TRN
$24.82-0.20%
Trinity Industries Inc.Stock · IndustrialsRussell 2000 · 0.09% of IWMUS Stock Market · 0.004% of VTIRussell 3000 · 0.004% of IWV
TRN financial statements
The full income statement, balance sheet, and cash-flow statement for Trinity Industries Inc. (TRN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 82.4M2024-09 82.2M2024-12 81.8M2025-03 81.6M2025-06 80.8M2025-09 80.2M2025-12 79.8M2026-03 79.5M2026-06 79.7M-3.4% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 2.16B-30.0% | 3.08B+3.2% | 2.98B+50.9% | 1.98B+30.4% | 1.52B-13.4% | |
| Cost of revenue | 1.58B-34.3% | 2.41B-1.8% | 2.46B+52.6% | 1.61B+38.6% | 1.16B-12.5% | |
| Selling, general & administrative | 214M-9.1% | 236M+16.7% | 202M+8.9% | 185M+3.2% | 180M-5.3% | |
| Restructuring | 0.00-100.0% | 4.30M+295.5% | -2.20M-320.0% | 1.00M+127.0% | -3.70M-133.9% | |
| Amortization of intangibles | 9.30M-7.9% | 10.1M-22.3% | 13.0M+136.4% | 5.50M+19.6% | 4.60M | |
| Provision for credit losses | 10.6M+146.5% | 4.30M+38.7% | 3.10M+55.0% | 2.00M | — | |
| Operating income | 649M+32.1% | 492M+17.9% | 417M+24.9% | 334M+30.1% | 257M+266.1% | |
| Net interest income | — | -274M-3.0% | -266M-27.0% | -209M-9.2% | -191M+9.3% | |
| Other non-operating income | -274M-1.5% | -270M-0.6% | -268M-29.2% | -208M-2.9% | -202M+45.5% | |
| Pre-tax income | 375M+69.3% | 222M+48.9% | 149M+17.8% | 127M+129.2% | 55.2M+110.5% | |
| Income tax | 90.9M+80.4% | 50.4M+460.0% | 9.00M-67.4% | 27.6M+73.6% | 15.9M+105.8% | |
| 253M+82.9% | 138M+30.6% | 106M+76.4% | 60.1M-67.0% | 182M+223.6% | ||
| Discontinued operations | — | — | — | -20.3M-282.9% | 11.1M-54.3% | |
| Net income to non-controlling interest | 24.2M+29.4% | 18.7M-9.2% | 20.6M+60.9% | 12.8M+6500.0% | -200K+99.7% | |
| Net income to common | 253M+82.9% | 138M+30.6% | 106M+76.4% | 60.1M-67.0% | 182M+223.6% | |
| $3.05+86.0% | $1.64+29.1% | $1.27+78.9% | $0.71-59.4% | $1.75+237.8% | ||
| EPS (basic) | $3.13+85.2% | $1.69+29.0% | $1.31+79.5% | $0.73-59.2% | $1.79+240.9% | |
| Weighted-avg shares (basic) | 80.8M-1.3% | 81.9M+0.9% | 81.2M-0.9% | 81.9M-19.3% | 102M-12.4% | |
| Weighted-avg shares (diluted) | 82.9M-1.5% | 84.2M+1.0% | 83.4M-1.0% | 84.2M-18.9% | 104M-10.4% | |
| Dividends per share | $1.21+6.1% | $1.14+7.5% | $1.06+11.6% | $0.95+10.5% | $0.86+10.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 201M-11.8% | 228M+115.9% | 106M+32.8% | 79.6M-52.4% | 167M+26.7% | |
| Inventory | 469M-1.5% | 476M-30.4% | 684M+8.7% | 629M+45.4% | 433M+51.8% | |
| 8.42B-4.6% | 8.83B-0.8% | 8.91B+2.1% | 8.72B+5.9% | 8.24B-5.4% | ||
| Property, plant & equipment | 6.62B-5.2% | 6.99B-0.2% | 7.00B+1.7% | 6.89B+0.6% | 6.85B-1.7% | |
| Operating lease right-of-use | 91.2M-6.0% | 97.0M-3.6% | 101M+8.1% | 93.1M+12.4% | 82.8M+7.4% | |
| Goodwill | 222M+0.0% | 222M+0.0% | 222M+13.1% | 196M+27.0% | 154M+4.8% | |
| Intangible assets | 110M+11.5% | 99.0M-7.2% | 107M+35.1% | 79.0M+181.1% | 28.1M+215.7% | |
| 7.28B-3.3% | 7.53B-1.4% | 7.63B+2.4% | 7.45B+7.4% | 6.94B+3.8% | ||
| Non-current lease liability | — | — | 118M+3.0% | 115M+8.0% | 106M+9.7% | |
| Operating lease liability (total) | 107M-5.9% | 113M | — | — | — | |
| Deferred tax liabilities | — | — | — | — | 1.11B+5.7% | |
| 1.08B+1.7% | 1.06B+2.1% | 1.04B+2.4% | 1.01B-1.7% | 1.03B-40.8% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 800K+0.0% | 800K+0.0% | 800K+0.0% | 800K+0.0% | 800K-27.3% | |
