Trinity Industries (TRN) Financials

$25.97 +0.61 (+2.41%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$25.99 +0.02 (+0.08%)

As of 05/27/2025 04:31 PM Eastern

Annual Income Statements for Trinity Industries

This table shows Trinity Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	138	106	60	182	-147	138	790	1,439	344	797
Consolidated Net Income / (Loss)	157	127	73	182	-226	136	163	714	365	826
Net Income / (Loss) Continuing Operations	171	140	99	39	-251	122	109	610	203	826
Total Pre-Tax Income	222	149	127	55	-525	181	152	195	310	1,252
Total Operating Income	492	417	334	257	-155	397	630	737	479	1,439
Total Gross Profit	668	527	368	355	422	574	1,132	1,328	778	1,737
Total Revenue	3,079	2,983	1,977	1,516	1,750	2,752	5,009	4,878	3,090	6,393
Operating Revenue	3,079	2,983	1,977	1,516	1,750	2,752	5,009	4,878	3,090	6,393
Total Cost of Revenue	2,411	2,456	1,610	1,162	1,327	2,178	3,878	3,550	2,312	4,656
Operating Cost of Revenue	2,411	2,456	1,610	1,162	1,327	2,178	3,878	3,550	2,312	4,656
Total Operating Expenses	177	110	34	98	577	177	501	591	299	298
Selling, General & Admin Expense	236	202	185	180	190	217	593	679	314	476
Other Operating Expenses / (Income)	-57	-83	-128	-54	-17	-51	-50	-	-	-
Restructuring Charge	4.30	-2.20	1.00	-3.70	11	15	0.00	0.00	-	-
Other Special Charges / (Income)	-6.00	-6.80	-25	-24	-2.70	-3.90	-41	-87	-15	-179
Total Other Income / (Expense), net	-270	-268	-208	-202	-370	-216	152	195	-169	-187
Interest Expense	274	266	209	203	216	215	179	184	182	195
Other Income / (Expense), net	3.80	-2.50	1.60	1.50	-154	-1.10	-311	-368	7.70	5.60
Income Tax Expense	50	9.00	28	16	-274	59	43	-415	107	426
Net Income / (Loss) Discontinued Operations	-14	-13	-26	143	24	14	54	103	162	-
Net Income / (Loss) Attributable to Noncontrolling Interest	19	21	13	-0.20	-79	-1.50	3.80	11	21	30
Basic Earnings per Share	$1.69	$1.31	$0.73	$1.79	($1.27)	$1.09	$1.09	$4.62	$2.25	$5.14
Weighted Average Basic Shares Outstanding	81.90M	81.20M	81.90M	101.50M	115.90M	125.60M	144M	148.60M	148.40M	150.20M
Diluted Earnings per Share	$1.64	$1.27	$0.71	$1.75	($1.27)	$1.07	$1.07	$4.52	$2.25	$5.08
Weighted Average Diluted Shares Outstanding	84.20M	83.40M	84.20M	103.80M	115.90M	127.30M	146.40M	152M	148.60M	152.20M
Weighted Average Basic & Diluted Shares Outstanding	81.79M	163.72M	162.25M	166.68M	110.97M	125.60M	146.10M	152.10M	152.70M	155M
Cash Dividends to Common per Share	$1.14	$1.06	$0.95	$0.86	$0.78	$0.70	$0.52	$0.50	$0.44	$0.43

This table shows Trinity Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	22	29	31	54	24	63	22	17	4.40	31	26
Consolidated Net Income / (Loss)	27	38	36	56	27	68	24	21	14	36	26
Net Income / (Loss) Continuing Operations	29	41	41	58	32	73	26	24	17	43	30
Total Pre-Tax Income	36	48	56	75	43	81	32	31	5.30	53	38
Total Operating Income	100	112	122	142	115	149	100	99	69	114	93
Total Gross Profit	142	155	170	179	165	161	142	121	103	101	101
Total Revenue	585	629	799	841	810	798	821	722	642	591	497
Operating Revenue	585	629	799	841	810	798	821	722	642	591	497
Total Cost of Revenue	443	474	629	662	645	637	680	601	539	490	395
Operating Cost of Revenue	443	474	629	662	645	637	680	601	539	490	395
Total Operating Expenses	42	43	47	37	50	12	42	22	34	-0.70	8.60
Selling, General & Admin Expense	50	62	61	61	52	49	49	54	50	48	48
Other Operating Expenses / (Income)	-5.90	-21	-11	-23	-2.10	-36	-3.10	-30	-14	-49	-39
Other Special Charges / (Income)	-1.70	-1.80	-2.00	-1.50	-0.70	-	-4.40	-0.60	-1.80	-	-
Total Other Income / (Expense), net	-63	-65	-66	-67	-73	-68	-68	-68	-64	-61	-54
Interest Expense	66	67	67	70	69	68	69	67	62	59	55
Other Income / (Expense), net	2.70	2.40	1.40	3.40	-3.40	-0.50	0.90	-1.30	-1.60	-1.10	0.60
Income Tax Expense	7.40	6.70	16	17	11	7.10	6.00	7.40	-12	10	8.60
Net Income / (Loss) Discontinued Operations	-1.90	-3.00	-5.30	-1.70	-4.30	-5.30	-2.70	-2.30	-3.10	-6.60	-3.40
Net Income / (Loss) Attributable to Noncontrolling Interest	5.00	8.90	4.10	2.00	3.70	5.30	1.80	4.20	9.30	4.90	0.50
Basic Earnings per Share	$0.27	$0.36	$0.38	$0.66	$0.29	$0.78	$0.27	$0.21	$0.05	$0.38	$0.32
Weighted Average Basic Shares Outstanding	81.60M	81.90M	82.20M	82.40M	81.60M	81.20M	81.60M	81.20M	80.80M	81.90M	81.70M
Diluted Earnings per Share	$0.26	$0.34	$0.37	$0.65	$0.28	$0.76	$0.26	$0.20	$0.05	$0.37	$0.31
Weighted Average Diluted Shares Outstanding	83.80M	84.20M	84.10M	84.10M	83.50M	83.40M	83.50M	83.40M	83.20M	84.20M	83.30M
Weighted Average Basic & Diluted Shares Outstanding	81.61M	81.79M	82.16M	82.45M	81.84M	163.72M	81.87M	81.85M	81.15M	162.25M	81.40M

