Trinity Industries Inc. (TRN) reported $2.12B of revenue for the twelve months ended Sep 30, 2026. That is down 2.4% from the year before. Revenue for fiscal 2025 was $2.16B.

Yes. Trinity Industries Inc. earned $327.30M in net income for the twelve months ended Sep 30, 2026, a net margin of 15.4%.

How much cash and debt does TRN have?

Trinity Industries Inc. reported $158.30M in cash and cash equivalents and $5.33B of debt on its most recent balance sheet in SEC filings.

How fast is TRN revenue growing?

Trinity Industries Inc.'s revenue changed -30.0% in fiscal 2025, to $2.16B. Its compound annual growth rate was +4.3% over 5 years and -10.3% over 10 years.

What is TRN gross margin?

Trinity Industries Inc.'s gross profit was $521.30M on $2.12B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 24.6%.

What is TRN free cash flow?

Trinity Industries Inc. generated $356.90M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $410.40M less capital expenditures.

What is TRN earnings per share?

Diluted earnings per share were $4.00 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did TRN last report financial results?

The latest statements here come from Trinity Industries Inc.'s 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.

Where does this TRN financial data come from?

Quantisnow builds these statements from the structured XBRL data Trinity Industries Inc. files with the SEC. It is provided for information only and is not investment advice.

Financials · TRN

Trinity Industries Inc. (TRN) financials

For the twelve months ended Sep 30, 2026, Trinity Industries Inc. reported $2.12B of revenue and $327.30M of net income.

Revenue, TTM: $2.12B
Revenue growth, YoY: -2.4%
Net income, TTM: $327.30M
Net income growth, YoY: +207.9%
Net margin: 15.4%
Free cash flow, TTM: $356.90M
EPS, diluted, TTM: $4.00
EPS growth, YoY: +250.9%
Cash: $158.30M
Total debt: $5.33B
P/E: 7.03
P/S: 1.08
Market cap: $2.30B

Annual revenue$2.16B

FY2016FY2025

Annual net income$253.10M

FY2016FY2025

Annual free cash flow$314.10M

FY2016FY2025

TRN revenue and earnings growth

TRN revenueQ3 2026$535.10M

Quarter YoY: +17.8%
QoQ: +10.3%
FY YoY: -30.0%
5Y CAGR: +4.3%
10Y CAGR: -10.3%

TRN revenue was $535.10M in fiscal Q3 2026 (ended Sep 30, 2026), up 17.8% from a year earlier and up 10.3% from the prior quarter. For the full fiscal 2025 it was $2.16B, down 30.0% from fiscal 2024. Compound annual growth was +4.3% over 5 years and -10.3% over 10 years. It rose in 5 of the last 10 fiscal years.

TRN net incomeQ3 2026$17.60M

Quarter YoY: -41.9%
QoQ: -82.1%
FY YoY: +82.9%
10Y CAGR: -10.8%

TRN net income was $17.60M in fiscal Q3 2026 (ended Sep 30, 2026), down 41.9% from a year earlier and down 82.1% from the prior quarter. For the full fiscal 2025 it was $253.10M, up 82.9% from fiscal 2024. Compound annual growth was -10.8% over 10 years. It rose in 3 of the last 4 fiscal years.

TRN EPSQ3 2026$0.22

Quarter YoY: -40.5%
QoQ: -81.7%
FY YoY: +86.0%
10Y CAGR: -5.0%

TRN diluted EPS was $0.22 in fiscal Q3 2026 (ended Sep 30, 2026), down 40.5% from a year earlier and down 81.7% from the prior quarter. For the full fiscal 2025 it was $3.05, up 86.0% from fiscal 2024. Compound annual growth was -5.0% over 10 years.

