Filing Flows › Trinity Industries (TRN) › Q2 2026 › vs Q1 2026
Trinity Industries (TRN) Q2 2026 vs Q1 2026 (quarter over quarter)
Trinity Industries's revenue fell $6.9M (-1%) from $492M in Q1 2026 to $485M in Q2 2026. The biggest changes: Leasing & Services −$4.7M (-2%); Manufacturing −$2.2M (-1%). Operating margin 41.2% against 20.5% (+20.6 pts).
Trinity Industries, Q2 2026: revenue $485M (-4% year over year), operating margin 41.2%, net earnings $98.3M, operating cash flow $68.9M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 41.2% | 20.5% | +20.6 pts |
| Net margin | 20.3% | 5.0% | +15.2 pts |
| Free cash flow margin | 11.8% | 18.6% | -6.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Leasing & Services | $281M | $285M | −$4.7M | -2% |
| Manufacturing | $204M | $207M | −$2.2M | -1% |
| Revenue | $485M | $492M | −$6.9M | -1% |
| Operating profit | $200M | $101M | $98.7M | +98% |
| Costs & expenses | $285M | $391M | −$106M | -27% |
| Pre-tax earnings | $130M | $33.3M | $96.8M | +291% |
| Other expense, net | $69.7M | $67.8M | $1.9M | +3% |
| Net earnings | $98.3M | $24.8M | $73.5M | +296% |
| Income tax | $31.8M | $8.5M | $23.3M | +274% |
| Operating cash sources | $175M | $102M | $73.0M | +71% |
| Depreciation & amortization | $71.5M | $72.6M | −$1.1M | -2% |
| Share-based compensation | $5.5M | $4.9M | $600K | +12% |
| Working capital & other | $106M | $4.5M | $102M | 24× |
| Operating cash flow | $68.9M | $97.8M | −$28.9M | -30% |
| Free cash flow (OCF − capex) | $57.2M | $91.5M | −$34.3M | -37% |
| Capital expenditures | $11.7M | $6.3M | $5.4M | +86% |
Questions
How much did Trinity Industries's revenue grow quarter over quarter in Q2 2026?
Trinity Industries's revenue fell $6.9M (-1%) from $492M in Q1 2026 to $485M in Q2 2026.
What drove Trinity Industries's revenue change in Q2 2026?
Leasing & Services −$4.7M (-2%); Manufacturing −$2.2M (-1%).