This table details how cash moves in and out of Trinity Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	139	-59	-8.10	74	-49	-73	-623	232	-240	-102
Net Cash From Operating Activities	574	296	-13	612	652	394	379	762	1,090	940
Net Cash From Continuing Operating Activities	588	309	9.20	616	622	365	274	610	838	940
Net Income / (Loss) Continuing Operations	171	140	93	171	-251	122	109	610	203	826
Consolidated Net Income / (Loss)	157	127	73	182	-226	136	163	714	365	826
Net Income / (Loss) Discontinued Operations	-14	-13	-20	11	24	14	54	103	162	-
Depreciation Expense	294	293	276	266	259	277	252	230	217	266
Amortization Expense	13	13	13	14	14	17	18	32	29	30
Non-Cash Adjustments To Reconcile Net Income	-37	-75	-127	-184	561	-20	-20	-65	11	-134
Changes in Operating Assets and Liabilities, net	146	-62	-246	350	39	-30	-85	-197	377	-49
Net Cash From Discontinued Operating Activities	-14	-13	-22	-3.80	30	28	105	152	253	-
Net Cash From Investing Activities	-215	-363	-261	276	-533	-993	-491	-473	-1,023	-511
Net Cash From Continuing Investing Activities	-215	-363	-258	-83	-527	-985	-412	-346	-943	-511
Purchase of Property, Plant & Equipment	-596	-710	-967	-571	-698	-1,210	-986	-630	-849	-1,030
Acquisitions	-3.90	-63	-96	-17	0.00	0.00	-	-	-	-46
Sale of Property, Plant & Equipment	381	402	795	495	171	20	248	369	49	523
Other Investing Activities, net	3.70	8.70	10	374	0.00	206	6.20	0.30	6.80	0.50
Net Cash From Discontinued Investing Activities	0.00	0.00	-2.70	-5.40	-6.20	-8.80	-78	-126	-80	-
Net Cash From Financing Activities	-220	8.20	265	-814	-168	527	-512	-57	-308	-530
Net Cash From Continuing Financing Activities	-220	8.20	265	-814	-168	527	-291	-57	-308	-530
Repayment of Debt	-2,051	-1,519	-1,579	-2,316	-1,443	-1,724	-891	-375	-165	-588
Repurchase of Common Equity	-21	0.00	-52	-833	-191	-225	-506	-79	-35	-115
Payment of Dividends	-102	-118	-99	-100	-86	-84	-88	-121	-93	-104
Issuance of Debt	1,970	1,653	2,001	2,444	1,561	2,568	1,207	534	0.00	291
Other Financing Activities, net	-17	-7.20	-5.70	-9.30	-9.50	-8.20	-12	-14	-15	-14
Cash Interest Paid	271	246	191	178	206	208	159	151	151	-
Cash Income Taxes Paid	55	42	19	-436	-63	-17	4.10	-80	-66	-

This table details how cash moves in and out of Trinity Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-139	42	-32	129	0.00	-32	-30	34	-31	56	-68
Net Cash From Operating Activities	77	202	79	242	52	88	73	36	99	55	5.30
Net Cash From Continuing Operating Activities	78	205	84	243	57	93	76	38	103	62	8.70
Net Income / (Loss) Continuing Operations	29	41	41	58	32	73	26	24	17	43	30
Consolidated Net Income / (Loss)	27	38	36	56	27	68	24	21	14	36	26
Net Income / (Loss) Discontinued Operations	-1.90	-3.00	-5.30	-1.70	-4.30	-5.30	-2.70	-2.30	-3.10	-6.60	-3.40
Depreciation Expense	74	74	73	74	73	73	73	73	74	70	70
Amortization Expense	3.40	3.60	3.10	3.30	3.40	3.60	3.40	3.10	2.60	3.00	3.00
Non-Cash Adjustments To Reconcile Net Income	-2.70	-11	-11	-17	2.40	-35	-2.10	-27	-11	-55	-35
Changes in Operating Assets and Liabilities, net	-26	98	-22	125	-54	-23	-25	-35	21	0.80	-59
Net Cash From Discontinued Operating Activities	-1.90	-3.00	-5.30	-1.70	-4.30	-5.30	-2.70	-2.30	-3.10	-6.60	-3.40
Net Cash From Investing Activities	-92	-109	-49	68	-124	-47	-24	-89	-203	-72	12
Net Cash From Continuing Investing Activities	-92	-109	-49	68	-124	-47	-24	-89	-203	-72	12
Purchase of Property, Plant & Equipment	-129	-223	-124	-97	-152	-197	-92	-222	-199	-250	-284
Sale of Property, Plant & Equipment	4.10	366	7.50	4.10	3.90	389	4.60	3.50	4.90	762	9.40
Other Investing Activities, net	34	-252	69	163	24	-242	64	129	58	-512	302
Net Cash From Financing Activities	-124	-50	-61	-181	72	-73	-79	87	72	72	-86
Net Cash From Continuing Financing Activities	-124	-50	-61	-181	72	-73	-79	87	72	72	-86
Repayment of Debt	-77	-220	-71	-956	-804	-240	-244	-886	-150	-227	-518
Repurchase of Common Equity	-8.20	-14	-6.00	-	-	-	-	-	-	-15	-14
Payment of Dividends	-30	-25	-25	-27	-26	-41	-25	-28	-24	-22	-23
Issuance of Debt	0.00	208	40	812	910	208	190	1,008	246	336	470
Other Financing Activities, net	-8.30	-0.30	0.40	-8.80	-8.30	-0.30	-0.10	-6.50	-0.30	-0.10	-0.10

This table presents Trinity Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	8,832	8,907	8,724	7,001	8,702	8,701	7,989	9,543	9,125	8,886
Total Current Assets	1,230	1,283	1,247	0.00	678	971	1,152	3,259	1,786	2,295
Cash & Equivalents	228	106	80	-	132	166	179	779	563	786
Restricted Cash	146	129	215	-	96	111	172	195	178	196
Accounts Receivable	379	364	324	-	164	260	277	204	379	370
Inventories, net	476	684	629	-	285	433	525	403	666	943
Plant, Property, & Equipment, net	6,988	7,005	6,887	6,847	6,969	7,111	6,334	5,558	5,967	5,348
Plant, Property & Equipment, gross	9,751	9,540	9,273	-	9,087	9,273	8,253	7,331	7,981	7,145
Accumulated Depreciation	2,763	2,535	2,386	-	2,118	2,162	1,919	1,773	2,014	1,797
Total Noncurrent Assets	614	619	590	154	1,055	620	503	726	1,372	1,243
Goodwill	222	222	196	154	147	209	209	209	754	754
Noncurrent Deferred & Refundable Income Taxes	2.40	5.20	7.80	-	446	15	40	-	102	95
Other Noncurrent Operating Assets	391	392	387	-	284	396	254	517	516	394
Total Liabilities & Shareholders' Equity	8,832	8,907	8,724	8,236	8,702	8,701	7,989	9,543	9,125	8,886
Total Liabilities	7,525	7,631	7,455	6,939	6,686	6,323	5,427	4,685	4,814	4,837
Total Current Liabilities	605	608	549	0.00	456	546	580	441	582	746
Accounts Payable	252	305	288	-	146	204	212	120	156	217
Accrued Expenses	353	302	261	-	310	342	368	322	426	530
Total Noncurrent Liabilities	6,920	7,023	6,906	0.00	6,230	5,777	4,847	4,244	4,232	4,091
Long-Term Debt	5,691	5,754	5,608	-	5,017	4,882	4,029	3,242	3,057	3,195
Noncurrent Deferred & Payable Income Tax Liabilities	1,076	1,104	1,135	-	1,048	798	743	728	1,073	752
Other Noncurrent Operating Liabilities	154	166	164	-	147	96	57	253	79	116
Total Equity & Noncontrolling Interests	1,307	1,276	1,270	1,297	2,016	2,379	2,562	4,858	4,311	4,049
Total Preferred & Common Equity	1,059	1,037	1,012	1,030	1,739	2,030	2,211	4,501	3,919	3,654
Preferred Stock	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,059	1,037	1,012	1,030	1,739	2,030	2,211	4,501	3,919	3,654
Common Stock	9.60	16	0.80	0.80	1.10	1.20	2.50	484	536	550
Retained Earnings	1,054	1,011	993	1,047	1,769	2,183	2,326	4,123	3,497	3,220
Treasury Stock	-0.60	-0.60	-0.70	-	-0.80	-0.90	-1.00	-1.60	-1.50	-1.00
Accumulated Other Comprehensive Income / (Loss)	-4.20	11	20	-17	-31	-153	-117	-105	-114	-115
Noncontrolling Interest	248	238	257	267	277	349	351	357	393	395

