TriMas Corporation (TRS) Balance Sheet
TRS balance sheet, 2025
December 31, 2025 · U.S. dollars$1.49B assets = $779.5M liabilities + $705.6M equity
Both columns are drawn to the same scale: what TRS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TRS financial health
Descriptive bands, not a rating. Fiscal 2025.
TRS balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.05B2016 | $1.49B2025 | +3.9%/yr | |
| Total liabilities | $551.9M2016 | $779.5M2025 | +3.9%/yr | |
| Shareholders’ equity | $499.7M2016 | $705.6M2025 | +3.9%/yr | |
| Cash & short-term investments | $20.7M2016 | $30.0M2025 | +4.2%/yr | |
| Total debt | $374.6M2016 | $505.1M2025 | +3.4%/yr | |
| Net cash (debt) | −$353.9M2016 | −$475.1M2025 | −$121.1M | |
| Working capital | $175.5M2016 | $279.0M2025 | +$103.5M | |
| Book value per share | $11.012016 | $17.302025 | +5.2%/yr | |
| Current ratio | 2.322016 | 2.522025 | +0.20 | |
| Debt / equity | 0.752016 | 0.722025 | −0.03 | |
| Shares outstanding | 45.4M2016 | 40.8M2025 | −1.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TRS assets
TRS liabilities and equity
TRS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TRS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $30.0M | $23.1M | $34.9M | $112.1M | $140.7M | $74.0M | $172.5M | $108.2M | $27.6M | $20.7M |
| Cash & equivalents | $30.0M | $23.1M | $34.9M | $112.1M | $140.7M | $74.0M | $172.5M | $108.2M | $27.6M | $20.7M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $160,000 |
| Receivables | $111.3M | $164.8M | $148.0M | $132.4M | $125.6M | $113.4M | $108.9M | $97.2M | $112.2M | $111.6M |
| Inventory | $108.7M | $209.2M | $192.4M | $163.4M | $152.4M | $149.4M | $132.7M | $173.1M | $155.3M | $160.5M |
| Other current assets | $212.7M | $29.6M | $22.0M | $14.8M | $12.9M | $15.1M | $20.1M | $33.4M | $16.1M | $16.1M |
| Total current assets | $462.7M | $426.6M | $397.4M | $422.7M | $431.8M | $351.8M | $434.0M | $411.8M | $311.3M | $308.8M |
| Property, plant & equipment (net) | $279.3M | $359.1M | $373.2M | $325.0M | $316.3M | $290.9M | $242.2M | $187.8M | $190.2M | $179.2M |
| Goodwill & intangible assets | $376.8M | $517.4M | $544.8M | $527.9M | $512.2M | $510.2M | $496.0M | $491.2M | $513.6M | $529.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $366.3M | $21.0M | $26.3M | $29.4M | $43.4M | $41.0M | $20.4M | $9.7M | $18.1M | $34.7M |
| Total assets | $1.49B | $1.32B | $1.34B | $1.30B | $1.30B | $1.19B | $1.19B | $1.10B | $1.03B | $1.05B |
| Liabilities | ||||||||||
| Accounts payable | $72.3M | $91.0M | $91.9M | $85.2M | $87.8M | $69.9M | $72.7M | $67.4M | $72.4M | $72.3M |
| Short-term debt | $4.1M | $8.0M | $7.9M | $8.3M | $8.1M | $6.7M | $5.1M | — | $303.1M | $13.8M |
| Deferred revenue | $10.6M | $7.4M | $23.0M | $9.4M | — | — | — | — | — | — |
| Total current liabilities | $183.7M | $159.4M | $159.4M | $140.2M | $154.9M | $137.2M | $119.8M | $141.7M | $121.9M | $133.3M |
| Long-term debt | $469.2M | $398.1M | $395.7M | $394.7M | $393.8M | $346.3M | $294.7M | $293.6M | $303.1M | $360.8M |
| Lease obligations | $35.9M | $44.7M | $47.6M | $49.3M | $51.9M | $38.4M | $28.2M | — | — | — |
| Other long-term liabilities | $126.7M | $99.3M | $103.6M | $118.3M | $124.1M | $126.2M | $80.7M | $44.8M | $64.2M | $57.8M |
| Total liabilities | $779.5M | $656.9M | $658.7M | $653.2M | $672.8M | $609.6M | $495.2M | $480.1M | $489.2M | $551.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $380,000 | $410,000 | $410,000 | $420,000 | $430,000 | $430,000 | $450,000 | $460,000 | $824.3M | $818.0M |
