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TPI - TRIUNFO PARTICIPACOES E INVESTIMENTOS S.A.

TPIS3 — TPI - TRIUNFO PARTICIPACOES E INVESTIMENTOS S.A.

CNPJ 03.014.553/0001-91 · listed classes: TPIS3 · CVM code 19330

A Triunfo atua nos segmentos de concessões rodoviárias, aeroportuária, geração de energia eadministração portuária.As filed by the company in its registration form (FCA), reference 2026-01-01 · CVM sector: Emp. Adm. Part. - Serviços Transporte e Logística

Novo Mercadolisting segment
1999founded
São Paulo · SPheadquarters
Privado Holdingcontrol
Itaú Corretora de Valores S.A.share registrar
Grant Thornton Auditores Independentes Ltda.auditor
triunfo.cominvestor site
R$ 0.3 mavg. daily traded value (63 sessions)

Verdict

Net margin -38.2%; ROIC -15.4%; negative EBITDA; P/E does not apply (negative profit); 2025 data, with a relevant recent restatement.

Confidence flag: Incomplete or flagged snapshot

Data for fiscal year 2025, received by the CVM on 2026-03-06; 3 of the 5 core figures published; last restatement recorded in 2024.

Does the company make money?

Is it sound or indebted?

Is the share expensive or cheap relative to the sector and its own history?

Descriptive: number, numeric band and comparison with the sector, the company's own history and the whole universe. Not investment advice. JSON · how the verdict works

Follow TPIS3: get an e-mail when profit turns into loss, debt or margin change band, or the statements are restated. That is all, and you can cancel in one click. See every event already recorded for TPIS3.

Quote

R$ 10.77close of 2026-09-25 · B3 (COTAHIST), updated nightly — the price the API, the MCP and the dump serve

1m +25.2% · 12m +170.6% · YTD +100.6% · 52-week R$ 3.94–11.32

15-minute delayed quote, shown by TradingView — display only: it never enters our API, MCP or dump
Close, weekly, 5 years — adjusted for 1 corporate action · return +0.5% (+0.1% a year) · adjusted with the exchange's corporate actions checked against the priceR$ 10.77 2026-09-25
2023-04-27: 0.25x shareshigh 2026-04-30: R$ 11.32low 2023-05-05: R$ 3.182026-09-25: R$ 10.77
2021low R$ 3.18 · high R$ 11.322026

Return by window

1 month3 months1 year2 years5 years10 years
Price+25.2%+1.0%+170.6%+105.5%-8.1% 1×-23.7% 1×
With dividends reinvested+25.2%+1.0%+201.5%+138.8%+9.6%-0.9%
Real, net of inflation (IPCA to 08/2026)+25.3%+1.3%+190.5%+118.8%-14.8%-38.5%
R$ 1,000 would be worthR$ 1,252R$ 1,010R$ 3,015R$ 2,388R$ 1,096R$ 991

Closing prices from the base up to 2026-09-25. The starting price is adjusted by the corporate actions checked against the price (the small mark says how many); a jump they do not explain leaves the window blank. Reinvestment buys more shares at the close of the ex-date, with no tax or cost; only the main ticker class. The real line divides the reinvested return by the IPCA accumulated in the window (Banco Central series 433, monthly, edge months pro rata by days); the latest month is only published around the 10th of the following month.

Corporate actions

last day with rightseventmultipliercheck
2023-04-27reverse split0.25× shareschecked against the price move
2020-03-17reverse split inferred0.00× sharesnot checked

Why the price chart jumps: prices are not split-adjusted. Inferred means detected from the share count and the price, not announced in the exchange file.

Valuation

Today

R$ 474 mmarket value
close of 2026-09-25 × sharesprice × shares outstanding
R$ 1.7 bnenterprise value
+ net debt 2025market value + net debt
R$ -8.77EPS 2025
profit per sharenet income for the year ÷ shares
R$ 11.66BVPS 2025
book value per shareshareholders' equity ÷ shares
0.94P/B 1T26
latest quarterly balancetoday's market value ÷ equity to controlling shareholders at quarter end
-54.7%ROE 12m
to 1T26net income of the last 12 months ÷ average equity over the same 12 months
-42.8%net margin 12m
to 1T26net income ÷ net revenue, both over the last 12 months
1.3P/FCO 2025
FCO R$ 351 mmarket value ÷ operating cash flow
2.0P/FCF 2025
FCF R$ 232 mmarket value ÷ (operating cash flow + capex)
44.0 mshares outstandinglatest public count, treasury excluded

Snapshot: today's close over the latest public share count. Cards marked 12m use the last four quarterly filings; the others use the 2025 annual filing. The multiples below are point-in-time: priced on the day the filing became public.