TRN free cash flowQ3 2026$49.60M

Quarter YoY: +40.5%
QoQ: -13.3%
FY YoY: -39.6%
5Y CAGR: -10.8%
10Y CAGR: -8.3%

TRN free cash flow was $49.60M in fiscal Q3 2026 (ended Sep 30, 2026), up 40.5% from a year earlier and down 13.3% from the prior quarter. For the full fiscal 2025 it was $314.10M, down 39.6% from fiscal 2024. Compound annual growth was -10.8% over 5 years and -8.3% over 10 years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$2.16B	$3.08B	$2.98B	$1.98B	$1.52B	$1.75B	$2.75B	$2.51B	$2.40B	$3.09B
Cost of revenue	$1.58B	$2.41B	$2.46B	$1.61B	$1.16B	$1.33B	$2.18B	$1.94B	$1.78B	$2.31B
Gross profit	$572.70M	$668.20M	$527.10M	$367.70M	$354.50M	$422.30M	$574.00M	$570.30M	$622.20M	$777.80M
Selling, general and admin	$214.30M	$235.70M	$201.90M	$185.40M	$179.60M	$189.60M	$217.00M	$296.60M	$339.30M	$313.90M
Operating income	$649.20M	$491.50M	$417.00M	$334.00M	$256.80M	-$154.60M	$396.80M	$315.10M	$368.30M	$478.90M
Interest expense	-	-	-	-	-	$219.20M	$221.80M	$179.30M	$184.00M	$181.90M
Pre-tax income	$375.40M	$221.80M	$149.00M	$126.50M	$55.20M	-$524.60M	$181.20M	$151.60M	$195.40M	$310.00M
Income tax	$90.90M	$50.40M	$9.00M	$27.60M	$15.90M	-$274.10M	$58.80M	$42.60M	-$414.80M	$106.80M
Net income	$253.10M	$138.40M	$106.00M	$60.10M	$182.00M	-$147.30M	$137.60M	$159.30M	$702.50M	$343.60M
EPS, basic	$3.13	$1.69	$1.31	$0.73	$1.79	-$1.27	$1.09	$1.09	$4.62	$2.25
EPS, diluted	$3.05	$1.64	$1.27	$0.71	$1.75	-$1.27	$1.07	$1.07	$4.52	$2.25
Diluted shares	82.9M	84.2M	83.4M	84.2M	103.8M	115.9M	127.3M	146.4M	152.0M	148.6M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$201.30M	$374.40M	$235.10M	$294.30M	$302.40M	$228.40M	$277.60M	$350.80M	$973.80M	$741.60M
Inventory	$469.10M	$476.20M	$684.30M	$629.40M	$432.90M	$285.20M	$433.40M	$524.70M	$402.80M	$665.80M
Goodwill	$221.50M	$221.50M	$221.50M	$195.90M	$154.20M	$147.20M	$208.80M	$208.80M	$208.80M	$754.10M
Total assets	$8.42B	$8.83B	$8.91B	$8.72B	$8.24B	$8.70B	$8.70B	$7.99B	$9.54B	$9.13B
Total debt	$5.44B	$5.69B	$5.75B	$5.61B	-	-	-	-	-	-
Total liabilities	$7.28B	$7.53B	$7.63B	$7.45B	$6.94B	$6.69B	$6.32B	$5.43B	$4.69B	$4.81B
Shareholders' equity	$1.08B	$1.31B	$1.28B	$1.27B	$1.30B	$2.02B	$2.38B	$2.56B	$4.86B	$4.31B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$359.70M	$573.80M	$295.60M	-$12.80M	$611.80M	$651.70M	$393.60M	$379.10M	$761.60M	$1.09B
Capital expenditures	$45.60M	$53.80M	$41.30M	$38.00M	$23.60M	$95.90M	$88.00M	$37.30M	$22.00M	$49.50M
Free cash flow	$314.10M	$520.00M	$254.30M	-$50.80M	$588.20M	$555.80M	$305.60M	$341.80M	$739.60M	$1.04B
Investing cash flow	-$385.60M	-$214.60M	-$363.00M	-$260.70M	$276.30M	-$532.90M	-$993.30M	-$490.50M	-$472.70M	-$1.02B
Financing cash flow	-$24.90M	-$219.90M	$8.20M	$265.40M	-$814.10M	-$168.00M	$526.50M	-$511.60M	-$56.70M	-$307.70M
Dividends paid	$98.70M	$93.20M	$86.00M	$76.90M	$88.50M	$91.70M	$82.10M	$77.40M	$72.60M	$66.70M
Share repurchases	$71.30M	$20.70M	$0	$51.80M	$833.40M	$191.30M	$224.70M	$506.10M	$79.40M	$34.70M
Stock-based compensation	$22.90M	$23.60M	$22.70M	$22.50M	$20.70M	$25.40M	$27.80M	$29.20M	$22.10M	$30.90M
Depreciation and amortization	$305.10M	$293.80M	$293.20M	$276.40M	$265.70M	$258.50M	$276.50M	$251.90M	$229.70M	$217.30M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	-30.0%	3.2%	50.9%	30.4%	-13.4%	-36.4%	9.7%	4.7%	-22.4%	-51.7%
Net income growth, YoY	82.9%	30.6%	76.4%	-67.0%	-	-	-13.6%	-77.3%	104.5%	-56.9%
EPS growth, YoY	86.0%	29.1%	78.9%	-59.4%	-	-	0.0%	-76.3%	100.9%	-55.7%
Gross margin	26.6%	21.7%	17.7%	18.6%	23.4%	24.1%	20.9%	22.7%	26.0%	25.2%
Operating margin	30.1%	16.0%	14.0%	16.9%	16.9%	-8.8%	14.4%	12.6%	15.4%	15.5%
Net margin	11.7%	4.5%	3.6%	3.0%	12.0%	-8.4%	5.0%	6.3%	29.3%	11.1%
Free cash flow margin	14.6%	16.9%	8.5%	-2.6%	38.8%	31.8%	11.1%	13.6%	30.9%	33.7%
Return on equity	23.5%	10.6%	8.3%	4.7%	14.0%	-7.3%	5.8%	6.2%	14.5%	8.0%
Return on assets	3.0%	1.6%	1.2%	0.7%	2.2%	-1.7%	1.6%	2.0%	7.4%	3.8%
Debt to equity	5.05	4.35	4.51	4.42	-	-	-	-	-	-

