Trinity Industries (TRN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Trinity Industries

NYSE•Industrials•Railroads

$28.33+0.16(0.01%)Pre-market

Market Cap

$2.26B

P/E

6.7x

P/S

1.1x

P/B

2.0x

Trinity Industries, Inc. provides railcar products and services under the TrinityRail trade name in North America. The company operates in two segments, Railcar Leasing and Services Group, and Rail Products Group. The Railcar Leasing and Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet leasing, management, and administrative services, as well as railcar maintenance and modification services, and other railcar logistics products and services. As of December 31, 2025, it had a fleet of 101,485 railcars. This segment serves industrial shipper and railroad companies operating in refined products and chemicals, energy, agriculture, construction and metals, and consumer products. The Rail Products Group segment manufactures freight and tank railcars for transporting various liquids, gases, and dry cargo; and manufactures and sells railcars and related parts and components. This segment serves railroads, leasing companies, and industrial shippers of products in the refined products and chemicals, energy, agriculture, construction and metals, and consumer products markets. It sells or leases products and services through its own sales personnel and independent sales representatives. The company was incorporated in 1933 and is headquartered in Dallas, Texas.

How this company scores

GoodMetricSide Score: 64/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (10/25).

Profitability25/25

Growth11/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality18/25

Strengths

Strong marginsHigh ROERising earningsCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 6.7x5y range 6.7x – 39.7x

Currently below its 19-quarter median.

P/S · 1.1x5y range 0.7x – 1.9x

Currently near its 20-quarter median.

P/B · 2.0x5y range 1.8x – 2.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Leverage Risk

Red Flag

D/E ratio is 4.6 — heavily leveraged and vulnerable to rising rates or cash flow dips.

Revenue Decline

Red Flag

TTM revenue has contracted 27.9% — significant decline indicating deteriorating demand.

Price & Volume

Market Cap $2.26B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.04B
Q. Revenue: $485.10M
TTM EBITDA: $1.05B
TTM Op. Income: $754.90M
Q. Op. Income: $199.80M
TTM Net Income: $339.40M
Q. Net Income: $98.30M
EPS: $1.23
Shares Out.: $79.60M

$2.04B in TTM revenue declined 18.9% YoY, reaching $485.10M last quarter. TTM EBITDA of $1.05B and TTM operating income of $754.90M show growth is flowing through to the bottom line. TTM net income of $339.40M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 7 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 22.7%
EBITDA Margin: 55.9%
Op. Margin: 41.2%
Net Margin: 20.3%

Op. margin of 41.2% is up 22.3% YoY — cost efficiency is improving. Net margin at 20.3% and gross margin of 22.7% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 119% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 6.7x
P/S Ratio: 1.1x
P/B Ratio: 2.0x

At 6.7x P/E, the stock trades below typical market levels. P/S of 1.1x and P/B of 2.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 71% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $8.23B
Cash: $155.70M
Long-Term Debt: $5.23B
Book Value: $1.14B
D/E Ratio: 4.6
Debt/EBITDA: 19.3

With $8.23B in assets and $5.23B in long-term debt, D/E is 4.6and book value is $1.14B — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $68.90M
TTM Free Cash Flow: $342.60M
FCF Margin: 16.8%
FCF / Net Income: 1.0

TTM FCF of $342.60M on $68.90M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.