| Additional paid-in capital | 0.00-100.0% | 8.80M-42.9% | 15.4M | 0.00 | 0.00 | |
| Retained earnings | 1.08B+2.6% | 1.05B+4.3% | 1.01B+1.8% | 993M-5.2% | 1.05B-40.9% | |
| Treasury stock | 900K+50.0% | 600K+0.0% | 600K-14.3% | 700K+16.7% | 600K-25.0% | |
| Accumulated other comprehensive income | -4.20M+0.0% | -4.20M-138.2% | 11.0M-44.2% | 19.7M+215.9% | -17.0M+45.0% | |
| Non-controlling interest | 68.1M-72.6% | 248M+4.2% | 238M-7.3% | 257M-3.7% | 267M-3.7% | |
| Total equity incl. non-controlling | 1.15B-12.4% | 1.31B+2.5% | 1.28B+0.5% | 1.27B-2.1% | 1.30B-35.7% | |
| Total liabilities & equity | 8.42B-4.6% | 8.83B-0.8% | 8.91B+2.1% | 8.72B+5.9% | 8.24B-5.4% | |
| Shares outstanding (cover) | 79.8M-2.4% | 81.8M-0.1% | 81.9M+0.9% | 81.1M-2.7% | 83.3M-24.9% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 360M-37.3% | 574M+94.1% | 296M+2409.4% | -12.8M-102.1% | 612M-6.1% | ||
| Depreciation & amortization | 305M+3.8% | 294M+0.2% | 293M+6.1% | 276M+4.0% | 266M+2.8% | |
| Intangible amortization | 9.30M-7.9% | 10.1M-22.3% | 13.0M+136.4% | 5.50M+19.6% | 4.60M | |
| Share-based compensation | 22.9M-3.0% | 23.6M+4.0% | 22.7M+0.9% | 22.5M+8.7% | 20.7M-18.5% | |
| Deferred income taxes | 77.5M+450.7% | -22.1M+46.7% | -41.5M-382.3% | 14.7M+12.2% | 13.1M-94.5% | |
| Change in receivables | 15.5M-9.4% | 17.1M-30.5% | 24.6M-73.9% | 94.4M+46.8% | 64.3M+204.4% | |
| Change in inventory | -7.10M+96.6% | -208M-479.1% | 54.9M-71.6% | 193M+30.9% | 148M+238.8% | |
| Change in payables | 25.6M+147.8% | -53.6M-2536.4% | 2.20M-97.2% | 78.4M+32.4% | 59.2M+217.5% | |
| -386M-79.7% | -215M+40.9% | -363M-39.2% | -261M-194.4% | 276M+151.8% | ||
| Capital expenditure | 45.6M-15.2% | 53.8M+30.3% | 41.3M+8.7% | 38.0M+61.0% | 23.6M-75.4% | |
| Free cash flow | 314M-39.6% | 520M+104.5% | 254M+600.6% | -50.8M-108.6% | 588M+5.8% | |
| Acquisitions | 0.00 | 0.00-100.0% | 62.2M-22.6% | 80.4M+384.3% | 16.6M | |
| Other investing activities | -11.4M-392.3% | 3.90M+256.0% | -2.50M | 0.00 | 0.00 | |
| -24.9M+88.7% | -220M-2781.7% | 8.20M-96.9% | 265M+132.6% | -814M-384.6% | ||
| Long-term debt issued | 1.94B-1.4% | 1.97B+19.2% | 1.65B-17.4% | 2.00B-18.1% | 2.44B | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 71.3M+244.4% | 20.7M | 0.00-100.0% | 51.8M-93.8% | 833M+335.7% | |
| Dividends paid | 98.7M+5.9% | 93.2M+8.4% | 86.0M+11.8% | 76.9M-13.1% | 88.5M-3.5% | |
| Other financing activities | — | — | — | 0.00 | 0.00+100.0% | |
| Interest paid | 273M+0.5% | 271M+10.2% | 246M+29.2% | 191M+6.8% | 178M-13.2% | |
| Income taxes paid | 51.4M-5.9% | 54.6M+28.8% | 42.4M+119.7% | 19.3M+104.4% | -436M-597.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 2.11B-26.5% | 2.87B+31.9% | 2.18B-9.6% | 2.41B-4.4% | 2.52B-14.1% | |
| P/E | 8.3×-59.8% | 20.7×-29.0% | 29.2×+97.6% | 14.8×+6.9% | 13.8× | |
| P/S | 1.0×+5.0% | 0.9×+18.9% | 0.8×-39.5% | 1.3×-22.0% | 1.7×-0.8% | |
| P/B | 2.0×-27.7% | 2.7×+24.6% | 2.2×-9.1% | 2.4×-2.1% | 2.4×+45.1% | |
| P/FCF | 6.7×+21.7% | 5.5×-43.9% | 9.8×-65.6% | 28.6×+568.1% | 4.3×-18.8% | |
| Earnings yield | 12.0%+148.7% | 4.8%+40.9% | 3.4%-49.4% | 6.8%-6.5% | 7.2% | |
| FCF yield | 14.9%-17.9% | 18.1%+78.3% | 10.2%+190.5% | 3.5%-85.0% | 23.4%+23.1% | |
| Dividend yield | 4.6%+40.9% | 3.2%-18.5% | 4.0%+24.1% | 3.2%+12.8% | 2.8%-3.7% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: TRN’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TRN filings on SEC EDGAR → Not investment advice.