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TriMas (TRS) Financials

TriMas logo
$39.08 -1.03 (-2.57%)
Closing price 06/3/2026 04:00 PM Eastern
Extended Trading
$39.10 +0.02 (+0.04%)
As of 06/3/2026 04:38 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for TriMas

Annual Income Statements for TriMas

This table shows TriMas' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -33 -40 31 83 99 -80 57 66 40 30 110
Consolidated Net Income / (Loss)		 -33 -40 31 83 99 -80 57 66 40 24 120
Net Income / (Loss) Continuing Operations		 -29 -40 36 74 62 0.00 0.00 0.00 30 -1.95 72
Total Pre-Tax Income 		-22 -58 70 92 78 -103 69 88 36 -4.18 24
Total Operating Income		 -4.25 -42 93 109 91 -88 95 99 51 15 41
Total Gross Profit		 236 211 189 200 194 182 217 208 153 130 138
Total Revenue		 864 794 656 705 724 770 857 884 652 631 646
Operating Revenue		 864 794 656 705 724 770 857 884 652 631 646
Total Cost of Revenue		 628 583 467 505 530 588 640 676 499 501 508
Operating Cost of Revenue		 628 583 467 505 530 588 640 676 499 501 508
Total Operating Expenses		 240 253 97 91 103 270 122 109 103 109 125
Selling, General & Admin Expense		 162 152 100 91 103 134 122 131 102 110 129
Impairment Charge		 76 99 - 0.00 0.00 135 0.00 0.00 0.00 0.23 0.00
Other Special Charges / (Income)		 2.33 1.87 -3.34 0.09 0.15 1.29 0.13 -22 0.18 -1.02 -4.68
Total Other Income / (Expense), net		 -18 -16 -23 -16 -13 -14 -26 -11 -15 -19 0.99
Interest Expense		 16 14 14 14 14 15 25 14 16 20 0.00
Other Income / (Expense), net		 -1.84 -2.58 -8.45 -2.54 0.99 0.24 -0.95 2.72 1.11 0.21 0.99
Income Tax Expense		 6.54 -18 34 19 16 -23 12 22 6.31 -2.23 -48
Net Income / (Loss) Discontinued Operations		 -4.74 - -5.00 9.59 37 0.00 0.00 0.00 11 26 48
Basic Earnings per Share		 ($0.74) ($0.88) $0.68 $1.82 $2.18 ($1.83) $1.33 $1.57 $0.97 $0.60 $2.97
Weighted Average Basic Shares Outstanding		 45.12M 45.41M 45.68M 45.82M 45.30M 43.58M 43.01M 42.25M 41.44M 40.73M 40.38M
Diluted Earnings per Share		 ($0.74) ($0.88) $0.67 $1.80 $2.16 ($1.83) $1.32 $1.56 $0.97 $0.60 $2.95
Weighted Average Diluted Shares Outstanding		 45.12M 45.41M 45.99M 46.17M 45.60M 43.58M 43.28M 42.48M 41.69M 40.73M 40.79M
Weighted Average Basic & Diluted Shares Outstanding		 45.10M 45.20M 45.50M 45.80M 44.26M 43.18M 42.84M 41.48M 41.03M 40.58M 37.65M
Cash Dividends to Common per Share		 - - - - - - $0.04 - - $0.04 $0.04

Quarterly Income Statements for TriMas

This table shows TriMas' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 16 7.94 5.14 11 2.53 5.64 12 17 9.30 72 801
Consolidated Net Income / (Loss)		 16 7.94 5.14 11 2.53 5.64 12 17 9.30 82 801
Net Income / (Loss) Continuing Operations		 0.00 - 0.00 0.00 0.00 - 1.94 0.00 0.00 72 -52
Total Pre-Tax Income 		20 8.43 7.19 13 3.39 6.79 2.59 22 12 -27 2.54
Total Operating Income		 24 12 12 18 8.28 8.62 7.15 27 17 -24 6.89
Total Gross Profit		 56 43 53 54 52 41 33 70 66 -55 37
Total Revenue		 235 210 227 241 229 228 152 275 269 -140 168
Operating Revenue		 235 210 227 241 229 228 152 275 269 -140 168
Total Cost of Revenue		 179 166 174 186 178 187 120 205 203 -85 131
Operating Cost of Revenue		 179 166 174 186 178 187 120 205 203 -85 131
Total Operating Expenses		 32 32 40 36 43 32 26 43 49 -2.53 30
Selling, General & Admin Expense		 32 30 40 36 39 32 31 43 41 5.06 30
Impairment Charge		 0.00 1.12 0.00 0.00 0.00 0.23 0.00 0.00 0.00 - 0.00
Other Special Charges / (Income)		 -0.12 0.30 -0.06 0.06 4.47 0.04 -5.29 0.02 8.18 -7.59 -0.01
Total Other Income / (Expense), net		 -4.07 -3.20 -5.25 -5.18 -4.89 -1.83 -4.56 -4.78 -4.47 15 -4.35
Interest Expense		 3.95 4.30 4.93 5.22 4.86 4.55 4.52 4.55 4.37 -13 5.24
Other Income / (Expense), net		 -0.12 1.10 -0.32 0.04 -0.03 2.72 -0.04 -0.23 -0.10 1.42 0.89
Income Tax Expense		 3.20 0.49 2.05 1.73 0.86 1.15 0.65 5.63 2.82 -61 54
Net Income / (Loss) Discontinued Operations		 0.00 - 0.00 0.00 0.00 - 10 0.00 0.00 48 853
Basic Earnings per Share		 $0.40 $0.18 $0.13 $0.27 $0.06 $0.14 $0.31 $0.41 $0.23 $2.02 $21.40
Weighted Average Basic Shares Outstanding		 41.43M 41.44M 41.02M 40.70M 40.61M 40.73M 40.61M 40.65M 40.65M 40.38M 37.43M
Diluted Earnings per Share		 $0.40 $0.19 $0.12 $0.27 $0.06 $0.14 $0.30 $0.41 $0.23 $2.01 $21.40
Weighted Average Diluted Shares Outstanding		 41.67M 41.69M 41.32M 41.00M 40.95M 41.06M 40.97M 40.93M 41.11M 40.79M 37.43M
Weighted Average Basic & Diluted Shares Outstanding		 82.83M 41.03M 81.47M 81.29M 40.57M 40.58M 40.65M 40.64M 40.65M 37.65M 35.83M
Cash Dividends to Common per Share		 $0.04 - $0.04 - $0.04 - $0.04 - $0.04 - $0.04

