Trinity Industries, Inc.

Trinity Industries, Inc.

TRNยทNYSE

$32.10

+0.56%
IndustrialsRailroads

Trinity Industries, Inc. provides rail transportation products and services under the TrinityRail name in North America. It operates in two segments, Railcar Leasing and Management Services Group, and Rail Products Group. The Railcar Leasing and Management Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet maintenance and management services. As of December 31, 2021, it had a fleet of 106,970 owned or leased railcars. This segment serves industrial shipper and railroad companies operating in agriculture, construction and metals, consumer products, energy, and refined products and chemicals markets. The Rail Products Group segment manufactures freight and tank railcars for transporting various liquids, gases, and dry cargo; and offers railcar maintenance and modification services. This segment serves railroads, leasing companies, and industrial shippers of products in the agriculture, construction and metals, consumer products, energy, and refined products and chemicals markets. It sells or leases products and services through its own sales personnel and independent sales representatives. Trinity Industries, Inc. was incorporated in 1933 and is headquartered in Dallas, Texas.

At a Glance

Live Snapshot
Market Cap$2.55B
EPS3.1300
P/E Ratio10.26
Earnings Date07/30/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is compressed (P/E 10.3).

Valuation inputs: P/E 10.3, earnings yield +9.7%, momentum +0.6%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +23.5%, ROIC +3.5%).

Profitability stack: net margin +11.7%, ROE +23.5%, ROIC +3.5%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +86.4%, momentum +0.6%, net margin +11.7%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Trinity Industries, Inc. Market vs Earnings Trajectory

TRN ยท NYSE

Loading price and EPS data...

Trinity Industries, Inc.

Trinity Industries, Inc. Fair Value Envelope

TRN ยท NYSE

Our analysis suggests that TRN has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $32.1, this represents a potential HIDDEN relative to our calculated worth for Trinity Industries, Inc..

Intrinsic Value
Current Price: $32.1
3Y+198.0%
5Y-261.0%
10Y+39.0%
3Y+9.0%
5Y+23.0%
10Y-53.0%
3Y+321.0%
5Y-272.0%
10Y-26.0%
3Y-2910.0%
5Y-45.0%
10Y-67.0%
3Y-56.0%
5Y+838.0%
10Y-378.0%
3Y-3.0%
5Y-3.0%
10Y-8.0%
Trinity Industries, Inc.

Trinity Industries, Inc. Profit Bridge

TRN ยท NYSE
Revenue2.16B
Cost of Goods Sold (1.58B)
Gross Profit572.70M
Operating Expenses (214.30M)
Operating Income358.40M
Interest Expense (274.20M)
Other Income/Expense17.00M
Pretax Income375.40M
Income Tax (90.90M)
Net Income253.10M
Net Income
253.10M

Profitability Analysis

Gross Margin

26.6%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

16.6%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

11.7%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

24.2%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

26.55%
Gross Profit Margin
22%
3Y+43.0%
5Y+10.0%
10Y+8.0%
16.62%
Operating Profit Margin
4%
3Y-2.0%
5Y-288.0%
10Y+3.0%
11.73%
Net Profit Margin
161%
3Y+286.0%
5Y-239.0%
10Y+57.0%
23.50%
Return on Equity
80%
3Y+296.0%
5Y-377.0%
10Y+168.0%
3.00%
Return on Assets
92%
3Y+336.0%
5Y-277.0%
10Y-20.0%
3.46%
Return on Invested Capital
-25%
3Y+8.0%
5Y-486.0%
10Y-37.0%
TRN

Trinity Industries, Inc. Cash Conversion Engine

TRN ยท NYSE
Net Income260.30M
Depreciation & Amortization305.10M
Stock-Based Compensation0.00
Change in Working Capital0.00
Others-205.70M
Capital Expenditures-794.90M
Free Cash Flow-435.20M

Cash Flow Quality Analysis

FCF Conversion Rate

-167.2%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

221.0%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-1887.2%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$0.00

Neutral working capital impact. Changes in current assets and liabilities balanced out.

Cash Flow Quality Insight

Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.

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Trinity Industries, Inc. Funding & Solvency Profile

TRN ยท NYSE
Cash & Cash Equivalents252.60M
Net Receivables354.30M
Inventory483.20M
Other Current Assets0.00
Total Current Assets1 B
Property, Plant & Equipment6.64B
Goodwill & Intangible Assets221.50M
Long-Term Investments0.00
Other Non-Current Assets376.10M
Total Non-Current Assets7 B
Total Assets
8.33B

Financial Health Analysis

Current Ratio

2.10x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

6.27x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

570 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

13% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

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Trinity Industries, Inc. Street Expectations Map

TRN ยท NYSE

Wall Street analysts project that TRN stock may experience modest gains over the coming 12 months. The consensus 1-year price target stands at 35.00, with estimates ranging from a low of 34.00 to a high of 36.00.

Lowest Target
34.00
5.92%
Consensus Target
35.00
9.03%
Highest Target
36.00
12.15%

The consensus 1-year price target stands at 35.00, with estimates ranging from a low of 34.00 to a high of 36.00.

Analyst Consensus Analysis

Upside Potential

+9.0%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

5.7% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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Trinity Industries, Inc. Insider Positioning

TRN ยท NYSE

During the last 12 months, there has been no insider trading activity reported for TRN.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

0.97%
Dividend Yield
-15%
3Y-10.0%
5Y+31.0%
10Y+15.0%
ย 

trn Dividend History

TRN
10Y CAGR +15%
Latest $0.31
Annual $1.53
5 year growth trend
Last Period: +0%