TRN vs. NJR

Last updated Jun 3, 2026

TRN (Trinity Industries, Inc.) and NJR (New Jersey Resources Corporation) are both stocks. TRN operates in Railroads (Industrials), while NJR operates in Utilities - Regulated Gas (Utilities). Over the past 10 years, TRN returned 13.06%/yr vs 7.65%/yr for NJR. At a 0.27 correlation, their price movements are largely independent.

Performance

TRN vs. NJR - Performance Comparison

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

Returns By Period

In the year-to-date period, TRN achieves a 23.04% return, which is significantly higher than NJR's 18.25% return. Over the past 10 years, TRN has outperformed NJR with an annualized return of 13.06%, while NJR has yielded a comparatively lower 7.65% annualized return.

TRN

• 1D: -0.13%
• 1M: -11.98%
• YTD: 23.04%
• 6M: 22.62%
• 1Y: 30.83%
• 3Y*: 16.49%
• 5Y*: 6.40%
• 10Y*: 13.06%

NJR

• 1D: 0.75%
• 1M: -3.46%
• YTD: 18.25%
• 6M: 18.87%
• 1Y: 22.75%
• 3Y*: 6.38%
• 5Y*: 8.22%
• 10Y*: 7.65%

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

TRN vs. NJR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRN Trinity Industries, Inc.	23.04%	-21.48%	37.18%	-6.24%	1.48%	17.93%	23.82%	11.09%	-22.50%	37.18%
NJR New Jersey Resources Corporation	18.25%	2.91%	8.72%	-6.94%	24.93%	19.60%	-16.86%	0.13%	16.57%	16.18%

Correlation

The correlation between TRN and NJR is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Dec 31, 1987	0.27

The correlation between TRN and NJR shifts across timeframes, from 0.21 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TRN : $2.61B NJR : $5.49B
EPS TRN : $3.13 NJR : $3.38
PE Ratio TRN : 10.19 NJR : 16.00
PEG Ratio TRN : 0.13 NJR : 0.43
PS Ratio TRN : 1.27 NJR : 2.47
Total Revenue (TTM) TRN : $2.06B NJR : $2.21B
Gross Profit (TTM) TRN : $559.40M NJR : $613.25M
EBITDA (TTM) TRN : $879.00M NJR : $743.74M

Return for Risk

TRN vs. NJR — Risk / Return Rank

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

TRN

TRN Risk / Return Rank: 68
TRN Sharpe Ratio Rank: 69
TRN Sortino Ratio Rank: 67
TRN Omega Ratio Rank: 63
TRN Calmar Ratio Rank: 69
TRN Martin Ratio Rank: 72

NJR

NJR Risk / Return Rank: 76
NJR Sharpe Ratio Rank: 78
NJR Sortino Ratio Rank: 73
NJR Omega Ratio Rank: 71
NJR Calmar Ratio Rank: 79
NJR Martin Ratio Rank: 81

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. NJR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Trinity Industries, Inc. (TRN) and New Jersey Resources Corporation (NJR). 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	NJR	Difference
Sharpe ratio Return per unit of total volatility	0.91	1.35	-0.43
Sortino ratio Return per unit of downside risk	1.61	1.91	-0.31
Omega ratio Gain probability vs. loss probability	1.19	1.23	-0.05
Calmar ratio Return relative to maximum drawdown	1.55	2.60	-1.05
Martin ratio Return relative to average drawdown	4.42	7.32	-2.90
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. NJR - Sharpe Ratio Comparison

The current TRN Sharpe Ratio is 0.91, which is lower than the NJR Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of TRN and NJR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TRN	NJR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	1.35	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.40	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.27	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.52	-0.33

Drawdowns

TRN vs. NJR - Drawdown Comparison

The maximum TRN drawdown since its inception was -86.22%, which is greater than NJR's maximum drawdown of -50.72%. Use the drawdown chart below to compare losses from any high point for TRN and NJR.

Drawdown Indicators

	TRN	NJR	Difference
Max Drawdown Largest peak-to-trough decline	-86.22%	-50.72%	-35.50%
Max Drawdown (1Y) Largest decline over 1 year	-18.86%	-8.68%	-10.18%
Max Drawdown (3Y) Largest decline over 3 years	-39.58%	-20.57%	-19.01%
Max Drawdown (5Y) Largest decline over 5 years	-39.58%	-27.79%	-11.79%
Max Drawdown (10Y) Largest decline over 10 years	-45.21%	-50.72%	+5.51%
Current Drawdown Current decline from peak	-14.73%	-7.10%	-7.63%
Average Drawdown Average peak-to-trough decline	-31.70%	-7.54%	-24.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.59%	3.08%	+3.51%

Volatility

TRN vs. NJR - Volatility Comparison

Trinity Industries, Inc. (TRN) has a higher volatility of 9.84% compared to New Jersey Resources Corporation (NJR) at 5.67%. This indicates that TRN's price experiences larger fluctuations and is considered to be riskier than NJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRN	NJR	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.84%	5.67%	+4.17%
Volatility (6M) Calculated over the trailing 6-month period	26.68%	12.69%	+13.99%
Volatility (1Y) Calculated over the trailing 1-year period	33.94%	16.98%	+16.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.74%	20.79%	+14.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.78%	28.05%	+8.73%

Dividends

TRN vs. NJR - Dividend Comparison

TRN's dividend yield for the trailing twelve months is around 3.83%, more than NJR's 3.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NJR New Jersey Resources Corporation	3.47%	4.01%	3.73%	3.63%	3.03%	3.39%	3.63%	2.71%	2.47%	2.62%	2.79%	2.82%
TRN Trinity Industries, Inc.	3.83%	4.54%	3.19%	3.91%	3.11%	2.78%	2.88%	2.89%	1.82%	1.28%	1.59%	1.75%

Financials

TRN vs. NJR - Profitability Comparison

The chart below illustrates the profitability comparison between Trinity Industries, Inc. and New Jersey Resources Corporation 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 Jun 2026, Trinity Industries, Inc. reported a gross profit of 128.90M and revenue of 492.00M. Therefore, the gross margin over that period was 26.2%.

NJR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, New Jersey Resources Corporation reported a gross profit of 301.03M and revenue of 939.40M. Therefore, the gross margin over that period was 32.0%.

TRN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Trinity Industries, Inc. reported an operating income of 101.10M and revenue of 492.00M, resulting in an operating margin of 20.6%.

NJR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, New Jersey Resources Corporation reported an operating income of 301.03M and revenue of 939.40M, resulting in an operating margin of 32.0%.

TRN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Trinity Industries, Inc. reported a net income of 26.60M and revenue of 492.00M, resulting in a net margin of 5.4%.

NJR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, New Jersey Resources Corporation reported a net income of 218.91M and revenue of 939.40M, resulting in a net margin of 23.3%.

Frequently Asked Questions

Can I hold both TRN and NJR in my portfolio?

TRN and NJR have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRN or NJR?

TRN has higher volatility (9.84%) compared to NJR (5.67%). In terms of maximum drawdown, TRN dropped -86.22% vs NJR's -50.72%.

Which has better risk-adjusted returns?

NJR currently has the higher Sharpe Ratio (1.35 vs 0.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.