A Business at a Glance
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TRIMAS CORP
TRS
$1.6B
Mkt Cap
$40.03
-0.47%
TRIMAS CORP (TRS) has a current P/E ratio of 13.6, compared to its historical median P/E of 21.7. The stock is currently considered Fair based on its historical valuation range.
TRIMAS CORP (TRS) has a 5-year average return on invested capital (ROIC) of 5.2%. This is below average and may indicate limited pricing power.
TRIMAS CORP (TRS) has a market capitalization of $1.5B. It is classified as a small-cap stock.
Yes, TRIMAS CORP (TRS) pays a dividend with a trailing twelve-month yield of 0.45%. The company also returns capital through share buybacks, with a buyback yield of 10.82%.
Based on historical P/E analysis, TRIMAS CORP (TRS) appears fair. The current P/E of 13.6 is 37% below its historical median of 21.7. The estimated fair value CAGR (P/E method) is -5.0%.
TRIMAS CORP (TRS) operates in the Metal Forgings & Stampings industry, within the Industrials sector.
TRIMAS CORP (TRS) reported annual revenue of $646 million in its most recent fiscal year, based on SEC EDGAR filings.
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. On November 4, 2025, we entered into an Equity Purchase Agreement (the “Purchase Agreement”) with Takeoff Buyer, Inc. (the “Purchaser”), an affiliate of Tinicum L.P. and funds managed by Blackstone, Inc., to sell TriMas Aerospace.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 572M | 646M | 631M | 652M | 884M | 857M |
| Net Income | 909M | 120M | 24M | 40M | 66M | 57M |
| EPS | $24.85 | $2.95 | $0.60 | $0.97 | $1.56 | $1.32 |
| Free Cash Flow | 48M | 69M | 13M | 34M | 27M | 89M |
| ROIC | 49.2% | 3.7% | 1.4% | 4.1% | 8.0% | 8.8% |
| Gross Margin | 20.6% | 21.4% | 20.5% | 23.5% | 23.6% | 25.3% |
| Debt/Equity | 0.27 | 0.71 | 0.65 | 0.65 | 0.68 | 0.71 |
| Dividends/Share | $0.18 | $0.16 | $0.16 | $0.16 | $0.16 | $0.04 |
| Operating Income | 26M | 41M | 15M | 51M | 99M | 95M |
| Operating Margin | 4.6% | 6.4% | 2.4% | 7.8% | 11.2% | 11.1% |
| ROE | 62.7% | 17.5% | 3.6% | 6.0% | 10.3% | 9.4% |
| Shares Outstanding | 36M | 41M | 40M | 42M | 42M | 43M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 887M | 864M | 794M | 656M | 705M | 724M | 770M | 857M | 884M | 652M | 631M | 646M | 572M |
| Gross Margin | 26.7% | 27.3% | 26.5% | 28.8% | 28.4% | 26.8% | 23.6% | 25.3% | 23.6% | 23.5% | 20.5% | 21.4% | 20.6% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 147M | 162M | 152M | 100M | 91M | 103M | 134M | 122M | 131M | 102M | 110M | 129M | 119M |
| EBIT | 87M | -4.3M | -42M | 93M | 109M | 91M | -88M | 95M | 99M | 51M | 15M | 41M | 26M |
| Op. Margin | 9.8% | -0.5% | -5.3% | 14.1% | 15.4% | 12.6% | -11.5% | 11.1% | 11.2% | 7.8% | 2.4% | 6.4% | 4.6% |
| Net Income | 68M | -33M | -40M | 31M | 83M | 99M | -80M | 57M | 66M | 40M | 24M | 120M | 909M |
| Net Margin | 7.7% | -3.9% | -5.0% | 4.7% | 11.8% | 13.6% | -10.4% | 6.7% | 7.5% | 6.2% | 3.8% | 18.6% | 158.7% |
| Non-Recurring | -3.8M | 72M | 58M | 3.3M | -90K | -150K | 126M | -130K | 22M | -180K | 1.0M | 4.7M | 4.7M |
