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Trinity Industries, Inc.(TRN)Earnings, Financials & Key Ratios
TRN•NYSE
11.3× P/E·Price updated Jun 19, 2026
AboutTrinity Industries, Inc. provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services. As of December 31, 2021, it had a fleet of 106,970 owned or leased railcars. This segment serves industrial shipper and railroad companies operating in agriculture, construction and metals, consumer products, energy, and refined products and chemicals markets. The Rail Products Group segment manufactures freight and tank railcars for transporting various liquids, gases, and dry cargo; and offers railcar maintenance and modification services. This segment serves railroads, leasing companies, and industrial shippers of products in the agriculture, construction and metals, consumer products, energy, and refined products and chemicals markets. It sells or leases products and services through its own sales personnel and independent sales representatives. Trinity Industries, Inc. was incorporated in 1933 and is headquartered in Dallas, Texas.Show more
- Revenue$2.16B-30.0%
- EBITDA$664M-15.5%
- Net Income$253M+82.9%
- EPS (Diluted)3.05+86.0%
- Gross Margin26.55%+22.4%
- EBITDA Margin30.76%+20.6%
- Operating Margin16.62%+4.1%
- Net Margin11.73%+161.1%
- ROE20.64%+92.6%
TRN Key Insights
Trinity Industries, Inc. (TRN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 8/9
- ✓15 consecutive years of dividend growth
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy dividend yield of 3.5%
✗Weaknesses
- ✗High debt to equity ratio of 4.8x
- ✗Negative free cash flow
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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TRN Price & Volume
Trinity Industries, Inc. (TRN) stock price & volume — 10-year historical chart
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TRN Growth Metrics
Trinity Industries, Inc. (TRN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-10.3%
5 Years4.27%
3 Years2.94%
TTM-27.72%
Profit CAGR
10 Years-10.83%
5 Years-
3 Years61.49%
TTM86.55%
EPS CAGR
10 Years-4.97%
5 Years-
3 Years57.54%
TTM92.59%
Return on Capital
10 Years4.65%
5 Years4.84%
3 Years5.54%
Last Year4.7%
TRN Recent Earnings
Trinity Industries, Inc. (TRN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$0.32+16.4%
$0.28
Rev
$492M-8.7%
$539M
Q1 2026
Feb 12, 2026Metric
Actual
Est
EPS
$2.31+0.4%
$2.30
Rev
$611M+7.1%
$570M
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$0.38-74.8%
$1.51
Rev
$454M-15.7%
$539M
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$0.19-50.6%
$0.39
Rev
$506M-9.0%
$556M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $0.32vs $0.28+16.4% | $492Mvs $539M-8.7% |
