TRN.L
Price
Day trading desk
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
3 more panels on TRN.L open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Fundamentals
Valuation & profitability ratios
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Total revenue | $452.68M | $442.10M | $396.72M | $327.15M | +2.4% |
| Operating revenue | $452.68M | $442.10M | $396.72M | $327.15M | +2.4% |
| Cost of revenue | $78.81M | $89.78M | $91.43M | $74.92M | -12.2% |
| Gross profit | $373.87M | $352.31M | $305.29M | $252.22M | +6.1% |
| Selling, general & admin | $251.45M | $266.74M | $249.71M | $224.59M | -5.7% |
| Total operating expense | $251.45M | $266.74M | $249.71M | $224.59M | -5.7% |
| Operating income | $122.43M | $85.58M | $55.58M | $27.64M | +43.1% |
| Net interest income | -$9.76M | -$4.11M | -$5.63M | -$9.54M | -137.6% |
| Pre-tax income | $114.31M | $80.89M | $48.12M | $22.09M | +41.3% |
| Tax provision | $34.50M | $22.54M | $14.13M | $873.00K | +53.1% |
| Net income | $79.81M | $58.35M | $33.99M | $21.22M | +36.8% |
| Net income to common | $79.81M | $58.35M | $33.99M | $21.22M | +36.8% |
| Basic EPS | 0.19 | 0.13 | 0.07 | 0.05 | +48.4% |
| Diluted EPS | 0.19 | 0.13 | 0.07 | 0.04 | +51.1% |
| EBIT | $126.43M | $88.99M | $56.48M | $32.36M | +42.1% |
| EBITDA | $167.24M | $132.16M | $98.15M | $73.53M | +26.5% |
| Basic shares | 411.06M | 445.64M | 467.12M | 468.85M | -7.8% |
| Diluted shares | 417.26M | 460.83M | 479.15M | 473.06M | -9.5% |
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $59.70M | $76.76M | $91.08M | $57.34M | -22.2% |
| Cash & short-term investments | $59.70M | $76.76M | $91.08M | $57.34M | -22.2% |
| Accounts receivable | $76.08M | $50.34M | $38.86M | $38.03M | +51.1% |
| Total current assets | $148.63M | $144.92M | $150.25M | $117.50M | +2.6% |
| Property, plant & equipment | $47.79M | $11.07M | $17.95M | $21.19M | +331.6% |
| Goodwill & intangibles | $501.18M | $490.84M | $488.88M | $487.54M | +2.1% |
| Total assets | $699.65M | $660.25M | $681.93M | $653.17M | +6.0% |
| Total current liabilities | $234.61M | $305.35M | $221.80M | $212.74M | -23.2% |
| Current debt | $600.00K | $83.03M | $841.00K | $368.00K | -99.3% |
| Long-term debt | $226.53M | $68.10M | $139.94M | $138.49M | +232.6% |
| Total debt | $261.95M | $158.58M | $153.11M | $153.91M | +65.2% |
| Total liabilities | $495.29M | $377.51M | $369.92M | $362.53M | +31.2% |
| Retained earnings | $1.31B | $1.39B | $1.42B | $212.78M | -5.8% |
| Shareholder equity | $204.37M | $282.75M | $312.02M | $290.64M | -27.7% |
| Working capital | -$85.98M | -$160.43M | -$71.55M | -$95.24M | +46.4% |
| Net tangible assets | -$296.81M | -$208.09M | -$176.86M | -$196.89M | -42.6% |
| Shares issued | 385.41M | 445.47M | 471.03M | 480.68M | -13.5% |
| Line item | 2026 | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|---|
| Net income | $114.31M | $80.89M | $48.12M | $22.09M | +41.3% |
| Depreciation & amortisation | $40.81M | $43.17M | $41.66M | $41.17M | -5.5% |
| Stock-based compensation | $13.41M | $21.45M | $22.63M | $17.29M | -37.5% |
| Change in working capital | -$29.81M | -$7.47M | $9.91M | -$43.08M | -298.9% |
| Operating cash flow | $133.02M | $138.20M | $121.73M | $39.61M | -3.7% |
| Capital expenditure | -$53.47M | -$42.31M | -$39.88M | -$35.22M | -26.4% |
| Investing cash flow | -$53.70M | -$42.67M | -$40.75M | -$35.22M | -25.9% |
| Share buybacks | -$161.21M | -$106.49M | -$35.36M | -$7.95M | -51.4% |
| Financing cash flow | -$97.20M | -$109.08M | -$45.57M | -$15.74M | +10.9% |
| Free cash flow | $79.55M | $95.89M | $81.85M | $4.39M | -17.0% |
| End cash position | $59.70M | $76.76M | $91.08M | $57.34M | -22.2% |
Newly listed companies often have nothing on file until their first annual report.
| Line item | 2026-02-28 | 2025-02-28 | YoY |
|---|---|---|---|
| Cash & equivalents | $59.70M | $76.76M | -22.2% |
| Cash & short-term investments | $59.70M | $76.76M | -22.2% |
| Accounts receivable | $76.08M | $50.34M | +51.1% |
| Total current assets | $148.63M | $144.92M | +2.6% |
| Property, plant & equipment | $47.79M | $11.07M | +331.6% |
| Goodwill & intangibles | $501.18M | $490.84M | +2.1% |
| Total assets | $699.65M | $660.25M | +6.0% |
| Total current liabilities | $234.61M | $305.35M | -23.2% |
| Current debt | $600.00K | $83.03M | -99.3% |
| Long-term debt | $226.53M | $68.10M | +232.6% |
| Total debt | $261.95M | $158.58M | +65.2% |
| Total liabilities | $495.29M | $377.51M | +31.2% |
| Retained earnings | $1.31B | $1.39B | -5.8% |
| Shareholder equity | $204.37M | $282.75M | -27.7% |
| Working capital | -$85.98M | -$160.43M | +46.4% |
| Net tangible assets | -$296.81M | -$208.09M | -42.6% |
| Shares issued | 385.41M | 445.47M | -13.5% |
Newly listed companies often have nothing on file until their first annual report.
Analyst targets & ownership
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Headlines
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.