| Retained earnings (deficit) | $127.4M | $21.7M | $4.2M | −$36.1M | −$102.3M | −$159.6M | −$79.8M | −$179.7M | −$263.0M | −$293.9M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$10,000 | −$18.6M | $650,000 | −$8.6M | $230,000 | −$5.6M | −$6.0M | −$16.9M | −$17.3M | −$24.4M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $705.6M | $667.3M | $683.0M | $651.8M | $630.9M | $584.2M | $697.5M | $620.5M | $544.0M | $499.7M |
| Key figures | ||||||||||
| Total debt | $505.1M | $442.8M | $443.2M | $444.0M | $445.7M | $384.6M | $322.9M | $293.6M | $303.1M | $374.6M |
| Net cash (debt) | −$475.1M | −$419.8M | −$408.4M | −$331.9M | −$305.0M | −$310.7M | −$150.4M | −$185.4M | −$275.5M | −$353.9M |
| Working capital | $279.0M | $267.2M | $237.9M | $282.5M | $276.9M | $214.6M | $314.2M | $270.1M | $189.4M | $175.5M |
| Tangible book value | $328.8M | $149.9M | $138.2M | $123.9M | $118.6M | $74.1M | $201.4M | $129.3M | $30.4M | −$29.3M |
| Book value per share | $17.30 | $16.39 | $16.38 | $15.35 | $14.58 | $13.41 | $15.30 | $13.44 | $11.83 | $11.01 |
| Shares outstanding | 40.8M | 40.7M | 41.7M | 42.5M | 43.3M | 43.6M | 45.6M | 46.2M | 46.0M | 45.4M |
| Current ratio | 2.52 | 2.68 | 2.49 | 3.02 | 2.79 | 2.56 | 3.62 | 2.91 | 2.55 | 2.32 |
| Quick ratio | 0.77 | 1.18 | 1.15 | 1.74 | 1.72 | 1.37 | 2.35 | 1.45 | 1.15 | 0.99 |
| Debt / equity | 0.72 | 0.66 | 0.65 | 0.68 | 0.71 | 0.66 | 0.46 | 0.47 | 0.56 | 0.75 |
| Equity / assets | 47.5% | 50.4% | 50.9% | 49.9% | 48.4% | 48.9% | 58.5% | 56.4% | 52.7% | 47.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.24B | $1.31B | $30.0M | $33.6M | $30.3M | $32.7M | $23.1M | $26.9M | $35.0M | $30.5M | $34.9M | $34.7M |
| Cash & equivalents | $1.24B | $1.31B | $30.0M | $33.6M | $30.3M | $32.7M | $23.1M | $26.9M | $35.0M | $30.5M | $34.9M | $34.7M |
| Receivables | $153.6M | $128.6M | $111.3M | $192.1M | $203.8M | $183.8M | $164.8M | $163.3M | $169.7M | $162.7M | $148.0M | $165.8M |
| Inventory | $116.5M | $117.3M | $108.7M | $227.2M | $216.9M | $218.9M | $209.2M | $213.9M | $208.6M | $206.3M | $192.4M | $182.3M |
| Other current assets | $34.5M | $34.5M | $212.7M | $30.3M | $38.2M | $29.5M | $29.6M | $31.3M | $25.6M | $28.4M | $22.0M | $24.6M |
| Total current assets | $1.55B | $1.59B | $462.7M | $483.2M | $489.1M | $464.9M | $426.6M | $435.3M | $438.9M | $427.7M | $397.4M | $407.4M |
| Property, plant & equipment (net) | $277.3M | $282.1M | $279.3M | $383.9M | $383.0M | $367.2M | $359.1M | $371.5M | $368.5M | $373.8M | $373.2M | $362.3M |
| Goodwill & intangible assets | $369.6M | $372.4M | $376.8M | $545.4M | $551.5M | $540.3M | $517.4M | $533.8M | $531.6M | $537.0M | $544.8M | $543.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $51.6M | $52.7M | $366.3M | $21.5M | $21.7M | $21.3M | $21.0M | $27.2M | $26.8M | $26.0M | $26.3M | $28.9M |
| Total assets | $2.25B | $2.30B | $1.49B | $1.43B | $1.45B | $1.39B | $1.32B | $1.37B | $1.37B | $1.36B | $1.34B | $1.34B |
| Liabilities | ||||||||||||
| Accounts payable | $223.4M | $267.2M | $72.3M | $90.3M | $102.7M | $87.4M | $91.0M | $80.8M | $90.7M | $82.2M | $91.9M | $81.5M |
| Short-term debt | $8.0M | $7.2M | $4.1M | $9.6M | $9.7M | $9.1M | $8.0M | $8.0M | $7.9M | $8.0M | $7.9M | $8.8M |
| Deferred revenue | — | — | $10.6M | — | — | — | $7.4M | — | — | — | — | — |
| Total current liabilities | $284.2M | $327.5M | $183.7M | $180.1M | $188.8M | $164.9M | $159.4M | $154.0M | $155.7M | $156.8M | $159.4M | $157.6M |
| Long-term debt | $396.9M | $396.6M | $469.2M | $407.1M | $424.5M | $434.2M | $398.1M | $409.9M | $427.4M | $424.9M | $395.7M | $395.4M |
| Lease obligations | $40.9M | $42.7M | $35.9M | $47.9M | $50.3M | $49.6M | $44.7M | $46.5M | $44.0M | $46.0M | $47.6M | $49.9M |
| Other long-term liabilities | $122.0M | $123.2M | $126.7M | $121.7M | $116.8M | $108.1M | $99.3M | $121.2M | $106.9M | $109.5M | $103.6M | $114.0M |
