Trinity Industries, Inc. (TRN)

TRN Financials

TRN Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	2.063B	492.000M	611.200M	454.100M	506.200M	585.400M	629.400M	798.800M	841.400M
Cost of Goods Sold	1.506B	363.100M	458.300M	313.900M	370.900M	438.500M	474.400M	629.300M	665.500M
Gross Profit	557.300M	128.900M	152.900M	140.200M	135.300M	146.900M	155.000M	169.500M	179.000M
Gross Profit Margin	26.2%	26.2%	25.0%	30.9%	26.7%	25.1%	24.6%	21.2%	21.3%
Total Operating Expenses	215.000M	50.700M	69.700M	45.200M	49.400M	50.000M	43.000M	47.100M	37.100M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	215.000M	50.700M	69.700M	45.200M	49.400M	50.000M	61.600M	60.500M	61.300M
Operating Income (EBIT)	342.300M	78.200M	83.200M	95.000M	85.900M	96.900M	112.000M	122.400M	141.900M
Operating Margin	15.9%	15.9%	13.6%	20.9%	17.0%	16.6%	17.8%	15.3%	16.9%
Income Before Tax (EBT)	374.100M	35.100M	264.800M	48.200M	26.000M	36.400M	47.500M	56.400M	75.200M
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	265.300M	65.400M	62.400M	69.800M	67.700M	66.100M	66.900M	67.400M	70.100M
Other Income/Expense	31.800M	-43.100M	181.600M	-46.800M	-59.900M	-60.500M	-64.500M	-66.000M	-66.700M
Net Income	255.200M	24.200M	186.600M	30.300M	14.100M	22.100M	28.900M	31.400M	54.400M
Income Tax Expense	92.000M	8.500M	68.300M	11.100M	4.100M	7.400M	6.700M	15.600M	17.100M
Net Profit Margin	4.9%	4.9%	30.5%	6.7%	2.8%	3.8%	4.6%	3.9%	6.5%
EBITDA	942.800M	173.100M	405.900M	194.900M	168.900M	176.800M	188.000M	196.800M	219.100M
EBITDA Margin	35.2%	35.2%	66.4%	42.9%	33.4%	30.2%	29.9%	24.6%	26.0%
Depreciation & Amortization	303.400M	72.600M	78.700M	76.900M	75.200M	74.300M	73.600M	73.000M	73.800M
EPS Basic	3.19	0.30	2.34	0.38	0.17	0.27	0.35	0.38	0.66
EPS Diluted	3.12	0.30	2.28	0.37	0.17	0.26	0.34	0.37	0.65
Shares Outstanding	79.700M	79.700M	79.900M	80.500M	81.300M	81.600M	81.900M	82.200M	82.400M
Diluted Shares Outstanding	81.900M	81.900M	81.800M	81.900M	82.900M	83.800M	84.200M	84.100M	84.100M

TRN Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	2.157B	3.079B	2.983B	1.977B	1.516B	1.750B	2.752B	2.509B
Cost of Goods Sold	1.584B	2.411B	2.456B	1.610B	1.161B	1.327B	2.178B	1.939B
Gross Profit	572.700M	668.200M	527.100M	367.700M	354.500M	422.300M	574.000M	570.300M
Gross Profit Margin	26.6%	21.7%	17.7%	18.6%	23.4%	24.1%	20.9%	22.7%
Total Operating Expenses	214.300M	176.700M	110.100M	33.700M	97.700M	576.900M	177.200M	296.600M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	214.300M	235.700M	201.900M	185.400M	179.000M	341.100M	217.000M	296.600M
Operating Income (EBIT)	358.400M	491.500M	417.000M	334.000M	256.800M	-154.600M	396.800M	315.100M
Operating Margin	16.6%	16.0%	14.0%	16.9%	16.9%	-8.8%	14.4%	12.6%
Income Before Tax (EBT)	375.400M	221.800M	149.000M	126.500M	55.200M	-524.600M	181.200M	151.600M
Interest Income	—	—	—	—	—	3.200M	7.300M	11.900M
Interest Expense	274.200M	273.500M	265.500M	209.100M	191.400M	216.000M	221.800M	179.300M
Other Income/Expense	17.000M	-269.700M	-268.000M	-207.500M	-201.600M	-370.000M	-215.600M	-163.500M
Net Income	253.100M	138.400M	106.000M	60.100M	182.000M	-147.300M	137.600M	159.300M
Income Tax Expense	90.900M	50.400M	9.000M	27.600M	15.900M	-274.100M	58.800M	42.600M
Net Profit Margin	11.7%	4.5%	3.6%	3.0%	12.0%	-8.4%	5.0%	6.3%
EBITDA	954.700M	789.100M	707.700M	612.000M	512.300M	-55.100M	672.200M	584.700M
EBITDA Margin	44.3%	25.6%	23.7%	31.0%	33.8%	-3.1%	24.4%	23.3%
Depreciation & Amortization	305.100M	293.800M	293.200M	276.400M	265.700M	258.500M	276.500M	251.900M
EPS Basic	3.13	1.69	1.31	1.05	0.39	-1.95	1.08	1.11
EPS Diluted	3.05	1.64	1.27	0.78	0.38	-1.95	1.07	1.09
Shares Outstanding	80.800M	81.900M	81.200M	81.900M	101.500M	115.900M	125.600M	144.000M
Diluted Shares Outstanding	82.900M	84.200M	83.400M	84.200M	103.800M	115.900M	127.300M	146.400M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Trinity Industries, Inc.

Trinity Industries, Inc. operates in North America, providing railway transportation solutions under its TrinityRail brand. The company is organized into two main divisions: Railcar Leasing and Management Services, and Rail Products. The Railcar Leasing and Management Services group focuses on leasing freight and tank railcars, overseeing railcar leases on behalf of third-party investors, and offering comprehensive fleet maintenance and management. As of December 31, 2021, this segment managed a fleet of 106,970 railcars, which it either owned or leased. Its customers are industrial shippers and railroad companies across various sectors, including agriculture, construction and metals, consumer goods, energy, and refined products and chemicals. Conversely, the Rail Products Group manufactures freight and tank railcars designed for transporting diverse liquids, gases, and dry cargo. This division also provides railcar maintenance and modification services. Its clientele includes railroads, leasing businesses, and industrial shippers in the same key markets: agriculture, construction and metals, consumer products, energy, and refined products and chemicals. Trinity Industries distributes its offerings via both its internal sales teams and independent representatives. Established in 1933, the company maintains its headquarters in Dallas, Texas.

Dallas, TX

7,380 employees

www.trin.net

Industrials / Railroads

Sector: Industrials
Industry: Railroads
CEO: E. Jean Savage

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