Trinity Capital Inc. (TRIN) Key Metrics
TRIN valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.45B
- Enterprise value
- $3.00B
- P/E (TTM)
- 9.1 10-yr median 7.3
- Forward P/E
- 8.3
- PEG ratio
- 5.14
- Price / sales
- 4.6 10-yr median 3.5
- Price / book
- 1.3 10-yr median 1.0
- EV / EBITDA
- — 10-yr median 9.9
- Dividend yield
- 12.68% $2.04 a year
- Beta
- 0.70
TRIN key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTRIN valuation Price multiples at each fiscal year-end price.
TRIN returns How much profit the business earns on the capital it uses.
TRIN per-share figures Results divided by the shares outstanding at year-end.
TRIN financial health Debt, liquidity and how easily interest is covered.
TRIN efficiency & capital use Working capital cycle and where the cash goes.
TRIN valuation history
TRIN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TRIN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TRIN cash returned to shareholders
TRIN price vs earnings per share
TRIN key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $1.02B | $820.9M | $620.5M | $346.2M | $478.7M | — | — |
| Enterprise value | $2.31B | $1.69B | $1.26B | $946.2M | $902.4M | — | — |
| P/E ratio | 7.5 | 7.1 | 8.1 | — | 3.6 | — | — |
| Price / sales | 4.4 | 3.5 | 3.5 | 8.0 | 3.1 | — | — |
| Price / book | 0.9 | 1.0 | 1.0 | 0.8 | 1.1 | — | — |
| EV / sales | 9.9 | 7.1 | 7.2 | 21.7 | 5.8 | — | — |
| EV / EBITDA | 10.4 | 14.3 | 9.4 | — | 2.9 | — | — |
| Earnings yield | 13.4% | 14.1% | 12.4% | −8.8% | 27.6% | — | — |
| Free cash flow yield | −52.8% | −38.7% | −16.0% | −68.2% | −50.7% | — | — |
| Dividend yield | 13.4% | 12.5% | 12.7% | 17.7% | 5.2% | — | — |
| Shareholder yield (dividends + buybacks) | 13.9% | 12.9% | 13.3% | 18.5% | 5.2% | — | — |
| Share price at fiscal year-end | $14.65 | $14.47 | $14.53 | $10.93 | $17.58 | — | — |
| Per share | |||||||
| Revenue per share | $3.35 | $4.19 | $4.09 | $1.37 | $5.70 | $0.90 | $0.00 |
| Earnings per share | $1.96 | $2.04 | $1.80 | −$0.96 | $4.86 | −$0.23 | −$0.02 |
| Operating cash flow per share | −$7.73 | −$5.59 | −$2.25 | −$7.44 | −$8.88 | −$2.20 | −$0.02 |
| Free cash flow per share | −$7.73 | −$5.59 | −$2.32 | −$7.45 | −$8.92 | −$2.21 | −$0.02 |
| Cash per share | $0.28 | $0.17 | $0.11 | $0.34 | $1.16 | $1.69 | — |
| Book value per share | $15.79 | $14.51 | $14.31 | $14.51 | $16.40 | $9.04 | −$0.02 |
| Tangible book value per share | $15.79 | $14.51 | $14.31 | $14.51 | $16.40 | $9.04 | −$0.02 |
| Dividends per share | $1.97 | $1.81 | $1.85 | $1.93 | $0.92 | $0.39 | $0.41 |
| Capex per share | $0.01 | $0.01 | $0.06 | $0.01 | $0.04 | $0.01 | $0.01 |
| Debt per share | $18.93 | $15.47 | $15.15 | $19.28 | $16.72 | $11.35 | — |
| Shares outstanding | 69.3M | 56.7M | 42.7M | 31.7M | 27.2M | 26.4M | 25.3M |
| Change in shares outstanding | +22.1% | +32.8% | +34.8% | +16.3% | +3.1% | +4.4% | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | 14.1% | 16.1% | 14.4% | −6.7% | 38.6% | −5.1% | — |
| Return on invested capital (ROIC) | 8.4% | 7.9% | 10.9% | −2.3% | 19.4% | −2.0% | — |
| Return on assets (ROA) | 6.4% | 7.5% | 6.3% | −2.9% | 17.7% | −2.2% | −8.4% |
| Return on tangible assets | 5.5% | 6.5% | 5.9% | −2.7% | 14.1% | −1.1% | −8.4% |
| Free cash flow margin | −230.6% | −133.6% | −56.6% | −541.9% | −156.6% | −245.5% | — |
| Income quality (OCF / net income) | −3.95 | −2.74 | −1.25 | — | −1.83 | — | — |
| Financial health | |||||||
| Total debt | $1.31B | $877.7M | $646.9M | $610.6M | $455.3M | $299.7M | — |
| Cash & short-term investments | $19.1M | $9.6M | $4.8M | $10.6M | $31.7M | $44.7M | — |
| Net debt | $1.29B | $868.0M | $642.1M | $600.0M | $423.7M | $255.1M | — |
| Debt / equity | 1.20 | 1.07 | 1.06 | 1.33 | 1.02 | 1.26 | — |
| Debt / assets | 0.53 | 0.49 | 0.49 | 0.54 | 0.49 | 0.54 | — |
| Net debt / EBITDA | 5.85 | 7.34 | 4.79 | — | 1.38 | — | — |
| Current ratio | 22.79 | 0.83 | 0.37 | 0.97 | 3.87 | 3.93 | — |
| Quick ratio | 22.79 | 0.83 | 0.37 | 0.00 | −1.47 | −1.34 | — |
| Interest coverage | 2.7 | 1.9 | 2.9 | -0.8 | 6.5 | -0.4 | — |
| Working capital | $37.5M | −$5.3M | −$27.4M | −$743,000 | $28.1M | $35.9M | — |
| Invested capital | $2.39B | $1.69B | $1.25B | $1.06B | $870.2M | $493.8M | −$524,000 |
