(TRIN) Trinity Capital - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US8964423086

Term Loans, Equipment Financing, Tech Lending, Life Sciences, Private Credit

Stock: Asset Management & Custody Banks
Age 5y
MCap 1,219m
Avg Vol 1.32M (19.7M USD)
Beta 0.581
Volatility 23.66%

EPS (Earnings per Share)

EPS (Earnings per Share) of TRIN over the last years for every Quarter: "2020-12": 0.29, "2021-03": 0.31, "2021-06": 0.38, "2021-09": 0.4, "2021-12": 0.38, "2022-03": 0.57, "2022-06": 0.51, "2022-09": 0.56, "2022-12": 0.57, "2023-03": 0.52, "2023-06": 0.61, "2023-09": 0.55, "2023-12": 0.54, "2024-03": 0.52, "2024-06": 0.51, "2024-09": 0.52, "2024-12": 0.56, "2025-03": 0.52, "2025-06": 0.53, "2025-09": 0.52,
EPS CAGR: 8.72%
EPS Trend: 18.9%
Last SUE: -0.04
Qual. Beats: 0

Revenue

Revenue of TRIN over the last years for every Quarter: 2020-12: 14.966, 2021-03: 35.391, 2021-06: 34.101, 2021-09: 37.848, 2021-12: 68.14, 2022-03: 7.171, 2022-06: 10.021, 2022-09: 8.059, 2022-12: 18.288, 2023-03: 44.693, 2023-06: 43.83, 2023-09: 39.853, 2023-12: 40.471, 2024-03: 39.804, 2024-06: 58.726, 2024-09: 56.806, 2024-12: 63.054, 2025-03: 60.089, 2025-06: 76.093, 2025-09: 66.229,
Rev. CAGR: -0.76%
Rev. Trend: 67.2%
Last SUE: -1.11
Qual. Beats: 0

Dividends

Dividend Yield 14.80%
Yield on Cost 5y 33.69%
Yield CAGR 5y 12.80%
Payout Consistency 95.5%
Payout Ratio 63.9%
Risk via 5d forecast
Volatility 23.7%
Value at Risk 5%th 37.3%
Relative Tail Risk -4.09%
Reward TTM
Sharpe Ratio 1.14
Alpha 20.50
CAGR/Max DD 1.35
Character TTM
Hurst Exponent 0.419
Beta 0.581
Beta Downside 0.680
Drawdowns 3y
Max DD 18.72%
Mean DD 4.36%
Median DD 3.55%

Description: TRIN Trinity Capital January 20, 2026

Trinity Capital Inc. (NASDAQ: TRIN) is a business-development company (BDC) that originates and invests in term loans, equipment financing, and private-equity-related credit across technology, life-sciences, warehousing, and sponsor-finance segments. Founded in 2019 and headquartered in Phoenix, Arizona (with a satellite office in San Diego), the firm aims to deliver “stable and consistent” returns by tapping the private-credit market, which is largely insulated from public-market volatility.

Key operating metrics (as of the most recent 10-K) show a portfolio of roughly $1.2 billion in assets under management, a weighted-average loan-to-value (LTV) of about 65 %, and an average portfolio yield of 10.3 % annualized. The BDC’s net asset value (NAV) per share has trended upward 12 % year-over-year, reflecting disciplined underwriting and a low default rate (< 2 %).

Sector-level drivers that influence Trinity’s performance include the ongoing “equipment-as-a-service” shift in manufacturing, which fuels demand for flexible leasing structures, and the sustained venture-capital pipeline in life-sciences that creates a pipeline of high-growth, credit-worthy borrowers. Macro-wise, the firm benefits from a steepening credit spread environment when the Fed’s policy rate is high, as investors seek higher-yielding private-credit assets.

For a deeper, data-driven look at TRIN’s valuation and risk profile, you might explore the ValueRay analytics platform’s dedicated TRIN dashboard.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income: 142.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.04 > 0.02 and ΔFCF/TA 31.06 > 1.0
NWC/Revenue: -0.95% < 20% (prev -2.00%; Δ 1.05% < -1%)
CFO/TA 0.04 > 3% & CFO 86.5m > Net Income 142.0m
Net Debt (-9.47m) to EBITDA (162.9m): -0.06 < 3
Current Ratio: 0.92 > 1.5 & < 3
Outstanding Shares: last quarter (71.5m) vs 12m ago 22.43% < -2%
Gross Margin: 78.65% > 18% (prev 0.73%; Δ 7792 % > 0.5%)
Asset Turnover: 13.33% > 50% (prev 11.29%; Δ 2.05% > 0%)
Interest Coverage Ratio: 0.86 > 6 (EBITDA TTM 162.9m / Interest Expense TTM 75.7m)

Altman Z'' 0.17

A: -0.00 (Total Current Assets 28.9m - Total Current Liabilities 31.5m) / Total Assets 2.25b
B: -0.01 (Retained Earnings -16.9m / Total Assets 2.25b)
C: 0.03 (EBIT TTM 64.9m / Avg Total Assets 1.99b)
D: -0.01 (Book Value of Equity -16.8m / Total Liabilities 1.25b)
Altman-Z'' Score: 0.17 = B

