Trinity Historical Income Statement

TRN Stock

USD 37.70 0.25 0.67%

Historical analysis of Trinity Industries income statement accounts such as Other Operating Expenses of 2.4 B, Operating Income of 293.9 M, EBIT of 281.1 M or Ebitda of 428 M can show how well Trinity Industries performed in making a profits. Evaluating Trinity Industries income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Trinity Industries's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Trinity Industries latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Trinity Industries is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trinity Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Trinity Stock, please use our How to Invest in Trinity Industries guide.

About Trinity Income Statement Analysis

Trinity Industries Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Trinity Industries shareholders. The income statement also shows Trinity investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Trinity Industries Income Statement Chart

At this time, Trinity Industries' Tax Provision is very stable compared to the past year. As of the 29th of November 2024, Interest Income is likely to grow to about 250.7 M, while Depreciation And Amortization is likely to drop about 147 M.

Total Revenue Other Operating Expenses Cost Of Revenue Tax Provision

Total Revenue

Total revenue comprises all receipts Trinity Industries generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Trinity Industries. It is also known as Trinity Industries overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on Trinity Industries income statement and represents the costs associated with goods and services Trinity Industries provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most accounts from Trinity Industries' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Trinity Industries current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trinity Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Trinity Stock, please use our How to Invest in Trinity Industries guide.At this time, Trinity Industries' Tax Provision is very stable compared to the past year. As of the 29th of November 2024, Interest Income is likely to grow to about 250.7 M, while Depreciation And Amortization is likely to drop about 147 M.

	2021	2022	2023	2024 (projected)
Interest Expense	191.4M	207.6M	265.5M	278.8M
Depreciation And Amortization	265.7M	276.4M	293.2M	147.0M

