• GATX average return on tangible equity for 2023 was 10.96, a 20.04% increase from 2022.
• GATX average return on tangible equity for 2022 was 9.13, a 34.66% increase from 2021.
• GATX average return on tangible equity for 2021 was 6.78, a 35.61% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.