Trinity Industries
Leases, builds, maintains, and manages freight and tank railcars across North America.
Something off on this page? Send us feedback.
Profile
Leases, manages, maintains, and manufactures freight and tank railcars for North American shippers, railroads, and lessors. The integrated platform earns lease and service income while supplying new cars, conversions, parts, logistics software, and fleet administration.
Provides railcar leasing and management, maintenance and modifications, logistics software, and new freight and tank railcars across North America. Railcar Leasing and Services Group earns operating-lease and fleet-management income, while Rail Products Group manufactures cars, conversions, parts, and components for outside customers and the leasing fleet.
Combines manufacturing with asset ownership and life-cycle service under TrinityRail, supported by RSI Logistics and Holden America. Most managed cars are owned directly; the rest are administered for investors, pairing operating-lease income with service fees. Operations span the United States and Mexico, with a minority leasing investment in India.
Fleet economics depend on utilization, lease renewals, and secondary-market sales; manufacturing depends heavily on steel, specialty components, and cross-border rail movements. Railcar design, maintenance, and hazardous-material transport remain subject to U.S., Canadian, Mexican, and industry standards.
Company facts
Categories
Key statistics
Year to date +8.6% · Average volume (30d) 677.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Apr 30, 2026 | Goldman Sachs | Target | $33 | $36 | ||
| Feb 13, 2026 | Susquehanna | Reiterate | Neutral | $28 | $34 | |
| Feb 12, 2026 | Goldman Sachs | Target | $31 | $33 | ||
| Jan 26, 2026 | Susquehanna | Reiterate | Neutral | $23 | $28 | |
| Oct 31, 2025 | Goldman Sachs | Target | $31 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $1.34 | $1.25 | −6.7% | $474.8M | $485.1M | +2.2% | −6.49% |
| Apr 30, 2026Q1 FY26 | $0.28 | $0.32 | +16.4% | $538.9M | $492.0M | −8.7% | +11.07% |
| Feb 12, 2026Q4 FY25 | $2.30 | $2.31 | +0.4% | $570.5M | $611.2M | +7.1% | +1.45% |
| Oct 30, 2025Q3 FY25 | $1.51 | $0.38 | −74.8% | $539.0M | $454.1M | −15.7% | +1.18% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $585.4M | $506.2M | $454.1M | $611.2M | $492.0M | $485.1M | |
| Gross profit | $146.9M | $135.3M | $140.2M | $152.9M | $128.9M | $109.9M | |
| Operating income | $96.9M | $85.9M | $95.0M | $83.2M | $78.2M | $58.8M | |
| Net income | $22.1M | $14.1M | $30.3M | $186.6M | $24.2M | $102.2M | |
| Diluted EPS | $0.26 | $0.17 | $0.37 | $2.28 | $0.30 | $1.25 | |
| Gross margin | 25.1% | 26.7% | 30.9% | 25.0% | 26.2% | 22.7% | |
| Operating margin | 16.6% | 17.0% | 20.9% | 13.6% | 15.9% | 12.1% |
Fiscal years (4-quarter sums)FY21 $1.29B · FY22 $1.98B · FY23 $2.98B · FY24 $3.08B · FY25 $2.16B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $155.7M · Total debt $5.23B · Total assets $8.23B · Shareholders' equity $1.14B
Dividends
Raised for 23 straight years — most recently to $0.31 from $0.30 in Jan 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 15, 2026 | Jul 15 | Jul 31 | $0.31 | |
| Apr 15, 2026 | Apr 15 | Apr 30 | $0.31 | |
| Jan 15, 2026 | Jan 15 | Jan 30 | $0.31 | raised from $0.30 |
| Oct 15, 2025 | Oct 15 | Oct 31 | $0.30 | |
| Jul 15, 2025 | Jul 15 | Jul 31 | $0.30 | |
| Apr 15, 2025 | Apr 15 | Apr 30 | $0.30 | |
| Jan 15, 2025 | Jan 15 | Jan 31 | $0.30 | raised from $0.28 |
| Oct 15, 2024 | Oct 15 | Oct 31 | $0.28 |
Ownership
Shares outstanding 79.67M · Float 78.37M · 98.4% free float
Insiders — no current Form 4 position.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 13.36M | 16.77% | 13F | Aug 7, 2026 |
| Capital International Investors | 5.75M | 7.22% | 13F | Aug 12, 2026 |
| Vanguard Portfolio Management LLC | 5.68M | 7.13% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 4.85M | 6.09% | 13F | Aug 11, 2026 |
| American Century Investment Management, Inc. | 4.32M | 5.40% | 13G | Aug 14, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- GATX
Major full-service railcar lessor and fleet-management rival
- Greenbrier Companies
Full-platform railcar manufacturing, leasing, and services rival
- FreightCar America
Focused freight-car manufacturing and aftermarket competitor
- Wabtec
Rail components, freight-car services, and digital solutions rival
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Trinity Industries | $29.27 | +0.03% | $2.33B | 7.0 | 16.6 | 1.1 | −4.2% |
| GATX | $177.60 | +0.06% | $6.31B | 17.5 | 17.2 | 3.1 | +34.8% |
| Greenbrier Companies | $45.91 | −0.09% | $1.42B | 13.5 | 13.3 | 0.5 | −31.6% |
| FreightCar America | $7.17 | 0.00% | $235.0M | — | 7.6 | 0.5 | −4.6% |
| Wabtec | $292.23 | +0.00% | $49.36B | 39.3 | 25.5 | 4.1 | +17.5% |
| Median | 17.5 | 15.3 | 1.8 | +6.4% |