TRS TRIMAS CORP

Overview and Growth

Fiscal 2025 results for TRIMAS CORP combined $645.72M of revenue with net income of $120.14M and an operating cash inflow of $117.45M. At $645.72M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line expanded 2.4% from $630.80M in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were $2.95, translating the period’s attributable earnings into the amount reported for each diluted share. The per-share result recorded a 391.7% increase from fiscal 2024 diluted EPS of $0.60. Revenue equaled 0.43x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $138.16M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 21.4% of revenue, quantifying the portion retained before operating expenses were recognized. Operations produced $41.30M of income after the reported operating expense base, before the remaining non-operating and tax effects. Relative to revenue, operating income represented 6.4%, showing how efficiently sales converted into operating profit. The bottom-line result was net income of $120.14M, after the operating, financing, tax, and other items recognized for the period. Measured against reported revenue, net income produced a 18.6% margin after operating costs and the remaining recognized items. The earnings statement records $24.26M of pretax income, the profit base against which the reported tax provision can be assessed. The pretax margin was 3.8%, relating income before taxes directly to revenue. An income-tax benefit of $48.05M improved the final result relative to pretax income or loss. The effective tax-benefit relationship was 198.1% of positive pretax income.

Liquidity and Capital Structure

The company held $1.49B of assets against $779.49M of liabilities and $705.59M of equity, revealing how the asset base was financed. At period end, current assets of $462.67M compared with current liabilities of $183.67M, defining the company’s short-term resource position. At 2.52x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $30.02M in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 16.3% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $472.79M of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 0.67x, placing the company’s financial leverage in clear balance-sheet terms. Debt represented 31.8% of total assets, placing borrowing in the context of the company’s full resource base. Relative to total assets, liabilities measured 52.5%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 2.0%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 12.2% higher than fiscal 2024 assets of $1.32B, measuring the company’s own balance-sheet change.

Cash Flow and Earnings Quality

Cash flow from operations was $117.45M, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 0.98x of net income, showing how strongly accounting earnings converted into cash from operations. The cash-flow statement records $48.35M of capital expenditures, the investment amount considered after operating cash generation. Capital spending absorbed 41.2% of operating cash flow, quantifying the share of cash from operations directed to investment. The combination of operating cash flow and capital spending produced $69.10M of positive free cash flow for the period. Relative to revenue, free cash flow equaled 10.7%, showing how much sales converted into cash after investment. The free-cash-flow-to-assets relationship was 4.7%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.