This table presents Trinity Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	8,665	8,843	8,958	9,080	8,973	9,022	8,839	8,599
Total Current Assets	1,054	1,295	1,379	1,362	1,339	1,334	1,229	1,205
Cash & Equivalents	95	222	257	119	114	92	82	59
Restricted Cash	140	110	107	116	153	205	181	180
Accounts Receivable	369	414	398	484	393	416	333	280
Inventories, net	450	549	617	643	679	622	633	687
Plant, Property, & Equipment, net	7,015	6,929	6,942	7,060	6,991	7,029	6,977	6,894
Plant, Property & Equipment, gross	9,848	9,643	9,593	9,658	9,482	9,462	9,416	9,245
Accumulated Depreciation	2,832	2,714	2,651	2,599	2,491	2,432	2,439	2,351
Total Noncurrent Assets	596	619	637	658	643	658	634	500
Goodwill	222	222	222	222	223	222	222	160
Noncurrent Deferred & Refundable Income Taxes	2.50	5.00	4.60	4.90	7.90	15	10	11
Other Noncurrent Operating Assets	372	393	411	432	413	421	401	329
Total Liabilities & Shareholders' Equity	8,665	8,843	8,958	9,080	8,973	9,022	8,839	8,599
Total Liabilities	7,365	7,544	7,654	7,791	7,720	7,773	7,589	7,338
Total Current Liabilities	537	596	669	664	654	641	588	576
Accounts Payable	255	270	315	336	326	331	315	287
Accrued Expenses	282	326	354	328	328	311	274	289
Total Noncurrent Liabilities	6,828	6,948	6,985	7,127	7,066	7,132	7,001	6,763
Long-Term Debt	5,616	5,700	5,727	5,867	5,782	5,833	5,708	5,494
Noncurrent Deferred & Payable Income Tax Liabilities	1,070	1,097	1,104	1,104	1,122	1,139	1,133	1,129
Other Noncurrent Operating Liabilities	142	152	153	156	162	160	160	140
Total Equity & Noncontrolling Interests	1,300	1,299	1,304	1,289	1,253	1,249	1,250	1,261
Total Preferred & Common Equity	1,053	1,057	1,066	1,049	1,001	995	994	1,006
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,055	1,059	1,067	1,051	1,002	996	996	1,007
Common Stock	15	24	17	21	13	6.70	7.40	6.90
Retained Earnings	1,052	1,050	1,042	1,011	971	971	976	998
Treasury Stock	-9.10	-7.40	-0.60	-1.00	-1.00	-0.70	-1.50	-15
Accumulated Other Comprehensive Income / (Loss)	-4.20	-9.60	7.40	18	18	18	13	16
Other Equity Adjustments	1.50	1.50	1.50	1.50	1.50	1.50	1.50	1.50
Noncontrolling Interest	247	241	239	239	253	254	256	255

