Tearsheet
Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. TRN Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Trinity Industries (TRN)

Market Price (9/18/2025): $27.74 | Market Cap: $2.3 Bil
Sector: Industrials | Industry: Construction Machinery & Heavy Transportation Equipment

Trinity Industries (TRN)

Market Price (9/18/2025): $27.74
Market Cap: $2.3 Bil
Sector: Industrials
Industry: Construction Machinery & Heavy Transportation Equipment

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 4.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.8%		 Weak multi-year price returns
2Y Excs Rtn is -20%, 3Y Excs Rtn is -35%		 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 244%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%		  Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.4%, Rev Chg QQuarterly Revenue Change % is -28%
2 Low stock price volatility
Vol 12M is 35%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, Dividend Yield is 4.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.8%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%
2 Low stock price volatility
Vol 12M is 35%
3 Weak multi-year price returns
2Y Excs Rtn is -20%, 3Y Excs Rtn is -35%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 244%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.4%, Rev Chg QQuarterly Revenue Change % is -28%

Market Valuation

 9/18/252024202320222021
Share Price CYE$27.74$34.04$24.81$26.46$26.08
Market Cap CYE ($ Bil)2.32.82.02.12.5
Total Debt ($ Bil)5.65.75.85.65.2
Total Cash ($ Bil)0.10.20.10.10.2
Enterprise Value ($ Bil)7.88.57.87.77.7
Valuation Ratios     
P/S TTM0.80.90.71.22.0
P/EBIT TTM4.75.85.27.212.4
P/E TTM16.620.820.440.316.8
Sector Ratios     
P/S TTM (Sector)1.71.41.41.11.6
P/EBIT TTM (Sector)11.310.210.08.312.1
P/E TTM (Sector)16.613.713.911.215.6
 9/18/2520242023
Share Price CYE$27.74$34.04$24.81
Market Cap CYE ($ Bil)2.32.82.0
Total Debt ($ Bil)5.65.75.8
Total Cash ($ Bil)0.10.20.1
Enterprise Value ($ Bil)7.88.57.8
Valuation Ratios   
P/S TTM0.80.90.7
P/EBIT TTM4.75.85.2
P/E TTM16.620.820.4
Sector Ratios   
P/S TTM (Sector)1.71.41.4
P/EBIT TTM (Sector)11.310.210.0
P/E TTM (Sector)16.613.713.9

Market Cap Chart

Business Description

Trinity Industries, Inc. provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
TRN Return24%18%1%-6%37%-19%58%
Peers Return13%22%-1%18%4%-5%56%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: R, LSTR, WERN, HTLD, CAT. See TRN Returns vs. Peers.
[3] 2025 data is for the year up to 9/17/2025 (YTD)

Better Bets than Trinity Industries (TRN)

 TRNBetter Performance than TRN
MetricValueIndustry (Construction Machinery & Heavy)
Rev Chg LTM-9.4%CAT (-4.9%), CMI (-1.3%), PCAR (-8.6%), WAB (3.4%), OSK (0.2%)
Rev Chg 3Y Avg22.3%
Op Mgn LTM14.4%CAT (18.2%), WAB (16.2%), FSS (15.6%), GATX (31.2%)
CFO/Rev LTM20.9%GATX (39.0%)
FCF/Rev LTM0.9%CAT (12.3%), CMI (4.9%), PCAR (7.3%), WAB (13.7%), OSK (5.7%)
Total Yield10.2%PCAR (10.7%), GBX (18.9%)
 TRNBetter Performance than TRN
MetricValueAll Other Sectors
Rev Chg LTM-9.4%NVDA (71.6%), MSFT (14.9%), AAPL (6.0%), GOOGL (13.1%), AMZN (10.9%)
Rev Chg 3Y Avg22.3%NVDA (92.0%), AVGO (24.0%), LLY (23.4%), PLTR (25.7%), APP (23.7%)
Op Mgn LTM14.4%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM20.9%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), META (56.4%)
FCF/Rev LTM0.9%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), AMZN (2.0%)
Total Yield10.2%BABA (37.9%), TM (2077.1%), MRK (12.0%), VZ (15.8%), PFE (13.2%)

