Overview Dividends

(TRN) Trinity Industries - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US8965221091

Railcar, Leasing, Manufacturing, Services, Components

Risk via 10d forecast
Volatility 34.5%
Value at Risk 5%th 51.7%
Relative Tail Risk -8.91%
Reward TTM
Sharpe Ratio -1.06
Alpha -44.69
Character TTM
Hurst Exponent 0.554
Beta 1.008
Beta Downside 0.976
Drawdowns 3y
Max DD 39.58%
Mean DD 17.03%
Median DD 16.13%

Description: TRN Trinity Industries November 11, 2025

Trinity Industries, Inc. (NYSE: TRN) is a Dallas-based provider of railcar products and services operating under the TrinityRail brand. The firm is organized into two primary segments: the Railcar Leasing and Services Group, which owns and manages a fleet of freight and tank cars, and the Rail Products Group, which designs and manufactures new railcars and related components.

The Leasing and Services segment held 109,635 railcars as of 12/31/2023, leasing them to industrial shippers and railroads across commodities such as agriculture, construction, metals, energy, and refined products. The Products segment supplies newly built railcars and parts to railroads, leasing firms, and industrial customers in the same markets, selling through both in-house and independent sales forces.

Recent financial snapshots (2023) show TRN generated approximately $1.0 billion in revenue, with an adjusted EBITDA margin near 12 % and free cash flow of roughly $150 million. The company’s net debt stood at about $800 million, yielding a debt-to-EBITDA ratio of ~5.5×, which is modestly higher than the industry average of ~4.0×.

Key drivers of Trinity’s outlook include (1) U.S. rail freight volumes, which have risen ~4 % YoY in 2023 driven by higher agricultural exports and energy shipments; (2) ongoing federal and state infrastructure investments that expand rail capacity and may increase demand for new railcars; and (3) regulatory trends around tank-car safety standards, which can spur retrofitting and replacement cycles.

For a deeper quantitative view of TRN’s valuation metrics and scenario analysis, you may find ValueRay’s platform useful.

TRN Stock Overview

Market Cap in USD 2,213m
Sub-Industry Construction Machinery & Heavy Transportation Equipment
IPO / Inception 1987-12-30
Return 12m vs S&P 500 -38.0%
Analyst Rating 3.0 of 5

TRN Dividends

Dividend Yield 4.71%
Yield on Cost 5y 6.18%
Yield CAGR 5y 10.18%
Payout Consistency 95.6%
Payout Ratio 95.7%

TRN Growth Ratios

CAGR 3y -0.96%
CAGR/Max DD Calmar Ratio -0.02
CAGR/Mean DD Pain Ratio -0.06
Current Volume 421.2k
Average Volume 491k

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (65.5m TTM) > 0 and > 6% of Revenue (6% = 103.3m TTM)
FCFTA 0.02 (>2.0%) and ΔFCFTA 3.07pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 7.26% (prev 21.69%; Δ -14.43pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.04 (>3.0%) and CFO 386.9m > Net Income 65.5m (YES >=105%, WARN >=100%)
Net Debt (-66.3m) to EBITDA (575.3m) ratio: -0.12 <= 3.0 (WARN <= 3.5)
Current Ratio 1.49 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (81.9m) change vs 12m ago -2.62% (target <= -2.0% for YES)
Gross Margin 25.02% (prev 20.61%; Δ 4.41pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 19.37% (prev 36.73%; Δ -17.36pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 1.15 (EBITDA TTM 575.3m / Interest Expense TTM 270.5m) >= 6 (WARN >= 3)

Altman Z'' 0.84

(A) 0.01 = (Total Current Assets 378.0m - Total Current Liabilities 253.1m) / Total Assets 8.93b
(B) 0.11 = Retained Earnings (Balance) 1.02b / Total Assets 8.93b
(C) 0.03 = EBIT TTM 310.6m / Avg Total Assets 8.89b
(D) 0.13 = Book Value of Equity 1.02b / Total Liabilities 7.68b
Total Rating: 0.84 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 54.53

1. Piotroski 5.50pt = 0.50
2. FCF Yield 2.09% = 1.04
3. FCF Margin 9.51% = 2.38
4. Debt/Equity 4.55 = -2.40
5. Debt/Ebitda -0.12 = 2.50
6. ROIC - WACC (= 0.88)% = 1.10
7. RoE 5.99% = 0.50
8. Rev. Trend -27.15% = -2.04
9. EPS Trend 18.91% = 0.95

What is the price of TRN shares?

