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Trinity Industries

TRN

Trinity Industries is a leading provider of railcar products and services in North America, operating under the TrinityRail brand.

Market cap
$2.95B+44.7%
Revenue$2.1B-27.7%
Net income$255.2M+86.6%
Free cash flow$338.3M-37.3%
EPS (diluted)$3.12+92.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (Tomorrow)
Revenue estimate$474.8M
EPS estimate$1.34

Financials

Q1 2026

Income statement

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Revenue$492.0M-16.0%
Gross profit$128.9M-9.4%
Operating income$101.1M+1.3%
Net income$24.2M+9.5%
EPS (diluted)$0.30+15.4%

Balance sheet

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Cash & equivalents$132.6M+39.7%
Total debt$5.4B-4.2%
Total equity$1.1B+2.4%
Total assets$8.3B-3.9%

Cash flow

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Operating cash flow$97.8M+27.8%
CapEx$6.3M-31.5%
Free cash flow$91.5M+36.0%

Valuation & ratios

Valuation

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Market cap$2.95B+44.7%
Enterprise value$8.2B+4.4%
P/E11.6×-10.7×
P/S1.4×+0.6×

Profitability

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Gross margin27.1%+4.5pp
Operating margin31.5%+14.8pp
Net margin12.4%+7.6pp
FCF margin16.4%-2.5pp

Returns & leverage

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Return on equity23.9%+10.9pp
Debt / equity-0.3×

Segments

By product

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Leasing and Management$210.3M-4.0%
Parts & Components$24.8M-24.2%
Digital & Logistics Services$12.3M+33.7%

By segment

See full
Rail Products Group$300.0M-28.7%

Competitors

Profile

Trinity Industries is a leading provider of railcar products and services in North America, operating under the TrinityRail brand. The company offers a comprehensive platform that integrates railcar manufacturing, leasing, maintenance, and logistics software to provide a single source for rail transportation solutions. Its core value proposition centers on optimizing railcar ownership and supply chain efficiency for railroads and industrial shippers.

Competitive position

Trinity is a market leader in North American railcar leasing and manufacturing, maintaining one of the largest railcar fleets and a significant share of new railcar production.

GeographiesUnited States, Mexico, Canada
Customer segmentsEnergy companies, Agricultural producers, Chemical manufacturers, Construction and metals firms, Consumer product companies
Business modelAsset leasing, Manufacturing, Maintenance and repair services, Software-as-a-Service (SaaS)
SuppliersSteel producers, Specialty component manufacturers (brakes, wheels, bearings), Energy and natural gas providers
CustomersClass I Railroads, Chemical and petroleum shippers, Agricultural cooperatives, Steel and construction material distributors
Listed1972
Employees9.5K
CEOE. Jean Savage
IndustryRailroads
Websitetrin.net
FilingsSEC EDGAR

Questions, answered.

What is Trinity Industries's market cap?
Trinity Industries (TRN) has a market capitalization of $2.9B and trades on NYSE.
What is Trinity Industries's revenue and profitability?
Trinity Industries generated $2.1B in trailing twelve-month revenue with net income of $255.2M, representing a net margin of 12.4%. Gross margin stands at 27.1%, with free cash flow of $338.3M. These figures are based on the Q1 2026 filing.
Who are Trinity Industries's competitors?
Trinity Industries's key competitors include GATX Corporation, Greenbrier Companies, Inc., FreightCar America, Inc., and others. These companies compete in similar markets and product categories.
Who does Trinity Industries partner with?
Trinity Industries's notable partners include Napier Park Global Capital, Caterpillar, Inc., Deloitte & Touche LLP.
What subsidiaries does Trinity Industries have?
Trinity Industries's subsidiaries include Trinity Industries Leasing Company (TILC), RSI Logistics, Holden America, and others.
Where is Trinity Industries headquartered?
Trinity Industries is headquartered in United States of America and employs approximately 9,480 people. It has been publicly traded since 1972.