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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% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 883.83 | 652.15 | 630.80 | 645.72 |
| Operating 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 |
| Selling General And Administration | - | 131.19 | 102.46 | 109.65 | 129.31 |
| Total Expenses | - | 806.72 | 601.31 | 610.91 | 636.87 |
| Operating Income | - | 77.11 | 50.84 | 19.89 | 8.85 |
| Total Operating Income As Reported | - | 99.06 | 50.66 | 15.17 | 41.30 |
| EBITDA | - | 155 | 109.36 | 80.30 | 99.32 |
| Normalized EBITDA | - | 133.05 | 109.54 | 85.02 | 66.87 |
| EBIT | - | 101.78 | 51.77 | 15.38 | 42.29 |
| Interest Expense | - | 14.11 | 15.92 | 19.56 | 18.03 |
| Net Interest Income | - | -14.11 | -15.92 | -19.56 | -18.03 |
| Other Non Operating Income Expenses | - | 2.72 | 1.11 | 0.21 | 0.99 |
| Other Income Expense | - | 24.67 | 0.93 | -4.51 | 33.44 |
| Interest Expense Non Operating | - | 14.11 | 15.92 | 19.56 | 18.03 |
| Net Non Operating Interest Income Expense | - | -14.11 | -15.92 | -19.56 | -18.03 |
| Pretax Income | - | 87.67 | 35.85 | -4.18 | 24.26 |
| Tax Provision | - | 21.50 | 6.31 | -2.23 | -48.05 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 5.38 | -0.03 | -0.99 | 6.81 |
| Net Income Continuous Operations | - | 66.17 | 29.54 | -1.95 | 72.31 |
| Net Income From Continuing And Discontinued Operation | - | 66.17 | 40.36 | 24.25 | 120.14 |
| Net Income From Continuing Operation Net Minority Interest | - | 66.17 | 29.54 | -1.95 | 72.31 |
| Net Income | - | 66.17 | 40.36 | 24.25 | 120.14 |
| Net Income Common Stockholders | - | 66.17 | 40.36 | 24.25 | 120.14 |
| Net Income Including Noncontrolling Interests | - | 66.17 | 40.36 | 24.25 | 120.14 |
| Normalized Income | - | 49.60 | 29.69 | 1.78 | 46.67 |
| Diluted NI Availto Com Stockholders | - | 66.17 | 40.36 | 24.25 | 120.14 |
| Basic Average Shares | - | 42.25 | 41.44 | 40.73 | 40.38 |
| Diluted Average Shares | - | 42.48 | 41.69 | 41.06 | 40.79 |
| Reconciled Depreciation | - | 53.22 | 57.59 | 64.92 | 57.03 |
| Reconciled Cost Of Revenue | - | 675.53 | 498.85 | 501.26 | 507.56 |
| 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 Discontinuous Operations | 0 | - | 10.82 | 26.20 | 47.83 |
| Special Income Charges | - | 21.95 | -0.18 | -4.72 | 32.45 |
| Other Special Charges | - | - | - | 5.51 | -27.77 |
| Impairment Of Capital Assets | - | 0 | 0 | 0.23 | 0 |
| Gain On Sale Of Ppe | - | 21.95 | -0.18 | 1.02 | 4.68 |
| Total Other Finance Cost | 10.52 | - | - | - | - |
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 | 11.79↓ discount | 2.01 | 17.0% | 19.05 |
| Lindblad Expeditions Holdings, Inc. | LIND | $1.5B | -48.98 | -5.12 | 10.4% | 21.16 |
| Savers Value Village, Inc. | SVV | $1.4B | 62.17 | 3.23 | 5.2% | 15.00 |
| Carter's, Inc. | CRI | $1.4B | 15.31 | 1.52 | 9.9% | 10.48 |
| Leggett & Platt, Incorporated | LEG | $1.4B |
| - |
| - |
| - |
| - |
| - |
| 5.91 |
| 1.36 |
| 23.0% |
| 5.07 |
| Tripadvisor, Inc. | TRIP | $1.4B | 34.76 | 2.16 | 6.2% | 8.02 |
| Revolve Group, Inc. | RVLV | $1.4B | 22.41 | 2.70 | 12.0% | 13.93 |
| Olaplex Holdings, Inc. | OLPX | $1.4B | -148.20 | 1.56 | -1.1% | 15.77 |
| Winmark Corporation | WINA | $1.4B | 32.66 | - | -77.6% | 24.92 |
| Peer Median | - | 18.86 | 1.56 | 8.1% | 14.46 | |