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Diversified industrial maker of specialty packaging closures, aerospace fasteners and engineered products.
Diversified industrial maker of specialty packaging closures, aerospace fasteners and engineered products.
Sells components that are specified into customer products, so closures and fasteners are reordered for years after a design win. Aerospace fastener sales follow aircraft build rates, and packaging closures serve industrial and chemical containers.
Moat: narrow (switching costs, process know-how). Qualified aerospace fastener designs and packaging closure specs are costly for customers to re-source.
Headquarters: Bloomfield Hills, Michigan, US · Founded: 1988 · Employees: 3,700
Size TriMas (TRS) is a United States Materials company (Containers/Packaging) with a market value of $1.37B, the 2054th largest of 3,117 United States companies the cockpit tracks. Shares closed at $38.61 on 6 Nov 2026.
Performance Over six months the shares fell 9.6%, against -10.5% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 33.2% over the last twelve months (peer median +1.9%); the operating margin is 4.5% (peer median 6.5%).
Valuation It trades at 19.1× forward earnings against a peer median of 15.8× (8th most expensive of 20).
Capital Return on invested capital runs 4.0 points below its cost of capital (7.3% WACC).
Credit TriMas has 1 bond outstanding ($400M), rated B by the agencies and trading like BB- at a weighted spread of 194 bp.
Short interest Short interest is 9.4% of the free float (15 Oct 2026).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $677M | $646M | $631M | $894M | $884M |
| Revenue growth | — | +2% | -29% | +1% | — |
| Gross profit | $180M | $131M | $123M | $195M | $194M |
| EBITDA | $78.6M | $71.1M | $85.7M | $135M | $135M |
| Net income | $915M | $120M | $24.2M | $40.4M | $66.2M |
| Free cash flow | -$108M | $69.1M | $12.8M | $34.0M | $26.6M |
| Capital expenditure | $24.9M | $48.4M | $51.0M | $54.2M | $46.0M |
| Total debt | $436M | $505M | $434M | $443M | $444M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| TriMas TRS | $1.37B | -10% | -33% | 5% | 19.1× | n/a |
| AptarGroup ATR | $9.03B | +18% | +9% | 12% | 23.4× | 4.3% |
| Silgan SLGN | $4.34B | +2% | +4% | 10% | 10.2× | -5.8% |
| TransDigm TDG | $66.2B | -1% | +17% | 47% | 25.5× | 9.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TRS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.4% | 0.0% | 10th highest of 21 |
| 6-month return | -9.6% | -10.5% | 10th highest of 21 |
| Distance from 52-week high | -15.0% | -33.5% | 6th highest of 21 |
| Revenue growth (TTM) | -33.2% | +1.9% | lowest of 21 |
| Operating margin | 4.5% | 6.5% | 5th lowest of 21 |
| Forward P/E | 19.1× | 15.8× | 8th most expensive of 20 |
| ROIC minus cost of capital | -4.0 pp | +0.8 pp | 6th lowest of 21 |
| EV / EBITDA | 8.3× | 6.8× | most expensive of 8 |
| Net debt / EBITDA | -9.2× | 2.2× | least indebted of 8 |
| Bond spread | 194 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TriMas TRS | United States | $1.37B | -10% | -33% | 5% | 19.1× | n/a | n/a |
| Orora ORA.AX | Australia | $1.34B | +17% | +6% | 11% | 15.8× | 2.5% | -8.9% |
| Shenzhen Leaguer 002243.SZ | China | $1.27B | -18% | +5% | -3% | 19.9× | 44.6% | +1.6% |
| Shanghai Shunho New Materials Technology 002565.SZ | China | $1.51B | -50% | -15% | -3% | n/a | n/a | n/a |
| Jiangsu Hualan New Pharmaceutical Material 301093.SZ | China | $1.53B | -27% | +6% | 5% | 77.4× | 50.9% | +6.7% |
| Shenzhen Changhong Technology 300151.SZ | China | $1.23B | -12% | -1% | 6% | 59.9× | n/a | n/a |
| Shanghai Zijiang Enterprise 600210.SS | China | $1.54B | -3% | -18% | 10% | 11.3× | n/a | n/a |
| Jiamei Food Packaging (Chuzhou) 002969.SZ | China | $1.55B | -56% | -10% | 6% | 86.4× | 22.4% | +7.3% |
| Gerresheimer GXI.DE | Germany | $1.21B | +24% | +9% | -4% | 18.0× | 55.8% | +10.3% |
| Fuji Seal International 7864.T | Japan | $1.18B | +38% | +4% | 9% | 10.8× | -9.5% | +5.9% |
| Cascades CAS.TO | Canada | $1.15B | +49% | +1% | 5% | 9.2× | -1.9% | +3.1% |
| ORG Technology 002701.SZ | China | $1.65B | -22% | +24% | 5% | 9.6× | -5.2% | +15.8% |
| Suzhou Hycan 002787.SZ | China | $1.09B | -10% | 0% | 7% | 36.4× | n/a | n/a |
| Taiwan Hon Chuan Enterprise 9939.TW | Taiwan | $1.07B | +7% | 0% | 15% | 10.2× | n/a | n/a |
| Huangshan Novel 002014.SZ | China | $1.02B | +5% | +9% | 12% | 15.7× | n/a | n/a |
| Shandong Pharmaceutical Glass 600529.SS | China | $1.85B | 0% | -9% | 18% | 16.5× | -2.4% | +5.5% |
| Elopak ELO.OL | Norway | $1.01B | -11% | 0% | 9% | 11.8× | -8.3% | +7.7% |
| Zhejiang Great Shengda Packing 603687.SS | China | $995M | -30% | +1% | 3% | 32.6× | n/a | n/a |
| Winpak WPK.TO | Canada | $1.91B | +12% | +3% | 15% | 12.5× | -10.9% | +6.6% |
| Zhejiang Zhongxin Environmental Protection Technology 603091.SS | China | $991M | -20% | +31% | 22% | 14.5× | 7.8% | +4.4% |
| Xiamen Jihong 002803.SZ | China | $956M | -16% | +12% | 6% | 21.3× | 6.4% | +8.8% |
TriMas has 1 bond outstanding with $400M face value. The agencies rate it B; its bonds trade like BB-. Weighted yield 6.44%, a spread of 194 bp over government bonds.