What is Trinity Industries's net debt?

Trinity Industries (TRN) reported net debt of $5.25B in Q1 2026.

How has Trinity Industries's net debt changed year-over-year?

Trinity Industries's net debt decreased by 4.9% year-over-year, from $5.52B to $5.25B.

What is the long-term trend for Trinity Industries's net debt?

Over 5 years (2020 to 2025), Trinity Industries's net debt has grown at a 76.1% compound annual growth rate (CAGR), from $316.2M to $5.35B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Trinity Industries TRN Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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1.1×-0.3×

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UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Andersons Inc.ANDE

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SeadrillSDRL

1×+0.6×

Other financials

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

See full

Operating cash flow$97.8M+27.8%

CapEx$6.3M-31.5%

Free cash flow$91.5M+36.0%

Valuation

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Market cap$2.79B+11.9%

Enterprise value$8.04B0.0%

P/E10.9×-7.3×

P/S1.4×+0.5×

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

See full

Return on equity23.9%+10.9pp

Debt / equity5×-0.3×

Where this comes from

Calculated from Trinity Industries’s reported figures.

$5.4Btotal debt−$132.6Mcash and equivalents=$5.25B

The official record: Trinity Industries’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Trinity Industries's net debt?: Trinity Industries (TRN) reported net debt of $5.25B in Q1 2026.
How has Trinity Industries's net debt changed year-over-year?: Trinity Industries's net debt decreased by 4.9% year-over-year, from $5.52B to $5.25B.
What is the long-term trend for Trinity Industries's net debt?: Over 5 years (2020 to 2025), Trinity Industries's net debt has grown at a 76.1% compound annual growth rate (CAGR), from $316.2M to $5.35B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.