Latest Ratios: P/E Ratio 85.3x · EV/EBITDA 42.5x · ROE 2.8%. (2012–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.9B | $1.5B | $2.2B | $1.9B | $1.2B | $3.0B | $1.2B | $991M | $757M | $630M | $472M |
| Enterprise Value | $2.0B | $1.6B | $2.0B | $2.0B | $994M | $3.0B | $1.3B | $1.4B | $944M | $960M | $680M |
| P/E Ratio → | 85.28 | 67.34 | 168.30 | 49.80 | 12.34 | 27.37 | 19.19 | 16.90 | 14.63 | 17.40 | 23.77 |
| P/S Ratio | 3.66 | 2.89 | 4.43 | 3.94 | 2.43 | 6.80 | 3.21 | 2.89 | 2.66 | 3.20 | 3.25 |
| P/B Ratio | 2.01 | 1.59 | 2.43 | 2.15 | 1.38 | 3.50 | 1.64 | 1.56 | 1.19 | 1.61 | 1.63 |
| P/FCF | 37.30 | 29.51 | — | 114.59 | 19.24 | 24.53 | 14.99 | 19.38 | 13.75 | 16.02 | 17.71 |
| P/OCF | 28.15 | 22.27 | 36.90 | 30.98 | 15.14 | 21.96 | 12.28 | 13.68 | 10.25 | 13.33 | 15.24 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.17 | 4.05 | 4.20 | 1.98 | 6.74 | 3.51 | 3.94 | 3.31 | 4.87 | 4.67 |
| EV / EBITDA | 42.46 | 34.22 | 36.66 | 23.99 | 5.98 | 17.76 | 12.61 | 14.58 | 11.92 | 13.65 | 16.94 |
| EV / EBIT | 61.61 | 49.65 | 96.39 | 37.48 | 7.26 | 20.56 | 15.44 | 17.92 | 14.20 | 15.71 | 20.28 |
| EV / FCF | — | 32.36 | — | 121.90 | 15.64 | 24.31 | 16.40 | 26.45 | 17.15 | 24.41 | 25.49 |
Margins and return-on-capital ratios measuring operating efficiency
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 83.9% | 83.9% | 81.4% | 86.1% | 95.0% | 97.8% | 79.7% | 81.6% | 81.7% | 83.2% | 87.1% |
| Operating Margin | 6.4% | 6.4% | 4.2% | 11.2% | 27.2% | 32.8% | 22.7% | 22.0% | 23.3% | 31.0% | 23.0% |
| Net Profit Margin | 4.9% | 4.9% | 3.3% | 8.7% | 20.3% | 25.6% | 17.2% | 17.1% | 18.2% | 18.4% | 14.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.8% | 2.8% | 1.8% | 4.7% | 11.7% | 14.2% | 9.4% | 9.2% | 10.1% | 10.6% | 7.4% |
| ROA | 0.4% | 0.4% | 0.3% | 0.8% | 1.8% | 1.9% | 1.2% | 1.2% | 1.3% | 1.2% | 1.0% |
| ROIC | 2.1% | 2.1% | 1.3% | 3.4% | 9.0% | 9.2% | 5.4% | 5.0% | 5.2% | 6.2% | 4.8% |
| ROCE | 2.6% | 2.6% | 1.6% | 4.2% | 11.1% | 11.5% | 6.8% | 6.4% | 6.7% | 8.3% | 6.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.42 | 0.42 | 0.16 | 0.47 | 0.20 | 0.42 | 0.59 | 0.88 | 0.66 | 1.18 | 1.11 |
| Debt / EBITDA | 8.21 | 8.21 | 2.64 | 4.91 | 1.08 | 2.13 | 4.12 | 6.03 | 5.33 | 6.60 | 8.03 |
| Net Debt / Equity | — | 0.15 | -0.21 | 0.14 | -0.26 | -0.03 | 0.16 | 0.57 | 0.29 | 0.84 | 0.72 |
| Net Debt / EBITDA | 3.02 | 3.02 | -3.50 | 1.44 | -1.38 | -0.16 | 1.09 | 3.89 | 2.37 | 4.69 | 5.17 |
| Debt / FCF | — | 2.85 | — | 7.31 | -3.60 | -0.22 | 1.42 | 7.06 | 3.41 | 8.39 | 7.78 |
| Interest Coverage | 0.41 | 0.41 | 0.28 | 0.97 | 7.31 | 7.87 | 2.27 | 1.37 | 1.85 | 2.84 | 2.76 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.12 | 0.12 | 0.09 | 0.15 | 0.16 | 0.12 | 0.11 | 0.12 | 0.17 | 0.15 | 0.19 |
| Quick Ratio | 0.12 | 0.12 | 0.09 | 0.15 | 0.16 | 0.12 | 0.11 | 0.12 | 0.17 | 0.15 | 0.19 |
| Cash Ratio | 0.05 | 0.05 | 0.07 | 0.07 | 0.10 | 0.08 | 0.07 | 0.05 | 0.07 | 0.05 | 0.06 |
| Asset Turnover | — | 0.08 | 0.08 | 0.09 | 0.09 | 0.07 | 0.06 | 0.07 | 0.06 | 0.06 | 0.06 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.2% | 0.2% | 0.1% | 0.2% | 0.3% | 0.1% | 0.1% | — | 0.1% | 0.1% | 0.2% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.2% | 1.5% | 0.6% | 2.0% | 8.1% | 3.7% | 5.2% | 5.9% | 6.8% | 5.7% | 4.2% |
| FCF Yield | 2.7% | 3.4% | — | 0.9% | 5.2% | 4.1% | 6.7% | 5.2% | 7.3% | 6.2% | 5.6% |
| Buyback Yield | 0.1% | 0.1% | 0.2% | 4.4% | 6.3% | 0.0% | 3.0% | 6.5% | 0.1% | 0.1% | 2.4% |
| Total Shareholder Yield | 0.3% | 0.4% | 0.3% | 4.6% | 6.5% | 0.1% | 3.1% | 6.5% | 0.1% | 0.2% | 2.6% |
| Shares Outstanding | — | $24M | $24M | $23M | $25M | $25M | $25M | $26M | $25M | $20M | $18M |
Freight market cyclicality
With a P/B ratio of 1.95 and a trailing P/E of 82.59, Triumph Financial is priced by the market as a high-growth technology platform rather than a traditional regional bank, despite the significant earnings volatility reported in recent SEC filings.
