TORVANTA
Other · S&P 500 · data as of 2026-10-05

TRNO stock analysis: TRNO

TRNO (TRNO) is an S&P 500 company in Other.

The model's view of TRNO · subscribers

Where TRNO ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with TRNO · updated 2026-10-05 · from prices and SEC filings

TRNO price performance

TRNO against the S&P 500, one year
+0%+20%S&P 500 +18%TRNO +18%2025-09-292026-10-05
Year to date+12.5%S&P 500 +14.5% · behind by 2.0 pts
1 year+14.8%S&P 500 +17.0% · behind by 2.2 pts
3 years+23.8%S&P 500 +89.3% · behind by 65.5 pts
5 years+16.7%S&P 500 +91.3% · behind by 74.6 pts

Total returns with dividends reinvested.

TRNO factor grades

Each grade compares TRNO with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

CValueP/E 17.3x (industry 20.1x)FCF yield 4.1% (industry 6.0%)
BGrowthRevenue growth +18% (industry +8%)EPS growth +48% (industry +10%)
BProfitability
B-Momentum12-month change +15%From 52-wk high -13%

TRNO in plain numbers

TRNO key statistics

SectorOther
Industryn/a
IndexS&P 500
Market value$7.0B
Revenue growth (y/y)+18%
Free-cash-flow yield4.1%
Dividend yield3.3%
Next earnings (expected)2026-11-03
Valuation measures
Market value$7.0B
Enterprise value$7.9B
P/E (trailing)17.3x
Forward P/E (Torvanta estimate)16.0x
PEG (Torvanta estimate)2.01
Price / sales14.0x
Price / book1.6x
EV / revenue15.7x
Financial highlights
Revenue, last 12 months$502.9M
Net income, last 12 months$388.6M
EPS, last 12 months (GAAP)$3.73
Net margin77.3%
Return on equity9.3%
Cash$51.2M
Total debt$942.5M
Debt / equity0.21x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

TRNO earnings trends

Revenue vs earnings
$0$39.6M$79.1M$118.7M$158.2MSep 2024 Revenue: $99.6MDec 2024 Revenue: $103.7MMar 2025 Revenue: $110.4MJun 2025 Revenue: $112.2MSep 2025 Revenue: $116.2MDec 2025 Revenue: $137.5MMar 2026 Revenue: $124.4MJun 2026 Revenue: $124.7MSep 2024 Net income: $36.6MDec 2024 Net income: $76.1MMar 2025 Net income: $48.1MJun 2025 Net income: $93.3MSep 2025 Net income: $103.4MDec 2025 Net income: $158.2MMar 2026 Net income: $69.4MJun 2026 Net income: $57.6MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 36.8%Net margin: 73.4%Net margin: 43.6%Net margin: 83.1%Net margin: 88.9%Net margin: 115.1%Net margin: 55.8%Net margin: 46.2%0%58%115%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.4$0.8$1.2$1.5Sep 2024 EPS (GAAP, diluted): $0.4Dec 2024 EPS (GAAP, diluted): $0.8Mar 2025 EPS (GAAP, diluted): $0.5Jun 2025 EPS (GAAP, diluted): $0.9Sep 2025 EPS (GAAP, diluted): $1.0Dec 2025 EPS (GAAP, diluted): $1.5Mar 2026 EPS (GAAP, diluted): $0.7Jun 2026 EPS (GAAP, diluted): $0.5Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +170% · Dec 2025 +96% · Mar 2026 +40% · Jun 2026 -40%

From the company's 10-Q and 10-K filings with the SEC.

TRNO financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$221.9M$276.2M$323.6M$382.6M$476.4M
Net income$87.3M$198.0M$151.5M$184.5M$403.0M
EPS (GAAP)$1.23$2.61$1.81$1.92$3.90

About TRNO

HeadquartersSan Francisco, CA
Industry (SEC code)Real Estate
Fiscal year endsDecember 31
Listed onNYSE

From the company's SEC registration record.

Companies similar to TRNO

CompanyMarket valueP/ERevenue growthOperating margin12-month change
TRNO TRNO$7.0B17.3x+18%n/a+15%
NOV NOV$7.0B78.0x-1%4.5%+46%compare
GTES GTES$7.0B19.9x+3%13.3%+8%compare
ESE ESE$7.0B22.4x+17%n/a+31%compare
NPO NPO$7.0B160.8x+13%14.3%+47%
AXTA AXTA$7.0B19.1x-3%13.8%+16%
VLY VLY$7.1B10.8xn/an/a+24%

All Other stock ratings

Frequently asked questions

Is TRNO stock a buy?

Torvanta does not tell individuals what to buy. Its grades for TRNO are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is TRNO's P/E ratio?

TRNO trades at about 17.3 times its last 12 months of GAAP earnings reported to the SEC, and about 16.0 times Torvanta's own estimate of the next 12 months.

When does TRNO report earnings next?

Based on its filing history, Torvanta expects TRNO to report around 2026-11-03.

Does TRNO pay a dividend?

Yes. Its dividend yield is about 3.3%, and it has raised its dividend 12 years in a row.

How has TRNO performed against the S&P 500?

Over the past year TRNO returned +14.8%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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