Trinity Capital Inc.

NasdaqGS:TRIN 株式レポート

時価総額：US$1.5b

Trinity Capital 過去の業績

過去 基準チェック /16

Trinity Capitalは、平均年間19.1%の収益成長を遂げていますが、 Capital Markets業界の収益は、年間 成長しています。収益は、平均年間6.3% 28.9%収益成長率で 成長しています。 Trinity Capitalの自己資本利益率は11.9%であり、純利益率は46.1%です。

主要情報

19.09%

収益成長率

-11.09%

EPS成長率

Capital Markets 業界の成長10.26%
収益成長率28.90%
株主資本利益率11.86%
ネット・マージン46.09%
次回の業績アップデート05 Aug 2026

最近の業績更新

Recent updates

ナラティブの更新 • Jun 07

TRIN: Capital Raising And Leasing Acquisition Will Shape Forward Risk Reward Balance

Narrative Update Analysts have inched up their price target for Trinity Capital by $0.14 to $17.92, citing refreshed assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E, as well as recent $1 target increases from multiple firms. Analyst Commentary Recent research notes show analysts adjusting their models and lifting price targets by $1, pointing to updated assumptions around fair value and risk, as well as how Trinity Capital may execute on its growth plans.
Seeking Alpha • May 27

Trinity Capital Could Move Higher As It Expands Dividend Coverage

Summary Trinity Capital has outperformed BDC peers year-to-date, rising roughly 15% as the sector sees compressing NAV premiums and falling prices. TRIN reported a first-quarter NAV of $13.27 per share, a sequential dip of around $0.15 per share but up year-over-year, with NII of $0.53 per share beating consensus. Coverage of the dividend came in at 104% by NII and expansion from the prior quarter, as NII ramp-ups on the back of an investment portfolio grew 38.5% year-over-year. Read the full article on Seeking Alpha
ナラティブの更新 • May 24

TRIN: Joint Venture And Equity Offering Will Shape Forward Risk Reward Balance

Analysts have lifted their price target on Trinity Capital by about $0.61 to reflect updated views on fair value, discount rates, revenue growth, profit margins and future P/E assumptions, in line with recent $1 target increases reported by Street research. Analyst Commentary Bullish Takeaways Bullish analysts see the recent US$1 price target adjustments as a sign that updated models still support upside relative to prior fair value estimates.
ナラティブの更新 • May 09

TRIN: Joint Venture And Equity Offering Will Shape Future Risk Balance

Analysts have lifted their price target on Trinity Capital by $1 to $17.17, citing updated assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E in line with recent Street research. Analyst Commentary Bullish Takeaways Bullish analysts see the higher $17.17 price target as consistent with updated fair value work that factors in revised assumptions on revenue, margins, and P/E, rather than a one off call.
ナラティブの更新 • Apr 21

TRIN: Joint Venture And Earnings Outlook Will Shape Balanced Risk Profile

Analysts have raised their price target on Trinity Capital by about $0.40 to reflect updated assumptions around fair value, discount rates, revenue growth, profit margins, and future P/E, supported by recent bullish research initiations and target increases from the Street. Analyst Commentary Recent research coverage has focused on how updated assumptions around fair value and P/E multiples line up with Trinity Capital’s execution on its growth plans.
Seeking Alpha • Apr 26

Trinity Capital: A 13% Venture-Backed Dividend Yield

Summary Trinity Capital maintains a stable 13.8% dividend yield with a 3-year CAGR of 8.4%, supported by strong NAV growth and earnings spillover. TRIN's NAV per share increased sequentially, driven by net investment income and realized gains. Net investment income provided 114% dividend coverage. Trading at a 10.7% premium to NAV, there is downside risk amid recession fears, but the BDC's portfolio is well-diversified with a focus on secured loans. Read the full article on Seeking Alpha
Seeking Alpha • Apr 08

