Trinity Industries, Inc. (TRN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 492M | 611.2M | 454.1M | 506.2M | 585.4M | 629.4M | 798.8M | 841.4M | 809.6M | 797.9M | 821.3M | 722.4M | 641.7M | 591.2M | 496.6M | 416.8M | 472.7M | 242.2M | 419.8M | 293.3M |
| Revenue Growth % | -15.95% | -2.89% | -43.15% | -39.84% | -27.69% | -21.12% | -2.74% | 16.47% | 26.16% | 34.96% | 65.38% | 73.32% | 35.75% | 144.1% | 18.29% | 42.11% | 42.94% | -41.72% | -8.62% | -42.4% |
| Cost of Goods Sold | 363.1M | 458.3M | 313.9M | 370.9M | 438.5M | 474.4M | 629.3M | 665.5M | 646.4M | 637M | 679.5M | 601.2M | 538.5M | 490.2M | 395.3M | 325.6M | 398.5M | 207.6M | 337.4M | 202.1M |
| COGS % of Revenue | 73.8% | 74.98% | 69.13% | 73.27% | 74.91% | 75.37% | 78.78% | 79.09% | 79.84% | 79.83% | 82.73% | 83.22% | 83.92% | 82.92% | 79.6% | 78.12% | 84.3% | 85.71% | 80.37% | 68.91% |
| Gross Profit | 128.9M | 152.9M | 140.2M | 135.3M | 146.9M | 155M | 169.5M | 179M | 163.2M | 160.9M | 141.8M | 121.2M | 103.2M | 101M | 101.3M | 91.2M | 74.2M | 34.6M | 82.4M | 91.2M |
| Gross Margin % | 26.2% | 25.02% | 30.87% | 26.73% | 25.09% | 24.63% | 21.22% | 21.27% | 20.16% | 20.17% | 17.27% | 16.78% | 16.08% | 17.08% | 20.4% | 21.88% | 15.7% | 14.29% | 19.63% | 31.09% |
| Gross Profit Growth % | -12.25% | -1.35% | -17.29% | -24.41% | -9.99% | -3.67% | 19.53% | 47.69% | 58.14% | 59.31% | 39.98% | 32.89% | 39.08% | 191.91% | 22.94% | 0% | -12.09% | -71.24% | -34.03% | -19.01% |
| Operating Expenses | 50.7M | 69.7M | 45.2M | 49.4M | 50M | 43M | 47.1M | 37.1M | 52.3M | 12.2M | 41.6M | 22.1M | 34.2M | -12.5M | 8.6M | 18.2M | 19.4M | -2.4M | 4.1M | 33.4M |
| OpEx % of Revenue | 10.3% | 11.4% | 9.95% | 9.76% | 8.54% | 6.83% | 5.9% | 4.41% | 6.46% | 1.53% | 5.07% | 3.06% | 5.33% | -2.11% | 1.73% | 4.37% | 4.1% | -0.99% | 0.98% | 11.39% |
| Selling, General & Admin | 50.7M | 69.7M | 45.2M | 49.4M | 50M | 61.6M | 60.5M | 61.3M | 52.3M | 48.6M | 49.1M | 54.3M | 49.9M | 47.9M | 48M | 45M | 44.7M | 12.6M | 45.8M | 46.2M |
| SG&A % of Revenue | 10.3% | 11.4% | 9.95% | 9.76% | 8.54% | 9.79% | 7.57% | 7.29% | 6.46% | 6.09% | 5.98% | 7.52% | 7.78% | 8.1% | 9.67% | 10.8% | 9.46% | 5.2% | 10.91% | 15.75% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K | 0 | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Operating Income | 78.2M | 83.2M | 95M | 85.9M | 96.9M | 112M | 122.4M | 141.9M | 110.9M | 148.7M | 100.2M | 99.1M | 69M | 113.5M | 92.7M | 73M | 54.8M | 37M | 78.3M | 57.8M |
| Operating Margin % | 15.89% | 13.61% | 20.92% | 16.97% | 16.55% | 17.79% | 15.32% | 16.86% | 13.7% | 18.64% | 12.2% | 13.72% | 10.75% | 19.2% | 18.67% | 17.51% | 11.59% | 15.28% | 18.65% | 19.71% |
| Operating Income Growth % | -19.3% | -25.71% | -22.39% | -39.46% | -12.62% | -24.68% | 22.16% | 43.19% | 60.72% | 31.01% | 8.09% | 35.75% | 25.91% | 206.76% | 18.39% | 26.3% | 6.41% | 0.27% | 7.41% | 118.81% |
| EBITDA | 150.8M | 161.9M | 171.9M | 161.1M | 171.2M | 185.6M | 195.4M | 215.7M | 184.3M | 222M | 173.3M | 171.9M | 143M | 183.9M | 162.5M | 142.3M | 121.7M | 96.4M | 146.9M | 125M |
| EBITDA Margin % | 30.65% | 26.49% | 37.86% | 31.83% | 29.24% | 29.49% | 24.46% | 25.64% | 22.76% | 27.82% | 21.1% | 23.8% | 22.28% | 31.11% | 32.72% | 34.14% | 25.75% | 39.8% | 34.99% | 42.62% |
| EBITDA Growth % | -11.92% | -12.77% | -12.03% | -25.31% | -7.11% | -16.4% | 12.75% | 25.48% | 28.88% | 20.72% | 6.65% | 20.8% | 17.5% | 90.77% | 10.62% | 13.84% | 4.82% | -6.77% | 6.6% | 152.17% |
| D&A (Non-Cash Add-back) | 72.6M | 78.7M | 76.9M | 75.2M | 74.3M | 73.6M | 73M | 73.8M | 73.4M | 73.3M | 73.1M | 72.8M | 74M | 70.4M | 69.8M | 69.3M | 66.9M | 59.4M | 68.6M | 67.2M |
| EBIT | 78.2M | 83.2M | 95M | 85.9M | 96.9M | 114.4M | 123.8M | 145.3M | 112.4M | 148.2M | 101.1M | 97.8M | 67.4M | 53.1M | 93.3M | 72M | 56.4M | 39.8M | 79M | 45.3M |
| Net Interest Income | -65.4M | -62.4M | -69.8M | -67.7M | -66.1M | -66.9M | -67.4M | -70.1M | -69.1M | -67.7M | -68.8M | -66.9M | -62.1M | -59.4M | -55M | -49.7M | -43.5M | -43.9M | -45.2M | -51M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 65.4M | 62.4M | 69.8M | 67.7M | 66.1M | 66.9M | 67.4M | 70.1M | 69.1M | 67.7M | 68.8M | 66.9M | 62.1M | 59.4M | 55M | 49.7M | 43.5M | 43.9M | 45.2M | 51M |
| Other Income/Expense | -43.1M | 181.6M | -46.8M | -59.9M | -60.5M | -64.5M | -66M | -66.7M | -68.2M | -68.2M | -67.9M | -68.2M | -63.7M | -60.5M | -54.4M | -50.7M | -41.9M | -41.1M | -44.5M | -63.5M |
| Pretax Income | 35.1M | 264.8M | 48.2M | 26M | 36.4M | 47.5M | 56.4M | 75.2M | 42.7M | 80.5M | 32.3M | 30.9M | 5.3M | 53M | 38.3M | 22.3M | 12.9M | -4.1M | 33.8M | -5.7M |
| Pretax Margin % | 7.13% | 43.32% | 10.61% | 5.14% | 6.22% | 7.55% | 7.06% | 8.94% | 5.27% | 10.09% | 3.93% | 4.28% | 0.83% | 8.96% | 7.71% | 5.35% | 2.73% | -1.69% | 8.05% | -1.94% |
