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Stocks · Industrials · Railroad Equipment

TRINITY INDUSTRIES INC

TRN Clue Score58
United States Fiscal year ends December CIK 0000099780
$25.52 +0.47% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $25.52 −11.08% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue3,089.8Operating income478.9Net income343.6EPS, diluted2.25Fiscal year 2017Revenue2,397.4 −22.4%Operating income368.3Net income702.5 +104.5%EPS, diluted4.52 +100.9%Fiscal year 2018Revenue2,509.1 +4.7%Operating income315.1Net income159.3 −77.3%EPS, diluted1.07 −76.3%Fiscal year 2019Revenue2,752.4 +9.7%Operating income396.8Net income137.6 −13.6%EPS, diluted1.07 +0.0%Fiscal year 2020Revenue1,749.7 −36.4%Operating income−154.6Net income−147.3 −207.0%EPS, diluted−1.27 −218.7%Fiscal year 2021Revenue1,516.0 −13.4%Operating income256.8Net income182.0EPS, diluted1.75Fiscal year 2022Revenue1,977.3 +30.4%Operating income334.0Net income60.1 −67.0%EPS, diluted0.71 −59.4%Fiscal year 2023Revenue2,983.3 +50.9%Operating income417.0Net income106.0 +76.4%EPS, diluted1.27 +78.9%Fiscal year 2024Revenue3,079.2 +3.2%Operating income491.5Net income138.4 +30.6%EPS, diluted1.64 +29.1%Fiscal year 2025Revenue2,156.9 −30.0%Operating income649.2Net income253.1 +82.9%EPS, diluted3.05 +86.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 3,089.8 2,397.4 2,509.1 2,752.4 1,749.7 1,516.0 1,977.3 2,983.3 3,079.2 2,156.9
Growth −22.4% +4.7% +9.7% −36.4% −13.4% +30.4% +50.9% +3.2% −30.0%
Operating income 478.9 368.3 315.1 396.8 −154.6 256.8 334.0 417.0 491.5 649.2
Net income 343.6 702.5 159.3 137.6 −147.3 182.0 60.1 106.0 138.4 253.1
Growth +104.5% −77.3% −13.6% −207.0% −67.0% +76.4% +30.6% +82.9%
EPS, diluted 2.25 4.52 1.07 1.07 −1.27 1.75 0.71 1.27 1.64 3.05
Growth +100.9% −76.3% +0.0% −218.7% −59.4% +78.9% +29.1% +86.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin15.5%Net margin11.1%Free cash flow margin33.7%Fiscal year 2017Operating margin15.4%Net margin29.3%Free cash flow margin30.9%Fiscal year 2018Operating margin12.6%Net margin6.3%Free cash flow margin13.6%Fiscal year 2019Operating margin14.4%Net margin5.0%Free cash flow margin11.1%Fiscal year 2020Operating margin−8.8%Net margin−8.4%Free cash flow margin31.8%Fiscal year 2021Operating margin16.9%Net margin12.0%Free cash flow margin38.8%Fiscal year 2022Operating margin16.9%Net margin3.0%Free cash flow margin−2.6%Fiscal year 2023Operating margin14.0%Net margin3.6%Free cash flow margin8.5%Fiscal year 2024Operating margin16.0%Net margin4.5%Free cash flow margin16.9%Fiscal year 2025Operating margin30.1%Net margin11.7%Free cash flow margin14.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 15.5% 15.4% 12.6% 14.4% −8.8% 16.9% 16.9% 14.0% 16.0% 30.1%
Net margin 11.1% 29.3% 6.3% 5.0% −8.4% 12.0% 3.0% 3.6% 4.5% 11.7%
Free cash flow margin 33.7% 30.9% 13.6% 11.1% 31.8% 38.8% −2.6% 8.5% 16.9% 14.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1,090.2Capital expenditure−49.5Free cash flow1,040.7Buybacks−34.7Dividends paid−66.7Fiscal year 2017Operating cash flow761.6Capital expenditure−22.0Free cash flow739.6 −28.9%Buybacks−79.4Dividends paid−72.6Fiscal year 2018Operating cash flow379.1Capital expenditure−37.3Free cash flow341.8 −53.8%Buybacks−506.1Dividends paid−77.4Fiscal year 2019Operating cash flow393.6Capital expenditure−88.0Free cash flow305.6 −10.6%Buybacks−224.7Dividends paid−82.1Fiscal year 2020Operating cash flow651.7Capital expenditure−95.9Free cash flow555.8 +81.9%Buybacks−191.3Dividends paid−91.7Fiscal year 2021Operating cash flow611.8Capital expenditure−23.6Free cash flow588.2 +5.8%Buybacks−833.4Dividends paid−88.5Fiscal year 2022Operating cash flow−12.8Capital expenditure−38.0Free cash flow−50.8 −108.6%Buybacks−51.8Dividends paid−76.9Fiscal year 2023Operating cash flow295.6Capital expenditure−41.3Free cash flow254.3Buybacks0.0Dividends paid−86.0Fiscal year 2024Operating cash flow573.8Capital expenditure−53.8Free cash flow520.0 +104.5%Buybacks−20.7Dividends paid−93.2Fiscal year 2025Operating cash flow359.7Capital expenditure−45.6Free cash flow314.1 −39.6%Buybacks−71.3Dividends paid−98.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1,090.2 761.6 379.1 393.6 651.7 611.8 −12.8 295.6 573.8 359.7
Capital expenditure −49.5 −22.0 −37.3 −88.0 −95.9 −23.6 −38.0 −41.3 −53.8 −45.6
Free cash flow 1,040.7 739.6 341.8 305.6 555.8 588.2 −50.8 254.3 520.0 314.1
Growth −28.9% −53.8% −10.6% +81.9% +5.8% −108.6% +104.5% −39.6%
Buybacks −34.7 −79.4 −506.1 −224.7 −191.3 −833.4 −51.8 0.0 −20.7 −71.3
Dividends paid −66.7 −72.6 −77.4 −82.1 −91.7 −88.5 −76.9 −86.0 −93.2 −98.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash741.6Shareholders’ equity3,918.5Fiscal year 2017Cash778.6Shareholders’ equity4,501.1Fiscal year 2018Cash179.2Shareholders’ equity2,210.8Fiscal year 2019Cash166.2Shareholders’ equity2,030.1Fiscal year 2020Cash132.0Shareholders’ equity1,738.8Fiscal year 2021Cash167.3Shareholders’ equity1,029.8Fiscal year 2022Cash79.6Shareholders’ equity1,012.4Fiscal year 2023Cash105.7Shareholders’ equity1,037.1Fiscal year 2024Cash228.2Shareholders’ equity1,058.9Fiscal year 2025Cash201.3Shareholders’ equity1,077.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 741.6 778.6 179.2 166.2 132.0 167.3 79.6 105.7 228.2 201.3
Shareholders’ equity 3,918.5 4,501.1 2,210.8 2,030.1 1,738.8 1,029.8 1,012.4 1,037.1 1,058.9 1,077.2