Buy Alert: Trinity Capital Now Offers A 14% Covered Yield

Summary Trinity Capital's stock price drop presents a buying opportunity, with a 14% yield supported by strong net investment income and potential for dividend growth in 2025. Key investment pillars include positive interest rate sensitivity, robust dividends, and specialized financing solutions, particularly in the equipment market. Trinity Capital's total investment income surged 48% YoY in 4Q24, with a portfolio value increase of 35%, indicating a strong margin of safety. Despite market volatility, Trinity Capital's improving dividend payout ratio and high yields make it an attractive option for passive income investors. Read the full article on Seeking Alpha
Seeking Alpha • Mar 25

Yield Hunting Part 16: Trinity Capital's Baby Bonds And 7%-Plus Yield To Call

Summary Trinity Capital's baby bonds offer yields over 2% above sector benchmarks, with stable common stock performance and investment-grade equivalent balance sheet. TRIN's bonds, TRINI and TRINZ, show attractive yields to maturity and call, outperforming comparable sector bonds in our low-duration portfolio. TRIN's credit score, based on a modified Moody's methodology, is A2, reflecting strong asset quality, leverage, and debt structure. Despite limited price appreciation due to embedded call options, TRIN baby bonds are consistently added to our portfolio for their mispriced yield opportunities. Read the full article on Seeking Alpha
Seeking Alpha • Mar 04

Trinity Capital: Q4 Earnings Reveal Improved Fundamentals

Summary Trinity Capital shows a 31.1% total return over the past year, driven by a 12.6% dividend yield and improved net investment income. Despite strong Q4 earnings and reduced non-accrual rates, TRIN trades at a high premium to NAV, making it less attractive for new investments. TRIN's portfolio strategy includes diverse secured loans, equipment financings, and equity & warrants, with a significant focus on floating rate investments benefiting from higher interest rates. I maintain a hold rating on TRIN due to its high premium valuation, despite improved earnings and dividend sustainability. The current distribution is covered by earnings at a rate of 113.7%. Read the full article on Seeking Alpha
Seeking Alpha • Jan 29

Yield Hunting Part 6: Trinity Capital Baby Bonds Still Have Some Alpha Left At 7.8%

Summary Trinity Capital Inc. (TRIN) offers stable returns through private credit markets, managing $3.8 billion in assets across five business verticals. TRIN's baby bonds, offering yields around 7.88%, are slightly mispriced, presenting a strong investment opportunity. TRIN's credit score, based on our adjusted Moody's methodology, is Baa1 equivalent, indicating strong financial health and a balanced debt structure. As an internally managed BDC, TRIN's bonds offer attractive yields that can benefit from the company's investor-friendly approach. Read the full article on Seeking Alpha
Seeking Alpha • Dec 27

Trinity Capital: An Improvement In Portfolio Quality (Ratings Upgrade)

Summary Trinity Capital offers a nearly 14% dividend yield, supported by solid fundamentals and improving portfolio risk quality, with a recent increase in top-performing investments. The dividend is well-covered by net investment income, with minimal reliance on payment-in-kind income, ensuring strong cash income coverage. Despite declining interest rates, Trinity Capital has seen strong NII growth, with management optimistic about lending pipeline demand offsetting rate declines. Read the full article on Seeking Alpha
Seeking Alpha • Nov 26

Trinity Capital: Venture Capital Set For Boom, Why I'm Buying The 14.2% Dividend Yield

Summary Trinity Capital offers a high, well-covered 14.2% dividend yield, supported by strong net investment income and record loan origination volume. TRIN's dividend safety is bolstered by undistributed taxable income of $1.12 per share. TRIN's credit risk rating slightly increased, but higher loan origination volume and potential IPO boom could offset negative interest rate sensitivity. Read the full article on Seeking Alpha
Seeking Alpha • Nov 19

Trinity Capital: 14% Yield Is A Red Flag (Rating Downgrade)

