Trinity Capital (TRIN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Trinity Capital

NYSE•Financial Services•Asset Management

$17.79+0.04(<0.01%)Pre-market

Market Cap

$1.63B

P/E

11.5x

P/S

4.8x

P/B

1.3x

Trinity Capital Inc. is a business development company specializing in term loans, equipment financing, and private equity-related investments. The firm provides tech lending, equipment financing, life sciences, warehouse lending, and sponsor finance sources. The firm is industry agnostic and invests in growth-stage companies across industries, including aerospace, software, Agricultural Equipment, Alternative Protein, Clean Technology, Energy, Food and Beverage / CPG, Information Technology, Life Sciences, Oil and Gas, Robotics, Semiconductors, Transportation, and consumer and retail. They provide investors with stable and consistent returns through access to the private credit market. Trinity Capital Inc. was founded in 2008 and is based in Phoenix, Arizona, with additional offices in Solana Beach, California and San Diego, California.

How this company scores

AverageMetricSide Score: 48/100

Strongest: Profitability (18/25); weakest: Cash & Earnings Quality (1/25).

Profitability18/25

Growth18/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality1/25

Strengths

Growing revenueStrong marginsConsistent growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.5x5y range 6.7x – 39.9x

Currently above its 13-quarter median.

P/S · 4.8x5y range 2.1x – 4.8x

Currently above its 13-quarter median.

P/B · 1.3x5y range 0.8x – 1.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Red Flag

The last 6 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Price & Volume

Market Cap $1.63B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $336.08M
Q. Revenue: $87.17M
TTM EBITDA: $167.37M
TTM Op. Income: $167.37M
Q. Op. Income: $45.99M
TTM Net Income: $141.34M
Q. Net Income: $44.41M
EPS: $0.49
Shares Out.: $90.46M

$336.08M in TTM revenue grew 25.7% YoY, reaching $87.17M last quarter. TTM EBITDA of $167.37M and TTM operating income of $167.37M show growth is flowing through to the bottom line. TTM net income of $141.34M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 52.8%
Op. Margin: 52.8%
Net Margin: 50.9%

Op. margin of 52.8% is up 2.7% YoY — cost efficiency is improving. Net margin at 50.9% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 11.5x
P/S Ratio: 4.8x
P/B Ratio: 1.3x

At 11.5x P/E, the stock trades below typical market levels. P/S of 4.8x and P/B of 1.3x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.81B
Cash: $22.18M
Long-Term Debt: $1.51B
Book Value: $1.27B
D/E Ratio: 1.2
Debt/EBITDA: 32.9

With $2.81B in assets and $1.51B in long-term debt, D/E is 1.2and book value is $1.27B — moderate leverage. Over the past year, debt/equity is up 4% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-198.59M
TTM Free Cash Flow: $-592.98M
FCF Margin: -176.4%
FCF / Net Income: -4.2

TTM FCF of $-592.98M on $-198.59M in operating cash flow. The FCF / Net Income ratio of -4.2x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 48% — a weakening trend.