GBX
The Greenbrier Companies, Inc.
GBX's fundamentals are weak and it looks expensive: trading at 17x earnings, above its usual 15x. Its downside scenario is about four times its upside.
GBX Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Stable | |
| Weak | |
| Weak |
GBX's profitability is currently stable, but its revenue, cash flow and balance sheet are weak.
GBX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.6x | $23.84 | -43% |
| Forward | 13x | $41.91 | — |
| Fair | 15x | $36.86 | -12% |
| Current | 17x | $41.91 | — |
| Expensive | 40x | $99.65 | +138% |
Historical ranges are pointers, not guarantees.
GBX's PE is in its fair range at 17x. If earnings grow as analysts expect, today's price would be 13x next year's earnings.
GBX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Weakening | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for GBX, but weaker profitability. However, they disagree widely on these estimates.
GBX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.20 | +29% |
| Q3 2026 | $2.49 | -61% |
| Q2 2026 | $3.42 | -51% |
| Q1 2026 | $4.68 | -25% |
| Q4 2025 | $5.77 | +0.9% |
| Q3 2025 | $6.35 | +28% |
| Q2 2025 | $7.05 | +84% |
| Q1 2025 | $6.25 | +83% |
| Q4 2024 | $5.72 | +70% |
GBX's earnings per share have fallen from their peak: $2.49 over the past year, against $7.05 in mid-2025.
GBX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $591M | -22% |
| Q2 2026 | $576.5M | -32% |
| Q1 2026 | $587.5M | -23% |
| Q4 2025 | $706.1M | -19% |
| Q3 2025 | $759.5M | -28% |
| Q2 2025 | $842.7M | +2.7% |
| Q1 2025 | $762.1M | -12% |
| Q4 2024 | $875.9M | +8.3% |
GBX's revenue has slid since its 2023 peak: $591M last quarter, down 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.3% | -5.2 points |
| Q2 2026 | 5.5% | -5.5 points |
| Q1 2026 | 4.3% | -6.7 points |
| Q4 2025 | 8.7% | -4.1 points |
| Q3 2025 | 9.5% | -2.3 points |
| Q2 2025 | 11% | +2.2 points |
| Q1 2025 | 11% | +3.6 points |
| Q4 2024 | 13% | +4.7 points |
GBX's operating margin was 4.3% last quarter, down 5.2 points from the same quarter a year ago.
GBX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$100.6M | -477% |
| Q2 2026 | -$286.4M | -607% |
| Q1 2026 | $128.6M | +389% |
| Q4 2025 | $18.7M | +$142.9M |
| Q3 2025 | $26.7M | -77% |
| Q2 2025 | $56.5M | +$106.7M |
| Q1 2025 | $26.3M | +$49.4M |
| Q4 2024 | -$124.2M | -$11.2M |
GBX's free cash flow was −$240M over the past year, against −$15M the year before.
GBX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +27K shares |
| 1 year | -1.1% | -367K shares |
| 3 years | -6% | -2M shares |
| 5 years | -5.6% | -1.9M shares |
| Available history | -4.5% | -1.5M shares |
GBX has 32M diluted shares, down 1.1% from a year ago, with $13M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100,000 |
| Q2 2026 | — |
| Q1 2026 | $400,000 |
| Q4 2025 | $12.9M |
| Q3 2025 | $900,000 |
| Q2 2025 | $21.8M |
| Q3 2024 | — |
| Q2 2024 | — |
GBX spent $13M buying back its own shares over the past year.
GBX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.9x | High |
| Q2 2026 | 4.8x | High |
| Q1 2026 | 3.3x | Elevated |
| Q4 2025 | 3.2x | Elevated |
| Q3 2025 | 3.0x | Elevated |
| Q2 2025 | 0.2x | Very low |
| Q1 2025 | 0.2x | Very low |
| Q4 2024 | 0.3x | Very low |
GBX's net debt is about 5.8 years of its operating earnings (EBITDA), up from 3.0 years a year ago.
GBX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.5 | Neutral |
| Stochastic | 34.6 | Neutral |
GBX's weekly RSI is 43 (neutral) and its Stochastic is 35 (neutral).
GBX PE vs Industrials Sector
| Metric | GBX | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 24x | 30% below |
| PE % | 58 | 58 | Same percentile |
GBX is trading at 17x earnings, a 30% discount to the Industrials sector's median of 24x.
GBX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $40.2 | 4.4% above |
| 20 week MA | $44.0 | 4.8% below |
| 50 week MA | $47.8 | 12% below |
| 100 week MA | $48.9 | 14% below |
| 200 week MA | $46.4 | 9.7% below |
GBX has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 9.7% below its 200-week average.
GBX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.6 | $37.3 | +14% |
| 2021 | $37.3 | $44.7 | +20% |
| 2022 | $44.7 | $34.6 | -22% |
| 2023 | $34.6 | $44.2 | +28% |
| 2024 | $44.2 | $62.0 | +40% |
| 2025 | $62.0 | $46.9 | -24% |
| 2026 YTD | $46.9 | $41.9 | -11% |
GBX has finished higher in four of the last six years. It's down 11% so far in 2026.