Trinity Industries Inc (TRN)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 115,000 | 86,600 | 93,200 | 78,300 | 87,700 | 186,700 | 192,600 | 192,900 | 197,900 | -112,100 | -136,000 | -426,700 | -421,400 | -210,000 | -159,200 | 172,200 | 199,100 | 202,200 | 169,400 | 195,500 |
| Revenue (ttm) | US$ in thousands | 2,983,300 | 2,776,600 | 2,451,900 | 2,146,300 | 1,977,300 | 1,858,300 | 1,781,500 | 1,658,000 | 1,516,000 | 1,403,500 | 1,380,500 | 1,527,100 | 1,749,700 | 2,240,700 | 2,657,500 | 2,953,600 | 3,005,100 | 2,889,400 | 2,682,700 | 2,580,700 |
| Pretax margin | 3.85% | 3.12% | 3.80% | 3.65% | 4.44% | 10.05% | 10.81% | 11.63% | 13.05% | -7.99% | -9.85% | -27.94% | -24.08% | -9.37% | -5.99% | 5.83% | 6.63% | 7.00% | 6.31% | 7.58% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $115,000K ÷ $2,983,300K
= 3.85%
Trinity Industries, Inc.'s pretax margin has shown some variability over the last eight quarters. The pretax margin for Q4 2023 is 4.99%, up from 4.38% in the previous quarter, Q3 2023. This indicates an improvement in the company's ability to generate profits before accounting for taxes in the most recent quarter. However, when comparing Q4 2023 to the same quarter in the previous year (Q4 2022), there has been a decline from 6.40% to 4.99%.
Overall, Trinity Industries, Inc. has shown relatively stable pretax margins over the past two years, with fluctuations occurring within a range of 3.80% to 6.40%. It is important to further investigate the reasons behind these fluctuations to determine the underlying factors impacting the company's profitability before tax.
Peer comparison
Dec 31, 2023