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Trimas cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$45.0M in Q2 2026 · −$11.4M over twelve months

Operating cash flow−$38.5M
Capital spending−$6.5M
Free cash flow−$45.0M
Cash / net income-2.9×
Cash conversion cycle-10 days

Analysis

In Q2 2026, Trimas generated −$38.5M of operating cash flow and spent $6.5M on capital projects, leaving free cash flow of −$45.0M. That is $63.1M less than in Q2 2025 ($18.1M).

Over the twelve months to Jun 30, 2026, operating cash flow was $20.1M; the largest uses were buybacks ($175M), capital spending ($31.5M), net borrowing (+) / repaid (−) ($29.0M); besides operations, cash came from asset & business sales ($1.4B), other financing ($790K); the cash balance rose by $1.2B.

Operating cash flow was −$38.5M against net income of $13.4M — -2.9× profit, less cash than reported earnings, worth checking against working capital. The largest differences: deferred taxes −$51.0M, receivables −$25.7M, depreciation & amortization +$9.9M.

Its cash conversion cycle was -10 days (receivables 74 + inventory 76 − payables 160): suppliers fund its working capital.

Free cash flow

Trimas: free cash flow by quarterTrimas: free cash flow by quarter$10.2MQ3 2024$12.1MQ4 2024−$3.8MQ1 2025$18.1MQ2 2025$22.8MQ3 2025$36.8MQ4 2025−$24.6MQ1 2026−$45.0MQ2 2026
Operating cash flow less capital spending.
Trimas: operating cash flow against capital spendingTrimas: operating cash flow against capital spendingOperating cash flowCapital spending$22.0M$11.9MQ3 2024$27.1M$15.0MQ4 2024$9.2M$12.9MQ1 2025$30.2M$12.1MQ2 2025$36.5M$13.7MQ3 2025$41.5M$4.7MQ4 2025−$19.4M$5.2MQ1 2026−$38.5M$6.5MQ2 2026
Latest (Q2 2026): Operating cash flow −$38.5M, Capital spending $6.5M.

Capital allocation, year by year

Trimas: where the cash came from (up) and went (down), by fiscal yearTrimas: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $134MFY2021: Net borrowing $351MFY2021: Asset sales $220KFY2021: Capital spending −$45.1MFY2021: Acquisitions −$34.3MFY2021: Buybacks −$19.1MFY2021: Dividends −$1.7M$486MFY2021FY2022: Operating cash flow $72.6MFY2022: Asset sales $28.8MFY2022: Capital spending −$46.0MFY2022: Acquisitions −$64.1MFY2022: Buybacks −$36.9MFY2022: Dividends −$6.9M$101MFY2022FY2023: Operating cash flow $88.2MFY2023: Net borrowing $110KFY2023: Asset sales $480KFY2023: Capital spending −$54.2MFY2023: Acquisitions −$77.3MFY2023: Buybacks −$18.8MFY2023: Dividends −$6.7M$88.8MFY2023FY2024: Operating cash flow $63.8MFY2024: Net borrowing $870KFY2024: Asset sales $4.0MFY2024: Capital spending −$51.0MFY2024: Buybacks −$19.3MFY2024: Dividends −$6.6M$68.7MFY2024FY2025: Operating cash flow $117MFY2025: Net borrowing $66.0MFY2025: Asset sales $22.0MFY2025: Capital spending −$48.4MFY2025: Acquisitions −$37.7MFY2025: Buybacks −$103MFY2025: Dividends −$6.6M$205MFY2025
Over these 5 years operating cash flow totalled $476M; the largest uses were capital spending ($245M) and acquisitions ($214M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.2B
Debt$473M
Net cash$770M
Cash runway6.9 years

Trimas is burning cash: its operations consume cash, a free cash flow of −$180M a year at the current rate against $1.2B of cash and investments: a runway of about 6.9 years before any new financing.

Trimas: debt maturities by year (FY2025)Trimas: debt maturities by year (FY2025)$400MYear 4$72.8MYear 5
Principal due in each year as disclosed in the annual report, against $1.2B of cash and investments now.

Where the cash came from and went

Trimas: sources (+) and uses (−) of cash, Q2 2026Trimas: sources (+) and uses (−) of cash, Q2 2026Cash drawn (+) / kept (−)$67.1MOperating cash flow−$38.5MBuybacks−$18.9MCapital spending−$6.5MDividends−$1.5MOther investing−$1.4MTaxes on employees’ shares−$970KAsset & business sales$400KOther financing$400KNet borrowing (+) / repaid (−)−$140K
Trimas: sources (+) and uses (−) of cash, TTM to Q2 2026Trimas: sources (+) and uses (−) of cash, TTM to Q2 2026Asset & business sales$1.4BCash drawn (+) / kept (−)−$1.2BBuybacks−$175MCapital spending−$31.5MNet borrowing (+) / repaid (−)−$29.0MOperating cash flow$20.1MDividends−$6.3MTaxes on employees’ shares−$4.6MOther financing$790KAcquisitions−$570K

From profit to cash

Trimas: net income to operating cash flow, Q2 2026Trimas: net income to operating cash flow, Q2 2026Net income$13.4MDepreciation & amortization$9.9MStock-based pay$2.3MDeferred taxes−$51.0MGains on disposals−$30KReceivables−$25.7MInventory$1.0MPayables$8.4MPrepaid and other assets$2.8MOperating cash flow−$38.5M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 20267476160-10
Q1 2026647711625
Q3 202511010044166
Q2 202510314865186
Q1 20258812460152
Q3 20249710944162

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026−$38.5M−$6.5M—−$18.9M−$1.5M−$140K$67.1M−$45.0M
Q1 2026−$19.4M−$5.2M—−$54.5M−$1.5M−$72.9M−$1.3B−$24.6M
Q4 2025$41.5M−$4.7M—−$101M−$1.7M$61.8M$3.6M$36.8M
Q3 2025$36.5M−$13.7M−$570K—−$1.7M−$17.8M−$3.4M$22.8M
Q2 2025$30.2M−$12.1M—−$1.8M−$1.7M−$13.2M$2.4M$18.1M
Q1 2025$9.2M−$12.9M−$37.2M−$460K−$1.6M$35.1M−$9.6M−$3.8M
Q4 2024$27.1M−$15.0M——−$1.6M−$12.1M$3.8M$12.1M
Q3 2024$22.0M−$11.9M—−$2.4M−$1.7M−$18.1M$8.1M$10.2M

Trimas: income statement and cash flow

Trimas, Q2 2026: revenue $175M (+2% year over year), operating margin 6.2%. The chart follows the revenue to costs, profit and cash.

Trimas: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.