What is Trinity Industri's earnings per share (EPS)?

Trinity Industri (TRN) reported diluted earnings per share of $3.05 for fiscal year 2025. This represents a 86.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Trinity Industri Financials

TRN

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Trinity Industri (TRN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 43/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Trinity Industri has an operating margin of 30.1%, meaning the company retains $30 of operating profit per $100 of revenue. This strong profitability earns a score of 89/100, reflecting efficient cost management and pricing power. This is up from 16.0% the prior year.

Growth

Trinity Industri's revenue declined 30% year-over-year, from $3.1B to $2.2B. This contraction results in a growth score of 0/100.

Leverage

Trinity Industri has elevated debt relative to equity (D/E of 6.76), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

Trinity Industri has a free cash flow margin of 14.6%, earning a moderate score of 61/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Trinity Industri's ROE of 23.5% shows moderate profitability relative to equity, earning a score of 63/100. This is up from 13.1% the prior year.

Piotroski F-Score Neutral

6/9

Trinity Industri passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.42x

For every $1 of reported earnings, Trinity Industri generates $1.42 in operating cash flow ($359.7M OCF vs $253.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.2B

YoY-30.0%

5Y CAGR+4.3%

10Y CAGR-10.3%

Trinity Industri generated $2.2B in revenue in fiscal year 2025. This represents a decrease of 30.0% from the prior year.

EBITDA

$954.3M

YoY+21.5%

5Y CAGR+55.8%

10Y CAGR-5.6%

Trinity Industri's EBITDA was $954.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.5% from the prior year.

Net Income

$253.1M

YoY+82.9%

10Y CAGR-10.8%

Trinity Industri reported $253.1M in net income in fiscal year 2025. This represents an increase of 82.9% from the prior year.

EPS (Diluted)

$3.05

YoY+86.0%

10Y CAGR-5.0%

Trinity Industri earned $3.05 per diluted share (EPS) in fiscal year 2025. This represents an increase of 86.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$314.1M

YoY-39.6%

5Y CAGR-10.8%

10Y CAGR-8.3%

Trinity Industri generated $314.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 39.6% from the prior year.

Cash & Debt

$201.3M

YoY-11.8%

5Y CAGR+8.8%

10Y CAGR-14.7%

Trinity Industri held $201.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.21

YoY+6.1%

5Y CAGR+9.2%

10Y CAGR+10.9%

Trinity Industri paid $1.21 per share in dividends in fiscal year 2025. This represents an increase of 6.1% from the prior year.

Shares Outstanding

80M

YoY-2.4%

5Y CAGR-6.4%

10Y CAGR-6.3%

Trinity Industri had 80M shares outstanding in fiscal year 2025. This represents a decrease of 2.4% from the prior year.

Margins & Returns

Gross Margin

26.6%

YoY+4.9pp

5Y CAGR+2.4pp

10Y CAGR-0.6pp

Trinity Industri's gross margin was 26.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 4.9 percentage points from the prior year.

Operating Margin

30.1%

YoY+14.1pp

5Y CAGR+38.9pp

10Y CAGR+7.6pp

Trinity Industri's operating margin was 30.1% in fiscal year 2025, reflecting core business profitability. This is up 14.1 percentage points from the prior year.

Net Margin

11.7%

YoY+7.2pp

5Y CAGR+20.2pp

10Y CAGR-0.7pp

Trinity Industri's net profit margin was 11.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7.2 percentage points from the prior year.

Return on Equity

23.5%

YoY+10.4pp

5Y CAGR+32.0pp

10Y CAGR+1.7pp

Trinity Industri's ROE was 23.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 10.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$71.3M

YoY+244.4%

5Y CAGR-17.9%

10Y CAGR-4.7%

Trinity Industri spent $71.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 244.4% from the prior year.

Capital Expenditures

$45.6M

YoY-15.2%

5Y CAGR-13.8%

10Y CAGR-13.6%

Trinity Industri invested $45.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 15.2% from the prior year.

