Trimas Corp. (TRS) intrinsic value & 10-year financials
Trimas Corp. (TRS) has a Graham intrinsic value of $97.99 per share. At $38.75 on Oct 17, 2026, the stock trades 60% below that value. Over the last 10 fiscal years revenue shrank 2.3% a year to $645.7M, with an average return on invested capital of 4.5%.
- Graham intrinsic value
- $97.99
- Share price (Oct 17, 2026)
- $38.75
- Price vs Graham value
- 60% below
- Market cap
- $1.6B
- Revenue (FY2025)
- $645.7M
- Revenue growth (10-yr CAGR)
- -2.3%
- ROIC (10-yr avg)
- 4.5%
- Free cash flow (FY2025)
- $69.1M
TRS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $645.7M | $120.1M | $2.95 | $69.1M | 6.4% | 3.8% |
| FY2024 | $925.0M | $24.2M | $0.59 | $12.8M | 5.1% | 3.7% |
| FY2023 | $893.5M | $40.4M | $0.97 | $34.0M | 7.3% | 5.3% |
| FY2022 | $883.8M | $66.2M | $1.56 | $26.6M | 11.2% | 8.2% |
| FY2021 | $857.1M | $57.3M | $1.32 | $89.2M | 11.1% | 9.1% |
| FY2020 | $770.0M | -$79.8M | -$1.83 | $86.9M | -11.5% | -8.2% |
| FY2019 | $723.5M | $98.6M | $2.16 | $45.9M | 12.6% | 9.6% |
| FY2018 | $877.1M | $83.3M | $1.80 | $104.3M | 13.9% | 11.8% |
| FY2017 | $817.7M | $31.0M | $0.67 | $83.3M | 10.8% | 5.3% |
| FY2016 | $794.0M | -$39.8M | -$0.88 | $49.1M | -5.5% | -3.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
TRIMAS CORP is facing top-line stagnation, with revenue contracting over the decade.
TRIMAS CORP has historically struggled to out-earn its cost of capital, averaging just 4.5% ROIC.
Over the decade, TRIMAS CORP shows that management has aggressively returned capital to shareholders by retiring 10.2% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, TRIMAS CORP is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $97.99 per share.