TRN at a glance
TRINITY INDUSTRIES INC (TRN, SEC CIK 99780) filed its latest 10-K annual report on February 19, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on July 30, 2026 and Form 4 insider filings as recently as October 1, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), TRINITY INDUSTRIES INC (TRN) reported revenue of $2.2 billion (down 30.0% from FY2024) and net income of $253.1 million. Diluted EPS was $3.05.
- As of June 30, 2026, 29 institutional investment managers tracked by SignalX reported holding TRINITY INDUSTRIES INC (TRN) shares worth $1.5 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Poet Kevin on August 25, 2026 of 17,000 shares at $29.55 per share.
- In the last 90 days, TRN insiders reported 0 open-market purchases ($0) and 1 open-market sale ($502K) on Form 4, a net sale of $502K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $2.2B
- −30.0% vs prior year
- Insiders · 90 days
- 0 buys · 1 sell
- Net −$502K
- 13F holders
- 29 funds
- $1.5B · −1 vs prior quarter
- Latest 8-K
- Jul 30, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: North American railcar products and services platform including leasing, manufacturing, maintenance, and logistics under TrinityRail brand
- New emphasis: Green Financing Framework updated in June 2025 with $4B in qualifying green railcar debt for sustainable financing
- Strategic shift: Acquisition of noncontrolling interest in RIV 2013 making it wholly-owned, and divestiture of Triumph Rail Holdings reallocating railcars between ownership and investor-owned categories
- Quantitative metric: Lease fleet of 101,485 railcars at 97.1% utilization; total managed railcars 146,270; workforce 6,110 employees split between U.S. (2,650) and Mexico (3,460)
- Noteworthy fact: All manufacturing and maintenance facilities plus corporate HQ certified to ISO 14001 and ISO 45001, emphasizing environmental and occupational health standards
Risk Factors
- Regulatory risk from U.S. tariffs under Section 232 and Section 301 affecting Mexico-manufactured railcar exports to U.S.
- Geopolitical risk from Mexico operations exposure to political, legal, and trade instability impacting manufacturing and cross-border transportation
- Supply chain risk from reliance on limited suppliers for specialty railcar parts like brakes and wheels possibly causing production delays
- Competitive risk from aggressive industry rivalry impacting revenue and pricing; inability to sustain market leadership positions
- Financial risk from indebtedness with secured subsidiary assets potentially leading to foreclosure on default and restricted financial flexibility
Management Discussion & Analysis
- Revenue $2,156.9M in 2025, down 30.0% YoY from $3,079.2M due to lower Rail Products deliveries
- Operating profit $649.2M, up 32.1% YoY from $491.5M; operating margin improved to 30.1% from 15.9% (calculated as $649.2M/$2,156.9M vs $491.5M/$3,079.2M)
- Best performing segment: Railcar Leasing and Services with $1,206.6M revenue (+5.5%) and $708.4M operating profit (+52.7%); worst performing segment: Rail Products with $1,419.5M revenue (-41.6%) and $74.3M operating profit (-60.8%)
- Net cash from operations $366.9M vs $588.1M; net fleet investment $350.0M vs $181.2M; dividends paid $98.7M up from $93.2M; repurchased $71.3M stock, $157.7M authorization remaining
- Management increased quarterly dividend to $0.31 per share; highlights material cash requirements with $245M interest due next 12 months; flagged risk from lower Rail Products deliveries and workforce reduction costs
AI summary of the TRN 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- MD&A excerpt contains no quarterly revenue, YoY comparison, profitability, or segment results
- Cash position, operating cash flow, capital deployment, and outlook details not included
Risk Factors
- New tariff and trade-policy risk triggered by evolving Section 232 interpretations and other governmental trade measures
- Cross-border operating risk from heightened uncertainty in customer demand, commercial arrangements, and supply-chain planning
- Compliance risk from changing U.S. tariffs and customs-administration requirements
- Financial flexibility risk from $13.3 million quarterly share repurchases, reducing remaining authorization to $137.0 million
AI summary of the TRN 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Filing section contains only forward-looking statement cautionary language
- Investors should rely on the referenced financial release for fiscal 2026 results and outlook
Item 1.01: Entry into a Material Definitive Agreement
- $600M unsecured revolving credit facility, replacing the 2022 agreement
- Maturity June 12, 2031, accelerated to April 15, 2028 if 7.750% senior notes remain outstanding
Item 5.07: Submission of Matters to a Vote of Security Holders
- All eight director nominees elected to one-year terms, preserving board continuity
- Executive compensation approved on advisory basis with 63,091,993 votes for and 1,030,171 against
AI summaries of TRN 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for TRN
Don't miss the next TRN filing
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- Fund moves. Which tracked funds opened, added or cut TRN, by share count.
