Trinity Industries Inc (TRN) - Net Assets
Based on the latest financial reports, Trinity Industries Inc (TRN) has net assets worth $1.15 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.33 Billion) and total liabilities ($7.18 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TRN goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.15 Billion |
| % of Total Assets | 13.75% |
| Annual Growth Rate | 5.0% |
| 5-Year Change | -11.68% |
| 10-Year Change | -73.43% |
| Growth Volatility | 16.58 |
Trinity Industries Inc - Net Assets Trend (1985–2025)
This chart illustrates how Trinity Industries Inc's net assets have evolved over time, based on quarterly financial data. See TRN cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Trinity Industries Inc (1985–2025)
The table below shows the annual net assets of Trinity Industries Inc from 1985 to 2025. For live valuation and market cap data, see TRN stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.15 Billion | -12.39% |
| 2024-12-31 | $1.31 Billion | +2.49% |
| 2023-12-31 | $1.28 Billion | +0.46% |
| 2022-12-31 | $1.27 Billion | -2.10% |
| 2021-12-31 | $1.30 Billion | -35.67% |
| 2020-12-31 | $2.02 Billion | -15.25% |
| 2019-12-31 | $2.38 Billion | -7.15% |
| 2018-12-31 | $2.56 Billion | -47.26% |
| 2017-12-31 | $4.86 Billion | +12.69% |
| 2016-12-31 | $4.31 Billion | +6.48% |
| 2015-12-31 | $4.05 Billion | +19.17% |
| 2014-12-31 | $3.40 Billion | +23.58% |
| 2013-12-31 | $2.75 Billion | +28.61% |
| 2012-12-31 | $2.14 Billion | +9.72% |
| 2011-12-31 | $1.95 Billion | +5.56% |
| 2010-12-31 | $1.85 Billion | +2.18% |
| 2009-12-31 | $1.81 Billion | -1.36% |
| 2008-12-31 | $1.83 Billion | +6.05% |
| 2007-12-31 | $1.73 Billion | +23.03% |
| 2006-12-31 | $1.40 Billion | +25.94% |
| 2005-12-31 | $1.11 Billion | +10.02% |
| 2004-12-31 | $1.01 Billion | +0.91% |
| 2003-12-31 | $1.00 Billion | +0.22% |
| 2002-12-31 | $1.00 Billion | -0.77% |
| 2001-12-31 | $1.01 Billion | +14.84% |
| 2000-12-31 | $879.00 Million | -5.08% |
| 1999-12-31 | $926.00 Million | -8.07% |
| 1998-12-31 | $1.01 Billion | +13.50% |
| 1997-12-31 | $887.50 Million | +9.64% |
| 1996-12-31 | $809.50 Million | +8.51% |
| 1995-12-31 | $746.00 Million | +16.34% |
| 1994-12-31 | $641.20 Million | +12.39% |
| 1993-12-31 | $570.50 Million | +2.04% |
| 1992-12-31 | $559.10 Million | +39.08% |
| 1991-12-31 | $402.00 Million | +16.62% |
| 1990-12-31 | $344.70 Million | +0.82% |
| 1989-12-31 | $341.90 Million | +32.88% |
| 1988-12-31 | $257.30 Million | +27.88% |
| 1987-12-31 | $201.20 Million | +23.82% |
| 1986-12-31 | $162.50 Million | +0.06% |
| 1985-12-31 | $162.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trinity Industries Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 660.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.08 Billion | 100.40% |
| Common Stock | $1.08 Billion | 100.00% |
| Total Equity | $1.08 Billion | 100.00% |
Trinity Industries Inc Competitors by Market Cap
The table below lists competitors of Trinity Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ChronoScale Corporation
NASDAQ:CHRN
|
$2.72 Billion |
|
First Advantage Corp
NASDAQ:FA
|
$2.72 Billion |
|
BSP Financial Group Ltd
AU:BFL
|
$2.73 Billion |
|
Aroundtown SA
F:AT1
|
$2.73 Billion |
|
PUMA SE
XETRA:PUM
|
$2.72 Billion |
|
Exxaro Resources Ltd
JSE:EXX
|
$2.72 Billion |
|
SpareBank 1 Østlandet
OL:SPOL
|
$2.72 Billion |
|
Treasury Wine Estates Ltd
AU:TWE
|
$2.72 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trinity Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,058,900,000 to 1,077,200,000, a change of 18,300,000 (1.7%).
- Net income of 253,100,000 contributed positively to equity growth.
- Dividend payments of 98,700,000 reduced retained earnings.
