Trinity Industries vs Wabash National
Trinity Industries is the larger business, with $2.16bn of revenue in fiscal 2025 against $1.54bn for Wabash National (1.4 times as much). Wabash National grew faster (-20.8% against -30.0%). Wabash National kept more of each dollar of sales as profit: a net margin of 13.7% against 11.7%.
| Latest fiscal year | Trinity IndustriesTRN, 2025 | Wabash NationalWNC, 2025 |
|---|---|---|
| Revenue | $2.16bn | $1.54bn |
| Revenue growth | -30.0% | -20.8% |
| Net income | $253m | $211m |
| Operating margin | — | 19.9% |
| Net margin | 11.7% | 13.7% |
| Return on equity | 23.7% | 76.0% |
| Free cash flow | $314m | −$13.0m |
| Cash | $201m | $31.9m |
| Total debt | $5.47bn | $445m |
| Debt to equity | — | 121.1% |
| Dividend per share | $1.21 | $0.32 |
| Dividend yield | 4.0% | 2.8% |
| Share buybacks | $71.3m | $33.8m |
| Employees | — | — |
| Market value | $2.44bn | $465m |
| Price vs our value range | — | Within our value range |
| Moat score | 50 (Moderate) | 41 (Weak) |
| Insider trades, 12 months | 0 buys, 1 sales | 0 buys, 1 sales |