| Q1 2026 | Feb 12, 2026 | $2.31vs $2.30+0.4% | $611Mvs $570M+7.1% |
| Q4 2025 | Oct 30, 2025 | $0.38vs $1.51-74.8% | $454Mvs $539M-15.7% |
| Q3 2025 | Jul 31, 2025 | $0.19vs $0.39-50.6% | $506Mvs $556M-9.0% |
Based on last 12 quarters of dataView full earnings history →
TRN Peer Comparison
Trinity Industries, Inc. (TRN) competitors in Freight railcar manufacturing and leasing — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 GNSS | 74.23M | 1.63 | -4.08 | 69.76% | -13.44% | -314.53% | 9.85 | |
 GBX | 1.54B | 49.69 | 7.83 | -8.66% | 6.04% | 10.67% | 1.06 | |
 RAIL | 296.44M | 9.32 | 8.55 | -10.45% | 6.25% | |||
 GATX | 6.29B | 177.17 | 19.43 | 9.77% | 17.88% | 10.73% | 3.52 | |
 WAB | 46.46B | 273.83 | 40.09 | 7.51% | 10.52% | 10.9% | 0.50 | |
 TT | 106.99B | 483.40 | 37.24 | 7.48% | 13.42% | 34.69% | 0.54 | |
 ACM | 8.84B | 68.81 | 16.34 | 0.21% | 3.16% | 19.61% | 1.25 | |
 TREX | 4.9B | 47.13 | 26.48 | 1.98% | 16.25% | 18.85% | 0.22 |
Compare TRN vs Peers
Trinity Industries, Inc. (TRN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TRN Income Statement
Trinity Industries, Inc. (TRN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 3.66B | 2.51B | 2.75B | 1.75B | 1.52B | 1.98B | 2.98B | 3.08B | 2.16B | 2.06B |
Revenue Growth % | -20.17% | -31.5% | 9.7% | -36.43% | -13.36% | 30.43% | 50.88% | 3.21% | -29.95% | -27.72% |
Cost of Goods Sold | 2.75B | 1.94B | 2.18B | 1.33B | 1.16B | 1.61B | 2.46B | 2.41B | 1.58B | 1.51B |
COGS % of Revenue | 74.96% | 77.27% | 79.15% | 75.86% | 76.62% | 81.4% | 82.33% | 78.3% | 73.45% | - |
Gross Profit | 917.3M▲ 0% | 570.3M▼ 37.8% | 574M▲ 0.6% | 422.3M▼ 26.4% | 354.5M▼ 16.1% | 367.7M▲ 3.7% | 527.1M▲ 43.4% | 668.2M▲ 26.8% | 572.7M▼ 14.3% | 557.3M▲ 0% |
Gross Margin % | 25.04% | 22.73% | 20.85% | 24.14% | 23.38% | 18.6% | 17.67% | 21.7% | 26.55% | 27.01% |
Gross Profit Growth % | -18.98% | -37.83% | 0.65% | -26.43% | -16.05% | 3.72% | 43.35% | 26.77% | -14.29% | - |
Operating Expenses | 454.8M | 296.6M | 177.2M | 576.9M | 97.7M | 33.7M | 110.1M | 176.7M | 214.3M | 215M |
OpEx % of Revenue | 12.42% | 11.82% | 6.44% | 32.97% | 6.44% | 1.7% | 3.69% | 5.74% | 9.94% | - |
Selling, General & Admin | 454.8M | 296.6M | 217M | 341.1M | 179M | 185.4M | 201.9M | 235.7M | 214.3M | 215M |
SG&A % of Revenue | 12.42% | 11.82% | 7.88% | 19.49% | 11.81% | 9.38% | 6.77% | 7.65% | 9.94% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | -3.7M | 0 | -39.8M | 235.8M | -81.3M | -151.7M | -91.8M | -59M | 0 | 0 |
Operating Income | 549.1M▲ 0% | 315.1M▼ 42.6% | 396.8M▲ 25.9% | -154.6M▼ 139.0% | 256.8M▲ 266.1% | 334M▲ 30.1% | 417M▲ 24.9% | 491.5M▲ 17.9% | 358.4M▼ 27.1% | 342.3M▲ 0% |
