TRN vs. MDU

Last updated Apr 2, 2026

Compare and contrast key facts about Trinity Industries, Inc. (TRN) and MDU Resources Group, Inc. (MDU).

Performance

TRN vs. MDU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Trinity Industries, Inc. (TRN) and MDU Resources Group, Inc. (MDU). The values are adjusted to include any dividend payments, if applicable.

TRN vs. MDU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRN Trinity Industries, Inc.	26.30%	-21.48%	37.18%	-6.24%	1.48%	17.93%	23.82%	11.09%	-22.50%	37.18%
MDU MDU Resources Group, Inc.	8.46%	11.77%	68.01%	-1.94%	1.46%	20.37%	-8.31%	28.44%	-8.64%	-3.87%

Fundamentals

Market Cap TRN : $2.70B MDU : $4.33B
EPS TRN : $0.83 MDU : $0.93
PE Ratio TRN : 39.61 MDU : 22.68
PS Ratio TRN : 1.26 MDU : 2.30
Total Revenue (TTM) TRN : $2.16B MDU : $1.88B
Gross Profit (TTM) TRN : $572.70M MDU : $560.03M
EBITDA (TTM) TRN : $799.00M MDU : $519.38M

Returns By Period

In the year-to-date period, TRN achieves a 26.30% return, which is significantly higher than MDU's 8.46% return. Over the past 10 years, TRN has underperformed MDU with an annualized return of 13.20%, while MDU has yielded a comparatively higher 14.35% annualized return.

TRN

• 1D: 2.61%
• 1M: -4.57%
• YTD: 26.30%
• 6M: 21.46%
• 1Y: 22.75%
• 3Y*: 15.33%
• 5Y*: 7.01%
• 10Y*: 13.20%

MDU

• 1D: 1.50%
• 1M: 1.54%
• YTD: 8.46%
• 6M: 21.29%
• 1Y: 28.02%
• 3Y*: 25.44%
• 5Y*: 14.94%
• 10Y*: 14.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

TRN vs. MDU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRN

TRN Risk / Return Rank: 63
TRN Sharpe Ratio Rank: 64
TRN Sortino Ratio Rank: 61
TRN Omega Ratio Rank: 57
TRN Calmar Ratio Rank: 66
TRN Martin Ratio Rank: 66

MDU

MDU Risk / Return Rank: 77
MDU Sharpe Ratio Rank: 79
MDU Sortino Ratio Rank: 71
MDU Omega Ratio Rank: 70
MDU Calmar Ratio Rank: 84
MDU Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TRN vs. MDU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Trinity Industries, Inc. (TRN) and MDU Resources Group, Inc. (MDU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TRN	MDU	Difference
Sharpe ratio Return per unit of total volatility	0.67	1.23	-0.55
Sortino ratio Return per unit of downside risk	1.24	1.67	-0.43
Omega ratio Gain probability vs. loss probability	1.15	1.22	-0.08
Calmar ratio Return relative to maximum drawdown	1.22	2.90	-1.68
Martin ratio Return relative to average drawdown	3.00	5.82	-2.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRN vs. MDU - Sharpe Ratio Comparison

The current TRN Sharpe Ratio is 0.67, which is lower than the MDU Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of TRN and MDU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TRN	MDU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	1.23	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.65	-0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.53	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.45	-0.25

Correlation

The correlation between TRN and MDU is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TRN vs. MDU - Dividend Comparison

TRN's dividend yield for the trailing twelve months is around 3.66%, more than MDU's 2.62% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TRN Trinity Industries, Inc.	3.66%	4.54%	3.19%	3.91%	3.11%	2.78%	2.88%	2.89%	1.82%	1.28%	1.59%	1.75%
MDU MDU Resources Group, Inc.	2.62%	2.77%	1.89%	3.16%	2.88%	2.77%	3.17%	2.74%	3.33%	2.88%	2.62%	4.01%

Drawdowns

TRN vs. MDU - Drawdown Comparison

The maximum TRN drawdown since its inception was -86.22%, which is greater than MDU's maximum drawdown of -62.17%. Use the drawdown chart below to compare losses from any high point for TRN and MDU.

Drawdown Indicators

	TRN	MDU	Difference
Max Drawdown Largest peak-to-trough decline	-86.22%	-62.17%	-24.05%
Max Drawdown (1Y) Largest decline over 1 year	-18.86%	-9.70%	-9.16%
Max Drawdown (5Y) Largest decline over 5 years	-39.58%	-25.24%	-14.34%
Max Drawdown (10Y) Largest decline over 10 years	-45.21%	-51.41%	+6.20%
Current Drawdown Current decline from peak	-12.47%	-0.79%	-11.68%
Average Drawdown Average peak-to-trough decline	-31.79%	-14.39%	-17.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.67%	4.84%	+2.83%

Volatility

TRN vs. MDU - Volatility Comparison

Trinity Industries, Inc. (TRN) has a higher volatility of 9.82% compared to MDU Resources Group, Inc. (MDU) at 6.83%. This indicates that TRN's price experiences larger fluctuations and is considered to be riskier than MDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRN	MDU	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.82%	6.83%	+2.99%
Volatility (6M) Calculated over the trailing 6-month period	21.68%	14.90%	+6.78%
Volatility (1Y) Calculated over the trailing 1-year period	34.02%	22.95%	+11.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.30%	22.93%	+12.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.66%	27.10%	+9.56%

Financials

TRN vs. MDU - Profitability Comparison

The chart below illustrates the profitability comparison between Trinity Industries, Inc. and MDU Resources Group, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TRN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Trinity Industries, Inc. reported a gross profit of 155.70M and revenue of 611.20M. Therefore, the gross margin over that period was 25.5%.

MDU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, MDU Resources Group, Inc. reported a gross profit of 136.20M and revenue of 534.00M. Therefore, the gross margin over that period was 25.5%.

TRN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Trinity Industries, Inc. reported an operating income of 335.40M and revenue of 611.20M, resulting in an operating margin of 54.9%.

MDU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, MDU Resources Group, Inc. reported an operating income of 107.40M and revenue of 534.00M, resulting in an operating margin of 20.1%.

TRN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Trinity Industries, Inc. reported a net income of 2.28M and revenue of 611.20M, resulting in a net margin of 0.4%.

MDU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, MDU Resources Group, Inc. reported a net income of 76.30M and revenue of 534.00M, resulting in a net margin of 14.3%.