TRINITY INDUSTRIES INC TRN
Last close
28.32
2026-09-04
Market cap
$2.26B
2026-06-30 share count
52-week range
24.76 - 38.30
Valuation FY2025 figures against the last close
P/S1.0x
P/E9.3x
P/FCF7.2x
EV/EBITDA2.4x
Dividend yield4.4%
Diluted EPS3.05
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.16B | $3.08B | $2.98B | $1.98B | $1.52B | $1.75B | $2.75B | $2.51B | $2.40B | $3.09B |
| Cost of revenue | $1.58B | $2.41B | $2.46B | $1.61B | $1.16B | $1.33B | $2.18B | $1.94B | $1.78B | $2.31B |
| Gross profit | $572.7M | $668.2M | $527.1M | $367.7M | $354.5M | $422.3M | $574.0M | $570.3M | $622.2M | $777.8M |
| SG&A | $214.3M | $235.7M | $201.9M | $185.4M | $179.6M | $189.6M | $217.0M | $296.6M | $339.3M | $313.9M |
| Total operating expenses | — | — | — | — | — | — | $2.59B | $2.19B | $2.03B | $2.61B |
| Operating income | $649.2M | $491.5M | $417.0M | $334.0M | $256.8M | -$154.6M | $396.8M | $315.1M | $368.3M | $478.9M |
| Interest expense | — | $273.5M | $265.5M | $209.1M | $191.4M | $211.0M | $214.5M | $179.3M | $184.0M | $181.9M |
| Pre-tax income | $375.4M | $221.8M | $149.0M | $126.5M | $55.2M | -$524.6M | $181.2M | $151.6M | $195.4M | $310.0M |
| Income tax | $90.9M | $50.4M | $9.0M | $27.6M | $15.9M | $274.1M | $58.8M | $42.6M | $414.8M | $106.8M |
| Net income | $277.3M | $157.1M | $126.6M | $72.9M | $181.8M | -$147.3M | $137.6M | $159.3M | $702.5M | $343.6M |
| EPS, basic | 3.13 | 1.69 | 1.31 | 0.73 | 1.79 | -1.27 | 1.09 | 1.09 | 4.62 | 2.25 |
| EPS, diluted | 3.05 | 1.64 | 1.27 | 0.71 | 1.75 | -1.27 | 1.07 | 1.07 | 4.52 | 2.25 |
| Shares, diluted (wtd. avg.) | $82.9M | $84.2M | $83.4M | $84.2M | $103.8M | $115.9M | $127.3M | $146.4M | $152.0M | $148.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $201.3M | $228.2M | $105.7M | $294.3M | $302.4M | $228.4M | $277.6M | $350.8M | $973.8M | $741.6M |
| Inventory | $469.1M | $476.2M | $684.3M | $629.4M | $432.9M | $285.2M | $433.4M | $524.7M | $402.8M | $665.8M |
| Property, plant and equipment | $6.62B | $6.99B | $7.00B | $6.89B | $6.85B | $6.97B | $7.11B | $6.33B | $5.56B | $5.97B |
| Goodwill | $221.5M | $221.5M | $221.5M | $195.9M | $154.2M | $147.2M | $208.8M | $208.8M | $208.8M | $754.1M |
| Other intangibles | $110.4M | $99.0M | $106.7M | $79.0M | $28.1M | $8.9M | $18.7M | $22.4M | $10.4M | $79.7M |
| Total assets | $8.42B | $8.83B | $8.91B | $8.72B | $8.24B | $8.70B | $8.70B | $7.99B | $9.54B | $9.13B |
| Total liabilities | $7.28B | $7.53B | $7.63B | $7.45B | $6.94B | $6.69B | $6.32B | $5.43B | $4.69B | $4.81B |
| Retained earnings | $1.08B | $1.05B | $1.01B | $992.6M | $1.05B | $1.77B | $2.18B | $2.33B | $4.12B | $3.50B |
| Total equity | $1.08B | $1.06B | $1.28B | $1.27B | $1.30B | $2.02B | $2.38B | $2.56B | $4.86B | $4.31B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $359.7M | $573.8M | $295.6M | -$12.8M | $611.8M | $651.7M | $393.6M | $379.1M | $761.6M | $1.09B |
| Depreciation and amortisation | $305.1M | $293.8M | $293.2M | $276.4M | $265.7M | $258.5M | $276.5M | $251.9M | $229.7M | $217.3M |
| Stock-based compensation | $22.9M | $23.6M | $22.7M | $22.5M | $20.7M | $25.4M | $27.8M | $29.2M | $22.1M | $30.9M |
| Capital expenditure | $45.6M | $53.8M | $41.3M | $38.0M | $23.6M | $95.9M | $88.0M | $37.3M | $22.0M | $49.5M |
| Investing cash flow | -$385.6M | -$214.6M | -$363.0M | -$260.7M | $276.3M | -$532.9M | -$993.3M | -$490.5M | -$472.7M | -$1.02B |
| Financing cash flow | -$24.9M | -$219.9M | $8.2M | $265.4M | -$814.1M | -$168.0M | $526.5M | -$511.6M | -$56.7M | -$307.7M |
| Dividends paid | $98.7M | $93.2M | $86.0M | $76.9M | $88.5M | $91.7M | $82.1M | $77.4M | $72.6M | $66.7M |
| Buybacks | $71.3M | $20.7M | $0 | $51.8M | $833.4M | $191.3M | $224.7M | $506.1M | $79.4M | $34.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000099780-26-000024.
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