Tron (TRON) Stock Fundamentals, Analysis & Risk Signals

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

Tron

NasdaqCM•Consumer Cyclical•Leisure

$1.46+0.03(0.02%)Market open

Market Cap

$672.44M

P/E

98.0x

P/S

132.9x

P/B

2.7x

Tron Inc. designs, manufactures, and sells toys and souvenirs to theme parks and entertainment venues in the United States, China, Japan, and Europe. The company offers a range of products, including figures, plush, accessories, apparel, and homeware. It serves content providers and consumers. The company was formerly known as SRM Entertainment, Inc. and changed its name to Tron Inc. in July 2025. The company is headquartered in Winter Park, Florida.

How this company scores

WeakMetricSide Score: 42/100

Grade capped at D — Interest coverage below 1× (-49.1x) — earnings cannot cover interest. Strongest: Growth (21/25); weakest: Cash & Earnings Quality (3/25).

Profitability11/25

Growth21/25

Balance Sheet & Red Flags7/25

Cash & Earnings Quality3/25

Strengths

Growing revenueRising earningsProfit converts from growthNet cash position

Grade capped at D

Interest coverage below 1× (-49.1x) — earnings cannot cover interest.

Valuation vs. 5-year range

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

P/E · 98.0x5y range 19.0x – 114.6x

P/S · 132.9x5y range 1.0x – 132.9x

Currently above its 10-quarter median.

P/B · 2.7x5y range 0.7x – 4.5x

Watch items

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

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

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

Price & Volume

Market Cap $672.44M

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $5.06M
Q. Revenue: $1.57M
TTM EBITDA: $-2.03M
TTM Op. Income: $-2.26M
Q. Op. Income: $-535,776
TTM Net Income: $6.86M
Q. Net Income: $2.87M
EPS: $0.01
Shares Out.: $470.24M

$5.06M in TTM revenue grew 19.7% YoY, reaching $1.57M last quarter. TTM EBITDA of $-2.03M and TTM operating income of $-2.26M show growth is flowing through to the bottom line. TTM net income of $6.86M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 18.5%
EBITDA Margin: -32.3%
Op. Margin: -34.2%
Net Margin: 182.8%

Op. margin of -34.2% is up 21.3% YoY — cost efficiency is improving. Net margin at 182.8% and gross margin of 18.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 38% — an improving trend.

Price Ratios

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

P/E Ratio: 98.0x
P/S Ratio: 132.9x
P/B Ratio: 2.7x

At 98.0x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 132.9x and P/B of 2.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 0% — an improving trend.

Assets & Liabilities

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

Total Assets: $256.20M
Cash: $9.50M
Long-Term Debt: N/A
Book Value: $252.81M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

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

Op. Cash Flow: $-420,723
TTM Free Cash Flow: $-2.31M
FCF Margin: -45.6%
FCF / Net Income: -0.3

TTM FCF of $-2.31M on $-420,723 in operating cash flow. The FCF / Net Income ratio of -0.3x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.