Trinity Industries, Inc. (TRN) Stock Price & Analysis
Trinity Industries, Inc. (TRN) closed at USD 25.82 on Thursday, October 22, 2026, up 2.34% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 25.23; the Oct 22, 2026 session ranged USD 25.2–25.95 on volume of 779,074 shares. Market capitalization is $2.06B, with a 52-week range of USD 24.28–38.31 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:12 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TRN.md
Key facts (TRN)
- Last four reported quarters (through Jun 30, 2026): revenue $2.04B, net income $339M (16.6% margin), free cash flow $343M (SEC filings).
- Valuation: P/E 6.1x (avg 17.0x at the last 3 fiscal year-ends), EV/EBITDA 6.8x, net debt $5.07B.
- Earnings quality: non-operating income -$273M vs operating income $755M over the last four quarters; P/E excluding non-operating income ≈3.8x (estimate: non-operating income taxed at the company's 24.8% effective rate).
- 1 of 80 tracked superinvestors hold TRN (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $502K; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 3.00 on a 1–5 scale) (2 analysts), mean target USD 31 (range 30–32).
- Total return with dividends: 1Y -4.3% vs S&P 500 +14.9%; 5Y +6.1% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.27, revenue estimate $498M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TRN)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.52B | $1.98B | $2.98B | $3.08B | $2.16B | $2.04B |
| Gross profit | $355M | $368M | $527M | $668M | $573M | — |
| Operating income | $257M | $334M | $417M | $492M | $649M | $755M |
| Net income | $182M | $60.1M | $106M | $138M | $253M | $339M |
| EPS (diluted) | $1.75 | $0.71 | $1.27 | $1.64 | $3.05 | — |
| Free cash flow | $588M | -$50.8M | $254M | $520M | $314M | $343M |
| Gross margin | 23.4% | 18.6% | 17.7% | 21.7% | 26.6% | — |
| Operating margin | 16.9% | 16.9% | 14.0% | 16.0% | 30.1% | 37.0% |
| Net margin | 12.0% | 3.0% | 3.6% | 4.5% | 11.7% | 16.6% |
| Revenue growth | -13.4% | +30.4% | +50.9% | +3.2% | -30.0% | — |
| Cash + short-term investments | $167M | $79.6M | $106M | $228M | $201M | — |
| Total debt | — | $5.61B | $5.75B | $5.69B | $5.44B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (TRN)
P/E 6.1x · P/E ex non-operating (est.) ≈3.8x · P/S 1.0x · EV/EBITDA 6.8x · EV/Sales 3.5x · P/FCF 6.0x · P/B 1.8x · FCF yield 16.65% · Earnings yield 16.50% · Dividend yield (paid, TTM) 4.80% · Buyback yield (TTM) 2.56% · Net debt $5.07B · EV $7.13B
P/E at fiscal year-ends: Dec 2025 8.7x, Dec 2024 21.4x, Dec 2023 20.9x.
Superinvestors (SEC 13F-HR, Q2 2026) (TRN)
1 of 80 tracked investors hold TRN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.03% | $16.0M | Added +11.5% |
Insider sales (SEC Form 4, open-market, last ~7 months) (TRN)
1 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-25 | Poet Kevin | EVP Operations & Support Svcs | 17,000 | $502K | 19.7% | Yes | Too little history (no open-market trades in 2023 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (TRN)
Consensus Hold (mean 3.00 on a 1–5 scale), 2 analysts; mean target USD 31 (low 30, high 32).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-31 | Susquehanna | Target lowered | Neutral | $35 → $34 |
Total return (dividends reinvested) (TRN)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -4.3% | +6.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -4.3% | +1.2% |
| Volatility (annualized) | 35.0% | 37.6% |
| Max drawdown | -34.0% (Jul 2026→Oct 2026) | -38.5% (Mar 2022→Sep 2022) |
TRN revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Leasing & Services | $281.1M | 57.9% | -7.0% |
| Rail Products Group | $258.5M | 53.3% | -11.9% |
| Total revenue | $485.1M | 100% | — |
TRN revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Leasing & Services | $280.6M | 57.8% | -7.1% |
| — Leasing & Management (part of Leasing & Services) | $206.0M | 42.5% | -11.8% |
| — Maintenance Services Domain (part of Leasing & Services) | $63.4M | 13.1% | +6.9% |
| — Digital Logistics Services (part of Leasing & Services) | $11.7M | 2.4% | +21.9% |
| Rail Products Domain | $230.1M | 47.4% | -12.4% |
| Manufacturing | $204.5M | 42.2% | +0.2% |
| Parts Components | $28.4M | 5.9% | -7.5% |
| Total revenue | $485.1M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
TRN suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Napier Park Railcar Lease Fund | “In December 2025, TILC completed a Sale and Exchange Agreement (the "Exchange Agreement") with Napier Park Railcar Lease Fund LLC ("Napier Park"), a fund owned by Napier Park Global Capital, one of our railcar investment partners since 2013 and a leading alternative credit platform.” |
Quoted from the company's 10-K filed Feb 19, 2026.