Operating Margin % | 14.99% | 12.56% | 14.42% | -8.84% | 16.94% | 16.89% | 13.98% | 15.96% | 16.62% | 16.59% |
Operating Income Growth % | -26.02% | -42.62% | 25.93% | -138.96% | 266.11% | 30.06% | 24.85% | 17.87% | -27.08% | - |
EBITDA | 778.8M | 567M | 673.3M | 103.9M | 522.5M | 610.4M | 710.2M | 785.3M | 663.5M | 645.7M |
EBITDA Margin % | 21.26% | 22.6% | 24.46% | 5.94% | 34.47% | 30.87% | 23.81% | 25.5% | 30.76% | 31.29% |
EBITDA Growth % | -24.03% | -27.2% | 18.75% | -84.57% | 402.89% | 16.82% | 16.35% | 10.57% | -15.51% | -15.91% |
D&A (Non-Cash Add-back) | 229.7M | 251.9M | 276.5M | 258.5M | 265.7M | 276.4M | 293.2M | 293.8M | 305.1M | 303.4M |
EBIT | 379.4M | 330.9M | 395.7M | -313.6M | 246.6M | 335.6M | 414.5M | 495.3M | 649.6M | 342.3M |
Net Interest Income | -173.6M | -167.4M | -214.5M | -212.8M | -191.4M | -209.1M | -265.5M | -273.5M | -274.2M | -265.3M |
Interest Income | 10.6M | 11.9M | 7.3M | 3.2M | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 184M | 179.3M | 221.8M | 216M | 191.4M | 209.1M | 265.5M | 273.5M | 274.2M | 265.3M |
Other Income/Expense | -172.9M | -163.5M | -215.6M | -370M | -201.6M | -207.5M | -268M | -269.7M | 17M | 31.8M |
Pretax Income | 372M▲ 0% | 151.6M▼ 59.2% | 181.2M▲ 19.5% | -524.6M▼ 389.5% | 55.2M▲ 110.5% | 126.5M▲ 129.2% | 149M▲ 17.8% | 221.8M▲ 48.9% | 375.4M▲ 69.3% | 374.1M▲ 0% |
Pretax Margin % | 10.16% | 6.04% | 6.58% | -29.98% | 3.64% | 6.4% | 4.99% | 7.2% | 17.4% | 18.13% |
Income Tax | -341.6M | 42.6M | 58.8M | -274.1M | 15.9M | 27.6M | 9M | 50.4M | 90.9M | 92M |
Effective Tax Rate % | -91.83% | 28.1% | 32.45% | 52.25% | 28.8% | 21.82% | 6.04% | 22.72% | 24.21% | 24.59% |
Net Income | 702.5M▲ 0% | 159.3M▼ 77.3% | 137.6M▼ 13.6% | -147.3M▼ 207.0% | 182M▲ 223.6% | 60.1M▼ 67.0% | 106M▲ 76.4% | 138.4M▲ 30.6% | 253.1M▲ 82.9% | 255.2M▲ 0% |
Net Margin % | 19.18% | 6.35% | 5% | -8.42% | 12.01% | 3.04% | 3.55% | 4.49% | 11.73% | 12.37% |
Net Income Growth % | 104.45% | -77.32% | -13.62% | -207.05% | 223.56% | -66.98% | 76.37% | 30.57% | 82.88% | 86.55% |
Net Income (Continuing) | 610.2M | 109M | 122.4M | -250.5M | 39.3M | 98.9M | 140M | 171.4M | 284.5M | 282.1M |
Discontinued Operations | 103.4M | 54.1M | 13.7M | 24.3M | 142.5M | -26M | -13.4M | -14.3M | -7.2M | -4M |
Minority Interest | 356.9M | 351.2M | 348.8M | 277.2M | 267M | 257.2M | 238.4M | 248.3M | 68.1M | 66.9M |
EPS (Diluted) | 4.52▲ 0% | 1.09▼ 75.9% | 1.07▼ 1.8% | -1.95▼ 282.2% | 0.38▲ 119.5% | 0.78▲ 105.3% | 1.27▲ 62.8% | 1.64▲ 29.1% | 3.05▲ 86.0% | 3.12▲ 0% |
EPS Growth % | 100.89% | -75.89% | -1.83% | -282.24% | 119.49% | 105.26% | 62.82% | 29.13% | 85.98% | 92.59% |
EPS (Basic) | 4.62 | 1.11 | 1.08 | -1.95 | 0.39 | 1.05 | 1.31 | 1.69 | 3.13 | - |
Diluted Shares Outstanding | 152M | 146.4M | 127.3M | 115.9M | 103.8M | 84.2M | 83.4M | 84.2M | 82.9M | 81.9M |
