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How Trinity Industries (TRN) makes money
Trinity Industries (TRN) made $535M of revenue in the third quarter 2026 (Q3 2026), +18% from a year earlier. Leasing & Services brought in $286M (53%); Manufacturing brought in $249M (47%). Of every dollar of revenue, 18¢ was left as operating profit, 3¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Leasing & Services | $286M | 53.4% | +2% | -5% |
| Manufacturing | $249M | 46.6% | +22% | +62% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $535M | 100.0% |
| Operating profit | $95.6M | 17.9% |
| Income tax | $8.8M | 1.6% |
| Net earnings | $17.6M | 3.3% |
| Operating cash flow | $66.3M | 12.4% |
| Free cash flow | $49.6M | 9.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $535M | +18% |
| Q2 2026 | $485M | -4% |
| Q1 2026 | $492M | -16% |
| Q4 2025 | $611M | -3% |
| Q3 2025 | $454M | -43% |
| Q2 2025 | $506M | -40% |
| Q1 2025 | $585M | -28% |
From Trinity Industries' 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Trinity Industries make money?
Trinity Industries (TRN) made $535M of revenue in the third quarter 2026 (Q3 2026), +18% from a year earlier. Leasing & Services brought in $286M (53%); Manufacturing brought in $249M (47%). Of every dollar of revenue, 18¢ was left as operating profit, 3¢ was left as net earnings.
What is Trinity Industries' biggest business?
Leasing & Services: $286M in the third quarter 2026, 53% of revenue, -5% from a year earlier.
What is Trinity Industries' profit margin?
Net earnings were $17.6M, 3.3% of revenue, in the third quarter 2026; the operating margin was 17.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.