Trinity Industries (NYSE: TRN) is a railcar manufacturing and leasing company headquartered in Texas that produces and leases freight railcars across North America. It makes money through two primary channels: selling newly manufactured railcars to customers and leasing railcars through its wholly owned leasing subsidiary, generating recurring lease revenue over multi-year contracts. Trinity is listed on the NYSE and files annual reports with the SEC, with its most recent 10-K filed February 19, 2026 for the fiscal year ended in 2025. The filing confirms Texas as the state of incorporation and principal executive offices, and lists NYSE as the registered exchange under ticker TRN.

Revenue model

Railcar sales (transactional manufacturing revenue) and railcar leasing (recurring lease payments through a captive leasing subsidiary).

Products and services

Freight railcars (manufactured); railcar leasing through a wholly owned leasing subsidiary.

Customers and end markets

Railcar lessees and buyers across North American freight rail markets. Specific customer names, concentration data, and end-market breakdowns are not supported by the provided filing excerpts.

Value-chain role

Railcar manufacturer and lessor; operates across both production and asset-ownership stages of the freight rail supply chain.

Geographic exposure

North America; Texas headquarters confirmed in the 10-K filed 2026-02-19. Specific revenue breakdowns by geography are not supported by the provided filing excerpts.

Source: SEC 10-K, filed 2026-02-19

Industry: Railroad Equipment Peers: Alamo Group Inc Allison Transmission Holdings Inc Proterra Inc Caterpillar Inc Federal Signal Corp Greenbrier Companies Inc Nikola Corp Oshkosh Corp Terex Corp