Summary Trinity Capital beat net investment income estimates for Q3, but failed to materially improve its dividend coverage profile. The BDC is focused chiefly on venture-backed technology companies and generates income from term loans. Trinity Capital maintained high debt yields in the third quarter, but the dividend is not well-supported by NII. Trinity Capital's shares trade at a 1.11X P/NAV ratio and have an unattractive risk profile for investors. Read the full article on Seeking Alpha
Seeking Alpha • Nov 06

Trinity Capital Vs. Hercules Capital: 2 BDC Venture Capital Kings, Only 1 Is A Buy

Summary In the BDC space, only four options exist for investors to deploy capital into VC-focused names. From these four, HTGC and TRIN can be considered having decent asset quality and acceptable financials. In this article, I compare HTGC and TRIN side by side to determine which one of them offer a more attractive investment case for durable income seeking investors. Read the full article on Seeking Alpha
Seeking Alpha • Oct 22

Trinity Capital: Is This 15% Yield Safe?

Summary Trinity Capital offers a high 15% dividend yield, but investors should be cautious due to recent disappointments from other BDCs. The BDC's originations in Q3'24 grew due to high demand for new capital in the technology sector. Despite a current dividend coverage ratio of 1.04X, Trinity Capital's net investment income and coverage ratio have declined over the last four quarters. Given the risks tied to variable rate loans, declining income and a valuation in-line with the historical P/B ratio, I only consider TRIN a hold here. Read the full article on Seeking Alpha
Seeking Alpha • Sep 28

Trinity Capital: Weaker Distribution Coverage (Rating Downgrade)

Summary I am downgrading Trinity Capital (TRIN) to a hold due to concerns about dividend sustainability amid anticipated declines in net investment income from interest rate cuts. TRIN's diversified portfolio and solid credit facility position it well for new investment opportunities. Lower rates can increase the volume of new deals in the market. Despite positive Q2 earnings and strong liquidity, TRIN's modest dividend coverage and lack of NAV growth raise caution about future performance. Read the full article on Seeking Alpha
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新しいナラティブ • Sep 18

Diversified Growth Strategy And Expansion Boost Future Earnings And Investment Appeal

Diversifying into five business verticals enhances Trinity Capital's revenue streams and operational resilience by tapping into various sectors.
Seeking Alpha • Sep 17

Trinity Capital: Positioned Well For A Post-High Interest Rate Environment

Summary Trinity Capital Inc. has shown strong performance with a 21% increase in net investment income year-over-year, despite a slight decline in quarterly NII. The Trinity business development company maintains a robust liquidity position and a robust investment pipeline, positioning it well for future growth. Lower interest rates may impact financials, but increased investment activity and a strong balance sheet should offset some headwinds. Given the limited upside potential and premium to NAV, I continue to assign Trinity Capital a hold rating. Read the full article on Seeking Alpha
Seeking Alpha • Aug 27

Trinity Capital: The 14.5% Yield Looks Sustainable In 2024

Summary Trinity Capital covered its $0.51 per share dividend with net investment income in 2Q24, showing strong financial health and dividend sustainability. The BDC's focus on secured loans and equipment financing, with only 70% floating-rate loans, positions it well for growth in a lower-rate environment. Trinity Capital's net asset value increased by 1.9% QoQ, and the company has a history of substantial dividend growth, making it attractive for passive income investors. Despite potential rate cuts, Trinity Capital's less aggressive floating-rate exposure supports a sustainable 14.5% yield, making it a 'Buy' as long as it out-earns its dividend. Read the full article on Seeking Alpha
Seeking Alpha • Aug 18

Trinity Capital: Still Not Seeing The Upside

Summary Trinity Capital is a VC-focused BDC with a higher risk profile than for the average BDC. For this reason, I have been relatively bearish on this BDC since December last year. While TRIN has performed almost in line with the overall BDC market and the Q2, 2024 financials indicate several areas of strength, it is still not sufficient for me to change. In this article, I assess the Q2, 2024 earnings report and provide reasons why I remain skeptical. Read the full article on Seeking Alpha
分析記事 • Aug 11

