TRN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$33.29

Market Cap

—

P/E (TTM)

8.7

EPS (TTM)

$3.05

Revenue (TTM)

$2.16B

Div Yield

—

ROE

23.7%

Debt/Equity

—

52W Range

$22 – $37

TRN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $2.16B

2016-12-31 → 2025-12-31

EPS $3.05

2016-12-31 → 2025-12-31

Free Cash Flow $314M

2016-12-31 → 2025-12-31

Margins 11.7%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

TRN

Peer Median

P/E (TTM)

8.7

20.7

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

TRN

Peer Median

Operating Margin

30.1%

—

Net Profit Margin

11.7%

6.1%

ROA

2.9%

3.8%

ROE

23.7%

13.4%

ROIC

45.7%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

TRN

Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

TRN

Peer Median

Revenue YoY

-29.9%

—

Revenue CAGR 3Y

2.9%

—

Revenue CAGR 5Y

4.3%

—

EPS YoY

86.0%

—

Net Income YoY

82.9%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

TRN

Peer Median

EPS (Diluted)

$3.05

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

TRN

Peer Median

Payout Ratio

39.0%

—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

—

Payout Ratio

39.0%

5Y Div CAGR

—

Ex-date	Amount
April 15, 2026	$0.3100
Jan. 15, 2026	$0.3100
Oct. 15, 2025	$0.3000
July 15, 2025	$0.3000
April 15, 2025	$0.3000
Jan. 15, 2025	$0.3000
Oct. 15, 2024	$0.2800
July 15, 2024	$0.2800
April 12, 2024	$0.2800
Jan. 11, 2024	$0.2800
Oct. 12, 2023	$0.2600
July 13, 2023	$0.2600
April 13, 2023	$0.2600
Jan. 12, 2023	$0.2600
Oct. 13, 2022	$0.2300
July 14, 2022	$0.2300
April 13, 2022	$0.2300
Jan. 13, 2022	$0.2300
Oct. 14, 2021	$0.2100
July 14, 2021	$0.2100

TRN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

SELL 9 analysts

Strong Buy 0 0.0%
Buy 0 0.0%
Hold 4 44.4%
Sell 4 44.4%
Strong Sell 1 11.1%

12-Month Price Target

2 analysts · 2026-05-20

Median $35.50

← Below all targets $33.29

Low $35.00

High $36.00

Median target $35.50 +6.6%

Mean target $35.50 +6.6%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

-0.04%

Period	EPS Actual	EPS Est	Surprise
March 31, 2026	$0.32	$0.28	0.04%
Dec. 31, 2025	$2.28	$2.32	-0.04%
Sept. 30, 2025	$0.37	$0.39	-0.02%
June 30, 2025	$0.17	$0.28	-0.11%
March 31, 2025	$0.29	$0.33	-0.04%

Peer Comparison Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
TRN	—	8.7	-29.9%	11.7%	23.7%	—
OSK	$7.86B	—	-2.9%	6.2%	14.9%	17.4%
FSS	$6.61B	27.1	17.1%	11.3%	18.6%	28.9%
TEX	$3.46B	16.0	5.7%	4.1%	10.9%	19.4%
ATMU	—	20.8	5.7%	11.8%	59.7%	28.2%
BLBD	$1.85B	14.9	9.9%	8.6%	61.6%	20.5%
GBX	$1.44B	7.3	-8.6%	6.3%	14.0%	18.8%
ASTE	$991M	25.8	8.1%	2.8%	5.9%	26.5%
PLOW	$753M	16.7	15.4%	7.1%	16.9%	26.6%
MLR	$425M	18.9	-37.2%	2.9%	5.5%	15.2%
CAT	$266.56B	30.5	4.3%	13.1%	44.4%	—

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16

Annual Income Statement data for TRN
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$2.16B	$3.08B	$2.98B	$1.98B	$1.52B	$1.75B	$2.75B	$2.51B	$2.40B	$3.09B	$6.39B	$6.17B
Cost of Revenue	$1.58B	$2.41B	$2.46B	$1.61B	$1.16B	$1.33B	$2.18B	$1.94B	$1.78B	$2.31B	$4.66B	$4.62B
SG&A Expense	$214M	$236M	$202M	$185M	$180M	$190M	$217M	$297M	$339M	$314M	$476M	$404M
Operating Expenses	·	·	·	·	·	·	$2.59B	$2.19B	$2.03B	$2.61B	$4.95B	$4.92B
Operating Income	$649M	$492M	$417M	$334M	$257M	$-155M	$397M	$315M	$368M	$479M	$1.44B	$1.25B
Interest Expense	·	·	·	·	·	$219M	$222M	$179M	$184M	$182M	$195M	$193M
Interest Income	·	·	·	·	·	$3M	$7M	$12M	$10M	$5M	$2M	$2M
Other Non-op	$400.0K	$4M	$-2M	$-208M	$-202M	$-370M	$-216M	$-164M	$700.0K	$8M	$6M	$5M
Pretax Income	$375M	$222M	$149M	$126M	$55M	$-525M	$181M	$152M	$195M	$310M	$1.25B	$1.06B
Income Tax	$91M	$50M	$9M	$28M	$16M	$-274M	$59M	$43M	$-415M	$107M	$426M	$355M
Net Income	$253M	$138M	$106M	$60M	$182M	$-147M	$138M	$159M	$702M	$344M	$796M	$678M
EPS (Basic)	$3.13	$1.69	$1.31	$0.73	$1.79	$-1.27	$1.09	$1.09	$4.62	$2.25	$5.14	$4.35
EPS (Diluted)	$3.05	$1.64	$1.27	$0.71	$1.75	$-1.27	$1.07	$1.07	$4.52	$2.25	$5.08	$4.19
Shares (Basic)	80,800,000	81,900,000	81,200,000	81,900,000	101,500,000	115,900,000	125,600,000	144,000,000	148,600,000	148,400,000	150,200,000	151,000,000
Shares (Diluted)	82,900,000	84,200,000	83,400,000	84,200,000	103,800,000	115,900,000	127,300,000	146,400,000	152,000,000	148,600,000	152,200,000	156,700,000
EBITDA	$954M	$785M	$710M	$610M	$522M	$142M	$700M	$567M	$844M	$1.03B	$1.71B	$1.50B

Balance Sheet 20

Annual Balance Sheet data for TRN
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$201M	$228M	$106M	$80M	$167M	$132M	$166M	$179M	$779M	$742M	$982M	$888M
Short-term Investments	·	·	·	·	·	·	·	·	·	·	·	$75M
Inventory	$469M	$476M	$684M	$629M	$433M	$285M	$433M	$525M	$403M	$666M	$943M	$1.07B
PP&E (Net)	$6.62B	$6.99B	$7.00B	$6.89B	$6.85B	$6.97B	$7.11B	$6.33B	$5.56B	$5.97B	$5.35B	$4.90B
PP&E (Gross)	$9.26B	$9.75B	$9.54B	$9.27B	$9.11B	$9.09B	$9.27B	$8.25B	$7.33B	$7.98B	$7.15B	$6.59B
Accum. Depreciation	$2.64B	$2.76B	$2.53B	$2.39B	$2.26B	$2.12B	$2.16B	$1.92B	$1.77B	$2.01B	$1.80B	$1.68B
Goodwill	$222M	$222M	$222M	$196M	$154M	$147M	$209M	$209M	$209M	$754M	$754M	$773M
Intangibles	$110M	$99M	$107M	$79M	$28M	$9M	$19M	$22M	$10M	$80M	$87M	$59M
Total Assets	$8.42B	$8.83B	$8.91B	$8.72B	$8.24B	$8.70B	$8.70B	$7.99B	$9.54B	$9.13B	$8.89B	$8.70B
Capital Leases	·	·	$118M	$115M	$106M	$97M	$45M	·	·	·	·	·
Deferred Tax	·	·	·	·	$1.11B	$1.05B	$798M	$732M	$709M	$1.06B	$735M	$615M
Total Liabilities	$7.28B	$7.53B	$7.63B	$7.45B	$6.94B	$6.69B	$6.32B	$5.43B	$4.69B	$4.81B	$4.84B	$5.30B
Common Stock	$800.0K	$800.0K	$800.0K	$800.0K	$800.0K	$1M	$1M	$1M	$2M	$2M	$2M	$156M
Paid-in Capital	$0	$9M	$15M	$0	$0	$0	$0	$1M	$482M	$535M	$548M	$463M
Retained Earnings	$1.08B	$1.05B	$1.01B	$993M	$1.05B	$1.77B	$2.18B	$2.33B	$4.12B	$3.50B	$3.22B	$2.49B
Treasury Stock	$900.0K	$600.0K	$600.0K	$700.0K	$600.0K	$800.0K	$900.0K	$1M	$2M	$2M	$1M	$1M
AOCI	$-4M	$-4M	$11M	$20M	$-17M	$-31M	$-153M	$-117M	$-105M	$-114M	$-115M	$-112M
Stockholders' Equity	$1.08B	$1.06B	$1.04B	$1.01B	$1.03B	$1.74B	$2.03B	$2.21B	$4.50B	$3.92B	$3.65B	$3.00B
Liabilities + Equity	$8.42B	$8.83B	$8.91B	$8.72B	$8.24B	$8.70B	$8.70B	$7.99B	$9.54B	$9.13B	$8.89B	$8.70B
Shares Outstanding	·	·	·	·	·	·	·	133,300,000	150,900,000	152,200,000	152,900,000	155,700,000

Cash Flow 20

Annual Cash Flow data for TRN
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$305M	$294M	$293M	$276M	$266M	$258M	$276M	$252M	$230M	$217M	$266M	$245M
Stock-based Comp	$23M	$24M	$23M	$22M	$21M	$25M	$28M	$29M	$22M	$31M	$61M	$53M
Deferred Tax	$78M	$-22M	$-42M	$15M	$13M	$238M	$53M	$58M	$-357M	$302M	$117M	$-6M
Amort. of Intangibles	$9M	$10M	$13M	$6M	$5M	·	·	·	·	·	·	·
Restructuring	$0	$4M	$-2M	$1M	$-4M	$11M	$15M	$0	$0	·	·	·
Other Non-cash	$-299M	$140M	$-85M	$-386M	$130M	$280M	$-112M	$-119M	$70M	$101M	$-301M	$-151M
Operating Cash Flow	$360M	$574M	$296M	$-13M	$612M	$652M	$394M	$379M	$762M	$1.09B	$940M	$819M
CapEx	$46M	$54M	$41M	$38M	$24M	$96M	$88M	$37M	$22M	$50M	$196M	$219M
Investing Cash Flow	$-386M	$-215M	$-363M	$-261M	$276M	$-533M	$-993M	$-490M	$-473M	$-1.02B	$-511M	$-815M
Debt Issued	·	·	·	·	·	·	·	·	·	·	·	$727M
Net Debt Issued	·	·	·	·	·	·	·	·	·	·	·	$541M
Stock Issued	·	·	·	·	·	·	·	$0	$0	$0	$300.0K	$600.0K
Stock Repurchased	$71M	$21M	$0	$52M	$833M	$191M	$225M	$506M	$79M	$35M	$115M	$36M
Net Stock Activity	$-71M	$-21M	$0	$-52M	$-833M	$-191M	$-225M	$-506M	$-79M	$-35M	$-115M	$-36M
Dividends Paid	$99M	$93M	$86M	$77M	$88M	$92M	$82M	$77M	$73M	$67M	$65M	$54M
Financing Cash Flow	$-25M	$-220M	$8M	$265M	$-814M	$-168M	$526M	$-512M	$-57M	$-308M	$-530M	$455M
Net Change in Cash	·	·	·	·	·	·	·	·	$215M	$-223M	$-102M	$459M
Taxes Paid	$51M	$55M	$42M	$19M	$-436M	$-62M	$-17M	$4M	$-80M	$-66M	$327M	$399M
Free Cash Flow	$314M	$520M	$254M	$-51M	$588M	$549M	$297M	$342M	$657M	$956M	$744M	$600M
Levered FCF	·	·	·	·	·	$449M	$143M	$213M	$304M	$839M	$615M	$471M

Profitability 7

Annual Profitability data for TRN
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Operating Margin	30.1%	16.0%	14.0%	16.9%	16.9%	-6.2%	13.9%	12.6%	15.0%	16.2%	22.5%	20.3%
Net Margin	11.7%	4.5%	3.5%	3.0%	12.0%	-7.4%	4.6%	6.3%	19.2%	7.5%	12.5%	11.0%
Pretax Margin	17.4%	7.2%	5.0%	6.4%	3.6%	-24.7%	6.7%	6.0%	10.2%	12.3%	19.6%	17.2%
EBITDA Margin	44.2%	25.5%	23.8%	30.9%	34.5%	7.1%	23.3%	22.6%	23.1%	22.3%	26.7%	24.2%
ROA	2.9%	1.6%	1.2%	0.71%	2.1%	-1.7%	1.7%	1.8%	7.5%	3.8%	9.1%	8.5%
ROE	23.7%	13.2%	10.3%	5.9%	13.2%	-7.8%	6.5%	4.8%	16.7%	9.1%	24.0%	25.1%
ROIC	45.7%	35.9%	37.8%	25.8%	17.8%	-3.3%	14.2%	10.2%	23.4%	12.2%	26.0%	27.8%

Liquidity & Solvency 1

Annual Liquidity & Solvency data for TRN
Metric	Trend	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Interest Coverage		·	·	·	·	·	-0.6	1.9	1.8	3.0	4.1	7.4	6.5

Efficiency 2

Annual Efficiency data for TRN
Metric	Trend	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover		0.2	0.3	0.3	0.2	0.2	0.2	0.4	0.3	0.4	0.5	0.7	0.8
Inventory Turnover		3.4	4.2	3.7	3.0	3.2	4.0	4.9	4.2	4.2	4.3	4.6	4.9

Per Share 6

Annual Per Share data for TRN
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	·	·	·	·	·	·	·	$16.59	$29.83	$25.75	$23.90	$19.24
Revenue / Share	$26.02	$36.57	$35.77	$23.48	$14.61	$17.25	$23.61	$17.14	$24.10	$30.88	$42.00	$39.37
Cash Flow / Share	$4.34	$6.81	$3.54	$-0.15	$5.89	$5.62	$3.09	$2.59	$5.01	$7.34	$6.17	$5.23
Cash / Share	·	·	·	·	·	·	·	$1.34	$5.16	$3.70	$5.14	$5.70
Dividend / Share	$1	$1	$1	$1	$1	$1	$1	$1	$0	$0	$0	$0
EPS (TTM)	$3.05	$1.64	$1.27	$0.71	$1.75	$-1.27	$1.07	$1.07	$4.52	$2.25	$5.08	$4.19

Growth Rates 8

Annual Growth Rates data for TRN
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	-29.9%	3.2%	50.9%	30.4%	-13.4%	·	·	·	·	·	·	·
Revenue CAGR 3Y	2.9%	26.6%	19.5%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	4.3%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	86.0%	29.1%	78.9%	-59.4%	·	·	·	·	·	·	·	·
EPS CAGR 3Y	62.6%	-2.1%	·	·	·	·	·	·	·	·	·	·
Net Income YoY	82.9%	30.6%	76.4%	-67.0%	·	·	·	·	·	·	·	·
Net Income CAGR 3Y	61.5%	-8.7%	·	·	·	·	·	·	·	·	·	·
Dividend CAGR 5Y	1.5%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 12

Annual Valuation (TTM) data for TRN
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$2.16B	$3.08B	$2.98B	$1.98B	$1.52B	$1.75B	$2.75B	$2.51B	$2.40B	$3.09B	$6.39B	$6.17B
Net Income TTM	$253M	$138M	$106M	$60M	$182M	$-147M	$138M	$159M	$702M	$344M	$796M	$678M
Market Cap	·	·	·	·	·	·	·	$2.74B	$4.07B	$3.04B	$2.64B	$3.14B
P/E	8.7	21.4	20.9	41.6	17.3	-20.8	20.7	19.2	6.0	8.9	3.4	4.8
P/S	·	·	·	·	·	·	·	1.1	1.7	1.0	0.4	0.5
P/B	·	·	·	·	·	·	·	1.2	0.9	0.8	0.7	1.0
P / Cash Flow	·	·	·	·	·	·	·	7.2	5.3	2.8	2.8	3.8
P / FCF	·	·	·	·	·	·	·	8.0	6.2	3.2	3.6	5.2
Dividend Yield	·	·	·	·	·	·	·	2.8%	1.8%	2.2%	2.5%	1.7%
Earnings Yield	11.5%	4.7%	4.8%	2.4%	5.8%	-4.8%	4.8%	5.2%	16.8%	11.3%	29.4%	20.8%
Payout Ratio	39.0%	67.3%	81.1%	128.0%	48.6%	-62.3%	59.7%	48.6%	10.3%	19.4%	8.2%	8.0%
Annual Payout	$99M	$93M	$86M	$77M	$88M	$92M	$82M	$77M	$73M	$67M	$65M	$54M

