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Apr 30, 2026·SEC
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Trinity Industries, Inc.(TRN)Earnings, Financials & Key Ratios
TRN•NYSE
$33.88
11.1× P/E·Price updated Jul 2, 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 Price & Volume
Trinity Industries, Inc. (TRN) stock price & volume — 10-year historical chart
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Persistent Revenue Contraction Challenges Capital Intensive Model
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Moderate
Financial:Strained
Cash Flow:Mixed
Primary Risk:Cyclical manufacturing demand volatility
Key Thesis Takeaways
- Trinity Industries faces a challenging outlook characterized by a 16.0% year-over-year revenue decline in 2026Q1 and persistent free cash flow deficits driven by heavy capital expenditure requirements.
- While the company maintains a resilient 26.2% gross margin, its reliance on asset sales to bolster net income and a high debt-to-equity ratio of 4.70x suggest significant structural risks.
- Investors should monitor whether the company can stabilize its core leasing and manufacturing segments without further eroding its $8.3 billion asset base.
Verdict Logic
the company's reliance on non-operating items to inflate net income and a persistent inability to generate positive free cash flow, evidenced by negative margins in eight of the last ten quarters, warrant caution despite the 3.3% dividend yield.
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 →
Peers Comparison
Key metrics vs top competitors for Trinity Industries, Inc. (TRN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $33.88 | $2.7B | 11.11 | -29.95% | 11.73% | 20.64% | 3.51% | |
| $1.77 | $80.61M | -4.43 | 69.76% | -13.44% | -314.53% | — | |
| $47.88 | $1.48B | 7.54 | -8.66% | 13.69% | 6.01% | — | |
| $9.60 | $305.35M | 8.81 | -10.45% | 6.25% | — | — | |
| $171.73 | $6.1B | 18.83 | 9.77% | 17.88% | 10.73% | — | |
| $264.00 | $44.79B | 38.65 | 7.51% | 10.52% | 10.9% | — |
Compare TRN vs Peers
Trinity Industries, Inc. (TRN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TRN SEC Filings & Documents
Trinity Industries, Inc. (TRN) SEC filings — annual & quarterly reports (10-K, 10-Q)
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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 $2.06B in revenue for fiscal year 2025. This represents a 17% decrease from $2.50B in 1996.
How fast is Trinity Industries, Inc. growing?
Trinity Industries, Inc. (TRN) saw revenue decline by 30.0% over the past year.
Is TRN profitable?
Yes, Trinity Industries, Inc. (TRN) is profitable, generating $255.2M in net income for fiscal year 2025 (11.7% net margin).
Dividend & Returns
Does TRN pay dividends?
Yes, Trinity Industries, Inc. (TRN) pays a dividend with a yield of 3.51%. This makes it attractive for income-focused investors.
What is TRN's return on equity?
Trinity Industries, Inc. (TRN) has a return on equity (ROE) of 20.6%. This is excellent, indicating efficient use of shareholder capital.
What is Trinity Industries, Inc.'s free cash flow?
Trinity Industries, Inc. (TRN) had negative free cash flow of $282.7M in fiscal year 2025, likely due to heavy capital investments.