TRN Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.2B-30.0%	$3.1B+3.2%	$3.0B+50.9%	$2.0B+30.4%	$1.5B-13.4%	$1.7B
Cost of Revenue	$1.6B-34.3%	$2.4B-1.8%	$2.5B+52.6%	$1.6B+38.6%	$1.2B-12.5%	$1.3B
Gross Profit	$572.7M-14.3%	$668.2M+26.8%	$527.1M+43.4%	$367.7M+3.7%	$354.5M-16.1%	$422.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$214.3M-9.1%	$235.7M+16.7%	$201.9M+8.9%	$185.4M+3.2%	$179.6M-5.3%	$189.6M
Operating Income	$649.2M+32.1%	$491.5M+17.9%	$417.0M+24.9%	$334.0M+30.1%	$256.8M+266.1%	-$154.6M
Interest Expense	N/A	-$273.5M-3.0%	-$265.5M-27.0%	-$209.1M-9.2%	-$191.4M-187.3%	$219.2M
Income Tax	$90.9M+80.4%	$50.4M+460.0%	$9.0M-67.4%	$27.6M+73.6%	$15.9M+105.8%	-$274.1M
Net Income	$253.1M+82.9%	$138.4M+30.6%	$106.0M+76.4%	$60.1M-67.0%	$182.0M+223.6%	-$147.3M
EPS (Diluted)	$3.05+86.0%	$1.64+29.1%	$1.27+78.9%	$0.71-59.4%	$1.75+237.8%	$-1.27

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$611.2M+34.6%	$454.1M-10.3%	$506.2M-13.5%	$585.4M-7.0%	$629.4M-21.2%	$798.8M-5.1%	$841.4M+3.9%	$809.6M
Cost of Revenue	$455.5M+45.7%	$312.7M-16.1%	$372.8M-15.9%	$443.2M-6.6%	$474.4M-24.6%	$629.3M-5.0%	$662.4M+2.7%	$644.9M
Gross Profit	$155.7M+10.1%	$141.4M+6.0%	$133.4M-6.2%	$142.2M-8.3%	$155.0M-8.6%	$169.5M-5.3%	$179.0M+8.7%	$164.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$69.7M+54.2%	$45.2M-8.5%	$49.4M-1.2%	$50.0M-18.8%	$61.6M+1.8%	$60.5M-1.3%	$61.3M+17.2%	$52.3M
Operating Income	$335.4M+182.8%	$118.6M+24.3%	$95.4M-4.4%	$99.8M-10.9%	$112.0M-8.5%	$122.4M-13.7%	$141.9M+23.2%	$115.2M
Interest Expense	N/A	-$69.8M-3.1%	-$67.7M-2.4%	-$66.1M	N/A	-$67.4M+3.9%	-$70.1M-1.4%	-$69.1M
Income Tax	$68.3M+515.3%	$11.1M+170.7%	$4.1M-44.6%	$7.4M+10.4%	$6.7M-57.1%	$15.6M-8.8%	$17.1M+55.5%	$11.0M
Net Income	$186.6M+515.8%	$30.3M+114.9%	$14.1M-36.2%	$22.1M-23.5%	$28.9M-8.0%	$31.4M-42.3%	$54.4M+129.5%	$23.7M
EPS (Diluted)	$2.28+516.2%	$0.37+117.6%	$0.17-34.6%	$0.26-23.5%	$0.34-8.1%	$0.37-43.1%	$0.65+132.1%	$0.28

TRN Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$8.4B-4.6%	$8.8B-0.8%	$8.9B+2.1%	$8.7B+5.9%	$8.2B-5.4%	$8.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$201.3M-11.8%	$228.2M+115.9%	$105.7M+32.8%	$79.6M-52.4%	$167.3M+26.7%	$132.0M
Inventory	$469.1M-1.5%	$476.2M-30.4%	$684.3M+8.7%	$629.4M+45.4%	$432.9M+51.8%	$285.2M
Accounts Receivable	$389.1M+2.6%	$379.1M+4.3%	$363.5M+12.4%	$323.5M+42.1%	$227.6M+38.4%	$164.4M
Goodwill	$221.5M0.0%	$221.5M0.0%	$221.5M+13.1%	$195.9M+27.0%	$154.2M+4.8%	$147.2M
Total Liabilities	$7.3B-3.3%	$7.5B-1.4%	$7.6B+2.4%	$7.5B+7.4%	$6.9B+3.8%	$6.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.1B+1.7%	$1.1B+2.1%	$1.0B+2.4%	$1.0B-1.7%	$1.0B-40.8%	$1.7B
Retained Earnings	$1.1B+2.6%	$1.1B+4.3%	$1.0B+1.8%	$992.6M-5.2%	$1.0B-40.9%	$1.8B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$8.4B-5.7%	$8.9B+1.4%	$8.8B+1.7%	$8.7B-1.9%	$8.8B-0.1%	$8.8B-1.3%	$9.0B-1.3%	$9.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$201.3M+203.6%	$66.3M-55.1%	$147.7M+55.6%	$94.9M-58.4%	$228.2M+2.6%	$222.4M-13.5%	$257.1M+116.4%	$118.8M
Inventory	$469.1M-15.4%	$554.6M+20.6%	$459.7M+2.2%	$449.7M-5.6%	$476.2M-13.3%	$549.1M-11.0%	$616.9M-4.1%	$643.1M
Accounts Receivable	$389.1M+24.8%	$311.7M-3.8%	$323.9M-12.2%	$368.9M-2.7%	$379.1M-8.4%	$413.8M+4.1%	$397.5M-17.9%	$484.0M
Goodwill	$221.5M0.0%	$221.5M0.0%	$221.5M0.0%	$221.5M0.0%	$221.5M0.0%	$221.5M0.0%	$221.5M0.0%	$221.5M
Total Liabilities	$7.3B-5.2%	$7.7B+1.7%	$7.6B+2.5%	$7.4B-2.1%	$7.5B-0.3%	$7.5B-1.4%	$7.7B-1.8%	$7.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.1B+7.6%	$1.0B-0.8%	$1.0B-4.2%	$1.1B-0.5%	$1.1B+0.1%	$1.1B-0.8%	$1.1B+1.5%	$1.0B
Retained Earnings	$1.1B+6.1%	$1.0B+0.6%	$1.0B-3.7%	$1.1B-0.2%	$1.1B+0.4%	$1.1B+0.8%	$1.0B+3.1%	$1.0B