TRN customer concentration
In the period ended Dec 31, 2025, a single direct customer accounted for 19% of revenue, per the company's 10-K filed Feb 19, 2026. The company does not name it.
TRN company outlook (results filed Jul 30, 2026)
- “With a meaningful increase in delivery volumes in the second half of the year, our full-year margin outlook of 5% to 6% is unchanged." "The industrial indicators underpinning our markets, including manufacturing PMI, carload growth, and customer inquiry levels, have each trended positively, and we believe the freight cycle is turning in rail's favor." Ms.”
- “Savage concluded, "With our leasing platform performing well, our balance sheet in strong shape, and our full-year EPS guidance of $2.20 to $2.40 intact, we are confident in Trinity's ability to continue generating above-market returns for our shareholders." (1) Excludes items outside our core business operations 1 Consolid”
Quoted word-for-word from the SEC 8-K results press release.
TRN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.27 | $0.24 | +10.4% | $498.4M | 2 |
| Next quarter (ends Dec 2026) | $0.36 | $0.38 | -5.3% | $561.3M | 2 |
| Current fiscal year (ends Dec 2026) | $2.20 | $2.27 | -3.3% | $2.04B | 2 |
| Next fiscal year (ends Dec 2027) | $2.15 | $2.30 | -6.5% | $2.26B | 2 |
TRN options: expected move
Options price a move of about ±10.4% (±$2.68) by Nov 20, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±8.7% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 45.9% | ±10.4% |
| Dec 18, 2026 | 56 | 38.7% | ±12.2% |
| Jan 15, 2027 | 84 | 35.2% | ±13.9% |
| Apr 16, 2027 | 175 | 36.5% | ±20.2% |
30-day implied volatility 40% vs 25.1% realized over the last 30 trading days. Put/call ratio (volume) 0.14. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:12 UTC)
| Price | USD 25.82 |
|---|---|
| Change | ▲ 2.34% (up) |
| Previous Close | USD 25.23 |
| Open | USD 25.17 |
| Day Range | USD 25.2 – 25.95 |
| 52-Week Range | USD 24.28 – 38.31 |
| Volume | 779,074 shares |
| Market Cap | $2.06B |
| Exchange | NYQ |
Technical Analysis (TRN)
Nexqual's technical model rates TRN "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:12 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 44.39 (neutral) |
| vs SMA50 | Below (USD 27.6) |
| MACD | -0.75 (negative) |
Analyst Ratings (TRN)
Wall Street analysts rate TRN "Hold" based on 2 analysts, with a mean price target of USD 31 (range USD 30–32), per Nexqual as of October 23, 2026 at 09:12 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 2 |
| Mean Target | USD 31 |
| High Target | USD 32 |
| Low Target | USD 30 |
| Buy / Hold / Sell | 0 / 2 / 0 |
Earnings (TRN)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 0.27 |
| Revenue Estimate | $498.36M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.25 vs est 1.34 ▼ miss |
| 2026-03-31 | USD 0.32 vs est 0.28 ▲ beat |
| 2025-12-31 | USD 2.31 vs est 2.3 ▲ beat |
| 2025-09-30 | USD 0.38 vs est 0.39 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:12 UTC.
