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Trinity Industries, Inc. logo

Trinity Industries, Inc.

TRN

NYSEIndustrialsRailroads

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Regular session

$29.54

−$0.25 · -0.84%

Aug 24, 10:10 AM ET

TRN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

90

Deep Value

Momentum

50

Neutral

Sentiment

64

Bullish

Risk resilience

69

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Trinity Industries, Inc. operates in North America, providing railway transportation solutions under its TrinityRail brand. The company is organized into two main divisions: Railcar Leasing and Management Services, and Rail Products. The Railcar Leasing and Management Services group focuses on leasing freight and tank railcars, overseeing railcar leases on behalf of third-party investors, and offering comprehensive fleet maintenance and management. As of December 31, 2021, this segment managed a fleet of 106,970 railcars, which it either owned or leased. Its customers are industrial shippers and railroad companies across various sectors, including agriculture, construction and metals, consumer goods, energy, and refined products and chemicals. Conversely, the Rail Products Group manufactures freight and tank railcars designed for transporting diverse liquids, gases, and dry cargo. This division also provides railcar maintenance and modification services. Its clientele includes railroads, leasing businesses, and industrial shippers in the same key markets: agriculture, construction and metals, consumer products, energy, and refined products and chemicals. Trinity Industries distributes its offerings via both its internal sales teams and independent representatives. Established in 1933, the company maintains its headquarters in Dallas, Texas.

Industry
Railroads
Sector
Industrials
Headquarters
US
CEO
E. Jean Savage
Listed since
May 3, 1973
Employees
6,110

Market position

Day range

Current $29.54

52-week range

Current $29.54

Open
$29.99
Previous close
$29.79
Volume
19.75K
0.03× average
Average volume
747.72K
Average daily volume
Market cap
2.35B USD
Beta
1.35
Market reference 1
50-day average
$33.8316
-12.69% below average
200-day average
$31.3759
-5.85% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
7.38B USD
P/E (TTM)
6.87×
P/B (TTM)
2.06×
P/S (TTM)
1.15×
EV / EBITDA
7.73×
Earnings yield
11.85%
Free cash flow yield
-20.37%
Dividend yield
4.16%

Profitability & efficiency

Gross margin
26.04%
Operating margin
15.43%
Net margin
16.81%
Return on equity
23.50%
Return on assets
3.00%
Return on invested capital
3.46%

Financial health

Debt / equity
4.57×
Current ratio
2.12×
Altman Z-score
1.03
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends29%19%10%1%Gross margin, FY2021: 23.38%Gross margin, FY2022: 18.60%Gross margin, FY2023: 17.67%Gross margin, FY2024: 21.70%Gross margin, FY2025: 26.55%Operating margin, FY2021: 16.94%Operating margin, FY2022: 16.89%Operating margin, FY2023: 13.98%Operating margin, FY2024: 15.96%Operating margin, FY2025: 16.62%Net margin, FY2021: 12.01%Net margin, FY2022: 3.04%Net margin, FY2023: 3.55%Net margin, FY2024: 4.49%Net margin, FY2025: 11.73%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 23.38%. Gross margin FY2022 18.60%. Gross margin FY2023 17.67%. Gross margin FY2024 21.70%. Gross margin FY2025 26.55%. Operating margin FY2021 16.94%. Operating margin FY2022 16.89%. Operating margin FY2023 13.98%. Operating margin FY2024 15.96%. Operating margin FY2025 16.62%. Net margin FY2021 12.01%. Net margin FY2022 3.04%. Net margin FY2023 3.55%. Net margin FY2024 4.49%. Net margin FY2025 11.73%.

Income trends

Revenue

2.16B USD-29.95%

Operating income

358.4M USD-27.08%

Net income

253.1M USD+82.88%
Income trends across reported periods3.38B USD2.17B USD965.83M USD−241.81M USDRevenue, FY2021: 1.52B USDRevenue, FY2022: 1.98B USDRevenue, FY2023: 2.98B USDRevenue, FY2024: 3.08B USDRevenue, FY2025: 2.16B USDOperating income, FY2021: 256.8M USDOperating income, FY2022: 334M USDOperating income, FY2023: 417M USDOperating income, FY2024: 491.5M USDOperating income, FY2025: 358.4M USDNet income, FY2021: 182M USDNet income, FY2022: 60.1M USDNet income, FY2023: 106M USDNet income, FY2024: 138.4M USDNet income, FY2025: 253.1M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.52B USD. Revenue FY2022 1.98B USD. Revenue FY2023 2.98B USD. Revenue FY2024 3.08B USD. Revenue FY2025 2.16B USD. Operating income FY2021 256.8M USD. Operating income FY2022 334M USD. Operating income FY2023 417M USD. Operating income FY2024 491.5M USD. Operating income FY2025 358.4M USD. Net income FY2021 182M USD. Net income FY2022 60.1M USD. Net income FY2023 106M USD. Net income FY2024 138.4M USD. Net income FY2025 253.1M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue2.16B USD3.08B USD2.98B USD1.98B USD1.52B USD
Cost of goods sold1.58B USD2.41B USD2.46B USD1.61B USD1.16B USD
Gross profit572.7M USD668.2M USD527.1M USD367.7M USD354.5M USD
Selling, general, and administrative214.3M USD235.7M USD201.9M USD185.4M USD179M USD
Operating expenses214.3M USD176.7M USD110.1M USD33.7M USD97.7M USD
Interest expense274.2M USD273.5M USD265.5M USD209.1M USD191.4M USD
Depreciation and amortization305.1M USD293.8M USD293.2M USD276.4M USD265.7M USD
Operating income358.4M USD491.5M USD417M USD334M USD256.8M USD
Net income253.1M USD138.4M USD106M USD60.1M USD182M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
+4.07%
11 comparable reports
Latest EPS result
1.25
Estimate 1.34 · Miss by 6.72%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.481.710.930.16Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual 0.39, estimate 0.38, surprise +2.63%, Beat. Q2 2025, reported May 1, 2025: actual 0.29, estimate 0.33, surprise -12.12%, Miss. Q3 2025, reported Jul 31, 2025: actual 0.19, estimate 0.385, surprise -50.65%, Miss. Q4 2025, reported Oct 30, 2025: actual 0.38, estimate 1.51, surprise -74.83%, Miss. Q1 2026, reported Feb 12, 2026: actual 2.31, estimate 2.3, surprise +0.43%, Beat. Q2 2026, reported Apr 30, 2026: actual 0.32, estimate 0.275, surprise +16.36%, Beat. Q3 2026, reported Jul 30, 2026: actual 1.25, estimate 1.34, surprise -6.72%, Miss. Q4 2026, reported Oct 29, 2026: actual —, estimate 0.265, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates703.95M611.64M519.33M427.03MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual 629.4M USD, estimate 676.87M USD, surprise -7.01%, Miss. Q2 2025, reported May 1, 2025: actual 585.4M USD, estimate 628.11M USD, surprise -6.80%, Miss. Q3 2025, reported Jul 31, 2025: actual 506.2M USD, estimate 556.32M USD, surprise -9.01%, Miss. Q4 2025, reported Oct 30, 2025: actual 454.1M USD, estimate 538.95M USD, surprise -15.74%, Miss. Q1 2026, reported Feb 12, 2026: actual 611.2M USD, estimate 570.45M USD, surprise +7.14%, Beat. Q2 2026, reported Apr 30, 2026: actual 492M USD, estimate 538.87M USD, surprise -8.70%, Miss. Q3 2026, reported Jul 30, 2026: actual 485.1M USD, estimate 474.84M USD, surprise +2.16%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 495.36M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$36.00

