Trinity Capital Inc. Common Stock (TRIN)

FairStock Score: 60/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn good returns on capital and trade at a discount to intrinsic value. Trinity Capital is a business development company that lends to and invests in growth-stage companies. Its latest filed quarter, fiscal Q2 2026 ended 2026-06-30, showed net income of $44.4 million and diluted EPS of $0.49, up from $41.4 million net income in fiscal Q2 2025 but down from $0.63 EPS. For FY2025, net income was $135.6 million, up from $115.6 million in FY2024, yet diluted EPS slipped to $1.96 from $2.10. That tension matters: the asset base is growing, but shareholders are not keeping all the per-share benefit. The balance sheet uses debt: D/E 1.19, and FairStock's Altman Z-Score is 0.64, while Piotroski F-Score is 3/9. For a lender, credit quality and funding costs are the real moat tests, and the data do not give me enough to judge defaults. The dividend yield is 11.57%, but trailing free cash flow is -$593.9 million, or -37.1% FCF yield, so the payout is not covered by free cash flow on this snapshot. Valuation looks reasonable: at the 2026-10-13 close of $16.91, FairStock shows P/E 9.72, P/B 1.27, PEG 0.96, and a Graham Number of $22.96, about 26.35% margin of safety. ROE is 12.90%, but ROCE is only 6.11%. FairStock Score is 60/100. I see a moderately priced, income-heavy lender with growth in net income but dilution, weak financial-health scores, and negative free cash flow. Not a classic Buffett bargain; more a specialized credit puzzle.

In plain English: Trinity Capital is a finance company that lends to and invests in growing businesses, often through loans and equipment deals. It made $44.4 million in net income in the latest reported quarter, but its per-share profit has slipped even as overall profit grew, and cash flow was negative. At $16.91, the stock looks somewhat cheaper than the value suggested by its assets and earnings, but it carries debt and the latest financial checks are mixed.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer