Trinity Industries (TRN) Gross Margin (2009 - 2026)
Trinity Industries' Gross Margin was 23.70% in Q3 2026, down 7.44 percentage points from 31.14% a year earlier but up 1.04 percentage points from the prior quarter.
Powered by 
Analysis
Trinity Industries (TRN) Gross Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Trinity Industries' Gross Margin was 24.55% through Sep 30, 2026, down 1.75 percentage points year-over-year; for FY2025, it was 26.55%, up 4.85 percentage points from FY2024.
- Gross Margin shows a five-year change of +2.42 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 21.70% in FY2024 (+4.03 pp), 17.67% in FY2023 (-0.93 pp), 18.60% in FY2022 (-4.79 pp) and 23.38% in FY2021 (-0.75 pp).
- Quarterly Gross Margin has moved between 15.70% (Q1 2022) and 31.14% (Q3 2025) over five years.
- Compared with a year earlier, Gross Margin was higher in six of the last eight quarters, with an average year-over-year change of +1.88 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q3 2025 (a gain of 9.92 percentage points); the worst was Q1 2022 (a drop of 9.82 percentage points).
- Per Business Quant data, TRN's Gross Margin in the three quarters before Q3 2026 was 22.66% (Q2 2026), 26.20% (Q1 2026) and 25.47% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 267.46 Bn | 238.77 Bn | 7.35 Bn | 35.54% |
| 2 | Amphenol | 197.37 Bn | 192.21 Bn | 4.02 Bn | 39.26% |
| 3 | Deere | 185.36 Bn | 194.13 Bn | 4.66 Bn | 36.94% |
| 4 | Eaton | 137.64 Bn | 134.62 Bn | 3.11 Bn | 34.70% |
| 5 | Parker-Hannifin | 121.80 Bn | 119.79 Bn | 2.26 Bn | 37.73% |
| 6 | 3M | 97.84 Bn | 80.25 Bn | 2.78 Bn | 42.27% |
| 7 | Emerson Electric | 93.37 Bn | 85.86 Bn | 2.74 Bn | 52.68% |
| 8 | Illinois Tool Works | 81.86 Bn | 78.53 Bn | 1.91 Bn | 45.09% |
| 9 | Vertiv Holdings | 74.77 Bn | 63.62 Bn | 1.64 Bn | 38.11% |
| 10 | Trinity Industries | 2.36 Bn | 1.72 Bn | 126.80 Mn | 23.70% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 23.70% |
| Jun 30, 2026 | 22.66% |
| Mar 31, 2026 | 26.20% |
| Dec 31, 2025 | 25.47% |
| Sep 30, 2025 | 31.14% |
| Jun 30, 2025 | 26.35% |
| Mar 31, 2025 | 24.29% |
| Dec 31, 2024 | 24.63% |
| Sep 30, 2024 | 21.22% |
| Jun 30, 2024 | 21.27% |
| Mar 31, 2024 | 20.34% |
| Dec 31, 2023 | 20.17% |
| Sep 30, 2023 | 17.27% |
| Jun 30, 2023 | 16.78% |
| Mar 31, 2023 | 16.08% |
| Dec 31, 2022 | 17.08% |
| Sep 30, 2022 | 20.40% |
| Jun 30, 2022 | 21.88% |
| Mar 31, 2022 | 15.70% |
| Dec 31, 2021 | 20.44% |
API Access
Trinity Industries Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=TRN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "TRN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=TRN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();