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TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace and defense, and industrial markets worldwide. The company operates through Packaging and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Aarts Packaging, Intertech, Omega Plastics, and Rapak brands. The Specialty Products segment designs, manufactures, and distributes steel cylinders for use in transportation, storage, and dispensing of packaged and compressed gases under the Norris Cylinder brand. It sells its products through a direct sales force, third-party agents, and distributors. The company was incorporated in 1986 and is headquartered in Bloomfield Hills, Michigan.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $646M | $99M | $120M | $69M | 17.0% | 2.4% | 395.4% |
| 2024 | $631M | $80M | $24M | $13M | 3.6% | -3.3% | -39.9% |
| 2023 | $652M | $109M | $40M | $34M | 5.9% | -26.2% | -39.0% |
| 2022 | $884M | $155M | $66M | $27M | 10.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 883.83 | 652.15 | 630.80 | 645.72 |
| Cost Of Revenue | 675.53 | 498.85 | 501.26 | 507.56 |
| Gross Profit | 208.30 | 153.30 | 129.54 | 138.16 |
| Operating Expense | 131.19 | 102.46 | 109.65 | 129.31 |
| Operating Income | 77.11 | 50.84 | 19.89 | 8.85 |
| EBITDA | 155 | 109.36 | 80.30 | 99.32 |
| EBIT | 101.78 | 51.77 | 15.38 | 42.29 |
| Pretax Income | 87.67 | 35.85 | -4.18 | 24.26 |
| Tax Provision | 21.50 | 6.31 | -2.23 | -48.05 |
| Net Income | 66.17 | 40.36 | 24.25 | 120.14 |
| Net Income Common Stockholders | 66.17 | 40.36 | 24.25 | 120.14 |
| Total Expenses | 806.72 | 601.31 | 610.91 | 636.87 |
| Interest Expense | 14.11 | 15.92 | 19.56 | 18.03 |
| Selling General And Administration | 131.19 | 102.46 | 109.65 | 129.31 |
| Normalized EBITDA | 133.05 | 109.54 | 85.02 | 66.87 |
| Normalized Income | 49.60 | 29.69 | 1.78 | 46.67 |
| Basic EPS | 1.57 | 0.97 | 0.60 | 2.97 |
| Diluted EPS | 1.56 | 0.97 | 0.59 | 2.95 |
| Tax Effect Of Unusual Items | 5.38 | -0.03 | -0.99 | 6.81 |
| Tax Rate For Calcs | 0.24 | 0.18 | 0.21 | 0.21 |
| Total Unusual Items | 21.95 | -0.18 | -4.72 | 32.45 |
| Total Unusual Items Excluding Goodwill | 21.95 | -0.18 | -4.72 | 32.45 |
| Net Income From Continuing Operation Net Minority Interest | 66.17 | 29.54 | -1.95 | 72.31 |
| Reconciled Depreciation | 53.22 | 57.59 | 64.92 | 57.03 |
| Reconciled Cost Of Revenue | 675.53 | 498.85 | 501.26 | 507.56 |
| Net Interest Income | -14.11 | -15.92 | -19.56 | -18.03 |
| Net Income From Continuing And Discontinued Operation | 66.17 | 40.36 | 24.25 | 120.14 |
| Total Operating Income As Reported | 99.06 | 50.66 | 15.17 | 41.30 |
| Diluted Average Shares | 42.48 | 41.69 | 41.06 | 40.79 |
| Basic Average Shares | 42.25 | 41.44 | 40.73 | 40.38 |
| Diluted NI Availto Com Stockholders | 66.17 | 40.36 | 24.25 | 120.14 |
| Net Income Including Noncontrolling Interests | 66.17 | 40.36 | 24.25 | 120.14 |
| Net Income Discontinuous Operations | 0 | 10.82 | 26.20 | 47.83 |
| Net Income Continuous Operations | 66.17 | 29.54 | -1.95 | 72.31 |
| Other Income Expense | 24.67 | 0.93 | -4.51 | 33.44 |
| Other Non Operating Income Expenses | 2.72 | 1.11 | 0.21 | 0.99 |
| Special Income Charges | 21.95 | -0.18 | -4.72 | 32.45 |
| Gain On Sale Of Ppe | 21.95 | -0.18 | 1.02 | 4.68 |
| Other Special Charges | 0 | 0 | 5.51 | -27.77 |
| Impairment Of Capital Assets | 0 | 0 | 0.23 | 0 |
| Net Non Operating Interest Income Expense | -14.11 | -15.92 | -19.56 | -18.03 |
| Total Other Finance Cost | 0 | 0 | 0 | 0 |
| Interest Expense Non Operating | 14.11 | 15.92 | 19.56 | 18.03 |
| Operating Revenue | 883.83 | 652.15 | 630.80 | 645.72 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| TriMas Corporationthis co. | TRS | $1.4B | 20.27↓ discount | 1.92 | 17.0% | 32.56 |
| The RealReal, Inc. | REAL | $1.4B | - | -3.35 | 10.1% | 190.91 |
| Tripadvisor, Inc. | TRIP | $1.4B | 32.71 | 2.03 | 6.2% | 7.61 |
| The Wendy's Company | WEN | $1.4B | 8.24 | 11.59 | 140.6% | 9.92 |
| Carter's, Inc. | CRI | $1.3B | 14.94 |
| 1.48 |
| 9.9% |
| 10.31 |
| G-III Apparel Group, Ltd. | GIII | $1.3B | 19.64 | 0.75 | 3.8% | 8.57 |
| XPEL, Inc. | XPEL | $1.3B | 25.13 | 4.59 | 18.3% | 16.27 |
| Savers Value Village, Inc. | SVV | $1.3B | 58.79 | 2.93 | 5.2% | 12.13 |
| Papa John's International, Inc. | PZZA | $1.3B | 39.87 | -2.74 | -6.9% | 11.68 |
| Peer Median | - | 25.13 | 1.76 | 8.1% | 11.00 | |