Recent News
On March 16, 2026 TriMas announced completion of the sale of its Aerospace business, unlocking proceeds earmarked for debt reduction, strategic acquisitions, and buybacks. On February 26, 2026 the Board authorized an expanded share repurchase program, raising the buyback capacity to $150 million. On February 19, 2026 the company declared a quarterly cash dividend of $0.04 per share.
Technical Analysis
ADX / DI+/DI-: ADX at 18.61 indicates no established trend; directional indicators present mixed directional pressure—DI+ registers a peak & reversal (bearish signal), while DI- also shows a peak & reversal (implying short-term weakening of downside pressure). Together these readings imply choppy price action without a dominant directional conviction, which tempers near-term upside despite recent bullish signals.
MACD: MACD at -0.11 with an increasing MACD_trend points to improving momentum from recent lows, a bullish momentum inflection that supports the valuation narrative of cash-driven upside potential if momentum sustains.
MRO (Momentum/Regression Oscillator): MRO sits at 17.88 (positive) with a peak & reversal label, indicating the market price currently sits above the model target and that the premium may compress on mean reversion—this increases the probability of short-term profit-taking into any rally.
RSI: RSI at 51.97 with a peak & reversal reads as neutral-to-slightly-weak momentum; the oscillator does not confirm an overbought condition and leaves room for intermittent rallies or pullbacks within the current trading band.
Price vs. Moving Averages, Bands, and Volatility: The last close at $36.35 sits above the 20-day ($35.51), 50-day ($36.07), and 200-day ($35.02) averages, indicating short- and medium-term price support; price trades just below the 1x upper Bollinger band ($36.61), highlighting proximity to near-term resistance. SuperTrend lower support near $33.95 provides a technical floor during pullbacks. Low 42‑day and 52‑week volatilities (~2%) coincide with above-average volume versus multi-month averages, suggesting controlled, liquidity‑backed moves rather than abrupt swings.
Fundamental Analysis
TriMas reported full‑year net sales of $1,042.2 million for 2025 and delivered an EPS of $0.40 versus an estimate of $0.22, producing an EPS surprise of +81.82%. The company outlined 2026 guidance targeting approximately 3%–6% sales growth and more than 300 basis points of margin improvement, driven by Packaging and Specialty Products initiatives and cost actions.
Profitability & Margins: Gross margin stands at 38.94% while operating margin registers 42.55%; operating margin sits well above the industry peer mean of 18.30%, indicating strong operating leverage in current segment mix. Reported EBIT margin equals 16.28%, below the industry peer mean of 23.12%, reflecting period-level variability across segments and the impact of legacy aerospace results and divestiture accounting.
Cash Flow & Capital Allocation: Operating cash flow reached $41.52 million with free cash flow of $36.82 million, yielding 2.77% free cash flow yield and showing sharp improvement QoQ (+80.26%) and YoY (+125.33%). Cash and short-term investments total $30.02 million against net debt of $439.15 million; the completed aerospace sale created liquidity capacity intended for debt reduction, buybacks, and targeted M&A as noted in corporate disclosures.
Valuation & Capital Structure: Current trailing PE equals 17.42 while forward PE sits near 66.65; price-to-book equals 1.89. Trailing PE trades below the industry peer mean (~85.50), and price-to-book trades well below the industry peer mean (~14.78), reflecting a compact market valuation relative to the peer distribution. Debt-to-assets at 34.01% slightly exceeds the industry peer mean (~21.97%), underscoring the balance‑sheet priority that proceeds from the aerospace sale address. WMDST values the stock as under-valued based on the combination of below-peer multiples, improved free cash flow conversion, and planned capital redeployment.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-26 |
| NEXT REPORT DATE: | 2026-05-28 |
| CASH FLOW | Begin Period Cash Flow | $ 33.6 M |