Financials & Fundamentals (TRN)
| Total Revenue | $2.04B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -4.20% |
| Gross Margin | +26.24% |
| Operating Margin | +12.12% |
| Profit Margin | +16.62% |
| ROE | +30.16% |
| Debt / Equity | 4.68 |
| Current Ratio | 2.17 |
| Total Cash | $169.00M |
| Total Debt | $5.37B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $342.60M (16.8% of revenue) |
Source: Nexqual, October 23, 2026 at 09:12 UTC.
Financial Health Score (TRN)
Nexqual rates Trinity Industries, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:12 UTC.
| Growth | Critical — Revenue -30% YoY (annual), sharp decline |
|---|---|
| Profitability | Solid — Gross margin 26%, operating 12% (last 12 months) |
| Balance Sheet | Weak — $156M cash and investments vs $5.23B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $343M (last 4 quarters to Jun 2026, SEC), 17% margin |
| Efficiency | Strong — ROE 30%, ROA 2.3% |
Ownership (TRN)
| Insider Ownership | +1.23% |
|---|---|
| Institutional Ownership | +98.20% |
| Shares Outstanding | 79.67M |
| Float | 78.44M |
| Short % of Float | +9.35% |
Source: Nexqual, October 23, 2026 at 09:12 UTC.
Leadership (TRN)
Trinity Industries, Inc. is led by E. Jean Savage, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:12 UTC.
| President, CEO & Director | E. Jean Savage |
|---|---|
| Executive VP & CFO | Eric R. Marchetto |
| Executive Vice President of Operations & Support Services | Kevin Poet |
Major Backers & Investors (TRN)
Notable institutional backers of Trinity Industries, Inc. include Capital International Investors, American Century Companies Inc, Capital Income Builder, according to Nexqual as of October 23, 2026 at 09:12 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Capital International Investors | 7.22% |
| American Century Companies Inc | 5.42% |
| Capital Income Builder | 3.32% |
| Goldman Sachs | 3.19% |
| SmallCap World Fund Inc | 3.15% |
| Jennison Associates LLC | 2.93% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 16.77% |
| Vanguard Group | 11.62% |
| Dimensional Fund Advisors | 6.09% |
| State Street | 5.18% |
Source: Nexqual, October 23, 2026 at 09:12 UTC.
From Trinity Industries, Inc.'s Latest SEC 10-K Filing (filed 2026-02-19)
Key Strengths & Strategy (as disclosed to the SEC)
- Our platform also includes the brands of RSI Logistics, a provider of software and logistics solutions, and Holden America, a supplier of railcar parts and components.
- Our platform provides railcar leasing and management services; railcar manufacturing; railcar maintenance and modifications; and other railcar logistics products and services.
- Our platform offers a complete portfolio of railcar solutions to our customers as summarized below: Railcar Leasing and Services Group.
- We believe our Rail Products Group's diversified manufacturing capabilities enable us to capitalize on changing industry trends and developing opportunities.
Partnerships
- Our affiliations with third-party investor-owned funds, through strategic railcar alliances and the formation of railcar investment vehicles, combined with TILC's fleet maintenance and management services capabilities, complement our leasing business by generating stable fee income, strengthening customer relationships, and enhancing the view of TrinityRail as a leading provider of railcar products and services.
Legal & Regulatory Risks (Item 1A, quoted)
- Increasing insurance claims and expenses could lower profitability and increase business risk.
- Climate change and business, regulatory, and legal developments regarding climate change may affect the demand for our products or the ability of our critical suppliers to meet our needs.
- Risks Related to Laws and Regulations
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| GBX | Greenbrier Companies, Inc. (The | USD 38.78 | ▲ 2.89% |
| FSTR | L.B. Foster Company | USD 35.33 | ▼ 1.4% |
| WAB | Westinghouse Air Brake Technolo | USD 276.47 | ▼ 4.32% |
| CNI | Canadian National Railway Compa | USD 124.93 | ▲ 2.36% |
| NSC | Norfolk Southern Corporation | USD 338.23 | ▲ 3.09% |
| CP | Canadian Pacific Kansas City Li | USD 90.62 | ▲ 2.86% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:12 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt