Tron Inc. (TRON) 10-Year Financial Performance & Capital Metrics

TRON • • Industrial / General

Consumer CyclicalLeisureToys & GamesCollectibles & Pop Culture

AboutTron Inc. designs, manufactures, and sells toys and souvenirs to theme parks and entertainment venues in the United States, China, Japan, and Europe. The company designs a range of product categories, including figures, plush, accessories, apparel, and homewares. 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.Show more

Revenue $4M -25.2%
EBITDA -$4M -107.8%
Net Income -$4M -111.3%
EPS (Diluted) -0.37 -37.0%
Gross Margin 19.84% -13.3%
EBITDA Margin -97.83% -177.6%
Operating Margin -100.54% -184.3%
Net Margin -100.65% -182.3%
ROE -92.18% +7.5%
ROIC -116.48% +17.0%
Debt/Equity 0.09
Interest Coverage -134.75 -269.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Sales declining 9.5% over 5 years
✗Shares diluted 51.2% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-9.45%

3Y17.38%

TTM-2.98%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM391.87%

EPS CAGR

10Y-

5Y-

3Y-

TTM76.11%

ROCE

10Y Avg-29.54%

5Y Avg-29.54%

3Y Avg-34.15%

Latest-92.08%

Peer Comparison

Collectibles & Pop Culture

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TRONTron Inc.	433.52M	1.58	-4.27	-25.16%	269.57%	5.01%		0.09
FNKOFunko, Inc.	200.36M	3.66	-13.07	-4.22%	-7.39%	-37.4%	45.29%	1.10

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	7.08M	2.96M	2.67M	6.08M	5.76M	4.31M
Revenue Growth %	-	-0.58%	-0.1%	1.28%	-0.05%	-0.25%
Cost of Goods Sold+	5.35M	2.15M	2.11M	4.85M	4.44M	3.46M
COGS % of Revenue	0.76%	0.73%	0.79%	0.8%	0.77%	0.8%
Gross Profit+	1.73M	804.79K	555.43K	1.23M	1.32M	855.23K
Gross Margin %	0.24%	0.27%	0.21%	0.2%	0.23%	0.2%
Gross Profit Growth %	-	-0.54%	-0.31%	1.22%	0.07%	-0.35%
Operating Expenses+	3.57M	1.39M	585.15K	872.91K	3.35M	5.19M
OpEx % of Revenue	0.5%	0.47%	0.22%	0.14%	0.58%	1.2%
Selling, General & Admin	1.34M	1.39M	585.15K	872.91K	3.35M	5.19M
SG&A % of Revenue	0.19%	0.47%	0.22%	0.14%	0.58%	1.2%
Research & Development	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-
Other Operating Expenses	2.24M	0	0	0	0	0
Operating Income+	-1.84M	-586.99K	-29.71K	357.99K	-2.04M	-4.33M
Operating Margin %	-0.26%	-0.2%	-0.01%	0.06%	-0.35%	-1.01%
Operating Income Growth %	-	0.68%	0.95%	13.05%	-6.69%	-1.13%
EBITDA+	-1.82M	-537.99K	0	360.32K	-2.03M	-4.22M
EBITDA Margin %	-0.26%	-0.18%	-	0.06%	-0.35%	-0.98%
EBITDA Growth %	-	0.7%	1%	-	-6.63%	-1.08%
D&A (Non-Cash Add-back)	22.72K	49K	29.71K	2.33K	6.65K	116.88K
EBIT	-1.84M	-586.99K	-29.71K	358.75K	-2M	-4.31M
Net Interest Income+	2.02K	0	654	-30.04K	-16.93K	-4.55K
Interest Income	2.02K	0	654	14	38.92K	27.62K
Interest Expense	0	0	0	30.05K	55.85K	32.17K
Other Income/Expense	-2.02K	0	654	-29.28K	-16.93K	-4.55K
Pretax Income+	-1.84M	-586.99K	-29.06K	328.7K	-2.05M	-4.34M
Pretax Margin %	-0.26%	-0.2%	-0.01%	0.05%	-0.36%	-1.01%
Income Tax+	-2.91K	0	0	0	0	0
Effective Tax Rate %	1%	1%	1%	1%	1%	1%
Net Income+	-1.84M	-586.99K	-29.06K	328.7K	-2.05M	-4.34M
Net Margin %	-0.26%	-0.2%	-0.01%	0.05%	-0.36%	-1.01%
Net Income Growth %	-	0.68%	0.95%	12.31%	-7.25%	-1.11%
Net Income (Continuing)	-1.84M	-586.99K	-29.06K	328.7K	-2.05M	-4.34M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
EPS (Diluted)+	-1.08	-0.35	-0.02	0.04	-0.27	-0.37
EPS Growth %	-	0.68%	0.95%	3.35%	-7.73%	-0.37%
EPS (Basic)	-1.08	-0.35	-0.02	0.19	-0.27	-0.37
Diluted Shares Outstanding	1.7M	1.7M	1.7M	8.2M	7.69M	11.62M
Basic Shares Outstanding	1.7M	1.7M	1.7M	1.7M	7.61M	11.62M
Dividend Payout Ratio	-	-	-	-	-	-