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
3,089.8 2,397.4 2,509.1 2,752.4 1,749.7 1,516.0 1,977.3 2,983.3 3,079.2 2,156.9
Growth −22.4% +4.7% +9.7% −36.4% −13.4% +30.4% +50.9% +3.2% −30.0%
2,312.0 1,775.2 1,938.8 2,178.4 1,327.4 1,161.5 1,609.6 2,456.2 2,411.0 1,584.2
313.9 339.3 296.6 217.0 189.6 179.6 185.4 201.9 235.7 214.3
478.9 368.3 315.1 396.8 −154.6 256.8 334.0 417.0 491.5 649.2
Growth −23.1% −14.4% +25.9% −139.0% +30.1% +24.9% +17.9% +32.1%
310.0 195.4 151.6 181.2 −524.6 55.2 126.5 149.0 221.8 375.4
106.8 −414.8 42.6 58.8 −274.1 15.9 27.6 9.0 50.4 90.9
343.6 702.5 159.3 137.6 −147.3 182.0 60.1 106.0 138.4 253.1
Growth +104.5% −77.3% −13.6% −207.0% −67.0% +76.4% +30.6% +82.9%
Per share
2.25 4.62 1.09 1.09 −1.27 1.79 0.73 1.31 1.69 3.13
2.25 4.52 1.07 1.07 −1.27 1.75 0.71 1.27 1.64 3.05
Growth +100.9% −76.3% +0.0% −218.7% −59.4% +78.9% +29.1% +86.0%
148.4 148.6 144.0 125.6 115.9 101.5 81.9 81.2 81.9 80.8
148.6 152.0 146.4 127.3 115.9 103.8 84.2 83.4 84.2 82.9
Growth +2.3% −3.7% −13.0% −9.0% −10.4% −18.9% −1.0% +1.0% −1.5%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 4.3% a year over five years.
  • The diluted share count fell 28.5% in five years, so buybacks did some of the work per share.
  • Operating margin is up 38.9 points on five years ago, at 30.1%.
  • A net loss in 1 of 10 years on file.