Investors Holding Back On Trinity Capital Inc. (NASDAQ:TRIN)

Trinity Capital Inc.'s ( NASDAQ:TRIN ) price-to-earnings (or "P/E") ratio of 9.6x might make it look like a buy right...
Seeking Alpha • Jul 16

Trinity Capital: A Growing BDC To Add To Your Portfolio As Sentiment Shifts (Rating Downgrade)

Summary Inflation cooled on an annualized basis, further emphasizing we could see potential rate cuts this year. The BDC sector will likely to see pullback once rates are cut, making Trinity Capital a good addition to an income portfolio. Trinity Capital showed continued growth, strong financials, and dividend safety amid potential interest rate decline. Their floating rate exposure of 75.4% is significantly lower than peers like Blackstone Secured Lending's 98.8% and Hercules Capital's 97.3%. As a result of this, I think Trinity Capital will see less of a pullback than some peers, but further upside is limited as sentiment shifts in the coming months. Read the full article on Seeking Alpha
Seeking Alpha • Jun 17

Trinity Capital: The 14% Yield Looks Sustainable In 2024

Summary Trinity Capital Inc. is increasing its dividend by $0.01 per share per quarter, making it attractive for passive income investors seeking growth. The BDC covers its dividend with net investment income, with potential for continued dividend growth due to stable interest rates. Trinity Capital's stock is selling at a premium to net asset value, indicating investor confidence in the company's ability to maintain its dividend. Read the full article on Seeking Alpha
Seeking Alpha • Jun 03

Trinity Capital: Trades At Smaller Premium Than Peers

Summary Trinity Capital is an internally-managed business development company that provides debt and equipment financing to growth stage middle market companies. TRIN has a current dividend yield of 13.7%, making it an appealing investment for income-focused investors. TRIN's strategy focuses on maintaining a majority exposure to floating rate debt investments, which has been beneficial in the current higher interest rate environment. The credit quality of debt investments have improved substantially with a higher rate of debt investments reaching the highest quality level rating. The price trades at a premium to NAV but this is typical for high performing, internally managed BDCs. TRIN trades at a much lower premium than internally managed peers. Read the full article on Seeking Alpha
Seeking Alpha • May 04

Trinity Capital: I'm Buying This 13.8% Dividend Yield From American Venture Debt (Rating Upgrade)

Summary Trinity Capital last hiked its base quarterly dividend by 2% and now offers a 13.8% dividend yield. TRIN has increased its base dividend for 13 consecutive quarters and is covering the current payout by 106%. TRIN's debt-to-equity ratio is within a prudent range, and the BDC's underwriting quality remains healthy. Read the full article on Seeking Alpha
Seeking Alpha • Apr 28

Trinity Capital: Record Quarter, But Still Not Good Enough

Summary Trinity Capital Inc. offers high dividend yield of 13.7% due to its high-risk investment strategy. TRIN's Q4 2023 earnings report showed strong results, but portfolio quality deteriorated with a migration to riskier loans. Despite positive core performance metrics, TRIN has consistently underperformed the market and remains a speculative investment. In this article, I elaborate on why I continue to view TRIN as a subpar and overly speculative investment after the recent earnings report. Read the full article on Seeking Alpha
Seeking Alpha • Apr 19

Trinity Capital: This 14.3% Yield Looks To Be A Great Long-Term Buy For Income Investors

Summary Trinity Capital is a fairly new BDC with an attractive yield and solid fundamentals to go along with it. The company has shown strong growth, beating analyst estimates and delivering record net investment income in their latest quarter. Trinity Capital is defensively positioned with a focus on first-lien, senior secured loans and an investment-grade balance sheet and well-laddered debt. Although they trade at a slight premium above their NAV, I think this BDC is poised for further growth and still a buy at current levels. With interest rates likely to remain higher for longer, this will continue to place downward pressure on the BDC despite their solid performance. Read the full article on Seeking Alpha
Seeking Alpha • Mar 25

