Trinity Industries Inc
NYSE: TRN · INDUSTRIALS · RAILROADS
Updated 2026-06-05
Trinity Industries Inc (TRN) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $3.22B | $230.10M | 18.35% | 11.89% | 7.15% |
| 2007 | $3.83B | $293.10M | 19.35% | 13.38% | 7.65% |
| 2008 | $3.88B | $285.80M | 20.40% | 14.14% | 7.36% |
| 2009 | $2.58B | $-137.70M | 18.65% | -1.19% | -5.35% |
| 2010 | $2.19B | $67.40M | 21.95% | 13.89% | 3.08% |
| 2011 | $3.08B | $142.20M | 19.26% | 13.83% | 4.62% |
| 2012 | $3.81B | $255.20M | 19.95% | 15.08% | 6.69% |
| 2013 | $4.37B | $375.50M | 23.89% | 17.71% | 8.60% |
| 2014 | $6.17B | $678.20M | 25.12% | 20.28% | 10.99% |
| 2015 | $6.39B | $796.50M | 27.16% | 22.51% | 12.46% |
| 2016 | $4.59B | $343.60M | 24.68% | 16.18% | 7.49% |
| 2017 | $3.66B | $702.50M | 25.04% | 14.99% | 19.18% |
| 2018 | $2.51B | $159.30M | 22.73% | 12.56% | 6.35% |
| 2019 | $2.75B | $137.60M | 20.85% | 14.42% | 5.00% |
| 2020 | $1.75B | $-147.30M | 24.14% | -8.84% | -8.42% |
| 2021 | $1.52B | $182.00M | 23.38% | 16.94% | 12.01% |
| 2022 | $1.98B | $60.10M | 18.60% | 16.89% | 3.04% |
| 2023 | $2.98B | $106.00M | 17.67% | 13.98% | 3.55% |
| 2024 | $3.08B | $138.40M | 21.70% | 15.96% | 4.49% |
| 2025 | $2.16B | $253.10M | 26.55% | 16.62% | 11.73% |
Frequently asked questions
What is Trinity Industries Inc's revenue?
Trinity Industries Inc's trailing twelve-month revenue is $2.06B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is TRN?
In its most recent fiscal year, TRN ran a gross margin of 26.55%, an operating margin of 16.62%, and a net margin of 11.73%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does TRN generate?
TRN produced $-435.20M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is TRN's balance sheet healthy?
TRN holds $201.30M in cash and equivalents against $5.44B in long-term debt, on $1.08B of shareholder equity. That debt is best read against the cash flow the business throws off each year.