Filing Flows › Trinity Industries (TRN) › Q2 2026
Trinity Industries (TRN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Trinity Industries (TRN) reported revenue of $485M for the second quarter 2026 (Q2 2026), -4% from a year earlier and -1% from the quarter before. Operating margin was 41.2%, net earnings $98.3M (20.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $485M | -1% | -4% |
| Operating profit | $200M | +98% | +109% |
| Net earnings | $98.3M | +296% | +392% |
| Operating cash flow | $68.9M | -30% | +12% |
| Free cash flow | $57.2M | -37% | +8% |
What changed
Revenue was $485.1M in Q2 2026, down 4% year over year and down 1% from the previous quarter. Leasing & Services was the largest line at 58% of revenue. Leasing & Services lost $21.5M year over year (down 7%), 102% of the total change.
Operating profit was $199.8M, a 41.2% margin (up 22.3 points year over year). Total costs fell 31% while revenue fell 4%. Net earnings were $98.3M, up 597% year over year. The effective tax rate was 24.4%.
Operating cash flow was $68.9M (up 12% year over year), 70% of net earnings. Non-cash charges added back $71.5M of depreciation and amortization and $5.5M of share-based compensation. Working capital and other items used $106.4M. Capital expenditures of $11.7M left free cash flow of $57.2M.
Questions
What was Trinity Industries' revenue in the second quarter 2026?
Trinity Industries (TRN) reported revenue of $485M for the second quarter 2026 (Q2 2026), -4% from a year earlier and -1% from the quarter before.
Was Trinity Industries profitable in the second quarter 2026?
Operating profit was $200M (41.2% of revenue) and net earnings $98.3M.
Source: Trinity Industries 10-Q on SEC EDGAR.