TRINITY INDUSTRIES INC

EDGAR

Annual consolidated revenue for 2025: about USD 2.157B, using the latest reported figures. The previous period, 2024, was about USD 3.079B.

Watchlist

Latest quarter

Revenue

535 million USD

2026 Q3 · USD

Exact inputs and evidence

Operating margin

17.87%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: 95600000 USD Source
  • Revenue: 535100000 USD Source

Operating cash flow

66.3 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 233000000 USD Source
  • Operating Cash Flow: 166700000 USD Source

Free cash flow

49.6 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 233000000 USD Source
  • Operating Cash Flow: 166700000 USD Source
  • Capital Expenditure: 34700000 USD Source
  • Capital Expenditure: 18000000 USD Source
Cash and cash equivalents
158 million USD Source
Exact value

158300000 USD

Long-term debt including current maturities
Not available
Shares outstanding
133 million shares Source
Exact value

133300000 shares

Reported share-count change

-11.66% · -17.6 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 150900000 shares · 2017-12-31· Source
  • 133300000 shares · 2018-12-31· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

2.12 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Revenue: 611200000 USD · 2025-10-01 – 2025-12-31 Source
  • Revenue: 492000000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 485100000 USD · 2026-04-01 – 2026-06-30 Source
  • Revenue: 535100000 USD · 2026-07-01 – 2026-09-30 Source

Net income

327 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Net income: 186600000 USD · 2025-10-01 – 2025-12-31 Source
  • Net income: 24200000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 98300000 USD · 2026-04-01 – 2026-06-30 Source
  • Net income: 17600000 USD · 2026-07-01 – 2026-09-30 Source

Operating cash flow

410 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 359700000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 182300000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 97800000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 166700000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 97800000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 233000000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 166700000 USD · 2026-01-01 – 2026-06-30 Source

Capital expenditure

53.5 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Capital expenditure: 45600000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 26800000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 6300000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 18000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 6300000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 34700000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 18000000 USD · 2026-01-01 – 2026-06-30 Source

Free cash flow

357 million USD

2025-10-01 – 2026-09-30

Exact inputs and evidence
  • Operating cash flow: 359700000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 182300000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 97800000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 166700000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: 97800000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 233000000 USD · 2026-01-01 – 2026-09-30 Source
  • Operating cash flow: 166700000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 45600000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 26800000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 6300000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 18000000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 6300000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 34700000 USD · 2026-01-01 – 2026-09-30 Source
  • Capital expenditure: 18000000 USD · 2026-01-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-29.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • current assets: No compatible figures in this window
  • current liabilities: No compatible figures in this window
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: 4 of 11 periods available· newest 2018-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -30%

    Prior period

    USD 3.08 billion

    –

    Current period

    USD 2.16 billion

    –

    Exact inputs and evidence

    2156900000 − 3079200000 = -922300000 USD

    3079200000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2156900000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +82.9%

    Prior period

    USD 138.4 million

    –

    Current period

    USD 253.1 million

    –

    Exact inputs and evidence

    253100000 − 138400000 = 114700000 USD

    138400000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    253100000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    -37.3%

    Prior period

    USD 573.8 million

    –

    Current period

    USD 359.7 million

    –

    Exact inputs and evidence

    359700000 − 573800000 = -214100000 USD

    573800000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    359700000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -15.2%

    Prior period

    USD 53.8 million

    –

    Current period

    USD 45.6 million

    –

    Exact inputs and evidence

    45600000 − 53800000 = -8200000 USD

    53800000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    45600000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 2.16 billion 100% of revenue
  • Operating costs Derived USD 1.51 billion 70% of revenue
  • Operating income USD 649.2 million 30% of revenue
  • Tax, interest and other Derived USD 396.1 million 18% of revenue
  • Net income USD 253.1 million 12% of revenue

