Trinity Industries Inc income statement
In fiscal 2025, Trinity Industries Inc reported revenue of $2.16bn, down 30.0% on the year before, operating income of $649m (a 30.1% margin) and net income of $253m, or $3.05 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,421 | 1,931 | 2,938 | 3,812 | 4,365 | 6,170 | 6,393 | 3,090 | 2,397 | 2,509 | 2,752 | 1,750 | 1,516 | 1,977 | 2,983 | 3,079 | 2,157 | 2,123 |
| Cost of revenue | 1,965 | 1,491 | 2,358 | 3,052 | 3,322 | 4,620 | 4,656 | 2,312 | 1,775 | 1,939 | 2,178 | 1,327 | 1,162 | 1,610 | 2,456 | 2,411 | 1,584 | 1,602 |
| Gross profit | 456 | 440 | 581 | 760 | 1,043 | 1,550 | 1,737 | 778 | 622 | 570 | 574 | 422 | 355 | 368 | 527 | 668 | 573 | 521 |
| Selling, general and administrative | 186 | 165 | 194 | 224 | 291 | 404 | 476 | 314 | 339 | 297 | 217 | 190 | 180 | 185 | 202 | 236 | 214 | 227 |
| Operating income | −31 | 294 | 427 | 575 | 773 | 1,251 | 1,439 | 479 | 368 | 315 | 397 | −155 | 257 | 334 | 417 | 492 | 649 | 732 |
| Interest expense | 123 | 182 | 185 | 195 | 187 | 193 | 195 | 182 | 184 | 179 | 222 | 219 | — | — | — | — | — | — |
| Net interest income | — | — | — | — | — | — | — | — | — | — | −215 | −211 | −191 | −209 | −266 | −274 | — | — |
| Income before tax | −147 | 107 | 239 | 386 | 591 | 1,064 | 1,252 | 310 | 195 | 152 | 181 | −525 | 55 | 127 | 149 | 222 | 375 | 464 |
| Income tax | −9 | 37 | 92 | 134 | 204 | 355 | 426 | 107 | −415 | 43 | 59 | −274 | 16 | 28 | 9 | 50 | 91 | 117 |
| Net income | −138 | 67 | 142 | 255 | 376 | 678 | 797 | 344 | 703 | 159 | 138 | −147 | 182 | 60 | 106 | 138 | 253 | 327 |
| Diluted EPS | −$0.91 | $0.42 | $0.89 | $1.59 | $2.38 | $4.19 | $5.08 | $2.25 | $4.52 | $1.07 | $1.07 | −$1.27 | $1.75 | $0.71 | $1.27 | $1.64 | $3.05 | $3.99 |
| Diluted shares (average) | 153m | 154m | 156m | 155m | 153m | 157m | 152m | 149m | 152m | 146m | 127m | 116m | 104m | 84m | 83m | 84m | 83m | 82m |
| EBITDA | 130 | 475 | 615 | 769 | 984 | 1,496 | 1,705 | 696 | 598 | 567 | 673 | 104 | 523 | 610 | 710 | 785 | 954 | 1,025 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 629 | 585 | 506 | 454 | 611 | 492 | 485 | 535 |
| Cost of revenue | 474 | 443 | 373 | 313 | 456 | 363 | 375 | 408 |
| Gross profit | 155 | 142 | 133 | 141 | 156 | 129 | 110 | 127 |
| Selling, general and administrative | 62 | 50 | 49 | 45 | 70 | 51 | 51 | 55 |
| Operating income | 112 | 100 | 95 | 119 | 335 | 101 | 200 | 96 |
| Net interest income | −67 | −66 | −68 | −70 | — | −65 | −64 | −66 |
| Income before tax | 48 | 36 | 26 | 48 | 265 | 35 | 134 | 30 |
| Income tax | 7 | 7 | 4 | 11 | 68 | 9 | 32 | 9 |
| Net income | 29 | 22 | 14 | 30 | 187 | 24 | 98 | 18 |
| Diluted EPS | $0.34 | $0.26 | $0.17 | $0.37 | $2.28 | $0.30 | $1.20 | $0.22 |
| EBITDA | 186 | 174 | 171 | 196 | 414 | 174 | 271 | 166 |
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