TriMas Corporation
TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and … Read more
TriMas Corporation (TRS) - Net Assets
Latest net assets as of September 2025: $725.04 Million USD
Based on the latest financial reports, TriMas Corporation (TRS) has net assets worth $725.04 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.43 Billion) and total liabilities ($708.84 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $725.04 Million |
| % of Total Assets | 50.56% |
| Annual Growth Rate | 3.29% |
| 5-Year Change | 14.21% |
| 10-Year Change | 21.95% |
| Growth Volatility | 13820.72 |
TriMas Corporation - Net Assets Trend (1993–2024)
This chart illustrates how TriMas Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TriMas Corporation (1993–2024)
The table below shows the annual net assets of TriMas Corporation from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $667.30 Million | -2.29% |
| 2023-12-31 | $682.95 Million | +4.77% |
| 2022-12-31 | $651.83 Million | +3.33% |
| 2021-12-31 | $630.85 Million | +7.98% |
| 2020-12-31 | $584.25 Million | -16.23% |
| 2019-12-31 | $697.48 Million | +12.42% |
| 2018-12-31 | $620.45 Million | +14.05% |
| 2017-12-31 | $544.02 Million | +8.86% |
| 2016-12-31 | $499.72 Million | -8.68% |
| 2015-12-31 | $547.19 Million | -7.35% |
| 2014-12-31 | $590.63 Million | +7.50% |
| 2013-12-31 | $549.41 Million | +80.98% |
| 2012-12-31 | $303.58 Million | +74.68% |
| 2011-12-31 | $173.79 Million | +54.73% |
| 2010-12-31 | $112.32 Million | +81.22% |
| 2009-12-31 | $61.98 Million | +12.90% |
| 2008-12-31 | $54.90 Million | -73.67% |
| 2007-12-31 | $208.49 Million | -10.43% |
| 2006-12-31 | $232.78 Million | -33.36% |
| 2005-12-31 | $349.30 Million | -13.79% |
| 2004-12-31 | $405.16 Million | +2.14% |
| 2003-12-31 | $396.66 Million | +2.22% |
| 2002-12-31 | $388.05 Million | -25.52% |
| 2001-12-31 | $521.00 Million | +74478.79% |
| 2000-12-31 | $698.59K | -99.82% |
| 1996-12-31 | $390.45 Million | +15.29% |
| 1995-12-31 | $338.67 Million | +16.54% |
| 1994-12-31 | $290.60 Million | +18.68% |
| 1993-12-31 | $244.85 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TriMas Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 76.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $21.67 Million | 3.25% |
| Common Stock | $410.00K | 0.06% |
| Other Comprehensive Income | $-18.55 Million | -2.78% |
| Other Components | $663.77 Million | 99.47% |
| Total Equity | $667.30 Million | 100.00% |
TriMas Corporation Competitors by Market Cap
The table below lists competitors of TriMas Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tecnoglass Inc
NYSE:TGLS
|
$1.18 Billion |
|
Gemdale Corp
SHG:600383
|
$1.18 Billion |
|
JVCKENWOOD Corporation
OTCGREY:JVCKF
|
$1.18 Billion |
|
Suofeiya Home Collection Co Ltd
SHE:002572
|
$1.18 Billion |
|
CBIZ Inc
NYSE:CBZ
|
$1.18 Billion |
|
GEORGIA CAPITAL LS 001
F:2IX
|
$1.18 Billion |
|
NIPRO CORP.
F:5FA
|
$1.18 Billion |
|
ZF Commercial Vehicle Control Systems India Limited
NSE:ZFCVINDIA
|
$1.18 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TriMas Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 682,950,000 to 667,300,000, a change of -15,650,000 (-2.3%).
- Net income of 24,250,000 contributed positively to equity growth.
- Dividend payments of 6,630,000 reduced retained earnings.
- Share repurchases of 21,030,000 reduced equity.
- Other comprehensive income decreased equity by 19,200,000.