As of November 16, 2025, the stock is trading at USD 25.46 with a total of 421,200 shares traded.
Over the past week, the price has changed by -0.74%, over one month by -8.45%, over three months by -8.12% and over the past year by -28.98%.

Is Trinity Industries a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Trinity Industries is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 54.53 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of TRN is around 23.01 USD . This means that TRN is currently overvalued and has a potential downside of -9.62%.

Is TRN a buy, sell or hold?

Trinity Industries has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold TRN.
  • Strong Buy: 0
  • Buy: 0
  • Hold: 2
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the TRN price?

Issuer Target Up/Down from current
Wallstreet Target Price 30 17.8%
Analysts Target Price 30 17.8%
ValueRay Target Price 24.3 -4.4%

TRN Fundamental Data Overview November 02, 2025

Market Cap USD = 2.21b (2.21b USD * 1.0 USD.USD)
P/E Trailing = 22.252
P/E Forward = 20.0803
P/S = 1.0172
P/B = 2.2246
P/EG = 2.78
Beta = 1.521
Revenue TTM = 1.72b USD
EBIT TTM = 310.6m USD
EBITDA TTM = 575.3m USD
Long Term Debt = 5.69b USD (from longTermDebt, last fiscal year)
Short Term Debt = 23.3m USD (from shortTermDebt, last fiscal year)
Debt = 5.69b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -66.3m USD (from netDebt column, last quarter)
Enterprise Value = 7.84b USD (2.21b + Debt 5.69b - CCE 66.3m)
Interest Coverage Ratio = 1.15 (Ebit TTM 310.6m / Interest Expense TTM 270.5m)
FCF Yield = 2.09% (FCF TTM 163.7m / Enterprise Value 7.84b)
FCF Margin = 9.51% (FCF TTM 163.7m / Revenue TTM 1.72b)
Net Margin = 3.80% (Net Income TTM 65.5m / Revenue TTM 1.72b)
Gross Margin = 25.02% ((Revenue TTM 1.72b - Cost of Revenue TTM 1.29b) / Revenue TTM)
Gross Margin QoQ = none% (prev 26.35%)
Tobins Q-Ratio = 0.88 (Enterprise Value 7.84b / Total Assets 8.93b)
Interest Expense / Debt = 1.23% (Interest Expense 69.8m / Debt 5.69b)
Taxrate = 99.23% (out of range, set to none) (47.8m / 48.2m)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 1.49 (Total Current Assets 378.0m / Total Current Liabilities 253.1m)
Debt / Equity = 4.55 (Debt 5.69b / totalStockholderEquity, last quarter 1.25b)
Debt / EBITDA = -0.12 (Net Debt -66.3m / EBITDA 575.3m)
Debt / FCF = -0.41 (Net Debt -66.3m / FCF TTM 163.7m)
Total Stockholder Equity = 1.09b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.73% (Net Income 65.5m / Total Assets 8.93b)
RoE = 5.99% (Net Income TTM 65.5m / Total Stockholder Equity 1.09b)
RoCE = 4.58% (EBIT 310.6m / Capital Employed (Equity 1.09b + L.T.Debt 5.69b))
RoIC = 3.61% (EBIT 310.6m / (Assets 8.93b - Curr.Liab 253.1m - Cash 66.3m))
WACC = 2.72% (E(2.21b)/V(7.90b) * Re(9.73%) + (debt cost/tax rate unavailable))
Discount Rate = 9.73% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.96%
[DCF Debug] Terminal Value 63.23% ; FCFE base≈163.7m ; Y1≈107.5m ; Y5≈49.1m
Fair Price DCF = 9.25 (DCF Value 747.8m / Shares Outstanding 80.8m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 18.91 | EPS CAGR: -4.88% | SUE: 0.20 | # QB: 0
Revenue Correlation: -27.15 | Revenue CAGR: -6.02% | SUE: -1.56 | # QB: 0

Additional Sources for TRN Stock

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