Basic Shares Outstanding | 148.6M | 144M | 125.6M | 115.9M | 101.5M | 81.9M | 81.2M | 81.9M | 80.8M | 79.7M |
Dividend Payout Ratio | 10.33% | 48.59% | 59.67% | - | 48.63% | 127.95% | 81.13% | 67.34% | 39% | - |
TRN Balance Sheet
Trinity Industries, Inc. (TRN) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 2.33B | 1.19B | 985.8M | 1.12B | 968.3M | 1.25B | 1.29B | 1.23B | 1.21B | 1.09B |
Cash & Short-Term Investments | 1.1B | 179.2M | 277.6M | 228.4M | 302.4M | 294.3M | 235.1M | 374.4M | 201.3M | 252.6M |
Cash Only | 778.6M | 179.2M | 277.6M | 228.4M | 302.4M | 294.3M | 235.1M | 374.4M | 201.3M | 252.6M |
Short-Term Investments | 319.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 204.4M | 317M | 274.8M | 610.2M | 233M | 331.3M | 368.7M | 381.5M | 416.6M | 354.3M |
Days Sales Outstanding | 20.37 | 46.11 | 36.44 | 127.29 | 56.1 | 61.16 | 45.11 | 45.22 | 70.5 | 64.39 |
Inventory | 640.6M | 524.7M | 433.4M | 285.2M | 432.9M | 629.4M | 684.3M | 476.2M | 469.1M | 483.2M |
Days Inventory Outstanding | 85.16 | 98.78 | 72.62 | 78.42 | 136.04 | 142.73 | 101.69 | 72.09 | 108.08 | 119.14 |
Other Current Assets | 1.87B | 171.6M | 0 | 0 | 0 | 0 | 0 | 0 | 122.3M | 0 |
Total Non-Current Assets | 7.21B | 6.8B | 7.72B | 7.58B | 7.27B | 7.47B | 7.62B | 7.6B | 7.22B | 7.24B |
Property, Plant & Equipment | 6.13B | 6.33B | 7.15B | 7.04B | 6.93B | 6.98B | 7.11B | 7.09B | 365.3M | 6.64B |
Fixed Asset Turnover | 0.60x | 0.40x | 0.38x | 0.25x | 0.22x | 0.28x | 0.42x | 0.43x | 5.90x | 0.39x |
Goodwill | 780.3M | 208.8M | 208.8M | 147.2M | 154.2M | 195.9M | 221.5M | 221.5M | 221.5M | 221.5M |
Intangible Assets | 0 | 0 | 18.7M | 0 | 0 | 0 | 0 | 99M | 0 | 0 |
Long-Term Investments | -743.2M | -743.1M | 1.2M | 4.8M | 6.3M | 63.5M | 45.7M | 55.3M | 0 | 74.7M |
Other Non-Current Assets | 295.6M | 253.5M | 332.1M | 383.7M | 177.4M | 230M | 245.8M | 139.2M | 6.63B | 376.1M |
Total Assets | 9.54B▲ 0% | 7.99B▼ 16.3% | 8.7B▲ 8.9% | 8.7B▲ 0.0% | 8.24B▼ 5.4% | 8.72B▲ 5.9% | 8.91B▲ 2.1% | 8.83B▼ 0.8% | 8.42B▼ 4.6% | 8.33B▲ 0% |
Asset Turnover | 0.38x | 0.31x | 0.32x | 0.20x | 0.18x | 0.23x | 0.33x | 0.35x | 0.26x | 0.24x |
Asset Growth % | 4.58% | -16.28% | 8.91% | 0% | -5.35% | 5.93% | 2.09% | -0.83% | -4.62% | -9.12% |
Total Current Liabilities | 615.4M | 580.4M | 546M | 456.1M | 745.2M | 790.6M | 1.28B | 1.44B | 570.8M | 520.1M |
Accounts Payable | 119.5M | 212.1M | 203.9M | 146.1M | 206.4M | 287.5M | 305.3M | 251.7M | 269.6M | 272.9M |
Days Payables Outstanding | 15.89 | 39.93 | 34.16 | 40.17 | 64.86 | 65.19 | 45.37 | 38.1 | 62.12 | 61.5 |
Short-Term Debt | 0 | 0 | 0 | 0 | 231.4M | 242.1M | 673.2M | 840.1M | 0 | 0 |
