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Revenue by Segment
Breaks down sales across Trinity’s businesses so you can see whether growth is coming from railcar manufacturing, leasing, parts, or services. Useful for judging revenue stability and exposure to order cycles—recurring leasing income typically looks steadier than one‑time equipment sales.
Trinity’s revenue mix has shifted materially toward Railcar Leasing & Services while Rail Products revenue has fallen from 2023 highs into a lower, volatile run‑rate. Management is monetizing fleet (Napier Park) and tightening guidance, boosting EPS via a large non‑cash gain even as consolidated revenue declines—making near‑term earnings more dependent on lumpy portfolio sales and lease‑rate momentum. Sustained upside requires continued high utilization and lease renewals; Rail Products’ weak volumes and backlog recovery remain the primary operational risk.
TRN Revenue by Segment
| Date | Other | Eliminations | Railcar Leasing & Services Group | Rail Products Group |
|---|---|---|---|---|
| Jun 30, 2026 | $0.00 | -$54.50M | $281.10M | $258.50M |
| Mar 31, 2026 | $0.00 | -$93.80M | $285.80M | $300.00M |
| Dec 31, 2025 | $0.00 | -$131.30M | $316.00M | $426.70M |
| Sep 30, 2025 | $0.00 | -$125.70M | $301.00M | $278.80M |
| Jun 30, 2025 | $0.00 | -$89.70M | $302.40M | $293.50M |
| Mar 31, 2025 | $0.00 | -$122.50M | $287.40M | $420.50M |
| Dec 31, 2024 | $0.00 | -$184.00M | $287.10M | $526.30M |
| Sep 30, 2024 | $0.00 | -$93.90M | $289.50M | $603.20M |
| Jun 30, 2024 | $0.00 | -$74.20M | $281.40M | $634.20M |
| Mar 31, 2024 | $0.00 | -$143.00M | $285.20M | $667.40M |
| Dec 31, 2023 | $0.00 | -$97.70M | $221.60M | $674.00M |
| Sep 30, 2023 | $0.00 | -$83.50M | $222.60M | $682.20M |
| Jun 30, 2023 | $0.00 | -$209.80M | $223.20M | $709.00M |
| Mar 31, 2023 | $0.00 | -$199.60M | $203.50M | $637.80M |
| Dec 31, 2022 | $0.00 | -$261.90M | $197.40M | $655.70M |
| Sep 30, 2022 | $0.00 | -$295.50M | $194.80M | $597.30M |
| Jun 30, 2022 | $0.00 | -$209.10M | $195.30M | $430.60M |
| Mar 31, 2022 | $0.00 | -$101.50M | $183.10M | $391.10M |
| Dec 31, 2021 | $0.00 | -$111.10M | $179.20M | $402.10M |
| Sep 30, 2021 | $83.70M | -$105.60M | $185.50M | $339.90M |
| Jun 30, 2021 | $78.20M | -$153.60M | $185.10M | $261.80M |
| Mar 31, 2021 | $68.10M | -$113.80M | $185.50M | $261.00M |