| Tangible asset value | $1.09B | $823.0M | $611.2M | $459.6M | $446.5M | $238.7M | −$524,000 |
| Net current asset value | −$1.35B | −$925.1M | −$683.9M | −$646.2M | −$452.7M | −$272.8M | — |
| Graham number | $26.37 | $25.79 | $24.08 | — | $42.34 | — | — |
| Graham net-net per share | −$19.59 | −$16.38 | −$16.08 | −$20.16 | −$15.74 | −$9.14 | −$0.27 |
| Capital allocation | |||||||
| Dividends paid | $136.4M | $102.5M | $78.8M | $61.2M | $24.9M | $10.3M | $10.3M |
| Share buybacks (net) | $4.4M | $3.7M | $3.8M | $3.0M | $138,000 | $0 | — |
| Dividend payout ratio | 100.6% | 88.7% | 102.5% | — | 18.8% | — | — |
| Capex / revenue | 0.3% | 0.2% | 1.6% | 0.4% | 0.8% | 1.1% | — |
| Capex / depreciation | 0.16 | — | 0.64 | 0.00 | — | 5.06 | 0.20 |
| Stock-based compensation / revenue | 5.2% | 4.4% | 5.0% | 13.9% | 0.7% | — | — |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | — |
| SG&A / revenue | 7.7% | 6.0% | 6.9% | 23.4% | 4.7% | 18.4% | — |
| Efficiency | |||||||
| Days sales outstanding | 28.0 | 21.3 | 22.1 | 65.1 | 10.6 | 53.1 | — |
| Days of inventory on hand | — | — | — | 389.5 | 1,374.4 | 2,259.0 | — |
| Days payables outstanding | 259.3 | 149.7 | 224.4 | 166.4 | 259.4 | 313.5 | — |
| Cash conversion cycle (days) | -231.3 | -128.4 | -202.3 | 288.2 | 1,125.5 | 1,998.6 | — |
| Receivables turnover | 13.06 | 17.11 | 16.51 | 5.61 | 34.39 | 6.87 | — |
| Payables turnover | 1.41 | 2.44 | 1.63 | 2.19 | 1.41 | 1.16 | — |
| Inventory turnover | — | — | — | 0.94 | 0.27 | 0.16 | — |
| Asset turnover | 0.11 | 0.15 | 0.14 | 0.04 | 0.21 | 0.08 | 0.00 |
| Average receivables | $17.8M | $13.9M | $10.6M | $7.8M | $4.5M | $3.5M | — |
| Average payables | $36.5M | $25.4M | $20.3M | $15.6M | $11.0M | $9.0M | $5.7M |
| Average inventory | — | — | — | $36.4M | $58.4M | $64.6M | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from TRIN's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
TRIN valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Trinity Capital traded at 7.5 times earnings, against a 7-year median of 7.3. Based on the latest twelve months, the trailing P/E is 9.1 and the forward P/E is 8.3. Trinity Capital earned a return on equity of 14.1% and a return on invested capital of 8.4% in fiscal 2025. It ended the year with $1.3 billion of debt and $19.1 million in cash and short-term investments, net debt of $1.3 billion. It returned $140.7 million to shareholders: $136.4 million in dividends and $4.4 million in share buybacks. The share count rose 173.8% from 25.3M to 69.3M over 6 years.
See the TRIN income statement, the TRIN chart for price history, or the TRIN stock overview for the latest quote and news.
TRIN key metrics FAQ
What is Trinity Capital's P/E ratio?
Trinity Capital's trailing P/E ratio is 9.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.3. At the end of fiscal 2025 it was 7.5, compared with a 7-year median of 7.3.
What is Trinity Capital's EV/EBITDA?
Trinity Capital's enterprise value was 10.4 times EBITDA at the end of fiscal 2025 (enterprise value $2.3 billion, EBITDA $221.1 million).
What is Trinity Capital's return on equity?
Trinity Capital's return on equity (ROE) was 14.1% in fiscal 2025: net income of $135.6 million on average shareholders' equity of $958.5 million.
What is Trinity Capital's ROIC?
Trinity Capital's return on invested capital was 8.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Trinity Capital have?
Trinity Capital had total debt of $1.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.20 and $1.3 billion of net debt (5.85 times EBITDA).
What is Trinity Capital's dividend yield?
Trinity Capital's forward dividend yield is 12.68%. Trinity Capital paid $136.4 million in dividends in fiscal 2025 ($1.97 per share), a payout ratio of 100.6%.
Does Trinity Capital buy back its shares?
Yes. Trinity Capital spent $4.4 million on net share repurchases in fiscal 2025 Shares outstanding changed +22.1% over the year, to 69.3M..
What is Trinity Capital's free cash flow yield?
Trinity Capital generated -$535.5 million of free cash flow in fiscal 2025, a free cash flow yield of −52.8% on its market value at year-end ($1.0 billion).
What is Trinity Capital's current ratio?
Trinity Capital's current ratio was 22.79 at the end of fiscal 2025: current assets were 22.79 times current liabilities.