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TriMas Corporation

TRS

Consumer Cyclical · 38.37 +0.4% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

TriMas Corporation's current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 16 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.

Company+0.4% todayVolume comparison unavailable
Market group0 of 16 activeAerospace & Defense · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • TRS's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if TRS's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Consumer Cyclical · Packaging & Containers

No new filing conclusion is available. 0 of 16 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • TRS's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations320
Usable filing statements273
Verified relationships11
Evidence supporting the case
  • Operating margin changed +4.0 percentage points in the latest annual period.
  • Net margin changed +14.8 percentage points in the latest annual period.
  • Demand and volume has repeated favorable evidence across 5 filings.
  • Foreign exchange has repeated favorable evidence across 5 filings.
  • Restructuring and cost reductions has repeated favorable evidence across 3 filings.
Evidence challenging the case
  • Credit and interest rates has repeated adverse evidence across 5 filings.
Questions before a position
  • P/E is 103% above the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 176% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

38.37
6m+1.1%12m-1.0%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$857.1M+11.3%$1.32-0.7%
2022-12-31$883.8M+3.1%$1.56-1.9%
2023-12-31$652.1M-26.2%$0.97-1.9%
2024-12-31$630.8M-3.3%$0.60-2.3%
2025-12-31$645.7M+2.4%$2.95+0.2%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitymixed · 5 filings
Our overall business does not experience significant seasonal fluctuation, other than our fourth quarter, which has tended to be the lowest net sales quarter of the year due to holiday shutdowns at certain customers or other customers deferring capital spendi…
10-Q · Jul 31, 2026
Credit and interest ratesnegative · 5 filings
Our weighted average borrowings increased year-over-year primarily due to borrowings made on our revolving credit facility to fund share repurchases.
10-Q · Jul 31, 2026
Demand and volumemixed · 5 filings
Sales of steel cylinders increased $8.6 million, or 16.4%, to $60.8 million, as compared to $52.2 million, primarily due to improved demand for industrial applications and market share gains.
10-Q · Jul 31, 2026
Foreign exchangepositive · 5 filings
Net sales increased by $8.9 million due to currency exchange, as our reported results in U.S.
10-Q · Jul 31, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 2.4× · EV/sales 3.1×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

38.37+0.4% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for TRS. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for TRS. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind TRS

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

BAThe Boeing CompanycustomerMar 2, 2026

Our customer-specified and/or qualified products are used in the production of significant long-term aircraft programs, including most Boeing and Airbus commercial jetliner programs.

PKGPackaging Corporation of AmericapartnerApr 30, 2026

As part of this effort, TriMas Packaging is restructuring its commercial and operational model to eliminate silos, accelerate decision-making, and deliver more integrated customer solutions.

AMCRAmcor plccompetitorMar 2, 2026

Depending on the product and customers served, our competitors include Amcor, Aptar, Bericap, Greif, Mold-Rite, Phoenix Closures, Silgan, Technocraft and other smaller private companies located in Asia.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

TRS is currently a Follower in the organic co-movement group Aerospace & Defense. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for TRS; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.