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Side-by-side financial comparison of Loews Corporation (L) and TRINITY INDUSTRIES INC (TRN). Click either name above to swap in a different company.

Loews Corporation is the larger business by last-quarter revenue ($827.0M vs $611.2M, roughly 1.4× TRINITY INDUSTRIES INC). Loews Corporation runs the higher net margin — 48.6% vs 31.8%, a 16.8% gap on every dollar of revenue. On growth, Loews Corporation posted the faster year-over-year revenue change (4.8% vs -2.9%). Loews Corporation produced more free cash flow last quarter ($426.0M vs $158.6M). Over the past eight quarters, Loews Corporation's revenue compounded faster (7.9% CAGR vs -13.1%).

Loews Corporation is a diversified US-based conglomerate that operates across multiple key industry segments through its subsidiaries. Its core business lines include property and casualty insurance, natural gas pipeline transportation, hospitality services, and upstream oil and gas exploration and production, primarily serving commercial, consumer and industrial clients across North American markets.

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.

L vs TRN — Head-to-Head

Bigger by revenue
L
L
1.4× larger
L
$827.0M
$611.2M
TRN
Growing faster (revenue YoY)
L
L
+7.7% gap
L
4.8%
-2.9%
TRN
Higher net margin
L
L
16.8% more per $
L
48.6%
31.8%
TRN
More free cash flow
L
L
$267.4M more FCF
L
$426.0M
$158.6M
TRN
Faster 2-yr revenue CAGR
L
L
Annualised
L
7.9%
-13.1%
TRN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
L
L
TRN
TRN
Revenue
$827.0M
$611.2M
Net Profit
$402.0M
$194.2M
Gross Margin
25.5%
Operating Margin
65.4%
54.9%
Net Margin
48.6%
31.8%
Revenue YoY
4.8%
-2.9%
Net Profit YoY
115.0%
413.8%
EPS (diluted)
$1.93
$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
L
L
TRN
TRN
Q4 25
$827.0M
$611.2M
Q3 25
$732.0M
$454.1M
Q2 25
$769.0M
$506.2M
Q1 25
$846.0M
$585.4M
Q4 24
$789.0M
$629.4M
Q3 24
$683.0M
$798.8M
Q2 24
$711.0M
$841.4M
Q1 24
$710.0M
$809.6M
Net Profit
L
L
TRN
TRN
Q4 25
$402.0M
$194.2M
Q3 25
$504.0M
$30.3M
Q2 25
$391.0M
$14.1M
Q1 25
$370.0M
$22.1M
Q4 24
$187.0M
$37.8M
Q3 24
$401.0M
$31.4M
Q2 24
$369.0M
$54.4M
Q1 24
$457.0M
$23.7M
Gross Margin
L
L
TRN
TRN
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%
Q1 24
20.3%
Operating Margin
L
L
TRN
TRN
Q4 25
65.4%
54.9%
Q3 25
94.1%
26.1%
Q2 25
70.1%
18.8%
Q1 25
60.8%
17.0%
Q4 24
23.8%
17.8%
Q3 24
80.5%
15.3%
Q2 24
71.3%
16.9%
Q1 24
88.6%
14.2%
Net Margin
L
L
TRN
TRN
Q4 25
48.6%
31.8%
Q3 25
68.9%
6.7%
Q2 25
50.8%
2.8%
Q1 25
43.7%
3.8%
Q4 24
23.7%
6.0%
Q3 24
58.7%
3.9%
Q2 24
51.9%
6.5%
Q1 24
64.4%
2.9%
EPS (diluted)
L
L
TRN
TRN
Q4 25
$1.93
$2.25
Q3 25
$2.43
$0.37
Q2 25
$1.87
$0.17
Q1 25
$1.74
$0.26
Q4 24
$0.87
$0.34
Q3 24
$1.82
$0.37
Q2 24
$1.67
$0.65
Q1 24
$2.05
$0.28