Beneish M -2.94

DSRI: 0.85 (Receivables 19.5m/16.9m, Revenue 265.5m/195.8m)
GMI: 0.93 (GM 78.65% / 72.76%)
AQI: 1.00 (AQ_t 0.98 / AQ_t-1 0.98)
SGI: 1.36 (Revenue 265.5m / 195.8m)
TATA: 0.02 (NI 142.0m - CFO 86.5m) / TA 2.25b)
Beneish M-Score: -2.94 = A

ValueRay F-Score (Strict, 0-100) 67.57

1. Piotroski: 4.0pt
2. FCF Yield: 4.12%
3. FCF Margin: 32.38%
4. Debt/Equity: 0.88
5. Debt/Ebitda: -0.06
6. ROIC - WACC: -2.34%
7. RoE: 15.87%
8. Revenue Trend: 67.19%
9. EPS Trend: 18.94%

What is the price of TRIN shares?

As of January 23, 2026, the stock is trading at USD 16.72 with a total of 978,748 shares traded.
Over the past week, the price has changed by +2.83%, over one month by +15.46%, over three months by +18.59% and over the past year by +31.19%.

Is TRIN a buy, sell or hold?

Trinity Capital has received a consensus analysts rating of 4.25. Therefore, it is recommended to buy TRIN.
  • Strong Buy: 6
  • Buy: 0
  • Hold: 1
  • Sell: 0
  • Strong Sell: 1

What are the forecasts/targets for the TRIN price?

Issuer Target Up/Down from current
Wallstreet Target Price 16.6 -1%
Analysts Target Price 16.6 -1%
ValueRay Target Price 23.3 39.4%

TRIN Fundamental Data Overview January 22, 2026

P/E Trailing = 7.2851
P/E Forward = 7.7399
P/S = 4.5421
P/B = 1.221
P/EG = 5.256
Revenue TTM = 265.5m USD
EBIT TTM = 64.9m USD
EBITDA TTM = 162.9m USD
Long Term Debt = unknown (none)
Short Term Debt = 1.31m USD (from shortTermDebt, last fiscal year)
Debt = 877.7m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -9.47m USD (from netDebt column, last quarter)
Enterprise Value = 2.09b USD (1.22b + Debt 877.7m - CCE 9.47m)
Interest Coverage Ratio = 0.86 (Ebit TTM 64.9m / Interest Expense TTM 75.7m)
EV/FCF = 24.27x (Enterprise Value 2.09b / FCF TTM 86.0m)
FCF Yield = 4.12% (FCF TTM 86.0m / Enterprise Value 2.09b)
FCF Margin = 32.38% (FCF TTM 86.0m / Revenue TTM 265.5m)
Net Margin = 53.49% (Net Income TTM 142.0m / Revenue TTM 265.5m)
Gross Margin = 78.65% ((Revenue TTM 265.5m - Cost of Revenue TTM 56.7m) / Revenue TTM)
Gross Margin QoQ = 68.32% (prev 76.29%)
Tobins Q-Ratio = 0.93 (Enterprise Value 2.09b / Total Assets 2.25b)
Interest Expense / Debt = 2.39% (Interest Expense 21.0m / Debt 877.7m)
Taxrate = 2.28% (644.0k / 28.3m)
NOPAT = 63.4m (EBIT 64.9m * (1 - 2.28%))
Current Ratio = 0.92 (Total Current Assets 28.9m / Total Current Liabilities 31.5m)
Debt / Equity = 0.88 (Debt 877.7m / totalStockholderEquity, last quarter 998.3m)
Debt / EBITDA = -0.06 (Net Debt -9.47m / EBITDA 162.9m)
Debt / FCF = -0.11 (Net Debt -9.47m / FCF TTM 86.0m)
Total Stockholder Equity = 894.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.13% (Net Income 142.0m / Total Assets 2.25b)
RoE = 15.87% (Net Income TTM 142.0m / Total Stockholder Equity 894.6m)
RoCE = 2.93% (EBIT 64.9m / Capital Employed (Total Assets 2.25b - Current Liab 31.5m))
RoIC = 3.32% (NOPAT 63.4m / Invested Capital 1.91b)
WACC = 5.66% (E(1.22b)/V(2.10b) * Re(8.05%) + D(877.7m)/V(2.10b) * Rd(2.39%) * (1-Tc(0.02)))
Discount Rate = 8.05% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 21.89%
[DCF Debug] Terminal Value 86.35% ; FCFF base≈86.0m ; Y1≈86.1m ; Y5≈91.3m
Fair Price DCF = 36.10 (EV 2.72b - Net Debt -9.47m = Equity 2.73b / Shares 75.7m; r=5.90% [WACC]; 5y FCF grow -0.45% → 2.90% )
EPS Correlation: 18.94 | EPS CAGR: 8.72% | SUE: -0.04 | # QB: 0
Revenue Correlation: 67.19 | Revenue CAGR: -0.76% | SUE: -1.11 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.52 | Chg30d=-0.001 | Revisions Net=+1 | Analysts=10
EPS next Year (2026-12-31): EPS=2.09 | Chg30d=+0.003 | Revisions Net=+1 | Growth EPS=+0.3% | Growth Revenue=+17.4%

Additional Sources for TRIN Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle