Trinity Industries, Inc. (TRN) Revenue History
Annual and quarterly revenue from 1990 to present
TRN Revenue Over Time (1990–2025)
TRN Revenue Growth History
20 of 35 years with positive growth- FY1990 revenue growth
- N/A
- FY1991 revenue growth
- -3.6%
- FY1992 revenue growth
- -5.6%
- FY1993 revenue growth
- +29.2%
- FY1994 revenue growth
- +15.9%
- FY1995 revenue growth
- +29.7%
- FY1996 revenue growth
- +7.8%
- FY1997 revenue growth
- -10.5%
- FY1998 revenue growth
- +10.7%
- FY1999 revenue growth
- +18.4%
- FY2000 revenue growth
- -6.4%
- FY2001 revenue growth
- -30.5%
- FY2002 revenue growth
- -21.9%
- FY2003 revenue growth
- -3.7%
- FY2004 revenue growth
- +53.4%
- FY2005 revenue growth
- +32.0%
- FY2006 revenue growth
- +10.9%
- FY2007 revenue growth
- +19.1%
- FY2008 revenue growth
- +1.3%
- FY2009 revenue growth
- -33.7%
- FY2010 revenue growth
- -15.0%
- FY2011 revenue growth
- +40.5%
- FY2012 revenue growth
- +24.0%
- FY2013 revenue growth
- +14.5%
- FY2014 revenue growth
- +41.3%
- FY2015 revenue growth
- +3.6%
- FY2016 revenue growth
- -28.2%
- FY2017 revenue growth
- -20.2%
- FY2018 revenue growth
- -31.5%
- FY2019 revenue growth
- +9.7%
- FY2020 revenue growth
- -36.4%
- FY2021 revenue growth
- -13.4%
- FY2022 revenue growth
- +30.4%
- FY2023 revenue growth
- +50.9%
- FY2024 revenue growth
- +3.2%
- FY2025 revenue growth
- -30.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $492.0M | -16.0% |
| Q4 2025 | $611.2M | -2.9% |
| Q3 2025 | $454.1M | -43.2% |
| Q2 2025 | $506.2M | -39.8% |
| Q1 2025 | $585.4M | -27.7% |
| Q4 2024 | $629.4M | -21.1% |
| Q3 2024 | $798.8M | -2.7% |
| Q2 2024 | $841.4M | +16.5% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
TRN's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
TRN Revenue Analysis (1990–2025)
Current Revenue & Growth
As of June 28, 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.
Historical Growth Trajectory
TRN's 5-year compound annual growth rate (CAGR) stands at +4.3%, indicating moderate growth over time. The 3-year CAGR of +2.9% is below the 5-year average, signalling a growth deceleration in recent years. Trinity Industries, Inc.'s highest annual revenue of $6.39 billion was recorded in 2015.
Revenue by Segment
TRN's revenue is primarily driven by Manufacturing (100%). With over half of revenue concentrated in Manufacturing, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including GNSS (+114.0% YoY), GBX (-17.6% YoY), and RAIL (-5.2% YoY) — TRN has underperformed the peer group in 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 | +114.0% | -1.1% | -41.2% | |
 GBX | $3.2B | -17.6% | +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 (1990–2025)
| 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% |
| 2015 | $6.39B | +3.6% | $1.74B | 27.2% | $1.44B | 22.5% |
| 2014 | $6.17B | +41.3% | $1.55B | 25.1% | $1.25B | 20.3% |
| 2013 | $4.37B | +14.5% | $1.04B | 23.9% | $772.9M | 17.7% |
| 2012 | $3.81B | +24.0% | $760.4M | 19.9% | $574.8M | 15.1% |
| 2011 | $3.08B | +40.5% | $592.2M | 19.3% | $425.3M | 13.8% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
36+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
TRN — Frequently Asked Questions
Quick answers to the most common questions about buying TRN stock.
Is TRN's revenue growth accelerating or slowing?
TRN revenue is declining -16.0% year-over-year. TTM revenue fell to $2.1B, contrasting with the 5-year CAGR of +4.3%. The reversal reflects either macro headwinds or company-specific challenges.
What is TRN's revenue history from 1990 to 2026?
Trinity Industries, Inc. (TRN) revenue history spans 1990 to 2026. TTM revenue as of 2026 is $2.1B, growing at -16.0% YoY. The 5-year CAGR is +4.3%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is TRN's long-term revenue growth rate (CAGR)?
Trinity Industries, Inc.'s 5-year revenue CAGR of +4.3% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -16.0% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for TRN.
Why does TRN's quarterly revenue fluctuate?
TRN quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Trinity Industries, Inc.'s revenue data from 1990 to 2026 shows full historical quarterly detail on this page.
How is TRN's revenue distributed by segment?
TRN reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does TRN's revenue compare to industry peers?
Trinity Industries, Inc. (TRN) with TTM revenue of $2.1B and -16.0% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.