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TRNTrinity Industries, Inc.
$29.43$2.3B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
TRN logo

Trinity Industries, Inc.

TRN
NYSE · Railroads & Railcars
$29.43
At close - Nov 6, 4:00 PM EST - USD
Market Cap$2.34B
P/E7.2x
52W High$38.31
Volume664.35K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Cyclical Revenue Slump Pressures Margins Under Heavy Leverage

Trinity's revenue has contracted roughly 42 percent from $841.4M in 2024Q2 to $485.1M in 2026Q2, and gross margin compressed to 17.9% in 2026Q3, suggesting the railcar leasing and manufacturing cycle remains in a sustained downturn rather than a single soft quarter.

GrowthDecelerating
ProfitabilityStrained
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

TRN price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

7/12 Beats

EPS beat 7 of last 12 quarters

02

Valuation risk

-73% Peers

P/E is 73% below peer median

03

Market leadership

RS 50 · Avg

Average momentum (RS Rating: 50)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Jan 29

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
TRN+13.80%
S&P 500 (^GSPC)+7.63%
1-Year Return
TRN+18.42%
S&P 500 (^GSPC)+9.69%
3-Year Return
TRN+37.86%
S&P 500 (^GSPC)+63.75%
5-Year Return
TRN+15.65%
S&P 500 (^GSPC)+52.39%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
7.2x
Forward P/E
13.1x
EV/EBITDA60th %ile
12.4x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
7.2x
21.4x
0th· Low
EV/EBITDA
12.4x
11.2x
60th· Fair
Price/FCF
N/A
76.5x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$0.00N/A
Base (Fair)$35.86+21.8%
Bull$30.89+5.0%
$0.00 Bear$35.86 Base$30.89 Bull
Current Market Price: $29.43
Trades at a 17.9% discount to Base DCF ($35.86)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$2.16B-30.0% YoY
Net income FY25
$253M+82.9% YoY
Free cash flow FY25
-$435M-1887.2% YoY
Operating margin FY25
16.6%+0.7 pts YoY
ROIC (FY25)4.1%
Avg ROIC 5Y4.2%
ROE (TTM)29%
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate7/12 (58%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 29, 2026
$0.27+1.9%
vs $0.27
$535M-1.5%
vs $543M
Q3 2026
Jul 30, 2026
$1.25-6.7%
vs $1.34
$485M+2.2%
vs $475M
Q2 2026
Apr 30, 2026
$0.32+16.4%
vs $0.28
$492M-8.7%
vs $539M
Q1 2026
Feb 12, 2026
$2.31+0.4%
vs $2.30
$611M+7.1%
vs $570M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Business Wire·Oct 29, 2026
Trinity Industries, Inc. Announces Third Quarter 2026 Results

DALLAS--(BUSINESS WIRE)--Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the third quarter ended September 30, 2026. Financial and Operational Highlights – Third Quarter Quarterly total company revenues of $535 million Quarterly income from continuing operations per common diluted share ("EPS") of $0.27 Lease fleet utilization of 97.0% and Future Lease Rate Differential ("FLRD") of 0.1% at quarter-end New railcar orders of 2,190 and railcar deliveries of 2,030 Year-to-d.

Defense World·Oct 12, 2026
Critical Analysis: Daimler Truck (OTCMKTS:DTRUY) versus Trinity Industries (NYSE:TRN)

Trinity Industries (NYSE: TRN - Get Free Report) and Daimler Truck (OTCMKTS:DTRUY - Get Free Report) are both industrials companies, but which is the better stock? We will contrast the two companies based on the strength of their earnings, institutional ownership, valuation, risk, dividends, profitability and analyst recommendations. Analyst Recommendations This is a summary of recent

Business Wire·Oct 8, 2026
Trinity Industries, Inc. Announces Date for Earnings Release

DALLAS--(BUSINESS WIRE)--Trinity Industries, Inc. (NYSE: TRN) (“Trinity”) announced today that it will report its financial results for the three and nine months ended September 30, 2026 before the financial markets open on October 29, 2026. Trinity will conduct a conference call shortly thereafter at 8:00 a.m. Eastern on October 29, 2026 to discuss its results. Investors may listen to the conference call via the following live and replay methods: Webcast: To listen to our earnings conference c.

Business Wire·Oct 5, 2026
Trinity Industries Statement on Antidumping and Countervailing Duty Petition Filed Against Railway Tank Car Imports from Mexico

DALLAS--(BUSINESS WIRE)--Trinity Industries, Inc. (NYSE: TRN) (“Trinity”), a leading provider of railcar products and services across North America, is aware of and will fully defend against the antidumping and countervailing duty petition filed by UTLX Manufacturing LLC (“UTLX”), a wholly owned subsidiary of Berkshire Hathaway, Inc. UTLX filed its petition with the U.S. Department of Commerce and the U.S. International Trade Commission targeting imports of railway tank cars from Mexico. Trinit.

Filtered for Trinity Industries, Inc.More Headlines
04

Compare before deciding

Benchmark TRN against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Trinity Industries, Inc. (TRN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
TRN logoTRNTrinity Industries, Inc.Current
$29.43$2.34B7.21-29.95%15.57%28.95%4.05%
GNSS logoGNSSGenasys Inc.
$1.40$63.76M-10.3269.76%-10.86%-435.06%—
GBX logoGBXThe Greenbrier Companies, Inc.
$41.51$1.28B17.81-23.88%3.01%4.31%3.23%
RAIL logoRAILFreightCar America, Inc.
$4.24$139.04M-10.86-10.45%-2.69%——
GATX logoGATXGATX Corporation
$182.74$6.49B16.549.77%17.69%10.85%1.37%
WAB logoWABWestinghouse Air Brake Technologies Corporation
$283.59$47.9B34.997.51%11.2%12.13%0.36%

Compare TRN vs Peers

Trinity Industries, Inc. (TRN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GNSS

Most directly comparable listed peer for TRN.

Scale Benchmark

vs CAT

Larger-name benchmark to compare TRN against a more recognizable public peer.

Peer Set

Compare Top 5

vs GNSS, GBX, RAIL, GATX

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

TRN SEC Filings & Documents

Trinity Industries, Inc. (TRN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Oct 29, 2026·SEC

Material company update

Oct 22, 2026·SEC

Material company update

Jul 30, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 20, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Oct 29, 2026·SEC

FY 2026

Jul 30, 2026·SEC

FY 2026

Apr 30, 2026·SEC

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TRN Frequently Asked Questions

Trinity Industries, Inc. (TRN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Trinity Industries, Inc.'s revenue?

Trinity Industries, Inc. (TRN) reported $2.12B in revenue over the trailing twelve months. Revenue was $2.16B in fiscal year 2025. That is 14% less than the $2.50B of fiscal year 1996.

How fast is Trinity Industries, Inc. growing?

Trinity Industries, Inc. (TRN) revenue fell by 2.4% over the trailing twelve months, compared with the twelve months before.

Is TRN profitable?

Yes. Trinity Industries, Inc. (TRN) earned $330.6M in net income over the trailing twelve months (a 15.6% net margin).

Dividend & Returns
Does TRN pay dividends?

Yes. Trinity Industries, Inc. (TRN) pays a dividend that yields 4.05% at the current price, a high yield.

What is TRN's return on equity?

Trinity Industries, Inc. (TRN) had a return on equity (ROE) of 29.0% over the trailing twelve months. That is well above the market's typical 10-15%.

What is Trinity Industries, Inc.'s free cash flow?

Trinity Industries, Inc. (TRN) had negative free cash flow of $271.6M over the trailing twelve months.

What if you invested $1,000 in TRN back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →