Trinity Industries, Inc.

TRNNYSEIndustrials● Active

$32.76

+$0.19(+0.58%)

Market Cap$2.6B

P/E Ratio—

52W High$37.36

52W Low$22.38

Avg Volume680K

Open$32.88

Beta1.36

Free Cash Flow Financials Revenue

Trinity Industries, Inc. (TRN) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

TRN · free cash flow · updated Jun 8, 2026

Core FCF metrics

TRN · FCF · TTM · margin & CAGR

Free cash flow was −$435.2M for FY2025 (fiscal year ending 2025-12-31), down 1887.2% year-over-year The FCF margin was -20.2%.

FY2025 Free Cash Flow−$435.2M▼ -1887.2% YoY

Trailing 12M (TTM)−$441.8Mtrailing 4 quarters sum

FCF Margin-20.2%−$435.2M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

TRN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$359.7M(795M)−$435.2M▼ 1887.2%-20.2%

FY2024$573.8M(596M)−$21.9M▲ +94.7%-0.7%

FY2023$295.6M(710M)−$414.5M▲ +57.7%-13.9%

FY2022−$12.8M(967M)−$979.6M▼ 2489.3%-49.5%

FY2021$611.8M(571M)$41.0M▲ +188.4%2.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

TRN · P/FCF · FCF yield · FCF per share

Trinity Industries, Inc. (TRN) reported negative free cash flow of −$0.44B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

TRN · cash flow statement · operating / investing / financing

For FY2025, Trinity Industries, Inc. generated $359.7M in operating cash flow and spent 795M in capital expenditures, yielding −$435.2M in free cash flow.

Operating Activities

+$359.7M

Cash from core business operations

2025-12-31

Investing Activities

−$385.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$24.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($359.7M) − |CapEx| (795M) = FCF (−$435.2M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

TRN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Trinity Industries, Inc.YOU

TRN

−$435.2M-1887.2%-20.2%

Loss

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Trinity Industries, Inc. (TRN) reported free cash flow of −$435.2M for FY2025 (fiscal year ending 2025-12-31), down 1887.2% year-over-year. The FCF margin was -20.2%.

Based on available data, Trinity Industries, Inc. has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $354.6M in FY2014.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

TRN free cash flow · 8 questions

Trinity Industries, Inc. free cash flow was −$435.2M for FY2025, down 1887.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$441.8M.

TRN free cash flowTRN FCFTRN FCF 2025TRN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Trinity Industries, Inc. · Trinity Industries, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026