Filing Flows › Trinity Industries (TRN) › Q3 2026 › vs Q3 2025
Trinity Industries (TRN) Q3 2026 vs Q3 2025 (year over year)
Trinity Industries's revenue rose $81.0M (+18%) from $454M in Q3 2025 to $535M in Q3 2026. The biggest changes: Manufacturing +$95.8M (+62%); Leasing & Services −$14.8M (-5%). Operating margin 17.9% against 26.1% (-8.3 pts).
Trinity Industries, Q3 2026: revenue $535M (+18% year over year), operating margin 17.9%, net earnings $17.6M, operating cash flow $66.3M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 17.9% | 26.1% | -8.3 pts |
| Net margin | 3.3% | 6.7% | -3.4 pts |
| Free cash flow margin | 9.3% | 7.8% | +1.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Leasing & Services | $286M | $301M | −$14.8M | -5% |
| Manufacturing | $249M | $153M | $95.8M | +62% |
| Revenue | $535M | $454M | $81.0M | +18% |
| Operating profit | $95.6M | $119M | −$23.0M | -19% |
| Costs & expenses | $440M | $336M | $104M | +31% |
| Pre-tax earnings | $26.3M | $47.1M | −$20.8M | -44% |
| Other expense, net | $69.3M | $71.5M | −$2.2M | -3% |
| Loss borne by minority interests | $100K | −$5.7M | $5.8M | — |
| Net earnings | $17.6M | $30.3M | −$12.7M | -42% |
| Income tax | $8.8M | $11.1M | −$2.3M | -21% |
| Operating cash sources | $94.4M | $113M | −$18.7M | -17% |
| Depreciation & amortization | $70.5M | $76.9M | −$6.4M | -8% |
| Share-based compensation | $6.3M | $5.9M | $400K | +7% |
| Working capital & other | $28.1M | $68.9M | −$40.8M | -59% |
| Operating cash flow | $66.3M | $44.2M | $22.1M | +50% |
| Free cash flow (OCF − capex) | $49.6M | $35.3M | $14.3M | +41% |
| Capital expenditures | $16.7M | $8.9M | $7.8M | +88% |
Questions
How much did Trinity Industries's revenue grow year over year in Q3 2026?
Trinity Industries's revenue rose $81.0M (+18%) from $454M in Q3 2025 to $535M in Q3 2026.
What drove Trinity Industries's revenue change in Q3 2026?
Manufacturing +$95.8M (+62%); Leasing & Services −$14.8M (-5%).