At the filing date (point-in-time)

-0.8P/E 2025
price of 2026-03-06 · sector 23.2 · 15 cos. · 1st of 16price ÷ earnings per share for the year
0.6P/B 2025
price of 2026-03-06 · sector 2.1 · 12 cos. · 1st of 13price ÷ book value per share
74.1%FCF yield 2025
price of 2026-03-06 · sector 7.6% · 12 cos. · 1st of 13(operating cash flow + capex) ÷ market value
-53.8%ROE 2025
sector 5.3% · 39 cos. · 34th of 40net income to controlling ÷ average equity
-15.4%ROIC 2025
sector 14.5% · 24 cos. · 25th of 25EBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included — /metodologia/roic
P/E, P/B and EV/EBITDA use the price of 2026-03-06 (R$ 7.23), the first one after the 2025 filing became public on 2026-03-06 — point-in-time, not the 31 December price. 2 caveats

By theme, fiscal year 2025

Valuation

P/Receita todaymarket value ÷ net revenue for the year0.45×
EV/Receita todayenterprise value ÷ net revenue1.58×
Earning yield todaynet income ÷ market value (the inverse of P/E)-81.5%

Debt and liquidity

Dívida líquida/PLnet debt ÷ shareholders' equity2.46×
Dívida bruta/PLshort- and long-term borrowings ÷ equity2.64×
PL/Ativosequity ÷ total assets0.22×
Passivos/Ativos(total assets − equity) ÷ total assets0.78×
Liquidez correntecurrent assets ÷ current liabilities0.23×

Efficiency

Margem brutagross profit ÷ net revenue28.9%
Margem EBITDAEBITDA ÷ net revenue-21.2%
Margem EBITEBIT ÷ net revenue-43.6%
Margem líquidanet income ÷ net revenue-38.2%

Profitability

ROEnet income to controlling ÷ average equity-53.8%
ROICEBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included-15.4%
ROAnet income ÷ total assets-16.2%
Giro do ativonet revenue ÷ total assets0.48×

Growth

Receita, 1 anorevenue this year ÷ previous year − 1-8.5%
Receita, CAGR 5 anoscompound annual growth of revenue over 5 years1.7%

Standardized accounts and published indicators of the fiscal year; items marked today divide today's market value or enterprise value by an account of that year.

Indicators, year by year

Four indicators as charts and the full table below. A hollow point carries a caveat; a gap is a year without the figure — we never draw a line across a hole. In the table, the arrow opens the path from the figure down to the line in the regulator's file; a cell with ! carries a caveat; a dashed dash is a suppressed figure — hover to see why. Nothing is hidden.

Fact checklist 2 of 9

Nine objective checks with the threshold written in each line and the figure behind it. Descriptive, not a recommendation; the thresholds are ours and are declared.

ROE-53.8% 2025
2010: 2.5% — pl_final_sem_media2011: 1.6%2012: 32.2%2013: -5.2%2014: -26.3%2015: 5.1%2016: -27.5%2017: -0.6%2018: -34.9%2019: -24.1%2020: 23.5%2021: 1.2%2022: 0.7%2023: -0.9%2024: 3.9%2025: -53.8%
20102025
ROIC-15.4%! 2025
2010: 3.9% — capital_final_sem_media2011: 3.5% — aliq_travada_452012: 24.6%2013: 4.9%2014: -4.5% — aliq_fallback_342015: 11.4%2016: 6.2% — aliq_fallback_342017: 8.6% — aliq_fallback_342018: -2.0% — aliq_fallback_342019: -1.1% — aliq_fallback_342020: 6.8%2021: 1.2% — aliq_fallback_342022: 5.3% — aliq_travada_452023: -2.5% — aliq_fallback_342024: 1.4% — aliq_travada_452025: -15.4% — aliq_fallback_34
20102025
Net margin-38.2% 2025
2010: 5.6%2011: 1.6%2012: 55.4%2013: -9.4%2014: -27.1%2015: 5.0%2016: -21.7%2017: -1.1%2018: -32.0%2019: -21.8%2020: 17.4%2021: 0.5%2022: 0.6%2023: -1.0%2024: 1.4%2025: -38.2%
20102025
Point-in-time P/E-0.8x! 2025
2012: 3.3x — acoes_do_fre_sem_tesouraria2013: -12.4x — acoes_do_fre_sem_tesouraria;acoes_defasadas;pl_negativo2014: -1.5x — acoes_do_fre_sem_tesouraria;acoes_defasadas;pl_negativo2015: 13.1x — acoes_do_fre_sem_tesouraria2016: -2.5x — acoes_do_fre_sem_tesouraria;acoes_defasadas;pl_negativo2017: -63.4x — acoes_do_fre_sem_tesouraria;acoes_defasadas;pl_negativo2018: -0.8x — acoes_do_fre_sem_tesouraria;acoes_defasadas;pl_negativo2019: -1.2x — acoes_do_fre_sem_tesouraria;acoes_defasadas;pl_negativo2020: 1.6x — acoes_escala_milhares2021: 33.1x — acoes_escala_milhares2022: 21.7x — acoes_escala_milhares2023: -84.4x — acoes_escala_milhares;pl_negativo2024: 22.2x — acoes_escala_milhares2025: -0.8x — acoes_escala_milhares;pl_negativo
20102025