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.43M	454.17K	1.81M	2.07M	4.5M	3.46M
Cash & Short-Term Investments	206.14K	70.1K	515.37K	453.52K	2.98M	1.35M
Cash Only	163.3K	70.1K	515.37K	453.52K	2.98M	1.35M
Short-Term Investments	42.84K	0	0	0	0	0
Accounts Receivable	794.32K	241.51K	661.46K	621.09K	707.03K	794.16K
Days Sales Outstanding	40.93	29.8	90.57	37.31	44.8	67.23
Inventory	27.23K	0	0	290.2K	307K	783.8K
Days Inventory Outstanding	1.86	-	-	21.86	25.22	82.78
Other Current Assets	1.41M	119.92K	27.3K	75.53K	410.78K	439.87K
Total Non-Current Assets+	98.57K	0	7.38K	9.33K	45.46K	2.84M
Property, Plant & Equipment	98.57K	0	7.38K	9.33K	45.46K	48.28K
Fixed Asset Turnover	71.86x	-	361.17x	651.04x	126.71x	89.30x
Goodwill	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	2.8M
Long-Term Investments	0	0	0	0	0	0
Other Non-Current Assets	0	0	0	0	0	0
Total Assets+	2.53M	454.17K	1.82M	2.08M	4.54M	6.31M
Asset Turnover	2.80x	6.51x	1.47x	2.92x	1.27x	0.68x
Asset Growth %	-	-0.82%	3%	0.14%	1.18%	0.39%
Total Current Liabilities+	2.8M	756.41K	2.15M	599.49K	418.88K	1.02M
Accounts Payable	1.42M	683.09K	532.9K	378.8K	126.45K	263.99K
Days Payables Outstanding	96.85	115.78	92.17	28.54	10.39	27.88
Short-Term Debt	0	0	1.5M	7.7K	0	500K
Deferred Revenue (Current)	0	0	0	0	0	0
Other Current Liabilities	0	0	0	-7.7K	0	-1
Current Ratio	0.87x	0.60x	0.84x	3.45x	10.74x	3.41x
Quick Ratio	0.86x	0.60x	0.84x	2.97x	10.00x	2.64x
Cash Conversion Cycle	-54.06	-	-	30.63	59.63	122.13
Total Non-Current Liabilities+	0	0	0	1.48M	0	1
Long-Term Debt	0	0	0	1.48M	0	0
Capital Lease Obligations	0	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	1
Total Liabilities	2.8M	756.41K	2.15M	2.08M	418.88K	1.02M
Total Debt+	0	0	1.5M	1.49M	0	500K
Net Debt	-163.3K	-70.1K	987.25K	1.04M	-2.98M	-852.37K
Debt / Equity	-	-	-	-	-	0.09x
Debt / EBITDA	-	-	-	4.14x	-	-
Net Debt / EBITDA	-	-	-	2.88x	-	-
Interest Coverage	-	-	-	11.91x	-36.47x	-134.75x
Total Equity+	-266.56K	-302.23K	-331.3K	-2.59K	4.12M	5.29M
Equity Growth %	-	-0.13%	-0.1%	0.99%	1590.9%	0.28%
Book Value per Share	-0.16	-0.18	-0.19	-0.00	0.54	0.46
Total Shareholders' Equity	-266.56K	-302.23K	-331.3K	-2.59K	4.12M	5.29M
Common Stock	428.11K	0	0	650	977	1.6K
Retained Earnings	-694.67K	396.32K	367.26K	695.96K	-1.36M	-5.7M
Treasury Stock	0	0	0	0	0	0
Accumulated OCI	0	-698.56K	-698.56K	0	676K	791K
Minority Interest	0	0	0	0	0	0

