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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) 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 $162.5M, roughly 1.6× Bitcoin Depot Inc.). TRIMAS CORP runs the higher net margin — 31.9% vs 3.4%, a 28.4% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 3.8%). TRIMAS CORP produced more free cash flow last quarter ($36.8M vs $2.5M). Over the past eight quarters, TRIMAS CORP's revenue compounded faster (3.3% CAGR vs -4.9%).

Bitcoin Depot Inc. is one of the largest cryptocurrency ATM operators across North America. It provides retail consumers with accessible in-person kiosks to buy and sell Bitcoin and other leading digital assets, alongside online crypto purchase services via bank transfer. Its self-service kiosks are located in high-traffic retail spaces including grocery stores, gas stations and convenience stores.

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.

BTM vs TRS — Head-to-Head

Bigger by revenue
TRS
TRS
1.6× larger
TRS
$256.5M
$162.5M
BTM
Growing faster (revenue YoY)
BTM
BTM
+16.3% gap
BTM
20.1%
3.8%
TRS
Higher net margin
TRS
TRS
28.4% more per $
TRS
31.9%
3.4%
BTM
More free cash flow
TRS
TRS
$34.3M more FCF
TRS
$36.8M
$2.5M
BTM
Faster 2-yr revenue CAGR
TRS
TRS
Annualised
TRS
3.3%
-4.9%
BTM

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
BTM
BTM
TRS
TRS
Revenue
$162.5M
$256.5M
Net Profit
$5.5M
$81.7M
Gross Margin
12.8%
Operating Margin
7.3%
5.7%
Net Margin
3.4%
31.9%
Revenue YoY
20.1%
3.8%
Net Profit YoY
690.4%
236.9%
EPS (diluted)
$0.08
$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.

