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Side-by-side financial comparison of FORMFACTOR INC (FORM) and GATX CORP (GATX). Click either name above to swap in a different company.

GATX CORP is the larger business by last-quarter revenue ($436.7M vs $226.1M, roughly 1.9× FORMFACTOR INC). GATX CORP runs the higher net margin — 18.1% vs 9.0%, a 9.1% gap on every dollar of revenue. On growth, GATX CORP posted the faster year-over-year revenue change (38.4% vs 32.0%). Over the past eight quarters, FORMFACTOR INC's revenue compounded faster (7.0% CAGR vs 6.3%).

Formfactor, Inc. is a provider of test and measurement technologies for integrated circuits, with its headquarters in Livermore, California. It provides semiconductor companies with products to improve device performance and provide test and measurement technologies for integrated circuits.

GATX Corporation is a railcar lessor that owns fleets in North America, Europe, and Asia. In addition, jointly with Rolls-Royce Limited, it owns one of the largest aircraft spare engine lease portfolios. It is headquartered in Chicago, Illinois. As of December 31, 2020, the company owned 148,939 rail cars, including 83,959 tank cars, 64,980 freight cars, and 645 locomotives. Other major car types owned include covered hoppers, open-top hopper cars, and gondolas. It primarily serves the petrol...

FORM vs GATX — Head-to-Head

Bigger by revenue
GATX
GATX
1.9× larger
GATX
$436.7M
$226.1M
FORM
Growing faster (revenue YoY)
GATX
GATX
+6.5% gap
GATX
38.4%
32.0%
FORM
Higher net margin
GATX
GATX
9.1% more per $
GATX
18.1%
9.0%
FORM
Faster 2-yr revenue CAGR
FORM
FORM
Annualised
FORM
7.0%
6.3%
GATX

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FORM
FORM
GATX
GATX
Revenue
$226.1M
$436.7M
Net Profit
$20.4M
$79.1M
Gross Margin
38.4%
Operating Margin
7.4%
Net Margin
9.0%
18.1%
Revenue YoY
32.0%
38.4%
Net Profit YoY
218.5%
0.6%
EPS (diluted)
$0.26
$2.35