| Returns on Capital | |||||||||||||
| ROIC | 5.8% | -0.4% | -4.4% | 6.6% | 10.7% | 8.7% | -8.3% | 8.8% | 8.0% | 4.1% | 1.4% | 3.7% | 49.2% |
| ROE | 12.0% | -5.9% | -7.6% | 5.9% | 14.3% | 15.0% | -12.4% | 9.4% | 10.3% | 6.0% | 3.6% | 17.5% | 62.7% |
| ROA | 4.7% | -2.4% | -3.6% | 3.0% | 7.8% | 8.6% | -6.7% | 4.6% | 5.1% | 3.0% | 1.8% | 8.6% | 39.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 123M | 63M | 80M | 120M | 129M | 76M | 127M | 134M | 73M | 88M | 64M | 117M | 89M |
| Free Cash Flow | 100M | 34M | 49M | 86M | 106M | 46M | 87M | 89M | 27M | 34M | 13M | 69M | 48M |
| Owner Earnings | 79M | 13M | 29M | 73M | 82M | 26M | 69M | 71M | 9.5M | 21M | -8.1M | 49M | -196M |
| CapEx | 23M | 29M | 31M | 34M | 23M | 30M | 40M | 45M | 46M | 54M | 51M | 48M | 41M |
| Maint. CapEx | 37M | 44M | 45M | 40M | 40M | 44M | 50M | 53M | 53M | 58M | 65M | 57M | 273M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 37M | 44M | 45M | 40M | 40M | 44M | 50M | 53M | 53M | 58M | 65M | 57M | 273M |
| CapEx/OCF | 18.6% | 45.8% | 38.9% | 30.7% | 18.1% | 39.2% | 31.8% | 33.6% | 63.3% | 61.5% | 79.9% | 41.2% | 45.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.7M | 6.9M | 6.7M | 6.6M | 6.6M | 6.5M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.1% | 0.6% | 0.6% | 0.6% | 0.5% | 0.4% |
| Share Buybacks | 0 | 0 | 0 | 0 | 12M | 37M | 39M | 19M | 37M | 19M | 19M | 103M | 157M |
| Buyback Yield | N/A | N/A | N/A | N/A | 1.0% | 2.6% | 2.9% | 1.3% | 3.2% | 1.8% | 2.0% | 7.0% | 10.8% |
| Stock-Based Comp | 7.1M | 6.3M | 6.9M | 6.8M | 7.2M | 6.5M | 8.2M | 9.5M | 9.8M | 9.7M | 7.0M | 12M | 12M |
| Debt Repayment | 8.9M | 445M | 14M | 258M | 0 | 0 | 0 | 14M | 0 | 0 | 0 | 1.3M | 1.3M |
| Balance Sheet | |||||||||||||
| Net Debt | 606M | 400M | 354M | 276M | 185M | 150M | 311M | 305M | 332M | 407M | 410M | 474M | -912M |
| Cash & Equiv. | 24M | 19M | 21M | 28M | 108M | 172M | 74M | 141M | 112M | 35M | 23M | 30M | 1.3B |
| Long-Term Debt | 607M | 406M | 361M | 303M | 294M | 295M | 346M | 394M | 395M | 396M | 398M | 469M | 397M |
| Debt/Equity | 1.07 | 0.77 | 0.75 | 0.56 | 0.47 | 0.46 | 0.66 | 0.71 | 0.68 | 0.65 | 0.65 | 0.71 | 0.27 |
| Interest Coverage | 9.0 | -0.3 | -3.1 | 6.4 | 7.8 | 6.5 | -6.0 | 6.6 | 7.0 | 3.2 | 0.8 | 2.3 | 660.3 |
| Equity | 591M | 547M | 500M | 544M | 620M | 697M | 584M | 631M | 652M | 683M | 667M | 706M | 1.4B |
| Total Assets | 1.6B | 1.2B | 1.1B | 1.0B | 1.1B | 1.2B | 1.2B | 1.3B | 1.3B | 1.3B | 1.3B | 1.5B | 2.3B |
| Total Liabilities | 1.0B | 623M | 552M | 489M | 480M | 495M | 610M | 673M | 653M | 659M | 657M | 779M | 847M |
| Intangibles | 297M | 274M | 214M | 194M | 168M | 161M | 206M | 197M | 188M | 181M | 78M | 77M | 75M |
| Retained Earnings | -227M | -254M | -294M | -263M | -180M | -80M | -160M | -102M | -36M | 4.2M | 22M | 127M | 917M |
| Working Capital | 223M | 174M | 176M | 189M | 270M | 314M | 215M | 277M | 283M | 238M | 267M | 279M | 1.3B |
| Current Assets | 530M | 327M | 309M | 311M | 412M | 434M | 352M | 432M | 423M | 397M | 427M | 463M | 1.6B |