Revenue
BTM
BTM
TRS
TRS
Q1 26
$256.5M
Q4 25
$-140.0M
Q3 25
$162.5M
$269.3M
Q2 25
$172.1M
$274.8M
Q1 25
$164.2M
$241.7M
Q4 24
$-66.2M
Q3 24
$135.3M
$229.4M
Q2 24
$163.1M
$240.5M
Net Profit
BTM
BTM
TRS
TRS
Q1 26
$81.7M
Q4 25
$81.7M
Q3 25
$5.5M
$9.3M
Q2 25
$6.1M
$16.7M
Q1 25
$4.2M
$12.4M
Q4 24
$5.6M
Q3 24
$-939.0K
$2.5M
Q2 24
$-2.6M
$10.9M
Gross Margin
BTM
BTM
TRS
TRS
Q1 26
12.8%
Q4 25
Q3 25
12.8%
Q2 25
13.8%
Q1 25
13.6%
Q4 24
Q3 24
15.4%
Q2 24
14.4%
Operating Margin
BTM
BTM
TRS
TRS
Q1 26
5.7%
Q4 25
Q3 25
7.3%
6.2%
Q2 25
9.2%
9.9%
Q1 25
10.8%
9.0%
Q4 24
Q3 24
4.1%
3.6%
Q2 24
4.7%
7.4%
Net Margin
BTM
BTM
TRS
TRS
Q1 26
31.9%
Q4 25
-58.4%
Q3 25
3.4%
3.5%
Q2 25
3.5%
6.1%
Q1 25
2.6%
5.1%
Q4 24
-8.5%
Q3 24
-0.7%
1.1%
Q2 24
-1.6%
4.5%
EPS (diluted)
BTM
BTM
TRS
TRS
Q1 26
$2.03
Q4 25
$2.01
Q3 25
$0.08
$0.23
Q2 25
$0.16
$0.41
Q1 25
$0.20
$0.30
Q4 24
$0.14
Q3 24
$-0.05
$0.06
Q2 24
$-0.13
$0.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BTM
BTM
TRS
TRS
Cash + ST InvestmentsLiquidity on hand
$59.3M
$30.0M
Total DebtLower is stronger
$67.5M
Stockholders' EquityBook value
$21.0M
$705.6M
Total Assets
$125.3M
$1.5B
Debt / EquityLower = less leverage
3.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTM
BTM
TRS
TRS
Q1 26
$30.0M
Q4 25
$30.0M
Q3 25
$59.3M
$33.6M
Q2 25
$48.0M
$30.3M
Q1 25
$35.0M
$32.7M
Q4 24
$23.1M
Q3 24
$32.2M
$26.9M
Q2 24
$43.9M
$35.0M
Total Debt
BTM
BTM
TRS
TRS
Q1 26
Q4 25
$469.2M
Q3 25
$67.5M
$407.1M
Q2 25
$66.5M
$424.5M
Q1 25
$56.2M
$434.2M
Q4 24
$398.1M
Q3 24
$44.5M
$409.9M
Q2 24
$41.2M
$427.4M
Stockholders' Equity
BTM
BTM
TRS
TRS
Q1 26
$705.6M
Q4 25
$705.6M
Q3 25
$21.0M
$725.0M
Q2 25
$4.7M
$715.3M
Q1 25
$-4.6M
$686.6M
Q4 24
$667.3M
Q3 24
$-7.9M
$682.8M
Q2 24
$4.4M
$675.9M
Total Assets
BTM
BTM
TRS
TRS
Q1 26
$1.5B
Q4 25
$1.5B
Q3 25
$125.3M
$1.4B
Q2 25
$109.1M
$1.4B
Q1 25
$89.7M
$1.4B
Q4 24
$1.3B
Q3 24
$87.4M
$1.4B
Q2 24
$97.5M
$1.4B
Debt / Equity
BTM
BTM
TRS
TRS
Q1 26
Q4 25
0.66×
Q3 25
3.21×
0.56×
Q2 25
14.18×
0.59×
Q1 25
0.63×
Q4 24
0.60×
Q3 24
0.60×
Q2 24
9.27×
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
BTM
BTM
TRS
TRS
Operating Cash FlowLast quarter
$6.6M
$117.5M
Free Cash FlowOCF − Capex
$2.5M
$36.8M
FCF MarginFCF / Revenue
1.6%
14.4%
Capex IntensityCapex / Revenue
2.5%
18.9%
Cash ConversionOCF / Net Profit
1.20×
1.44×
TTM Free Cash FlowTrailing 4 quarters
$27.1M
$109.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTM
BTM
TRS
TRS
Q1 26
$117.5M
Q4 25
$41.5M
Q3 25
$6.6M
$36.5M
Q2 25
$10.2M
$30.3M
Q1 25
$16.3M
$9.2M
Q4 24
$27.1M
Q3 24
$5.8M
$22.0M
Q2 24
$10.1M
$18.4M
Free Cash Flow
BTM
BTM
TRS
TRS
Q1 26
$36.8M
Q4 25
$36.8M
Q3 25
$2.5M
$22.8M
Q2 25
$9.8M
$13.2M
Q1 25
$15.9M
$-3.8M
Q4 24
$12.1M
Q3 24
$-1.0M
$10.2M
Q2 24
$7.6M
$7.5M
FCF Margin
BTM
BTM
TRS
TRS
Q1 26
14.4%
Q4 25
-26.3%
Q3 25
1.6%
8.5%
Q2 25
5.7%
4.8%
Q1 25
9.7%
-1.6%
Q4 24
-18.3%
Q3 24
-0.8%
4.4%
Q2 24
4.7%
3.1%
Capex Intensity
BTM
BTM
TRS
TRS
Q1 26
18.9%
Q4 25
-3.4%
Q3 25
2.5%
5.1%
Q2 25
0.2%
6.2%
Q1 25
0.2%
5.4%
Q4 24
-22.6%
Q3 24
5.0%
5.2%
Q2 24
1.5%
4.5%
Cash Conversion
BTM
BTM
TRS
TRS
Q1 26
1.44×
Q4 25
0.51×
Q3 25
1.20×
3.92×
Q2 25
1.67×
1.81×
Q1 25
3.88×
0.74×
Q4 24
4.80×
Q3 24
8.71×
Q2 24
1.68×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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