Balance Sheet & Financial Strength

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

Metric
L
L
TRN
TRN
Cash + ST InvestmentsLiquidity on hand
$6.0B
$201.3M
Total DebtLower is stronger
$8.4B
Stockholders' EquityBook value
$18.7B
$1.1B
Total Assets
$86.3B
$8.4B
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
L
L
TRN
TRN
Q4 25
$6.0B
$201.3M
Q3 25
$5.4B
$66.3M
Q2 25
$4.5B
$147.7M
Q1 25
$4.4B
$94.9M
Q4 24
$4.6B
$228.2M
Q3 24
$5.2B
$222.4M
Q2 24
$4.9B
$257.1M
Q1 24
$5.4B
$118.8M
Total Debt
L
L
TRN
TRN
Q4 25
$8.4B
Q3 25
$8.4B
Q2 25
$7.9B
Q1 25
$8.4B
Q4 24
$8.9B
Q3 24
$8.8B
Q2 24
$8.6B
Q1 24
$8.4B
Stockholders' Equity
L
L
TRN
TRN
Q4 25
$18.7B
$1.1B
Q3 25
$18.3B
$1.0B
Q2 25
$17.5B
$1.0B
Q1 25
$17.2B
$1.1B
Q4 24
$17.1B
$1.1B
Q3 24
$17.4B
$1.1B
Q2 24
$16.4B
$1.1B
Q1 24
$16.2B
$1.0B
Total Assets
L
L
TRN
TRN
Q4 25
$86.3B
$8.4B
Q3 25
$85.9B
$8.9B
Q2 25
$84.7B
$8.8B
Q1 25
$83.1B
$8.7B
Q4 24
$81.9B
$8.8B
Q3 24
$83.6B
$8.8B
Q2 24
$81.1B
$9.0B
Q1 24
$80.9B
$9.1B
Debt / Equity
L
L
TRN
TRN
Q4 25
0.45×
Q3 25
0.46×
Q2 25
0.45×
Q1 25
0.49×
Q4 24
0.52×
Q3 24
0.51×
Q2 24
0.52×
Q1 24
0.52×

Cash Flow & Capital Efficiency

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

Metric
L
L
TRN
TRN
Operating Cash FlowLast quarter
$617.0M
$177.4M
Free Cash FlowOCF − Capex
$426.0M
$158.6M
FCF MarginFCF / Revenue
51.5%
25.9%
Capex IntensityCapex / Revenue
23.1%
3.1%
Cash ConversionOCF / Net Profit
1.53×
0.91×
TTM Free Cash FlowTrailing 4 quarters
$2.7B
$314.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
L
L
TRN
TRN
Q4 25
$617.0M
$177.4M
Q3 25
$920.0M
$44.2M
Q2 25
$1.0B
$61.6M
Q1 25
$736.0M
$76.5M
Q4 24
$941.0M
$201.6M
Q3 24
$934.0M
$78.5M
Q2 24
$952.0M
$241.5M
Q1 24
$198.0M
$52.2M
Free Cash Flow
L
L
TRN
TRN
Q4 25
$426.0M
$158.6M
Q3 25
$764.0M
$35.3M
Q2 25
$872.0M
$52.9M
Q1 25
$638.0M
$67.3M
Q4 24
$767.0M
$180.1M
Q3 24
$794.0M
$62.1M
Q2 24
$793.0M
$230.2M
Q1 24
$39.0M
$47.6M
FCF Margin
L
L
TRN
TRN
Q4 25
51.5%
25.9%
Q3 25
104.4%
7.8%
Q2 25
113.4%
10.5%
Q1 25
75.4%
11.5%
Q4 24
97.2%
28.6%
Q3 24
116.3%
7.8%
Q2 24
111.5%
27.4%
Q1 24
5.5%
5.9%
Capex Intensity
L
L
TRN
TRN
Q4 25
23.1%
3.1%
Q3 25
21.3%
2.0%
Q2 25
17.4%
1.7%
Q1 25
11.6%
1.6%
Q4 24
22.1%
3.4%
Q3 24
20.5%
2.1%
Q2 24
22.4%
1.3%
Q1 24
22.4%
0.6%
Cash Conversion
L
L
TRN
TRN
Q4 25
1.53×
0.91×
Q3 25
1.83×
1.46×
Q2 25
2.57×
4.37×
Q1 25
1.99×
3.46×
Q4 24
5.03×
5.33×
Q3 24
2.33×
2.50×
Q2 24
2.58×
4.44×
Q1 24
0.43×
2.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

L
L

Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services$601.0M73%
Lodging And Related Services$226.0M27%

TRN
TRN

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

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