This table displays calculated financial ratios and metrics derived from Trinity Industries' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.21%	50.88%	30.43%	-13.36%	-36.43%	-45.05%	2.68%	57.88%	-51.67%	3.61%
EBITDA Growth	11.40%	15.23%	16.27%	1,577.20%	-105.28%	16.96%	-6.58%	-13.91%	-57.93%	13.72%
EBIT Growth	19.49%	23.51%	29.93%	183.70%	-177.99%	24.04%	-13.55%	-24.17%	-66.31%	15.04%
NOPAT Growth	-3.06%	50.05%	42.82%	268.94%	-140.38%	-40.85%	-80.30%	632.78%	-66.93%	13.84%
Net Income Growth	24.09%	73.66%	-59.90%	180.37%	-266.20%	-16.55%	-77.14%	95.67%	-55.85%	16.45%
EPS Growth	29.13%	78.87%	-59.43%	237.80%	-218.69%	0.00%	-76.33%	95.67%	-55.85%	21.24%
Operating Cash Flow Growth	94.11%	2,409.38%	-102.09%	-6.12%	65.57%	3.82%	-50.22%	-30.14%	16.02%	14.71%
Free Cash Flow Firm Growth	205.76%	-73.49%	491.16%	-175.38%	150.40%	-46.22%	-109.04%	7,569.36%	-109.53%	1,051.84%
Invested Capital Growth	-2.52%	3.22%	-5.97%	5.37%	-4.85%	11.59%	13.94%	-17.40%	5.73%	7.96%
Revenue Q/Q Growth	-5.19%	7.44%	29.44%	0.00%	0.00%	0.00%	0.00%	106.56%	-38.59%	-1.76%
EBITDA Q/Q Growth	-4.01%	5.77%	-1.17%	107.61%	-112.94%	136.25%	172.69%	11.91%	-41.45%	4.54%
EBIT Q/Q Growth	-6.39%	9.45%	-3.48%	1,833.56%	0.00%	0.00%	0.00%	21.10%	-48.42%	5.97%
NOPAT Q/Q Growth	-10.19%	13.97%	12.09%	34.36%	0.00%	0.00%	0.00%	1,044.59%	-48.12%	5.98%
Net Income Q/Q Growth	-16.17%	33.69%	-58.70%	314.89%	0.00%	0.00%	0.00%	187.97%	-26.25%	7.51%
EPS Q/Q Growth	-20.39%	44.32%	0.00%	0.00%	0.00%	0.00%	0.00%	187.97%	-26.25%	3.67%
Operating Cash Flow Q/Q Growth	24.71%	12.44%	-110.98%	-1.69%	-5.03%	76.34%	-36.10%	-3.14%	-1.03%	-15.87%
Free Cash Flow Firm Q/Q Growth	4.66%	98.41%	369.61%	-133.72%	87.91%	-204.30%	59.45%	1,293.19%	-119.00%	-24.99%
Invested Capital Q/Q Growth	-0.63%	0.38%	1.03%	8.92%	-2.38%	0.78%	-15.06%	-16.74%	0.08%	0.11%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.70%	17.67%	18.60%	23.38%	24.14%	20.85%	22.59%	27.22%	25.17%	27.16%
EBITDA Margin	26.06%	24.15%	31.62%	35.47%	-2.08%	25.03%	11.76%	12.92%	23.70%	27.23%
Operating Margin	15.96%	13.98%	16.89%	16.94%	-8.84%	14.42%	12.58%	15.10%	15.50%	22.51%
EBIT Margin	16.09%	13.89%	16.97%	17.04%	-17.64%	14.38%	6.37%	7.56%	15.75%	22.60%
Profit (Net Income) Margin	5.10%	4.24%	3.69%	11.99%	-12.93%	4.94%	3.26%	14.63%	11.80%	12.92%
Tax Burden Percent	70.83%	84.97%	57.63%	329.35%	43.12%	75.11%	107.59%	365.20%	117.65%	65.97%
Interest Burden Percent	44.78%	35.95%	37.69%	21.37%	169.99%	45.79%	47.52%	52.95%	63.71%	86.67%
Effective Tax Rate	22.72%	6.04%	21.82%	28.80%	0.00%	32.45%	28.10%	-212.28%	34.45%	34.03%
Return on Invested Capital (ROIC)	5.66%	5.86%	3.84%	2.68%	-1.59%	4.05%	7.71%	37.89%	4.85%	15.67%
ROIC Less NNEP Spread (ROIC-NNEP)	1.55%	0.96%	0.43%	2.66%	-4.14%	0.87%	-5.68%	-68.85%	7.07%	10.39%
Return on Net Nonoperating Assets (RNNOA)	6.50%	4.09%	1.84%	8.30%	-8.71%	1.46%	-3.32%	-22.32%	3.87%	6.51%
Return on Equity (ROE)	12.17%	9.95%	5.68%	10.98%	-10.29%	5.51%	4.40%	15.57%	8.73%	22.19%
Cash Return on Invested Capital (CROIC)	8.21%	2.69%	10.00%	-2.55%	3.38%	-6.90%	-5.32%	56.95%	-0.72%	8.02%
Operating Return on Assets (OROA)	5.58%	4.70%	4.27%	3.29%	-3.55%	4.74%	3.64%	3.95%	5.40%	16.43%
Return on Assets (ROA)	1.77%	1.44%	0.93%	2.32%	-2.60%	1.63%	1.86%	7.65%	4.05%	9.40%
Return on Common Equity (ROCE)	9.87%	8.01%	4.52%	9.17%	-8.83%	4.73%	3.98%	14.29%	7.90%	19.81%
Return on Equity Simple (ROE_SIMPLE)	14.84%	12.21%	7.20%	17.65%	-13.01%	6.70%	7.38%	15.85%	9.31%	22.61%
Net Operating Profit after Tax (NOPAT)	380	392	261	183	-108	268	453	2,300	314	949
NOPAT Margin	12.33%	13.13%	13.21%	12.06%	-6.19%	9.74%	9.05%	47.15%	10.16%	14.85%
Net Nonoperating Expense Percent (NNEP)	4.11%	4.90%	3.42%	0.02%	2.56%	3.18%	13.39%	106.74%	-2.22%	5.28%
Return On Investment Capital (ROIC_SIMPLE)	5.43%	5.57%	3.80%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	78.30%	82.33%	81.40%	76.62%	75.86%	79.15%	77.41%	72.78%	74.83%	72.84%
SG&A Expenses to Revenue	7.65%	6.77%	9.38%	11.85%	10.84%	7.88%	11.84%	13.91%	10.16%	7.45%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	5.74%	3.69%	1.70%	6.44%	32.97%	6.44%	10.01%	12.12%	9.67%	4.66%
Earnings before Interest and Taxes (EBIT)	495	415	336	258	-309	396	319	369	487	1,445
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	803	720	625	538	-36	689	589	631	732	1,741
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.70	2.00	2.18	2.56	1.51	1.12	1.49	1.01	0.85	0.77
Price to Tangible Book Value (P/TBV)	3.42	2.55	2.70	3.01	1.65	1.25	1.65	1.06	1.05	0.97
Price to Revenue (P/Rev)	0.93	0.70	1.11	1.74	1.50	0.83	0.66	0.93	1.08	0.44
Price to Earnings (P/E)	20.67	19.60	36.67	14.50	0.00	16.55	4.18	3.16	9.67	3.55
Dividend Yield	3.22%	4.10%	3.40%	3.10%	3.31%	3.45%	0.00%	1.60%	2.02%	2.27%
Earnings Yield	4.84%	5.10%	2.73%	6.90%	0.00%	6.04%	23.93%	31.67%	10.34%	28.18%
Enterprise Value to Invested Capital (EV/IC)	1.27	1.15	1.18	0.42	1.16	1.04	1.17	1.31	0.91	0.86
Enterprise Value to Revenue (EV/Rev)	2.74	2.63	3.93	1.92	4.39	2.63	1.46	1.47	1.95	0.85
Enterprise Value to EBITDA (EV/EBITDA)	10.50	10.88	12.43	5.40	0.00	10.49	12.44	11.37	8.23	3.12
Enterprise Value to EBIT (EV/EBIT)	17.01	18.90	23.16	11.25	0.00	18.27	22.97	19.43	12.39	3.76
Enterprise Value to NOPAT (EV/NOPAT)	22.18	20.00	29.77	15.89	0.00	26.97	16.17	3.12	19.21	5.73
Enterprise Value to Operating Cash Flow (EV/OCF)	14.68	26.51	0.00	4.75	11.80	18.37	19.33	9.41	5.53	5.78
Enterprise Value to Free Cash Flow (EV/FCFF)	15.30	43.50	11.44	0.00	33.38	0.00	0.00	2.07	0.00	11.19
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.35	4.51	4.42	0.00	2.49	2.05	1.57	0.67	0.71	0.79
Long-Term Debt to Equity	4.35	4.51	4.42	0.00	2.49	2.05	1.57	0.67	0.71	0.79
Financial Leverage	4.20	4.26	4.29	3.12	2.10	1.68	0.58	0.32	0.55	0.63
Leverage Ratio	6.87	6.93	6.13	4.74	3.96	3.38	2.36	2.04	2.15	2.36
