TRN TRINITY INDUSTRIES INC

FY2025 10-K
Filed: Feb 19, 2026
Industrials
Railroad EquipmentSEC EDGAR

TRINITY INDUSTRIES INC (TRN) filed its fiscal year 2025 10-K annual report with the SEC on Feb 19, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

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
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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)
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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
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Financial Summary
XBRL

Revenue

$2.2B

Net Income

$253M

Operating Margin

30.1%

Net Margin

11.7%

ROE

23.5%

Total Assets

$8.4B

EPS (Diluted)

$3.05

Operating Cash Flow

$360M

Source: XBRL data from TRINITY INDUSTRIES INC FY2025 10-K filing on SEC EDGAR. All figures in USD.

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