Trinity Industries (TRN) Tax Rate (2009 - 2026)
Trinity Industries (TRN) reported Tax Rate of 29.04% for Q3 2026, up 6.01 percentage points from 23.03% a year earlier and up 5.31 percentage points from the prior quarter.
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Analysis
Trinity Industries (TRN) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Trinity Industries' Tax Rate came in at 25.29%, up 6.76 percentage points year-over-year; for FY2025, it came in at 24.21%, up 1.49 percentage points from FY2024.
- Tax Rate has a four-year change of -4.59 percentage points (FY2021 to FY2025).
- By year, Tax Rate came in at 22.72% in FY2024 (+16.68 pp), 6.04% in FY2023 (-15.78 pp), 21.82% in FY2022 (-6.99 pp) and 28.80% in FY2021.
- The Q3 2026 figure ranks as the highest quarterly Tax Rate since Q4 2019.
- Year over year, Tax Rate has now increased in each of the last four quarters, with an average year-over-year change of +2.23 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was Q4 2025 (a gain of 11.69 percentage points); the low point was Q4 2023 (a drop of 10.43 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 23.73% (Q2 2026), 24.22% (Q1 2026) and 25.79% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 267.46 Bn | 238.77 Bn | 7.35 Bn | 22.94% |
| 2 | Amphenol | 197.37 Bn | 192.21 Bn | 4.02 Bn | 27.38% |
| 3 | Deere | 185.36 Bn | 194.13 Bn | 4.66 Bn | 28.11% |
| 4 | Eaton | 137.64 Bn | 134.62 Bn | 3.11 Bn | 21.24% |
| 5 | Parker-Hannifin | 121.80 Bn | 119.79 Bn | 2.26 Bn | 22.25% |
| 6 | 3M | 97.84 Bn | 80.25 Bn | 2.78 Bn | 15.63% |
| 7 | Emerson Electric | 93.37 Bn | 85.86 Bn | 2.74 Bn | 25.27% |
| 8 | Illinois Tool Works | 81.86 Bn | 78.53 Bn | 1.91 Bn | 24.40% |
| 9 | Vertiv Holdings | 74.77 Bn | 63.62 Bn | 1.64 Bn | 23.15% |
| 10 | Trinity Industries | 2.36 Bn | 1.72 Bn | 126.80 Mn | 29.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 29.04% |
| Jun 30, 2026 | 23.73% |
| Mar 31, 2026 | 24.22% |
| Dec 31, 2025 | 25.79% |
| Sep 30, 2025 | 23.03% |
| Jun 30, 2025 | 15.77% |
| Mar 31, 2025 | 20.33% |
| Dec 31, 2024 | 14.11% |
| Sep 30, 2024 | 27.66% |
| Jun 30, 2024 | 22.74% |
| Mar 31, 2024 | 25.76% |
| Dec 31, 2023 | 8.82% |
| Sep 30, 2023 | 18.58% |
| Jun 30, 2023 | 23.95% |
| Dec 31, 2022 | 19.25% |
| Sep 30, 2022 | 22.45% |
| Jun 30, 2022 | 26.01% |
| Mar 31, 2022 | 23.26% |
| Dec 31, 2021 | 23.13% |
| Sep 30, 2021 | 24.56% |
API Access
Trinity Industries Tax Rate 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=tax-rate&ticker=TRN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=TRN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();