Latest Trefis Analyses

Recent Active Movers

1 Week Top Gainers

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4ATHAAthira Pharma892.1%544.3%
5SDOTSadot690.6%-79.9%
6ATCHAtlasClear684.9%-83.1%
7HSDTHelius Medical Technologies232.1%-95.5%
8CHEKCheck-Cap222.2%134.4%
9APLMApollomics197.8%89.1%
10SPRCSciSparc147.0%1141.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1CURXCuranex Pharmaceuticals-80.5%148.4%
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3NAKAKindly MD-70.2% 
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6FAASDigiAsia-55.4%-88.0%
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10RBNERobin Energy-42.6% 

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6QMMMQMMM3409.6%8153.1%
7ECDAECD Automotive Design2715.2%307.9%
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9OPOceanPal1266.5%-95.6%
10BCTXBriaCell Therapeutics1032.4%-89.8%

1 Month Top Losers

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5EPIXESSA Pharma-89.4%-8.9%
6NAKAKindly MD-88.1% 
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8JEM707 Cayman-87.4%-98.2%
9YAASYouxin Technology-83.3%-98.4%
10NEONNeonode-82.5%-51.0%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1ECDAECD Automotive Design3347.2%307.9%
2BDSXBiodesix1090.6%-79.7%
3CLSDClearside Biomedical987.7%-74.7%
4ATHAAthira Pharma892.1%544.3%
5SDOTSadot690.6%-79.9%
6ATCHAtlasClear684.9%-83.1%
7HSDTHelius Medical Technologies232.1%-95.5%
8CHEKCheck-Cap222.2%134.4%
9APLMApollomics197.8%89.1%
10SPRCSciSparc147.0%1141.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1CURXCuranex Pharmaceuticals-80.5%148.4%
2ATYRaTyr Pharma-80.4%-71.7%
3NAKAKindly MD-70.2% 
4BNGOBionano Genomics-64.0%-89.8%
5XAGELongevity Health-57.6%-86.1%
6FAASDigiAsia-55.4%-88.0%
7ASSTStrive-54.5%650.3%
8VCIGVCI Global-51.0%-98.9%
9REXREX American Resources-50.7%44.3%
10RBNERobin Energy-42.6% 

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Trinity Industries

Financials

TRNRLSTRWERNHTLDCATMedian
NameTrinity .Ryder Sy.Landstar.Werner E.Heartlan.Caterpil. 
Mkt Price27.74184.59125.5927.638.40450.6676.67
Mkt Cap2.37.64.41.70.7211.73.3
Rev LTM2,85512,7174,7872,96693263,1393,876
Op Inc LTM4121,11120285-4411,510307
FCF LTM2528188-120-317,74027
FCF 3Y Avg-468-443359-11528,349-56
CFO LTM5982,59020720712011,373403
CFO 3Y Avg3042,40938535416411,517369

Growth & Margins

TRNRLSTRWERNHTLDCATMedian
NameTrinity .Ryder Sy.Landstar.Werner E.Heartlan.Caterpil. 
Rev Chg LTM-9.4%3.1%-2.1%-6.4%-16.4%-4.9%-5.6%
Rev Chg 3Y Avg22.3%3.9%-14.0%-0.9%23.2%5.8%4.8%
Rev Chg Q-27.7%-0.4%-1.1%-1.0%-23.4%-0.7%-1.1%
QoQ Delta Rev Chg LTM-7.3%-0.1%-0.3%-0.3%-6.5%-0.2%-0.3%
Op Mgn LTM14.4%8.7%4.2%2.9%-4.8%18.2%6.5%
Op Mgn 3Y Avg12.1%9.1%5.6%4.8%-0.8%18.8%7.3%
QoQ Delta Op Mgn LTM0.4%0.0%-0.2%1.3%-1.7%-0.9%-0.1%
CFO/Rev LTM20.9%20.4%4.3%7.0%12.9%18.0%15.5%
CFO/Rev 3Y Avg10.6%19.3%7.0%11.1%14.6%17.8%12.8%
FCF/Rev LTM0.9%0.2%3.9%-4.0%-3.4%12.3%0.5%
FCF/Rev 3Y Avg-19.8%-3.6%6.5%-3.6%-0.0%12.9%-1.8%

Valuation

TRNRLSTRWERNHTLDCATMedian
NameTrinity .Ryder Sy.Landstar.Werner E.Heartlan.Caterpil. 
Mkt Cap2.37.64.41.70.7211.73.3
P/S0.80.60.90.60.73.40.7
P/EBIT4.77.021.715.6-20.117.311.3
P/E16.514.926.132.1-18.322.419.5
P/CFO3.82.921.28.15.518.66.8
Total Yield10.2%8.5%6.6%5.2%-5.5%5.7%6.2%
Dividend Yield4.2%1.9%2.8%2.1%0.0%1.3%2.0%
FCF Yield 3Y Avg-21.5%-9.8%5.7%-5.2%-0.4%5.4%-2.8%
D/E2.51.20.00.40.30.20.4
Net D/E2.41.1-0.10.40.30.20.3