| Operating Cash Flow | $ 41.5 M | |
| Capital Expenditures | $ -4.70 M | |
| Change In Working Capital | $ 20.8 M | |
| Dividends Paid | $ -1.66 M | |
| Cash Flow Delta | $ -3.62 M | |
| End Period Cash Flow | $ 30.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ -139.97 M | |
| Forward Revenue | $ -8.38 M | |
| COSTS | ||
| Cost Of Revenue | $ -85.47 M | |
| Depreciation | $ 9.9 M | |
| Depreciation and Amortization | $ 14.3 M | |
| Research and Development | — | |
| Total Operating Expenses | $ -80.41 M | |
| PROFITABILITY | ||
| Gross Profit | $ -54.50 M | |
| EBITDA | $ -8.46 M | |
| EBIT | $ -22.78 M | |
| Operating Income | $ -59.56 M | |
| Interest Income | — | |
| Interest Expense | $ 4.6 M | |
| Net Interest Income | $ -4.59 M | |
| Income Before Tax | $ -27.37 M | |
| Tax Provision | $ -61.24 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ 81.7 M | |
| Net Income From Continuing Operations | $ 81.7 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.22 | |
| EPS Actual | $ 0.40 | |
| EPS Difference | $ 0.18 | |
| EPS Surprise | 81.818 % | |
| Forward EPS | $ 0.52 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.5 B | |
| Intangible Assets | $ 376.8 M | |
| Net Tangible Assets | $ 328.8 M | |
| Total Current Assets | $ 462.7 M | |
| Cash and Short-Term Investments | $ 30.0 M | |
| Cash | $ 30.0 M | |
| Net Receivables | $ 111.3 M | |
| Inventory | $ 108.7 M | |
| Long-Term Investments | $ 312.6 M | |
| LIABILITIES | ||
| Accounts Payable | $ 72.3 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 183.7 M | |
| Net Debt | $ 439.1 M | |
| Total Debt | $ 505.1 M | |
| Total Liabilities | $ 779.5 M | |
| EQUITY | ||
| Total Equity | $ 705.6 M | |
| Retained Earnings | $ 127.4 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 18.75 | |
| Shares Outstanding | 37.630 M | |
| Revenue Per-Share | $ -3.72 | |
| VALUATION | Market Capitalization | $ 1.3 B |
| Enterprise Value | $ 1.8 B | |
| Enterprise Multiple | -213.436 | |
| Enterprise Multiple QoQ | -446.885 % | |
| Enterprise Multiple YoY | -611.621 % | |
| Enterprise Multiple IPRWA | high: 96.448 median: 96.448 mean: 84.99 low: 22.312 TRS: -213.436 |
|
| EV/R | -12.9 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.105 | |
| Asset To Liability | 1.905 | |
| Debt To Capital | 0.417 | |
| Debt To Assets | 0.34 | |
| Debt To Assets QoQ | 7.196 % | |
| Debt To Assets YoY | 1.695 % | |
| Debt To Assets IPRWA | high: 0.588 TRS: 0.34 mean: 0.22 low: 0.157 median: 0.157 |
|
| Debt To Equity | 0.716 | |
| Debt To Equity QoQ | 14.084 % | |
| Debt To Equity YoY | 7.866 % | |
| Debt To Equity IPRWA | high: 2.68 mean: 1.288 median: 1.097 TRS: 0.716 low: 0.254 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.886 | |
| Price To Book QoQ | -8.034 % | |
| Price To Book YoY | 27.721 % | |
| Price To Book IPRWA | high: 18.498 median: 17.165 mean: 14.784 TRS: 1.886 low: 0.888 |
|
| Price To Earnings (P/E) | 17.419 | |
| Price To Earnings QoQ | -70.954 % | |
| Price To Earnings YoY | -69.164 % | |
| Price To Earnings IPRWA | high: 97.213 median: 89.629 mean: 85.504 low: 44.792 TRS: 17.419 |
|
| PE/G Ratio | 0.075 | |
| Price To Sales (P/S) | -9.506 | |
| Price To Sales QoQ | -272.168 % | |
| Price To Sales YoY | -320.032 % | |
| Price To Sales IPRWA | high: 25.21 median: 25.21 mean: 22.0 low: 0.43 TRS: -9.506 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 66.654 | |
| Forward PE/G | 0.286 | |
| Forward P/S | -158.766 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 1.567 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | -0.096 | |
| Asset Turnover Ratio QoQ | -151.275 % | |
| Asset Turnover Ratio YoY | -156.602 % | |
| Asset Turnover Ratio IPRWA | high: 0.188 mean: 0.111 median: 0.098 low: 0.06 TRS: -0.096 |
|
| Receivables Turnover | -0.923 | |
| Receivables Turnover Ratio QoQ | -167.836 % | |
| Receivables Turnover Ratio YoY | -166.385 % | |
| Receivables Turnover Ratio IPRWA | high: 2.154 mean: 1.555 median: 1.431 low: 1.059 TRS: -0.923 |
|
| Inventory Turnover | -0.509 | |
| Inventory Turnover Ratio QoQ | -155.567 % | |
| Inventory Turnover Ratio YoY | -157.559 % | |
| Inventory Turnover Ratio IPRWA | high: 2.15 mean: 0.881 low: 0.711 median: 0.711 TRS: -0.509 |
