TRN
Trinity Industries IncNYSE
Industrials • Railroads
Factor tilt: Mid-Cap Income
$29.43-3.51%
Close Nov 6, 2026
- Market cap
- $2.34B
- 1 month
- +15.9%
- 3 months
- +2.0%
- 1 year
- +12.1%
- 52-week range
- $24.82$38.07
- Dividend, last 12 mo
- $1.24 · 4.21% yield
- Last ex-date
- Oct 15, 2026 · $0.31
- Dividend growth
- 7 years in a row
- Short interest
- 4.7M sharessettled Oct 15, 2026 · +5.9% since Sep 30, 2026 · FINRA
Fundamentals · trailing 12 months to Sep 30, 2026
- Revenue
- $2.12B
- Net income
- $330.6M
- Free cash flow
- -$271.6M
- Book value
- $1.13B
- Total debt
- $5.33B
- P/E
- 7.1×
- Price / sales
- 1.1×
- Price / book
- 2.1×
- FCF yield
- -11.6%
- Net margin
- +15.6%
EODHD (TTM) · as of Nov 6, 2026
End-of-day close from stored market data, not a live quote.
About Trinity Industries Inc
Trinity Industries, Inc. provides railcar products and services under the TrinityRail trade name in North America. The company operates in two segments, Railcar Leasing and Services Group, and Rail Products Group.
Read more
The Railcar Leasing and Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet leasing, management, and administrative services, as well as railcar maintenance and modification services, and other railcar logistics products and services. As of December 31, 2025, it had a fleet of 101,485 railcars. This segment serves industrial shipper and railroad companies operating in refined products and chemicals, energy, agriculture, construction and metals, and consumer products. The Rail Products Group segment manufactures freight and tank railcars for transporting various liquids, gases, and dry cargo; and manufactures and sells railcars and related parts and components. This segment serves railroads, leasing companies, and industrial shippers of products in the refined products and chemicals, energy, agriculture, construction and metals, and consumer products markets. It sells or leases products and services through its own sales personnel and independent sales representatives. The company was incorporated in 1933 and is headquartered in Dallas, Texas.
- Website
- trin.net
- Headquarters
- Dallas, TX, United States
- Employees
- 6,110
- Listed
- Dec 30, 1987
- Fiscal year ends
- December
Company profile from EODHD, stored Nov 1, 2026.
Quarterly results
The last 8 fiscal quarters as reported (EODHD). Year over year compares the same quarter a year earlier.
| Quarter | Revenue | YoY | Gross margin | Op. income | Net income |
|---|---|---|---|---|---|
| Sep 2026filed Oct 29, 2026 | $535.1M | +17.8% | 17.9% | $95.6M | $17.6M |
| Jun 2026filed Jul 30, 2026 | $485.1M | -4.2% | 22.7% | $58.8M | $102.2M |
| Mar 2026filed Apr 30, 2026 | $492.0M | -16.0% | 26.2% | $78.2M | $24.2M |
| Dec 2025filed Feb 19, 2026 | $611.2M | -2.9% | 25.0% | $83.2M | $186.6M |
| Sep 2025filed Oct 30, 2025 | $454.1M | -43.2% | 30.9% | $95.0M | $30.3M |
| Jun 2025filed Jul 31, 2025 | $506.2M | -39.8% | 26.7% | $85.9M | $14.1M |
| Mar 2025filed May 1, 2025 | $585.4M | -27.7% | 25.1% | $96.9M | $22.1M |
| Dec 2024filed Feb 20, 2025 | $629.4M | -21.1% | 24.6% | $112.0M | $28.9M |
Fiscal years · last 6
| Fiscal year | Revenue | YoY | Gross margin | Op. income | Net income |
|---|---|---|---|---|---|
| Dec 2025filed Feb 19, 2026 | $2.2B | -30.0% | 26.6% | $358.4M | $253.1M |
| Dec 2024filed Feb 20, 2025 | $3.1B | +3.2% | 21.7% | $491.5M | $138.4M |
| Dec 2023filed Feb 22, 2024 | $3.0B | +50.9% | 17.7% | $417.0M | $106.0M |
| Dec 2022filed Feb 21, 2023 | $2.0B | +30.4% | 18.6% | $334.0M | $60.1M |
| Dec 2021filed Feb 17, 2022 | $1.5B | -13.4% | 23.4% | $256.8M | $182.0M |
| Dec 2020filed Feb 24, 2021 | $1.7B | -36.4% | 24.1% | -$154.6M | -$147.3M |
Short-interest history
FINRA reports open short positions for a settlement date. The publication date is later. These are reported positions, with a separate date for each observation.
