TRIMAS CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data TRIMAS CORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	794	818	705	724	770	857	884	652	631	646
Cost of revenue	583	467	505	530	588	640	676	499	501	508
Gross profit	211	189	200	194	182	217	208	153	130	138
Selling, general and administrative	152	99.9	91.2	103	134	122	131	102	110	129
Operating income	-41.9	92.7	109	91.2	-88.3	95.1	99.1	50.7	15.2	41.3
Interest expense	13.7	14.4	13.9	14	14.7	14.5	14.1	15.9	19.6	18
Other non-operating income	-16.3	-22.8	-16.5	-13	-14.4	-26	-11.4	-14.8	-19.4	-17
Pre-tax income	-58.2	69.9	92.4	78.3	-103	69.1	87.7	35.9	-4.18	24.3
Income tax	-18.4	33.9	18.7	16.3	-23	11.8	21.5	6.31	-2.23	-48.1
Income from continuing operations	-39.8	36	73.7	61.9	-79.8	57.3		29.5	-1.95	72.3
Net income	-39.8	31	83.3	98.6	-79.8	57.3	66.2	40.4	24.3	120
EBITDA	2.93	133	149	135	-38.5	149	152	108	80.1	81
EPS, basic	-0.88	0.68	1.82	2.18	-1.83	1.33	1.57	0.97	0.60	2.97
EPS, diluted	-0.88	0.67	1.80	2.16	-1.83	1.32	1.56	0.97	0.60	2.95
Shares, basic (weighted)	45.4	45.7	45.8	45.3	43.6	43	42.2	41.4	40.7	40.4
Shares, diluted (weighted)	45.4	46	46.2	45.6	43.6	43.3	42.5	41.7	40.7	40.8
Dividend per share						0.04	0.04	0.04	0.04	0.04

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	20.7	27.6	108	172	74	141	112	34.9	23.1	30
Receivables	112	112	97.2	109	113	126	132	148	116	111
Inventory	160	155	127	133	149	152	163	192	110	109
Other current assets	16.1	16.1	6.9	20.1	15.1	13	14.8	22	27.3	36.4
Total current assets	309	311	412	434	352	432	423	397	427	463
Property, plant and equipment	179	190	172	214	253	266	278	330	238	248
Lease right-of-use assets			0	27.9	37.8	50.7	47.3	43.2	32.4	31.8
Goodwill	315	319	317	335	304	315	340	294	287	300
Intangible assets	214	194	168	161	206	197	188	181	78.4	76.6
Other non-current assets	8.4	8.97	8.2	20	21.4	33.6	20	16.1	9.41	45.4
Total assets	1,052	1,033	1,101	1,193	1,194	1,304	1,305	1,342	1,324	1,485
Accounts payable	72.3	72.4	67.4	72.7	69.9	87.8	85.2	91.9	72.4	72.3
Accrued liabilities	47.2	49.5	43.9	42	60.5	59	46.7	59.6	42.8	59.6
Short-term debt	13.8	0	0		0			0
Total current liabilities	133	122	142	120	137	155	140	159	159	184
Long-term debt	361	303	294	295	346	394	395	396	398	469
Lease liabilities			0	23.1	31.6	43.8	41	38	29.1	31.1
Other non-current liabilities	51.9	58.6	39.2	40.8	69.7	59	56.3	40.6	42.2	65.8
Total liabilities	552	489	480	495	610	673	653	659	657	779
Total debt	379	311	300	300	350	400	400	400	402	473
Paid-in capital	818	824	817	783	749	732	696	678	664	578
Retained earnings	-294	-263	-180	-79.9	-160	-102	-36.1	4.23	21.7	127
Other comprehensive income	-24.4	-17.3	-16.9	-6	-5.62	0.23	-8.62	0.65	-18.6	-0.01
Shareholders' equity	500	544	620	697	584	631	652	683	667	706
Total equity	500	544	620	697	584	631	652	683	667	706
Total liabilities and equity	1,052	1,033	1,101	1,193	1,194	1,304	1,305	1,342	1,324	1,485
Shares outstanding	45.5	45.7	45.5	44.6	43.2	42.8	41.7	41.2	40.6	37.6

