15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 3.0% per year over the past 5 years.
Financial health
The company holds more cash ($11M) than total debt ($684000).
Total debt has grown faster than revenue (9.4% vs 3.0% per year).
Operating income covered interest expense 5.6× in the latest year.
Total debt is 0.2× EBITDA.
The company is unprofitable; at its current free-cash-flow burn it has roughly 18.3 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$36M
-$41000
25.1%
0.7%
-$596000
$684000
$11M
2024
$42M
$1M
25.4%
2.6%
$2M
$874000
$10M
2023
$43M
$2M
27.1%
5.2%
$4M
$1M
$8M
2022
$44M
$2M
26.6%
5.3%
$655000
$1M
$8M
2021
$32M
-$591000
23.6%
-0.2%
$526000
$2M
$6M
2020
—
$878000
—
—
$2M
$437000
$6M
2019
—
$2M
—
—
$2M
—
$7M
2018
—
$1M
—
—
$2M
—
$8M
2017
—
$1M
—
—
$2M
—
$5M
2016
—
$779000
—
—
-$643000
—
$4M
2015
—
$521000
—
—
$1M
—
$4M
2014
—
$57000
—
—
$770000
—
$3M
2013
—
-$1M
—
—
$2M
—
$3M
2012
—
-$3M
—
—
-$5M
—
$2M
2011
—
-$688000
—
—
$9M
—
$3M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$17M
-$38000
15.5%
-0.5%
$707000
$515000
$13M
Dec '25
$16M
$126000
16.0%
0.6%
-$152000
$581000
$12M
Sep '25
$16M
$77000
16.7%
0.3%
$887000
$622000
$12M
Jun '25
$11M
$183000
24.6%
4.4%
-$1M
$684000
$11M
Mar '25
$7M
-$495000
26.8%
-4.6%
$625000
$729000
$11M
Dec '24
$9M
$507000
25.7%
-0.0%
$2M
$782000
$10M
Sep '24
$10M
-$236000
23.7%
1.4%
-$2M
$923000
$9M
Jun '24
$10M
$243000
27.5%
3.7%
-$135000
$874000
$10M
Mar '24
$10M
$70000
26.0%
0.6%
$1M
$984000
$11M
Dec '23
$12M
$507000
23.4%
5.5%
$1M
$1M
$11M
Sep '23
$10M
$230000
25.3%
-0.0%
-$53000
$1M
$8M
Jun '23
$9M
$162000
25.2%
1.4%
$1M
$1M
$8M
Mar '23
$10M
-$7000
25.0%
-0.4%
$3M
$2M
$8M
Dec '22
$12M
$507000
26.9%
8.6%
—
$2M
$6M
Sep '22
$12M
$882000
30.3%
8.9%
$405000
$2M
$9M
Jun '22
$12M
$790000
27.0%
7.2%
$1M
$1M
$8M
Mar '22
$11M
-$167000
22.2%
-1.2%
-$607000
$2M
$7M
Dec '21
$11M
$855000
26.5%
6.0%
$1M
$2M
$8M
Sep '21
$10M
$917000
31.3%
9.5%
-$1M
$2M
$5M
Jun '21
$9M
-$996000
23.9%
4.0%
$247000
$2M
$6M
Valuation over time
How the market has priced TRT against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 9.6× (Mar '23) to 25.5× (May '25).
The price-to-sales ratio has risen from 0.5× (Mar '23) to 3.3× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is TRT growing its revenue and profit?
Over the past 5 years, TRIO-TECH INTERNATIONAL's revenue has grown 3.0% per year. These are computed facts, not advice.
How much debt does TRT have?
As of FY2025, TRIO-TECH INTERNATIONAL reported $684000 of total debt against $11M of cash; operating income covered interest expense 5.6×.
What is TRT's profit margin?
In FY2025, gross margin was 25.1%, operating margin 0.7%, and net margin -0.1%.
What is TRT's P/E ratio?
As of Jun '26, TRIO-TECH INTERNATIONAL traded at a price-to-earnings ratio of about 25.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.