Trinity Capital Inc.

NasdaqGS:TRIN 주식 리포트

시가총액: US$1.5b

Trinity Capital 과거 순이익 실적

과거 기준 점검 1/6

Trinity Capital은 연평균 19.1%의 비율로 수입이 증가해 온 반면, Capital Markets 산업은 수입이 6.1% 증가했습니다. 매출은 연평균 28.9%의 비율로 증가했습니다. Trinity Capital의 자기자본이익률은 11.9%이고 순이익률은 46.1%입니다.

핵심 정보

19.09%

순이익 성장률

-11.09%

주당순이익(EPS) 성장률

Capital Markets 산업 성장률10.26%
매출 성장률28.90%
자기자본이익률11.86%
순이익률46.09%
다음 순이익 업데이트05 Aug 2026

최근 과거 실적 업데이트

Recent updates

Seeking Alpha • May 15

Trinity Capital: A Safe Heaven BDC With A 12% Yield

Summary Trinity Capital (TRIN) delivered solid Q1’26 results, with robust portfolio growth despite sector headwinds. TRIN’s portfolio value surged 39% year-over-year, driving 38% Y/Y growth in total investment income and maintaining healthy dividend coverage at 103.9%. Despite a slight rise in non-accruals to 1.1%, TRIN’s credit profile remains solid, and the $0.51 per-share quarterly dividend is fully supported by net investment income. TRIN trades at a 29% premium to NAV, reflecting its tech focus and growth, but faces risks from SaaS-related sentiment headwinds and compressing debt yields in a falling-rate world. Read the full article on Seeking Alpha
내러티브 업데이트 • 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.
내러티브 업데이트 • 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
User avatar
새로운 내러티브 • 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
분석 기사 • 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
Seeking Alpha • Feb 03

Trinity Capital: A 14% Yield That's Worth The Price Of Admission

Summary Trinity Capital offers a high dividend yield and trades at a significant discount compared to its internally managed peers. The company has a diversified investment portfolio and a multi-pronged approach to generating returns, with rising return on equity. TRIN's strong balance sheet and steady NAV performance make it an attractive investment at its current price. Read the full article on Seeking Alpha
Seeking Alpha • Jan 11

Trinity Capital's Outperformance Is Likely To Continue In 2024 Against TriplePoint And S&P 500 (Rating Downgrade)

Summary Trinity Capital is well-positioned to offer healthy returns to shareholders in 2024 due to its diversified portfolio and high asset quality. TriplePoint's high accruals and declining portfolio value may hinder its performance. The private credit market is expected to rebound significantly in 2024, benefiting BDCs like Trinity Capital. Read the full article on Seeking Alpha

매출 및 비용 세부 내역

Trinity Capital가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.

순이익 및 매출 추이

NasdaqGS:TRIN 매출, 비용 및 순이익 (USD Millions)
날짜매출순이익일반관리비연구개발비
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

양질의 수익: TRIN의 비현금 수익 수준이 높습니다.

이익 마진 증가: TRIN의 현재 순 이익률 (46.1%)은 지난해 (53.4%)보다 낮습니다.

잉여현금흐름 대비 순이익 분석

과거 순이익 성장 분석

수익추이: TRIN의 수익은 지난 5년 동안 연평균 19.1% 증가했습니다.

성장 가속화: 지난 1년간 TRIN 의 수익 증가율(7.9%)은 5년 평균(연간 19.1%)보다 낮습니다.

수익 대 산업: TRIN의 지난 1년 수익 증가율(7.9%)은 Capital Markets 업계 평균(37.2%)을 능가하지 못했습니다.

자기자본이익률

높은 ROE: TRIN의 자본 수익률(11.9%)은 낮음으로 평가됩니다.

총자산이익률

투하자본수익률

우수한 과거 실적 기업을 찾아보세요

7D

1Y

7D

1Y

7D

1Y

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/05/21 12:44
종가2026/05/21 00:00
수익2026/03/31
연간 수익2025/12/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
  • 재무 예측
  • 분석가 목표주가
시장 가격30년
  • 주가
  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
  • 이사회
주요 개발10년
  • 회사 공시

* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.

별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.

분석 모델 및 스노우플레이크

이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.

Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.

산업 및 섹터 지표

산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.

분석가 소스

Trinity Capital Inc.는 11명의 분석가가 다루고 있습니다. 이 중 9명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Mitchel PennBrean Capital Historical (Janney Montgomery)
Sean-Paul AdamsB. Riley Securities, Inc.
Brian MckennaCitizens JMP Securities, LLC