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-39.8	31	83.3	98.6	-79.8	57.3	66.2	40.4	24.3	120
Depreciation and amortization	44.9	40.3	40.5	43.5	49.8	53.5	53.2	57.6	64.9	39.7
Stock-based compensation	6.94	6.78	7.17	6.45	8.17	9.5	9.84	9.67	6.96	11.5
Deferred income tax	-32.2	15.3	5.98	4.44	-31.7	1.49	-1.44	-4.36	-4.23	-41.8
Change in receivables	7.99	3.98	-9.57	3.28	9.58	-11.2	-6.65	-5.52	-20.5	1.78
Change in inventory	5.18	4.62	-14.7	0.74	3.98	-0.96	-6.97	-7.07	-21.2	-4.27
Change in payables	-18.1	4.45	-2.33	-12.8	4.49	2.12	-29.1	-14.5	0.56	-2.36
Cash from operations	80.5	120	129	75.6	127	134	72.6	88.2	63.8	117
Capital expenditures	-31.3	-33.7	-23.4	-29.7	-40.5	-45.1	-46	-54.2	-51	-48.4
Acquisitions	0	0	0	-67.1	-194	-34.3	-64.1	-77.3	0	-37.7
Cash from investing	-31.1	-32.4	-24.8	29.1	-232	-79.2	-55	-134	-47	-64.1
Debt issued	0	300	0	0	0	400	0	0
Debt repaid	-13.9	-258	0	0
Stock issued	0.16
Share buybacks	0	0	-12.1	-36.7	-39.4	-19.1	-36.9	-18.8	-19.3	-103
Dividends paid				0	0	-1.74	-6.88	-6.7	-6.63	-6.61
Cash from financing	-48.1	-80.8	-24	-40.4	6.14	11.8	-46.2	-30.9	-28.6	-46.5
Net change in cash	1.26	6.87	80.6	64.3	-98.5	66.8	-28.7	-77.2	-11.8	6.95
Free cash flow	49.1	86.4	106	45.9	86.9	89.2	26.6	34	12.8	69.1
Interest paid	11.8	9.43	13.8	12.4	13.2	13.3	13	14.3	18.7	18.8
Income taxes paid	17.2	16.2	7.38	44	9.06	10.5	20.1	16.8	11.9	10.6

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $39.15 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	18.2%	Gross profit / revenue.
Operating margin	1.3%	Operating income / revenue.
EBITDA margin	7.1%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	0.7%	Pre-tax income / revenue.
Net margin	117.9%	Net income / revenue.
FCF margin	-1.3%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	2.6%	Cash from operations / revenue.
Effective tax rate	-994.8%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	62.7%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	40.3%	Net income / average total assets.
Return on invested capital (ROIC)	1.3%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	13.1%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	1.6%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	3.9%	Capital expenditures / revenue.
D&A / revenue	5.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	2.4%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-9.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-3.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	6.7%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-12.8%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-5.4%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	172.2%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-25.3%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	1.1%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-19.0%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	395.4%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	22.0%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	391.7%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	23.7%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	84.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	17.4%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-1.6%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	439.0%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	37.4%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-4.5%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	0.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	5.7%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	2.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	3.8%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	12.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	4.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	4.5%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-1.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.3%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	5.44x	Current assets / current liabilities.
Quick ratio	4.91x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	4.37x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.28x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	17.7%	Total debt / total assets.
Liabilities / assets	35.8%	Total liabilities / total assets.
Net debt	-$845.6M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	-15.6x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	0.55x	Operating income / interest expense.
Working capital	$1.26B	Current assets - current liabilities.
Goodwill and intangibles / assets	16.5%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.07B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.34x	Revenue / average total assets.
Fixed asset turnover	3.19x	Revenue / average property, plant and equipment.
Inventory turnover	3.33x	Cost of revenue / average inventory.
Days inventory	109 days	365 x average inventory / cost of revenue.
Receivables turnover	5.00x	Revenue / average receivables.
Days sales outstanding	73 days	365 x average receivables / revenue.
Days payables	210 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	-27 days	Days inventory + days sales outstanding - days payables.
FCF conversion	-1.1%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	149.4%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$24.03	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$21.20	Revenue / diluted weighted shares.
FCF per share	-$0.27	Free cash flow / diluted weighted shares.
Operating cash flow per share	$0.56	Cash from operations / diluted weighted shares.
Book value per share	$40.22	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$29.91	Tangible book value / shares outstanding.
Cash per share	$34.64	(Cash + short-term investments) / shares outstanding.
Payout ratio	0.7%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$1.40B	Share price x shares outstanding.
Enterprise value	$558.9M	Market cap + total debt - cash - short-term investments.
P/E	1.55x	Market cap / net income. Only when net income is positive.
P/S	1.83x	Market cap / revenue.
P/B	0.97x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.31x	Market cap / tangible book value, when positive.
P/OCF	69.8x	Market cap / cash from operations, when positive.
EV/Sales	0.73x	Enterprise value / revenue.
EV/EBIT	55.1x	Enterprise value / operating income, when both are positive.
EV/EBITDA	10.3x	Enterprise value / EBITDA, when both are positive.
FCF yield	-0.7%	Free cash flow / market cap.
Earnings yield	64.5%	Net income / market cap (the inverse of P/E).
Dividend yield	0.4%	Dividends paid over the period / market cap.
Shareholder yield	12.9%	(Dividends paid + share buybacks) / market cap.
PEG	0.07x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was TRIMAS CORP's revenue in fiscal 2025?

TRIMAS CORP reported revenue of $645.7M for fiscal 2025, 2.4% higher than the year before.

Was TRIMAS CORP profitable in fiscal 2025?

Yes. Net income was $120.1M, a net margin of 18.6%.

How much free cash flow did TRIMAS CORP generate in fiscal 2025?

Cash from operations of $117.5M minus capital expenditures of $48.4M left free cash flow of $69.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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