Trinity Industries, Inc. (TRN) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Railroads
EV/EBITDA
↓
12.31
+0% vs avg
5yr avg: 12.29
30Y Low3.0·High76.4
P/FCF
N/A
—
5yr avg: 76.46
30Y Low4.2·High83.8
P/B Ratio
↓
2.65
↑+29% vs avg
5yr avg: 2.06
30Y Low0.5·High2.4
ROE
↑
20.6%
↓+86% vs avg
5yr avg: 11.1%
30Y Low-8%·High21%
Debt/EBITDA
↓
8.20
↓-5% vs avg
5yr avg: 8.67
30Y Low0.8·High49.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TRN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Trinity Industries, Inc. trades at 12.0x earnings, 64% below its 5-year average of 33.7x, sitting at the 58th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a discount of 53%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.9B | $2.2B | $3.0B | $2.2B | $2.5B | $3.1B | $3.1B | $2.8B | $3.0B | $4.1B | $3.0B |
| Enterprise Value | $8.2B | $7.4B | $8.4B | $7.9B | $7.9B | $8.1B | $7.9B | $7.5B | $6.9B | $6.6B | $5.5B |
| P/E Ratio → | 12.01 | 8.67 | 21.40 | 20.94 | 37.91 | 79.47 | — | 20.70 | 18.89 | 5.96 | 8.88 |
| P/S Ratio | 1.36 | 1.02 | 0.96 | 0.74 | 1.26 | 2.07 | 1.75 | 1.02 | 1.20 | 1.12 | 0.65 |
| P/B Ratio | 2.65 | 1.91 | 2.26 | 1.74 | 1.96 | 2.42 | 1.52 | 1.19 | 1.18 | 0.84 | 0.69 |
| P/FCF | — | — | — | — | — | 76.46 | — | — | — | 83.80 | 18.94 |
| P/OCF | 8.13 | 6.09 | 5.15 | 7.50 | — | 5.12 | 4.69 | 7.16 | 7.95 | 5.38 | 2.72 |
P/E links to full P/E history page with 30-year chart
TRN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Trinity Industries, Inc.'s enterprise value stands at 12.3x EBITDA, roughly in line with its 5-year average of 12.3x. The Industrials sector median is 13.8x, placing the stock at a 11% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.45 | 2.72 | 2.63 | 4.00 | 5.35 | 4.54 | 2.71 | 2.74 | 1.79 | 1.19 |
| EV / EBITDA | 12.31 | 11.20 | 10.68 | 11.06 | 12.97 | 15.52 | 76.43 | 11.09 | 12.11 | 8.43 | 5.33 |
| EV / EBIT | 22.79 | 11.44 | 16.93 | 18.95 | 23.59 | 32.88 | — | 18.87 | 20.74 | 17.29 | 7.35 |
| EV / FCF | — | — | — | — | — | 197.79 | — | — | — | 134.19 | 34.84 |
TRN Profitability
Margins and return-on-capital ratios measuring operating efficiency
Trinity Industries, Inc. earns an operating margin of 16.6%, above the Industrials sector average of 4.9%. Operating margins have expanded from 14.0% to 16.6% over the past 3 years, signaling improving operational efficiency. ROE of 20.6% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 4.1% represents below-average returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.6% | 26.6% | 21.7% | 17.7% | 18.6% | 23.4% | 24.1% | 20.9% | 22.7% | 25.0% | 24.7% |
| Operating Margin | 16.6% | 16.6% | 16.0% | 14.0% | 16.9% | 16.9% | -8.8% | 14.4% | 12.6% | 15.0% | 16.2% |
| Net Profit Margin | 11.7% | 11.7% | 4.5% | 3.6% | 3.0% | 12.0% | -8.4% | 5.0% | 6.3% | 19.2% | 7.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.6% | 20.6% | 10.7% | 8.3% | 4.7% | 11.0% | -6.7% | 5.6% | 4.3% | 15.3% | 7.8% |
| ROA | 2.9% | 2.9% | 1.6% | 1.2% | 0.7% | 2.1% | -1.7% | 1.6% | 1.8% | 7.5% | 3.8% |
| ROIC | 4.1% | 4.1% | 5.4% | 4.6% | 3.9% | 2.9% | -1.7% | 4.4% | 3.4% | 5.8% | 8.2% |
| ROCE | 4.7% | 4.7% | 6.5% | 5.4% | 4.3% | 3.3% | -1.9% | 5.1% | 3.9% | 6.3% | 8.9% |
TRN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Trinity Industries, Inc. carries a Debt/EBITDA ratio of 8.2x, which is highly leveraged (157% above the sector average of 3.2x). Net debt stands at $5.2B ($5.4B total debt minus $201M cash). Interest coverage of just 2.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.75 | 4.75 | 4.44 | 4.60 | 4.51 | 4.07 | 2.53 | 2.07 | 1.57 | 0.67 | 0.71 |
| Debt / EBITDA | 8.20 | 8.20 | 7.39 | 8.27 | 9.37 | 10.10 | 49.19 | 7.32 | 7.11 | 4.16 | 2.98 |
| Net Debt / Equity | — | 4.58 | 4.15 | 4.42 | 4.28 | 3.84 | 2.42 | 1.95 | 1.50 | 0.51 | 0.58 |
| Net Debt / EBITDA | 7.90 | 7.90 | 6.91 | 7.94 | 8.89 | 9.52 | 46.99 | 6.90 | 6.79 | 3.16 | 2.43 |
| Debt / FCF | — | — | — | — | — | 121.33 | — | — | — | 50.38 | 15.90 |
| Interest Coverage | 2.37 | 2.37 | 1.81 | 1.56 | 1.60 | 1.29 | -1.45 | 1.78 | 1.85 | 2.06 | 4.09 |