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025 Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023 Dec 31, 2023
Revenue	$535.10M	$485.10M	$492.00M	$611.20M	$454.10M	$506.20M	$585.40M	$629.40M	$798.80M	$841.40M	$809.60M	$797.90M
Cost of revenue	$408.30M	$375.20M	$363.10M	$455.50M	$312.70M	$372.80M	$443.20M	$474.40M	$629.30M	$662.40M	$644.90M	$637.00M
Gross profit	$126.80M	$109.90M	$128.90M	$155.70M	$141.40M	$133.40M	$142.20M	$155.00M	$169.50M	$179.00M	$164.70M	$160.90M
Selling, general and admin	$55.10M	$51.10M	$50.70M	$69.70M	$45.20M	$49.40M	$50.00M	$61.60M	$60.50M	$61.30M	$52.30M	$48.60M
Operating income	$95.60M	$199.80M	$101.10M	$335.40M	$118.60M	$95.40M	$99.80M	$112.00M	$122.40M	$141.90M	$115.20M	$148.70M
Pre-tax income	$30.30M	$134.00M	$35.10M	$264.80M	$48.20M	$26.00M	$36.40M	$47.50M	$56.40M	$75.20M	$42.70M	$80.50M
Income tax	$8.80M	$31.80M	$8.50M	$68.30M	$11.10M	$4.10M	$7.40M	$6.70M	$15.60M	$17.10M	$11.00M	$7.10M
Net income	$17.60M	$98.30M	$24.80M	$186.60M	$30.30M	$20.00M	$27.10M	$28.90M	$31.40M	$54.40M	$23.70M	$62.80M
EPS, basic	$0.22	$1.23	$0.30	$2.34	$0.38	$0.17	$0.27	$0.35	$0.38	$0.66	$0.29	$0.77
EPS, diluted	$0.22	$1.20	$0.30	$2.28	$0.37	$0.17	$0.26	$0.34	$0.37	$0.65	$0.28	$0.75
Diluted shares	81.0M	81.6M	81.9M	-	81.9M	82.9M	83.8M	-	84.1M	84.1M	83.5M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025 Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023 Dec 31, 2023
Cash and equivalents	$158.30M	$155.70M	$132.60M	$201.30M	$238.70M	$315.30M	$235.10M	$374.40M	$332.40M	$364.20M	$235.10M	$235.10M
Inventory	$531.80M	$533.60M	$483.20M	$469.10M	$554.60M	$459.70M	$449.70M	$476.20M	$549.10M	$616.90M	$643.10M	$684.30M
Goodwill	$221.50M	$221.50M	$221.50M	$221.50M	$221.50M	$221.50M	$221.50M	$221.50M	$221.50M	$221.50M	$221.50M	$221.50M
Total assets	$8.34B	$8.23B	$8.33B	$8.42B	$8.93B	$8.81B	$8.66B	$8.83B	$8.84B	$8.96B	$9.08B	$8.91B
Total debt	$5.33B	$5.23B	$5.38B	$5.44B	$5.94B	$5.86B	$5.62B	$5.69B	$5.70B	$5.73B	$5.87B	$5.75B
Total liabilities	$7.21B	$7.09B	$7.18B	$7.28B	$7.68B	$7.55B	$7.37B	$7.53B	$7.54B	$7.65B	$7.79B	$7.63B
Shareholders' equity	$1.13B	$1.15B	$1.15B	$1.08B	$1.25B	$1.26B	$1.30B	$1.31B	$1.30B	$1.30B	$1.29B	$1.28B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025 Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023 Dec 31, 2023
Operating cash flow	$66.30M	$68.90M	$97.80M	$177.40M	$44.20M	$61.60M	$76.50M	$201.60M	$78.50M	$241.50M	$52.20M	$87.90M
Capital expenditures	$16.70M	$11.70M	$6.30M	$18.80M	$8.90M	$8.70M	$9.20M	$21.50M	$16.40M	$11.30M	$4.60M	$11.90M
Free cash flow	$49.60M	$57.20M	$91.50M	$158.60M	$35.30M	$52.90M	$67.30M	$180.10M	$62.10M	$230.20M	$47.60M	$76.00M
Investing cash flow	-$108.30M	-$111.60M	-$70.20M	$12.80M	-$156.30M	-$150.50M	-$91.60M	-$109.40M	-$49.30M	$68.10M	-$124.00M	-$46.70M
Financing cash flow	$50.10M	$60.00M	-$98.60M	-$105.30M	$35.50M	$169.10M	-$124.20M	-$50.20M	-$61.00M	-$180.50M	$71.80M	-$72.80M
Dividends paid	$24.90M	$25.70M	$24.80M	$24.10M	$24.20M	$25.80M	$24.60M	$23.10M	$22.90M	$24.20M	$23.00M	$21.30M
Share repurchases	$21.70M	$13.10M	$7.20M	$12.40M	$19.90M	$30.80M	$8.20M	$13.80M	$6.00M	$900.0K	$0	$0
Stock-based compensation	$6.30M	$5.50M	$4.90M	$6.30M	$5.90M	$5.40M	$5.30M	$6.30M	$6.70M	$5.90M	$4.70M	$3.90M
Depreciation and amortization	$70.50M	$71.50M	$72.60M	$78.70M	$76.90M	$75.20M	$74.30M	$73.60M	$73.00M	$73.80M	$73.40M	$73.30M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025 Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023 Dec 31, 2023
Revenue growth, YoY	17.8%	-4.2%	-16.0%	-2.9%	-43.2%	-39.8%	-27.7%	-21.1%	-2.7%	16.5%	26.2%	35.0%
Net income growth, YoY	-41.9%	391.5%	-8.5%	545.7%	-3.5%	-63.2%	14.3%	-54.0%	44.0%	220.0%	438.6%	100.6%
EPS growth, YoY	-40.5%	605.9%	15.4%	570.6%	0.0%	-73.8%	-7.1%	-54.7%	42.3%	225.0%	460.0%	97.4%
Gross margin	23.7%	22.7%	26.2%	25.5%	31.1%	26.4%	24.3%	24.6%	21.2%	21.3%	20.3%	20.2%
Operating margin	17.9%	41.2%	20.5%	54.9%	26.1%	18.8%	17.0%	17.8%	15.3%	16.9%	14.2%	18.6%
Net margin	3.3%	20.3%	5.0%	30.5%	6.7%	4.0%	4.6%	4.6%	3.9%	6.5%	2.9%	7.9%
Free cash flow margin	9.3%	11.8%	18.6%	25.9%	7.8%	10.5%	11.5%	28.6%	7.8%	27.4%	5.9%	9.5%
Debt to equity	4.72	4.56	4.70	5.05	4.75	4.66	4.32	4.35	4.39	4.39	4.55	4.51