Deferred Revenue (Current) | 20.5M | 17.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 174M | 0 | 342.1M | 310M | 307.4M | 261M | 291.2M | 322.4M | 0 | 247.2M |
Current Ratio | 3.79x | 2.05x | 1.81x | 2.46x | 1.30x | 1.59x | 1.01x | 0.85x | 2.12x | 2.10x |
Quick Ratio | 2.75x | 1.15x | 1.01x | 1.84x | 0.72x | 0.79x | 0.47x | 0.52x | 1.30x | 1.17x |
Cash Conversion Cycle | 89.65 | 104.96 | 74.9 | 165.54 | 127.28 | 138.69 | 101.43 | 79.21 | 116.46 | 122.04 |
Total Non-Current Liabilities | 4.07B | 4.85B | 5.78B | 6.23B | 6.19B | 6.66B | 6.35B | 6.08B | 6.71B | 6.66B |
Long-Term Debt | 3.24B | 4.03B | 4.88B | 5.02B | 4.94B | 5.37B | 5.08B | 4.85B | 5.44B | 5.38B |
Capital Lease Obligations | 28.3M | 0 | 44.8M | 93.5M | 106.3M | 114.8M | 118.2M | 113.4M | 0 | 0 |
Deferred Tax Liabilities | 743.2M | 743.1M | 798.3M | 1.05B | 1.11B | 1.13B | 1.1B | 1.08B | 1.13B | 4.44B |
Other Non-Current Liabilities | 50.3M | 56.8M | 51.5M | 71.7M | 41.6M | 49.1M | 47.5M | 40.4M | 136.8M | 134.6M |
Total Liabilities | 4.69B | 5.43B | 6.32B | 6.69B | 6.94B | 7.45B | 7.63B | 7.53B | 7.28B | 7.18B |
Total Debt | 3.24B | 4.03B | 4.93B | 5.11B | 5.28B | 5.72B | 5.87B | 5.8B | 5.44B | 5.38B |
Net Debt | 2.46B | 3.85B | 4.65B | 4.88B | 4.97B | 5.43B | 5.64B | 5.43B | 5.24B | 5.13B |
Debt / Equity | 0.67x | 1.57x | 2.07x | 2.53x | 4.07x | 4.51x | 4.60x | 4.44x | 4.75x | 4.70x |
Debt / EBITDA | 4.16x | 7.11x | 7.32x | 49.19x | 10.10x | 9.37x | 8.27x | 7.39x | 8.20x | 8.34x |
Net Debt / EBITDA | 3.16x | 6.79x | 6.90x | 46.99x | 9.52x | 8.89x | 7.94x | 6.91x | 7.90x | 7.94x |
Interest Coverage | 2.06x | 1.85x | 1.78x | -1.45x | 1.29x | 1.60x | 1.56x | 1.81x | 2.37x | 1.29x |
Total Equity | 4.86B▲ 0% | 2.56B▼ 47.3% | 2.38B▼ 7.1% | 2.02B▼ 15.3% | 1.3B▼ 35.7% | 1.27B▼ 2.1% | 1.28B▲ 0.5% | 1.31B▲ 2.5% | 1.15B▼ 12.4% | 1.15B▲ 0% |
Equity Growth % | 12.69% | -47.26% | -7.15% | -15.25% | -35.67% | -2.1% | 0.46% | 2.49% | -12.39% | -31.48% |
Book Value per Share | 31.96 | 17.50 | 18.69 | 17.39 | 12.49 | 15.08 | 15.29 | 15.52 | 13.82 | 13.99 |
Total Shareholders' Equity | 4.5B | 2.21B | 2.03B | 1.74B | 1.03B | 1.01B | 1.04B | 1.06B | 1.08B | 1.08B |
Common Stock | 1.6M | 1.3M | 1.2M | 1.1M | 800K | 800K | 800K | 800K | 1.08B | 0 |
Retained Earnings | 4.12B | 2.33B | 2.18B | 1.77B | 1.05B | 992.6M | 1.01B | 1.05B | 0 | 0 |
Treasury Stock | -1.6M | -1M | -900K | -800K | -600K | -700K | -600K | -600K | 0 | 0 |
Accumulated OCI | -104.8M | -116.8M | -153.1M | -30.9M | -17M | 19.7M | 11M | -4.2M | 0 | 0 |
Minority Interest | 356.9M | 351.2M | 348.8M | 277.2M | 267M | 257.2M | 238.4M | 248.3M | 68.1M | 66.9M |
TRN Cash Flow Statement
Trinity Industries, Inc. (TRN) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 761.6M | 379.1M | 393.6M | 651.7M | 611.8M | -12.8M | 295.6M | 573.8M | 359.7M | 381M |
Operating CF Margin % | 20.79% | 15.11% | 14.3% | 37.25% | 40.36% | -0.65% | 9.91% | 18.63% | 16.68% | - |
Operating CF Growth % | -30.14% | -50.22% | 3.82% | 65.57% | -6.12% | -102.09% | 2409.38% | 94.11% | -37.31% | -102.35% |
Net Income | 713.6M | 163.1M | 122.4M | -250.5M | 170.7M | 93.2M | 140M | 138.4M | 260.3M | 255.2M |
Depreciation & Amortization | 295.4M | 251.9M | 276.5M | 258.5M | 265.7M | 276.4M | 293.2M | 293.8M | 305.1M | 305.1M |
Stock-Based Compensation | 31.1M | 29.2M | 27.8M | 25.4M | 20.7M | 22.5M | 22.7M | 23.6M | 0 | 11.3M |
Deferred Taxes | -337.4M | 57.9M | 52.6M | 238.5M | 13.1M | 14.7M | -41.5M | -22.1M | 0 | 14M |
Other Non-Cash Items | -56M | 19.5M | -2.9M | 579.1M | -194.8M | -158.6M | -98.2M | -28M | -205.7M | -138.1M |
Working Capital Changes | 114.9M | -142.5M | -82.8M | -199.3M | 336.4M | -261M | -20.6M | 168.1M | 0 | -106.1M |
Change in Receivables | 101.9M | -37M | 37.4M | -379.9M | -64.3M | -92M | -22M | -14.3M | 0 | 48.4M |
Change in Inventory | 32.6M | -122M | 87.4M | 106.4M | -147.7M | -193.4M | -54.9M | 208.1M | 0 | -104.9M |
Change in Payables | 19.3M | 92.7M | -10.4M | -50.4M | 59.2M | 78.4M | 2.2M | -53.6M | 0 | -2.3M |
Cash from Investing | -472.7M | -490.5M | -993.3M | -532.9M | 276.3M | -260.7M | -363M | -214.6M | -385.6M | -349.6M |
Capital Expenditures | -712.7M | -985.6M | -1.21B | -698.1M | -570.8M | -966.8M | -710.1M | 0 | -794.9M | -481.3M |
CapEx % of Revenue | 19.46% | 39.28% | 43.97% | 39.9% | 37.65% | 48.89% | 23.8% | 19.35% | 36.85% | 23.32% |
Acquisitions | -47.5M | 247.6M | 0 | 0 | -16.6M | -95.9M | -62.2M | 372.4M | 399.3M | 4.7M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 287.5M | 495.1M | 216.9M | 165.2M | 863.7M | 802M | 409.3M | -587M | 10M | 127M |
Cash from Financing | -73.7M | -511.6M | 526.5M | -168M | -814.1M | 265.4M | 8.2M | -219.9M | -24.9M | -13.9M |
Debt Issued (Net) | 158.2M | 318.8M | 843.7M | 118.5M | 128.3M | 422.1M | 133.8M | -80.1M | 180M | -844.1M |
Equity Issued (Net) | -93.8M | -518.3M | -232.9M | -200.8M | -842.7M | -57.5M | -7.2M | -29.7M | -71.3M | -70.5M |
Dividends Paid | -72.6M | -77.4M | -82.1M | -91.7M | -88.5M | -76.9M | -86M | -93.2M | -98.7M | -98.9M |
Share Repurchases | -93.8M | -518.3M | -232.9M | -200.8M | -842.7M | -57.5M | -7.2M | -29.7M | -71.3M | -70.5M |
Other Financing | -48.5M | -234.7M | -2.2M | 6M | -11.2M | -22.3M | -32.4M | -16.9M | -34.9M | 999.6M |
Net Change in Cash | 215.2M▲ 0% | -623M▼ 389.5% | -73.2M▲ 88.3% | -49.2M▲ 32.8% | 74M▲ 250.4% | -8.1M▼ 110.9% | -59.2M▼ 630.9% | 139.3M▲ 335.3% | -50.8M▼ 136.5% | 17.5M▲ 0% |
