Pricing Log in Create free account
Saturday 31 October 2026 Export TRN’s income statement to Excel — free account

Trinity Industries, Inc.

TRN Industrials Railroads

Trinity Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, down 30.0% from fiscal 2024.

Revenue
−4.17%
EPS
+623.5%
Free cash flow
+75.3%
Total debt
−10.8%

Quarter to June 2026, against a year earlier

29.46 1.14 +4.03%
Market cap
$2.3B
P/E
6.9×
Fwd P/E
13.4×
Dividend yield
4.23%
F-score
8/9
Altman Z
0.94
Beneish M
−2.44
Dividend safety
36/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.50
Trades a month
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — 1 — —
Insider Ownership 1.41%

Capital & Financial Ratios $m

Size
Market Cap 2,260.00
Revenue ttm 2,042.40
Net income ttm 353.30
Free cash flow ttm (337.70)
Net debt Q 5,070.80
Valuation
P/E 6.89
Forward P/E 13.40
Price / sales 1.14
Forward P/S Powerpack
Price / FCF 0.00
Price / book 2.04
Financial health
Current ratio Q 1.89 (at or above 1.5: strong)
Debt / equity Q 4.56 (above 2: weak)
Interest coverage Q 3.11
Growth
Revenue growth Q −4.17% (below 0%: shrinking)
Operating income growth Q +109.43% (above 0%: growing)
EPS, this year −29.93% (below 0%: weak)
EPS, next year A −2.27% (below 0%: weak)
Revenue, next year A −1.66% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A −9.86% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.6×, against a ten-year median of 2.8×; over the ten years it ranged from 0.6× in 2016 to 6.5× in 2021.
P/E against its own 10 years 22.85%
10-year low 10-year high
P/S against its own 10 years 59.93%
10-year low 10-year high
P/B against its own 10 years 87.37%
10-year low 10-year high
EV/Sales against its own 10 years 68.53%
10-year low 10-year high

Dividends raised every year since 2017

Yield
4.23%
Annual rate
1.24
Payout ratio
29.9%
Growth, 2017–26
+15.3%/yr
  1. 0.35 ’17
  2. 0.37 ’18 +8%
  3. 0.64 ’19 +71%
  4. 0.76 ’20 +19%
  5. 0.84 ’21 +11%
  6. 0.92 ’22 +10%
  7. 1.04 ’23 +13%
  8. 1.12 ’24 +8%
  9. 1.20 ’25 +7%
  10. 1.24 ’26 +3%
paid Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 106 228 201 156
Receivables 369 382 417 346
Inventory 684 476 469 534
Other — — — —
1,159 1,086 1,087 1,035
2023 2024 2025 Q'26
Payables 305 252 270 277
ST’ Debt — — — —
Other — — — —
608 605 571 549

Compound Annual Growth %

10y 5y 3y
Sales (10.30%) 4.27% 2.94%
Cash Flow (9.16%) (11.21%) 0.00%
Earnings (10.83%) 0.00% 61.49%
Book Value (11.86%) (10.69%) (3.38%)

Earnings Trends EPS, adjusted, against the consensus

Q1 FY24 Estimate 0.26 Actual 0.33

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY23 0.33 0.23 Miss by 0.10
Q3 FY23 0.35 0.26 Miss by 0.09
Q4 FY23 0.66 0.82 Beat by 0.16
Q1 FY24 0.26 0.33 Beat by 0.07