Annual Cash Flow Statements for TriMas

This table details how cash moves in and out of TriMas' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -4.97 1.26 6.87 81 64 -99 67 -81 -77 -38 -34
Net Cash From Operating Activities		 63 80 120 129 76 127 134 73 88 64 117
Net Cash From Continuing Operating Activities		 77 80 119 111 96 0.00 0.00 0.00 0.00 0.00 0.00
Net Income / (Loss) Continuing Operations		 -29 -40 36 74 62 0.00 0.00 0.00 30 -1.95 72
Consolidated Net Income / (Loss)		 -33 -40 31 83 99 -80 57 66 40 24 120
Net Income / (Loss) Discontinued Operations		 -4.74 - -5.00 9.59 37 0.00 0.00 0.00 11 26 48
Depreciation Expense		 23 24 22 22 25 29 32 34 39 48 40
Amortization Expense		 23 22 20 20 20 22 23 20 19 18 18
Non-Cash Adjustments To Reconcile Net Income		 86 108 10 7.26 6.60 144 20 -12 13 14 -15
Changes in Operating Assets and Liabilities, net		 -26 -34 31 -12 -17 12 2.35 -36 -17 -40 -38
Net Cash From Discontinued Operating Activities		 -14 - 1.25 19 -20 0.00 0.00 0.00 0.00 0.00 0.00
Net Cash From Investing Activities		 -39 -31 -32 -25 29 -232 -79 -55 -134 -47 -64
Net Cash From Continuing Investing Activities		 -37 -31 -29 -23 31 0.00 0.00 0.00 0.00 0.00 0.00
Purchase of Property, Plant & Equipment		 -29 -31 -34 -23 -30 -40 -45 -46 -54 -51 -48
Acquisitions		 -10 - 0.00 0.00 -67 -194 -34 -64 -77 0.00 -38
Divestitures		 1.70 0.22 4.42 0.06 128 1.95 0.22 29 0.48 4.00 22
Sale and/or Maturity of Investments		 - - - - - 0.00 0.00 -26 3.37 3.76 0.00
Net Cash From Discontinued Investing Activities		 -2.51 - -3.06 -1.44 -2.24 0.00 0.00 0.00 0.00 0.00 0.00
Net Cash From Financing Activities		 -28 -48 -81 -24 -40 6.14 12 -46 -31 -29 -46
Net Cash From Continuing Financing Activities		 -236 -48 -81 -24 -40 0.00 0.00 0.00 0.00 0.00 0.00
Repayment of Debt		 -1,616 -447 -782 -68 -189 -319 -362 -12 -121 -310 -291
Repurchase of Common Equity		 - 0.00 0.00 -12 -37 -39 -19 -37 -19 -19 -103
Payment of Dividends		 - - - - 0.00 0.00 -1.74 -6.88 -6.70 -6.63 -6.61
Issuance of Debt		 1,406 403 701 59 189 367 400 12 118 309 356
Other Financing Activities, net		 -26 -4.12 -0.51 -2.38 -3.34 -2.60 -5.23 -2.38 -2.70 -1.76 -2.00
Net Cash From Discontinued Financing Activities		 208 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Interest Paid		 15 12 9.43 14 12 13 13 13 14 19 19
Cash Income Taxes Paid		 31 17 16 7.38 44 9.06 11 20 17 12 11

