Trinity Capital Inc. (TRIN) Financial Ratios
7 years of historical data (2019–2025) · Financial Services · Asset Management
EV/EBITDA
↑
11.37
+8% vs avg
5yr avg: 10.54
30Y Low6.8·High14.3
P/FCF
N/A
—
5yr avg: 6.33
30Y Low6.3·High6.3
P/B Ratio
↓
1.07
+12% vs avg
5yr avg: 0.95
30Y Low0.8·High1.1
ROE
↓
14.1%
-8% vs avg
5yr avg: 15.3%
30Y Low-7%·High39%
Debt/EBITDA
↑
6.07
+9% vs avg
5yr avg: 5.57
30Y Low3.4·High7.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TRIN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Trinity Capital Inc. trades at 8.6x earnings, 34% above its 5-year average of 6.4x, sitting at the 100th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 37%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $1.0B | $821M | $621M | $346M | $479M | — | — |
| Enterprise Value | $2.5B | $2.3B | $1.7B | $1.3B | $946M | $902M | — | — |
| P/E Ratio → | 8.59 | 7.47 | 6.89 | 7.69 | — | 3.62 | — | — |
| P/S Ratio | 5.02 | 4.37 | 3.46 | 3.55 | 7.95 | 2.73 | — | — |
| P/B Ratio | 1.07 | 0.93 | 1.00 | 1.02 | 0.75 | 1.07 | — | — |
| P/FCF | — | — | — | — | 6.33 | — | — | — |
| P/OCF | — | — | — | — | 6.30 | — | — | — |
P/E links to full P/E history page with 30-year chart
TRIN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Trinity Capital Inc.'s enterprise value stands at 11.4x EBITDA, 8% above its 5-year average of 10.5x. This is roughly in line with the Financial Services sector median of 11.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.94 | 7.11 | 7.22 | 21.73 | 5.14 | — | — |
| EV / EBITDA | 11.37 | 10.67 | 14.28 | 10.42 | — | 6.81 | — | — |
| EV / EBIT | 11.37 | 10.67 | 14.28 | 9.73 | — | 6.81 | — | — |
| EV / FCF | — | — | — | — | 17.29 | — | — | — |
TRIN Profitability
Margins and return-on-capital ratios measuring operating efficiency
Trinity Capital Inc. earns an operating margin of 93.1%, significantly above the Financial Services sector average of 20.3%. Operating margins have expanded from 74.2% to 93.1% over the past 3 years, signaling improving operational efficiency. ROE of 14.1% is modest. ROIC of 7.9% represents adequate returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0% | 100.0% | 73.9% | 81.1% | 21.6% | 88.4% | 58.7% | — |
| Operating Margin | 93.1% | 93.1% | 49.8% | 74.2% | -64.3% | 75.5% | -15.1% | — |
| Net Profit Margin | 58.4% | 58.4% | 48.7% | 44.0% | -69.8% | 75.4% | -15.1% | — |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 14.1% | 14.1% | 16.1% | 14.4% | -6.7% | 38.6% | -5.1% | — |
| ROA | 6.4% | 6.4% | 7.5% | 6.3% | -2.9% | 17.7% | -2.2% | -8.4% |
| ROIC | 7.9% | 7.9% | 6.0% | 8.4% | -2.1% | 13.8% | -1.7% | — |
| ROCE | 10.2% | 10.2% | 7.9% | 10.9% | -2.8% | 17.9% | -2.2% | — |
TRIN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Trinity Capital Inc. carries a Debt/EBITDA ratio of 6.1x, which is highly leveraged (42% above the sector average of 4.3x). Net debt stands at $1.3B ($1.3B total debt minus $19M cash). Interest coverage of just 2.7x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.20 | 1.20 | 1.07 | 1.06 | 1.33 | 1.02 | 1.26 | — |
| Debt / EBITDA | 6.07 | 6.07 | 7.42 | 5.34 | — | 3.43 | — | — |
| Net Debt / Equity | — | 1.18 | 1.05 | 1.05 | 1.31 | 0.95 | 1.07 | — |
| Net Debt / EBITDA | 5.98 | 5.98 | 7.34 | 5.30 | — | 3.20 | — | — |
| Debt / FCF | — | — | — | — | 10.96 | — | — | — |
| Interest Coverage | 2.68 | 2.68 | 1.91 | 2.93 | -0.82 | 6.50 | -0.36 | — |
