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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. In the quarter to June 2026, revenue fell 4.17%, EPS grew 623.5%, free cash flow grew 75.3% and total debt fell 10.8%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.

25.52 0.12 +0.47%
Market cap
$2.0B
P/E
6.0×
Fwd P/E
14.2×
Dividend yield
6.03%
F-score
8/9
Altman Z
0.94
Beneish M
−2.44
Dividend safety
36/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.50
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — 1 — —
Insider Ownership 1.41%

Capital & Financial Ratios $m

Market Cap 2,020.00
Revenue 2,042.40
Net Income 353.30
Free Cash Flow (337.70)
Net Debt 5,070.80
Current Ratio 1.89 (at or above 1.5: strong)
Debt/Equity 4.56 (above 2: weak)
P/E ratio 6.00
Fwd P/E 14.20
P/S ratio 0.99
P/B ratio 1.77
Past 5Y EPS Growth —
This Y EPS Growth (29.14%) (below 0%: weak)
Next Y EPS Growth 0.00%
Next Y revenue growth (4.86%) (below 0%: weak)
Next 5Y EPS Growth (8.57%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.5×, 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 19.40%
10-year low 10-year high
P/S against its own 10 years 47.23%
10-year low 10-year high
P/B against its own 10 years 73.52%
10-year low 10-year high
EV/Sales against its own 10 years 63.40%
10-year low 10-year high

Dividends

Payout Ratio 0.37
Annual Dividend Rate 1.54
Annual Dividend Yield 6.03%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.24
0.31
0.31
0.31
0.31
2025 1.20
0.30
0.30
0.30
0.30
2024 1.12
0.28
0.28
0.28
0.28
2023 1.04
0.26
0.26
0.26
0.26
2022 0.92
0.23
0.23
0.23
0.23
2021 0.84
0.21
0.21
0.21
0.21
2020 0.76
0.19
0.19
0.19
0.19
2019 0.64
0.13
0.17
0.17
0.17
2018 0.37
0.09
0.09
0.09
0.09
2017 0.35
0.08
0.08
0.09
0.09
2016 0.32
0.08
0.08
0.08
0.08
predictions special payouts not included in total or ratios

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%)

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 10.76 18.01 18.99 16.03 14.53 24.70 20.94 20.04 23.40 22.38

