TRNTRINITY INDUSTRIES INC
Railroad Equipment
- Revenue
- $2.2B
- 30% YoY
- Operating margin
- 30.1%
- 89% YoY
- EBITDA
- $954M
- 22% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 5.4×
- $5.2B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear130% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear47% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear3% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.5B | $2.0B | $3.0B | $3.1B | $2.2B | 30% |
| Operating income | $257M | $334M | $417M | $492M | $649M | 32% |
| Net income | $182M | $73M | $127M | $157M | $277M | 77% |
| Operating cash flow | $612M | −$13M | $296M | $574M | $360M | 37% |
| Capex | $24M | $38M | $41M | $54M | $46M | 15% |
| Stock-based comp | $21M | $23M | $23M | $24M | $23M | 3.0% |
| Buybacks | $833M | $52M | $0 | $21M | $71M | 244% |
| Dividends | $89M | $77M | $86M | $93M | $99M | 5.9% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 121 | 176 |
| FY2024 | — | — | 154 | 164 |
| FY2023 | — | — | 112 | 143 |
| FY2022 | — | — | 120 | 113 |
| FY2021 | — | — | 118 | 120 |