Quarterly Cash Flow Statements for TriMas

This table details how cash moves in and out of TriMas' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -7.24 6.97 -4.42 4.54 -8.10 -3.84 9.64 -2.43 3.36 -45 1,280
Net Cash From Operating Activities		 31 31 -3.69 18 22 27 9.19 30 36 42 -19
Net Cash From Continuing Operating Activities		 - - 0.00 - - - 9.19 - - - -19
Net Income / (Loss) Continuing Operations		 16 -32 5.14 11 2.53 -19 1.94 17 9.30 34 -52
Consolidated Net Income / (Loss)		 16 7.94 5.14 11 2.53 5.64 12 17 9.30 82 801
Depreciation Expense		 9.29 9.58 9.98 10 9.94 18 9.64 10 10 9.94 10
Amortization Expense		 4.85 4.60 4.45 4.46 4.45 4.40 4.43 4.59 4.63 4.62 4.37
Non-Cash Adjustments To Reconcile Net Income		 3.02 4.17 5.28 2.00 2.51 -1.26 -3.08 1.67 3.66 -18 -1,037
Changes in Operating Assets and Liabilities, net		 -2.27 4.30 -29 -9.06 2.60 0.12 -14 -2.74 8.78 -30 202
Net Cash From Investing Activities		 -15 -23 -13 -11 -8.00 -15 -30 -16 -14 -4.45 1,431
Net Cash From Continuing Investing Activities		 - - 0.00 - - - 0.00 - - - 0.00
Purchase of Property, Plant & Equipment		 -10 -19 -13 -11 -12 -15 -13 -17 -14 -4.70 -5.22
Acquisitions		 -5.50 - 0.00 - - - -37 - -0.57 - 0.00
Divestitures		 0.21 0.02 0.11 0.12 3.87 -0.10 20 0.69 0.60 0.25 1,437
Sale and/or Maturity of Investments		 - - 0.00 - 3.76 -3.76 0.00 - - - 0.00
Net Cash From Discontinued Investing Activities		 - - 0.00 - - - 0.00 - - - 0.00
Net Cash From Financing Activities		 -23 -7.76 12 -3.08 -22 -16 30 -16 -19 -41 -132
Net Cash From Continuing Financing Activities		 - - 0.00 - - - 0.00 - - - 0.00
Repayment of Debt		 -36 -44 -40 -83 -113 -74 -64 -56 -46 -125 -306
Repurchase of Common Equity		 -0.26 -5.43 -13 -3.53 -2.42 - -0.46 -1.80 - -101 -55
Payment of Dividends		 -1.68 -1.68 -1.66 -1.66 -1.66 -1.65 -1.61 -1.67 -1.67 -1.66 -1.49
Issuance of Debt		 15 44 69 85 95 60 98 43 28 187 233
Other Financing Activities, net		 -0.09 -0.02 -1.56 - -0.06 -0.14 -1.76 -0.04 -0.05 -0.15 -3.46
Net Cash From Discontinued Financing Activities		 - - 0.00 - - - 0.00 - - - 0.00
Cash Interest Paid		 0.51 6.76 0.49 8.45 0.92 8.87 0.76 8.73 0.43 8.84 1.50
Cash Income Taxes Paid		 2.90 5.75 1.00 4.47 3.61 2.79 2.99 6.22 2.08 -0.66 0.23

Annual Balance Sheets for TriMas

This table presents TriMas' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,170 1,052 1,033 1,101 1,193 1,194 1,304 1,305 1,342 1,324 1,485
Total Current Assets		 327 309 311 412 434 352 432 423 397 427 463
Cash & Equivalents		 19 21 28 108 172 74 141 112 35 23 30
Accounts Receivable		 122 112 112 97 109 113 126 132 148 116 111
Inventories, net		 167 160 155 127 133 149 152 163 192 110 109
Prepaid Expenses		 18 16 16 6.90 20 15 13 15 22 27 36
Other Current Nonoperating Assets		 - - - 72 - - - - - 150 176
Plant, Property, & Equipment, net		 181 179 190 172 214 253 266 278 330 238 248
Total Noncurrent Assets		 663 564 532 517 544 589 606 605 614 660 775
Goodwill		 379 315 319 317 335 304 315 340 364 287 300
Intangible Assets		 274 214 194 168 161 206 197 188 181 78 77
Noncurrent Deferred & Refundable Income Taxes		 - 26 9.10 1.08 0.50 20 9.74 9.40 10 11 54
Other Noncurrent Operating Assets		 9.76 8.40 8.97 8.20 48 59 84 67 59 42 77
Other Noncurrent Nonoperating Assets		 - - - 23 - - - - - 242 267
Total Liabilities & Shareholders' Equity		 1,170 1,052 1,033 1,101 1,193 1,194 1,304 1,305 1,342 1,324 1,485
Total Liabilities		 623 552 489 480 495 610 673 653 659 657 779
Total Current Liabilities		 153 133 122 142 120 137 155 140 159 159 184
Short-Term Debt		 14 14 - - - - - - - - 0.00
Accounts Payable		 88 72 72 67 73 70 88 85 92 72 72
Accrued Expenses		 50 47 49 44 42 61 59 47 60 43 60
Other Current Liabilities		 - - - 0.00 5.10 6.74 8.12 8.28 7.90 6.00 4.10
Other Current Nonoperating Liabilities		 - - - 30 - - - - - 38 48
Total Noncurrent Liabilities		 470 419 367 338 375 472 518 513 499 497 596
Long-Term Debt		 406 361 303 294 295 346 394 395 396 398 469
Capital Lease Obligations		 - - - - - - - 41 40 30 32
Noncurrent Deferred & Payable Income Tax Liabilities		 11 5.91 5.65 3.33 17 25 21 21 23 18 18
Other Noncurrent Operating Liabilities		 53 52 59 39 64 101 103 56 41 42 66
Other Noncurrent Nonoperating Liabilities		 - - - 2.23 - - - - - 9.34 11
Total Equity & Noncontrolling Interests		 547 500 544 620 697 584 631 652 683 667 706
Total Preferred & Common Equity		 547 500 544 620 697 584 631 652 683 667 706
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 547 500 544 620 697 584 631 652 683 667 706
Common Stock		 813 818 824 817 783 749 733 697 678 664 578
Retained Earnings		 -254 -294 -263 -180 -80 -160 -102 -36 4.23 22 127
Accumulated Other Comprehensive Income / (Loss)		 -11 -24 -17 -17 -6.00 -5.62 0.23 -8.62 0.65 -19 -0.01