Source: XBRL data Trinity Industries Inc. files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures and share counts are restated for stock splits the filings show: 2-for-1, first reported Jul 30, 2014.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

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WABWestinghouse Air Brake Technologies Corporation	$12.21B	+13.2%	$1.37B	11.2%	$47.59B
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TRN FAQ

9 questions

What is TRN revenue?
Trinity Industries Inc. (TRN) reported $2.12B of revenue for the twelve months ended Sep 30, 2026. That is down 2.4% from the year before. Revenue for fiscal 2025 was $2.16B.
Is TRN profitable?
Yes. Trinity Industries Inc. earned $327.30M in net income for the twelve months ended Sep 30, 2026, a net margin of 15.4%.
How much cash and debt does TRN have?
Trinity Industries Inc. reported $158.30M in cash and cash equivalents and $5.33B of debt on its most recent balance sheet in SEC filings.
How fast is TRN revenue growing?
Trinity Industries Inc.'s revenue changed -30.0% in fiscal 2025, to $2.16B. Its compound annual growth rate was +4.3% over 5 years and -10.3% over 10 years.
What is TRN gross margin?
Trinity Industries Inc.'s gross profit was $521.30M on $2.12B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 24.6%.
What is TRN free cash flow?
Trinity Industries Inc. generated $356.90M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $410.40M less capital expenditures.
What is TRN earnings per share?
Diluted earnings per share were $4.00 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did TRN last report financial results?
The latest statements here come from Trinity Industries Inc.'s 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
Where does this TRN financial data come from?
Quantisnow builds these statements from the structured XBRL data Trinity Industries Inc. files with the SEC. It is provided for information only and is not investment advice.