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
+17.8%
EPS
−42.2%
Free cash flow
+51.0%
Total debt
−10.4%

Quarter to September 2026, against a year earlier

29.77 0.73 −2.39%
Market cap
$2.4B
P/E
7.5×
Fwd P/E
13.4×
Dividend yield
4.06%
F-score
8/9
Altman Z
0.94
Beneish M
−2.44
Dividend safety
36/100

Trinity Industries, Inc. (TRN) Debt to equity

Alert me on Debt to equity

Trinity Industries, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 4.7×, down 0.0× from fiscal 2025 (4.8×). Over the past ten years it has ranged from 0.7× (fiscal 2017) to 4.8× (fiscal 2025) — the current reading is the highest in ten years. That is above the Railroads industry median of 1.0× and above the Industrials sector median of 0.3×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 4.8× 9.15%
FY2024 4.4× (3.50%)
FY2023 4.5× 2.14%
FY2022 4.4× 10.77%
FY2021 4.0× 60.22%
FY2020 2.5× 21.26%
FY2019 2.1× 30.49%
FY2018 1.6× 135.68%
FY2017 0.7× (5.88%)
FY2016 0.7× (10.16%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 4.7× 3.23%
Jun 2026 4.6× (2.89%)
Mar 2026 4.7× (1.14%)
Dec 2025 4.8× (0.03%)
43 more quarters

Against its own ten years

Low 0.7× High 4.8×
Ten-year median 2.5×
Current reading's percentile 100

Debt to equity against peers

Company Debt to equity
FSTR L.B. Foster Company compare 0.2×
SWVL Swvl Holdings Corp. compare 0.4×
CP Canadian Pacific Kansas City Limited compare 0.6×
WAB Wabtec compare 0.6×
NSC Norfolk Southern Corporation compare 1.0×
GBX Greenbrier Companies, Inc. (The) compare 1.1×
CSX CSX Corporation compare 1.3×
RAIL Freightcar America, Inc. compare 2.8×
TRN Trinity Industries, Inc. 4.7×
Railroads industry median 1.0×
Industrials sector median 0.3×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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