Quarterly Balance Sheets for TriMas

This table presents TriMas' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,302 1,319 1,356 1,342 1,364 1,366 1,368 1,394 1,445 1,434 2,297
Total Current Assets		 417 391 410 407 428 439 435 465 489 483 1,590
Cash & Equivalents		 80 52 42 35 30 35 27 33 30 34 1,310
Accounts Receivable		 143 150 165 166 163 170 163 184 204 192 129
Inventories, net		 174 172 183 182 206 209 214 219 217 227 117
Prepaid Expenses		 20 18 21 25 28 26 31 29 38 30 34
Other Current Nonoperating Assets		 - - - - - - - - - - 0.00
Plant, Property, & Equipment, net		 272 295 319 317 332 329 329 322 337 341 244
Total Noncurrent Assets		 613 633 628 618 605 598 603 607 619 610 464
Goodwill		 332 362 363 359 361 360 365 377 388 387 298
Intangible Assets		 190 195 191 185 176 171 169 163 163 158 75
Noncurrent Deferred & Refundable Income Taxes		 13 9.10 8.80 8.51 9.88 11 10 9.90 9.80 9.30 7.35
Other Noncurrent Operating Assets		 78 67 66 66 58 56 59 57 58 56 84
Other Noncurrent Nonoperating Assets		 - - - - - - - - - - 0.00
Total Liabilities & Shareholders' Equity		 1,302 1,319 1,356 1,342 1,364 1,366 1,368 1,394 1,445 1,434 2,297
Total Liabilities		 667 671 694 667 691 690 685 707 730 709 847
Total Current Liabilities		 159 149 152 158 157 156 154 165 189 180 328
Short-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.08 0.00 0.00 0.00 0.00
Accounts Payable		 93 86 84 82 82 91 81 87 103 90 267
Accrued Expenses		 57 54 59 67 67 57 65 68 76 80 53
Other Current Liabilities		 8.32 9.04 8.91 8.78 8.03 7.89 7.90 9.12 9.67 9.64 7.19
Other Current Nonoperating Liabilities		 - - - - - - - - - - 0.00
Total Noncurrent Liabilities		 509 522 542 509 534 534 531 542 541 529 520
Long-Term Debt		 395 395 417 395 425 427 410 434 425 407 397
Capital Lease Obligations		 - 42 40 41 38 36 39 41 41 38 35
Noncurrent Deferred & Payable Income Tax Liabilities		 21 26 27 26 26 27 27 21 21 21 26
Other Noncurrent Operating Liabilities		 93 59 59 47 45 44 56 46 55 62 61
Other Noncurrent Nonoperating Liabilities		 - - - - - - - - - - 0.00
Total Equity & Noncontrolling Interests		 635 649 662 675 673 676 683 687 715 725 1,450
Total Preferred & Common Equity		 635 649 662 675 673 676 683 687 715 725 1,450
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 635 649 662 675 673 676 683 687 715 725 1,450
Common Stock		 703 685 684 685 668 666 665 665 665 668 533
Retained Earnings		 -55 -31 -20 -3.71 7.63 17 18 32 47 55 917
Accumulated Other Comprehensive Income / (Loss)		 -14 -5.17 -1.18 -6.15 -2.25 -7.14 -0.34 -11 2.62 1.51 -0.21

Annual Metrics And Ratios for TriMas

This table displays calculated financial ratios and metrics derived from TriMas' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 40,645,671.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 40,645,671.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 2.72
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 -2.98 -29 48 87 72 -62 79 75 52 38 123
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 6.87% 4.67% 3.46% 10.20%
Earnings before Interest and Taxes (EBIT)		 -6.09 -45 84 106 92 -88 94 102 67 50 42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 39 1.72 126 148 137 -37 149 156 125 115 100
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 64 64 82 163 -4.36 -99 52 -17 -56 42 59
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 947 854 820 743 820 857 884 975 1,083 1,079 792
Increase / (Decrease) in Invested Capital		 -67 -94 -34 -76 77 37 27 92 108 -4.38 64
Book Value per Share		 $12.08 $10.98 $11.90 $13.54 $15.48 $13.52 $14.72 $15.53 $16.49 $16.45 $17.36
Tangible Book Value per Share		 ($2.33) ($0.64) $0.67 $2.97 $4.47 $1.71 $2.77 $2.95 $3.34 $3.69 $8.09
Total Capital		 967 874 847 914 992 931 1,025 1,088 1,118 1,102 1,207
Total Debt		 420 375 303 294 295 346 394 436 435 435 501
Total Long-Term Debt		 406 361 303 294 295 346 394 436 435 435 501
Net Debt		 400 354 276 185 122 272 253 324 400 412 471
Capital Expenditures (CapEx)		 29 31 34 23 30 40 45 46 54 51 48
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 168 169 162 162 142 141 136 170 203 244 249
Debt-free Net Working Capital (DFNWC)		 188 189 189 270 314 215 277 283 238 267 279
Net Working Capital (NWC)		 174 176 189 270 314 215 277 283 238 267 279
Net Nonoperating Expense (NNE)		 30 10 17 3.54 -26 18 22 8.60 12 14 2.96
Net Nonoperating Obligations (NNO)		 400 354 276 123 122 272 253 324 400 412 86
Total Depreciation and Amortization (D&A)		 45 46 42 42 45 51 54 54 59 66 58
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.74) ($0.88) $0.68 $1.82 $2.18 ($1.83) $1.33 $1.57 $0.97 $0.60 $2.97
Adjusted Weighted Average Basic Shares Outstanding		 45.12M 45.41M 45.68M 45.82M 45.30M 43.58M 43.01M 42.25M 41.44M 40.73M 40.38M
Adjusted Diluted Earnings per Share		 ($0.74) ($0.88) $0.67 $1.80 $2.16 ($1.83) $1.32 $1.56 $0.97 $0.59 $2.95
Adjusted Weighted Average Diluted Shares Outstanding		 45.12M 45.41M 45.99M 46.17M 45.60M 43.58M 43.28M 42.48M 41.69M 41.06M 40.79M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 45.33M 45.52M 45.72M 45.53M 44.26M 43.18M 42.84M 41.48M 41.03M 40.58M 37.65M
Normalized Net Operating Profit after Tax (NOPAT)		 52 41 46 87 72 33 79 58 53 37 26
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for TriMas