Interest Expense Depreciation And Amortization

Trinity Industries income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Discontinued Operations	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Minority Interest	Tax Provision	Interest Income	Net Interest Income	Extraordinary Items	Reconciled Depreciation
Depreciation And Amortization		0.5	0.41	0.43	0.43	0.23	0.28	0.44	0.41	0.6	0.19	-0.1	0.3	-0.03	0.55	0.37	0.23	-0.06	-0.07	0.0	-0.45	-0.3	0.0	0.15	-0.31
Interest Expense	0.5		0.21	0.13	0.23	0.06	0.11	0.19	0.24	0.0	-0.03	-0.57	-0.04	-0.06	0.15	-0.2	-0.05	-0.17	-0.11	-0.37	-0.4	0.14	-0.76	-0.39	0.04
Total Revenue	0.41	0.21		0.98	1.0	0.96	0.92	0.94	1.0	0.71	0.9	0.57	0.85	0.66	0.75	0.75	0.84	-0.29	0.31	0.5	0.38	0.02	0.26	0.2	0.44
Gross Profit	0.43	0.13	0.98		0.98	0.95	0.89	0.91	0.97	0.79	0.89	0.6	0.86	0.63	0.82	0.82	0.85	-0.23	0.24	0.5	0.34	-0.05	0.33	0.27	0.36
Other Operating Expenses	0.43	0.23	1.0	0.98		0.95	0.91	0.93	1.0	0.72	0.88	0.56	0.84	0.63	0.76	0.74	0.83	-0.27	0.29	0.48	0.35	-0.01	0.25	0.21	0.43
Operating Income	0.23	0.06	0.96	0.95	0.95		0.95	0.93	0.96	0.6	0.95	0.7	0.88	0.72	0.66	0.75	0.88	-0.39	0.44	0.61	0.51	0.09	0.31	0.2	0.51
Ebit	0.28	0.11	0.92	0.89	0.91	0.95		0.98	0.93	0.47	0.96	0.65	0.85	0.81	0.49	0.66	0.85	-0.55	0.6	0.74	0.57	0.22	0.29	0.07	0.51
Ebitda	0.44	0.19	0.94	0.91	0.93	0.93	0.98		0.94	0.55	0.94	0.59	0.85	0.75	0.56	0.68	0.83	-0.53	0.55	0.69	0.45	0.15	0.27	0.1	0.42
Cost Of Revenue	0.41	0.24	1.0	0.97	1.0	0.96	0.93	0.94		0.67	0.89	0.56	0.83	0.67	0.71	0.72	0.83	-0.31	0.33	0.5	0.4	0.05	0.23	0.17	0.46
Total Operating Expenses	0.6	0.0	0.71	0.79	0.72	0.6	0.47	0.55	0.67		0.51	0.43	0.65	0.15	0.95	0.8	0.59	0.2	-0.13	0.21	-0.13	-0.57	0.47	0.55	-0.05
Income Before Tax	0.19	-0.03	0.9	0.89	0.88	0.95	0.96	0.94	0.89	0.51		0.74	0.91	0.8	0.53	0.74	0.91	-0.57	0.59	0.79	0.58	0.23	0.36	0.15	0.5
Total Other Income Expense Net	-0.1	-0.57	0.57	0.6	0.56	0.7	0.65	0.59	0.56	0.43	0.74		0.76	0.51	0.38	0.67	0.76	-0.33	0.58	0.78	0.59	0.0	0.78	0.48	0.33
Net Income	0.3	-0.04	0.85	0.86	0.84	0.88	0.85	0.85	0.83	0.65	0.91	0.76		0.47	0.69	0.78	0.99	-0.51	0.53	0.72	0.28	0.03	0.4	0.48	0.47
Income Tax Expense	-0.03	-0.06	0.66	0.63	0.63	0.72	0.81	0.75	0.67	0.15	0.8	0.51	0.47		0.13	0.44	0.48	-0.45	0.49	0.65	0.83	0.4	0.26	-0.36	0.3
Selling General Administrative	0.55	0.15	0.75	0.82	0.76	0.66	0.49	0.56	0.71	0.95	0.53	0.38	0.69	0.13		0.8	0.65	0.12	-0.13	0.14	-0.18	-0.49	0.27	0.51	0.1
Discontinued Operations	0.37	-0.2	0.75	0.82	0.74	0.75	0.66	0.68	0.72	0.8	0.74	0.67	0.78	0.44	0.8		0.76	-0.17	0.23	0.54	0.17	-0.3	0.5	0.44	0.18
Net Income From Continuing Ops	0.23	-0.05	0.84	0.85	0.83	0.88	0.85	0.83	0.83	0.59	0.91	0.76	0.99	0.48	0.65	0.76		-0.53	0.54	0.72	0.33	0.1	0.37	0.48	0.56
Non Recurring	-0.06	-0.17	-0.29	-0.23	-0.27	-0.39	-0.55	-0.53	-0.31	0.2	-0.57	-0.33	-0.51	-0.45	0.12	-0.17	-0.53		-0.86	-0.7	-0.29	-0.56	0.12	0.18	-0.4
Non Operating Income Net Other	-0.07	-0.11	0.31	0.24	0.29	0.44	0.6	0.55	0.33	-0.13	0.59	0.58	0.53	0.49	-0.13	0.23	0.54	-0.86		0.85	0.46	0.3	0.22	-0.05	0.37
Minority Interest	0.0	-0.37	0.5	0.5	0.48	0.61	0.74	0.69	0.5	0.21	0.79	0.78	0.72	0.65	0.14	0.54	0.72	-0.7	0.85		0.57	0.19	0.54	0.14	0.35
Tax Provision	-0.45	-0.4	0.38	0.34	0.35	0.51	0.57	0.45	0.4	-0.13	0.58	0.59	0.28	0.83	-0.18	0.17	0.33	-0.29	0.46	0.57		0.5	0.4	-0.21	0.44
Interest Income	-0.3	0.14	0.02	-0.05	-0.01	0.09	0.22	0.15	0.05	-0.57	0.23	0.0	0.03	0.4	-0.49	-0.3	0.1	-0.56	0.3	0.19	0.5		-0.31	-0.38	0.43
Net Interest Income	0.0	-0.76	0.26	0.33	0.25	0.31	0.29	0.27	0.23	0.47	0.36	0.78	0.4	0.26	0.27	0.5	0.37	0.12	0.22	0.54	0.4	-0.31		0.54	-0.13
Extraordinary Items	0.15	-0.39	0.2	0.27	0.21	0.2	0.07	0.1	0.17	0.55	0.15	0.48	0.48	-0.36	0.51	0.44	0.48	0.18	-0.05	0.14	-0.21	-0.38	0.54		0.17
Reconciled Depreciation	-0.31	0.04	0.44	0.36	0.43	0.51	0.51	0.42	0.46	-0.05	0.5	0.33	0.47	0.3	0.1	0.18	0.56	-0.4	0.37	0.35	0.44	0.43	-0.13	0.17

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Trinity Industries Account Relationship Matchups