Returns

TRNRLSTRWERNHTLDCATMedian
NameTrinity .Ryder Sy.Landstar.Werner E.Heartlan.Caterpil. 
1M Rtn-0.2%3.2%-2.5%-0.9%6.1%9.2%1.5%
3M Rtn6.9%22.5%-8.1%-0.8%-3.7%25.7%3.1%
6M Rtn-3.8%33.4%-14.1%-4.9%-10.5%34.2%-4.3%
12M Rtn-13.0%31.8%-30.3%-24.9%-31.8%29.4%-18.9%
3Y Rtn36.6%177.2%-5.5%-25.3%-39.4%165.3%15.6%
1M Excs Rtn-2.6%0.8%-4.8%-3.2%3.7%6.9%-0.9%
3M Excs Rtn-1.8%12.8%-18.2%-10.2%-12.8%16.1%-6.0%
6M Excs Rtn-20.2%16.1%-33.1%-25.3%-28.6%17.4%-22.7%
12M Excs Rtn-27.0%18.9%-46.9%-42.0%-47.4%15.3%-34.5%
3Y Excs Rtn-34.8%88.7%-70.6%-89.4%-104.1%86.9%-52.7%

Comparison Analyses

Title
0TRN Looks Stronger Than LSTR With 23% Return Potential
1WERN or TRN - With 23% Return Forecast, TRN Probably Deserves Your Money
2Why TRN With 23% Upside May Beat R?
3Trinity Industries vs. Heartland Express: Both Seem Similar Bets
4Trinity Industries vs. Axcelis Technologies: With Return Forecast Of 85%, Trinity Industries Is A Better Bet
5Trinity Industries vs. Maxar Technologies: With Return Forecast Of 85%, Trinity Industries Is A Better Bet
6Trinity Industries vs. Energizer: With Return Forecast Of 85%, Trinity Industries Is A Better Bet
7Trinity Industries vs. Okta: With Return Forecast Of 66%, Okta Is A Better Bet
8Trinity Industries vs. Enphase Energy: With Return Forecast Of 38%, Trinity Industries Is A Better Bet
9Trinity Industries vs. Verisign CA: With Return Forecast Of 38%, Trinity Industries Is A Better Bet

Financials

$ Mil | FY: 12/312025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q2
Period End3/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/20226/30/2022
Filing Date5/1/20252/20/202510/31/20248/1/20245/1/20242/22/202411/2/20238/1/20235/2/20232/21/202310/25/20227/27/2022
Key Financials Quarterly            
Total Revenue585629799841810798821722642591497417
Ebitda177188197219185222174171141184163141
Operating Income9293109118112112936753535346
Net Income2229315424632217431264
EPS0.270.350.380.660.290.770.270.210.050.390.320.04
Key Financials TTM            
Total Revenue TTM2,8553,0793,2483,2703,1512,9832,7772,4522,1461,9771,8581,782
Ebitda TTM781789823800752708670659630612565550
Operating Income TTM412432451435384325266227206182183166
Net Income TTM13713817216312510674786560163169
Growth Rates Quarterly            
Total Revenue Growth-27.7%-21.1%-2.7%16.5%26.2%35.0%65.4%73.3%35.8%25.2%18.3%42.1%
EBITDA Growth-4.5%-15.1%13.0%28.4%31.0%20.2%6.8%20.7%14.7%34.2%10.5%25.6%
Operating Income Growth-18.0%-16.8%17.6%75.9%110.9%110.7%73.9%44.8%80.7%-1.7%45.6%2.7%
Net Income Growth-6.8%-54.0%44.0%220.0%438.6%100.6%-15.5%359.5%728.6%-76.6%-19.4%-70.9%
Margins Quarterly            
EBITDA Margin30.2%29.9%24.6%26.0%22.9%27.8%21.2%23.6%22.0%31.2%32.8%33.9%
Operating Income Margin15.7%14.8%13.6%14.0%13.9%14.1%11.3%9.3%8.3%9.0%10.7%11.1%
Net Income Margin3.8%4.6%3.9%6.5%2.9%7.9%2.7%2.4%0.7%5.3%5.2%0.9%
Cash & Debt            
Total Cash952282222571191061149282805850
Total Debt5,6165,6915,7005,7275,8675,7545,7825,8335,8195,6085,4945,539
Net Debt / (Cash)5,5215,4635,4775,4705,7485,6485,6685,7415,7375,5285,4355,489
Cash Flows Quarterly            
FCF from Operations76202782425288733699555-94
Cash Flows TTM            
FCF from Operations TTM59857446045424829626319566-13117204
Returns to Shareholders Quarterly            
Dividends252323242321212221191920
Share Repurchases81461000060151428
Return on Invested Capital (ROIC) Quarterly            
ROIC5.3%5.9%5.8%6.6%5.8%7.2%5.3%3.5%3.7%3.1%3.0%2.5%
Return on Invested Capital (ROIC) TTM            
ROIC TTM5.8%6.1%6.6%6.5%5.5%5.4%4.2%3.5%3.2%2.6%2.6%2.3%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Rail Products Group2,4791,8861,2651,6102,975
Railcar Leasing and Services Group1,0418527358021,117
Elimination of intersegment revenues-537-760   
Corporate and other  0  
Eliminations - Lease subsidiary  -478-653-1,331
Eliminations - Other  -6-9-17
All Other    261
Total2,9831,9771,5161,7503,005