Full table

indicator2010201120122013201420152016201720182019202020212022202320242025sector
ROE ⟶2.5%!1.6%32.2%-5.2%-26.3%5.1%-27.5%-0.6%-34.9%-24.1%23.5%1.2%0.7%-0.9%3.9%-53.8%5.3%
ROIC ⟶3.9%!3.5%!24.6%4.9%-4.5%!11.4%6.2%!8.6%!-2.0%!-1.1%!6.8%1.2%!5.3%!-2.5%!1.4%!-15.4%!14.5%
ROA ⟶1.0%!0.3%12.1%-1.6%-9.0%2.3%-6.4%-0.4%-9.0%-5.6%4.7%0.2%0.2%-0.4%0.7%-16.2%1.3%
Gross margin ⟶37.3%37.2%29.1%39.1%24.7%31.5%36.0%31.1%29.9%11.8%9.1%12.8%29.7%19.3%34.3%28.9%25.6%
EBIT margin ⟶22.9%19.1%71.7%30.9%-14.0%32.9%24.3%29.9%-7.3%-4.5%23.9%4.4%21.8%-9.1%4.5%-43.6%14.3%
Net margin ⟶5.6%1.6%55.4%-9.4%-27.1%5.0%-21.7%-1.1%-32.0%-21.8%17.4%0.5%0.6%-1.0%1.4%-38.2%3.0%
Revenue growth (1y) ⟶—27.4%33.8%1.0%105.0%41.9%-37.1%-3.5%-19.9%-17.1%-2.2%8.2%7.0%-8.1%28.3%-8.5%7.2%
Revenue growth (5y CAGR) ⟶—————35.1%17.3%12.3%7.2%-10.5%-17.0%-7.5%-5.6%-2.9%6.0%1.7%17.1%
Net debt/EBITDA1.98x3.06x1.44x2.94x—2.58x3.90x2.12x9.29x5.12x2.64x3.60x3.80x16.90x4.39x—2.39x
Current ratio ⟶0.54x0.60x0.73x0.58x0.50x0.43x0.48x0.30x0.16x0.26x0.22x0.31x0.28x0.33x0.21x0.23x1.46x

In reais, year by year

The three statements behind the ratios — income statement, balance sheet and cash flow — in the standardized lines, consolidated as filed (or parent-only when that is what the company files). EBITDA and net debt follow the published methodology; gross debt, cash and investments and free cash flow are sums the line names spell out.

