Trinity Industries (TRN) Financials

$25.54 +0.30 (+1.19%)

As of 03:58 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	797	344	1,439	790	138	-147	182	60	106	138
Consolidated Net Income / (Loss)	826	365	714	163	136	-226	182	73	127	157
Net Income / (Loss) Continuing Operations	826	203	610	109	122	-251	39	99	140	171
Total Pre-Tax Income	1,252	310	195	152	181	-525	55	127	149	222
Total Operating Income	1,439	479	737	630	397	-155	257	334	417	492
Total Gross Profit	1,737	778	1,328	1,132	574	422	355	368	527	668
Total Revenue	6,393	3,090	4,878	5,009	2,752	1,750	1,516	1,977	2,983	3,079
Operating Revenue	6,393	3,090	4,878	5,009	2,752	1,750	1,516	1,977	2,983	3,079
Total Cost of Revenue	4,656	2,312	3,550	3,878	2,178	1,327	1,162	1,610	2,456	2,411
Operating Cost of Revenue	4,656	2,312	3,550	3,878	2,178	1,327	1,162	1,610	2,456	2,411
Total Operating Expenses	298	299	591	501	177	577	98	34	110	177
Selling, General & Admin Expense	476	314	679	593	217	190	180	185	202	236
Other Operating Expenses / (Income)	-	-	-	-50	-51	-17	-54	-128	-83	-57
Restructuring Charge	-	-	0.00	0.00	15	11	-3.70	1.00	-2.20	4.30
Other Special Charges / (Income)	-179	-15	-87	-41	-3.90	-2.70	-24	-25	-6.80	-6.00
Total Other Income / (Expense), net	-187	-169	195	152	-216	-370	-202	-208	-268	-270
Interest Expense	195	182	184	179	215	216	203	209	266	274
Other Income / (Expense), net	5.60	7.70	-368	-311	-1.10	-154	1.50	1.60	-2.50	3.80
Income Tax Expense	426	107	-415	43	59	-274	16	28	9.00	50
Net Income / (Loss) Discontinued Operations	-	162	103	54	14	24	143	-26	-13	-14
Net Income / (Loss) Attributable to Noncontrolling Interest	30	21	11	3.80	-1.50	-79	-0.20	13	21	19
Basic Earnings per Share	$5.14	$2.25	$4.62	$1.09	$1.09	($1.27)	$1.79	$0.73	$1.31	$1.69
Weighted Average Basic Shares Outstanding	150.20M	148.40M	148.60M	144M	125.60M	115.90M	101.50M	81.90M	81.20M	81.90M
Diluted Earnings per Share	$5.08	$2.25	$4.52	$1.07	$1.07	($1.27)	$1.75	$0.71	$1.27	$1.64
Weighted Average Diluted Shares Outstanding	152.20M	148.60M	152M	146.40M	127.30M	115.90M	103.80M	84.20M	83.40M	84.20M
Weighted Average Basic & Diluted Shares Outstanding	155M	152.70M	152.10M	146.10M	125.60M	110.97M	166.68M	162.25M	163.72M	81.79M
Cash Dividends to Common per Share	$0.43	$0.44	$0.50	$0.52	$0.70	$0.78	$0.86	$0.95	$1.06	$1.14