Compare the reported short exposure around the dates you bought, sold or watched TRN. A long position benefits from price rises; a short position benefits from falls. A change in these counts does not predict either move.
Settlement Oct 15, 2026
4,706,933 shares short
+262,301 shares (+5.9%) vs Sep 30, 2026
Share of float unavailable. Published Oct 26, 2026.
Settlement Sep 30, 2026
4,444,632 shares short
+93,652 shares (+2.2%) vs Sep 15, 2026
Share of float unavailable. Published Oct 9, 2026.
Settlement Sep 15, 2026
4,350,980 shares short
+188,535 shares (+4.5%) vs Aug 31, 2026
5.5% of the stored float. Published Sep 24, 2026.
Settlement Aug 31, 2026
4,162,445 shares short
-34,633 shares (-0.8%) vs Aug 14, 2026
5.3% of the stored float. Published Sep 10, 2026.
Settlement Aug 14, 2026
4,197,078 shares short
+515,933 shares (+14%) vs Jul 31, 2026
5.3% of the stored float. Published Aug 25, 2026.
Settlement Jul 31, 2026
3,681,145 shares short
-1,496,786 shares (-28.9%) vs Jul 15, 2026
4.7% of the stored float. Published Aug 11, 2026.
Change = this settlement’s shares short − the previous recorded settlement’s shares short; percentage change divides by that earlier count. A zero earlier count has no percentage change. Split-spanning counts are left uncompared. Float percentages use the stored settlement observation, not today’s float.
Source: stored FINRA equity short-interest records, up to six settlements from the last 240 days. FINRA data and reporting dates · How to read short interest
Dividends and stock splits
See the recorded cash amounts and dates behind TRN’s income, and the splits that change its share count. Dates below are stored event records, not confirmation of a payment to your account.
Cash-dividend records
USD 0.31 per share
Ex-dividend date: Oct 15, 2026
Recorded pay date: Oct 30, 2026 (past date)
Cash dividend · Polygon event record
USD 0.31 per share
Ex-dividend date: Jul 15, 2026
Recorded pay date: Jul 31, 2026 (past date)
Cash dividend · Polygon event record
USD 0.31 per share
Ex-dividend date: Apr 15, 2026
Recorded pay date: Apr 30, 2026 (past date)
Cash dividend · Polygon event record
USD 0.31 per share
Ex-dividend date: Jan 15, 2026
Recorded pay date: Jan 30, 2026 (past date)
Cash dividend · Polygon event record
USD 0.3 per share
Ex-dividend date: Oct 15, 2025
Recorded pay date: Oct 31, 2025 (past date)
Cash dividend · Polygon event record
USD 0.3 per share
Ex-dividend date: Jul 15, 2025
Recorded pay date: Jul 31, 2025 (past date)
Cash dividend · Polygon event record
Up to six Polygon cash-dividend events, including recorded ex-dates within the next 120 days. Amounts retain their recorded currency and decimal precision. Historical amounts are not restated to a common split basis, annualized, or converted to dollars.
For a long holding, compare the ex-date with when you held the shares and check the pay date against your broker’s cash history. Owning the stock today does not establish past entitlement. For a short holding, a dividend can create a payment obligation to the share lender.
Ex-dates and special dividend rules · Short-sale dividend obligations · Dividend data definitions
Split history
1389 for 1000 · forward split
Effective Nov 1, 2018
Each 1000 pre-split shares become 1389 post-split shares.
Source: EODHD
2 for 1 · forward split
Effective Jun 20, 2014
Each 1 pre-split share becomes 2 post-split shares.
Source: EODHD
3 for 2 · forward split
Effective Jun 12, 2006
Each 2 pre-split shares become 3 post-split shares.
Source: EODHD
3 for 2 · forward split
Effective Sep 1, 1993
Each 2 pre-split shares become 3 post-split shares.
Source: EODHD
Up to six stored split dates through Nov 7, 2026. Equivalent vendor ratios are combined; conflicting ratios are left out. This history may be incomplete.
A split changes the share count and per-share price basis; it does not by itself add investment value. Put your holding’s earlier and later share counts on the same basis before comparing them. This applies to both long shares and shares owed on a short position.
How stock splits workPortfolio context
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Smart money context
Holder IQ: MEDIUM
34 smart-money holders: institutions with a high Holder IQ
Q2 2026, filed Oct 30, 2026
Smart-money 13F trend: accumulating (heavy)
Unlock crowding heatmapUnlock filer discoveryInsider context
Sentiment: neutral
Last trade: sell 73 days ago
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What it means for you
Sign in to read your holdings or watchlist context. No personal position or direction is inferred.
