TRN

MKT CAP:$3B

Trinity Industries, Inc.

Market Cap

$3B

Industrials·Railroads·🇺🇸 United States·NYSE

Industrials·Railroads·🇺🇸·NYSE

Stock Price

$31.23+$4.28 (+15.88%)

Apr 22, 2026

Company Details

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. The Railcar Leasin...

CEO

E. Jean Savage

IPO Date

May 3, 1973

Website

www.trin.net

Key Metrics TTM

Revenue

$2.5B

— YoY

Net Income

$111M

EPS (Diluted)

$0.85

Free Cash Flow

$133M

Revenue / Share

$29.33

Gross Margin

23.4%

Operating Margin

14.3%

Net Margin

4.5%

FCF Margin

5.4%

P/S

1.0x

P/E

22.8x

Earnings Reports

Q2 2025

Apr 30, 2026

PENDING

Q1 2025

May 1, 2025

$585MEPS $0.00

FY 2024

Feb 20, 2025

$3.1BEPS $1.64

Q2 2024

Aug 1, 2024

$841MEPS $0.65

Q4 2020

Feb 24, 2021

$416M-51.1%EPS -$1.13

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 19	$851M	$176M	$97M
Q1 20	$615M	$133M	$73M
Q4 20	$416M	$120M	$37M
Q2 24	$841M	$179M	$142M
Q1 25	$585M	$142M	$100M

Valuation

Quarter	P/S	P/E
Q4 19	—	—
Q1 20	—	—
Q4 20	—	—
Q2 24	0.9x	22.9x
Q1 25	1.0x	22.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 19	$230M	-$72M
Q1 20	$174M	$30M
Q4 20	$195M	$10M
Q2 24	$242M	$145M
Q1 25	$77M	-$53M

Capital Expenditures

Quarter	CapEx
Q4 19	$302M
Q1 20	$143M
Q4 20	$185M
Q2 24	$97M
Q1 25	$129M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 25	-31.2%	-35.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 19	$8M	0.9%
Q1 20	$7M	1.2%
Q4 20	$7M	1.7%
Q2 24	$6M	0.7%
Q1 25	$5M	0.9%

OpEx Breakdown

Quarter	SG&A
Q4 19	$71M
Q1 20	$64M
Q4 20	$208M
Q2 24	$61M
Q1 25	$50M

Revenue Segments

Quarter	Leasing	Manufacturing
Q4 19	$313M	$538M
Q1 20	$236M	$379M
Q4 20	$189M	$226M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$143M	$0	$143M
Q2 22	$50M	$0	$50M
Q3 22	$239M	$0	$239M
Q4 22	$294M	$0	$294M
Q1 23	$82M	$0	$82M
Q2 23	$297M	$0	$297M
Q3 23	$267M	$0	$267M
Q4 23	$235M	$0	$235M
Q1 24	$235M	$0	$235M
Q2 24	$364M	$0	$364M
Q3 24	$332M	$0	$332M
Q4 24	$374M	$0	$374M
Q1 25	$95M	$0	$95M
Q2 25	$315M	$0	$315M
Q3 25	$239M	$0	$239M
Q4 25	$201M	$0	$201M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 19	122M	—	—
Q1 20	120M	-1.3%	—
Q4 20	112M	-6.4%	—
Q2 24	84M	-25.0%	—
Q1 25	84M	-0.4%	-31.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 19	$173.3K	5K
Q1 20	$125.3K	5K
Q4 20	$137.2K	3K
Q2 24	$317.5K	3K
Q1 25	$202.6K	3K

Revenue / Employee