Cash

  • Operating cash flow USD 359.7 million 17% of revenue
  • Capital expenditure USD 45.6 million 2.1% of revenue
  • Free cash flow Derived USD 314.1 million 15% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 11%85%
  • 2017 Net income was higher than operating income, so the split is not drawn.
  • 2018 87%
  • 2019 9.4%86%
  • 2020 Operating loss: operating costs were 109% of revenue.
  • 2021 12%83%
  • 2022 14%83%
  • 2023 10%86%
  • 2024 11%84%
  • 2025 12%18%70%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-313089800000 2610900000 Derived 478900000 135300000 Derived 343600000 1040700000 Derived
Source
2017 2017-01-01 – 2017-12-312397400000 2029100000 Derived 368300000 -334200000 Derived 702500000 739600000 Derived
Source
2018 2018-01-01 – 2018-12-312509100000 2194000000 Derived 315100000 155800000 Derived 159300000 341800000 Derived
Source
2019 2019-01-01 – 2019-12-312752400000 2355600000 Derived 396800000 259200000 Derived 137600000 305600000 Derived
Source
2020 2020-01-01 – 2020-12-311749700000 1904300000 Derived -154600000 -7300000 Derived -147300000 555800000 Derived
Source
2021 2021-01-01 – 2021-12-311516000000 1259200000 Derived 256800000 74800000 Derived 182000000 588200000 Derived
Source
2022 2022-01-01 – 2022-12-311977300000 1643300000 Derived 334000000 273900000 Derived 60100000 -50800000 Derived
Source
2023 2023-01-01 – 2023-12-312983300000 2566300000 Derived 417000000 311000000 Derived 106000000 254300000 Derived
Source
2024 2024-01-01 – 2024-12-313079200000 2587700000 Derived 491500000 353100000 Derived 138400000 520000000 Derived
Source
2025 2025-01-01 – 2025-12-312156900000 1507700000 Derived 649200000 396100000 Derived 253100000 314100000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 2.2B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.3B2.5B1.7B834.2M0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue3089800000
2017Revenue2397400000
2018Revenue2509100000
2019Revenue2752400000
2020Revenue1749700000
2021Revenue1516000000
2022Revenue1977300000
2023Revenue2983300000
2024Revenue3079200000
2025Revenue2156900000

Revenue growth

Change in revenue from the same financial period one year earlier.

-30% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.59%29%-0%-30%-60%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year-51.7%
2017Year over year-22.4%
2018Year over year4.7%
2019Year over year9.7%
2020Year over year-36.4%
2021Year over year-13.4%
2022Year over year30.4%
2023Year over year50.9%
2024Year over year3.2%
2025Year over year-30%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 30.1% 2025
Net margin 11.7% 2025
Free cash flow margin 14.6% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.43%29%15%1%-13%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin15.5%
2017Operating margin15.4%
2018Operating margin12.6%
2019Operating margin14.4%
2020Operating margin-8.8%
2021Operating margin16.9%
2022Operating margin16.9%
2023Operating margin14%
2024Operating margin16%
2025Operating margin30.1%
2016Net margin11.1%
2017Net margin29.3%
2018Net margin6.3%
2019Net margin5%
2020Net margin-8.4%
2021Net margin12%
2022Net margin3%
2023Net margin3.6%
2024Net margin4.5%
2025Net margin11.7%
2016Free cash flow margin33.7%
2017Free cash flow margin30.9%
2018Free cash flow margin13.6%
2019Free cash flow margin11.1%
2020Free cash flow margin31.8%
2021Free cash flow margin38.8%
2022Free cash flow margin-2.6%
2023Free cash flow margin8.5%
2024Free cash flow margin16.9%
2025Free cash flow margin14.6%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 359.7M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.2B858.6M538.7M218.8M-101.0M201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow1090200000
2017Operating cash flow761600000
2018Operating cash flow379100000
2019Operating cash flow393600000
2020Operating cash flow651700000
2021Operating cash flow611800000
2022Operating cash flow-12800000
2023Operating cash flow295600000
2024Operating cash flow573800000
2025Operating cash flow359700000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 314.1M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.1B811.5M495.0M178.4M-138.1M201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow1040700000
2017Free cash flow739600000
2018Free cash flow341800000
2019Free cash flow305600000
2020Free cash flow555800000
2021Free cash flow588200000
2022Free cash flow-50800000
2023Free cash flow254300000
2024Free cash flow520000000
2025Free cash flow314100000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

