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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and TRIMAS CORP (TRS). Click either name above to swap in a different company.
TRIMAS CORP is the larger business by last-quarter revenue ($256.5M vs $164.3M, roughly 1.6× AMERICAN STATES WATER CO). TRIMAS CORP runs the higher net margin — 31.9% vs 17.5%, a 14.4% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs 3.8%). TRIMAS CORP produced more free cash flow last quarter ($36.8M vs $-36.0M). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs 3.3%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
Trimas Corp is a diversified industrial manufacturing enterprise that designs, produces and distributes a wide portfolio of engineered products, including specialized fasteners, aerospace components, custom packaging solutions, and consumer & industrial hardware. It primarily serves aerospace, automotive, construction, consumer goods and industrial sectors, with core operations across North America and selected global markets.
AWR vs TRS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $256.5M |
| Net Profit | $28.7M | $81.7M |
| Gross Margin | 88.9% | 12.8% |
| Operating Margin | 27.4% | 5.7% |
| Net Margin | 17.5% | 31.9% |
| Revenue YoY | 14.8% | 3.8% |
| Net Profit YoY | 1.1% | 236.9% |
| EPS (diluted) | $0.74 | $2.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $256.5M | ||
| Q4 25 | $164.3M | $-140.0M | ||
| Q3 25 | $182.7M | $269.3M | ||
| Q2 25 | $163.1M | $274.8M | ||
| Q1 25 | $148.0M | $241.7M | ||
| Q4 24 | $143.1M | $-66.2M | ||
| Q3 24 | $161.8M | $229.4M | ||
| Q2 24 | $155.3M | $240.5M |
| Q1 26 | — | $81.7M | ||
| Q4 25 | $28.7M | $81.7M | ||
| Q3 25 | $41.2M | $9.3M | ||
| Q2 25 | $33.7M | $16.7M | ||
| Q1 25 | $26.8M | $12.4M | ||
| Q4 24 | $28.4M | $5.6M | ||
| Q3 24 | $35.8M | $2.5M | ||
| Q2 24 | $31.9M | $10.9M |
| Q1 26 | — | 12.8% | ||
| Q4 25 | 88.9% | — | ||
| Q3 25 | 91.0% | 12.8% | ||
| Q2 25 | 92.1% | 13.8% | ||
| Q1 25 | 91.3% | 13.6% | ||
| Q4 24 | 92.4% | — | ||
| Q3 24 | 92.7% | 15.4% | ||
| Q2 24 | 89.6% | 14.4% |
| Q1 26 | — | 5.7% | ||
| Q4 25 | 27.4% | — | ||
| Q3 25 | 33.8% | 6.2% | ||
| Q2 25 | 31.3% | 9.9% | ||
| Q1 25 | 30.8% | 9.0% | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 34.0% | 3.6% | ||
| Q2 24 | 33.3% | 7.4% |
| Q1 26 | — | 31.9% | ||
| Q4 25 | 17.5% | -58.4% | ||
| Q3 25 | 22.5% | 3.5% | ||
| Q2 25 | 20.7% | 6.1% | ||
| Q1 25 | 18.1% | 5.1% | ||
| Q4 24 | 19.9% | -8.5% | ||
| Q3 24 | 22.1% | 1.1% | ||
| Q2 24 | 20.5% | 4.5% |
| Q1 26 | — | $2.03 | ||
| Q4 25 | $0.74 | $2.01 | ||
| Q3 25 | $1.06 | $0.23 | ||
| Q2 25 | $0.87 | $0.41 | ||
| Q1 25 | $0.70 | $0.30 | ||
| Q4 24 | $0.75 | $0.14 | ||
| Q3 24 | $0.95 | $0.06 | ||
| Q2 24 | $0.85 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.8M | $30.0M |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | $705.6M |