Compound Leverage Factor	3.08	2.49	2.31	1.01	6.73	1.55	1.12	1.08	1.37	2.05
Debt to Total Capital	81.32%	81.86%	81.54%	0.00%	71.34%	67.24%	61.13%	40.02%	41.49%	44.11%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	81.32%	81.86%	81.54%	0.00%	71.34%	67.24%	61.13%	40.02%	41.49%	44.11%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.55%	3.39%	3.74%	20.59%	3.94%	4.80%	5.33%	4.41%	5.33%	5.45%
Common Equity to Total Capital	15.13%	14.75%	14.72%	79.46%	24.72%	27.96%	33.54%	55.57%	53.18%	50.44%
Debt to EBITDA	7.09	7.99	8.97	0.00	-137.83	7.09	6.84	5.14	4.17	1.84
Net Debt to EBITDA	6.62	7.66	8.50	0.00	-131.55	6.68	6.25	3.60	3.16	1.27
Long-Term Debt to EBITDA	7.09	7.99	8.97	0.00	-137.83	7.09	6.84	5.14	4.17	1.84
Debt to NOPAT	14.98	14.69	21.47	0.00	-46.36	18.21	8.89	1.41	9.74	3.37
Net Debt to NOPAT	14.00	14.09	20.35	0.00	-44.25	17.18	8.12	0.99	7.37	2.33
Long-Term Debt to NOPAT	14.98	14.69	21.47	0.00	-46.36	18.21	8.89	1.41	9.74	3.37
Altman Z-Score	1.01	0.90	0.79	0.78	0.63	1.09	1.62	2.18	1.62	2.32
Noncontrolling Interest Sharing Ratio	18.84%	19.47%	20.40%	16.41%	14.24%	14.17%	9.54%	8.17%	9.42%	10.69%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.03	2.11	2.27	0.00	1.49	1.78	1.99	7.38	3.07	3.07
Quick Ratio	1.00	0.77	0.73	0.00	0.65	0.78	0.79	2.23	1.62	1.55
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	551	180	679	-174	230	-457	-313	3,457	-46	486
Operating Cash Flow to CapEx	267.63%	95.85%	-7.44%	805.00%	123.73%	33.07%	51.37%	290.91%	136.29%	185.35%
Free Cash Flow to Firm to Interest Expense	2.01	0.68	3.25	-0.86	1.07	-2.13	-1.74	18.79	-0.25	2.49
Operating Cash Flow to Interest Expense	2.10	1.11	-0.06	3.01	3.02	1.84	2.11	4.14	5.99	4.83
Operating Cash Flow Less CapEx to Interest Expense	1.31	-0.05	-0.88	2.64	0.58	-3.71	-2.00	2.72	1.60	2.22
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.35	0.34	0.25	0.19	0.20	0.33	0.57	0.52	0.34	0.73
Accounts Receivable Turnover	8.29	8.69	0.00	0.00	8.24	10.26	20.83	16.73	8.25	16.49
Inventory Turnover	4.16	3.74	0.00	0.00	3.69	4.55	8.36	6.65	2.87	4.63
Fixed Asset Turnover	0.44	0.43	0.29	0.22	0.25	0.41	0.84	0.85	0.55	1.25
Accounts Payable Turnover	8.66	8.29	0.00	0.00	7.59	10.47	23.39	25.76	12.40	18.18
Days Sales Outstanding (DSO)	44.01	42.03	0.00	0.00	44.28	35.59	17.52	21.81	44.22	22.13
Days Inventory Outstanding (DIO)	87.84	97.61	0.00	0.00	98.80	80.27	43.65	54.93	127.00	78.84
Days Payable Outstanding (DPO)	42.16	44.05	0.00	0.00	48.12	34.85	15.61	14.17	29.44	20.08
Cash Conversion Cycle (CCC)	89.69	95.59	0.00	0.00	94.95	81.00	45.57	62.58	141.78	80.90
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,624	6,795	6,583	7,001	6,645	6,983	6,258	5,492	6,650	6,289
Invested Capital Turnover	0.46	0.45	0.29	0.22	0.26	0.42	0.85	0.80	0.48	1.06
Increase / (Decrease) in Invested Capital	-171	212	-418	357	-339	725	766	-1,157	360	464
Enterprise Value (EV)	8,426	7,836	7,774	2,906	7,689	7,230	7,329	7,169	6,031	5,435
Market Capitalization	2,861	2,078	2,204	2,639	2,623	2,277	3,299	4,544	3,323	2,827
Book Value per Share	$12.89	$12.67	$12.44	$10.58	$15.23	$16.55	$15.11	$29.65	$25.74	$23.90
Tangible Book Value per Share	$10.19	$9.96	$10.03	$9.00	$13.94	$14.85	$13.68	$28.28	$20.78	$18.97
Total Capital	6,998	7,030	6,877	1,297	7,033	7,261	6,591	8,100	7,368	7,244
Total Debt	5,691	5,754	5,608	0.00	5,017	4,882	4,029	3,242	3,057	3,195
Total Long-Term Debt	5,691	5,754	5,608	0.00	5,017	4,882	4,029	3,242	3,057	3,195
Net Debt	5,317	5,519	5,313	0.00	4,789	4,604	3,678	2,268	2,315	2,214
Capital Expenditures (CapEx)	214	308	172	76	527	1,190	738	262	800	507
Debt-free, Cash-free Net Working Capital (DFCFNWC)	251	440	404	0.00	-6.50	148	221	1,844	462	567
Debt-free Net Working Capital (DFNWC)	625	675	699	0.00	222	425	572	2,818	1,204	1,548
Net Working Capital (NWC)	625	675	699	0.00	222	425	572	2,818	1,204	1,548
Net Nonoperating Expense (NNE)	223	265	188	1.03	118	132	290	1,587	-51	123
Net Nonoperating Obligations (NNO)	5,317	5,519	5,313	5,704	4,629	4,604	3,696	634	2,339	2,241
Total Depreciation and Amortization (D&A)	307	306	290	279	272	293	270	262	246	297
Debt-free, Cash-free Net Working Capital to Revenue	8.14%	14.76%	20.45%	0.00%	-0.37%	5.36%	4.41%	37.80%	14.96%	8.86%
Debt-free Net Working Capital to Revenue	20.30%	22.64%	35.34%	0.00%	12.68%	15.44%	11.41%	57.76%	38.96%	24.22%
Net Working Capital to Revenue	20.30%	22.64%	35.34%	0.00%	12.68%	15.44%	11.41%	57.76%	38.96%	24.22%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.69	$1.31	$0.00	$1.79	($1.27)	$0.00	$1.09	$3.42	$1.67	$3.81
Adjusted Weighted Average Basic Shares Outstanding	81.90M	81.20M	0.00	101.50M	115.90M	125.60M	144M	200.59M	200.32M	202.75M
Adjusted Diluted Earnings per Share	$1.64	$1.27	$0.00	$1.75	($1.27)	$0.00	$1.07	$3.35	$1.67	$3.76
Adjusted Weighted Average Diluted Shares Outstanding	84.20M	83.40M	0.00	103.80M	115.90M	125.60M	146.40M	205.18M	200.59M	205.45M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	81.79M	163.72M	0.00	166.68M	110.97M	125.60M	133.34M	203.59M	205.44M	206.34M
Normalized Net Operating Profit after Tax (NOPAT)	379	383	242	163	175	275	423	455	304	831
Normalized NOPAT Margin	12.29%	12.85%	12.25%	10.75%	10.00%	10.00%	8.45%	9.32%	9.84%	13.00%
Pre Tax Income Margin	7.20%	4.99%	6.40%	3.64%	-29.98%	6.58%	3.03%	4.01%	10.03%	19.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.81	1.56	1.61	1.27	-1.43	1.84	1.78	2.01	2.68	7.42
NOPAT to Interest Expense	1.39	1.48	1.25	0.90	-0.50	1.25	2.53	12.50	1.73	4.88
EBIT Less CapEx to Interest Expense	1.03	0.40	0.78	0.90	-3.87	-3.70	-2.34	0.58	-1.72	4.82
NOPAT Less CapEx to Interest Expense	0.60	0.31	0.43	0.53	-2.94	-4.30	-1.59	11.08	-2.67	2.27
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	64.99%	93.52%	136.08%	54.84%	-37.84%	61.94%	54.14%	17.00%	25.53%	12.60%
Augmented Payout Ratio	78.17%	93.52%	207.13%	513.26%	-122.41%	227.04%	364.44%	28.13%	35.04%	26.53%

