TriMas (TRS) financial statements
TriMas reported revenue of $646M in fiscal 2025, down 2.3% a year over 9 years.
Net income was $120M and the operating margin 6.4%, against -5.3% in 2016.
Free cash flow was $69M, and the company returned $7M in dividends and $103M in net buybacks.
The diluted share count fell 10% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TriMas's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $794M | $656M | $705M | $724M | $770M | $857M | $884M | $652M | $631M | $646M |
| Cost of revenue | $583M | $467M | $505M | $530M | $588M | $640M | $676M | $499M | $501M | $508M |
| Gross profit | $211M | $189M | $200M | $194M | $182M | $217M | $208M | $153M | $130M | $138M |
| Selling, general and admin | $152M | $100M | $91M | $103M | $134M | $122M | $131M | $102M | $110M | $129M |
| Operating income | -$42M | $93M | $109M | $91M | -$88M | $95M | $99M | $51M | $15M | $41M |
| Interest expense | $14M | $14M | $14M | $14M | $15M | $15M | $14M | $16M | $20M | $18M |
| Pre-tax income | -$58M | $70M | $92M | $78M | -$103M | $69M | $88M | $36M | -$4M | $24M |
| Income tax | -$18M | $34M | $19M | $16M | -$23M | $12M | $22M | $6M | -$2M | -$48M |
| Net income | -$40M | $31M | $83M | $99M | -$80M | $57M | $66M | $40M | $24M | $120M |
| EPS (diluted) | -$0.88 | $0.67 | $1.80 | $2.16 | -$1.83 | $1.32 | $1.56 | $0.97 | $0.60 | $2.95 |
| Diluted shares | 45M | 46M | 46M | 46M | 44M | 43M | 42M | 42M | 41M | 41M |
| Gross margin | 26.5% | 28.8% | 28.4% | 26.8% | 23.6% | 25.3% | 23.6% | 23.5% | 20.5% | 21.4% |
| Operating margin | -5.3% | 14.1% | 15.4% | 12.6% | -11.5% | 11.1% | 11.2% | 7.8% | 2.4% | 6.4% |
| Net margin | -5.0% | 4.7% | 11.8% | 13.6% | -10.4% | 6.7% | 7.5% | 6.2% | 3.8% | 18.6% |
Balance sheet
Fiscal years, from TriMas's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $21M | $28M | $108M | $172M | $74M | $141M | $112M | $35M | $23M | $30M |
| Receivables | $112M | $112M | $97M | $109M | $113M | $126M | $132M | $148M | $116M | $111M |
| Inventory | $160M | $155M | $127M | $133M | $149M | $152M | $163M | $192M | $110M | $109M |
| Total current assets | $309M | $311M | $412M | $434M | $352M | $432M | $423M | $397M | $427M | $463M |
| Property, plant and equipment | $179M | $190M | $172M | $214M | $253M | $266M | $278M | $330M | $238M | $248M |
| Goodwill | $315M | $319M | $317M | $335M | $304M | $315M | $340M | $294M | $287M | $300M |
| Total assets | $1.1B | $1.0B | $1.1B | $1.2B | $1.2B | $1.3B | $1.3B | $1.3B | $1.3B | $1.5B |
| Total current liabilities | $133M | $122M | $142M | $120M | $137M | $155M | $140M | $159M | $159M | $184M |
| Long-term debt | $361M | $303M | $294M | $295M | $346M | $394M | $395M | $396M | $398M | $469M |
| Total liabilities | $552M | $489M | $480M | $495M | $610M | $673M | $653M | $659M | $657M | $779M |
| Shareholders' equity | $500M | $544M | $620M | $697M | $584M | $631M | $652M | $683M | $667M | $706M |
| Net debt | $354M | $276M | $185M | $122M | $272M | $253M | $283M | $361M | $375M | $439M |
Cash flow
Fiscal years, from TriMas's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $80M | $120M | $129M | $76M | $127M | $134M | $73M | $88M | $64M | $117M |
| Capital spending | $31M | $34M | $23M | $30M | $40M | $45M | $46M | $54M | $51M | $48M |
| Free cash flow | $49M | $86M | $106M | $46M | $87M | $89M | $27M | $34M | $13M | $69M |
| Stock-based compensation | $7M | $7M | $7M | $6M | $8M | $10M | $10M | $10M | $7M | $12M |
| Dividends paid | — | — | — | $0 | $0 | $2M | $7M | $7M | $7M | $7M |
| Share buybacks (net) | $0 | $0 | -$12M | -$37M | -$39M | -$19M | -$37M | -$19M | -$19M | -$103M |
| Net borrowing | -$14M | -$258M | $0 | $0 | — | — | — | — | — | — |
| Free cash flow margin | 6.2% | 13.2% | 15.0% | 6.3% | 11.3% | 10.4% | 3.0% | 5.2% | 2.0% | 10.7% |
| Dividends per share | — | — | — | — | — | $0.04 | $0.16 | $0.16 | $0.16 | $0.16 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for TRS.
Open TRS in InvestinglyQuestions
What was TriMas's revenue in 2025?
$646M in fiscal 2025, from its 10-K filing.
How much free cash flow does TriMas generate?
$69M in fiscal 2025 (operating cash flow minus capital spending).
From TriMas's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.