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Trinity Industries TRN Leasing & Services — Operating Income (Loss)

Other segment segments

Corporate Segment and Other Operating Segment
-$111.6M+11.2%
Corporate Segment
-$27.1M-2.3%
Rail Products Group
$3.4M-61.8%

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Other financials

Income statement

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Revenue$485.1M-4.2%
Gross profit$109.9M-17.6%
Operating income$199.8M+109%
Net income$98.3M+597%
EPS (diluted)$1.20+606%

Balance sheet

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Cash & equivalents$155.7M+5.4%
Total debt$5.2B-10.8%
Total equity$1.1B+13.3%
Total assets$8.2B-6.6%

Cash flow

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Operating cash flow$68.9M+11.9%
CapEx$11.7M+34.5%
Free cash flow$57.2M+8.1%

Valuation

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Market cap$2.47B+13.1%
Enterprise value$7.54B-4.5%
P/E7.3×-15.3×
P/S1.2×+0.3×

Profitability

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Gross margin26.2%+2.4pp
Operating margin37%+19.9pp
Net margin16.6%+12.8pp
FCF margin16.8%+2.4pp

Returns & leverage

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Return on equity31.5%+22.2pp
Debt / equity4.6×-1.2×

Where this comes from

Reported directly by Trinity Industries in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Trinity Industries’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 12:11 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000099780-26-000119
Line itemThree Months Ended June 30, 2026 / Railcar Leasing and Services GroupThree Months Ended June 30, 2026 / Rail Products GroupThree Months Ended June 30, 2026 / TotalThree Months Ended June 30, 2025 / Railcar Leasing and Services GroupThree Months Ended June 30, 2025 / Rail Products GroupThree Months Ended June 30, 2025 / Total
Rail Products Group cost of revenues (2)*247.4*277.9
Depreciation and amortization for Company-owned railcars (3)57.0*61.8*
Maintenance and compliance for Company-owned railcars (3)(4)42.2*43.1*
Selling, engineering, and administrative expenses16.37.613.96.7
Gains on lease portfolio sales(8.2)*(7.8)*
Gain on divestiture of partially-owned leasing subsidiary(131.6)**
Other segment items (5)81.10.172.8
Segment operating profit$224.3$3.4$227.7$118.6$8.9$127.5

Item 1. Financial Statements

FAQ

What is Trinity Industries's leasing & services — operating income (loss)?
Trinity Industries (TRN) reported leasing & services — operating income (loss) of $224.3M in Q2 2026.
How has Trinity Industries's leasing & services — operating income (loss) changed year-over-year?
Trinity Industries's leasing & services — operating income (loss) increased by 89.1% year-over-year, from $118.6M to $224.3M.
What is the long-term trend for Trinity Industries's leasing & services — operating income (loss)?
Over 3 years (2022 to 2025), Trinity Industries's leasing & services — operating income (loss) has grown at a 20.8% compound annual growth rate (CAGR), from $401.8M to $708.4M.
What does leasing & services — operating income (loss) mean?
This metric measures the core profitability of the railcar leasing and services segment by subtracting operating expenses from segment revenues. It serves as a primary indicator of the operational efficiency and market demand for the company's fleet management and leasing services.

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