Trinity Industries, Inc. (TRN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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TRN Revenue Growth
Revenue Breakdown (FY 2025)
TRN's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
TRN Revenue Analysis (2014–2025)
As of May 8, 2026, Trinity Industries, Inc. (TRN) generated trailing twelve-month (TTM) revenue of $2.06 billion, reflecting significant decline in growth of -16.0% year-over-year. The most recent quarter (Q1 2026) recorded $492.0 million in revenue, down 19.5% sequentially.
Looking at the longer-term picture, TRN's 5-year compound annual growth rate (CAGR) stands at +4.3%, indicating moderate growth over time. The company achieved its highest annual revenue of $6.39 billion in 2015.
Revenue diversification analysis shows TRN's business is primarily driven by Manufacturing (100%). With over half of revenue concentrated in Manufacturing, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including GNSS (+91.4% YoY), GBX (-15.0% YoY), and RAIL (-5.2% YoY), TRN has underperformed the peer group in terms of revenue growth. Compare TRN vs GNSS →
TRN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TRNCurrent | $2.1B | -16.0% | +4.3% | 16.6% | |
 GNSS | $41M | +91.4% | -1.1% | -41.2% | |
 GBX | $3.2B | -15.0% | +3.0% | 10.4% | |
 RAIL | $501M | -5.2% | +35.8% | 6.8% | |
 GATX | $1.7B | +16.9% | +7.6% | 30.7% | |
 WAB | $11.2B | +9.6% | +8.1% | 16.7% |
TRN Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.16B | -30.0% | $572.7M | 26.6% | $358.4M | 16.6% |
| 2024 | $3.08B | +3.2% | $668.2M | 21.7% | $491.5M | 16.0% |
| 2023 | $2.98B | +50.9% | $527.1M | 17.7% | $417.0M | 14.0% |
| 2022 | $1.98B | +30.4% | $367.7M | 18.6% | $334.0M | 16.9% |
| 2021 | $1.52B | -13.4% | $354.5M | 23.4% | $256.8M | 16.9% |
| 2020 | $1.75B | -36.4% | $422.3M | 24.1% | $-154,600,000 | -8.8% |
| 2019 | $2.75B | +9.7% | $574.0M | 20.9% | $396.8M | 14.4% |
| 2018 | $2.51B | -31.5% | $570.3M | 22.7% | $315.1M | 12.6% |
| 2017 | $3.66B | -20.2% | $917.3M | 25.0% | $549.1M | 15.0% |
| 2016 | $4.59B | -28.2% | $1.13B | 24.7% | $742.2M | 16.2% |
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Start ComparisonTRN — Frequently Asked Questions
Quick answers to the most common questions about buying TRN stock.
Is TRN's revenue growth accelerating or slowing?
TRN revenue declined -16.0% year-over-year, contrasting with the 5-year CAGR of +4.3%. TTM revenue fell to $2.1B. This reverses the prior growth trend.
What is TRN's long-term revenue growth rate?
Trinity Industries, Inc.'s 5-year revenue CAGR of +4.3% reflects the variable expansion pattern. Current YoY growth of -16.0% is below this long-term average.
How is TRN's revenue distributed by segment?
TRN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.