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TRN Financials Trinity Industries Inc

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 4.3% per year over the past 5 years.
  • Operating margin has expanded, at 30.1% in the latest year.
  • Free cash flow has declined 10.8% per year over the past 5 years.

Financial health

  • Total debt ($5.4B) exceeds cash ($201M); net debt is $5.2B.
  • Total debt has grown slower than revenue (-1.0% vs 4.3% per year).
  • Total debt is 5.7× EBITDA.

Shareholder returns

  • Dividends have been paid for 15 consecutive years, consuming 35.6% of earnings and 31.4% of free cash flow.
  • The dividend has grown 1.5% per year over the past 5 years.
Revenue & net income
-$147M $1B $3B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-9% 11% 30% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$51M $495M $1B $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $3B $6B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$1B $34M $1B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $2.2B $277M 26.6% 30.1% $314M $5.4B $201M
2024 $3.1B $157M 21.7% 16.0% $520M $5.7B $228M
2023 $3.0B $127M 17.7% 14.0% $254M $5.8B $106M
2022 $2.0B $73M 18.6% 16.9% -$51M $5.6B $80M
2021 $1.5B $182M 23.4% 16.9% $588M — $167M
2020 $1.7B -$147M 24.1% -8.8% $556M — $132M
2019 $2.8B $138M 20.9% 14.4% $306M — $166M
2018 $2.5B $159M 22.7% 12.6% $342M — $179M
2017 $2.4B $703M 26.0% 15.4% $740M — $779M
2016 $3.1B $344M 25.2% 15.5% $1.0B — $742M
2015 — $797M — — $744M — $982M
2014 — $678M — — $600M — $888M
2013 — $376M — — $512M — $429M
2012 — $255M — — $411M — $573M
2011 — $142M — — $63M — $351M

Valuation over time

How the market has priced TRN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 14.5 29.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 0.7 1.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 2.5 5.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is TRN growing its revenue and profit?

Over the past 5 years, Trinity Industries Inc's revenue has grown 4.3% per year. These are computed facts, not advice.

How much debt does TRN have?

As of FY2025, Trinity Industries Inc reported $5.4B of total debt against $201M of cash.

What is TRN's profit margin?

In FY2025, gross margin was 26.6%, operating margin 30.1%, and net margin 12.9%.

What is TRN's P/E ratio?

As of Jun '26, Trinity Industries Inc traded at a price-to-earnings ratio of about 10.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.