Income Statement 13

Quarterly Income Statement data for TRN
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue	$492M	$611M	$454M	$506M	$585M	$629M	$799M	$841M	$810M	$798M	$821M	$722M	$642M	$591M	$497M	$417M
Cost of Revenue	$363M	$456M	$313M	$373M	$443M	$474M	$629M	$662M	$645M	$637M	$680M	$601M	$538M	$490M	$395M	$326M
SG&A Expense	$51M	$70M	$45M	$49M	$50M	$62M	$60M	$61M	$52M	$49M	$49M	$54M	$50M	$48M	$48M	$45M
Operating Income	$101M	$335M	$119M	$95M	$100M	$112M	$122M	$142M	$115M	$149M	$100M	$99M	$69M	$114M	$93M	$73M
Other Non-op	$-66M	$204M	$-70M	$-69M	$-63M	$209M	$-66M	$-67M	$-72M	$197M	$-68M	$-68M	$-64M	$-60M	$-54M	$-51M
Pretax Income	$35M	$265M	$48M	$26M	$36M	$48M	$56M	$75M	$43M	$80M	$32M	$31M	$5M	$53M	$38M	$22M
Income Tax	$8M	$68M	$11M	$4M	$7M	$7M	$16M	$17M	$11M	$7M	$6M	$7M	$-12M	$10M	$9M	$6M
Net Income	$24M	$187M	$30M	$14M	$22M	$29M	$31M	$54M	$24M	$63M	$22M	$17M	$4M	$31M	$26M	$4M
EPS (Basic)	$0.30	$2.34	$0.38	$0.17	$0.27	$0.35	$0.38	$0.66	$0.29	$0.78	$0.27	$0.21	$0.05	$0.38	$0.32	$0.04
EPS (Diluted)	$0.30	$2.28	$0.37	$0.17	$0.26	$0.34	$0.37	$0.65	$0.28	$0.76	$0.26	$0.20	$0.05	$0.37	$0.31	$0.04
Shares (Basic)	79,700,000	-162,600,000	80,500,000	81,300,000	81,600,000	-164,300,000	82,200,000	82,400,000	81,600,000	-162,400,000	81,600,000	81,200,000	80,800,000	-165,100,000	81,700,000	82,400,000
Shares (Diluted)	81,900,000	-165,700,000	81,900,000	82,900,000	83,800,000	-167,500,000	84,100,000	84,100,000	83,500,000	-166,700,000	83,500,000	83,400,000	83,200,000	-169,000,000	83,300,000	84,400,000
EBITDA	$174M	·	$196M	$171M	$174M	·	$122M	$142M	$189M	·	$100M	$99M	$143M	·	$93M	$73M

