TRN · XBRL financial data
Trinity Industries financial statements, every fiscal year
The same tables from 10 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (TRN's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | 1,999 | 1,516 | 1,977 | 2,983 | 3,079 | 2,157 |
| Cost of goods and services sold | 1,508 | 1,162 | 1,610 | 2,456 | 2,411 | 1,584 |
| Selling, general and administrative | 228 | 180 | 185 | 202 | 236 | 214 |
| Other operating income (expense) | (3) | 1 | 2 | (3) | 4 | — |
| Operating income (loss) | (125) | 257 | 334 | 417 | 492 | 649 |
| Interest income | 3 | — | — | — | — | — |
| Interest expense | 219 | — | — | — | — | — |
| Other income (expense) | — | — | — | (3) | 4 | 0 |
| Income tax expense (benefit) | (268) | 16 | 28 | 9 | 50 | 91 |
| Net income (loss) | (147) | 182 | 60 | 106 | 138 | 253 |
| Earnings per share, basic USD per share | (1.27) | 1.79 | 0.73 | 1.31 | 1.69 | 3.13 |
| Earnings per share, diluted USD per share | (1.27) | 1.75 | 0.71 | 1.27 | 1.64 | 3.05 |
| Weighted average shares, basic millions of shares | 116 | 102 | 82 | 81 | 82 | 81 |
| Weighted average shares, diluted millions of shares | 116 | 104 | 84 | 83 | 84 | 83 |
Balance sheet
CSVFiscal years (TRN's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 132 | 167 | 80 | 106 | 228 | 201 |
| Inventory | 321 | 433 | 629 | 684 | 476 | 469 |
| Property and equipment, net | 7,003 | 6,847 | 6,887 | 7,005 | 6,988 | 6,621 |
| Right-of-use asset | 77 | 83 | 93 | 101 | 97 | 91 |
| Goodwill | 209 | 154 | 196 | 222 | 222 | 222 |
| Total assets | 8,702 | 8,236 | 8,724 | 8,907 | 8,832 | 8,424 |
| Lease liability, non-current | 97 | 106 | 115 | 118 | — | — |
| Total liabilities | 6,686 | 6,939 | 7,455 | 7,631 | 7,525 | 7,279 |
| Retained earnings | 1,769 | 1,047 | 993 | 1,011 | 1,054 | 1,082 |
| Total stockholders' equity | 1,739 | 1,030 | 1,012 | 1,037 | 1,059 | 1,077 |
| Total liabilities and equity | 8,702 | 8,236 | 8,724 | 8,907 | 8,832 | 8,424 |
| Common shares outstanding (cover page) millions of shares | 111 | 83 | 81 | 82 | 82 | 80 |
Cash flows
CSVFiscal years (TRN's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | (147) | 182 | 60 | 106 | 138 | 253 |
| Stock-based compensation | 27 | 21 | 23 | 23 | 24 | 23 |
| Depreciation and amortization | 266 | 266 | 276 | 293 | 294 | 305 |
| Net cash from operating activities | 652 | 612 | (13) | 296 | 574 | 360 |
| Purchases of property and equipment | 102 | 24 | 38 | 41 | 54 | 46 |
| Net cash from investing activities | (533) | 276 | (261) | (363) | (215) | (386) |
| Share repurchases | 191 | 833 | 52 | 0 | 21 | 71 |
| Dividends paid | 92 | 89 | 77 | 86 | 93 | 99 |
| Net cash from financing activities | (168) | (814) | 265 | 8 | (220) | (25) |
Compare with peers
SIC 3743 and related industry codes, similar size; rows marked “added: same SIC” fill a short list. Each row is the latest quarter reported.
How peers are chosen
- SIC 3743 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Fewer than three companies fall in that range, so the list adds same-SIC (3743) companies nearest in public float, each marked “added: same SIC”.
- * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “year only” links to a 10-K that gives only the full year: without all three earlier quarters there is no fourth quarter to work out, and the year total is never shown as a quarter.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| Trinity Industries | 158 | 535 | 66* | 78.2M | 10-QSep 30, 2026 |
| Greenbrier Companies | 235 | 591* | 32* | 31.0M | 10-KAug 31, 2026 |
| Westinghouse Air Brake Technologiesadded: same SIC | 489 | 3,120 | 455* | 167.8M | 10-QSep 30, 2026 |
| FreightCar Americaadded: same SIC | 63 | 113 | 12* | 32.8M | 10-QJun 30, 2026 |
| Kelso Technologiesadded: same SIC | 0.4 | year only | year only | 55.3M | 20-FDec 31, 2025 |
| Rail Visionadded: same SIC | 20 | year only | year only | 2.2M | 20-FDec 31, 2025 |
Not investment advice. Not affiliated with the U.S. SEC.
Data on this page was fetched . The filing on SEC.gov is the record.