line20102011201220132014201520162017201820192020202120222023202420251T26TTM
Income statement
Net revenue (R$ bn)0.50.70.90.81.72.51.51.51.21.01.01.01.11.01.31.10.10.9
Cost of goods and services (R$ bn)-0.3-0.4-0.7-0.5-1.3-1.7-1.0-1.0-0.8-0.9-0.9-0.9-0.8-0.8-0.9-0.7-0.1-0.7
Gross profit (R$ m)2032592713294277725564653581178813433319945430529240
EBITDA (R$ bn)0.30.30.90.4-0.01.10.70.80.20.40.70.40.40.10.3-0.2——
Depreciation and amortization (R$ m)14215518718220724532233728140842440217718125423620191
EBIT (operating result) (R$ m)125133667261-242807375447-87-4423146245-9459-4607-478
Pre-tax profit (R$ m)415508110-540221-244-232-435-357217-3295-9459-460-19-459
Income taxes (R$ m)-16-2-11-43-68-98-8022035110-4837-8983-845-32
Net income (R$ m)3111516-79-468123-335-17-383-21616956-1118-403-12-403
Net income (controlling) (R$ m)3422516-99-43068-319-7-365-193189116-836-386-11-387
Balance sheet
Total assets (R$ bn)3.03.45.14.95.55.55.04.63.93.73.43.23.02.82.82.22.22.2
Current assets (R$ bn)0.20.30.30.20.71.21.10.70.30.20.20.20.20.20.20.20.20.2
Current liabilities (R$ bn)0.30.50.40.41.32.72.22.21.80.90.90.50.50.51.11.00.90.9
Gross debt (short + long term) (R$ bn)0.61.11.41.42.52.92.82.11.92.01.81.71.71.51.41.31.21.2
Cash and investments (R$ m)10019716551188205984051481157091655953866262
Net debt (R$ bn)0.50.91.21.32.32.72.71.71.81.91.71.61.61.51.41.2——
Shareholders' equity (R$ bn)1.41.41.82.11.41.51.11.31.00.80.90.90.90.90.90.50.50.5
Cash flow
Operating cash flow (R$ m)2362442037327447781945035825527633929649145035152308
Capital expenditures (R$ m)-213-469-306-291-987-912-356-252-164-41-120-171-166-287-182-119-22-117
Free cash flow (FCO + capex) (R$ m)23-226-103-218-713-43546319819421415616713020426923230191

The two right-hand columns come from the quarterly filing (ITR): the latest quarter alone and the last 12 months (TTM) built by the same identity as the TTM P/E. EBITDA and net debt have no quarterly series here.

The current year, quarter by quarter

As the company filed it in its interim report. The fourth quarter does not exist on its own in that filing — the closed year comes in the annual one, and we do not derive a Q4, so that a figure we computed never sits beside the figures the company reported. Filed on is the date the report became public, and the price is taken from it.

quarterrevenue (R$ m)profit (R$ m)net marginP/E TTMP/Bfiled on
2023T3!307.796.031.2%-2.80.202023-11-09
2024T1!299.77.02.3%2.20.192024-05-15
2024T2!360.025.97.2%1.00.172024-08-08
2024T3!338.212.73.7%3.50.322024-11-07
2025T1!275.6-11.0-4.0%9.20.202025-05-08
2025T2!255.6-41.0-16.0%-4.20.202025-08-07
2025T3!284.4-23.4-8.2%-2.40.202025-10-23
2026T1!124.9-11.8-9.4%-1.10.882026-05-15

Full series, every quarter: GET /empresas/TPIS3/trimestres

Dividends

No ex-date or payment scheduled in the base (exchange announcements through 2026-09-21 · filings to the regulator through 2026-09-18).

The latest dividend by TPIS3 was a dividend of R$ 0.5489 per share (record date 2025-12-30, payment 2026-06-15). In the last 12 months: 1 payments adding up to R$ 0.5489 per share. Average yield of the last 5 full years: 4.0%.

typerecord dateex-datepaymentper share
dividend2023-04-272023-04-28—R$ 0.0459

Ex-date is the first trading session after the record date, from our own price history. Payment date comes from the exchange file; CVM marks a date taken from the filing to the regulator. Only the main ticker class.

Record dates in the last 5 years, by month: JanFebMarApr2MayJunJulAugSepOctNovDec2

Per year

yearper sharepaymentsyield
2025R$ 0.5489110.2%
2024R$ 0.230514.5%
2023R$ 0.045911.1%
2022R$ 0.018712.1%
2021R$ 0.041212.0%
2018R$ 0.1946112.5%
2016R$ 0.267518.4%
2015R$ 0.227324.9%
2013R$ 0.356313.8%
2012R$ 0.334632.7%

Yield per year = the year's dividends over the close of its last session; the current year is partial.