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	26	31	4.40	17	22	63	24	54	31	29
Consolidated Net Income / (Loss)	26	36	14	21	24	68	27	56	36	38
Net Income / (Loss) Continuing Operations	30	43	17	24	26	73	32	58	41	41
Total Pre-Tax Income	38	53	5.30	31	32	81	43	75	56	48
Total Operating Income	93	114	69	99	100	149	115	142	122	112
Total Gross Profit	101	101	103	121	142	161	165	179	170	155
Total Revenue	497	591	642	722	821	798	810	841	799	629
Operating Revenue	497	591	642	722	821	798	810	841	799	629
Total Cost of Revenue	395	490	539	601	680	637	645	662	629	474
Operating Cost of Revenue	395	490	539	601	680	637	645	662	629	474
Total Operating Expenses	8.60	-0.70	34	22	42	12	50	37	47	43
Selling, General & Admin Expense	48	48	50	54	49	49	52	61	61	62
Other Operating Expenses / (Income)	-39	-49	-14	-30	-3.10	-36	-2.10	-23	-11	-21
Restructuring Charge	0.00	-	-0.40	-1.80	0.00	-	0.00	0.00	0.00	4.30
Other Special Charges / (Income)	-	-	-1.80	-0.60	-4.40	-	-0.70	-1.50	-2.00	-1.80
Total Other Income / (Expense), net	-54	-61	-64	-68	-68	-68	-73	-67	-66	-65
Interest Expense	55	59	62	67	69	68	69	70	67	67
Other Income / (Expense), net	0.60	-1.10	-1.60	-1.30	0.90	-0.50	-3.40	3.40	1.40	2.40
Income Tax Expense	8.60	10	-12	7.40	6.00	7.10	11	17	16	6.70
Net Income / (Loss) Discontinued Operations	-3.40	-6.60	-3.10	-2.30	-2.70	-5.30	-4.30	-1.70	-5.30	-3.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.50	4.90	9.30	4.20	1.80	5.30	3.70	2.00	4.10	8.90
Basic Earnings per Share	$0.32	$0.38	$0.05	$0.21	$0.27	$0.78	$0.29	$0.66	$0.38	$0.36
Weighted Average Basic Shares Outstanding	81.70M	81.90M	80.80M	81.20M	81.60M	81.20M	81.60M	82.40M	82.20M	81.90M
Diluted Earnings per Share	$0.31	$0.37	$0.05	$0.20	$0.26	$0.76	$0.28	$0.65	$0.37	$0.34
Weighted Average Diluted Shares Outstanding	83.30M	84.20M	83.20M	83.40M	83.50M	83.40M	83.50M	84.10M	84.10M	84.20M
Weighted Average Basic & Diluted Shares Outstanding	81.40M	162.25M	81.15M	81.85M	81.87M	163.72M	81.84M	82.45M	82.16M	81.79M

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-68	56	-31	34	-30	-32	0.00	129	-32	42
Net Cash From Operating Activities	5.30	55	99	36	73	88	52	242	79	202
Net Cash From Continuing Operating Activities	8.70	62	103	38	76	93	57	243	84	205
Net Income / (Loss) Continuing Operations	30	43	17	24	26	73	32	58	41	41
Consolidated Net Income / (Loss)	26	36	14	21	24	68	27	56	36	38
Net Income / (Loss) Discontinued Operations	-3.40	-6.60	-3.10	-2.30	-2.70	-5.30	-4.30	-1.70	-5.30	-3.00
Depreciation Expense	70	70	74	73	73	73	73	74	73	74
Amortization Expense	3.00	3.00	2.60	3.10	3.40	3.60	3.40	3.30	3.10	3.60
Non-Cash Adjustments To Reconcile Net Income	-35	-55	-11	-27	-2.10	-35	2.40	-17	-11	-11
Changes in Operating Assets and Liabilities, net	-59	0.80	21	-35	-25	-23	-54	125	-22	98
Net Cash From Discontinued Operating Activities	-3.40	-6.60	-3.10	-2.30	-2.70	-5.30	-4.30	-1.70	-5.30	-3.00
Net Cash From Investing Activities	12	-72	-203	-89	-24	-47	-124	68	-49	-109
Net Cash From Continuing Investing Activities	12	-72	-203	-89	-24	-47	-124	68	-49	-109
Purchase of Property, Plant & Equipment	-284	-250	-199	-222	-92	-197	-152	-97	-124	-223
Acquisitions	-16	-71	-67	0.40	-0.40	4.00	0.00	-2.00	-1.60	-0.30
Sale of Property, Plant & Equipment	9.40	762	4.90	3.50	4.60	389	3.90	4.10	7.50	366
Other Investing Activities, net	302	-512	58	129	64	-242	24	163	69	-252
Net Cash From Financing Activities	-86	72	72	87	-79	-73	72	-181	-61	-50
Net Cash From Continuing Financing Activities	-86	72	72	87	-79	-73	72	-181	-61	-50
Repayment of Debt	-518	-227	-150	-886	-244	-240	-804	-956	-71	-220
Repurchase of Common Equity	-14	-15	-	-	-	-	-	-	-6.00	-14
Payment of Dividends	-23	-22	-24	-28	-25	-41	-26	-27	-25	-25
Issuance of Debt	470	336	246	1,008	190	208	910	812	40	208
Other Financing Activities, net	-0.10	-0.10	-0.30	-6.50	-0.10	-0.30	-8.30	-8.80	0.40	-0.30

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

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

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

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

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

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

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.

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 4/14/2025 by MarketBeat.com Staff

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Trinity Industries (TRN) Financials

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Trinity Industries (TRN) Financials

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