Trinity Industries (TRN)
Leases, builds, maintains, and manages freight and tank railcars across North America.
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Leases, manages, maintains, and manufactures freight and tank railcars for North American shippers, railroads, and lessors. The integrated platform earns lease and service income while supplying new cars, conversions, parts, logistics software, and fleet administration.
Provides railcar leasing and management, maintenance and modifications, logistics software, and new freight and tank railcars across North America. Railcar Leasing and Services Group earns operating-lease and fleet-management income, while Rail Products Group manufactures cars, conversions, parts, and components for outside customers and the leasing fleet.
Combines manufacturing with asset ownership and life-cycle service under TrinityRail, supported by RSI Logistics and Holden America. Most managed cars are owned directly; the rest are administered for investors, pairing operating-lease income with service fees. Operations span the United States and Mexico, with a minority leasing investment in India.
Fleet economics depend on utilization, lease renewals, and secondary-market sales; manufacturing depends heavily on steel, specialty components, and cross-border rail movements. Railcar design, maintenance, and hazardous-material transport remain subject to U.S., Canadian, Mexican, and industry standards.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Apr 30, 2026 | Goldman Sachs | Target | Target: $33 | Target: $36 |
| Feb 13, 2026 | Susquehanna | Reiterate | Rating: —Target: $28 | Target: $34 |
| Feb 12, 2026 | Goldman Sachs | Target | Target: $31 | Target: $33 |
| Jan 26, 2026 | Susquehanna | Reiterate | Rating: —Target: $23 | Target: $28 |
| Oct 31, 2025 | Goldman Sachs | Target | Target: — | Target: $31 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $155.7M · Total debt $5.23B · Total assets $8.23B · Shareholders' equity $1.14B
- Revenue
- $485.1M
- Operating income
- $58.8M
- Net income
- $102.2M
HistoryDividendAnnual yieldUpcoming
| Institutions | 96.81% | 77.12M shares | |
|---|---|---|---|
| 353 holders · as of Jun 30, 2026 | |||
| Other | 3.19% | 2.55M shares | |
| remainder | |||
79.67M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 16.77% | 13.36M | as of Jun 30, 2026 |
Capital International InvestorsInstitution | 7.22% | 5.75M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 7.13% | 5.68M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 6.09% | 4.85M | as of Jun 30, 2026 |
American Century Companies IncInstitution | 5.42% | 4.32M | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- GATX
Major full-service railcar lessor and fleet-management rival
- Greenbrier Companies
Full-platform railcar manufacturing, leasing, and services rival
- FreightCar America
Focused freight-car manufacturing and aftermarket competitor
- Wabtec
Rail components, freight-car services, and digital solutions rival
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Trinity Industries | $28.04 | +0.52% | $2.22B | 6.6 | 15.9 | 1.1 | −4.2% |
| GATX | $181.86 | +0.81% | $6.40B | 17.8 | 17.6 | 3.1 | +34.8% |
| Greenbrier Companies | $43.08 | +2.67% | $1.30B | 12.3 | 12.5 | 0.5 | −31.6% |
| FreightCar America | $7.59 | +0.80% | $246.8M | — | 8.1 | 0.5 | −4.6% |
| Wabtec | $288.00 | +1.63% | $47.86B | 38.1 | 25.2 | 4.0 | +17.5% |
| Median | 17.8 | 15.1 | 1.8 | +6.4% |