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FORM
FORM
GATX
GATX
Q1 26
$226.1M
$436.7M
Q4 25
$215.2M
$449.0M
Q3 25
$202.7M
$439.3M
Q2 25
$195.8M
$430.5M
Q1 25
$171.4M
$421.6M
Q4 24
$189.5M
$413.5M
Q3 24
$207.9M
$405.4M
Q2 24
$197.5M
$386.7M
Net Profit
FORM
FORM
GATX
GATX
Q1 26
$20.4M
$79.1M
Q4 25
$23.2M
$97.0M
Q3 25
$15.7M
$82.2M
Q2 25
$9.1M
$75.5M
Q1 25
$6.4M
$78.6M
Q4 24
$9.7M
$76.5M
Q3 24
$18.7M
$89.0M
Q2 24
$19.4M
$44.4M
Gross Margin
FORM
FORM
GATX
GATX
Q1 26
38.4%
Q4 25
42.2%
Q3 25
39.8%
Q2 25
37.3%
Q1 25
37.7%
Q4 24
38.8%
Q3 24
40.7%
Q2 24
44.0%
Operating Margin
FORM
FORM
GATX
GATX
Q1 26
7.4%
Q4 25
10.9%
15.6%
Q3 25
8.9%
13.3%
Q2 25
6.3%
18.7%
Q1 25
1.9%
16.6%
Q4 24
4.1%
14.6%
Q3 24
8.6%
21.1%
Q2 24
9.0%
10.9%
Net Margin
FORM
FORM
GATX
GATX
Q1 26
9.0%
18.1%
Q4 25
10.8%
21.6%
Q3 25
7.7%
18.7%
Q2 25
4.6%
17.5%
Q1 25
3.7%
18.6%
Q4 24
5.1%
18.5%
Q3 24
9.0%
22.0%
Q2 24
9.8%
11.5%
EPS (diluted)
FORM
FORM
GATX
GATX
Q1 26
$0.26
$2.35
Q4 25
$0.29
$2.66
Q3 25
$0.20
$2.25
Q2 25
$0.12
$2.06
Q1 25
$0.08
$2.15
Q4 24
$0.12
$2.11
Q3 24
$0.24
$2.43
Q2 24
$0.25
$1.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FORM
FORM
GATX
GATX
Cash + ST InvestmentsLiquidity on hand
$123.5M
$740.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$3.7B
Total Assets
$1.3B
$17.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FORM
FORM
GATX
GATX
Q1 26
$123.5M
$740.9M
Q4 25
$103.3M
$743.0M
Q3 25
$266.0M
$696.1M
Q2 25
$249.3M
$754.6M
Q1 25
$299.0M
$757.2M
Q4 24
$360.0M
$401.6M
Q3 24
$354.5M
$503.7M
Q2 24
$357.6M
$823.6M
Total Debt
FORM
FORM
GATX
GATX
Q1 26
Q4 25
$12.2M
$12.5B
Q3 25
Q2 25
Q1 25
Q4 24
$13.3M
$8.3B
Q3 24
Q2 24
Stockholders' Equity
FORM
FORM
GATX
GATX
Q1 26
$1.1B
$3.7B
Q4 25
$1.0B
$2.8B
Q3 25
$1.0B
$2.7B
Q2 25
$990.0M
$2.7B
Q1 25
$965.9M
$2.5B
Q4 24
$947.8M
$2.4B
Q3 24
$955.0M
$2.4B
Q2 24
$947.9M
$2.3B
Total Assets
FORM
FORM
GATX
GATX
Q1 26
$1.3B
$17.9B
Q4 25
$1.2B
$18.0B
Q3 25
$1.2B
$13.3B
Q2 25
$1.2B
$13.2B
Q1 25
$1.2B
$13.0B
Q4 24
$1.1B
$12.3B
Q3 24
$1.2B
$12.4B
Q2 24
$1.2B
$12.2B
Debt / Equity
FORM
FORM
GATX
GATX
Q1 26
Q4 25
0.01×
4.55×
Q3 25
Q2 25
Q1 25
Q4 24
0.01×
3.39×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FORM
FORM
GATX
GATX
Operating Cash FlowLast quarter
$45.0M
Free Cash FlowOCF − Capex
$30.7M
FCF MarginFCF / Revenue
13.6%
Capex IntensityCapex / Revenue
6.7%
Cash ConversionOCF / Net Profit
2.21×
TTM Free Cash FlowTrailing 4 quarters
$37.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FORM
FORM
GATX
GATX
Q1 26
$45.0M
Q4 25
$46.0M
$144.3M
Q3 25
$27.0M
$218.3M
Q2 25
$18.9M
$161.3M
Q1 25
$23.5M
$124.2M
Q4 24
$35.9M
$206.0M
Q3 24
$26.7M
$160.2M
Q2 24
$21.9M
$138.3M
Free Cash Flow
FORM
FORM
GATX
GATX
Q1 26
$30.7M
Q4 25
$34.7M
Q3 25
$19.5M
Q2 25
$-47.4M
Q1 25
$5.0M
Q4 24
$28.3M
Q3 24
$17.8M
Q2 24
$13.5M
FCF Margin
FORM
FORM
GATX
GATX
Q1 26
13.6%
Q4 25
16.1%
Q3 25
9.6%
Q2 25
-24.2%
Q1 25
2.9%
Q4 24
14.9%
Q3 24
8.6%
Q2 24
6.8%
Capex Intensity
FORM
FORM
GATX
GATX
Q1 26
6.7%
Q4 25
5.3%
Q3 25
3.7%
Q2 25
33.8%
Q1 25
10.8%
Q4 24
4.0%
Q3 24
4.3%
Q2 24
4.3%
Cash Conversion
FORM
FORM
GATX
GATX
Q1 26
2.21×
Q4 25
1.98×
1.49×
Q3 25
1.72×
2.66×
Q2 25
2.08×
2.14×
Q1 25
3.68×
1.58×
Q4 24
3.70×
2.69×
Q3 24
1.43×
1.80×
Q2 24
1.13×
3.11×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FORM
FORM

Segment breakdown not available.

GATX
GATX

Lease revenue$400.7M92%
Other revenue$36.0M8%

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