TRIN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Trinity Capital Inc.'s current ratio of 22.79x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.37x to 22.79x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 22.79 | 22.79 | 0.83 | 0.37 | 0.97 | 3.87 | 9.88 | — |
| Quick Ratio | 22.79 | 22.79 | 0.83 | 0.37 | 0.97 | 3.87 | 9.88 | — |
| Cash Ratio | 11.10 | 11.10 | 0.31 | 0.11 | 0.50 | 3.23 | 9.03 | — |
| Asset Turnover | — | 0.09 | 0.13 | 0.13 | 0.04 | 0.19 | 0.07 | — |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — |
TRIN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Trinity Capital Inc. returns 11.7% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 100.6%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 11.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 11.7% | — | — | — | — | — | — | — |
| Payout Ratio | 100.6% | 100.6% | 88.7% | 102.5% | — | 18.8% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.6% | 13.4% | 14.5% | 13.0% | — | 27.6% | — | — |
| FCF Yield | — | — | — | — | 15.8% | — | — | — |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — |
| Total Shareholder Yield | 11.7% | — | — | — | — | — | — | — |
| Shares Outstanding | — | $69M | $57M | $43M | $32M | $27M | $26M | $25M |
Peer Comparison
Compare TRIN with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TRINYou | $1B | 8.6 | 11.4 | — | 100.0% | 93.1% | 14.1% | 7.9% | 6.1 |
 ARCC | $13B | 9.7 | 12.8 | 11.3 | 75.7% | 69.7% | 9.4% | 5.7% | 7.3 |
 GBDC | $3B | 8.7 | 11.8 | — | 81.5% | 78.9% | 9.4% | 5.9% | 7.1 |
 OBDC | $5B | 8.8 | 11.8 | 3.1 | 75.3% | 73.2% | 9.4% | 6.1% | 7.5 |
 FSCO | $997M | 6.5 | 5.7 | 1.9 | 79.3% | 74.5% | 10.5% | 6.4% | 1.9 |
 CGBD | $761M | 10.8 | 12.8 | — | 70.9% | 86.2% | 6.8% | 5.6% | 8.7 |
 SLRC | $678M | 7.3 | 11.1 | — | 73.3% | 72.9% | 9.3% | 5.8% | 7.0 |
 HTGC | $3B | 8.4 | 14.1 | — | 87.2% | 66.7% | 16.2% | 6.6% | 6.3 |
 TPVG | $203M | 4.1 | 8.6 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 HRZN | $186M | 4.0 | — | 3.3 | 18.0% | -4.0% | -0.8% | -0.2% | — |
 PFLT | $742M | 10.4 | 35.5 | 7.8 | 45.6% | 39.4% | 6.8% | 2.1% | 26.3 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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TRIN — Frequently Asked Questions
Quick answers to the most common questions about buying TRIN stock.
What is Trinity Capital Inc.'s P/E ratio?
Trinity Capital Inc.'s current P/E ratio is 8.6x. The historical average is 6.4x. This places it at the 100th percentile of its historical range.
What is Trinity Capital Inc.'s EV/EBITDA?
Trinity Capital Inc.'s current EV/EBITDA is 11.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.5x.
What is Trinity Capital Inc.'s ROE?
Trinity Capital Inc.'s return on equity (ROE) is 14.1%. The historical average is 11.9%.
Is TRIN stock overvalued?
Based on historical data, Trinity Capital Inc. is trading at a P/E of 8.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Trinity Capital Inc.'s dividend yield?
Trinity Capital Inc.'s current dividend yield is 11.69% with a payout ratio of 100.6%.
What are Trinity Capital Inc.'s profit margins?
Trinity Capital Inc. has 100.0% gross margin and 93.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Trinity Capital Inc. have?
Trinity Capital Inc.'s Debt/EBITDA ratio is 6.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.