Analyst estimates 2026–2028

Powerpack
High 21.10 27.54 28.33 26.63 26.87 33.77 35.35 30.34 39.00 39.83
People
People Employees 17,680 15,605 11,515 11,875 6,375 5,845 9,215 9,480 2,890 2,650
Revenue/emp, $m 0.17 0.15 0.22 0.23 0.27 0.26 0.21 0.31 1.07 0.81
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
Gross margin, % 25.17 25.95 22.73 20.85 24.14 23.38 18.60 17.67 21.70 26.55
EBT 310 195 152 181 (525) 55 127 149 222 375
EBT margin, % 10.03 8.15 6.04 6.58 (29.98) 3.64 6.40 4.99 7.20 17.40
Net income 365 714 163 136 (226) 182 73 127 157 277
Depreciation 217 230 252 277 259 266 276 293 294 305
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
Earnings 2.25 4.62 1.09 1.09 (1.27) 1.79 0.73 1.31 1.69 3.13
Cash flow 7.35 5.13 2.63 3.13 5.62 6.03 (0.16) 3.64 7.01 4.45
Capex (5.64) (4.19) (6.73) (9.48) (5.74) (5.22) (11.27) (8.50) (7.02) (9.65)
Free cash flow 1.70 0.94 (4.09) (6.34) (0.12) 0.80 (11.42) (4.86) (0.02) (5.20)
Book value 29.05 32.69 17.79 18.94 17.39 12.78 15.50 15.71 15.96 14.17
Shares, m 148 149 144 126 116 102 82 81 82 81
Valuation, ×
Valuation, × P/E 8.97 5.86 18.89 20.51 0.00 16.15 40.23 20.45 20.89 8.37
P/S 0.97 1.68 1.18 1.01 1.75 2.02 1.23 0.72 0.93 0.99
P/B 0.69 0.83 1.16 1.17 1.52 2.36 1.92 1.69 2.20 1.87
EV/Sales 1.70 2.58 2.72 2.72 4.54 5.32 4.03 2.62 2.71 3.42
EV/FCF 20.80 44.44 (11.56) (9.41) (579.82) 99.00 (8.51) (19.79) (6,413.38) (17.57)
Cash, $m
Cash, $m Operating cash flow 1,090 762 379 394 652 612 (13) 296 574 360
Capex (838) (622) (968) (1,190) (665) (530) (923) (690) (575) (779)
Free cash flow 253 139 (589) (797) (14) 82 (936) (395) (1) (420)
Balance, $m
Balance, $m Working capital 1,363 1,288 441 328 571 319 492 551 481 516
Total debt 3,057 3,242 4,029 4,882 5,017 5,171 5,608 5,754 5,691 5,443
Net debt 2,259 2,144 3,850 4,716 4,885 5,003 5,528 5,649 5,463 5,241
Shareholders’ equity 4,311 4,858 2,562 2,379 2,016 1,297 1,270 1,276 1,307 1,145
Returns, %
Returns, % ROA 3.82 7.53 1.82 1.65 (1.69) 2.15 0.71 1.20 1.56 2.93
ROIC 4.56 3.29 3.07 3.50 (1.40) 2.55 3.07 3.76 4.54 6.35
ROE 8.22 15.32 4.29 5.57 (6.70) 10.99 4.68 8.33 10.72 20.64
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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 $87.7B 27.4× 24.6× +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 $74.2B 27.1× 25.5× +12.46% (above 0%: growing) −13.40% (below 0%: shrinking) +54.79% (above 0%: growing) 67.51% 35.35% Compare
NSC Norfolk Southern Corporation $71.2B 27.1× 26.4× +11.41% (above 0%: growing) −4.40% (below 0%: shrinking) −3.08% (below 0%: shrinking) 66.32% 32.44% Compare
WAB Wabtec $47.4B 38.3× 27.7× +17.48% (above 0%: growing) +18.88% (above 0%: growing) +122.94% (above 0%: growing) 36.52% 18.87% Compare
TRN Trinity Industries, Inc. $2.0B 6.0× 14.2× −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 11.1× 14.8× −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 $372.6M 31.5× 23.9× −3.49% (below 0%: shrinking) +7.14% (above 0%: growing) +83.84% (above 0%: growing) 22.28% 4.44% Compare
RAIL Freightcar America, Inc. $202.3M — (loss-making) 4.4× −4.62% (below 0%: shrinking) n/m +33.43% (above 0%: growing) 5.45% (3.80%) Compare
SWVL Swvl Holdings Corp. $76.3M — (loss-making) — — n/m +99.68% (above 0%: growing) 13.65% (77.75%) Compare
Median of peers $24.3B 27.2× 24.6× +10.10% +1.37% +69.32% 29.40% 12.20%

All 11 Railroads stocks →

Trinity Industries, Inc. (TRN) key facts

  • Concern: Trinity Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, down 30.0% from fiscal 2024.
  • Strength: Net income was $277.3 million, or $3.13 per share (basic), a net margin of 11.7%.
  • Trinity Industries, Inc. (TRN) is a Railroads company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 9, 2026, TRN traded at $25.52, a market capitalization of $2.0 billion.
  • At that price the stock trades at 6.0× trailing-twelve-month earnings and 1.0× sales; its P/E is higher than 19% of its own readings over the past ten years.
  • Trinity Industries, Inc. pays an annual dividend of $1.54 per share, a yield of 6.03%, with a payout ratio of 37.1%.
  • Return on equity was 20.6% and debt-to-equity 4.56.
  • Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 0.94 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Trinity Industries, Inc. (TRN) Latest News

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stockrow.com/TRN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com