Free Cash Flow | 48.9M▲ 0% | -606.5M▼ 1340.3% | -816.6M▼ 34.6% | -46.4M▲ 94.3% | 41M▲ 188.4% | -979.6M▼ 2489.3% | -414.5M▲ 57.7% | -21.9M▲ 94.7% | -435.2M▼ 1887.2% | -282.7M▲ 0% |
FCF Margin % | 1.33% | -24.17% | -29.67% | -2.65% | 2.7% | -49.54% | -13.89% | -0.71% | -20.18% | -13.7% |
FCF Growth % | -68.81% | -1340.29% | -34.64% | 94.32% | 188.36% | -2489.27% | 57.69% | 94.72% | -1887.21% | -1226.29% |
FCF per Share | 0.32 | -4.14 | -6.41 | -0.40 | 0.39 | -11.63 | -4.97 | -0.26 | -5.25 | -3.45 |
FCF Conversion (FCF/Net Income) | 1.08x | 2.38x | 2.86x | -4.42x | 3.36x | -0.21x | 2.79x | 4.15x | 1.42x | -1.11x |
Interest Paid | 0 | 158.9M | 208.1M | 205.5M | 0 | 190.5M | 246.2M | 271.4M | 0 | 0 |
Taxes Paid | 0 | 4.1M | 0 | 0 | 0 | 19.3M | 42.4M | 54.6M | 0 | 0 |
TRN Key Ratios
Trinity Industries, Inc. (TRN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 15.32% | 4.29% | 5.57% | -6.7% | 10.99% | 4.68% | 8.33% | 10.72% | 20.64% | 21.27% |
Return on Invested Capital (ROIC) | 5.83% | 3.44% | 4.43% | -1.67% | 2.93% | 3.86% | 4.6% | 5.4% | 4.1% | 3.89% |
Gross Margin | 25.04% | 22.73% | 20.85% | 24.14% | 23.38% | 18.6% | 17.67% | 21.7% | 26.55% | 27.01% |
Net Margin | 19.18% | 6.35% | 5% | -8.42% | 12.01% | 3.04% | 3.55% | 4.49% | 11.73% | 12.37% |
Debt / Equity | 0.67x | 1.57x | 2.07x | 2.53x | 4.07x | 4.51x | 4.60x | 4.44x | 4.75x | 4.70x |
Interest Coverage | 2.06x | 1.85x | 1.78x | -1.45x | 1.29x | 1.60x | 1.56x | 1.81x | 2.37x | 1.29x |
FCF Conversion | 1.08x | 2.38x | 2.86x | -4.42x | 3.36x | -0.21x | 2.79x | 4.15x | 1.42x | -1.11x |
Revenue Growth | -20.17% | -31.5% | 9.7% | -36.43% | -13.36% | 30.43% | 50.88% | 3.21% | -29.95% | -27.72% |
Related:TRN Dividend History·TRN Revenue History·TRN Price History·TRN P/E History·TRN Financial Ratios·TRN Institutional Holders
TRN SEC Filings & Documents
Trinity Industries, Inc. (TRN) SEC filings — annual & quarterly reports (10-K, 10-Q)
TRN Frequently Asked Questions
Trinity Industries, Inc. (TRN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Trinity Industries, Inc. (TRN) reported $2.06B in revenue for fiscal year 2025. This represents a 17% decrease from $2.50B in 1996.
Trinity Industries, Inc. (TRN) saw revenue decline by 30.0% over the past year.
Yes, Trinity Industries, Inc. (TRN) is profitable, generating $255.2M in net income for fiscal year 2025 (11.7% net margin).
Dividend & Returns
Yes, Trinity Industries, Inc. (TRN) pays a dividend with a yield of 3.45%. This makes it attractive for income-focused investors.
Trinity Industries, Inc. (TRN) has a return on equity (ROE) of 20.6%. This is excellent, indicating efficient use of shareholder capital.
Trinity Industries, Inc. (TRN) had negative free cash flow of $282.7M in fiscal year 2025, likely due to heavy capital investments.