Railcar Leasing & Services Group was Trinity Industries’s largest product and service line in fiscal 2025, bringing in $314.70M of $602.20M (52%).
| Product and Service | FY 2014 | FY 2014 | FY 2014 | FY 2015 | FY 2015 | FY 2015 | FY 2015 | FY 2016 | FY 2016 | FY 2016 | FY 2016 | FY 2017 | FY 2017 | FY 2017 | FY 2017 | FY 2018 | FY 2018 | FY 2018 | FY 2018 | FY 2019 | FY 2019 | FY 2019 | FY 2020 | FY 2021 | FY 2021 | FY 2021 | FY 2022 | FY 2022 | FY 2022 | FY 2022 | FY 2023 | FY 2023 | FY 2023 | FY 2023 | FY 2024 | FY 2024 | FY 2024 | FY 2024 | FY 2025 | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Manufacturing | $289.80M | $221.70M | $302.00M | $1.13B | $409.00M | $454.60M | $560.00M | $1.94B | $525.30M | $560.90M | $509.60M | $342.60M | $298.20M | $204.10M | $153.30M | — | ||||||||||||||||||||||||||
| Leasing & Management | — | — | — | $756.40M | — | — | — | $813.80M | — | — | — | $867.80M | — | — | — | — | ||||||||||||||||||||||||||
| Railcar Leasing & Services Group | — | — | — | — | $232.70M | $267.80M | $261.30M | — | $284.30M | $280.50M | $289.20M | $1.14B | $287.20M | $302.10M | $300.80M | $314.70M | ||||||||||||||||||||||||||
| Leasing | $182.90M | $195.10M | $194.60M | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
| Railcar Owned One Year Or Less | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
| Railcars Owned One Year Or Less At The Time Of Sale | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
| Maintenance Services [Domain] | — | — | — | $80.90M | — | — | — | $170.10M | — | — | — | $234.00M | — | — | — | $247.40M | ||||||||||||||||||||||||||
| Parts & Components | — | — | — | — | — | — | — | — | — | — | — | $109.40M | — | — | — | — | ||||||||||||||||||||||||||
| Digital Logistics Services | — | — | — | $14.20M | — | — | — | $57.10M | — | — | — | $41.40M | — | — | — | $40.10M | ||||||||||||||||||||||||||
| Et Plus | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||
| Total | $472.70M | $416.80M | $496.60M | $1.98B | $641.70M | $722.40M | $821.30M | $2.98B | $809.60M | $841.40M | $798.80M | $2.74B | $585.40M | $506.20M | $454.10M | $602.20M |
Trinity Industries brought in $602.20M from its three product and service lines in fiscal 2025, the year ended December 31, 2025. Trinity Industries regrouped these lines after fiscal 2025, so the total does not compare directly with that year's $454.10M. Railcar Leasing & Services Group was the largest at $314.70M (52.3%), ahead of Maintenance Services [Domain] at $247.40M (41.1%) and Digital Logistics Services at $40.10M (6.7%).
Trinity Industries began breaking out Railcar Leasing & Services Group in fiscal 2023, when it brought in $232.70M. Trinity Industries stopped reporting Leasing & Management ($867.80M in fiscal 2024), Leasing ($194.60M in fiscal 2022), Manufacturing ($153.30M in fiscal 2025) and one other as separate lines.
Railcar Leasing & Services Group was Trinity Industries’s largest segment in fiscal 2024, bringing in $1.14B of $1.64B (70%).
| Statement Business Segments | FY 2009 | FY 2010 | FY 2011 | FY 2011 | FY 2011 | FY 2011 | FY 2012 | FY 2012 | FY 2012 | FY 2012 | FY 2013 | FY 2013 | FY 2013 | FY 2016 | FY 2017 | FY 2018 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Segment Totals Before Eliminations & Corporate | — | — | — | ||||||||||||||||
| Rail Group | — | — | — | ||||||||||||||||
| Rail Products Group | $1.89B | $535.50M | $492.70M | ||||||||||||||||
| Railcar Leasing & Management Services Group | — | — | — | ||||||||||||||||
| Railcar Leasing & Services Group | $80.90M | $1.04B | $1.14B | ||||||||||||||||
| Manufacturing | — | — | — | ||||||||||||||||
| Inland Barge Group | — | — | — | ||||||||||||||||
| Energy Equipment Group | — | — | — | ||||||||||||||||
| Construction Products Group | — | — | — | ||||||||||||||||
| Other Segments | — | — | — | ||||||||||||||||
| All Other Segments | — | — | — | ||||||||||||||||
| Salesrevenuenet | — | — | — | ||||||||||||||||
| Leasing | — | — | — | ||||||||||||||||
| Eliminations – Other | — | — | — | ||||||||||||||||
| Eliminations – Lease Subsidiary | — | — | — | ||||||||||||||||
| Total | $1.97B | $1.58B | $1.64B |
Trinity Industries brought in $1.64B from its two segments in fiscal 2024, the year ended December 31, 2024. That was up 3.8% from $1.58B in fiscal 2023. Railcar Leasing & Services Group was the largest at $1.14B (69.9%), ahead of Rail Products Group at $492.70M (30.1%).
Compared with fiscal 2023, Railcar Leasing & Services Group grew 9.8% to $1.14B, while Rail Products Group fell 8.0% to $492.70M. From fiscal 2022 to 2024, combined revenue from these segments fell from $1.97B to $1.64B, a compound annual decline of 8.8%. Railcar Leasing & Services Group's share of the total rose from 4.1% to 69.9%.
Combined Guarantor Subsidiaries was Trinity Industries’s largest revenue line in fiscal 2012, bringing in $2.79B of $3.81B (73%).
| Legal Entity | FY 2012 |
|---|---|
| Combined Guarantor Subsidiaries | $2.79B |
| Combined Non-Guarantor Subsidiaries | $1.43B |
| Eliminations | -$408.60M |
| Total | $3.81B |
Trinity Industries brought in $3.81B from its three revenue lines in fiscal 2012, the year ended December 31, 2012. Combined Guarantor Subsidiaries was the largest at $2.79B (73.2%), ahead of Combined Non-Guarantor Subsidiaries at $1.43B (37.5%).
The total is net of Eliminations, which took $408.60M off revenue in fiscal 2012.
Trinity Industries (TRN) reports its revenue by product and service, by statement business segments and by legal entity. In fiscal 2025, Railcar Leasing & Services Group was its largest product and service line, bringing in $314.70M (52.3% of the total), followed by Maintenance Services [Domain] at $247.40M (41.1%).
Railcar Leasing & Services Group was Trinity Industries' largest product and service line in fiscal 2025, bringing in $314.70M, or 52.3% of the $602.20M total across its three product and service lines.
Railcar Leasing & Services Group was Trinity Industries' largest segment in fiscal 2024, bringing in $1.14B, or 69.9% of the $1.64B total across its two segments.
Combined Guarantor Subsidiaries was Trinity Industries' largest revenue line in fiscal 2012, bringing in $2.79B, or 73.2% of the $3.81B total across its three revenue lines.
Railcar Leasing & Services Group grew faster than Rail Products Group in fiscal 2024, up 9.8% from $1.04B to $1.14B. Rail Products Group fell 8.0% to $492.70M.
Every figure comes from Trinity Industries' annual financial filings, as reported. Each line keeps the name Trinity Industries gives it, and years follow its fiscal calendar.
Trinity Industries' revenue by product and service goes back to fiscal 2014, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.