What happened
Stored recent-activity label: neutral. This context label is separate from the scored insider signal read.
Why it can matter
A count of reported activity describes a sample, not purchase conviction, an insider’s intent or a future price move. Neutral is not an all-clear, and absent direction is not neutral evidence.
How we got this
The current context rule reads at most 50 nonduplicate issuer/share-class records filed in the last 90 days. It counts a bullish direction or purchase code P toward bullish, and a bearish direction or sale code S toward bearish. A side must exceed the opposite count by more than two to set its label; otherwise nonzero directional counts produce neutral. Calculation unavailable for this saved label: its counts, exact records, as-of time and rule version are not supplied here. Do not substitute the separate scored read’s different window or denominator.
Where the data comes from
Stored SEC Forms 3/4/5 insider-signal records, ordered by filing date with amendment duplicates excluded. Filing date is not transaction date. The last-trade line locates recent reported activity; it does not date or reconstruct the complete count.
Red flags: 0
Read the insider context evidence
What it means for you
Sign in to read your holdings or watchlist context. No personal position or direction is inferred.
What happened
Stored recent-activity label: neutral. This context label is separate from the scored insider signal read.
Why it can matter
A count of reported activity describes a sample, not purchase conviction, an insider’s intent or a future price move. Neutral is not an all-clear, and absent direction is not neutral evidence.
How we got this
The current context rule reads at most 50 nonduplicate issuer/share-class records filed in the last 90 days. It counts a bullish direction or purchase code P toward bullish, and a bearish direction or sale code S toward bearish. A side must exceed the opposite count by more than two to set its label; otherwise nonzero directional counts produce neutral. Calculation unavailable for this saved label: its counts, exact records, as-of time and rule version are not supplied here. Do not substitute the separate scored read’s different window or denominator.
Where the data comes from
Stored SEC Forms 3/4/5 insider-signal records, ordered by filing date with amendment duplicates excluded. Filing date is not transaction date. The last-trade line locates recent reported activity; it does not date or reconstruct the complete count.
Largest 13-F holders · Q2 2026
344 filers reported a long position in TRN for Q2 2026. 13-F holdings are filed up to 45 days after the quarter ends.
The top 10 hold
64%
of the 75.9M shares 13-F filers reported
Moves vs Q1 2026
8 added2 trimmed
Net shares held
+6.3%
across the 10 holders with a comparable Q1 2026 book
| Rank | Holder | Value | Shares | Shares vs Q1 2026 |
|---|---|---|---|---|
| 1 | BlackRock, Inc. | $461.9M · 13.4M shares | 13.4M | +2.9% |
| 2 | Capital International Investors | $199M · 5.8M shares | 5.8M | +4.3% |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | $196.3M · 5.7M shares | 5.7M | +7% |
| 4 | DIMENSIONAL FUND ADVISORS LP | $167.8M · 4.9M shares | 4.9M | +1.1% |
| 5 | AMERICAN CENTURY COMPANIES INC | $149.4M · 4.3M shares | 4.3M | +19.8% |
| 6 | STATE STREET CORP | $142.6M · 4.1M shares | 4.1M | +6.3% |
| 7 | VANGUARD CAPITAL MANAGEMENT LLC | $123.7M · 3.6M shares | 3.6M | -0.2% |
| 8 | GOLDMAN SACHS GROUP INC | $88M · 2.5M shares | 2.5M | +56.7% |
| 9 | JENNISON ASSOCIATES LLC | $80.7M · 2.3M shares | 2.3M | -4.5% |
| 10 | GEODE CAPITAL MANAGEMENT, LLC | $70.7M · 2M shares | 2M | +5.1% |
Sign in to see each holder’s Holder IQ, factor-adjusted Holder IQ and rank, and compare these holders with all scored filers. Available on every plan.
Sign in5% holder filings (13D / 13G)
Holders of more than 5% of TRN file with the SEC within days. A 13D holder may seek to influence the company; a 13G holder is passive. Each holder’s latest filing from the last three years.
| Filed | Holder | % of class |
|---|---|---|
| Aug 14, 2026 | AMERICAN CENTURY INVESTMENT MANAGEMENT INC13G · passive | 5.4% |
| Aug 7, 2026 | STATE STREET CORP13G · passive | 5.2% |
| May 14, 2026 | Capital International Investors13G · passive · amended | 6.9% |
| Apr 30, 2026 | VANGUARD CAPITAL MANAGEMENT LLC13G · passive | 5.23% |
| Apr 29, 2026 | VANGUARD PORTFOLIO MANAGEMENT LLC13G · passive | 6.7% |
| Mar 27, 2026 | VANGUARD GROUP INC13G · passive · amended | 0%under 5% |
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