This table displays calculated financial ratios and metrics derived from Trinity Industries' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-27.69%	-21.12%	-2.74%	16.47%	26.16%	34.96%	65.38%	73.32%	35.75%	317.81%	18.29%
EBITDA Growth	-4.45%	-14.88%	12.56%	28.04%	30.97%	21.15%	6.92%	18.40%	13.74%	-3.83%	9.78%
EBIT Growth	-8.32%	-22.81%	22.45%	48.57%	65.88%	31.85%	8.36%	33.06%	19.50%	-9.72%	18.10%
NOPAT Growth	-7.03%	-29.05%	8.53%	45.46%	-60.90%	47.93%	13.50%	39.53%	420.06%	45.39%	21.69%
Net Income Growth	-1.09%	-44.49%	50.42%	166.04%	100.00%	88.12%	-10.27%	149.41%	621.05%	-74.11%	-26.74%
EPS Growth	-7.14%	-55.26%	42.31%	225.00%	460.00%	105.41%	-16.13%	400.00%	600.00%	0.00%	-6.06%
Operating Cash Flow Growth	46.55%	129.35%	7.83%	580.28%	-47.48%	59.24%	1,273.58%	137.85%	384.88%	-70.10%	-94.27%
Free Cash Flow Firm Growth	328.14%	450.92%	211.92%	202.99%	54.08%	-114.93%	-944.24%	-186.39%	-142.43%	273.74%	-103.75%
Invested Capital Growth	-3.46%	-2.52%	-1.53%	-1.74%	3.37%	3.22%	3.88%	4.56%	8.48%	-5.97%	1.37%
Revenue Q/Q Growth	-6.99%	-21.21%	-5.06%	3.93%	1.47%	-2.85%	13.69%	12.58%	8.54%	19.05%	19.15%
EBITDA Q/Q Growth	-5.95%	-4.15%	-10.12%	17.92%	-16.22%	26.75%	2.25%	20.63%	-22.50%	11.86%	13.22%
EBIT Q/Q Growth	-10.40%	-7.59%	-14.80%	29.96%	-24.56%	46.59%	3.37%	45.10%	-40.04%	20.47%	26.94%
NOPAT Q/Q Growth	-17.35%	8.65%	-19.24%	28.19%	-36.92%	66.18%	8.25%	-65.54%	138.63%	27.50%	33.09%
Net Income Q/Q Growth	-28.31%	6.48%	-37.06%	105.84%	-59.77%	188.56%	11.32%	54.74%	-62.15%	37.64%	209.41%
EPS Q/Q Growth	-23.53%	-8.11%	-43.08%	132.14%	-63.16%	192.31%	30.00%	300.00%	-86.49%	19.35%	675.00%
Operating Cash Flow Q/Q Growth	-62.05%	156.82%	-67.49%	362.64%	-40.61%	20.74%	105.07%	-64.29%	80.07%	941.51%	105.65%
Free Cash Flow Firm Q/Q Growth	19.47%	39.23%	-15.65%	262.60%	-83.77%	55.60%	22.38%	27.50%	-159.74%	3,206.01%	-106.42%
Invested Capital Q/Q Growth	0.86%	-0.63%	-0.02%	-3.66%	1.85%	0.38%	-0.23%	1.34%	1.70%	1.03%	0.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.29%	24.63%	21.22%	21.27%	20.34%	20.17%	17.27%	16.78%	16.08%	17.08%	20.40%
EBITDA Margin	30.78%	30.44%	25.03%	26.43%	23.30%	28.21%	21.62%	24.04%	22.44%	31.43%	33.45%
Operating Margin	17.05%	17.79%	15.32%	16.86%	14.23%	18.64%	12.20%	13.72%	10.75%	19.20%	18.67%
EBIT Margin	17.51%	18.18%	15.50%	17.27%	13.81%	18.57%	12.31%	13.54%	10.50%	19.01%	18.79%
Profit (Net Income) Margin	4.63%	6.01%	4.44%	6.70%	3.38%	8.53%	2.87%	2.93%	2.14%	6.12%	5.30%
Tax Burden Percent	74.45%	79.58%	62.94%	75.00%	64.17%	84.60%	73.07%	68.61%	258.49%	68.30%	68.67%
Interest Burden Percent	35.51%	41.52%	45.56%	51.76%	38.19%	54.32%	31.95%	31.60%	7.86%	47.15%	41.05%
Effective Tax Rate	20.33%	14.11%	27.66%	22.74%	25.76%	8.82%	18.58%	23.95%	-216.98%	19.25%	22.45%
Return on Invested Capital (ROIC)	5.70%	7.02%	5.36%	6.34%	4.89%	7.58%	4.15%	3.85%	11.37%	4.51%	3.42%
ROIC Less NNEP Spread (ROIC-NNEP)	4.75%	5.94%	4.38%	5.36%	3.84%	6.33%	3.08%	2.85%	7.40%	3.51%	2.51%
Return on Net Nonoperating Assets (RNNOA)	20.21%	24.91%	18.70%	22.88%	16.75%	26.95%	13.17%	12.24%	29.99%	15.05%	8.87%
Return on Equity (ROE)	25.91%	31.92%	24.06%	29.21%	21.64%	34.53%	17.33%	16.10%	41.36%	19.57%	12.29%
Cash Return on Invested Capital (CROIC)	9.00%	8.21%	7.83%	7.93%	2.34%	2.69%	1.37%	0.53%	-3.32%	10.00%	2.24%
Operating Return on Assets (OROA)	5.63%	6.31%	5.65%	6.28%	4.86%	6.29%	3.89%	3.76%	2.63%	4.78%	3.36%
Return on Assets (ROA)	1.49%	2.09%	1.62%	2.44%	1.19%	2.89%	0.91%	0.82%	0.54%	1.54%	0.95%
Return on Common Equity (ROCE)	21.08%	25.91%	19.43%	23.61%	17.45%	27.81%	13.85%	12.82%	32.94%	15.58%	10.06%
Return on Equity Simple (ROE_SIMPLE)	14.89%	0.00%	17.72%	16.47%	13.37%	0.00%	9.46%	9.79%	8.52%	0.00%	17.55%
Net Operating Profit after Tax (NOPAT)	80	96	89	110	86	136	82	75	219	92	72
NOPAT Margin	13.58%	15.28%	11.08%	13.03%	10.56%	16.99%	9.93%	10.43%	34.08%	15.50%	14.48%
Net Nonoperating Expense Percent (NNEP)	0.95%	1.08%	0.97%	0.98%	1.05%	1.25%	1.08%	1.01%	3.97%	1.01%	0.90%
Return On Investment Capital (ROIC_SIMPLE)	1.15%	1.37%	-	-	-	1.93%	-	-	-	1.33%	-
Cost of Revenue to Revenue	75.71%	75.37%	78.78%	78.73%	79.66%	79.83%	82.73%	83.22%	83.92%	82.92%	79.60%
SG&A Expenses to Revenue	8.54%	9.79%	7.57%	7.29%	6.46%	6.09%	5.98%	7.52%	7.78%	8.07%	9.67%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.24%	6.83%	5.90%	4.41%	6.11%	1.53%	5.07%	3.06%	5.33%	-0.12%	1.73%
Earnings before Interest and Taxes (EBIT)	103	114	124	145	112	148	101	98	67	112	93
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	180	192	200	222	189	225	178	174	144	186	166
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.15	2.70	2.69	2.27	2.13	2.00	1.89	1.99	1.86	2.18	1.60
Price to Tangible Book Value (P/TBV)	2.72	3.42	3.40	2.87	2.70	2.55	2.43	2.56	2.40	2.70	1.90
Price to Revenue (P/Rev)	0.79	0.93	0.88	0.74	0.71	0.70	0.68	0.81	0.86	1.11	1.06
Price to Earnings (P/E)	16.58	20.67	16.54	14.91	17.84	19.60	25.45	25.22	28.45	36.67	9.90
Dividend Yield	4.11%	3.22%	3.18%	3.64%	3.88%	4.10%	4.36%	4.02%	4.15%	3.40%	4.58%
Earnings Yield	6.03%	4.84%	6.04%	6.71%	5.60%	5.10%	3.93%	3.97%	3.51%	2.73%	10.10%
Enterprise Value to Invested Capital (EV/IC)	1.18	1.27	1.27	1.20	1.17	1.15	1.13	1.15	1.13	1.18	1.09
Enterprise Value to Revenue (EV/Rev)	2.77	2.74	2.60	2.45	2.57	2.63	2.76	3.17	3.52	3.93	4.66
Enterprise Value to EBITDA (EV/EBITDA)	9.94	10.50	10.12	9.86	10.60	10.88	11.25	11.60	11.76	12.43	11.26
Enterprise Value to EBIT (EV/EBIT)	16.25	17.01	15.99	15.85	17.67	18.90	20.24	20.95	21.80	23.16	20.48
Enterprise Value to NOPAT (EV/NOPAT)	21.18	22.18	20.00	19.31	21.06	20.00	22.29	23.46	24.39	29.77	30.57
Enterprise Value to Operating Cash Flow (EV/OCF)	13.20	14.68	18.38	17.67	32.64	26.51	29.15	39.76	114.31	0.00	61.08
Enterprise Value to Free Cash Flow (EV/FCFF)	12.90	15.30	16.08	15.05	50.82	43.50	84.43	222.35	0.00	11.44	49.23
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	4.32	4.35	4.39	4.39	4.55	4.51	4.61	4.67	4.56	4.42	4.36
Long-Term Debt to Equity	4.32	4.35	4.39	4.39	4.55	4.51	4.61	4.67	4.56	4.42	4.36
Financial Leverage	4.26	4.20	4.26	4.27	4.36	4.26	4.28	4.30	4.05	4.29	3.53
Leverage Ratio	6.86	6.87	6.98	7.04	7.06	6.93	6.99	7.04	6.73	6.13	5.98