- Other factors increased equity by 6,960,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $24.25 Million | +3.63% |
| Dividends Paid | $6.63 Million | -0.99% |
| Share Repurchases | $21.03 Million | -3.15% |
| Other Comprehensive Income | $-19.20 Million | -2.88% |
| Other Changes | $6.96 Million | +1.04% |
| Total Change | $- | -2.29% |
Book Value vs Market Value Analysis
This analysis compares TriMas Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.16x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.65x to 2.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $7.55 | $35.14 | x |
| 1994-12-31 | $7.83 | $35.14 | x |
| 1995-12-31 | $8.58 | $35.14 | x |
| 1996-12-31 | $9.86 | $35.14 | x |
| 2000-12-31 | $0.02 | $35.14 | x |
| 2001-12-31 | $14.04 | $35.14 | x |
| 2002-12-31 | $10.46 | $35.14 | x |
| 2003-12-31 | $19.79 | $35.14 | x |
| 2004-12-31 | $19.52 | $35.14 | x |
| 2005-12-31 | $17.46 | $35.14 | x |
| 2006-12-31 | $11.51 | $35.14 | x |
| 2007-12-31 | $7.32 | $35.14 | x |
| 2008-12-31 | $1.64 | $35.14 | x |
| 2009-12-31 | $1.83 | $35.14 | x |
| 2010-12-31 | $3.26 | $35.14 | x |
| 2011-12-31 | $5.00 | $35.14 | x |
| 2012-12-31 | $8.00 | $35.14 | x |
| 2013-12-31 | $13.27 | $35.14 | x |
| 2014-12-31 | $13.05 | $35.14 | x |
| 2015-12-31 | $12.13 | $35.14 | x |
| 2016-12-31 | $11.01 | $35.14 | x |
| 2017-12-31 | $11.83 | $35.14 | x |
| 2018-12-31 | $13.44 | $35.14 | x |
| 2019-12-31 | $15.30 | $35.14 | x |
| 2020-12-31 | $13.41 | $35.14 | x |
| 2021-12-31 | $14.58 | $35.14 | x |
| 2022-12-31 | $15.35 | $35.14 | x |
| 2023-12-31 | $16.38 | $35.14 | x |
| 2024-12-31 | $16.25 | $35.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TriMas Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.62%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.98x
- Recent ROE (3.63%) is above the historical average (-6.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 15.52% | 8.57% | 0.79x | 2.30x | $13.52 Million |
| 1994 | 17.24% | 9.36% | 0.87x | 2.11x | $21.04 Million |
| 1995 | 16.54% | 10.12% | 0.90x | 1.82x | $22.15 Million |
| 1996 | 15.72% | 10.22% | 0.86x | 1.78x | $22.32 Million |
| 2000 | 5.96% | 5.89% | 0.57x | 1.77x | $-28.21K |
| 2001 | -2.17% | -1.55% | 0.58x | 2.43x | $-63.42 Million |
| 2002 | -9.22% | -4.87% | 0.52x | 3.64x | $-74.56 Million |
| 2003 | -7.80% | -3.42% | 0.60x | 3.78x | $-70.60 Million |
| 2004 | -0.54% | -0.21% | 0.69x | 3.76x | $-42.71 Million |
| 2005 | -13.01% | -4.54% | 0.70x | 4.09x | $-80.39 Million |
| 2006 | -55.38% | -12.63% | 0.79x | 5.52x | $-152.19 Million |
| 2007 | -75.99% | -14.83% | 0.95x | 5.41x | $-179.28 Million |
| 2008 | -248.07% | -13.33% | 1.10x | 16.94x | $-141.68 Million |
| 2009 | -0.35% | -0.03% | 0.97x | 13.32x | $-6.42 Million |
| 2010 | 40.30% | 4.80% | 1.02x | 8.23x | $34.04 Million |
| 2011 | 34.73% | 5.57% | 1.10x | 5.68x | $42.98 Million |
| 2012 | 11.16% | 2.66% | 1.13x | 3.73x | $3.52 Million |
| 2013 | 13.75% | 5.42% | 1.07x | 2.37x | $20.61 Million |
| 2014 | 11.59% | 4.57% | 0.90x | 2.81x | $9.41 Million |
| 2015 | -6.10% | -3.87% | 0.74x | 2.14x | $-88.12 Million |
| 2016 | -7.96% | -5.01% | 0.76x | 2.10x | $-89.77 Million |
| 2017 | 5.69% | 3.79% | 0.79x | 1.90x | $-23.44 Million |
| 2018 | 13.43% | 11.82% | 0.64x | 1.77x | $21.25 Million |
| 2019 | 14.14% | 13.63% | 0.61x | 1.71x | $28.87 Million |
| 2020 | -13.65% | -10.36% | 0.64x | 2.04x | $-138.19 Million |
| 2021 | 9.08% | 6.69% | 0.66x | 2.07x | $-5.78 Million |
| 2022 | 10.15% | 7.49% | 0.68x | 2.00x | $987.00K |
| 2023 | 5.91% | 4.52% | 0.67x | 1.96x | $-27.93 Million |
| 2024 | 3.63% | 2.62% | 0.70x | 1.98x | $-42.48 Million |
Industry Comparison
This section compares TriMas Corporation's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $2,505,488,775
- Average return on equity (ROE) among peers: -21.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TriMas Corporation (TRS) | $725.04 Million | 15.52% | 0.98x | $1.18 Billion |
| Alliance Creative Group, Inc (ACGX) | $2.12 Million | 12.57% | 1.98x | $208.71K |
| Advanced Container Technologies Inc (ACTX) | $970.86K | -145.07% | 1.77x | $670.31 |
| Ardagh Metal Packaging SA (AMBP) | $286.00 Million | -73.43% | 17.62x | $605.72 Million |
| Amcor PLC (AMCR) | $11.74 Billion | 4.35% | 2.16x | $18.72 Billion |
| Avery Dennison Corp (AVY) | $1.36 Billion | -54.80% | 2.67x | $13.11 Billion |
| Ball Corporation (BALL) | $3.30 Billion | 7.98% | 3.91x | $16.41 Billion |
| Berry Global Group Inc (BERY) | $-128.00 Million | 0.00% | 0.00x | $7.83 Billion |
| Cascades Inc (CADNF) | $1.96 Billion | 10.12% | 1.77x | $571.95 Million |
| CCL Industries Inc (CCDBF) | $3.28 Billion | 16.14% | 1.24x | $7.23 Billion |
| Crown Holdings Inc (CCK) | $3.25 Billion | 3.23% | 2.83x | $11.67 Billion |