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Side-by-side financial comparison of Regency Centers (REG) 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 $404.2M, roughly 1.5× Regency Centers). Regency Centers runs the higher net margin — 50.1% vs 31.8%, a 18.3% gap on every dollar of revenue. On growth, Regency Centers posted the faster year-over-year revenue change (8.5% vs -2.9%). Over the past eight quarters, Regency Centers's revenue compounded faster (5.4% CAGR vs -13.1%).

Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida, and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56-million-square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Village District.

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.

REG vs TRN — Head-to-Head

Bigger by revenue
TRN
TRN
1.5× larger
TRN
$611.2M
$404.2M
REG
Growing faster (revenue YoY)
REG
REG
+11.4% gap
REG
8.5%
-2.9%
TRN
Higher net margin
REG
REG
18.3% more per $
REG
50.1%
31.8%
TRN
Faster 2-yr revenue CAGR
REG
REG
Annualised
REG
5.4%
-13.1%
TRN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
REG
REG
TRN
TRN
Revenue
$404.2M
$611.2M
Net Profit
$202.5M
$194.2M
Gross Margin
25.5%
Operating Margin
71.0%
54.9%
Net Margin
50.1%
31.8%
Revenue YoY
8.5%
-2.9%
Net Profit YoY
134.1%
413.8%
EPS (diluted)
$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
REG
REG
TRN
TRN
Q4 25
$404.2M
$611.2M
Q3 25
$387.6M
$454.1M
Q2 25
$380.8M
$506.2M
Q1 25
$380.9M
$585.4M
Q4 24
$372.5M
$629.4M
Q3 24
$360.3M
$798.8M
Q2 24
$357.3M
$841.4M
Q1 24
$363.9M
$809.6M
Net Profit
REG
REG
TRN
TRN
Q4 25
$202.5M
$194.2M
Q3 25
$109.4M
$30.3M
Q2 25
$106.0M
$14.1M
Q1 25
$109.6M
$22.1M
Q4 24
$86.5M
$37.8M
Q3 24
$101.5M
$31.4M
Q2 24
$102.7M
$54.4M
Q1 24
$109.8M
$23.7M
Gross Margin
REG
REG
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
REG
REG
TRN
TRN
Q4 25
71.0%
54.9%
Q3 25
72.7%
26.1%
Q2 25
73.8%
18.8%
Q1 25
71.8%
17.0%
Q4 24
71.1%
17.8%
Q3 24
72.5%
15.3%
Q2 24
72.3%
16.9%
Q1 24
72.3%
14.2%
Net Margin
REG
REG
TRN
TRN
Q4 25
50.1%
31.8%
Q3 25
28.2%
6.7%
Q2 25
27.8%
2.8%
Q1 25
28.8%
3.8%
Q4 24
23.2%
6.0%
Q3 24
28.2%
3.9%
Q2 24
28.7%
6.5%
Q1 24
30.2%
2.9%
EPS (diluted)
REG
REG
TRN
TRN
Q4 25
$2.25
Q3 25
$0.37
Q2 25
$0.17
Q1 25
$0.26
Q4 24
$0.34
Q3 24
$0.37
Q2 24
$0.65
Q1 24
$0.28

Balance Sheet & Financial Strength

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

Metric
REG
REG
TRN
TRN
Cash + ST InvestmentsLiquidity on hand
$201.3M
Total DebtLower is stronger
$4.7B
Stockholders' EquityBook value
$6.9B
$1.1B
Total Assets
$13.0B
$8.4B
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
REG
REG
TRN
TRN
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
Q1 24
$118.8M
Total Debt
REG
REG
TRN
TRN
Q4 25
$4.7B
Q3 25
$4.9B
Q2 25
$4.8B
Q1 25
$4.6B
Q4 24
$4.4B
Q3 24
$4.4B
Q2 24
$4.4B
Q1 24
$4.4B
Stockholders' Equity
REG
REG
TRN
TRN
Q4 25
$6.9B
$1.1B
Q3 25
$6.8B
$1.0B
Q2 25
$6.7B
$1.0B
Q1 25
$6.7B
$1.1B
Q4 24
$6.7B
$1.1B
Q3 24
$6.8B
$1.1B
Q2 24
$6.8B
$1.1B
Q1 24
$7.0B
$1.0B
Total Assets
REG
REG
TRN
TRN
Q4 25
$13.0B
$8.4B
Q3 25
$13.1B
$8.9B
Q2 25
$12.7B
$8.8B
Q1 25
$12.6B
$8.7B
Q4 24
$12.4B
$8.8B
Q3 24
$12.4B
$8.8B
Q2 24
$12.4B
$9.0B
Q1 24
$12.7B
$9.1B
Debt / Equity
REG
REG
TRN
TRN
Q4 25
0.69×
Q3 25
0.72×
Q2 25
0.72×
Q1 25
0.69×
Q4 24
0.66×
Q3 24
0.65×
Q2 24
0.64×
Q1 24
0.63×

Cash Flow & Capital Efficiency

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

Metric
REG
REG
TRN
TRN
Operating Cash FlowLast quarter
$203.9M
$177.4M
Free Cash FlowOCF − Capex
$158.6M
FCF MarginFCF / Revenue
25.9%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
1.01×
0.91×
TTM Free Cash FlowTrailing 4 quarters
$314.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
REG
REG
TRN
TRN
Q4 25
$203.9M
$177.4M
Q3 25
$218.7M
$44.2M
Q2 25
$244.0M
$61.6M
Q1 25
$161.0M
$76.5M
Q4 24
$191.4M
$201.6M
Q3 24
$227.6M
$78.5M
Q2 24
$203.5M
$241.5M
Q1 24
$167.8M
$52.2M
Free Cash Flow
REG
REG
TRN
TRN
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
Q1 24
$47.6M
FCF Margin
REG
REG
TRN
TRN
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%
Q1 24
5.9%
Capex Intensity
REG
REG
TRN
TRN
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%
Q1 24
0.6%
Cash Conversion
REG
REG
TRN
TRN
Q4 25
1.01×
0.91×
Q3 25
2.00×
1.46×
Q2 25
2.30×
4.37×
Q1 25
1.47×
3.46×
Q4 24
2.21×
5.33×
Q3 24
2.24×
2.50×
Q2 24
1.98×
4.44×
Q1 24
1.53×
2.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

REG
REG

Shopping Centers$418.0M103%
Propertymanagementservices$4.1M1%
Assetmanagementservices$1.7M0%

TRN
TRN

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

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