Trinity Industries Inc (TRN)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 221,800 | 254,800 | 230,700 | 186,400 | 149,000 | 121,500 | 127,500 | 118,900 | 126,500 | 101,600 | 111,000 | 92,600 | 87,400 | -109,700 | -138,200 | -501,700 | -494,500 | -282,900 | -235,800 | 175,500 |
| Revenue (ttm) | US$ in thousands | 3,079,200 | 3,247,700 | 3,270,200 | 3,151,200 | 2,983,300 | 2,776,600 | 2,451,900 | 2,146,300 | 1,977,300 | 1,858,300 | 1,865,200 | 1,819,900 | 1,746,000 | 1,689,400 | 1,645,300 | 1,783,000 | 1,999,400 | 2,434,500 | 2,788,700 | 3,015,500 |
| Pretax margin | 7.20% | 7.85% | 7.05% | 5.92% | 4.99% | 4.38% | 5.20% | 5.54% | 6.40% | 5.47% | 5.95% | 5.09% | 5.01% | -6.49% | -8.40% | -28.14% | -24.73% | -11.62% | -8.46% | 5.82% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $221,800K ÷ $3,079,200K
= 7.20%
Trinity Industries Inc's pretax margin has shown fluctuations over the past five years. Starting at 5.82% in March 2020, the margin dipped significantly to -28.14% by March 2021, indicating a period of financial challenge. However, the company managed to reverse this trend, gradually improving its pretax margin to 7.20% by December 2024.
The negative pretax margins recorded in 2020 and 2021 can be concerning, suggesting potential operating inefficiencies or financial difficulties during that time. The subsequent recovery and consistent positive margins from 2022 onwards signal improved financial performance and operational effectiveness.
Overall, Trinity Industries Inc's pretax margin trend reflects a turnaround from significant losses to solid profitability, showcasing the company's ability to adapt and enhance its financial performance over the analyzed period.
Peer comparison
Dec 31, 2024