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-341.5K	-108.38K	452.65K	-29.93K	-766.88K	-2.86M
Operating CF Margin %	-0.05%	-0.04%	0.17%	-0%	-0.13%	-0.66%
Operating CF Growth %	-	0.68%	5.18%	-1.07%	-24.63%	-2.72%
Net Income	-1.84M	-586.99K	-29.06K	328.7K	-2.05M	-4.34M
Depreciation & Amortization	96.59K	0	0	2.33K	6.65K	116.88K
Stock-Based Compensation	0	0	0	0	0	1.28M
Deferred Taxes	0	0	0	0	0	0
Other Non-Cash Items	2.02M	-644.19K	-150.19K	0	1.36M	584.59K
Working Capital Changes	-616.67K	1.12M	631.9K	-360.96K	-82.17K	-495.74K
Change in Receivables	-119.48K	1.27M	-419.95K	40.37K	-85.94K	-87.12K
Change in Inventory	51.43K	0	0	-290.2K	-16.8K	-476.8K
Change in Payables	0	0	0	-154.09K	-252.35K	137.54K
Cash from Investing+	982	0	-7.38K	-4.29K	-392.96K	-273.26K
Capital Expenditures	0	0	-7.38K	-4.29K	-42.78K	-23.26K
CapEx % of Revenue	-	-	0%	0%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	982	0	0	0	0	-250K
Cash from Financing+	-76.14K	0	0	-27.65K	3.69M	1.5M
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-
Other Financing	-3K	0	0	-7.7K	0	0
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	-341.5K	-108.38K	445.27K	-34.21K	-809.66K	-3.13M
FCF Margin %	-0.05%	-0.04%	0.17%	-0.01%	-0.14%	-0.73%
FCF Growth %	-	0.68%	5.11%	-1.08%	-22.67%	-2.87%
FCF per Share	-0.20	-0.06	0.26	-0.00	-0.11	-0.27
FCF Conversion (FCF/Net Income)	0.19x	0.18x	-15.58x	-0.09x	0.37x	0.66x
Interest Paid	0	0	0	30.05K	0	0
Taxes Paid	0	0	0	0	0	0

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-	-	-99.66%	-92.18%
Return on Invested Capital (ROIC)	-	-	-15.72%	31.77%	-140.3%	-116.48%
Gross Margin	24.45%	27.21%	20.84%	20.26%	22.87%	19.84%
Net Margin	-26%	-19.84%	-1.09%	5.41%	-35.65%	-100.65%
Debt / Equity	-	-	-	-	-	0.09x
Interest Coverage	-	-	-	11.91x	-36.47x	-134.75x
FCF Conversion	0.19x	0.18x	-15.58x	-0.09x	0.37x	0.66x
Revenue Growth	-	-58.23%	-9.88%	127.93%	-5.19%	-25.16%

Frequently Asked Questions

Growth & Financials

Tron Inc. (TRON) reported $4.5M in revenue for fiscal year 2024. This represents a 37% decrease from $7.1M in 2019.

Tron Inc. (TRON) saw revenue decline by 25.2% over the past year.

Yes, Tron Inc. (TRON) is profitable, generating $12.0M in net income for fiscal year 2024 (-100.6% net margin).

Dividend & Returns

Tron Inc. (TRON) has a return on equity (ROE) of -92.2%. Negative ROE indicates the company is unprofitable.

Tron Inc. (TRON) had negative free cash flow of $2.2M in fiscal year 2024, likely due to heavy capital investments.

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