- Share repurchases of 71,300,000 reduced equity.
- Other comprehensive income increased equity by 4,200,000.
- Other factors decreased equity by 69,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $253.10 Million | +23.5% |
| Dividends Paid | $98.70 Million | -9.16% |
| Share Repurchases | $71.30 Million | -6.62% |
| Other Comprehensive Income | $4.20 Million | +0.39% |
| Other Changes | $-69.00 Million | -6.41% |
| Total Change | $- | 1.73% |
Book Value vs Market Value Analysis
This analysis compares Trinity Industries Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.65x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 19.09x to 2.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $1.81 | $34.47 | x |
| 1986-12-31 | $2.19 | $34.47 | x |
| 1987-12-31 | $2.53 | $34.47 | x |
| 1988-12-31 | $3.03 | $34.47 | x |
| 1989-12-31 | $4.00 | $34.47 | x |
| 1990-12-31 | $3.63 | $34.47 | x |
| 1991-12-31 | $4.19 | $34.47 | x |
| 1992-12-31 | $5.26 | $34.47 | x |
| 1993-12-31 | $4.72 | $34.47 | x |
| 1994-12-31 | $5.28 | $34.47 | x |
| 1995-12-31 | $5.95 | $34.47 | x |
| 1996-12-31 | $6.30 | $34.47 | x |
| 1997-12-31 | $6.74 | $34.47 | x |
| 1998-12-31 | $7.70 | $34.47 | x |
| 1999-12-31 | $7.74 | $34.47 | x |
| 2000-12-31 | $7.82 | $34.47 | x |
| 2001-12-31 | $8.69 | $34.47 | x |
| 2002-12-31 | $7.36 | $34.47 | x |
| 2003-12-31 | $7.34 | $34.47 | x |
| 2004-12-31 | $7.26 | $34.47 | x |
| 2005-12-31 | $7.26 | $34.47 | x |
| 2006-12-31 | $8.85 | $34.47 | x |
| 2007-12-31 | $10.74 | $34.47 | x |
| 2008-12-31 | $11.49 | $34.47 | x |
| 2009-12-31 | $11.82 | $34.47 | x |
| 2010-12-31 | $11.99 | $34.47 | x |
| 2011-12-31 | $12.52 | $34.47 | x |
| 2012-12-31 | $13.24 | $34.47 | x |
| 2013-12-31 | $17.98 | $34.47 | x |
| 2014-12-31 | $21.68 | $34.47 | x |
| 2015-12-31 | $26.60 | $34.47 | x |
| 2016-12-31 | $29.01 | $34.47 | x |
| 2017-12-31 | $31.96 | $34.47 | x |
| 2018-12-31 | $17.50 | $34.47 | x |
| 2019-12-31 | $18.69 | $34.47 | x |
| 2020-12-31 | $17.39 | $34.47 | x |
| 2021-12-31 | $12.49 | $34.47 | x |
| 2022-12-31 | $12.02 | $34.47 | x |
| 2023-12-31 | $12.44 | $34.47 | x |
| 2024-12-31 | $12.58 | $34.47 | x |
| 2025-12-31 | $12.99 | $34.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trinity Industries Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 23.50%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.73%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 7.82x
- Recent ROE (23.50%) is above the historical average (8.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 0.55% | 0.21% | 0.94x | 2.85x | $-15.34 Million |
| 1986 | 3.51% | 1.16% | 0.97x | 3.11x | $-10.55 Million |
| 1987 | 6.46% | 2.05% | 1.09x | 2.88x | $-7.12 Million |
| 1988 | 11.78% | 3.03% | 1.10x | 3.54x | $4.57 Million |
| 1989 | 11.17% | 2.92% | 1.36x | 2.82x | $4.01 Million |
| 1990 | 8.73% | 2.38% | 1.33x | 2.76x | $-4.37 Million |
| 1991 | 5.50% | 1.85% | 1.12x | 2.64x | $-18.10 Million |
| 1992 | 8.05% | 2.92% | 1.32x | 2.09x | $-10.91 Million |
| 1993 | 13.36% | 4.27% | 1.37x | 2.29x | $19.15 Million |
| 1994 | 13.90% | 3.85% | 1.63x | 2.21x | $24.98 Million |
| 1995 | 15.25% | 4.56% | 1.71x | 1.95x | $39.20 Million |
| 1996 | 16.99% | 6.15% | 1.65x | 1.68x | $56.55 Million |