Balance Sheet 17

Quarterly Balance Sheet data for TRN
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Cash & Equivalents	$133M	$201M	$66M	$148M	$95M	$228M	$222M	$257M	$119M	·	$114M	$92M	$82M	·	$58M	$50M
Inventory	$483M	$469M	$555M	$460M	$450M	$476M	$549M	$617M	$643M	·	$679M	$622M	$633M	·	$686M	$631M
PP&E (Net)	$6.64B	$6.62B	$7.19B	$7.09B	$7.02B	$6.99B	$6.93B	$6.94B	$7.06B	·	$6.99B	$7.03B	$6.98B	·	$6.89B	$6.94B
PP&E (Gross)	$9.33B	$9.26B	$10.12B	$9.96B	$9.85B	$9.75B	$9.64B	$9.59B	$9.66B	·	$9.48B	$9.46B	$9.42B	·	$9.24B	$9.28B
Accum. Depreciation	$2.69B	$2.64B	$2.93B	$2.88B	$2.83B	$2.76B	$2.71B	$2.65B	$2.60B	·	$2.49B	$2.43B	$2.44B	·	$2.35B	$2.33B
Goodwill	$222M	$222M	$222M	$222M	$222M	$222M	$222M	$222M	$222M	·	$223M	$222M	$222M	·	$160M	$159M
Intangibles	·	$110M	·	·	·	$99M	·	·	·	·	·	·	·	·	·	·
Total Assets	$8.33B	$8.42B	$8.93B	$8.81B	$8.66B	$8.83B	$8.84B	$8.96B	$9.08B	·	$8.97B	$9.02B	$8.84B	·	$8.60B	$8.62B
Capital Leases	·	·	·	·	·	·	$113M	$115M	$118M	·	$110M	$111M	$112M	·	$112M	$114M
Total Liabilities	$7.18B	$7.28B	$7.68B	$7.55B	$7.37B	$7.53B	$7.54B	$7.65B	$7.79B	·	$7.72B	$7.77B	$7.59B	·	$7.34B	$7.37B
Common Stock	$800.0K	$800.0K	$800.0K	$800.0K	$800.0K	$800.0K	$800.0K	$800.0K	$800.0K	·	$800.0K	$800.0K	$800.0K	·	$800.0K	$800.0K
Paid-in Capital	$5M	$0	$6M	$0	$14M	$9M	$23M	$16M	$20M	·	$12M	$6M	$7M	·	$6M	$0
Retained Earnings	$1.08B	$1.08B	$1.02B	$1.01B	$1.05B	$1.05B	$1.05B	$1.04B	$1.01B	·	$971M	$971M	$976M	·	$998M	$991M
Treasury Stock	$8M	$900.0K	$21M	$500.0K	$9M	$600.0K	$7M	$600.0K	$1M	·	$1M	$700.0K	$2M	·	$15M	$700.0K
AOCI	$1M	$-4M	$-4M	$-4M	$-4M	$-4M	$-10M	$7M	$18M	·	$18M	$18M	$13M	·	$16M	$6M
Stockholders' Equity	$1.08B	$1.08B	$1.00B	$1.01B	$1.05B	$1.06B	$1.06B	$1.07B	$1.05B	·	$1.00B	$995M	$994M	·	$1.01B	$998M
Liabilities + Equity	$8.33B	$8.42B	$8.93B	$8.81B	$8.66B	$8.83B	$8.84B	$8.96B	$9.08B	·	$8.97B	$9.02B	$8.84B	·	$8.60B	$8.62B

Cash Flow 13

Quarterly Cash Flow data for TRN
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
D&A	$73M	$79M	$77M	$75M	$74M	$74M	$73M	$74M	$73M	$73M	$73M	$73M	$74M	$70M	$70M	$69M
Stock-based Comp	$5M	$6M	$6M	$5M	$5M	$6M	$7M	$6M	$5M	$4M	$6M	$6M	$6M	$6M	$6M	$6M
Deferred Tax	$6M	$64M	$19M	$1M	$-6M	$-21M	$-3M	$3M	$-2M	$-17M	$-16M	$4M	$-12M	$-2M	$11M	$4M
Restructuring	·	·	·	·	·	$4M	$0	$0	$0	$0	$0	$-2M	$-400.0K	$0	$0	$1M
Other Non-cash	$-10M	·	·	·	$-19M	·	·	·	$-48M	·	·	·	$27M	·	·	·
Operating Cash Flow	$98M	$177M	$44M	$62M	$76M	$202M	$78M	$242M	$52M	$88M	$73M	$36M	$99M	$55M	$5M	$-94M
CapEx	$6M	$19M	$9M	$9M	$9M	$22M	$16M	$11M	$5M	$12M	$9M	$14M	$7M	$12M	$7M	$16M
Investing Cash Flow	$-70M	$13M	$-156M	$-150M	$-92M	$-109M	$-49M	$68M	$-124M	$-47M	$-24M	$-89M	$-203M	$-72M	$12M	$-201M
Stock Repurchased	$7M	$12M	$20M	$31M	$8M	$14M	$6M	$900.0K	$0	$0	$0	·	·	$15M	$14M	$22M
Net Stock Activity	$-7M	·	·	·	$-8M	·	·	·	·	·	·	·	·	·	·	·
Dividends Paid	$25M	$24M	$24M	$26M	$25M	$23M	$23M	$24M	$23M	$21M	$21M	$22M	$21M	$19M	$19M	$20M
Financing Cash Flow	$-99M	$-105M	$36M	$169M	$-124M	$-50M	$-61M	$-180M	$72M	$-73M	$-78M	$87M	$72M	$72M	$-86M	$250M
Free Cash Flow	$92M	·	·	·	$67M	·	·	·	$48M	·	·	·	$92M	·	·	·

