A Business at a Glance
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TRINITY INDUSTRIES INC
TRN
$3.1B
Mkt Cap
$37.41
+1.74%
TRINITY INDUSTRIES INC (TRN) has a current P/E ratio of 12.3, compared to its historical median P/E of 14.6. The stock is currently considered Fair based on its historical valuation range.
TRINITY INDUSTRIES INC (TRN) has a 5-year average return on invested capital (ROIC) of 7.9%. This is below average and may indicate limited pricing power.
TRINITY INDUSTRIES INC (TRN) has a market capitalization of $3.1B. It is classified as a mid-cap stock.
Yes, TRINITY INDUSTRIES INC (TRN) pays a dividend with a trailing twelve-month yield of 3.23%. The company also returns capital through share buybacks, with a buyback yield of 2.29%.
Based on historical P/E analysis, TRINITY INDUSTRIES INC (TRN) appears fair. The current P/E of 12.3 is 16% below its historical median of 14.6. The estimated fair value CAGR (P/E method) is 11.7%.
TRINITY INDUSTRIES INC (TRN) operates in the Railroad Equipment industry, within the Industrials sector.
TRINITY INDUSTRIES INC (TRN) reported annual revenue of $2.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Trinity Industries, Inc. and its consolidated subsidiaries (“Trinity,” “Company,” “we,” “our,” or “us”) own businesses that are leading providers of railcar products and services in North America. We market our railcar products and services under the trade name TrinityRail®. Our platform also includes the brands of RSI Logistics, a provider of software and logistics solutions, and Holden America, a supplier of railcar parts and components. Our platform provides railcar leasing and management services; railcar manufacturing; railcar maintenance and modifications; and other railcar logistics products and services. Trinity was incorporated in 1933 and became a Delaware corporation in 1987. We are headquartered in Dallas, Texas, and our principal executive offices are located at 14221 N. Dallas Parkway, Suite 1100, Dallas, TX 75254-2957. Our telephone number is 214-631-4420, and our Internet website address is www.trin.net.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.1B | 2.2B | 3.1B | 3.0B | 2.0B | 1.5B |
| Net Income | 255M | 253M | 138M | 106M | 60M | 182M |
| EPS | $3.08 | $3.05 | $1.64 | $1.27 | $0.71 | $1.75 |
| Free Cash Flow | 338M | -435M | -22M | -415M | -980M | 41M |
| ROIC | 47.4% | 7.7% | 5.9% | 9.5% | 11.0% | 5.4% |
| Gross Margin | - | 26.6% | 21.7% | 17.7% | 18.6% | 23.4% |
| Debt/Equity | 0.06 | 5.05 | 5.28 | 5.34 | 0.85 | 2.03 |
| Dividends/Share | $1.21 | $1.21 | $1.14 | $1.06 | $0.95 | $0.86 |
| Operating Income | 651M | 649M | 492M | 417M | 334M | 257M |
| Operating Margin | 31.5% | 30.1% | 16.0% | 14.0% | 16.9% | 16.9% |
| ROE | 23.7% | 23.7% | 13.2% | 10.3% | 5.9% | 13.1% |
| Shares Outstanding | 82M | 83M | 84M | 83M | 85M | 104M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 6.2B | 6.4B | 4.6B | 3.7B | 2.5B | 2.8B | 1.7B | 1.5B | 2.0B | 3.0B | 3.1B | 2.2B | 2.1B |
| Gross Margin | 25.1% | 27.2% | 49.6% | 51.5% | 22.7% | 20.9% | 24.1% | 23.4% | 18.6% | 17.7% | 21.7% | 26.6% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 404M | 476M | 314M | 339M | 297M | 217M | 190M | 180M | 185M | 202M | 236M | 214M | 215M |
