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Trimas

TRS on Nasdaq. Trimas sells packaging, aerospace, and industrial products to companies and government. Market value $1.4bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

Recent profit includes a one-time gain, so we price the company excluding that gain.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Industrials stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
-0.8%low

For every $100 of what the whole company costs, it produced $-0.81 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026, without the one-off
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to December 2025
3.8%five-year median

Each dollar kept in the business earns 4 cents a year. Above 10 is good.

Quality score: 55 of 100. Price score: 33 of 100. Our list needs 70 on quality and 60 on price.

$38.97 a share, 28% above its 1-year low

Over the past year the price has ranged from $30.43 to $45.43.

Dividend: 0.4% a year

Paid every year for at least 5 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.1
0.0
0.0
0.0
0.1
-0.0
2021202220232024202512 monthsto Jun '26

Spare cash swings from quarter to quarter here: a shortfall of $11 million in the past 12 months, $69 million in the year to December 2025.

Revenue
$857m$884m$652m$631m$646m
Operating margin
11.1%11.2%7.8%2.4%6.4%
Debt to equity
0.630.610.590.600.67
Shares outstanding
0.04bn0.04bn0.04bn0.04bn0.04bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Nothing unusual
  • Financial strength (Piotroski)5 of 9
  • Profit backed by cash (accruals)Yes
  • Debt0.67× equity
  • Revenue growth, five yearsShrinking, 3.5% a year
  • Buying back its own sharesYes, 15% fewer since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $175 million last quarter, up 2% on a year ago.
  • Profit: $13 million, down 20% on a year ago.
  • It keeps 7 cents of each $1 of sales as operating profit, up from 0 cents a year earlier.
  • Over the past 12 months it spent $11 million more cash than it brought in. A year earlier it had $32 million spare.
  • 12% fewer shares than a year ago. Each share owns a bit more of the company.
  • It has $846 million more cash than debt. A year ago debt was $394 million more than cash.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$159m
December 2024$150m
March 2025$152m
June 2025$172m
September 2025$166m
December 2025$155m
March 2026$168m
June 2026$175m
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$3m
December 2024$6m
March 2025$12m
June 2025$17m
September 2025$9m
December 2025$82m
March 2026$801m
June 2026$13m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
2 March 2026
Next quarterly (estimated, 10-Q)
30 October 2026

Who owns it

6 long-term investors we follow own it, unchanged from 6 last quarter. 208 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

6 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 2 insiders bought $72,670 of shares on the open market. 2 sold $881,985, $675,465 of it under preset trading plans.

  • Tredwell Daniel P
    Director
    Bought
    Date
    12 August 2026
    Shares
    64
    Price
    $39.63
    Value
    $2,524
  • Parker Herbert K
    Director
    Sold
    under a preset trading plan
    Date
    30 June 2026
    Shares
    15,000
    Price
    $45.03
    Value
    $675,465
  • Tredwell Daniel P
    Director
    Bought
    Date
    13 May 2026
    Shares
    62
    Price
    $40.58
    Value
    $2,522
  • Robin Jodi F.
    General Counsel and Secretary
    Sold
    Date
    7 May 2026
    Shares
    2,000
    Price
    $41.61
    Value
    $83,220
  • Robin Jodi F.
    General Counsel and Secretary
    Sold
    Date
    5 May 2026
    Shares
    3,000
    Price
    $41.10
    Value
    $123,300
  • Tredwell Daniel P
    Director
    Bought
    Date
    5 March 2026
    Shares
    60
    Price
    $39.38
    Value
    $2,354
  • Tredwell Daniel P
    Director
    Bought
    Date
    12 November 2025
    Shares
    74
    Price
    $31.94
    Value
    $2,351
  • Fielkow Jeffrey A
    Director
    Bought
    Date
    11 November 2025
    Shares
    2,000
    Price
    $31.46
    Value
    $62,920

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

  • Sales have shrunk: 3.5% a year.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.