Trinity Capital And Blackstone Secured Lending: Delivering Yield To Investors

Summary Trinity Capital and Blackstone Secured Lending Fund offer high dividend yields to investors while also showing strong dividend coverage. Trinity Capital focuses on venture investments and has shown strong portfolio performance after some stumbles. Blackstone Secured Lending Fund is a more traditional BDC with very low non-accruals. Read the full article on Seeking Alpha
Seeking Alpha • Mar 18

Trinity Capital: This 13% Yield Is Safer Than It Looks

Summary Trinity Capital Inc. experienced substantial portfolio growth in 2023 despite net realized losses. The BDC is well-positioned to profit from the latest inflation update, indicating that inflation is not receding. Trinity Capital has the potential to continue raising its dividend in 2023 and return excess portfolio income to shareholders. Read the full article on Seeking Alpha
Seeking Alpha • Mar 07

Trinity Capital: Premium To Nav Has Come Down (Rating Upgrade)

Summary I am upgrading my rating to a Buy on Trinity Capital stock due to their net investment income growth and the price trading at a lower premium to NAV. Trinity Capital reported growth in loan originations and net investment income which will help support the current dividend yield of 13.9%. Trinity Capital's risk profile is well-suited to ride out rate cuts or market cycles due to their portfolio of floating rate loans. The average credit ratings of their debt investments does leave some room for improvement desired and could be a vulnerability during a recession. Read the full article on Seeking Alpha
Seeking Alpha • Feb 24

Trinity Capital: What To Look Out For In This 14% Yielders Earnings

Summary Trinity Capital is a BDC offering a high dividend yield of around 14% and is set to report its Q4 earnings on 29 February. The BDC sector is expected to face challenges in 2024 due to declining interest rates and credit quality concerns. Trinity Capital's portfolio has shown signs of deterioration in asset quality, but its management is expected to handle non-accruals effectively. Read the full article on Seeking Alpha

収支内訳

Trinity Capital の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。

収益と収入の歴史

NasdaqGS:TRIN 収益、費用、利益 ( )USD Millions
日付収益収益G+A経費研究開発費
31 Mar 26300138760
31 Dec 25280136690
30 Sep 25268142660
30 Jun 25255139630
31 Mar 25240128600
31 Dec 24227116580
30 Sep 2420587530
30 Jun 2419180490
31 Mar 2418469470
31 Dec 2317577450
30 Sep 2317158430
30 Jun 2316329410
31 Mar 231511390
31 Dec 22139-30370
30 Sep 2212026350
30 Jun 2210366300
31 Mar 228998260
31 Dec 2177132230
30 Sep 217087220
30 Jun 216172200
31 Mar 215754180
31 Dec 2051-6150

質の高い収益: TRIN 非現金収入 のレベルが高いです。

利益率の向上: TRINの現在の純利益率 (46.1%)は、昨年(53.4%)よりも低くなっています。

フリー・キャッシュフローと収益の比較

過去の収益成長分析

収益動向: TRINの収益は過去 5 年間で年間19.1%増加しました。

成長の加速: TRINの過去 1 年間の収益成長率 ( 7.9% ) は、5 年間の平均 ( 年間19.1%を下回っています。

収益対業界: TRINの過去 1 年間の収益成長率 ( 7.9% ) Capital Markets業界38.3%を上回りませんでした。

株主資本利益率

高いROE: TRINの 自己資本利益率 ( 11.9% ) は 低い とみなされます。

総資産利益率

使用総資本利益率

過去の好業績企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/06/14 11:30
終値2026/06/12 00:00
収益2026/03/31
年間収益2025/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Trinity Capital Inc. 9 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。12

アナリスト機関
Mitchel PennBrean Capital Historical (Janney Montgomery)
Sean-Paul AdamsB. Riley Securities, Inc.
Brian MckennaCitizens JMP Securities, LLC