EPS $

Mar Jun Sep Dec Year
’26 0.30 1.20 — — —
’25 0.26 0.17 0.37 2.28 3.05
’24 0.28 0.65 0.37 0.34 1.64
’23 0.05 0.20 0.26 0.75 1.27
’22 (0.01) 0.04 0.31 0.38 0.71
’21 0.03 0.12 0.33 1.37 1.75
’20 1.33 (1.76) 0.21 (1.13) (1.27)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 492 485 — — —
’25 585 506 454 611 2,157
’24 810 841 799 629 3,079
’23 642 722 821 798 2,983
’22 473 417 497 591 1,977
’21 331 293 420 472 1,516
’20 615 509 459 166 1,750
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 98 69 — — —
’25 77 62 44 177 360
’24 52 242 79 202 574
’23 99 36 73 88 296
’22 21 (94) 5 55 (13)
’21 70 265 93 185 612
’20 174 154 129 195 652
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (56) (29) — — —
’25 (49) (118) (197) (56) (420)
’24 (96) 149 (38) (16) (1)
’23 (94) (183) (15) (103) (395)
’22 (51) (432) (269) (184) (936)
’21 (26) 119 (12) 1 82
’20 40 1 (84) 29 (14)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 3,090 2,397 2,509 2,752 1,750 1,516 1,977 2,983 3,079 2,157 2,042 (3.9%) 2,121 2,351 2,364 +3.1%
Gross margin, % 25.17 25.95 22.73 20.85 24.14 23.38 18.60 17.67 21.70 26.55 26.24 +1.4 pt
EBT 310 195 152 181 (525) 55 127 149 222 375 482 +2.1%
EBT margin, % 10.03 8.15 6.04 6.58 (29.98) 3.64 6.40 4.99 7.20 17.40 23.60 +7.4 pt
Net income 365 714 163 136 (226) 182 73 127 157 277 353 (3.0%)
Per share, $
Per share, $ Revenue 20.82 16.13 17.42 21.91 15.10 14.94 24.14 36.74 37.60 26.69 25.66 +2.8%
Earnings 2.25 4.62 1.09 1.09 (1.27) 1.79 0.73 1.31 1.69 3.13 4.25 +3.7%
Cash flow 7.35 5.13 2.63 3.13 5.62 6.03 (0.16) 3.64 7.01 4.45 4.88 (5.4%)
Capex (5.64) (4.19) (6.73) (9.48) (5.74) (5.22) (11.27) (8.50) (7.02) (9.65) (9.12) +6.1%
Free cash flow 1.70 0.94 (4.09) (6.34) (0.12) 0.80 (11.42) (4.86) (0.02) (5.20) (4.24) n/m
Book value 29.05 32.69 17.79 18.94 17.39 12.78 15.50 15.71 15.96 14.17 14.39 (7.7%)
Shares, m 148 149 144 126 116 102 82 81 82 81 80 (6.5%)
Valuation, ×
Valuation, × P/E 9.30 6.07 18.89 20.51 0.00 16.15 40.23 20.45 20.89 8.37 6.89 16.1
P/S 1.00 1.75 1.18 1.01 1.75 2.02 1.23 0.72 0.93 0.99 1.14 1.3
P/B 0.72 0.86 1.16 1.17 1.52 2.36 1.92 1.69 2.20 1.87 2.04 1.5
EV/Sales 1.74 2.64 2.72 2.72 4.54 5.32 4.03 2.62 2.71 3.42 3.62 3.2
EV/FCF 21.23 45.51 (11.56) (9.41) (579.82) 99.00 (8.51) (19.79) (6,413.38) (17.57) (21.92) (689.4)
Cash, $m
Cash, $m Operating cash flow 1,090 762 379 394 652 612 (13) 296 574 360 388 (11.6%)
Capex (838) (622) (968) (1,190) (665) (530) (923) (690) (575) (779) (726) (0.8%)
Free cash flow 253 139 (589) (797) (14) 82 (936) (395) (1) (420) (338) n/m
Balance, $m
Balance, $m Working capital 1,363 1,288 441 328 571 319 492 551 481 516 487 (10.2%)
Net debt 2,259 2,144 3,850 4,716 4,885 5,003 5,528 5,649 5,463 5,241 5,071 +9.8%
Shareholders’ equity 4,311 4,858 2,562 2,379 2,016 1,297 1,270 1,276 1,307 1,145 1,146 (13.7%)
Returns, %
Returns, % ROA 3.82 7.53 1.82 1.65 (1.69) 2.15 0.71 1.20 1.56 2.93 3.98 (0.9) pt
ROIC 4.56 3.29 3.07 3.50 (1.40) 2.55 3.07 3.76 4.54 6.35 7.59 +1.8 pt
ROE 8.22 15.32 4.29 5.57 (6.70) 10.99 4.68 8.33 10.72 20.64 28.24 +12.4 pt
People
People Employees 17,680 15,605 11,515 11,875 6,375 5,845 9,215 9,480 2,890 2,650 — (19.0%)
Revenue/emp, $m 0.17 0.15 0.22 0.23 0.27 0.26 0.21 0.31 1.07 0.81 — +18.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Trinity Industries, Inc. vs peers in Railroads (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CSX CSX Corporation $96.3B 30.1× 25.3× +10.10% (above 0%: growing) +22.73% (above 0%: growing) +816.52% (above 0%: growing) 69.83% 38.27% Compare
CP Canadian Pacific Kansas City Limited $77.7B 28.8× 27.0× +12.46% (above 0%: growing) −13.40% (below 0%: shrinking) +54.79% (above 0%: growing) 67.51% 35.35% Compare
NSC Norfolk Southern Corporation $76.9B 29.2× 27.8× +11.41% (above 0%: growing) −4.40% (below 0%: shrinking) −3.08% (below 0%: shrinking) 66.32% 32.44% Compare
WAB Wabtec $47.9B 37.5× 30.0× +17.48% (above 0%: growing) +18.88% (above 0%: growing) +122.94% (above 0%: growing) 36.52% 18.87% Compare
TRN Trinity Industries, Inc. $2.3B 6.9× 13.4× −4.17% (below 0%: shrinking) +623.53% (above 0%: growing) +75.30% (above 0%: growing) 22.66% 41.19%
GBX Greenbrier Companies, Inc. (The) $1.2B 11.2× 12.5× −31.59% (below 0%: shrinking) −68.23% (below 0%: shrinking) −412.32% (below 0%: shrinking) 14.07% 5.53% Compare
FSTR L.B. Foster Company $382.8M 32.4× 22.1× −3.49% (below 0%: shrinking) +7.14% (above 0%: growing) +83.84% (above 0%: growing) 22.28% 4.44% Compare
RAIL Freightcar America, Inc. $137.1M — (loss-making) 9.7× −4.62% (below 0%: shrinking) n/m +33.43% (above 0%: growing) 5.45% (3.80%) Compare
SWVL Swvl Holdings Corp. $82.1M — (loss-making) — — n/m +99.68% (above 0%: growing) 13.65% (77.75%) Compare
Median of peers $24.6B 29.7× 25.3× +10.10% +1.37% +69.32% 29.40% 12.20%