| EBIT | 1.3B | 1.4B | 479M | 368M | 315M | 397M | -155M | 257M | 334M | 417M | 492M | 649M | 651M |
| Op. Margin | 20.3% | 22.5% | 10.4% | 10.1% | 12.6% | 14.4% | -8.8% | 16.9% | 16.9% | 14.0% | 16.0% | 30.1% | 31.5% |
| Net Income | 656M | 772M | 176M | 687M | 157M | 136M | -147M | 182M | 60M | 106M | 138M | 253M | 255M |
| Net Margin | 10.6% | 12.1% | 3.8% | 18.8% | 6.2% | 4.9% | -8.4% | 12.0% | 3.0% | 3.6% | 4.5% | 11.7% | 12.4% |
| Non-Recurring | 0 | 8.3M | 0 | 0 | 41M | 69M | 14M | 7.7M | 154M | 92M | 68M | 291M | 291M |
| Returns on Capital | |||||||||||||
| ROIC | 22.0% | 27.2% | 7.1% | 7.5% | 4.6% | 5.7% | -3.3% | 5.4% | 11.0% | 9.5% | 5.9% | 7.7% | 47.4% |
| ROE | 24.3% | 23.2% | 4.7% | 16.3% | 4.7% | 6.4% | -7.8% | 13.1% | 5.9% | 10.3% | 13.2% | 23.7% | 23.7% |
| ROA | 8.2% | 8.8% | 2.0% | 7.4% | 1.8% | 1.6% | -1.7% | 2.1% | 0.7% | 1.2% | 1.6% | 2.9% | 3.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 819M | 940M | 1.1B | 762M | 379M | 394M | 652M | 612M | -13M | 296M | 574M | 360M | 381M |
| Free Cash Flow | 600M | 744M | 1.0B | 740M | -607M | -817M | -46M | 41M | -980M | -415M | -22M | -435M | 338M |
| Owner Earnings | 521M | 612M | 842M | 510M | 98M | 89M | 368M | 325M | -312M | -20M | 256M | 32M | 55M |
| CapEx | 219M | 196M | 50M | 22M | 986M | 1.2B | 698M | 571M | 967M | 710M | 596M | 795M | 43M |
| Maint. CapEx | 245M | 266M | 217M | 230M | 252M | 277M | 259M | 266M | 276M | 293M | 294M | 305M | 303M |
| Growth CapEx | 0 | 0 | 0 | 0 | 734M | 934M | 440M | 305M | 690M | 417M | 302M | 490M | 0 |
| D&A | 245M | 266M | 217M | 230M | 252M | 277M | 259M | 266M | 276M | 293M | 294M | 305M | 303M |
| CapEx/OCF | 26.8% | 20.9% | 12.3% | 2.9% | 9.8% | 309.8% | 107.1% | 93.3% | N/A | 240.2% | 103.8% | 221.0% | 11.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 54M | 65M | 67M | 73M | 77M | 82M | 92M | 89M | 77M | 86M | 93M | 99M | 99M |
| Dividend Yield | 1.8% | 2.9% | 7.5% | 3.0% | 2.8% | 4.0% | 4.8% | 3.6% | 3.8% | 4.6% | 3.8% | 4.3% | 3.2% |
| Share Buybacks | 37M | 115M | 35M | 79M | 506M | 225M | 191M | 833M | 52M | 0 | 21M | 71M | 70M |
| Buyback Yield | 1.1% | 4.1% | 1.1% | 2.5% | 21.8% | 9.8% | 7.6% | 32.2% | 2.4% | N/A | 0.7% | 3.2% | 2.3% |
| Stock-Based Comp | 53M | 61M | 31M | 22M | 29M | 28M | 25M | 21M | 23M | 23M | 24M | 23M | 23M |
| Debt Repayment | 187M | 587M | 162M | 375M | 888M | 1.7B | 1.4B | 2.3B | 1.6B | 1.5B | 2.1B | 1.8B | 1.8B |
| Balance Sheet | |||||||||||||
| Net Debt | -236M | 576M | 755M | 619M | 2.5B | 2.7B | 2.1B | 1.9B | 783M | 5.4B | 5.4B | 5.2B | -70M |
| Cash & Equiv. | 888M | 982M | 742M | 779M | 179M | 166M | 132M | 167M | 80M | 106M | 228M | 201M | 133M |
| Long-Term Debt | 727M | 2.4B | 2.3B | 2.5B | 2.8B | 2.8B | 2.2B | 2.1B | 862M | 5.5B | 5.6B | 5.4B | 62M |
| Debt/Equity | 0.24 | 0.66 | 0.59 | 0.55 | 1.27 | 1.41 | 1.29 | 2.03 | 0.85 | 5.34 | 5.28 | 5.05 | 0.06 |
| Interest Coverage | 6.5 | 7.4 | 2.6 | 2.0 | 1.8 | 1.8 | -0.7 | 1.3 | 1.6 | 1.6 | 1.8 | 2.4 | 2.4 |
| Equity | 3.0B | 3.7B | 3.9B | 4.5B | 2.2B | 2.0B | 1.7B | 1.0B | 1.0B | 1.0B | 1.1B | 1.1B | 1.1B |
| Total Assets | 8.7B | 8.9B | 9.1B | 9.5B | 8.0B | 8.7B | 8.7B | 8.2B | 8.7B | 8.9B | 8.8B | 8.4B | 8.3B |
| Total Liabilities | 5.3B | 4.8B | 4.8B | 4.7B | 5.4B | 6.3B | 6.7B | 6.9B | 7.5B | 7.6B | 7.5B | 7.3B | 7.2B |
| Intangibles | 59M | 87M | 80M | 10M | 22M | 19M | 8.9M | 28M | 79M | 107M | 99M | 110M | 110M |