|
| Days Sales Outstanding (DSO) | -98.874 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | -59.991 | |
| Cash Conversion Cycle Days QoQ | -148.799 % | |
| Cash Conversion Cycle Days YoY | -146.093 % | |
| Cash Conversion Cycle Days IPRWA | high: 124.918 median: 124.918 mean: 100.448 low: 21.955 TRS: -59.991 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -0.502 | |
| CapEx To Revenue | 0.034 | |
| CapEx To Depreciation | -0.473 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.2 B | |
| Net Invested Capital | $ 1.2 B | |
| Invested Capital | $ 1.2 B | |
| Net Tangible Assets | $ 328.8 M | |
| Net Working Capital | $ 279.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.163 | |
| Current Ratio | 2.519 | |
| Current Ratio QoQ | -6.109 % | |
| Current Ratio YoY | -5.867 % | |
| Current Ratio IPRWA | high: 3.087 TRS: 2.519 mean: 1.137 median: 1.041 low: 0.518 |
|
| Quick Ratio | 1.927 | |
| Quick Ratio QoQ | 35.588 % | |
| Quick Ratio YoY | 41.291 % | |
| Quick Ratio IPRWA | high: 2.173 TRS: 1.927 mean: 0.858 median: 0.737 low: 0.479 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -59.702 | |
| Cost Of Debt | 0.721 % | |
| Interest Coverage Ratio | -4.963 | |
| Interest Coverage Ratio QoQ | -231.523 % | |
| Interest Coverage Ratio YoY | -299.131 % | |
| Interest Coverage Ratio IPRWA | high: 15.65 median: 12.404 mean: 10.368 low: 1.07 TRS: -4.963 |
|
| Operating Cash Flow Ratio | 1.509 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 36.489 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 49.217 | |
| Dividend Payout Ratio | 0.02 | |
| Dividend Rate | $ 0.04 | |
| Dividend Yield | 0.001 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 3.571 % | |
| Revenue Growth | -151.983 % | |
| Revenue Growth QoQ | 7491.558 % | |
| Revenue Growth YoY | 26516.988 % | |
| Revenue Growth IPRWA | high: 22.863 % median: 4.4 % mean: 2.396 % low: -12.838 % TRS: -151.983 % |
|
| Earnings Growth | 232.787 % | |
| Earnings Growth QoQ | 0.0 % | |
| Earnings Growth YoY | — | |
| Earnings Growth IPRWA | TRS: 232.787 % high: 10.256 % median: -5.422 % mean: -5.792 % low: -16.438 % |
|
| MARGINS | ||
| Gross Margin | 38.937 % | |
| Gross Margin QoQ | 59.069 % | |
| Gross Margin YoY | 116.365 % | |
| Gross Margin IPRWA | high: 69.46 % mean: 39.645 % TRS: 38.937 % median: 34.238 % low: 18.012 % |
|
| EBIT Margin | 16.275 % | |
| EBIT Margin QoQ | 165.758 % | |
| EBIT Margin YoY | 227.267 % | |
| EBIT Margin IPRWA | high: 30.501 % median: 24.385 % mean: 23.123 % TRS: 16.275 % low: 1.52 % |
|
| Return On Sales (ROS) | 42.552 % | |
| Return On Sales QoQ | 584.446 % | |
| Return On Sales YoY | 755.661 % | |
| Return On Sales IPRWA | TRS: 42.552 % high: 28.578 % mean: 18.302 % median: 17.842 % low: 10.479 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 36.8 M | |
| Free Cash Flow Yield | 2.767 % | |
| Free Cash Flow Yield QoQ | 80.261 % | |
| Free Cash Flow Yield YoY | 125.326 % | |
| Free Cash Flow Yield IPRWA | high: 3.238 % TRS: 2.767 % mean: 0.972 % median: 0.577 % low: -0.755 % |
|
| Free Cash Growth | 61.35 % | |
| Free Cash Growth QoQ | -15.668 % | |
| Free Cash Growth YoY | 221.305 % | |
| Free Cash Growth IPRWA | high: 187.786 % TRS: 61.35 % mean: -6.067 % median: -15.679 % low: -114.479 % |
|
| Free Cash To Net Income | 0.451 | |
| Cash Flow Margin | -198.064 % | |
| Cash Flow To Earnings | 3.393 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | 5.598 % | |
| Return On Assets QoQ | 766.563 % | |
| Return On Assets YoY | 1236.038 % | |
| Return On Assets IPRWA | TRS: 5.598 % high: 3.359 % median: 1.967 % mean: 1.872 % low: -0.591 % |
|
| Return On Capital Employed (ROCE) | -1.75 % | |
| Return On Equity (ROE) | 0.116 | |
| Return On Equity QoQ | 802.494 % | |
| Return On Equity YoY | 1270.296 % | |
| Return On Equity IPRWA | high: 0.136 median: 0.136 TRS: 0.116 mean: 0.115 low: -0.013 |
|
| DuPont ROE | 11.421 % | |
| Return On Invested Capital (ROIC) | -1.532 % | |
| Return On Invested Capital QoQ | -237.153 % | |
| Return On Invested Capital YoY | -168.271 % | |
| Return On Invested Capital IPRWA | high: 6.833 % median: 6.833 % mean: 5.581 % low: 0.151 % TRS: -1.532 % |
|