Shareholders and free float

42.10%free float
18,522,521 sharesshares outstanding held by the market, as filed in the FRE
7,593shareholders
7,536 individuals · 25 companies · 32 institutionalcount at the last shareholders meeting, from the FRE
THP - TRIUNFO HOLDING PARTICIPAÇÕES S.A +9controlling shareholder
as declared in the FREshareholders the company marks as controlling
100% ONtag along (minimum)
Novo Mercadominimum guaranteed by the listing segment or by law; the bylaws may grant more
shareholdertype% ON% PN% total
THP - TRIUNFO HOLDING PARTICIPAÇÕES S.A ctrl agreementPJ54.97%0.00%54.97%
EXPLORADOR CAPITAL MANAGEMENT LLCPJ9.99%0.00%9.99%
BNDES Participações S.A. agreementPJ5.09%0.00%5.09%
IPORANGA MACRO FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADOPJ4.53%0.00%4.53%
RACHEL DE ALMEIDA AGUIAR ctrl agreementPF0.40%0.00%0.40%
CARLO ALBERTO BOTTARELLIPF0.39%0.00%0.39%
WILSON PIOVEZAN ctrlPF0.28%0.00%0.28%
LEONARDO DE ALMEIDA AGUIAR ctrl agreementPF0.07%0.00%0.07%
MARIA CANDIDA FERREIRA DE ALMEIDA ctrl agreementPF0.07%0.00%0.07%
MARIA LETICIA DE ALMEIDA AGUIAR ctrl agreementPF0.07%0.00%0.07%
MARIA MARCIA DE ALMEIDA AGUIAR ctrl agreementPF0.07%0.00%0.07%
MARIA TERESA DE ALMEIDA AGUIAR ctrl agreementPF0.07%0.00%0.07%
MARIA VIRGINIA DE ALMEIDA AGUIAR ctrl agreementPF0.07%0.00%0.07%
LUIZ FERNANDO WOLFF DE CARVALHO ctrl agreementPF0.04%0.00%0.04%
DORIVAL PAGANI JR.PF0.02%0.00%0.02%
Others (market)———22.48%
Treasury shares———1.42%

Direct holdings from the reference form (FRE) filed on 2026-09-02, version 3. The chain of control (who owns the holding) is not reproduced here. Names of individuals appear as in the public filing.

Filings and notices

filedcategorysubjectdocument
2026-09-18Calendário de Eventos Corporativos—open
2026-09-11Calendário de Eventos Corporativos—open
2026-09-09Reunião da Administração · Conselho de AdministraçãoRatificar a celebração do Contrato de Contragarantia pela Companhia com a Darwin Seguros S.A. ("Darwin"), no valor total de até R$ 100.000.000,00 (cem milhões de reais)open
2026-09-04Calendário de Eventos Corporativos—open
2026-09-03Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-09-03Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Individual - Cia, Controladas e Coligadas—open
2026-09-02Calendário de Eventos Corporativos—open
2026-08-28Fato Relevante6ª Emissão de Debênturesopen
2026-08-28Reunião da Administração · Conselho de AdministraçãoEmissão de Valores Mobiliáriosopen
2026-08-28Escrituras e aditamentos de debênturesEscritura da 6ª Emissão de Debênturesopen

The last filings this company sent to the CVM outside its financial statements, newest first, from the regulator's own IPE index. The subject line is the company's own free text. We do not summarise or classify these documents — read the original.

Piotroski F-Score 5/9 (2025) — what each criterion means.

Restated filings for this company

The regulator overwrites the old version; we keep both. Figures in R$ millions: first filing on the left, restatement on the right.

fiscal yearaccountfirst filingrestated
2012BPA 15,117.94,520.5
2012BPP 25,117.94,520.5
2012DMPL 5.04473.9-52.4
2012DMPL 5.059.3496.9
2012DMPL 5.05.019.3496.9
2017BPP 2.012,168.11,959.2
2024DRE 3.011,322.91,152.7
2012DMPL 5.06-0.0163.4

Every restatement of this company, year by year

This company appears in

Compare

Side by side, with each figure's caveat and how often each company restated its filings.

TPIS3 × WEGE3 · TPIS3 × EMBJ3 · TPIS3 × RENT3 · TPIS3 × RAIL3 · TPIS3 × MOTV3 · TPIS3 × VAMO3

compare with the sector: MOTV3 × RAIL3 × AZUL3

Other companies in Industrials

44 more with a page, same CVM sector — a classification of the regulator's, not ours.

Take this into your code

Everything on this page is also JSON: GET /empresas/TPIS3/indicadores. WEGE3 is open for testing without a key; for the rest, create a free key (200 calls/day, no card).

Price coverage: 4,149 sessions, 2010-01-04 → 2026-09-25 · methodology · how we verify

Sources: CVM (open data, ODbL) and B3 (COTAHIST). Not affiliated with B3 or the CVM. Not investment advice.

Numbers on this page are live. Data version 2026-09-27-reapresentacao-agreg · page generated 2026-09-27 08:19 UTC. If this does not match /saude, you are reading a cached copy.