| Total liabilities | $803.0M | $847.3M | $779.5M | $708.8M | $730.1M | $707.2M | $656.9M | $685.1M | $689.9M | $691.3M | $658.7M | $667.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $360,000 | $360,000 | $380,000 | $410,000 | $410,000 | $410,000 | $410,000 | $410,000 | $410,000 | $410,000 | $410,000 | $410,000 |
| Retained earnings (deficit) | $917.0M | $917.1M | $127.4M | $55.1M | $47.4M | $32.5M | $21.7M | $17.7M | $16.9M | $7.6M | $4.2M | −$3.7M |
| Accumulated other comprehensive income | −$1.8M | −$209,999 | −$10,000 | $1.5M | $2.6M | −$10.9M | −$18.6M | −$339,999 | −$7.1M | −$2.2M | $650,000 | −$6.2M |
| Total shareholders' equity | $1.44B | $1.45B | $705.6M | $725.0M | $715.3M | $686.6M | $667.3M | $682.8M | $675.9M | $673.2M | $683.0M | $675.0M |
| Key figures | ||||||||||||
| Total debt | $437.8M | $439.3M | $505.1M | $454.9M | $474.8M | $483.8M | $442.8M | $456.5M | $471.3M | $470.9M | $443.2M | $445.4M |
| Net cash (debt) | $804.7M | $870.3M | −$475.1M | −$421.3M | −$444.5M | −$451.1M | −$419.8M | −$429.6M | −$436.3M | −$440.4M | −$408.4M | −$410.7M |
| Working capital | $1.26B | $1.26B | $279.0M | $303.1M | $300.4M | $300.0M | $267.2M | $281.4M | $283.2M | $270.9M | $237.9M | $249.9M |
| Tangible book value | $1.07B | $1.08B | $328.8M | $179.7M | $163.7M | $146.3M | $149.9M | $149.0M | $144.3M | $136.2M | $138.2M | $131.7M |
| Book value per share | $39.84 | $38.74 | $17.57 | $17.64 | $17.48 | $16.76 | $16.45 | $16.67 | $16.49 | $16.29 | $16.41 | $16.20 |
| Shares outstanding | 36.2M | 37.4M | 40.1M | 41.1M | 40.9M | 41.0M | 40.6M | 40.9M | 41.0M | 41.3M | 41.6M | 41.7M |
| Current ratio | 5.44 | 4.85 | 2.52 | 2.68 | 2.59 | 2.82 | 2.68 | 2.83 | 2.82 | 2.73 | 2.49 | 2.59 |
| Quick ratio | 4.91 | 4.39 | 0.77 | 1.25 | 1.24 | 1.31 | 1.18 | 1.23 | 1.31 | 1.23 | 1.15 | 1.27 |
| Debt / equity | 0.30 | 0.30 | 0.72 | 0.63 | 0.66 | 0.70 | 0.66 | 0.67 | 0.70 | 0.70 | 0.65 | 0.66 |
| Equity / assets | 64.2% | 63.1% | 47.5% | 50.6% | 49.5% | 49.3% | 50.4% | 49.9% | 49.5% | 49.3% | 50.9% | 50.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 2, 2026); data from EODHD.
TRS financial position
At the end of fiscal 2025 (December 31, 2025), TriMas had total assets of $1.5 billion (up 12.2% from a year earlier), total liabilities of $779.5 million and shareholders' equity of $705.6 million. It held $30.0 million in cash and short-term investments against $505.1 million of debt, net debt of $475.1 million. Its current ratio was 2.52. In the latest quarter (ended June 30, 2026) total assets were $2.2 billion and equity $1.4 billion.
Related: TRS income statement, TRS cash flow statement, TRS key metrics. See the TRS stock overview for the latest quote and news.
TRS balance sheet FAQ
What are TriMas's total assets?
TriMas reported total assets of $1.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.3 billion a year earlier.
How much debt does TriMas have?
TriMas had $505.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.72.
How much cash does TriMas have?
TriMas held $30.0 million in cash and short-term investments at the end of fiscal 2025; with $505.1 million of debt that is net debt of $475.1 million.
What is TriMas's book value?
TriMas's shareholders' equity (book value) was $705.6 million at the end of fiscal 2025, or $17.30 per share.
What is TriMas's current ratio?
TriMas had current assets of $462.7 million and current liabilities of $183.7 million, a current ratio of 2.52 (it can cover its short-term obligations).
How much goodwill does TriMas have?
TriMas carried $376.8 million of goodwill and intangible assets, 25.4% of total assets, at the end of fiscal 2025.