Filing Flows › Trinity Industries (TRN) › Q3 2026
Trinity Industries (TRN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Trinity Industries (TRN) reported revenue of $535M for the third quarter 2026 (Q3 2026), +18% from a year earlier and +10% from the quarter before. Operating margin was 17.9%, net earnings $17.6M (3.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $535M | +10% | +18% |
| Operating profit | $95.6M | -52% | -19% |
| Net earnings | $17.6M | -82% | -42% |
| Operating cash flow | $66.3M | -4% | +50% |
| Free cash flow | $49.6M | -13% | +41% |
What changed
Revenue was $535.1M in Q3 2026, up 18% year over year and up 10% from the previous quarter. Leasing & Services was the largest line at 53% of revenue. Manufacturing added $95.8M year over year (up 62%), 118% of the total change. Leasing & Services declined 5%.
Operating profit was $95.6M, a 17.9% margin (down 8.3 points year over year). Operating profit fell $23.0M even though revenue rose $81.0M versus Q3 2025, so costs grew faster than sales. Total costs grew 31% against revenue growth of 18%. Net earnings were $17.6M, down 42% year over year. The effective tax rate was 33.5%.
Operating cash flow was $66.3M (up 50% year over year), 379% of net earnings. Non-cash charges added back $70.5M of depreciation and amortization and $6.3M of share-based compensation. Working capital and other items used $28.0M. Capital expenditures of $16.7M left free cash flow of $49.6M.
Questions
What was Trinity Industries' revenue in the third quarter 2026?
Trinity Industries (TRN) reported revenue of $535M for the third quarter 2026 (Q3 2026), +18% from a year earlier and +10% from the quarter before.
Was Trinity Industries profitable in the third quarter 2026?
Operating profit was $95.6M (17.9% of revenue) and net earnings $17.6M.
Source: Trinity Industries 10-Q on SEC EDGAR.