Profitability 7

Quarterly Profitability data for TRN
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Operating Margin	20.5%	·	26.1%	18.9%	17.1%	·	15.3%	16.9%	14.2%	·	12.2%	13.7%	10.8%	·	18.7%	17.5%
Net Margin	4.9%	·	6.7%	2.8%	3.8%	·	3.9%	6.5%	2.9%	·	2.6%	2.4%	0.69%	·	5.2%	0.89%
Pretax Margin	7.1%	·	10.6%	5.1%	6.2%	·	7.1%	8.9%	5.3%	·	3.9%	4.3%	0.83%	·	7.7%	5.3%
EBITDA Margin	35.3%	·	43.0%	33.7%	29.7%	·	15.3%	16.9%	23.3%	·	12.2%	13.7%	22.3%	·	18.7%	17.5%
ROA	0.28%	·	0.34%	0.16%	0.25%	·	0.35%	0.61%	0.26%	·	0.25%	0.19%	0.05%	·	0.30%	0.04%
ROE	2.3%	·	2.9%	1.4%	2.1%	·	3.0%	5.3%	2.3%	·	2.2%	1.7%	0.43%	·	2.2%	0.31%
ROIC	7.1%	·	9.1%	8.0%	7.5%	·	8.4%	10.3%	8.2%	·	8.2%	7.6%	22.0%	·	7.1%	5.4%

Efficiency 2

Quarterly Efficiency data for TRN
Metric	Trend	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Asset Turnover		0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.0
Inventory Turnover		0.8	·	0.6	0.7	0.8	·	1.0	1.1	1.0	·	1.0	1.0	0.9	·	0.7	0.7

Per Share 4

Quarterly Per Share data for TRN
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue / Share	$6.01	·	$5.54	$6.11	$6.99	·	$9.50	$10.00	$9.70	·	$9.84	$8.66	$7.71	·	$5.96	$4.94
Cash Flow / Share	$1.19	·	·	·	$0.91	·	·	·	$0.63	·	·	·	$1.19	·	·	·
Dividend / Share	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
EPS (TTM)	$3.12	·	$1.14	$1.14	$1.62	·	$2.05	$1.94	$1.49	·	$0.89	$0.94	$0.78	·	$1.71	$1.73

Valuation (TTM) 5

Quarterly Valuation (TTM) data for TRN
Metric	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue TTM	$2.06B	·	$2.18B	$2.52B	$2.85B	·	$3.25B	$3.27B	$3.15B	·	$2.78B	$2.45B	$2.15B	·	$1.86B	$1.78B
Net Income TTM	$255M	·	$95M	$96M	$137M	·	$172M	$163M	$125M	·	$74M	$78M	$65M	·	$163M	$169M
P/E	10.3	·	24.6	23.7	17.3	·	17.0	15.4	18.7	·	27.4	27.4	31.2	·	12.5	14.0
Earnings Yield	9.7%	·	4.1%	4.2%	5.8%	·	5.9%	6.5%	5.3%	·	3.7%	3.7%	3.2%	·	8.0%	7.1%
Payout Ratio	102.5%	·	·	·	111.3%	·	·	·	97.0%	·	·	·	479.5%	·	·	·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$2.16B	$3.08B	$2.98B	$1.98B	$1.52B
Operating Margin %	30.1%	16.0%	14.0%	16.9%	16.9%
Net Income	$253M	$138M	$106M	$60M	$182M
Diluted EPS	$3.05	$1.64	$1.27	$0.71	$1.75

Cash Flow

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	$314M	$520M	$254M	$-51M	$588M

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