This table displays calculated financial ratios and metrics derived from TriMas' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - 40,645,671.00 37,652,601.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 40,645,671.00 37,652,601.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 1.77 21.27
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 7.69% -50.99% 5.40% 3.13% -2.54% 8.82% 6.42% 14.25% 17.40% - 10.38%
EBITDA Growth		 8.50% -89.81% 12.98% -12.13% -40.07% 26.05% 34.65% 28.21% 37.99% - 6.42%
EBIT Growth		 8.24% -94.92% 22.18% -11.52% -65.10% -10.92% 78.88% 50.36% 99.88% - 9.42%
NOPAT Growth		 30.07% -95.53% 12.77% 13.30% -68.95% -34.64% 77.26% 31.68% 106.00% - -2,721.63%
Net Income Growth		 23.99% -96.73% 4.68% -0.73% -84.66% -28.97% 141.63% 52.83% 267.59% - 6,347.91%
EPS Growth		 25.00% -56.82% 0.00% 3.85% -85.00% -26.32% 150.00% 51.85% 283.33% - 7,033.33%
Operating Cash Flow Growth		 65.59% 17.97% -138.08% 11.27% -29.80% -11.47% 349.05% 64.76% 65.64% - -310.88%
Free Cash Flow Firm Growth		 -73.31% -163.27% -9.87% 86.77% 80.27% 111.90% 88.56% -119.55% 8.62% - 2,465.03%
Invested Capital Growth		 13.51% 11.06% 6.93% 2.51% 2.56% -0.40% 2.07% 4.15% 2.92% - -49.29%
Revenue Q/Q Growth		 0.92% -10.95% 8.37% 5.90% -4.63% -0.57% 5.97% 13.69% -2.00% - 220.23%
EBITDA Q/Q Growth		 2.55% -28.77% -1.34% 21.92% -30.06% 49.82% 5.40% 16.08% -24.72% - 374.21%
EBIT Q/Q Growth		 16.91% -46.15% -4.79% 47.61% -53.88% 37.45% 91.18% 24.08% -38.70% - 134.15%
NOPAT Q/Q Growth		 46.27% -44.95% -18.81% 73.31% -59.91% 15.87% 120.16% 28.75% -37.28% - -728.83%
Net Income Q/Q Growth		 49.64% -51.85% -35.26% 112.84% -76.87% 122.92% 120.21% 34.62% -44.38% - 880.21%
EPS Q/Q Growth		 53.85% -52.50% -36.84% 125.00% -77.78% 133.33% 114.29% 36.67% -43.90% - 964.68%
Operating Cash Flow Q/Q Growth		 90.18% -2.52% -112.06% 597.56% 19.99% 22.92% -66.06% 229.16% 20.63% - -146.68%
Free Cash Flow Firm Q/Q Growth		 -23.36% 10.43% 35.33% 81.49% -84.03% 154.03% -162.18% -255.12% 23.40% - 614.76%
Invested Capital Q/Q Growth		 -0.04% 0.60% 2.05% -0.12% 0.01% -2.30% 4.59% 1.91% -1.17% - -27.74%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 23.77% 20.60% 23.21% 22.46% 22.54% 18.00% 23.60% 25.37% 24.48% - 21.91%
EBITDA Margin		 16.05% 12.84% 11.69% 13.46% 9.87% 14.87% 14.79% 15.10% 11.60% - 13.39%
Operating Margin		 10.10% 5.55% 5.48% 7.42% 3.61% 3.78% 9.01% 9.87% 6.16% - 4.09%
EBIT Margin		 10.05% 6.07% 5.34% 7.44% 3.60% 4.97% 8.97% 9.79% 6.12% - 4.62%
Profit (Net Income) Margin		 7.01% 3.79% 2.26% 4.55% 1.10% 2.47% 5.14% 6.09% 3.45% - 475.89%
Tax Burden Percent		 83.75% 94.19% 71.49% 86.35% 74.63% 83.06% 72.38% 74.81% 76.73% - 31,528.74%
Interest Burden Percent		 83.29% 66.22% 59.32% 70.82% 41.09% 59.88% 79.15% 83.09% 73.50% - 32.65%
Effective Tax Rate		 16.25% 5.81% 28.51% 13.65% 25.37% 16.94% 27.62% 25.19% 23.27% - 2,137.80%
Return on Invested Capital (ROIC)		 9.28% 4.54% 3.31% 5.36% 2.24% 2.69% 5.49% 6.38% 4.28% - -64.90%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.33% 3.70% 2.40% 4.30% 1.35% 2.31% 4.72% 5.55% 3.45% - -497.14%
Return on Net Nonoperating Assets (RNNOA)		 4.55% 2.01% 1.48% 2.71% 0.82% 1.39% 3.04% 3.45% 2.04% - 101.35%
Return on Equity (ROE)		 13.83% 6.55% 4.79% 8.07% 3.06% 4.08% 8.52% 9.83% 6.32% - 36.44%
Cash Return on Invested Capital (CROIC)		 15.80% -5.41% -1.70% 2.61% 1.33% 3.93% 1.93% 0.32% 2.11% - 69.12%
Operating Return on Assets (OROA)		 8.45% 4.10% 3.60% 4.99% 2.41% 3.45% 6.11% 6.78% 4.43% - 1.66%
Return on Assets (ROA)		 5.89% 2.56% 1.53% 3.05% 0.74% 1.72% 3.50% 4.22% 2.50% - 170.59%
Return on Common Equity (ROCE)		 13.83% 6.55% 4.79% 8.07% 3.06% 4.08% 8.52% 9.83% 6.32% - 36.44%
Return on Equity Simple (ROE_SIMPLE)		 40.78% 0.00% 6.03% 5.99% 3.89% 0.00% 4.59% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)		 20 11 8.89 15 6.18 7.16 16 20 13 -17 -140
NOPAT Margin		 8.46% 5.23% 3.92% 6.41% 2.69% 3.14% 6.52% 7.39% 4.73% - -83.43%
Net Nonoperating Expense Percent (NNEP)		 0.95% 0.83% 0.92% 1.06% 0.89% 0.37% 0.76% 0.83% 0.82% - 432.23%
