.7% | 12.6% | 11.6% | 7.7% | 6.6% | 7.9% | 6.6% |
| Net margin | 2.8% | 2.2% | 5.2% | 4.9% | 7.2% | 6.8% | 6.3% | 5.9% | 4.1% | 3.9% | 3.9% | 2.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GBX's financial statements (latest annual report filed October 28, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GBX financial results
In fiscal year 2025 (ended August 31, 2025), Greenbrier reported revenue of $3.2 billion, down 8.7% from the year before. It had net income of $204.1 million (up 27.5%), a net profit margin of 6.3%. Diluted earnings per share came to $6.53. Over five years revenue grew at an average rate of 3.0% a year.
See the GBX stock overview for the latest quote and news, or the GBX chart for price history and technical indicators.
GBX income statement FAQ
What is Greenbrier's annual revenue?
Greenbrier reported total revenue of $3.2 billion for fiscal year 2025, which ended on August 31, 2025. That was down 8.7% from $3.5 billion the previous year.
Is Greenbrier profitable?
Yes. Greenbrier reported net income of $204.1 million in fiscal 2025, a net profit margin of 6.3%; its operating margin was 10.4%.
What is Greenbrier's gross margin?
Greenbrier's gross margin was 18.6% in fiscal 2025: for every $100 of revenue, Greenbrier kept $19 after the direct cost of its products and services.
How much does Greenbrier spend on research and development?
Greenbrier spent $5.5 million on research and development in fiscal 2025, 0.2% of revenue.
How fast is Greenbrier growing?
Revenue grew 3.0% a year on average over the last five fiscal years, from $2.8 billion to $3.2 billion.
What are Greenbrier's earnings per share?
Greenbrier earned $6.53 per diluted share in fiscal 2025, compared with $4.97 a year earlier.
When will Greenbrier report its next earnings?
Greenbrier is expected to report results for the quarter ending August 31, 2026 on October 26, 2026 after the market closes.
When does Greenbrier's fiscal year end?
Greenbrier's fiscal year ends in August. The latest annual report covers the year ended August 31, 2025 and was filed on October 28, 2025.