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Side-by-side financial comparison of StubHub Holdings, Inc. (STUB) 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 $468.1M, roughly 1.3× StubHub Holdings, Inc.). TRINITY INDUSTRIES INC runs the higher net margin — 31.8% vs -276.6%, a 308.3% gap on every dollar of revenue. On growth, StubHub Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs -2.9%). StubHub Holdings, Inc. produced more free cash flow last quarter ($180.3M vs $158.6M).

StubHub Holdings operates a leading global online ticket marketplace for live entertainment events. It facilitates secure resale and direct purchase of tickets for concerts, sports matches, theater performances and other live experiences, serving consumers, event organizers and sellers across North America, Europe and Asia-Pacific.

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.

STUB vs TRN — Head-to-Head

Bigger by revenue
TRN
TRN
1.3× larger
TRN
$611.2M
$468.1M
STUB
Growing faster (revenue YoY)
STUB
STUB
+10.8% gap
STUB
7.9%
-2.9%
TRN
Higher net margin
TRN
TRN
308.3% more per $
TRN
31.8%
-276.6%
STUB
More free cash flow
STUB
STUB
$21.7M more FCF
STUB
$180.3M
$158.6M
TRN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
STUB
STUB
TRN
TRN
Revenue
$468.1M
$611.2M
Net Profit
$-1.3B
$194.2M
Gross Margin
25.5%
Operating Margin
-292.3%
54.9%
Net Margin
-276.6%
31.8%
Revenue YoY
7.9%
-2.9%
Net Profit YoY
-3821.6%
413.8%
EPS (diluted)
$-4.27
$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
STUB
STUB
TRN
TRN
Q4 25
$611.2M
Q3 25
$468.1M
$454.1M
Q2 25
$506.2M
Q1 25
$585.4M
Q4 24
$629.4M
Q3 24
$433.8M
$798.8M
Q2 24
$841.4M
Q1 24
$809.6M
Net Profit
STUB
STUB
TRN
TRN
Q4 25
$194.2M
Q3 25
$-1.3B
$30.3M
Q2 25
$14.1M
Q1 25
$22.1M
Q4 24
$37.8M
Q3 24
$-33.0M
$31.4M
Q2 24
$54.4M
Q1 24
$23.7M
Gross Margin
STUB
STUB
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
STUB
STUB
TRN
TRN
Q4 25
54.9%
Q3 25
-292.3%
26.1%
Q2 25
18.8%
Q1 25
17.0%
Q4 24
17.8%
Q3 24
2.8%
15.3%
Q2 24
16.9%
Q1 24
14.2%
Net Margin
STUB
STUB
TRN
TRN
Q4 25
31.8%
Q3 25
-276.6%
6.7%
Q2 25
2.8%
Q1 25
3.8%
Q4 24
6.0%
Q3 24
-7.6%
3.9%
Q2 24
6.5%
Q1 24
2.9%
EPS (diluted)
STUB
STUB
TRN
TRN
Q4 25
$2.25
Q3 25
$-4.27
$0.37
Q2 25
$0.17
Q1 25
$0.26
Q4 24
$0.34
Q3 24
$-0.15
$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
STUB
STUB
TRN
TRN
Cash + ST InvestmentsLiquidity on hand
$1.4B
$201.3M
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$1.7B
$1.1B
Total Assets
$5.6B
$8.4B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STUB
STUB
TRN
TRN
Q4 25
$201.3M
Q3 25
$1.4B
$66.3M
Q2 25
$147.7M
Q1 25
$94.9M
Q4 24
$228.2M
Q3 24
$1.1B
$222.4M
Q2 24
$257.1M
Q1 24
$118.8M
Total Debt
STUB
STUB
TRN
TRN
Q4 25
Q3 25
$1.7B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
STUB
STUB
TRN
TRN
Q4 25
$1.1B
Q3 25
$1.7B
$1.0B
Q2 25
$1.0B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$815.9M
$1.1B
Q2 24
$1.1B
Q1 24
$1.0B
Total Assets
STUB
STUB
TRN
TRN
Q4 25
$8.4B
Q3 25
$5.6B
$8.9B
Q2 25
$8.8B
Q1 25
$8.7B
Q4 24
$8.8B
Q3 24
$8.8B
Q2 24
$9.0B
Q1 24
$9.1B
Debt / Equity
STUB
STUB
TRN
TRN
Q4 25
Q3 25
0.98×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
STUB
STUB
TRN
TRN
Operating Cash FlowLast quarter
$181.4M
$177.4M
Free Cash FlowOCF − Capex
$180.3M
$158.6M
FCF MarginFCF / Revenue
38.5%
25.9%
Capex IntensityCapex / Revenue
0.2%
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
STUB
STUB
TRN
TRN
Q4 25
$177.4M
Q3 25
$181.4M
$44.2M
Q2 25
$61.6M
Q1 25
$76.5M
Q4 24
$201.6M
Q3 24
$78.5M
Q2 24
$241.5M
Q1 24
$52.2M
Free Cash Flow
STUB
STUB
TRN
TRN
Q4 25
$158.6M
Q3 25
$180.3M
$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
STUB
STUB
TRN
TRN
Q4 25
25.9%
Q3 25
38.5%
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
STUB
STUB
TRN
TRN
Q4 25
3.1%
Q3 25
0.2%
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
STUB
STUB
TRN
TRN
Q4 25
0.91×
Q3 25
1.46×
Q2 25
4.37×
Q1 25
3.46×
Q4 24
5.33×
Q3 24
2.50×
Q2 24
4.44×
Q1 24
2.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

STUB
STUB

Transaction Fees$453.4M97%
Other$14.7M3%

TRN
TRN

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

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