Compound Leverage Factor	2.43	2.85	3.18	3.64	2.70	3.76	2.23	2.23	0.53	2.89	2.46
Debt to Total Capital	81.21%	81.32%	81.45%	81.45%	81.99%	81.86%	82.19%	82.36%	82.03%	81.54%	81.33%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	81.21%	81.32%	81.45%	81.45%	81.99%	81.86%	82.19%	82.36%	82.03%	81.54%	81.33%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.56%	3.55%	3.45%	3.39%	3.34%	3.39%	3.59%	3.59%	3.68%	3.74%	3.78%
Common Equity to Total Capital	15.25%	15.13%	15.13%	15.17%	14.69%	14.75%	14.25%	14.07%	14.31%	14.72%	14.91%
Debt to EBITDA	7.07	7.09	6.82	7.04	7.67	7.99	8.49	8.71	8.88	8.97	8.68
Net Debt to EBITDA	6.78	6.62	6.42	6.59	7.36	7.66	8.10	8.27	8.47	8.50	8.31
Long-Term Debt to EBITDA	7.07	7.09	6.82	7.04	7.67	7.99	8.49	8.71	8.88	8.97	8.68
Debt to NOPAT	15.07	14.98	13.48	13.78	15.24	14.69	16.82	17.61	18.42	21.47	23.58
Net Debt to NOPAT	14.44	14.00	12.69	12.90	14.63	14.09	16.04	16.72	17.57	20.35	22.56
Long-Term Debt to NOPAT	15.07	14.98	13.48	13.78	15.24	14.69	16.82	17.61	18.42	21.47	23.58
Altman Z-Score	0.79	0.87	0.90	0.87	0.81	0.80	0.74	0.70	0.66	0.70	0.60
Noncontrolling Interest Sharing Ratio	18.65%	18.84%	19.23%	19.19%	19.39%	19.47%	20.08%	20.36%	20.36%	20.40%	18.11%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.96	2.03	2.17	2.06	2.05	2.11	2.05	2.08	2.09	2.27	2.09
Quick Ratio	0.86	1.00	1.07	0.98	0.91	0.77	0.78	0.79	0.71	0.73	0.59
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	319	267	192	227	-140	-76	-171	-221	-305	510	-16
Operating Cash Flow to CapEx	61.05%	0.00%	67.44%	261.36%	35.22%	0.00%	83.11%	16.25%	51.32%	0.00%	1.93%
Free Cash Flow to Firm to Interest Expense	4.83	3.99	2.85	3.24	-2.02	-1.12	-2.49	-3.30	-4.90	8.58	-0.30
Operating Cash Flow to Interest Expense	1.16	3.01	1.16	3.45	0.76	1.30	1.06	0.53	1.60	0.93	0.10
Operating Cash Flow Less CapEx to Interest Expense	-0.74	5.15	-0.56	2.13	-1.39	4.12	-0.22	-2.73	-1.52	9.54	-4.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.32	0.35	0.36	0.36	0.35	0.34	0.32	0.28	0.25	0.25	0.18
Accounts Receivable Turnover	6.69	8.29	8.05	8.04	7.71	8.69	8.25	7.15	8.20	0.00	5.80
Inventory Turnover	4.04	4.16	4.19	4.24	4.02	3.74	3.38	3.23	3.07	0.00	2.29
Fixed Asset Turnover	0.41	0.44	0.47	0.47	0.45	0.43	0.40	0.35	0.31	0.29	0.22
Accounts Payable Turnover	7.47	8.66	8.64	8.12	7.88	8.29	7.54	6.57	6.34	0.00	5.04
Days Sales Outstanding (DSO)	54.52	44.01	45.33	45.38	47.33	42.03	44.23	51.05	44.50	0.00	62.90
Days Inventory Outstanding (DIO)	90.27	87.84	87.12	86.19	90.86	97.61	107.94	112.90	119.03	0.00	159.29
Days Payable Outstanding (DPO)	48.84	42.16	42.26	44.95	46.32	44.05	48.39	55.53	57.58	0.00	72.37
Cash Conversion Cycle (CCC)	95.95	89.69	90.18	86.62	91.87	95.59	103.78	108.42	105.95	0.00	149.82
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,681	6,624	6,666	6,667	6,920	6,795	6,769	6,785	6,695	6,583	6,516
Invested Capital Turnover	0.42	0.46	0.48	0.49	0.46	0.45	0.42	0.37	0.33	0.29	0.24
Increase / (Decrease) in Invested Capital	-240	-171	-103	-118	225	212	253	296	523	-418	88
Enterprise Value (EV)	7,896	8,426	8,459	8,027	8,107	7,836	7,664	7,770	7,556	7,774	7,122
Market Capitalization	2,268	2,861	2,850	2,425	2,236	2,078	1,896	1,980	1,855	2,204	1,612
Book Value per Share	$12.90	$12.89	$12.84	$13.04	$12.88	$12.67	$12.25	$12.28	$12.27	$12.44	$12.28
Tangible Book Value per Share	$10.19	$10.19	$10.16	$10.33	$10.16	$9.96	$9.52	$9.54	$9.53	$10.03	$10.34
Total Capital	6,916	6,998	6,998	7,031	7,156	7,030	7,036	7,082	6,958	6,877	6,755
Total Debt	5,616	5,691	5,700	5,727	5,867	5,754	5,782	5,833	5,708	5,608	5,494
Total Long-Term Debt	5,616	5,691	5,700	5,727	5,867	5,754	5,782	5,833	5,708	5,608	5,494
Net Debt	5,381	5,317	5,367	5,363	5,632	5,519	5,516	5,536	5,445	5,313	5,255
Capital Expenditures (CapEx)	125	-143	116	92	148	-191	88	218	194	-512	275
Debt-free, Cash-free Net Working Capital (DFCFNWC)	281	251	367	345	463	440	418	396	378	404	391
Debt-free Net Working Capital (DFNWC)	516	625	699	709	698	675	685	693	641	699	630
Net Working Capital (NWC)	516	625	699	709	698	675	685	693	641	699	630
Net Nonoperating Expense (NNE)	52	58	53	53	58	67	58	54	205	55	46
Net Nonoperating Obligations (NNO)	5,381	5,317	5,367	5,363	5,632	5,519	5,516	5,536	5,445	5,313	5,255
Total Depreciation and Amortization (D&A)	78	77	76	77	77	77	77	76	77	73	73
Debt-free, Cash-free Net Working Capital to Revenue	9.85%	8.14%	11.30%	10.55%	14.69%	14.76%	15.07%	16.17%	17.60%	20.45%	25.61%
Debt-free Net Working Capital to Revenue	18.09%	20.30%	21.53%	21.69%	22.15%	22.64%	24.67%	28.26%	29.85%	35.34%	41.23%
Net Working Capital to Revenue	18.09%	20.30%	21.53%	21.69%	22.15%	22.64%	24.67%	28.26%	29.85%	35.34%	41.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.27	$0.36	$0.38	$0.66	$0.29	$0.78	$0.27	$0.21	$0.05	$0.38	$0.32
Adjusted Weighted Average Basic Shares Outstanding	81.60M	81.90M	82.20M	82.40M	81.60M	81.20M	81.60M	81.20M	80.80M	81.90M	81.70M
Adjusted Diluted Earnings per Share	$0.26	$0.34	$0.37	$0.65	$0.28	$0.76	$0.26	$0.20	$0.05	$0.37	$0.31
Adjusted Weighted Average Diluted Shares Outstanding	83.80M	84.20M	84.10M	84.10M	83.50M	83.40M	83.50M	83.40M	83.20M	84.20M	83.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	81.61M	81.79M	82.16M	82.45M	81.84M	163.72M	81.87M	81.85M	81.15M	162.25M	81.40M
Normalized Net Operating Profit after Tax (NOPAT)	78	98	87	108	85	136	78	74	47	92	72
Normalized NOPAT Margin	13.35%	15.63%	10.90%	12.89%	10.50%	16.99%	9.50%	10.18%	7.29%	15.50%	14.48%
Pre Tax Income Margin	6.22%	7.55%	7.06%	8.94%	5.27%	10.09%	3.93%	4.28%	0.83%	8.96%	7.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.55	1.71	1.84	2.07	1.62	2.19	1.47	1.46	1.09	1.89	1.70
NOPAT to Interest Expense	1.20	1.44	1.31	1.56	1.24	2.00	1.19	1.13	3.52	1.54	1.31
EBIT Less CapEx to Interest Expense	-0.34	3.84	0.11	0.75	-0.53	5.01	0.20	-1.80	-2.03	10.50	-3.29
NOPAT Less CapEx to Interest Expense	-0.69	3.57	-0.41	0.25	-0.91	4.83	-0.09	-2.14	0.40	10.15	-3.68
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	67.92%	64.99%	63.23%	67.86%	85.82%	93.52%	104.65%	99.79%	115.58%	136.08%	57.73%
Augmented Payout Ratio	86.35%	78.17%	66.92%	68.38%	85.82%	93.52%	120.49%	129.98%	115.58%	207.13%	320.45%