- Ask anything. An AI agent that reads every TRN filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Biesterfeld Robert C Jr | A | Sep 30, 2026 | 1,156 | $25.54 |
| MACLIN TODD | A | Sep 30, 2026 | 1,375 | $25.54 |
| ECHOLS LELDON E | A | Sep 30, 2026 | 924 | $25.54 |
| Poet Kevin | Sell | Aug 25, 2026 | 17,000 | $29.55 |
| Marchetto Eric R | F | May 15, 2026 | 7,126 | $34.26 |
| Biesterfeld Robert C Jr | A | Mar 31, 2026 | 902 | $32.18 |
| ECHOLS LELDON E | A | Mar 31, 2026 | 720 | $32.18 |
| MACLIN TODD | A | Mar 31, 2026 | 1,070 | $32.18 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $3.1B | $2.2B |
| Operating Income | - | $491.5M | $649.2M |
| Net Income | $106.0M | $138.4M | $253.1M |
| Op. Margin | - | 16.0% | 30.1% |
| Net Margin | - | 4.5% | 11.7% |
| Balance Sheet | |||
| Total Assets | $8.9B | $8.8B | $8.4B |
| Equity | - | $1.1B | $1.1B |
| ROE | - | 13.1% | 23.5% |
| Per Share | |||
| EPS | $1.27 | $1.64 | $3.05 |
| Cash Flow | |||
| Operating CF | - | $573.8M | $359.7M |
| CapEx | $41.3M | $53.8M | $45.6M |
Source: XBRL data in TRINITY INDUSTRIES INC (TRN)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate TRN share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 29 | $1.49B |
| Q1 2026 | 30 | $1.33B |
| Q4 2025 | 30 | $1.05B |
| Q3 2025 | 31 | $1.12B |
| Q2 2025 | 30 | $1.07B |
| Q1 2025 | 27 | $733.9M |
| Q4 2024 | 22 | $818.2M |
| Q3 2024 | 20 | $456.0M |
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- D.E. Shaw & Co−73.9K (-8%)
- Millennium Management−59.2K
Source: 13F-HR filings on SEC EDGAR (aggregated from 219 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
TRN filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Oct 1, 2026 | - | - | - |
| 4 | Aug 26, 2026 | - | - | - |
| SC 13G | Aug 14, 2026 | - | - | |
| SC 13G | Aug 7, 2026 | - | - | |
| 10-Q | Jul 30, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 30, 2026 | - | Analysis | - |
| 8-K | Jun 16, 2026 | - | Analysis | - |
| 8-K | May 21, 2026 | - | Analysis | |
| 4 | May 19, 2026 | - | - | |
| SC 13G | Apr 30, 2026 | - | - | |
| 10-Q | Apr 30, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | Apr 30, 2026 | - | Analysis | - |
| SC 13G | Apr 29, 2026 | - | - | |
| 8-K | Apr 21, 2026 | - | Analysis | - |
| 8-K | Apr 15, 2026 | - | Analysis | - |
| 8-K | Apr 6, 2026 | - | Analysis | - |
| 4 | Apr 2, 2026 | - | - | - |
| 4 | Apr 2, 2026 | - | - | - |
| 4 | Apr 2, 2026 | - | - | - |
| 4 | Mar 4, 2026 | - | - | - |
| 10-K | Feb 19, 2026 | Dec 31, 2025 | Analysis | |
| 8-K | Feb 17, 2026 | - | - | |
| 8-K | Feb 12, 2026 | - | - |
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TRN SEC filings: frequently asked questions
Are TRN insiders buying or selling?
In the last 90 days, TRINITY INDUSTRIES INC (TRN) officers, directors and 10% owners reported no open-market purchases and 1 open-market sale worth $502,350 by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold TRN stock?
As of June 30, 2026, the largest TRINITY INDUSTRIES INC (TRN) holders among the 13F filers tracked by SignalX were BlackRock ($461.9 million), Vanguard Portfolio Management LLC ($196.3 million), Dimensional Fund Advisors ($167.8 million), State Street Corp ($142.6 million), Vanguard Capital Management LLC ($123.7 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was TRN's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), TRINITY INDUSTRIES INC (TRN) reported revenue of $2.2 billion (down 30.0% from FY2024) and net income of $253.1 million. Diluted EPS was $3.05. The figures come from the XBRL data in the 10-K.
What are the main risks in TRN's latest 10-K?
In the 10-K filed February 19, 2026, TRINITY INDUSTRIES INC (TRN) flagged: Regulatory risk from U.S. tariffs under Section 232 and Section 301 affecting Mexico-manufactured railcar exports to U.S. Geopolitical risk from Mexico operations exposure to political, legal, and trade instability impacting manufacturing and cross-border transportation. (AI summary of the Risk Factors section.)
What did TRN report in its latest 8-K?
TRINITY INDUSTRIES INC (TRN) filed an 8-K on July 30, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Filing section contains only forward-looking statement cautionary language.
What are the latest TRN SEC filings?
TRINITY INDUSTRIES INC (TRN) filed its latest 10-K annual report on February 19, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on July 30, 2026 and a Form 4 insider filing on October 1, 2026.
What is TRN's SEC CIK number?
TRINITY INDUSTRIES INC (TRN)'s SEC Central Index Key (CIK) is 99780. EDGAR lists every TRN filing under that number.
Ask anything about TRN
The research agent reads TRN's filings, financials, insider trades and 13F holders, then answers with sources.