| Total Assets | $2.7B | $1.5B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $30.0M | ||
| Q4 25 | $18.8M | $30.0M | ||
| Q3 25 | $26.1M | $33.6M | ||
| Q2 25 | $20.2M | $30.3M | ||
| Q1 25 | $21.2M | $32.7M | ||
| Q4 24 | $26.7M | $23.1M | ||
| Q3 24 | $16.5M | $26.9M | ||
| Q2 24 | $3.6M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | $782.7M | $469.2M | ||
| Q3 25 | — | $407.1M | ||
| Q2 25 | — | $424.5M | ||
| Q1 25 | — | $434.2M | ||
| Q4 24 | $640.4M | $398.1M | ||
| Q3 24 | — | $409.9M | ||
| Q2 24 | — | $427.4M |
| Q1 26 | — | $705.6M | ||
| Q4 25 | $1.0B | $705.6M | ||
| Q3 25 | $1.0B | $725.0M | ||
| Q2 25 | $972.5M | $715.3M | ||
| Q1 25 | $956.4M | $686.6M | ||
| Q4 24 | $920.1M | $667.3M | ||
| Q3 24 | $879.5M | $682.8M | ||
| Q2 24 | $833.5M | $675.9M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $2.7B | $1.5B | ||
| Q3 25 | $2.7B | $1.4B | ||
| Q2 25 | $2.6B | $1.4B | ||
| Q1 25 | $2.5B | $1.4B | ||
| Q4 24 | $2.5B | $1.3B | ||
| Q3 24 | $2.4B | $1.4B | ||
| Q2 24 | $2.3B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 0.66× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | 0.70× | 0.60× | ||
| Q3 24 | — | 0.60× | ||
| Q2 24 | — | 0.63× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $27.7M | $117.5M |
| Free Cash FlowOCF − Capex | $-36.0M | $36.8M |
| FCF MarginFCF / Revenue | -21.9% | 14.4% |
| Capex IntensityCapex / Revenue | 38.8% | 18.9% |
| Cash ConversionOCF / Net Profit | 0.96× | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $109.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $117.5M | ||
| Q4 25 | $27.7M | $41.5M | ||
| Q3 25 | $92.4M | $36.5M | ||
| Q2 25 | $64.6M | $30.3M | ||
| Q1 25 | $45.1M | $9.2M | ||
| Q4 24 | $64.5M | $27.1M | ||
| Q3 24 | $63.7M | $22.0M | ||
| Q2 24 | $24.7M | $18.4M |
| Q1 26 | — | $36.8M | ||
| Q4 25 | $-36.0M | $36.8M | ||
| Q3 25 | $37.7M | $22.8M | ||
| Q2 25 | $13.7M | $13.2M | ||
| Q1 25 | $-22.5M | $-3.8M | ||
| Q4 24 | $6.0M | $12.1M | ||
| Q3 24 | $-478.0K | $10.2M | ||
| Q2 24 | $-37.0M | $7.5M |
| Q1 26 | — | 14.4% | ||
| Q4 25 | -21.9% | -26.3% | ||
| Q3 25 | 20.7% | 8.5% | ||
| Q2 25 | 8.4% | 4.8% | ||
| Q1 25 | -15.2% | -1.6% | ||
| Q4 24 | 4.2% | -18.3% | ||
| Q3 24 | -0.3% | 4.4% | ||
| Q2 24 | -23.8% | 3.1% |
| Q1 26 | — | 18.9% | ||
| Q4 25 | 38.8% | -3.4% | ||
| Q3 25 | 29.9% | 5.1% | ||
| Q2 25 | 31.2% | 6.2% | ||
| Q1 25 | 45.6% | 5.4% | ||
| Q4 24 | 40.9% | -22.6% | ||
| Q3 24 | 39.7% | 5.2% | ||
| Q2 24 | 39.8% | 4.5% |
| Q1 26 | — | 1.44× | ||
| Q4 25 | 0.96× | 0.51× | ||
| Q3 25 | 2.24× | 3.92× | ||
| Q2 25 | 1.92× | 1.81× | ||
| Q1 25 | 1.68× | 0.74× | ||
| Q4 24 | 2.27× | 4.80× | ||
| Q3 24 | 1.78× | 8.71× | ||
| Q2 24 | 0.78× | 1.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AWR
| Water Service Utility Operations | $110.0M | 67% |
| Public Utilities Inventory Water | $22.3M | 14% |
| Wastewater | $15.9M | 10% |
| Electric Service Utility Operations | $15.2M | 9% |
TRS
Segment breakdown not available.