21.87% upside
Past 12 months12-month forecastHigh $36.00Average $36.00Low $36.00

Rating distribution

25 ratings
Strong buy00%
Buy936%
Hold1248%
Sell416%
Strong sell00%

Recent analyst actions

4 institutions
TD CowenmaintainBuy

TRN news

defenseworld.net

Bank of America Corp DE Has $35.06 Million Stock Holdings in Trinity Industries, Inc. $TRN

Bank of America Corp DE lifted its stake in shares of Trinity Industries, Inc. (NYSE: TRN) by 9.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned…

Read source
marketbeat.com

Trinity Industries Q2 Earnings Call Highlights

Trinity Industries NYSE: TRN reported second-quarter earnings per share from continuing operations of $1.25, supported by a $132 million pre-tax, non-cash gain related to its Napier Park railcar partnership transaction.…

Read source
seekingalpha.com

Trinity Industries, Inc. (TRN) Q2 2026 Earnings Call Transcript

Trinity Industries, Inc. (TRN) Q2 2026 Earnings Call Transcript

Read source
businesswire.com

Trinity Industries, Inc. Announces Second Quarter 2026 Results

DALLAS--(BUSINESS WIRE)--Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the second quarter ended June 30, 2026. Financial and Operational Highlights – Second Quarter Quarterly total company…

Read source
defenseworld.net

Trinity Industries, Inc. $TRN Stake Cut by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in Trinity Industries, Inc. (NYSE: TRN) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange…

Read source
seekingalpha.com

Trinity Industries Offers Upside Even With The Bump Ride That Lies Ahead (Upgrade)

Trinity Industries, Inc. is upgraded to a soft Buy as robust leasing revenues offset railcar production headwinds. Despite falling railcar deliveries and backlog, TRN's high-margin leasing segment drives profitability…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.20

2025 complete year+42.9% since 2021

2026 partial: $0.93

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 15, 2026

$0.31

Quarterly

Record Jul 15, 2026 · Payment Jul 31, 2026

Dividend

Ex-dividend Apr 15, 2026

$0.31

Quarterly

Record Apr 15, 2026 · Payment Apr 30, 2026

Dividend

Ex-dividend Jan 15, 2026

$0.31

Quarterly

Record Jan 15, 2026 · Payment Jan 30, 2026

Dividend

Ex-dividend Oct 15, 2025

$0.30

Quarterly

Record Oct 15, 2025 · Payment Oct 31, 2025

Dividend

Ex-dividend Jul 15, 2025

$0.30

Quarterly

Record Jul 15, 2025 · Payment Jul 31, 2025

Dividend

Ex-dividend Apr 15, 2025

$0.30

Quarterly

Record Apr 15, 2025 · Payment Apr 30, 2025

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ETFs holding TRN

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
144.54M
Weight
0.13%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.04-0.18%
Avantis U.S. Small Cap Value ETF logoAvantis U.S. Small Cap Value ETFAVUV
Market value
119.01M
Weight
0.38%
AUM
31.27B USD
Expense ratio
0.25%
Price / 1D
$126.44-0.01%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
79.14M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$376.79-0.38%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
61.1M
Weight
0.08%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$298.4-0.52%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
57.11M
Weight
0.03%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$303.41-0.44%
Schwab International Equity ETF logoSchwab International Equity ETFSCHF
Market value
36.59M
Weight
0.05%
AUM
69.7B USD
Expense ratio
0.03%
Price / 1D
$28.235-0.77%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
36.27M
Weight
0.05%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.39+0.08%
Global X - U.S. Infrastructure Development ETF logoGlobal X - U.S. Infrastructure Development ETFPAVE
Market value
34.32M
Weight
0.25%
AUM
13.86B USD
Expense ratio
0.47%
Price / 1D
$56.22-0.30%

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