Trinity Industries income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	204.2M	258.5M	265.7M	276.4M	293.2M	147.0M
Interest Expense	221.8M	216M	191.4M	207.6M	265.5M	278.8M
Total Revenue	3.0B	2.0B	1.5B	2.0B	3.0B	2.8B
Gross Profit	639.4M	491M	354.5M	367.7M	527.1M	544.0M
Other Operating Expenses	2.6B	1.9B	1.3B	1.8B	2.6B	2.4B
Operating Income	416.3M	(157.4M)	(89.3M)	(92.5M)	417M	293.9M
Ebit	416.3M	(326.8M)	174.2M	181.6M	414.5M	281.1M
Ebitda	620.5M	(68.3M)	439.9M	458M	707.7M	428.0M
Cost Of Revenue	2.4B	1.5B	1.2B	1.6B	2.5B	2.2B
Total Operating Expenses	262.8M	379.9M	179M	185.4M	110.1M	104.6M
Income Before Tax	200.7M	(494.5M)	55.2M	126.5M	149M	211.1M
Total Other Income Expense Net	(215.6M)	(370M)	(201.6M)	(207.5M)	(268M)	(254.6M)
Net Income	137.6M	(226.1M)	39.3M	98.9M	106M	150.7M
Income Tax Expense	61.5M	(268.4M)	15.9M	27.6M	9M	8.6M
Selling General Administrative	262.8M	379.9M	179M	185.4M	201.9M	250.7M
Net Income Applicable To Common Shares	137.6M	(147.3M)	182M	60.1M	54.1M	51.4M
Discontinued Operations	(3.1M)	(100K)	11.1M	(20.3M)	(18.3M)	(17.4M)
Net Income From Continuing Ops	139.2M	(226.1M)	39.3M	98.9M	140M	223.2M
Non Recurring	(14.7M)	387.1M	(81.9M)	(151.7M)	(174.5M)	(165.7M)
Non Operating Income Net Other	3.9M	(150.8M)	(11.1M)	(1.5M)	(1.4M)	(1.4M)
Minority Interest	1.5M	(78.9M)	(200K)	12.8M	(20.6M)	(19.6M)
Tax Provision	61.5M	(268.4M)	13.4M	27.6M	9M	15.3M
Interest Income	7.3M	3.2M	191.4M	207.6M	238.7M	250.7M
Net Interest Income	(214.5M)	(216M)	(191.4M)	(207.6M)	(265.5M)	(278.8M)
Extraordinary Items	(3.1M)	180.3M	140M	(26M)	(23.4M)	(22.2M)
Reconciled Depreciation	283.6M	266M	265.7M	276.4M	293.2M	303.6M

Pair Trading with Trinity Industries

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Trinity Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Trinity Industries will appreciate offsetting losses from the drop in the long position's value.

Moving together with Trinity Stock

0.83

BBU

Brookfield Business

Pair Corr

Moving against Trinity Stock

0.87	RUN	Sunrun Inc Sell-off Trend	Pair Corr
0.71	WPRT	Westport Fuel Systems	Pair Corr
0.57	EFSH	1847 Holdings LLC	Pair Corr

The ability to find closely correlated positions to Trinity Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trinity Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Trinity Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Trinity Industries to buy it.

The correlation of Trinity Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trinity Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trinity Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Trinity Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Trinity Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Trinity Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Trinity Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Trinity Industries Stock:

How To Invest In Trinity

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Is Trinity Stock a good investment?

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What is Trinity Industries' Net Worth?

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Largest Capital Goods Companies

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Largest Industrials Companies

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To learn how to invest in Trinity Stock, please use our How to Invest in Trinity Industries guide.

You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

Is Construction Machinery & Heavy Transportation Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Trinity Industries. If investors know Trinity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Trinity Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.463

Dividend Share

1.12

Earnings Share

2.25

Revenue Per Share

39.739

Quarterly Revenue Growth

(0.03)

The market value of Trinity Industries is measured differently than its book value, which is the value of Trinity that is recorded on the company's balance sheet. Investors also form their own opinion of Trinity Industries' value that differs from its market value or its book value, called intrinsic value, which is Trinity Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Trinity Industries' market value can be influenced by many factors that don't directly affect Trinity Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Trinity Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Trinity Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trinity Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Trinity Historical Income Statement

About Trinity Income Statement Analysis

Trinity Industries Income Statement Chart

Total Revenue

Other Operating Expenses

Cost Of Revenue

Tax Provision

Trinity Industries income statement Correlations

Trinity Industries Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Trinity Industries income statement Accounts

Pair Trading with Trinity Industries

Moving together with Trinity Stock

Moving against Trinity Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Net Income From Continuing Ops	+ 0.99	Net Income
Gross Profit	+ 0.98	Total Revenue
Other Operating Expenses	+ 0.98	Gross Profit

Non Operating Income Net Other	- 0.86	Non Recurring
Net Interest Income	- 0.76	Interest Expense
Minority Interest	- 0.7	Non Recurring
Non Recurring	- 0.57	Income Before Tax
Interest Income	- 0.57	Total Operating Expenses
Total Other Income Expense Net	- 0.57	Interest Expense