| 1997 | 11.68% | 4.19% | 1.57x | 1.77x | $14.95 Million |
| 1998 | 18.40% | 6.33% | 1.78x | 1.63x | $84.57 Million |
| 1999 | 17.87% | 6.04% | 1.56x | 1.90x | $72.90 Million |
| 2000 | -8.46% | -3.91% | 1.04x | 2.08x | $-162.30 Million |
| 2001 | -3.44% | -2.57% | 0.69x | 1.93x | $-135.64 Million |
| 2002 | -1.96% | -1.32% | 0.77x | 1.94x | $-119.76 Million |
| 2003 | -1.00% | -0.70% | 0.71x | 2.00x | $-110.38 Million |
| 2004 | -0.92% | -0.42% | 0.99x | 2.18x | $-110.59 Million |
| 2005 | 7.74% | 2.97% | 1.12x | 2.32x | $-25.14 Million |
| 2006 | 16.39% | 7.15% | 0.94x | 2.44x | $89.75 Million |
| 2007 | 16.97% | 7.65% | 0.95x | 2.34x | $120.43 Million |
| 2008 | 15.61% | 7.36% | 0.79x | 2.68x | $102.68 Million |
| 2009 | -7.62% | -5.35% | 0.55x | 2.58x | $-318.33 Million |
| 2010 | 3.65% | 3.08% | 0.38x | 3.12x | $-117.17 Million |
| 2011 | 7.30% | 4.62% | 0.50x | 3.14x | $-52.63 Million |
| 2012 | 12.43% | 6.69% | 0.57x | 3.25x | $49.90 Million |
| 2013 | 13.66% | 8.60% | 0.60x | 2.66x | $100.59 Million |
| 2014 | 19.96% | 10.99% | 0.71x | 2.57x | $338.46 Million |
| 2015 | 19.67% | 12.46% | 0.72x | 2.19x | $391.63 Million |
| 2016 | 7.97% | 7.49% | 0.50x | 2.12x | $-87.51 Million |
| 2017 | 14.46% | 19.18% | 0.38x | 1.96x | $216.70 Million |
| 2018 | 6.22% | 6.35% | 0.31x | 3.12x | $-96.90 Million |
| 2019 | 5.78% | 5.00% | 0.32x | 3.66x | $-100.29 Million |
| 2020 | -7.31% | -8.42% | 0.20x | 4.32x | $-348.90 Million |
| 2021 | 14.03% | 12.01% | 0.18x | 6.35x | $52.32 Million |
| 2022 | 5.94% | 3.04% | 0.23x | 8.62x | $-41.14 Million |
| 2023 | 10.22% | 3.55% | 0.33x | 8.59x | $2.29 Million |
| 2024 | 13.07% | 4.49% | 0.35x | 8.34x | $32.51 Million |
| 2025 | 23.50% | 11.73% | 0.26x | 7.82x | $145.38 Million |
Industry Comparison
This section compares Trinity Industries Inc's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $3,440,333,799
- Average return on equity (ROE) among peers: -531.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trinity Industries Inc (TRN) | $1.15 Billion | 0.55% | 6.27x | $2.72 Billion |
| CSX Corporation (CSX) | $11.67 Billion | 16.86% | 2.00x | $82.50 Billion |
| LB Foster Company (FSTR) | $232.59 Million | 6.76% | 0.43x | $436.75 Million |
| Greenbrier Companies Inc (GBX) | $1.46 Billion | 3.22% | 1.64x | $1.47 Billion |
| Norfolk Southern Corporation (NSC) | $12.41 Billion | 16.12% | 1.68x | $73.44 Billion |
| Freightcar America Inc (RAIL) | $197.03 Million | 2.34% | 0.98x | $160.18 Million |
| Rail Vision Ltd. Ordinary Share (RVSN) | $2.79 Million | -400.00% | 1.12x | $9.65 Million |
| Swvl Holdings Corp (SWVL) | $2.63 Million | -4430.89% | 20.86x | $15.54 Million |
| Union Pacific Corporation (UNP) | $3.41 Billion | -13.50% | 2.19x | $152.51 Billion |
| Westinghouse Air Brake Technologies Corp (WAB) | $1.59 Billion | 18.41% | 0.78x | $45.10 Billion |
About Trinity Industries Inc
Trinity Industries, Inc. provides railcar products and services under the TrinityRail trade name in North America. The company operates in two segments, Railcar Leasing and Services Group, and Rail Products Group. The Railcar Leasing and Services Group segment leases freight and tank railcars; originates and manages railcar leases for third-party investors; and provides fleet leasing, management,… Read more