86.4% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.93%70%47%23%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets52.8%
2017Liabilities / assets49.1%
2018Liabilities / assets67.9%
2019Liabilities / assets72.7%
2020Liabilities / assets76.8%
2021Liabilities / assets84.3%
2022Liabilities / assets85.4%
2023Liabilities / assets85.7%
2024Liabilities / assets85.2%
2025Liabilities / assets86.4%

Current assets to current liabilities

Current assets divided by current liabilities.

Not enough comparable data to show this history.
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016-12-31Current assets / current liabilitiesNot reportedNo source recorded
2017-12-31Current assets / current liabilitiesNot reportedNo source recorded
2018-12-31Current assets / current liabilitiesNot reportedNo source recorded
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020-12-31Current assets / current liabilitiesNot reportedNo source recorded
2021-12-31Current assets / current liabilitiesNot reportedNo source recorded
2022-12-31Current assets / current liabilitiesNot reportedNo source recorded
2023-12-31Current assets / current liabilitiesNot reportedNo source recorded
2024-12-31Current assets / current liabilitiesNot reportedNo source recorded
2025-12-31Current assets / current liabilitiesNot reportedNo source recorded

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 343.6 million
Exact value

Exact value: 343600000 USD

2016-01-01 – 2016-12-31: 343600000 USD Inspect Net Income Open source
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USD 1.09 billion
Exact value

Exact value: 1090200000 USD

2016-01-01 – 2016-12-31: 1090200000 USD Inspect Operating Cash Flow Open source
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USD 49.5 million
Exact value

Exact value: 49500000 USD

2016-01-01 – 2016-12-31: 49500000 USD Inspect Capital Expenditure Open source
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USD 1.04 billion
Calculation and evidence

1090200000 − 49500000 USD

Exact free cash flow: 1040700000 USD

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2017 2017-01-01 – 2017-12-31
USD 702.5 million
Exact value

Exact value: 702500000 USD

2017-01-01 – 2017-12-31: 702500000 USD Inspect Net Income Open source
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USD 761.6 million
Exact value

Exact value: 761600000 USD

2017-01-01 – 2017-12-31: 761600000 USD Inspect Operating Cash Flow Open source
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USD 22 million
Exact value

Exact value: 22000000 USD

2017-01-01 – 2017-12-31: 22000000 USD Inspect Capital Expenditure Open source
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USD 739.6 million
Calculation and evidence

761600000 − 22000000 USD

Exact free cash flow: 739600000 USD

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2018 2018-01-01 – 2018-12-31
USD 159.3 million
Exact value

Exact value: 159300000 USD

2018-01-01 – 2018-12-31: 159300000 USD Inspect Net Income Open source
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USD 379.1 million
Exact value

Exact value: 379100000 USD

2018-01-01 – 2018-12-31: 379100000 USD Inspect Operating Cash Flow Open source
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USD 37.3 million
Exact value

Exact value: 37300000 USD

2018-01-01 – 2018-12-31: 37300000 USD Inspect Capital Expenditure Open source
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USD 341.8 million
Calculation and evidence

379100000 − 37300000 USD

Exact free cash flow: 341800000 USD

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2019 2019-01-01 – 2019-12-31
USD 137.6 million
Exact value

Exact value: 137600000 USD

2019-01-01 – 2019-12-31: 137600000 USD Inspect Net Income Open source
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USD 393.6 million
Exact value

Exact value: 393600000 USD

2019-01-01 – 2019-12-31: 393600000 USD Inspect Operating Cash Flow Open source
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USD 88 million
Exact value

Exact value: 88000000 USD

2019-01-01 – 2019-12-31: 88000000 USD Inspect Capital Expenditure Open source
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USD 305.6 million
Calculation and evidence

393600000 − 88000000 USD

Exact free cash flow: 305600000 USD

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2020 2020-01-01 – 2020-12-31
−USD 147.3 million
Exact value

Exact value: -147300000 USD

2020-01-01 – 2020-12-31: -147300000 USD Inspect Net Income Open source
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USD 651.7 million
Exact value

Exact value: 651700000 USD

2020-01-01 – 2020-12-31: 651700000 USD Inspect Operating Cash Flow Open source
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USD 95.9 million
Exact value

Exact value: 95900000 USD

2020-01-01 – 2020-12-31: 95900000 USD Inspect Capital Expenditure Open source
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USD 555.8 million
Calculation and evidence

651700000 − 95900000 USD

Exact free cash flow: 555800000 USD

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2021 2021-01-01 – 2021-12-31
USD 182 million
Exact value

Exact value: 182000000 USD

2021-01-01 – 2021-12-31: 182000000 USD Inspect Net Income Open source
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USD 611.8 million
Exact value

Exact value: 611800000 USD

2021-01-01 – 2021-12-31: 611800000 USD Inspect Operating Cash Flow Open source
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USD 23.6 million
Exact value

Exact value: 23600000 USD

2021-01-01 – 2021-12-31: 23600000 USD Inspect Capital Expenditure Open source
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USD 588.2 million
Calculation and evidence

611800000 − 23600000 USD

Exact free cash flow: 588200000 USD

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2022 2022-01-01 – 2022-12-31
USD 60.1 million
Exact value

Exact value: 60100000 USD

2022-01-01 – 2022-12-31: 60100000 USD Inspect Net Income Open source
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−USD 12.8 million
Exact value

Exact value: -12800000 USD

2022-01-01 – 2022-12-31: -12800000 USD Inspect Operating Cash Flow Open source
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USD 38 million
Exact value

Exact value: 38000000 USD

2022-01-01 – 2022-12-31: 38000000 USD Inspect Capital Expenditure Open source
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−USD 50.8 million
Calculation and evidence

-12800000 − 38000000 USD

Exact free cash flow: -50800000 USD

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2023 2023-01-01 – 2023-12-31
USD 106 million
Exact value

Exact value: 106000000 USD

2023-01-01 – 2023-12-31: 106000000 USD Inspect Net Income Open source
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USD 295.6 million
Exact value

Exact value: 295600000 USD

2023-01-01 – 2023-12-31: 295600000 USD Inspect Operating Cash Flow Open source
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USD 41.3 million
Exact value

Exact value: 41300000 USD

2023-01-01 – 2023-12-31: 41300000 USD Inspect Capital Expenditure Open source
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USD 254.3 million
Calculation and evidence

295600000 − 41300000 USD

Exact free cash flow: 254300000 USD

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2024 2024-01-01 – 2024-12-31
USD 138.4 million
Exact value

Exact value: 138400000 USD

2024-01-01 – 2024-12-31: 138400000 USD Inspect Net Income Open source
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USD 573.8 million
Exact value

Exact value: 573800000 USD

2024-01-01 – 2024-12-31: 573800000 USD Inspect Operating Cash Flow Open source
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USD 53.8 million
Exact value

Exact value: 53800000 USD

2024-01-01 – 2024-12-31: 53800000 USD Inspect Capital Expenditure Open source
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USD 520 million
Calculation and evidence

573800000 − 53800000 USD

Exact free cash flow: 520000000 USD

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2025 2025-01-01 – 2025-12-31
USD 253.1 million
Exact value

Exact value: 253100000 USD

2025-01-01 – 2025-12-31: 253100000 USD Inspect Net Income Open source
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USD 359.7 million
Exact value

Exact value: 359700000 USD

2025-01-01 – 2025-12-31: 359700000 USD Inspect Operating Cash Flow Open source
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USD 45.6 million
Exact value

Exact value: 45600000 USD

2025-01-01 – 2025-12-31: 45600000 USD Inspect Capital Expenditure Open source
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USD 314.1 million
Calculation and evidence

359700000 − 45600000 USD

Exact free cash flow: 314100000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

181 filings · 16,201 latest values · 16,201 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000099780, 99780, TRN, edgar:99780

Also known as TRINITY INDUSTRIES INC