Trinity Industries Inc (TRN) Financial Statements
Industry: Railroad Equipment
In fiscal 2025, Trinity Industries reported revenue of $2.16B, down 30.0% from $3.08B the year before. Net income was $253.1M (a 11.7% net margin), or $3.05 per diluted share. Gross margin was 26.6% and operating margin was 30.1%. Operating activities generated $359.7M of cash, leaving $314.1M of free cash flow. At fiscal year end, Trinity Industries held $8.42B in total assets against $7.28B in total liabilities, including $201.3M of cash and equivalents.
Open the full interactive Trinity Industries financials → Quarterly statements, key ratios, valuation history and price charts.
Trinity Industries Key Stats
| Share Price | $26.25 |
|---|---|
| Market Cap | $2.14B |
| P/E Ratio | 8.6 |
| Revenue YoY Growth | -29.9% |
| 52-Week Range | $24.19 – $38.07 |
| Shares Outstanding | 79.6 million (basic, 2026 Q2) |
Trinity Industries Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.00B | $1.52B | $1.98B | $2.98B | $3.08B | $2.16B |
| Cost of Goods Sold | $1.51B | $1.16B | $1.61B | $2.46B | $2.41B | $1.58B |
| Gross Profit | $491.0M | $354.5M | $367.7M | $527.1M | $668.2M | $572.7M |
| Operating Income | -$124.5M | $256.8M | $334.0M | $417.0M | $491.5M | $649.2M |
| Pre-Tax Income | -$494.5M | $55.2M | $126.5M | $149.0M | $221.8M | $375.4M |
| Income Tax | -$268.4M | $15.9M | $27.6M | $9.0M | $50.4M | $90.9M |
| Net Income | -$147.3M | $182.0M | $60.1M | $106.0M | $138.4M | $253.1M |
| Diluted EPS | -$1.27 | $1.75 | $0.71 | $1.27 | $1.64 | $3.05 |
Trinity Industries Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $454.1M | $611.2M | $492.0M | $485.1M |
| Net Income | $30.3M | $186.6M | $24.2M | $98.3M |
| Diluted EPS | $0.37 | $2.25 | $0.30 | $1.20 |
Trinity Industries Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $132.0M | $167.3M | $79.6M | $105.7M | $228.2M | $201.3M |
| Total Assets | $8.70B | $8.24B | $8.72B | $8.91B | $8.83B | $8.42B |
| Total Long-Term Debt | $5.06B | $5.22B | $5.65B | $5.75B | $5.69B | $5.44B |
| Total Liabilities | $6.69B | $6.94B | $7.45B | $7.63B | $7.53B | $7.28B |
| Shareholders' Equity | $1.74B | $1.03B | $1.01B | $1.04B | $1.06B | $1.08B |
Trinity Industries Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $651.7M | $611.8M | -$12.8M | $295.6M | $573.8M | $359.7M |
| Cash From Investing | -$532.9M | $276.3M | -$260.7M | -$363.0M | -$214.6M | -$385.6M |
| Cash From Financing | -$168.0M | -$814.1M | $265.4M | $8.2M | -$219.9M | -$24.9M |
| Free Cash Flow | $549.4M | $588.2M | -$50.8M | $254.3M | $520.0M | $314.1M |
Figures from Trinity Industries' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Trinity Industries financials page for every line item.
Trinity Industries Company Profile
| Ticker | TRN |
|---|---|
| Exchange | NYSE |
| Industry | Railroad Equipment |
| Headquarters | Dallas, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000099780 |
Frequently Asked Questions
What was Trinity Industries' revenue in fiscal 2025?
Trinity Industries (TRN) reported revenue of $2.16B for fiscal 2025.
What is Trinity Industries' annual revenue history?
Trinity Industries' annual revenue by fiscal year: 2020: $2.00B; 2021: $1.52B; 2022: $1.98B; 2023: $2.98B; 2024: $3.08B; 2025: $2.16B.
What was Trinity Industries' net income in fiscal 2025?
Trinity Industries reported net income of $253.1M for fiscal 2025.
What was Trinity Industries' earnings per share (EPS) in fiscal 2025?
Trinity Industries' diluted EPS was $3.05 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Trinity Industries generate in fiscal 2025?
Trinity Industries generated $314.1M of free cash flow in fiscal 2025.
What was Trinity Industries' revenue last quarter?
In its most recent reported quarter (2026 Q2), Trinity Industries reported revenue of $485.1M.
How much debt does Trinity Industries have?
Trinity Industries reported $5.44B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Trinity Industries are outstanding?
Trinity Industries reported a weighted average of 79.6 million basic shares outstanding in 2026 Q2.
What is Trinity Industries' market cap?
Based on its latest closing price, Trinity Industries (TRN) has a market capitalization of about $2.14B.
When does Trinity Industries' fiscal year end?
Trinity Industries' fiscal year end, as registered with the SEC, is December 31.
Where is Trinity Industries headquartered?
Trinity Industries lists its business address in Dallas, Texas in its SEC filings.