TRN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$359.7M-37.3%	$573.8M+94.1%	$295.6M+2409.4%	-$12.8M-102.1%	$611.8M-6.1%	$651.7M
Capital Expenditures	$45.6M-15.2%	$53.8M+30.3%	$41.3M+8.7%	$38.0M+61.0%	$23.6M-75.4%	$95.9M
Free Cash Flow	$314.1M-39.6%	$520.0M+104.5%	$254.3M+600.6%	-$50.8M-108.6%	$588.2M+5.8%	$555.8M
Investing Cash Flow	-$385.6M-79.7%	-$214.6M+40.9%	-$363.0M-39.2%	-$260.7M-194.4%	$276.3M+151.8%	-$532.9M
Financing Cash Flow	-$24.9M+88.7%	-$219.9M-2781.7%	$8.2M-96.9%	$265.4M+132.6%	-$814.1M-384.6%	-$168.0M
Dividends Paid	$98.7M+5.9%	$93.2M+8.4%	$86.0M+11.8%	$76.9M-13.1%	$88.5M-3.5%	$91.7M
Share Buybacks	$71.3M+244.4%	$20.7M	$0-100.0%	$51.8M-93.8%	$833.4M+335.7%	$191.3M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$177.4M+301.4%	$44.2M-28.2%	$61.6M-19.5%	$76.5M-62.1%	$201.6M+156.8%	$78.5M-67.5%	$241.5M+362.6%	$52.2M
Capital Expenditures	$18.8M+111.2%	$8.9M+2.3%	$8.7M-5.4%	$9.2M-57.2%	$21.5M+31.1%	$16.4M+45.1%	$11.3M+145.7%	$4.6M
Free Cash Flow	$158.6M+349.3%	$35.3M-33.3%	$52.9M-21.4%	$67.3M-62.6%	$180.1M+190.0%	$62.1M-73.0%	$230.2M+383.6%	$47.6M
Investing Cash Flow	$12.8M+108.2%	-$156.3M-3.9%	-$150.5M-64.3%	-$91.6M+16.3%	-$109.4M-121.9%	-$49.3M-172.4%	$68.1M+154.9%	-$124.0M
Financing Cash Flow	-$105.3M-396.6%	$35.5M-79.0%	$169.1M+236.2%	-$124.2M-147.4%	-$50.2M+17.7%	-$61.0M+66.2%	-$180.5M-351.4%	$71.8M
Dividends Paid	$24.1M-0.4%	$24.2M-6.2%	$25.8M+4.9%	$24.6M+6.5%	$23.1M+0.9%	$22.9M-5.4%	$24.2M+5.2%	$23.0M
Share Buybacks	$12.4M-37.7%	$19.9M-35.4%	$30.8M+275.6%	$8.2M-40.6%	$13.8M+130.0%	$6.0M+566.7%	$900K	$0

