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Builds and leases North American freight railcars through its TrinityRail platform.
Builds and leases North American freight railcars through its TrinityRail platform.
Leasing is the steadier earner: it rents railcars to shippers and railroads on multi-year contracts and sells older cars from its fleet. Manufacturing builds new cars both for its own lease fleet and for other buyers, so the factory runs with railcar orders. Some leased cars are sold to investors and then leased back.
Moat: narrow (scale, installed base). Large leasing fleet and manufacturing scale help, but Greenbrier competes head-to-head for the same customers.
Headquarters: Dallas, Texas · Founded: 1933 · Employees: 6,110
Size Trinity Industries (TRN) is a United States Industrials company (Trucks/Construction/Farm Machinery) with a market value of $2.30B, the 1710th largest of 3,117 United States companies the cockpit tracks. Shares closed at $29.43 on 6 Nov 2026.
Performance Over six months the shares fell 19.7%, against -10.8% for the median peer and -1.1% for the United States market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue fell 2.4% over the last twelve months (peer median +13.4%); the operating margin is 13.4% (peer median 6.5%).
Valuation It trades at 15.8× forward earnings against a peer median of 10.8× (6th most expensive of 19).
Capital Return on invested capital runs 3.7 points below its cost of capital (7.3% WACC).
Short interest Short interest is 5.9% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.12B | $2.16B | $3.08B | $2.98B | $1.98B |
| Revenue growth | — | -30% | +3% | +51% | — |
| Gross profit | $511M | $576M | $667M | $520M | $366M |
| EBITDA | $578M | $666M | $725M | $611M | $457M |
| Net income | $327M | $253M | $138M | $106M | $65.8M |
| Free cash flow | -$272M | -$435M | -$21.9M | -$414M | -$980M |
| Capital expenditure | $682M | $795M | $596M | $710M | $967M |
| Total debt | $5.33B | $5.55B | $5.80B | $5.87B | $5.72B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Trinity Industries TRN | $2.30B | -20% | -2% | 13% | 15.8× | n/a |
| Greenbrier Companies GBX | $1.29B | -18% | -24% | 4% | 13.0× | n/a |
| GATX GATX | $6.38B | -2% | +30% | 30% | 17.0× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TRN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.9% | +1.3% | highest of 21 |
| 6-month return | -19.7% | -10.8% | 7th lowest of 21 |
| Distance from 52-week high | -23.2% | -33.1% | 7th highest of 21 |
| Revenue growth (TTM) | -2.4% | +13.4% | 2nd lowest of 21 |
| Operating margin | 13.4% | 6.5% | 3rd highest of 21 |
| Forward P/E | 15.8× | 10.8× | 6th most expensive of 19 |
| ROIC minus cost of capital | -3.7 pp | +1.0 pp | 5th lowest of 20 |
| EV / EBITDA | 12.7× | 7.4× | 3rd most expensive of 10 |
| Net debt / EBITDA | 8.7× | 0.8× | most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Trinity Industries TRN | United States | $2.30B | -20% | -2% | 13% | 15.8× | n/a | n/a |
| ZHEJIANG ZHONGJIAN TECHNOLOGY 002779.SZ | China | $2.26B | +2% | +28% | -17% | 150.7× | n/a | n/a |
| China Railway Hi-tech Industry 600528.SS | China | $2.37B | -9% | -8% | 5% | n/a | -4.0% | +2.6% |
| Takeuchi Mfg.Co 6432.T | Japan | $2.21B | +4% | +12% | 16% | 10.6× | 4.0% | +14.9% |
| Cadeler A/S CADLR.OL | Norway | $2.41B | -14% | +53% | 36% | 9.4× | n/a | n/a |
| Sumec 600710.SS | China | $2.18B | -9% | +14% | 4% | 9.8× | -17.2% | +3.6% |
| CIMC Vehicles (Group) 301039.SZ | China | $2.07B | -18% | +6% | 4% | 16.6× | -4.3% | -5.2% |
| NFI NFI.TO | Canada | $2.06B | +13% | +15% | 2% | 11.0× | 12.0% | +9.3% |
| Anhui Heli 600761.SS | China | $2.06B | -14% | +13% | 7% | 10.9× | -6.7% | +9.2% |
| Shantui Construction Machinery 000680.SZ | China | $2.06B | -22% | +14% | 10% | 9.8× | -4.4% | +15.6% |
| Guangxi Liugong Machinery 000528.SZ | China | $2.58B | -13% | +10% | 6% | 10.5× | -3.5% | +5.0% |
| Garden Reach Shipbuilders & Engineers GRSE.NS | India | $2.60B | -31% | +40% | 10% | 26.5× | n/a | n/a |
| Mitsui ES 7003.T | Japan | $1.98B | -45% | +12% | 11% | 8.7× | 16.0% | -11.3% |
| First Tractor 601038.SS | China | $1.95B | +2% | +12% | 6% | 17.5× | -1.6% | +7.5% |
| Beijing Jiuzhouyigui Environmental Technology 688485.SS | China | $1.91B | +29% | +9% | 2% | n/a | n/a | n/a |
| Hd Ce 267270.KS | South Korea | $2.80B | -56% | +115% | 8% | 8.6× | -9.6% | +9.6% |
| Sany Heavy Equipment International 0631.HK | Hong Kong | $2.82B | -46% | +19% | 6% | 8.9× | 1.4% | +26.1% |
| Nisshinbo 3105.T | Japan | $1.87B | -9% | +2% | 7% | 11.5× | 3.6% | +1.9% |
| Craftsman Automation CRAFTSMAN.NS | India | $2.90B | +21% | +36% | 10% | 44.5× | n/a | n/a |
| Construcciones y Auxiliar de Ferrocarriles CAF.MC | Spain | $2.92B | +21% | +12% | 6% | 13.5× | 1.0% | +10.2% |
| Modec 6269.T | Japan | $3.03B | -46% | +17% | 9% | 7.7× | -21.3% | +18.6% |