TY

MKT CAP:$2B

Tri-Continental Corporation

Market Cap

$2B

Financial Services·Asset Management·🇺🇸 United States·NYSE

Financials·Asset Management·🇺🇸·NYSE

Stock Price

$34.09+$1.46 (+4.47%)

Apr 22, 2026

Company Details

Tri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of com...

CEO

William F. Truscott

IPO Date

Mar 17, 1980

Website

www.columbiathreadneedleus.com/investment-products/Variable-Portfolio/Tri-Continental-Corporation/-/details?cusip=895436103

Key Metrics TTM

Revenue

$365M

+121.9% YoY

Net Income

$575M

EPS (Diluted)

$10.86

Free Cash Flow

$0

Revenue / Share

$6.83

Gross Margin

130.1%

Operating Margin

112.0%

Net Margin

157.3%

FCF Margin

0.0%

P/S

4.8x

P/E

3.1x

Earnings Reports

FY 2025

Dec 30, 2025

$205M-36.4%EPS $4.75

Q4 2025

Dec 30, 2025

$124M+0.3%EPS $3.32

Q2 2025

Jun 30, 2025

$34M-59.2%EPS $1.45

FY 2024

Dec 31, 2024

$322M+26.7%EPS $6.21

Q4 2024

Dec 31, 2024

$123M+113.8%EPS $2.80

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 19	$67M	$64M	$216M
Q4 22	$11M	$8M	$25M
Q2 23	$28M	$25M	$142M
Q4 23	$58M	$54M	$111M
Q2 24	$84M	$287M	$171M
Q4 24	$123M	$35M	$30M
Q2 25	$34M	$34M	$30M
Q4 25	$124M	$119M	$178M

Valuation

Quarter	P/S	P/E
Q2 19	—	—
Q4 22	—	—
Q2 23	—	—
Q4 23	10.7x	3.6x
Q2 24	9.7x	3.9x
Q4 24	6.0x	3.1x
Q2 25	5.9x	3.5x
Q4 25	4.8x	3.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 05	$93M	$93M
Q2 19	$216M	$216M
Q4 22	$0	$0
Q2 23	$0	$0
Q4 23	$0	$0
Q2 24	$0	$0
Q4 24	$0	$0
Q2 25	$0	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 24	+25.2%	+41.9%
Q4 24	+974.1%	+803.1%
Q2 25	+21.4%	+103.6%
Q4 25	+114.5%	-1.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 05	$0	—
Q2 19	$0	0.0%
Q4 22	$0	0.0%
Q2 23	$0	0.0%
Q4 23	$0	0.0%
Q2 24	$0	0.0%
Q4 24	$0	0.0%
Q2 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q2 19	$4M
Q4 22	$4M
Q2 23	$4M
Q4 23	$4M
Q2 24	$4M
Q4 24	$4M
Q2 25	$4M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 18	$0	$0	$0
Q4 18	$0	$0	$0
Q2 19	$0	$0	$0
Q4 19	$0	$0	$0
Q2 20	$31.4K	$0	$31.4K
Q4 20	$123.9K	$0	$123.9K
Q2 21	$57.3K	$0	$57.3K
Q4 21	$0	$0	$0
Q2 22	$0	$0	$0
Q4 22	$0	$0	$0
Q2 23	$0	$0	$0
Q4 23	$0	$0	$0
Q2 24	$32M	$0	$32M
Q4 24	$0	$0	$0
Q2 25	$17M	$0	$17M
Q4 25	$186.2K	$0	$186.2K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 19	53M	—	—
Q4 22	54M	+2.1%	—
Q2 23	54M	-1.1%	—
Q4 23	52M	-2.3%	—
Q2 24	52M	-0.9%	-2.2%
Q4 24	53M	+2.6%	-1.8%
Q2 25	52M	-1.8%	-2.5%
Q4 25	54M	+2.3%	+2.1%

Shares Outstanding