TRIMAS CORP TRS
TriMas designs, develops and manufactures a diverse portfolio of products primarily for the consumer products, aerospace and defense, and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. We believe our businesses share important attributes, including: innovative product technologies and features; customer-approved processes and qualified products; demonstrated operating discipline; strong cash generation; long-term growth opportunities; and a commitment to sustainability. Headquartered in Bloomfield Hills, Michigan, TriMas, including our Aerospace operations, has approximately 3,700 employees who serve our customers from 37 manufacturing and support locations in 13 countries.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $645.7M | $630.8M | $652.1M | $883.8M | $857.1M | $770.0M | $723.5M | $705.0M | $656.2M | $794.0M |
| Cost of revenue | $507.6M | $501.3M | $498.9M | $675.5M | $639.9M | $587.9M | $529.6M | $504.9M | $466.9M | $583.2M |
| Gross profit | $138.2M | $129.5M | $153.3M | $208.3M | $217.2M | $182.1M | $193.9M | $200.1M | $189.3M | $210.8M |
| SG&A | $129.3M | $109.7M | $102.5M | $131.2M | $122.0M | $134.5M | $102.5M | $91.2M | $99.9M | $152.0M |
| Operating income | $41.3M | $15.2M | $50.7M | $99.1M | $95.1M | -$88.3M | $91.2M | $108.8M | $92.7M | -$41.9M |
| Interest expense | $18.0M | $19.6M | $15.9M | $14.1M | $14.5M | $14.7M | $13.9M | $13.9M | $14.4M | $13.7M |
| Pre-tax income | $24.3M | -$4.2M | $35.9M | $87.7M | $69.1M | -$102.7M | $78.3M | $92.4M | $69.9M | -$58.2M |
| Income tax | $48.0M | $2.2M | $6.3M | $21.5M | $11.8M | $22.9M | $16.3M | $18.6M | $33.9M | $18.4M |
| Net income | $120.1M | $24.2M | $40.4M | $66.2M | $57.3M | -$79.8M | $98.6M | $83.3M | $31.0M | -$39.8M |
| EPS, basic | 2.97 | 0.60 | 0.97 | 1.57 | 1.33 | -1.83 | 2.18 | 1.82 | 0.68 | -0.88 |
| EPS, diluted | 2.95 | 0.60 | 0.97 | 1.56 | 1.32 | -1.83 | 2.16 | 1.80 | 0.67 | -0.88 |
| Shares, diluted (wtd. avg.) | $40.8M | $40.7M | $41.7M | $42.5M | $43.3M | $43.6M | $45.6M | $46.2M | $46.0M | $45.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $30.0M | $23.1M | $34.9M | $112.1M | $140.7M | $74.0M | $172.5M | $108.2M | $27.6M | $20.7M |
| Receivables | $111.3M | $115.6M | $148.0M | $132.4M | $125.6M | $113.4M | $108.9M | $97.2M | $112.2M | $111.6M |
| Inventory | $108.7M | $110.4M | $192.4M | $163.4M | $152.4M | $149.4M | $132.7M | $127.2M | $155.3M | $160.5M |
| Total current assets | $462.7M | $426.6M | $397.4M | $422.7M | $431.8M | $351.8M | $434.0M | $411.8M | $311.3M | $308.8M |
| Property, plant and equipment | $247.5M | $237.7M | $330.0M | $277.8M | $265.6M | $253.1M | $214.3M | $171.9M | $190.2M | $179.2M |
| Goodwill | $300.3M | $287.1M | $293.9M | $339.8M | $315.5M | $304.0M | $334.6M | $316.6M | $319.4M | $315.1M |
| Other intangibles | $76.5M | $78.4M | $181.0M | $188.1M | $196.7M | $206.2M | $161.4M | $167.9M | $194.2M | $213.9M |
| Total assets | $1.49B | $1.32B | $1.34B | $1.30B | $1.30B | $1.19B | $1.19B | $1.10B | $1.03B | $1.05B |
| Accounts payable | $72.3M | $72.3M | $91.9M | $85.2M | $87.8M | $69.9M | $72.7M | $67.4M | $72.4M | $72.3M |
| Short-term debt | — | — | — | — | — | — | — | — | $0 | $13.8M |
| Total current liabilities | $183.7M | $159.4M | $159.4M | $140.2M | $154.9M | $137.2M | $119.8M | $141.7M | $121.9M | $133.3M |
| Long-term debt | $472.8M | $401.5M | $400.0M | $400.0M | $400.0M | $350.4M | $300.0M | $300.0M | $310.8M | $379.4M |
| Total liabilities | $779.5M | $656.9M | $658.7M | $653.2M | $672.8M | $609.6M | $495.2M | $480.1M | $489.2M | $551.9M |
| Retained earnings | $127.4M | $21.7M | $4.2M | -$36.1M | -$102.3M | -$159.6M | -$79.8M | -$179.7M | -$263.0M | -$293.9M |
| Total equity | $705.6M | $667.3M | $683.0M | $651.8M | $630.9M | $584.2M | $697.5M | $620.5M | $544.0M | $499.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $117.5M | $63.8M | $88.2M | $72.6M | $134.2M | $127.4M | $75.6M | $129.3M | $120.1M | $80.5M |
| Depreciation and amortisation | $39.7M | $48.1M | $39.4M | $53.2M | $53.5M | $49.8M | $43.5M | $40.5M | $40.3M | $44.9M |
| Stock-based compensation | $11.5M | $7.0M | $9.7M | $9.8M | $9.5M | $8.2M | $6.5M | $7.2M | $6.8M | $6.9M |
| Capital expenditure | $48.4M | $51.0M | $54.2M | $46.0M | $45.1M | $40.5M | $29.7M | $23.4M | $33.7M | $31.3M |
| Investing cash flow | -$64.0M | -$47.0M | -$134.4M | -$55.0M | -$79.2M | -$232.1M | $29.1M | -$24.8M | -$32.4M | -$31.1M |
| Financing cash flow | -$46.5M | -$28.6M | -$30.9M | -$46.2M | $11.8M | $6.1M | -$40.4M | -$23.9M | -$80.8M | -$48.1M |
| Dividends paid | $6.6M | $6.6M | $6.7M | $6.9M | $1.7M | $0 | $0 | — | — | — |
| Buybacks | $103.3M | $19.3M | $18.8M | $36.9M | $19.1M | $39.4M | $36.7M | $12.1M | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000842633-26-000012.
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