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Side-by-side financial comparison of TRINITY INDUSTRIES INC (TRN) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
TRINITY INDUSTRIES INC is the larger business by last-quarter revenue ($611.2M vs $340.0M, roughly 1.8× Walker & Dunlop, Inc.). TRINITY INDUSTRIES INC runs the higher net margin — 31.8% vs -12.9%, a 44.7% gap on every dollar of revenue. On growth, Walker & Dunlop, Inc. posted the faster year-over-year revenue change (-0.4% vs -2.9%). TRINITY INDUSTRIES INC produced more free cash flow last quarter ($158.6M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs -13.1%).
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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
TRN vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $611.2M | $340.0M |
| Net Profit | $194.2M | $-13.9M |
| Gross Margin | 25.5% | — |
| Operating Margin | 54.9% | -17.2% |
| Net Margin | 31.8% | -12.9% |
| Revenue YoY | -2.9% | -0.4% |
| Net Profit YoY | 413.8% | -131.0% |
| EPS (diluted) | $2.25 | $-0.41 |
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.
| Q4 25 | $611.2M | $340.0M | ||
| Q3 25 | $454.1M | $337.7M | ||
| Q2 25 | $506.2M | $319.2M | ||
| Q1 25 | $585.4M | $237.4M | ||
| Q4 24 | $629.4M | $341.5M | ||
| Q3 24 | $798.8M | $292.3M | ||
| Q2 24 | $841.4M | $270.7M | ||
| Q1 24 | $809.6M | $228.1M |
| Q4 25 | $194.2M | $-13.9M | ||
| Q3 25 | $30.3M | $33.5M | ||
| Q2 25 | $14.1M | $34.0M | ||
| Q1 25 | $22.1M | $2.8M | ||
| Q4 24 | $37.8M | $44.8M | ||
| Q3 24 | $31.4M | $28.8M | ||
| Q2 24 | $54.4M | $22.7M | ||
| Q1 24 | $23.7M | $11.9M |
| 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% | — |
| Q4 25 | 54.9% | -17.2% | ||
| Q3 25 | 26.1% | 13.6% | ||
| Q2 25 | 18.8% | 14.5% | ||
| Q1 25 | 17.0% | 2.2% | ||
| Q4 24 | 17.8% | 15.3% | ||
| Q3 24 | 15.3% | 12.8% | ||
| Q2 24 | 16.9% | 10.4% | ||
| Q1 24 | 14.2% | 6.0% |
| Q4 25 | 31.8% | -12.9% | ||
| Q3 25 | 6.7% | 9.9% | ||
| Q2 25 | 2.8% | 10.6% | ||
| Q1 25 | 3.8% | 1.2% | ||
| Q4 24 | 6.0% | 13.1% | ||
| Q3 24 | 3.9% | 9.9% | ||
| Q2 24 | 6.5% | 8.4% | ||
| Q1 24 | 2.9% | 5.2% |
| Q4 25 | $2.25 | $-0.41 | ||
| Q3 25 | $0.37 | $0.98 | ||
| Q2 25 | $0.17 | $0.99 | ||
| Q1 25 | $0.26 | $0.08 | ||
| Q4 24 | $0.34 | $1.32 | ||
| Q3 24 | $0.37 | $0.85 | ||
| Q2 24 | $0.65 | $0.67 | ||
| Q1 24 | $0.28 | $0.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $201.3M | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $1.7B |
| Total Assets | $8.4B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $201.3M | $299.3M | ||
| Q3 25 | $66.3M | $274.8M | ||
| Q2 25 | $147.7M | $233.7M | ||
| Q1 25 | $94.9M | $181.0M | ||
| Q4 24 | $228.2M | $279.3M | ||
| Q3 24 | $222.4M | $179.8M | ||
| Q2 24 | $257.1M | $208.1M | ||
| Q1 24 | $118.8M | $216.5M |
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.0B | $1.8B | ||
| Q2 25 | $1.0B | $1.8B | ||
| Q1 25 | $1.1B | $1.7B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $1.1B | $1.7B | ||
| Q1 24 | $1.0B | $1.7B |
| Q4 25 | $8.4B | $5.1B | ||
| Q3 25 | $8.9B | $5.8B | ||
| Q2 25 | $8.8B | $4.7B | ||
| Q1 25 | $8.7B | $4.5B | ||
| Q4 24 | $8.8B | $4.4B | ||
| Q3 24 | $8.8B | $4.6B | ||
| Q2 24 | $9.0B | $4.2B | ||
| Q1 24 | $9.1B | $3.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $177.4M | $-664.3M |
| Free Cash FlowOCF − Capex | $158.6M | $-680.1M |
| FCF MarginFCF / Revenue | 25.9% | -200.0% |
| Capex IntensityCapex / Revenue | 3.1% | 4.6% |
| Cash ConversionOCF / Net Profit | 0.91× | — |
| TTM Free Cash FlowTrailing 4 quarters | $314.1M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $177.4M | $-664.3M | ||
| Q3 25 | $44.2M | $-948.1M | ||
| Q2 25 | $61.6M | $-238.5M | ||
| Q1 25 | $76.5M | $-281.1M | ||
| Q4 24 | $201.6M | $129.4M | ||
| Q3 24 | $78.5M | $-202.0M | ||
| Q2 24 | $241.5M | $-237.8M | ||
| Q1 24 | $52.2M | $38.4M |
| Q4 25 | $158.6M | $-680.1M | ||
| Q3 25 | $35.3M | $-950.4M | ||
| Q2 25 | $52.9M | $-241.0M | ||
| Q1 25 | $67.3M | $-284.7M | ||
| Q4 24 | $180.1M | $116.4M | ||
| Q3 24 | $62.1M | $-204.0M | ||
| Q2 24 | $230.2M | $-241.7M | ||
| Q1 24 | $47.6M | $35.2M |
| Q4 25 | 25.9% | -200.0% | ||
| Q3 25 | 7.8% | -281.5% | ||
| Q2 25 | 10.5% | -75.5% | ||
| Q1 25 | 11.5% | -120.0% | ||
| Q4 24 | 28.6% | 34.1% | ||
| Q3 24 | 7.8% | -69.8% | ||
| Q2 24 | 27.4% | -89.3% | ||
| Q1 24 | 5.9% | 15.4% |
| Q4 25 | 3.1% | 4.6% | ||
| Q3 25 | 2.0% | 0.7% | ||
| Q2 25 | 1.7% | 0.8% | ||
| Q1 25 | 1.6% | 1.5% | ||
| Q4 24 | 3.4% | 3.8% | ||
| Q3 24 | 2.1% | 0.7% | ||
| Q2 24 | 1.3% | 1.4% | ||
| Q1 24 | 0.6% | 1.4% |
| Q4 25 | 0.91× | — | ||
| Q3 25 | 1.46× | -28.34× | ||
| Q2 25 | 4.37× | -7.02× | ||
| Q1 25 | 3.46× | -102.07× | ||
| Q4 24 | 5.33× | 2.89× | ||
| Q3 24 | 2.50× | -7.01× | ||
| Q2 24 | 4.44× | -10.49× | ||
| Q1 24 | 2.20× | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TRN
| Manufacturing | $296.5M | 49% |
| Leasing And Management | $234.8M | 38% |
| Maintenance Services Domain | $69.8M | 11% |
| Digital Logistics Services | $11.2M | 2% |
WD
Segment breakdown not available.
