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Side-by-side financial comparison of FULTON FINANCIAL CORP (FULT) and TRINITY INDUSTRIES INC (TRN). Click either name above to swap in a different company.

TRINITY INDUSTRIES INC is the larger business by last-quarter revenue ($611.2M vs $336.2M, roughly 1.8× FULTON FINANCIAL CORP). TRINITY INDUSTRIES INC runs the higher net margin — 31.8% vs 28.2%, a 3.6% gap on every dollar of revenue. On growth, FULTON FINANCIAL CORP posted the faster year-over-year revenue change (4.2% vs -2.9%). Over the past eight quarters, FULTON FINANCIAL CORP's revenue compounded faster (0.2% CAGR vs -13.1%).

Fulton Financial Corporation is an American regional financial services holding company, headquartered in Lancaster, Pennsylvania.

Trinity Industries Inc. is an American industrial corporation that owns a variety of businesses which provide products and services to the industrial, energy, transportation and construction sectors.

FULT vs TRN — Head-to-Head

Bigger by revenue
TRN
TRN
1.8× larger
TRN
$611.2M
$336.2M
FULT
Growing faster (revenue YoY)
FULT
FULT
+7.1% gap
FULT
4.2%
-2.9%
TRN
Higher net margin
TRN
TRN
3.6% more per $
TRN
31.8%
28.2%
FULT
Faster 2-yr revenue CAGR
FULT
FULT
Annualised
FULT
0.2%
-13.1%
TRN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FULT
FULT
TRN
TRN
Revenue
$336.2M
$611.2M
Net Profit
$94.8M
$194.2M
Gross Margin
25.5%
Operating Margin
54.9%
Net Margin
28.2%
31.8%
Revenue YoY
4.2%
-2.9%
Net Profit YoY
1.9%
413.8%
EPS (diluted)
$0.55
$2.25

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FULT
FULT
TRN
TRN
Q1 26
$336.2M
Q4 25
$336.0M
$611.2M
Q3 25
$334.6M
$454.1M
Q2 25
$324.1M
$506.2M
Q1 25
$318.4M
$585.4M
Q4 24
$319.6M
$629.4M
Q3 24
$317.7M
$798.8M
Q2 24
$334.7M
$841.4M
Net Profit
FULT
FULT
TRN
TRN
Q1 26
$94.8M
Q4 25
$99.0M
$194.2M
Q3 25
$100.5M
$30.3M
Q2 25
$99.2M
$14.1M
Q1 25
$93.0M
$22.1M
Q4 24
$68.6M
$37.8M
Q3 24
$63.2M
$31.4M
Q2 24
$95.0M
$54.4M
Gross Margin
FULT
FULT
TRN
TRN
Q1 26
Q4 25
25.5%
Q3 25
31.1%
Q2 25
26.4%
Q1 25
24.3%
Q4 24
24.6%
Q3 24
21.2%
Q2 24
21.3%
Operating Margin
FULT
FULT
TRN
TRN
Q1 26
Q4 25
35.7%
54.9%
Q3 25
38.2%
26.1%
Q2 25
37.8%
18.8%
Q1 25
36.1%
17.0%
Q4 24
27.0%
17.8%
Q3 24
25.1%
15.3%
Q2 24
30.8%
16.9%
Net Margin
FULT
FULT
TRN
TRN
Q1 26
28.2%
Q4 25
29.5%
31.8%
Q3 25
30.0%
6.7%
Q2 25
30.6%
2.8%
Q1 25
29.2%
3.8%
Q4 24
21.5%
6.0%
Q3 24
19.9%
3.9%
Q2 24
28.4%
6.5%
EPS (diluted)
FULT
FULT
TRN
TRN
Q1 26
$0.55
Q4 25
$0.53
$2.25
Q3 25
$0.53
$0.37
Q2 25
$0.53
$0.17
Q1 25
$0.49
$0.26
Q4 24
$0.36
$0.34
Q3 24
$0.33
$0.37
Q2 24
$0.52
$0.65

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FULT
FULT
TRN
TRN
Cash + ST InvestmentsLiquidity on hand
$201.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.5B
$1.1B
Total Assets
$32.2B
$8.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FULT
FULT
TRN
TRN
Q1 26
Q4 25
$201.3M
Q3 25
$66.3M
Q2 25
$147.7M
Q1 25
$94.9M
Q4 24
$228.2M
Q3 24
$222.4M
Q2 24
$257.1M
Stockholders' Equity
FULT
FULT
TRN
TRN
Q1 26
$3.5B
Q4 25
$3.5B
$1.1B
Q3 25
$3.4B
$1.0B
Q2 25
$3.3B
$1.0B
Q1 25
$3.3B
$1.1B
Q4 24
$3.2B
$1.1B
Q3 24
$3.2B
$1.1B
Q2 24
$3.1B
$1.1B
Total Assets
FULT
FULT
TRN
TRN
Q1 26
$32.2B
Q4 25
$32.1B
$8.4B
Q3 25
$32.0B
$8.9B
Q2 25
$32.0B
$8.8B
Q1 25
$32.1B
$8.7B
Q4 24
$32.1B
$8.8B
Q3 24
$32.2B
$8.8B
Q2 24
$31.8B
$9.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FULT
FULT
TRN
TRN
Operating Cash FlowLast quarter
$177.4M
Free Cash FlowOCF − Capex
$158.6M
FCF MarginFCF / Revenue
25.9%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
0.91×
TTM Free Cash FlowTrailing 4 quarters
$314.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FULT
FULT
TRN
TRN
Q1 26
Q4 25
$304.5M
$177.4M
Q3 25
$116.1M
$44.2M
Q2 25
$91.7M
$61.6M
Q1 25
$703.0K
$76.5M
Q4 24
$416.6M
$201.6M
Q3 24
$-22.0M
$78.5M
Q2 24
$157.8M
$241.5M
Free Cash Flow
FULT
FULT
TRN
TRN
Q1 26
Q4 25
$158.6M
Q3 25
$35.3M
Q2 25
$52.9M
Q1 25
$67.3M
Q4 24
$180.1M
Q3 24
$62.1M
Q2 24
$230.2M
FCF Margin
FULT
FULT
TRN
TRN
Q1 26
Q4 25
25.9%
Q3 25
7.8%
Q2 25
10.5%
Q1 25
11.5%
Q4 24
28.6%
Q3 24
7.8%
Q2 24
27.4%
Capex Intensity
FULT
FULT
TRN
TRN
Q1 26
Q4 25
3.1%
Q3 25
2.0%
Q2 25
1.7%
Q1 25
1.6%
Q4 24
3.4%
Q3 24
2.1%
Q2 24
1.3%
Cash Conversion
FULT
FULT
TRN
TRN
Q1 26
Q4 25
3.08×
0.91×
Q3 25
1.16×
1.46×
Q2 25
0.92×
4.37×
Q1 25
0.01×
3.46×
Q4 24
6.07×
5.33×
Q3 24
-0.35×
2.50×
Q2 24
1.66×
4.44×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FULT
FULT

Segment breakdown not available.

TRN
TRN

Manufacturing$296.5M49%
Leasing And Management$234.8M38%
Maintenance Services Domain$69.8M11%
Digital Logistics Services$11.2M2%

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