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Companies / Industrials / Trinity Industries, Inc.
TRN

Trinity Industries, Inc.

IndustrialsTransportation Equipment
Ticker TRNDALLAS, TXFiscal year ends DecemberBook value per share $13.84Diluted shares 81.5M

Trinity Industries, Inc. (NYSE: TRN) provides railcar leasing, manufacturing, maintenance, modification, and logistics services in North America through its TrinityRail platform. Its customers include railroads, industrial shippers, leasing companies, and third-party railcar investors. The Railcar Leasing and Services… From the company’s description.

Over the twelve months to Sep 30, 2026, Trinity Industries, Inc. reported revenue of $2.12B, down 2.4% from a year earlier, and net income of $334.80M. Its operating margin was 34.5%, and operations generated $410.40M in cash. In fiscal 2025, it reported revenue of $2.16B, down 30.0% from fiscal 2024, and net income of $277.30M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$2.16BFY2025
−30.0% year over year
Last 12 mo $2.12B
30.10%FY2025
+14.1 percentage points
Last 12 mo 34.47%
$277.30MFY2025
+76.5% year over year
Last 12 mo $334.80M
23.50%FY2025
+10.1 percentage points
Last 12 mo 28.96%
Cash & financing
$359.70MFY2025
−37.3% year over year
Last 12 mo $410.40M
$-435.20MFY2025
−1887.2% year over year
Last 12 mo $-271.60M
5.05FY2025
Was 5.37× a year earlier
Last 12 mo 4.72
82.9MFY2025
−1.5% year over year
Last 12 mo 81.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Trinity Industries, Inc. does

In the company’s own words

Trinity Industries, Inc. (NYSE: TRN) provides railcar leasing, manufacturing, maintenance, modification, and logistics services in North America through its TrinityRail platform. Its customers include railroads, industrial shippers, leasing companies, and third-party railcar investors. The Railcar Leasing and Services Group offers full-service operating leases, lease origination and management, fleet maintenance, railcar repair and modification, and digital and terminal management solutions. The Rail Products Group manufactures freight and tank railcars, converts and upgrades railcars, and makes and distributes new, refurbished, and replacement parts. Its platform also includes RSI Logistics, which provides software and logistics solutions, and Holden America, a railcar parts and components supplier. At December 31, 2025, the company’s lease fleet comprised 101,485 railcars, and it managed 146,270 railcars, including those owned by third parties. Trinity was incorporated in 1933 and became a Delaware corporation in 1987. Its website is www.trin.net.

Company details
Sector
Industrials
Industry (SIC)
Transportation Equipment
Headquarters
DALLAS, TX
Fiscal year end
December
CIK
99780
SIC
3743

Financial performance, year by year

Fiscal 2011–2025 · USD
$-888.09M$1.10B$3.08B$5.07B$7.05B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Trinity Industries, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

287
funds hold it
0 of 35
superinvestors hold it
$1.51B
held by funds, at market
57.3%
of shares held by funds

Largest fund holders · Trinity Industries, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.15%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
0.09%of fund net assets
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Trinity Industries, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Trinity Industries, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Trinity Industries, Inc.'s last four quarterly filings that the numbers alone won't show?”
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