TRN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Trinity Industries, Inc.'s current ratio of 2.12x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.30x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.01x to 2.12x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.12 | 2.12 | 0.85 | 1.01 | 1.59 | 1.30 | 2.46 | 1.81 | 2.05 | 3.79 | 3.65 |
| Quick Ratio | 1.30 | 1.30 | 0.52 | 0.47 | 0.79 | 0.72 | 1.84 | 1.01 | 1.15 | 2.75 | 2.50 |
| Cash Ratio | 0.35 | 0.35 | 0.26 | 0.18 | 0.37 | 0.41 | 0.50 | 0.51 | 0.31 | 1.78 | 1.37 |
| Asset Turnover | — | 0.26 | 0.35 | 0.33 | 0.23 | 0.18 | 0.20 | 0.32 | 0.31 | 0.38 | 0.50 |
| Inventory Turnover | 3.38 | 3.38 | 5.06 | 3.59 | 2.56 | 2.68 | 4.65 | 5.03 | 3.70 | 4.29 | 5.19 |
| Days Sales Outstanding | — | 70.50 | 45.22 | 45.11 | 61.16 | 56.10 | 127.29 | 36.44 | 46.11 | 20.37 | 38.25 |
TRN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Trinity Industries, Inc. returns 5.7% to shareholders annually — split between a 3.2% dividend yield and 2.4% buyback yield. The payout ratio of 39.0% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 8.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.2% | 4.5% | 3.2% | 3.9% | 3.1% | 2.8% | 3.0% | 2.9% | 2.6% | 1.8% | 2.2% |
| Payout Ratio | 39.0% | 39.0% | 67.3% | 81.1% | 128.0% | 48.6% | — | 59.7% | 48.6% | 10.3% | 19.4% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.3% | 11.5% | 4.7% | 4.8% | 2.6% | 1.3% | — | 4.8% | 5.3% | 16.8% | 11.3% |
| FCF Yield | — | — | — | — | — | 1.3% | — | — | — | 1.2% | 5.3% |
| Buyback Yield | 2.4% | 3.3% | 1.0% | 0.3% | 2.3% | 26.9% | 6.6% | 8.3% | 17.2% | 2.3% | 1.7% |
| Total Shareholder Yield | 5.7% | 7.8% | 4.2% | 4.2% | 5.4% | 29.7% | 9.6% | 11.2% | 19.8% | 4.1% | 4.0% |
| Shares Outstanding | — | $83M | $84M | $83M | $84M | $104M | $116M | $127M | $146M | $152M | $149M |
Peer Comparison
Compare TRN with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TRNYou | $3B | 12.0 | 12.3 | — | 26.6% | 16.6% | 20.6% | 4.1% | 8.2 |
 GNSS | $90M | -5.0 | — | — | 41.6% | -41.2% | -183.6% | -56.7% | — |
 GBX | $2B | 7.9 | 6.7 | — | 18.6% | 10.4% | 12.3% | 7.6% | 4.0 |
 RAIL | $254M | 7.3 | 8.5 | 8.1 | 14.6% | 6.8% | — | — | 3.8 |
 GATX | $7B | 20.1 | 14.5 | — | 48.6% | 30.7% | 11.0% | 3.7% | 13.0 |
 WAB | $45B | 38.9 | 21.0 | 30.1 | 31.5% | 16.7% | 11.0% | 9.6% | 2.3 |
 TT | $104B | 36.2 | 25.3 | 37.0 | 36.2% | 18.6% | 36.3% | 26.2% | 1.1 |
 ACM | $11B | 19.4 | 10.4 | 15.7 | 7.5% | 6.4% | 22.2% | 18.6% | 2.8 |
 TREX | $4B | 22.0 | 13.5 | 30.6 | 39.2% | 22.0% | 20.2% | 16.4% | 0.7 |
 CSX | $83B | 28.9 | 17.5 | 48.3 | 33.2% | 32.1% | 22.5% | 10.9% | 3.3 |
 UNP | $157B | 22.1 | 15.2 | 28.6 | 59.4% | 40.1% | 40.4% | 15.2% | 2.6 |
| Industrials Median | — | 25.5 | 13.8 | 20.7 | 32.7% | 4.9% | 8.2% | 6.3% | 3.2 |
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Start ComparisonTRN — Frequently Asked Questions
Quick answers to the most common questions about buying TRN stock.
What is Trinity Industries, Inc.'s P/E ratio?
Trinity Industries, Inc.'s current P/E ratio is 12.0x. The historical average is 15.0x. This places it at the 58th percentile of its historical range.
What is Trinity Industries, Inc.'s EV/EBITDA?
Trinity Industries, Inc.'s current EV/EBITDA is 12.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.8x.
What is Trinity Industries, Inc.'s ROE?
Trinity Industries, Inc.'s return on equity (ROE) is 20.6%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 9.5%.
Is TRN stock overvalued?
Based on historical data, Trinity Industries, Inc. is trading at a P/E of 12.0x. This is at the 58th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Trinity Industries, Inc.'s dividend yield?
Trinity Industries, Inc.'s current dividend yield is 3.25% with a payout ratio of 39.0%.
What are Trinity Industries, Inc.'s profit margins?
Trinity Industries, Inc. has 26.6% gross margin and 16.6% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Trinity Industries, Inc. have?
Trinity Industries, Inc.'s Debt/EBITDA ratio is 8.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.