| Income Tax | 8.5M | 68.3M | 11.1M | 4.1M | 7.4M | 6.7M | 15.6M | 17.1M | 11M | 7.1M | 6M | 7.4M | -11.5M | 10.2M | 8.6M | 5.8M | 3M | -600K | 8.3M | -2.9M |
| Effective Tax Rate % | 24.22% | 25.79% | 23.03% | 15.77% | 20.33% | 14.11% | 27.66% | 22.74% | 25.76% | 8.82% | 18.58% | 23.95% | -216.98% | 19.25% | 22.45% | 26.01% | 23.26% | 14.63% | 24.56% | 50.88% |
| Net Income | 24.2M | 186.6M | 30.3M | 14.1M | 22.1M | 28.9M | 31.4M | 54.4M | 23.7M | 62.8M | 21.8M | 17M | 4.4M | 31.3M | 25.8M | 3.7M | -700K | 134M | 32M | 12.7M |
| Net Margin % | 4.92% | 30.53% | 6.67% | 2.79% | 3.78% | 4.59% | 3.93% | 6.47% | 2.93% | 7.87% | 2.65% | 2.35% | 0.69% | 5.29% | 5.2% | 0.89% | -0.15% | 55.33% | 7.62% | 4.33% |
| Net Income Growth % | 9.5% | 545.67% | -3.5% | -74.08% | -6.75% | -53.98% | 44.04% | 220% | 438.64% | 100.64% | -15.5% | 359.46% | 728.57% | -76.64% | -19.38% | -70.87% | -121.21% | 205.35% | 27.49% | 106.14% |
| Net Income (Continuing) | 26.6M | 196.5M | 37.1M | 21.9M | 29M | 40.8M | 40.8M | 58.1M | 31.7M | 73.4M | 26.3M | 23.5M | 16.8M | 42.8M | 29.7M | 16.5M | 9.9M | -3.5M | 25.5M | -2.8M |
| Discontinued Operations | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | 1000K |
| Minority Interest | 66.9M | 68.1M | 249.4M | 248.7M | 246.5M | 248.3M | 241.1M | 238.5M | 239.2M | 238.4M | 252.6M | 254.4M | 256.2M | 257.2M | 255.2M | 258.6M | 263.6M | 267M | 265.4M | 268M |
| EPS (Diluted) | 0.30 | 2.28 | 0.37 | 0.17 | 0.26 | 0.34 | 0.37 | 0.65 | 0.28 | 0.75 | 0.26 | 0.20 | 0.20 | 0.52 | 0.31 | 0.04 | 0.12 | 1.37 | 0.33 | 0.12 |
| EPS Growth % | 15.38% | 570.59% | 0% | -73.85% | -7.14% | -54.67% | 42.31% | 225% | 40% | 44.23% | -16.13% | 400% | 66.67% | -62.04% | -6.06% | -66.67% | 300% | 221.24% | 57.14% | 106.82% |
| EPS (Basic) | 0.30 | 2.34 | 0.38 | 0.17 | 0.27 | 0.35 | 0.38 | 0.66 | 0.29 | 0.77 | 0.27 | 0.21 | 0.21 | 0.53 | 0.32 | 0.04 | 0.12 | 1.39 | 0.33 | 0.12 |
| Diluted Shares Outstanding | 81.9M | 81.8M | 81.9M | 82.9M | 83.8M | 84.2M | 84.1M | 84.1M | 83.5M | 83.5M | 83.5M | 83.4M | 83.2M | 83.1M | 83.3M | 84.4M | 85.5M | 98M | 99.5M | 105.1M |
| Basic Shares Outstanding | 79.7M | 79.9M | 80.5M | 81.3M | 81.6M | 81.9M | 82.2M | 82.4M | 81.6M | 81.6M | 81.6M | 81.2M | 80.8M | 80.9M | 81.7M | 82.4M | 82.9M | 96M | 97.7M | 102.8M |
| Dividend Payout Ratio | 102.48% | 12.92% | 79.87% | 182.98% | 111.31% | 79.93% | 72.93% | 44.49% | 97.05% | 33.92% | 98.17% | 130.59% | 479.55% | 59.42% | 73.64% | 545.95% | - | 14.93% | 65.94% | 190.55% |