Operating Income by Segment
$ Mil20242023202220212020
Railcar Leasing and Services Group438402351354407
Rail Products Group11366536278
Restructuring activities, net2-14-11-15
Eliminations-27-52   
Corporate and other-108-81-84-100-108
Eliminations - Lease subsidiary  -17-35-165
Eliminations - Other  -1-2-0
Impairment of long-lived assets   -396 
All Other    20
Total417334257-155416


Assets by Segment
$ Mil20242023202220212020
Railcar Leasing and Services Group8,119  7,6528,013
Rail Products Group1,189  8591,020
Corporate and other286  833378
Eliminations-688    
Assets of discontinued operations   178 
Eliminations - Lease subsidiary   -820-904
All Other    196
Eliminations - Other    -1
Total8,906  8,7028,701


Price Behavior

TRN Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta0.370.931.110.981.091.07
Up Beta3.162.772.671.021.051.06
Down Beta-2.07-2.54-0.861.021.071.10
Up Capture140%100%106%72%99%109%
Bmk +ve Days10223571142415
Stock +ve Days13203257122385
Down Capture-223%112%95%103%116%102%
Bmk -ve Days11192754106334
Stock -ve Days8223168126358

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity2,891,141
Short Interest: % Change Since 81520254.2%
Average Daily Volume500,441
Days-to-Cover Short Interest5.78
Basic Shares Quantity81,600,000
Short % of Basic Shares3.5%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/31/2025-6.7%8.0%14.5%
5/1/2025-2.9%-3.9%2.5%
2/20/2025-8.3%-8.9%-13.4%
10/31/2024-4.1%3.6%5.5%
8/1/202410.4%-1.0%-0.6%
2/22/2024-4.1%-8.0%0.8%
11/2/20239.9%11.5%23.8%
8/1/2023-2.4%0.2%-4.0%
...
SUMMARY STATS   
# Positive91113
# Negative12108
Median Positive3.7%6.3%8.3%
Median Negative-2.9%-6.8%-8.9%
Max Positive10.4%21.8%30.6%
Max Negative-9.1%-12.1%-30.6%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025731202510-Q 6/30/2025
3312025501202510-Q 3/31/2025
12312024220202510-K 12/31/2024
93020241031202410-Q 9/30/2024
6302024801202410-Q 6/30/2024
3312024501202410-Q 3/31/2024
12312023222202410-K 12/31/2023
93020231102202310-Q 9/30/2023
6302023801202310-Q 6/30/2023
3312023502202310-Q 3/31/2023
12312022221202310-K 12/31/2022
93020221025202210-Q 9/30/2022
6302022727202210-Q 6/30/2022
3312022427202210-Q 3/31/2022
12312021217202210-K 12/31/2021
93020211026202110-Q 9/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Mitchell Gregory BEVP Leasing and Services3042025Sell31.029,286288,0523,470,487Form
1Biesterfeld Robert C Jr 1032025Buy23.84491,1681,168Form
2Mitchell Gregory BEVP Leasing and Services11192024Sell37.1520,510761,9464,501,280Form

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