Frequently Asked Questions About Trinity Industries' Financials

When does Trinity Industries's financial year end?

According to the most recent income statement we have on file, Trinity Industries' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Trinity Industries' net income changed over the last 9 years?

Trinity Industries' net income appears to be on a downward trend, with a most recent value of $157.10 million in 2024, falling from $826 million in 2015. The previous period was $126.60 million in 2023. See where experts think Trinity Industries is headed by visiting Trinity Industries' forecast page.

What is Trinity Industries's operating income?

Trinity Industries's total operating income in 2024 was $491.50 million, based on the following breakdown:

Total Gross Profit: $668.20 million
Total Operating Expenses: $176.70 million

How has Trinity Industries revenue changed over the last 9 years?

Over the last 9 years, Trinity Industries' total revenue changed from $6.39 billion in 2015 to $3.08 billion in 2024, a change of -51.8%.

How much debt does Trinity Industries have?

Trinity Industries' total liabilities were at $7.53 billion at the end of 2024, a 1.4% decrease from 2023, and a 55.6% increase since 2015.

How much cash does Trinity Industries have?

In the past 9 years, Trinity Industries' cash and equivalents has ranged from $0.00 in 2021 to $786 million in 2015, and is currently $228.20 million as of their latest financial filing in 2024.

How has Trinity Industries' book value per share changed over the last 9 years?

Over the last 9 years, Trinity Industries' book value per share changed from 23.90 in 2015 to 12.89 in 2024, a change of -46.1%.

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This page (NYSE:TRN) was last updated on 5/28/2025 by MarketBeat.com Staff

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Trinity Industries (TRN) Financials

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Trinity Industries (TRN) Financials

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