| Retained Earnings | 2.5B | 3.2B | 3.5B | 4.1B | 2.3B | 2.2B | 1.8B | 1.0B | 993M | 1.0B | 1.1B | 1.1B | 1.1B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | 710M | 530M | 426M | 322M | 368M | 342M | N/A | N/A | N/A | N/A | N/A | N/A | 247M |
| Per Share Data | |||||||||||||
| EPS | 4.19 | 5.08 | 2.25 | 4.52 | 1.07 | 1.07 | -1.27 | 1.75 | 0.71 | 1.27 | 1.64 | 3.05 | 3.08 |
| Owner EPS | 3.33 | 4.03 | 10.75 | 3.35 | 0.67 | 0.70 | 3.17 | 3.13 | -3.68 | -0.24 | 3.04 | 0.38 | 0.67 |
| Book Value | 19.13 | 24.03 | 50.01 | 29.60 | 15.12 | 16.00 | 14.99 | 9.90 | 11.96 | 12.43 | 12.55 | 12.98 | 13.17 |
| Cash Flow/Share | 5.23 | 6.18 | 13.91 | 5.01 | 2.59 | 3.10 | 5.62 | 5.88 | -0.15 | 3.54 | 6.80 | 4.33 | 6.82 |
| Dividends/Share | 0.38 | 0.43 | 0.85 | 0.50 | 0.52 | 0.70 | 0.78 | 0.86 | 0.95 | 1.06 | 1.14 | 1.21 | 1.21 |
| Shares Out. | 156.6M | 152.0M | 78.4M | 152.1M | 146.3M | 126.9M | 116.0M | 104.0M | 84.6M | 83.5M | 84.4M | 83.0M | 81.9M |
| Valuation | |||||||||||||
| P/E Ratio | 4.9 | 3.5 | 9.2 | 4.5 | 14.6 | 16.7 | N/A | 14.2 | 35.9 | 19.2 | 20.5 | 8.9 | 12.1 |
| P/FCF | 3.9 | 2.6 | 1.1 | 4.2 | N/A | N/A | N/A | 63.1 | N/A | N/A | N/A | N/A | 9.1 |
| EV/EBIT | 2.6 | 1.9 | 4.3 | 8.0 | 19.0 | 16.5 | N/A | 28.9 | 22.8 | 18.2 | 16.4 | 11.2 | 4.6 |
| Price/Book | 1.1 | 0.8 | 0.8 | 0.7 | 0.9 | 1.1 | 1.5 | 2.5 | 2.1 | 2.0 | 2.7 | 2.1 | 2.8 |
| Price/Sales | 0.7 | 0.5 | 0.5 | 1.0 | 1.1 | 0.7 | 1.1 | 1.6 | 1.0 | 0.6 | 0.8 | 1.1 | 1.5 |
| FCF Yield | 17.9% | 26.8% | 32.8% | 23.2% | -26.1% | -35.5% | -1.8% | 1.6% | -45.4% | -20.3% | -0.8% | -19.3% | 11.0% |
| Market Cap | 3.3B | 2.8B | 3.2B | 3.2B | 2.3B | 2.3B | 2.5B | 2.6B | 2.2B | 2.0B | 2.8B | 2.3B | 3.1B |
| Avg. Price | 19.36 | 14.73 | 11.41 | 15.77 | 18.62 | 16.17 | 16.54 | 23.68 | 23.70 | 22.17 | 28.84 | 27.70 | 37.41 |
| Year-End Price | 14.87 | 12.75 | 14.96 | 20.52 | 15.60 | 17.90 | 21.82 | 24.86 | 25.47 | 24.44 | 33.66 | 27.19 | 37.41 |
TRINITY INDUSTRIES INC passes 3 of 9 quality checks, indicating weak fundamentals.
TRINITY INDUSTRIES INC trades at 12.3x trailing earnings, compared to its 15-year median P/E of 14.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 9.5x vs a median of 4.2x. The company's 5-year average ROIC is 7.9% with a gross margin of 21.6%. Total shareholder yield (dividends + buybacks) is 5.5%. At current prices, the estimated annualized return to fair value is +17.0%.
TRINITY INDUSTRIES INC (TRN) has a net profit margin of 11.7%. This is a healthy margin.
TRINITY INDUSTRIES INC (TRN) generated $-435 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
TRINITY INDUSTRIES INC (TRN) has a debt-to-equity ratio of 5.05. This indicates higher leverage, which may increase financial risk.
TRINITY INDUSTRIES INC (TRN) reported earnings per share (EPS) of $3.05 in its most recent fiscal year.
TRINITY INDUSTRIES INC (TRN) has a return on equity (ROE) of 23.7%. This indicates the company generates strong returns for shareholders.
TRINITY INDUSTRIES INC (TRN) has a 5-year average gross margin of 21.6%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for TRINITY INDUSTRIES INC (TRN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TRINITY INDUSTRIES INC (TRN) has a book value per share of $12.98, based on its most recent annual SEC filing.