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TRS

TriMas Corporation

TRS

TriMas Corporation • NASDAQ
$34.07 ▲ 0.21% (+0.07)
Market Cap $1.38 B
52w High $40.34
52w Low $19.33
Dividend Yield 0.16%
P/E 31.55
Volume 336.05K
Outstanding Shares 40.65M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $269.26M ▼ $37.31M ▼ $9.3M ▼ 3.454% ▼ $0.23 ▼ $49.15M ▲
Q2-2025 $274.76M ▲ $38.78M ▲ $16.72M ▲ 6.085% ▲ $0.41 ▲ $41.26M ▲
Q1-2025 $241.67M ▲ $36.89M ▲ $12.42M ▲ 5.139% ▲ $0.31 ▲ $35.51M ▲
Q4-2024 $228.05M ▼ $23M ▼ $5.64M ▲ 2.473% ▲ $0.14 ▲ $33.68M ▲
Q3-2024 $229.36M $40.78M $2.53M 1.103% $0.062 $22.4M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $33.64M ▲ $1.434B ▼ $708.84M ▼ $725.04M ▲
Q2-2025 $30.28M ▼ $1.445B ▲ $730.13M ▲ $715.27M ▲
Q1-2025 $32.71M ▲ $1.394B ▲ $707.18M ▲ $686.57M ▲
Q4-2024 $23.07M ▼ $1.324B ▼ $656.88M ▼ $667.3M ▼
Q3-2024 $26.91M $1.368B $685.08M $682.75M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $9.3M ▼ $36.49M ▲ $-13.64M ▲ $-19.49M ▼ $3.36M ▲ $22.82M ▲
Q2-2025 $16.72M ▲ $30.25M ▲ $-16.35M ▲ $-16.33M ▼ $-2.43M ▼ $13.21M ▲
Q1-2025 $12.42M ▲ $9.19M ▼ $-29.61M ▼ $30.06M ▲ $9.64M ▲ $-3.75M ▼
Q4-2024 $5.64M ▲ $27.08M ▲ $-15.08M ▼ $-15.84M ▲ $-3.84M ▲ $12.1M ▲
Q3-2024 $2.53M $22.03M $-8M $-22.13M $-8.1M $10.16M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Aerospace Reportable Segment
Aerospace Reportable Segment
 $80.00M ▲$90.00M ▲$100.00M ▲$100.00M ▲
Packaging Reportable Segment
Packaging Reportable Segment
 $120.00M ▲$130.00M ▲$140.00M ▲$140.00M ▲
Specialty Products Reportable Segment
Specialty Products Reportable Segment
 $30.00M ▲$20.00M ▼$30.00M ▲$30.00M ▲

Five-Year Company Overview

Income Statement

Income Statement TriMas has grown its sales steadily over the past five years, but profits have been more volatile. After a clear rebound from the 2020 downturn, profitability peaked around 2021–2022 and has softened since then. Recent years show that while the company is still earning money, its margins are under pressure, and earnings per share are noticeably lower than the earlier recovery period. This suggests the business is finding growth, but at the cost of some profitability, likely reflecting input cost pressures, pricing dynamics, or mix shifts across its segments.

Balance Sheet

Balance Sheet The balance sheet looks generally solid and relatively stable. Total assets and shareholder equity have edged up over time, which indicates gradual strengthening of the company’s capital base. Debt levels have stayed broadly flat, so leverage has not been rising, which is a positive from a risk perspective. The main watchpoint is that cash on hand has come down compared with earlier years, which means the immediate financial cushion is thinner and leaves less room for surprise shocks without tapping credit or other funding sources.

Cash Flow

Cash Flow TriMas consistently generates positive cash flow from its operations, which is a healthy sign that its earnings are supported by real cash. Free cash flow is also positive but has narrowed in the most recent years, leaving a thinner buffer after investment spending. Capital spending has been fairly steady, implying the company is continuing to invest in its facilities and capabilities. The trade-off is that with softer operating cash flow and ongoing investment, there is less excess cash left over for debt reduction, acquisitions, or shareholder returns than in the stronger years.

Competitive Edge

Competitive Edge TriMas holds strong positions in narrow, specialized niches rather than competing head‑to‑head across broad commodity markets. In packaging, recognized brands and customized dispensing solutions give it sticky customer relationships. In aerospace, highly engineered, certified fasteners and long qualification cycles create high switching costs and durable contracts. Operational discipline, a global manufacturing footprint, and targeted acquisitions further reinforce its standing. The flip side is exposure to cyclical end markets like consumer goods and aerospace, and competition from larger players who may pressure pricing or compress margins in weaker demand periods.

Innovation and R&D

Innovation and R&D Innovation is a clear pillar of TriMas’s strategy. In packaging, it is pushing recyclable, all‑plastic pumps and other eco‑focused designs that align with rising sustainability demands. In aerospace, it offers branded, specialty fasteners tailored for advanced materials and automated assembly, positioning it well as aircraft production modernizes. The company is also investing in automation and new facilities, particularly in Asia, and exploring growth in life sciences components. The key questions are execution and payback: how quickly these innovations translate into higher-margin sales and whether the company can maintain its technological edge as competitors also invest.

Summary

Overall, TriMas shows a picture of steady revenue growth, a sound but less liquid balance sheet, and reliable—though recently tighter—cash generation. Its strength lies in defensible niches, proprietary products, and a clear innovation and sustainability agenda, especially in packaging and aerospace. At the same time, recent margin compression, lower earnings than in the post‑pandemic rebound, and a smaller cash cushion highlight areas to watch. Future performance will likely hinge on the company’s ability to convert its innovation pipeline and acquisitions into stronger, more stable profitability while navigating the cyclicality of its end markets.

NEWS

November 14, 2025 · 8:30 AM UTC

TriMas Announces Increased Share Repurchase Authorization to $150 Million

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November 4, 2025 · 2:17 PM UTC

PennAero and Tinicum Announce Acquisition of TriMas Aerospace

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November 4, 2025 · 8:45 AM UTC

TriMas Enters Into Agreement to Sell TriMas Aerospace for $1.45 Billion

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October 28, 2025 · 8:00 AM UTC

TriMas Reports Third Quarter 2025 Results

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October 23, 2025 · 9:00 AM UTC

TriMas Declares Quarterly Dividend

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