Filing Flows › Trinity Industries (TRN) › Q2 2026 › vs Q2 2025
Trinity Industries (TRN) Q2 2026 vs Q2 2025 (year over year)
Trinity Industries's revenue fell $21.1M (-4%) from $506M in Q2 2025 to $485M in Q2 2026. The biggest changes: Leasing & Services −$21.5M (-7%); Manufacturing +$400K (+0.2%). Operating margin 41.2% against 18.8% (+22.3 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 41.2% | 18.8% | +22.3 pts |
| Net margin | 20.3% | 4.0% | +16.3 pts |
| Free cash flow margin | 11.8% | 10.5% | +1.3 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Leasing & Services | $281M | $302M | −$21.5M | -7% |
| Manufacturing | $204M | $204M | $400K | +0.2% |
| Revenue | $485M | $506M | −$21.1M | -4% |
| Operating profit | $200M | $95.4M | $104M | +109% |
| Costs & expenses | $285M | $411M | −$126M | -31% |
| Pre-tax earnings | $130M | $24.1M | $106M | +440% |
| Other expense, net | $69.7M | $71.3M | −$1.6M | -2% |
| Net earnings | $98.3M | $20.0M | $78.3M | +392% |
| Income tax | $31.8M | $4.1M | $27.7M | +676% |
| Operating cash sources | $175M | $101M | $74.7M | +74% |
| Depreciation & amortization | $71.5M | $75.2M | −$3.7M | -5% |
| Share-based compensation | $5.5M | $5.4M | $100K | +2% |
| Working capital & other | $106M | $39.0M | $67.4M | +173% |
| Operating cash flow | $68.9M | $61.6M | $7.3M | +12% |
| Free cash flow (OCF − capex) | $57.2M | $52.9M | $4.3M | +8% |
| Capital expenditures | $11.7M | $8.7M | $3.0M | +34% |
Questions
How much did Trinity Industries's revenue grow year over year in Q2 2026?
Trinity Industries's revenue fell $21.1M (-4%) from $506M in Q2 2025 to $485M in Q2 2026.
What drove Trinity Industries's revenue change in Q2 2026?
Leasing & Services −$21.5M (-7%); Manufacturing +$400K (+0.2%).