Return On Investment Capital (ROIC_SIMPLE)		 - 0.98% - - - 0.65% 1.36% 1.72% 1.09% -1.40% -7.46%
Cost of Revenue to Revenue		 76.23% 79.40% 76.79% 77.54% 77.46% 82.00% 76.40% 74.63% 75.52% - 78.09%
SG&A Expenses to Revenue		 13.72% 14.37% 17.73% 15.04% 19.38% 14.10% 16.77% 15.49% 15.28% - 17.82%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Expenses to Revenue		 13.67% 15.05% 17.73% 15.04% 18.93% 14.22% 14.59% 15.50% 18.32% - 17.82%
Earnings before Interest and Taxes (EBIT)		 24 13 12 18 8.25 11 22 27 16 -23 7.78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 38 27 27 32 23 34 36 42 31 -8.22 23
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.51 1.53 1.62 1.54 1.52 1.50 1.38 1.63 2.17 - 0.93
Price to Tangible Book Value (P/TBV)		 7.74 7.54 8.02 7.20 6.96 6.66 6.50 7.10 8.74 - 1.26
Price to Revenue (P/Rev)		 0.92 1.17 1.21 1.14 1.14 1.08 1.01 1.19 1.55 - 2.05
Price to Earnings (P/E)		 3.70 25.82 26.93 25.66 39.09 41.14 30.16 31.17 35.63 - 1.51
Dividend Yield		 0.65% 0.64% 0.60% 0.63% 0.63% 0.65% 0.68% 0.56% 0.41% - 0.45%
Earnings Yield		 27.01% 3.87% 3.71% 3.90% 2.56% 2.43% 3.32% 3.21% 2.81% - 66.42%
Enterprise Value to Invested Capital (EV/IC)		 1.32 1.33 1.38 1.33 1.32 1.31 1.23 1.39 1.74 - 0.83
Enterprise Value to Revenue (EV/Rev)		 1.28 1.61 1.69 1.61 1.61 1.52 1.48 1.64 1.96 - 0.72
Enterprise Value to EBITDA (EV/EBITDA)		 3.92 11.54 11.91 11.87 13.45 12.20 11.17 11.94 13.92 - 4.68
Enterprise Value to EBIT (EV/EBIT)		 4.67 21.69 22.20 22.11 28.62 28.42 23.54 23.44 25.94 - 11.07
Enterprise Value to NOPAT (EV/NOPAT)		 4.93 27.64 28.54 26.47 34.69 37.00 31.27 32.34 35.44 - 15.08
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.02 16.37 20.40 19.15 21.69 22.10 18.17 18.05 19.24 - 5.35
Enterprise Value to Free Cash Flow (EV/FCFF)		 8.88 0.00 0.00 51.62 100.43 33.18 64.46 439.74 83.71 - 0.81
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.65 0.64 0.69 0.69 0.66 0.65 0.69 0.65 0.61 - 0.30
Long-Term Debt to Equity		 0.65 0.64 0.69 0.69 0.66 0.65 0.69 0.65 0.61 - 0.30
Financial Leverage		 0.55 0.54 0.62 0.63 0.61 0.60 0.64 0.62 0.59 - -0.20
Leverage Ratio		 2.02 1.98 2.03 2.03 2.00 1.97 2.03 2.02 1.99 - 1.73
Compound Leverage Factor		 1.68 1.31 1.20 1.44 0.82 1.18 1.61 1.68 1.46 - 0.56
Debt to Total Capital		 39.28% 38.93% 40.74% 40.67% 39.65% 39.45% 40.88% 39.41% 38.05% - 22.96%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% - 0.00%
Long-Term Debt to Total Capital		 39.28% 38.93% 40.74% 40.67% 39.64% 39.45% 40.88% 39.41% 38.05% - 22.96%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 60.72% 61.07% 59.26% 59.33% 60.35% 60.55% 59.12% 60.60% 61.95% - 77.04%
Debt to EBITDA		 1.21 3.48 3.61 3.75 4.14 3.77 3.81 3.48 3.13 - 4.25
Net Debt to EBITDA		 1.11 3.20 3.38 3.47 3.89 3.57 3.55 3.25 2.89 - -8.63
Long-Term Debt to EBITDA		 1.21 3.48 3.61 3.75 4.14 3.77 3.81 3.48 3.13 - 4.25
Debt to NOPAT		 1.51 8.34 8.66 8.36 10.66 11.41 10.66 9.41 7.96 - 13.70
Net Debt to NOPAT		 1.39 7.67 8.09 7.73 10.02 10.81 9.92 8.80 7.36 - -27.82
Long-Term Debt to NOPAT		 1.51 8.34 8.66 8.36 10.66 11.41 10.66 9.41 7.96 - 13.70
Altman Z-Score		 2.02 1.86 1.89 1.88 1.86 1.90 1.82 1.99 2.38 - 2.48
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.59 2.49 2.73 2.82 2.83 2.68 2.82 2.59 2.68 - 4.85
Quick Ratio		 1.27 1.15 1.23 1.31 1.24 1.18 1.31 1.24 1.25 - 4.39
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -108 -97 -63 -12 -21 12 -7.18 -25 -20 -81 416
Operating Cash Flow to CapEx		 313.49% 158.91% -27.85% 169.06% 185.59% 180.77% 71.02% 177.52% 266.93% - -371.26%
Free Cash Flow to Firm to Interest Expense		 -27.41 -22.55 -12.72 -2.22 -4.40 2.54 -1.59 -5.60 -4.47 - 79.37
Operating Cash Flow to Interest Expense		 7.94 7.11 -0.75 3.52 4.53 5.95 2.03 6.65 8.35 - -3.70
Operating Cash Flow Less CapEx to Interest Expense		 5.41 2.64 -3.44 1.44 2.09 2.66 -0.83 2.90 5.22 - -4.69
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.84 0.68 0.67 0.67 0.67 0.69 0.68 0.69 0.72 - 0.36