TRN Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	26.6%+4.9pp	21.7%+4.0pp	17.7%-0.9pp	18.6%-4.8pp	23.4%-0.8pp	24.1%
Operating Margin	30.1%+14.1pp	16.0%+2.0pp	14.0%-2.9pp	16.9%-0.1pp	16.9%+25.8pp	-8.8%
Net Margin	11.7%+7.2pp	4.5%+0.9pp	3.5%+0.5pp	3.0%-9.0pp	12.0%+20.4pp	-8.4%
Return on Equity	23.5%+10.4pp	13.1%+2.9pp	10.2%+4.3pp	5.9%-11.7pp	17.7%+26.1pp	-8.5%
Return on Assets	3.0%+1.4pp	1.6%+0.4pp	1.2%+0.5pp	0.7%-1.5pp	2.2%+3.9pp	-1.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	6.76-0.3	7.11-0.3	7.360.0	7.36+0.6	6.74+2.9	3.85
FCF Margin	14.6%-2.3pp	16.9%+8.4pp	8.5%+11.1pp	-2.6%-41.4pp	38.8%+7.0pp	31.8%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	25.5%-5.7pp	31.1%+4.8pp	26.4%+2.1pp	24.3%-0.3pp	24.6%+3.4pp	21.2%-0.1pp	21.3%+0.9pp	20.3%
Operating Margin	54.9%+28.8pp	26.1%+7.3pp	18.9%+1.8pp	17.1%-0.7pp	17.8%+2.5pp	15.3%-1.5pp	16.9%+2.6pp	14.2%
Net Margin	30.5%+23.9pp	6.7%+3.9pp	2.8%-1.0pp	3.8%-0.8pp	4.6%+0.7pp	3.9%-2.5pp	6.5%+3.5pp	2.9%
Return on Equity	17.3%+14.3pp	3.0%+1.6pp	1.4%-0.7pp	2.1%-0.6pp	2.7%-0.2pp	3.0%-2.1pp	5.1%+2.9pp	2.3%
Return on Assets	2.2%+1.9pp	0.3%+0.2pp	0.2%-0.1pp	0.3%-0.1pp	0.3%-0.0pp	0.4%-0.3pp	0.6%+0.4pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	6.76-0.9	7.67+0.2	7.48+0.5	6.99-0.1	7.11-0.0	7.13-0.0	7.18-0.2	7.43
FCF Margin	25.9%+18.2pp	7.8%-2.7pp	10.4%-1.1pp	11.5%-17.1pp	28.6%+20.8pp	7.8%-19.6pp	27.4%+21.5pp	5.9%

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Frequently Asked Questions

What is Trinity Industri's annual revenue?

Trinity Industri (TRN) reported $2.2B in total revenue for fiscal year 2025. This represents a -30.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Trinity Industri's revenue growing?

Trinity Industri (TRN) revenue declined by 30% year-over-year, from $3.1B to $2.2B in fiscal year 2025.

Is Trinity Industri profitable?

Yes, Trinity Industri (TRN) reported a net income of $253.1M in fiscal year 2025, with a net profit margin of 11.7%.

What is Trinity Industri's EBITDA?

Trinity Industri (TRN) had EBITDA of $954.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Trinity Industri's gross margin?

Trinity Industri (TRN) had a gross margin of 26.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Trinity Industri's operating margin?

Trinity Industri (TRN) had an operating margin of 30.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Trinity Industri's net profit margin?

Trinity Industri (TRN) had a net profit margin of 11.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Trinity Industri pay dividends?

Yes, Trinity Industri (TRN) paid $1.21 per share in dividends during fiscal year 2025.

What is Trinity Industri's return on equity (ROE)?

Trinity Industri (TRN) has a return on equity of 23.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Trinity Industri's free cash flow?

Trinity Industri (TRN) generated $314.1M in free cash flow during fiscal year 2025. This represents a -39.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Trinity Industri's operating cash flow?

Trinity Industri (TRN) generated $359.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Trinity Industri's total assets?

Trinity Industri (TRN) had $8.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Trinity Industri's capital expenditures?

Trinity Industri (TRN) invested $45.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Trinity Industri buy back shares?

Yes, Trinity Industri (TRN) spent $71.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Trinity Industri have outstanding?

Trinity Industri (TRN) had 80M shares outstanding as of fiscal year 2025.

What is Trinity Industri's debt-to-equity ratio?

Trinity Industri (TRN) had a debt-to-equity ratio of 6.76 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Trinity Industri's return on assets (ROA)?

Trinity Industri (TRN) had a return on assets of 3.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Trinity Industri's Piotroski F-Score?

Trinity Industri (TRN) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Trinity Industri's earnings high quality?

Trinity Industri (TRN) has an earnings quality ratio of 1.42x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Trinity Industri?

Trinity Industri (TRN) scores 43 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.