| Current Liabilities | 307M | 153M | 133M | 122M | 142M | 120M | 137M | 155M | 140M | 159M | 159M | 184M | 328M |
| Per Share Data | |||||||||||||
| EPS | 1.51 | -0.74 | -0.88 | 0.67 | 1.80 | 2.16 | -1.83 | 1.32 | 1.56 | 0.97 | 0.60 | 2.95 | 24.85 |
| Owner EPS | 1.74 | 0.28 | 0.63 | 1.58 | 1.76 | 0.56 | 1.59 | 1.64 | 0.22 | 0.50 | -0.20 | 1.20 | -5.39 |
| Book Value | 13.03 | 12.12 | 11.05 | 11.77 | 13.41 | 15.28 | 13.40 | 14.53 | 15.37 | 16.41 | 16.51 | 17.33 | 39.90 |
| Cash Flow/Share | 2.72 | 1.39 | 1.78 | 2.60 | 2.79 | 1.66 | 2.92 | 3.09 | 1.71 | 2.12 | 1.58 | 2.88 | 32.52 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 | 0.04 | 0.16 | 0.16 | 0.16 | 0.16 | 0.18 |
| Shares Out. | 45.3M | 45.1M | 45.2M | 46.2M | 46.3M | 45.7M | 43.6M | 43.4M | 42.4M | 41.6M | 40.4M | 40.7M | 36.3M |
| Valuation | |||||||||||||
| P/E Ratio | 16.3 | N/A | N/A | 39.1 | 14.6 | 14.1 | N/A | 26.5 | 17.3 | 26.0 | 40.6 | 12.2 | 1.6 |
| P/FCF | 11.1 | 24.7 | 21.1 | 14.0 | 11.5 | 30.2 | 15.8 | 17.0 | 42.9 | 30.9 | 76.9 | 21.3 | 30.1 |
| EV/EBIT | 19.9 | N/A | N/A | 16.4 | 11.9 | 14.7 | N/A | 17.2 | 13.3 | 21.0 | 88.2 | 45.5 | 20.5 |
| Price/Book | 1.9 | 1.5 | 2.1 | 2.2 | 2.0 | 2.0 | 2.3 | 2.4 | 1.8 | 1.5 | 1.5 | 2.1 | 1.0 |
| Price/Sales | 1.3 | 1.1 | 1.0 | 1.3 | 1.8 | 1.9 | 1.4 | 1.6 | 1.4 | 1.2 | 1.6 | 1.9 | 2.5 |
| FCF Yield | 9.0% | 4.0% | 4.7% | 7.1% | 8.7% | 3.3% | 6.3% | 5.9% | 2.3% | 3.2% | 1.3% | 4.7% | 3.3% |
| Market Cap | 1.1B | 838M | 1.0B | 1.2B | 1.2B | 1.4B | 1.4B | 1.5B | 1.1B | 1.1B | 986M | 1.5B | 1.5B |
| Avg. Price | 25.74 | 21.07 | 17.83 | 22.92 | 27.54 | 29.53 | 24.84 | 31.60 | 28.59 | 26.18 | 25.39 | 29.59 | 40.03 |
| Year-End Price | 24.66 | 18.57 | 22.94 | 26.20 | 26.36 | 30.41 | 31.47 | 34.98 | 26.93 | 25.26 | 24.39 | 36.10 | 40.03 |
TRIMAS CORP passes 3 of 9 quality checks, indicating weak fundamentals.
TRIMAS CORP trades at 13.6x trailing earnings, compared to its 15-year median P/E of 21.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 21.8x vs a median of 21.2x. The company's 5-year average ROIC is 5.2% with a gross margin of 22.9%. Total shareholder yield (dividends + buybacks) is 11.3%. At current prices, the estimated annualized return to fair value is -16.2%.
TRIMAS CORP (TRS) has a net profit margin of 18.6%. This is a healthy margin.
TRIMAS CORP (TRS) generated $69 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TRIMAS CORP (TRS) has a debt-to-equity ratio of 0.71. This indicates moderate leverage.
TRIMAS CORP (TRS) reported earnings per share (EPS) of $2.95 in its most recent fiscal year.
TRIMAS CORP (TRS) has a return on equity (ROE) of 17.5%. This indicates the company generates strong returns for shareholders.
TRIMAS CORP (TRS) has a 5-year average gross margin of 22.9%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for TRIMAS CORP (TRS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TRIMAS CORP (TRS) has a book value per share of $17.33, based on its most recent annual SEC filing.