Accounts Receivable Turnover		 7.21 6.37 5.80 5.46 5.51 5.91 5.42 5.22 5.71 - 4.23
Inventory Turnover		 3.84 3.89 3.70 3.61 3.56 3.61 3.46 3.55 3.54 - 3.09
Fixed Asset Turnover		 3.78 2.94 2.89 2.82 2.81 2.85 2.87 2.92 3.03 - 2.34
Accounts Payable Turnover		 7.82 7.82 8.32 8.10 8.69 7.93 8.68 7.80 9.12 - 2.93
Days Sales Outstanding (DSO)		 50.64 57.27 62.95 66.89 66.25 61.72 67.30 69.98 63.97 - 86.20
Days Inventory Outstanding (DIO)		 95.06 93.81 98.71 101.01 102.58 101.03 105.45 102.95 103.20 - 118.13
Days Payable Outstanding (DPO)		 46.69 46.70 43.88 45.05 42.03 46.02 42.07 46.78 40.04 - 124.58
Cash Conversion Cycle (CCC)		 99.01 104.38 117.79 122.86 126.80 116.73 130.68 126.15 127.12 - 79.74
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,077 1,083 1,106 1,104 1,104 1,079 1,129 1,150 1,137 792 572
Invested Capital Turnover		 1.10 0.87 0.85 0.84 0.83 0.86 0.84 0.86 0.90 - 0.78
Increase / (Decrease) in Invested Capital		 128 108 72 27 28 -4.38 23 46 32 64 -556
Enterprise Value (EV)		 1,421 1,443 1,526 1,468 1,459 1,409 1,393 1,598 1,982 - 476
Market Capitalization		 1,019 1,042 1,093 1,039 1,038 998 951 1,163 1,570 - 1,353
Book Value per Share		 $16.29 $16.49 $16.41 $16.59 $16.80 $16.45 $16.92 $17.60 $17.84 $17.36 $38.50
Tangible Book Value per Share		 $3.18 $3.34 $3.32 $3.54 $3.67 $3.69 $3.60 $4.03 $4.42 $8.09 $28.61
Total Capital		 1,112 1,118 1,136 1,139 1,131 1,102 1,161 1,180 1,170 1,207 1,882
Total Debt		 437 435 463 463 449 435 475 465 445 501 432
Total Long-Term Debt		 437 435 463 463 449 435 475 465 445 501 432
Net Debt		 402 400 432 428 422 412 442 435 412 471 -878
Capital Expenditures (CapEx)		 10 19 13 11 12 15 13 17 14 4.70 5.22
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 215 203 240 248 255 244 267 270 269 249 -47
Debt-free Net Working Capital (DFNWC)		 250 238 271 283 281 267 300 300 303 279 1,262
Net Working Capital (NWC)		 250 238 271 283 281 267 300 300 303 279 1,262
Net Nonoperating Expense (NNE)		 3.41 3.01 3.75 4.47 3.65 1.52 3.34 3.58 3.43 -99 -941
Net Nonoperating Obligations (NNO)		 402 400 432 428 422 412 442 435 412 86 -878
Total Depreciation and Amortization (D&A)		 14 14 14 14 14 23 14 15 15 15 15
Debt-free, Cash-free Net Working Capital to Revenue		 19.36% 22.72% 26.57% 27.20% 28.08% 26.39% 28.45% 27.73% 26.58% - -7.13%
Debt-free Net Working Capital to Revenue		 22.48% 26.63% 29.93% 31.04% 31.05% 28.89% 31.93% 30.84% 29.90% - 190.83%
Net Working Capital to Revenue		 22.48% 26.63% 29.93% 31.04% 31.04% 28.89% 31.93% 30.84% 29.90% - 190.83%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.40 $0.18 $0.13 $0.27 $0.06 $0.14 $0.31 $0.41 $0.23 $2.02 $21.40
Adjusted Weighted Average Basic Shares Outstanding		 41.43M 41.44M 41.02M 40.70M 40.61M 40.73M 40.61M 40.65M 40.65M 40.38M 37.43M
Adjusted Diluted Earnings per Share		 $0.40 $0.19 $0.12 $0.27 $0.06 $0.14 $0.30 $0.41 $0.23 $2.01 $21.40
Adjusted Weighted Average Diluted Shares Outstanding		 41.67M 41.69M 41.32M 41.00M 40.95M 41.06M 40.97M 40.93M 41.11M 40.79M 37.43M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 82.83M 41.03M 81.47M 81.29M 40.57M 40.58M 40.65M 40.64M 40.65M 37.65M 35.83M
Normalized Net Operating Profit after Tax (NOPAT)		 20 12 8.89 15 5.40 7.38 12 20 19 -22 4.82
Normalized NOPAT Margin		 8.41% 5.87% 3.92% 6.41% 2.36% 3.24% 4.94% 7.39% 7.06% - 2.86%
Pre Tax Income Margin		 8.37% 4.02% 3.17% 5.27% 1.48% 2.98% 7.10% 8.13% 4.50% - 1.51%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 5.98 2.96 2.46 3.43 1.70 2.49 4.80 5.91 3.77 - 1.48
NOPAT to Interest Expense		 5.04 2.55 1.80 2.95 1.27 1.57 3.49 4.46 2.91 - -26.79
EBIT Less CapEx to Interest Expense		 3.45 -1.52 -0.23 1.35 -0.74 -0.80 1.93 2.17 0.65 - 0.49
NOPAT Less CapEx to Interest Expense		 2.50 -1.93 -0.88 0.87 -1.17 -1.72 0.62 0.72 -0.22 - -27.79
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 2.44% 16.60% 16.51% 16.49% 25.08% 27.34% 20.87% 17.66% 14.97% - 0.71%
Augmented Payout Ratio		 9.82% 63.13% 69.97% 72.13% 118.12% 106.80% 41.20% 30.21% 20.10% - 18.04%