All 11 Railroads stocks →

Trinity Industries, Inc. (TRN) Latest News

31 Oct

Impact 3 · · StockStory
Impact 3 · · MarketBeat transcript

29 Oct

Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
Impact 4 · · Business Wire
Impact 3 · · StockStory
Impact 3 · · StockStory

28 Oct

Impact 3 · · StockStory

16 Oct

Impact 3 · · StockStory

7 Oct

Impact 4 · · FreightWaves

5 Oct

Impact 3 · · Business Wire

31 Jul

Impact 3 · · MarketBeat transcript

30 Jul

Impact 3 · transcript
Impact 3 ·
Impact 3 ·

29 Jul

Impact 3 ·

11 Jul

Impact 3 ·
Impact 3 ·

10 Jul

Impact 4 ·

18 Jun

Impact 3 ·

3 Jun

Impact 4 · · GlobeNewswire

8 May

Impact 3 · · Simply Wall St.

3 May

Impact 3 · · StockStory

2 May

Impact 4 · · Simply Wall St.
Impact 4 · · StockStory
Impact 3 · · MarketBeat

1 May

Impact 4 · · GuruFocus.com

30 Apr

Impact 4 · · Moby
Impact 4 · · Business Wire
Impact 3 · · StockStory
stockrow.com/TRN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com