The valuation suggests investors are assigning a substantial premium to the TriumphPay network, effectively looking past the current depressed return on tangible equity. This pricing implies an expectation that the company will eventually achieve SaaS-like margins, though current financial performance remains heavily tethered to the cyclical and capital-intensive nature of its factoring business.
According to quarterly financial data, TFIN's ROE has struggled to exceed 2.1% over the last ten quarters, reflecting a strained profitability profile where high non-interest expenses consistently offset the revenue generated from its specialized factoring and payment processing activities.
The decomposition of profitability indicates that the firm's reliance on high-cost technology investment is currently suppressing operating leverage. Until the TriumphPay platform achieves sufficient scale to drive non-interest income growth, the bank's overall return on equity will likely remain constrained by its elevated efficiency ratio.
Based on reported figures, the net interest margin has compressed from 1.7% in 2023Q4 to 1.3% in 2026Q1, while the efficiency ratio has frequently exceeded 75%, signaling that the bank is facing significant headwinds in maintaining core spread profitability.
The persistent pressure on NIM suggests that funding costs are rising faster than asset yields, a trend exacerbated by the bank's need to maintain liquidity for its payment operations. The high efficiency ratio further confirms that the firm's current cost structure is heavily weighted toward the maintenance and development of its proprietary technology stack.
As indicated in recent financial statements, the equity-to-assets ratio has remained remarkably stable between 0.14 and 0.16, providing a consistent capital buffer despite the significant quarterly earnings fluctuations observed over the past two and a half years.
Management appears to be prioritizing the maintenance of a steady capital base to satisfy regulatory requirements while navigating the inherent volatility of the freight sector. This conservative capital positioning suggests that the bank is well-prepared to absorb potential credit shocks, though it limits the immediate capacity for aggressive capital returns to shareholders.
Investors frequently misapply the P/E ratio to TFIN, which obscures the underlying earnings power of the bank by failing to account for the massive, non-recurring provisions for credit losses that have periodically decimated net income in recent fiscal periods.
Because the P/E ratio is highly sensitive to these volatile credit provisions, it provides a distorted view of the company's true operational health. Analysts should instead focus on pre-provision net revenue (PPNR) or adjusted net yield on factoring assets to better understand the core profitability of the business model.
Includes 30+ ratios · 14 years · Updated daily
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Quick answers to the most common questions about buying TFIN stock.
Triumph Financial, Inc.'s current P/E ratio is 85.3x. The historical average is 36.4x. This places it at the 92th percentile of its historical range.
Triumph Financial, Inc.'s current EV/EBITDA is 42.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.5x.
Triumph Financial, Inc.'s return on equity (ROE) is 2.8%. The historical average is 9.2%.
Based on historical data, Triumph Financial, Inc. is trading at a P/E of 85.3x. This is at the 92th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Triumph Financial, Inc.'s current dividend yield is 0.17%.
Triumph Financial, Inc. has 83.9% gross margin and 6.4% operating margin.
Triumph Financial, Inc.'s Debt/EBITDA ratio is 8.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.