Financials Breakdown Chart

Key Financial Trends

TriMas (NASDAQ: TRS) showed a sharp rebound in Q1 2026, but the headline numbers are heavily distorted by a large discontinued-operations gain. The company reported very strong reported net income, yet continuing operations remained weak and operating cash flow was negative. Looking across the last four years, TriMas appears to have improved from the more pressured 2022-2024 period, but the business still looks cyclical, leverage remains meaningful, and quarter-to-quarter results can be volatile.

What stands out most in Q1 2026:

  • Reported net income jumped to $800.8 million, helped by $852.6 million from discontinued operations.
  • Continuing operations were still a loss of $51.8 million, which suggests the core business was not yet truly profitable on a bottom-line basis.
  • Operating cash flow was negative $19.4 million in Q1 2026, down from $41.5 million positive in Q4 2025.
  • The balance sheet strengthened materially, with cash rising to $1.31 billion from $33.6 million in Q3 2025, largely reflecting divestiture-related proceeds.
  • Total equity rose to $1.45 billion, while total liabilities were $847.3 million, leaving the company with a larger equity cushion than in prior periods.
  • Quarterly revenue grew to $168.3 million from $139.97 million in Q4 2025, showing a rebound in sales after a weaker prior quarter.
  • Gross margin improved versus Q4 2025, with gross profit at $36.9 million on revenue of $168.3 million.
  • Debt remained substantial, with $396.6 million of long-term debt and $35.5 million of capital lease obligations.
  • The company repaid $305.9 million of debt in the quarter, while also issuing $233.0 million, indicating active balance-sheet management.
  • Income tax expense was very large at $54.3 million despite only $2.5 million of pre-tax income from continuing operations, reflecting unusual tax dynamics in the quarter.

Longer-term trends over the last four years show a company that has generally grown revenue and improved profitability from the weaker 2022 period, though with some noise from acquisitions, divestitures, and special charges.

On the income statement, TriMas generated quarterly revenue in the $150 million to $275 million range over the period shown. The business was under more pressure in 2023 and early 2024, with operating margins and net income generally modest. By late 2024 and into 2025, performance improved meaningfully: Q4 2025 revenue was $139.97 million with reported net income of $81.7 million, and Q1 2026 revenue rebounded to $168.3 million. Still, the underlying continuing operations in Q1 2026 were negative, so the latest headline profit should be viewed cautiously.

Profitability has also been uneven. Gross margin in Q1 2026 was about 21.9% ($36.9 million gross profit on $168.3 million revenue), which is decent but not especially strong for a manufacturer. Selling, general and administrative expense remains a large fixed cost, and interest expense continues to consume a meaningful portion of operating income. That means TriMas likely needs sustained revenue growth and better operating leverage to produce consistently strong earnings from core operations.

Cash flow was one of the more concerning areas historically, but it has improved at times. In 2024 and 2025, operating cash flow was often positive, including $41.5 million in Q4 2025 and $36.5 million in Q3 2025. However, Q1 2026 swung to negative operating cash flow, which is a reminder that working-capital swings can quickly affect results. The company also continues to spend on capital expenditures, though capex appears manageable relative to its size.

The balance sheet shows both strengths and risks. On the positive side, the Q1 2026 cash balance is very large, and equity expanded significantly. On the negative side, TriMas still carries a meaningful amount of debt, and the company has a history of using borrowing and asset sales to manage capital needs. That makes debt reduction and sustained free cash flow important for investors to watch.

Bottom line: TriMas appears to be in better financial shape than it was a couple of years ago, and the recent balance-sheet improvement is notable. But the latest quarter was boosted by one-time items, and the core business still looks uneven. For retail investors, the key question is whether TriMas can convert its larger cash position and improved scale into steady earnings and positive operating cash flow from continuing operations.

06/04/26 12:13 AM ETAI Generated. May Contain Errors.

TriMas Financials - Frequently Asked Questions

According to the most recent income statement we have on file, TriMas' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

TriMas' net income appears to be on an upward trend, with a most recent value of $120.14 million in 2025, falling from -$33.40 million in 2015. The previous period was $24.25 million in 2024. Find out what analysts predict for TriMas in the coming months.

TriMas' total operating income in 2025 was $41.30 million, based on the following breakdown:
  • Total Gross Profit: $138.16 million
  • Total Operating Expenses: $124.63 million

Over the last 10 years, TriMas' total revenue changed from $863.98 million in 2015 to $645.72 million in 2025, a change of -25.3%.

TriMas' total liabilities were at $779.49 million at the end of 2025, a 18.7% increase from 2024, and a 25.1% increase since 2015.

In the past 10 years, TriMas' cash and equivalents has ranged from $19.45 million in 2015 to $172.47 million in 2019, and is currently $30.02 million as of their latest financial filing in 2025.

Over the last 10 years, TriMas' book value per share changed from 12.08 in 2015 to 17.36 in 2025, a change of 43.7%.


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Financial statements for NASDAQ:TRS last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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