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Side-by-side financial comparison of Embecta Corp. (EMBC) and TRIMAS CORP (TRS). Click either name above to swap in a different company.

Embecta Corp. is the larger business by last-quarter revenue ($261.2M vs $256.5M, roughly 1.0× TRIMAS CORP). TRIMAS CORP runs the higher net margin — 31.9% vs 16.9%, a 15.0% gap on every dollar of revenue. On growth, TRIMAS CORP posted the faster year-over-year revenue change (3.8% vs -0.3%). TRIMAS CORP produced more free cash flow last quarter ($36.8M vs $16.6M). Over the past eight quarters, TRIMAS CORP's revenue compounded faster (3.3% CAGR vs -4.6%).

Embecta Corp. is a global medical technology company focused on diabetes care solutions. It designs, manufactures and distributes a full portfolio of products including insulin pen needles, syringes, infusion set components and related delivery devices, serving patients, healthcare providers and biopharmaceutical partners across North America, Europe, Asia Pacific and other major markets.

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.

EMBC vs TRS — Head-to-Head

Bigger by revenue
EMBC
EMBC
1.0× larger
EMBC
$261.2M
$256.5M
TRS
Growing faster (revenue YoY)
TRS
TRS
+4.1% gap
TRS
3.8%
-0.3%
EMBC
Higher net margin
TRS
TRS
15.0% more per $
TRS
31.9%
16.9%
EMBC
More free cash flow
TRS
TRS
$20.2M more FCF
TRS
$36.8M
$16.6M
EMBC
Faster 2-yr revenue CAGR
TRS
TRS
Annualised
TRS
3.3%
-4.6%
EMBC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
EMBC
EMBC
TRS
TRS
Revenue
$261.2M
$256.5M
Net Profit
$44.1M
$81.7M
Gross Margin
61.9%
12.8%
Operating Margin
31.9%
5.7%
Net Margin
16.9%
31.9%
Revenue YoY
-0.3%
3.8%
Net Profit YoY
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.

Revenue
EMBC
EMBC
TRS
TRS
Q1 26
$256.5M
Q4 25
$261.2M
$-140.0M
Q3 25
$264.0M
$269.3M
Q2 25
$295.5M
$274.8M
Q1 25
$259.0M
$241.7M
Q4 24
$261.9M
$-66.2M
Q3 24
$286.1M
$229.4M
Q2 24
$272.5M
$240.5M
Net Profit
EMBC
EMBC
TRS
TRS
Q1 26
$81.7M
Q4 25
$44.1M
$81.7M
Q3 25
$26.4M
$9.3M
Q2 25
$45.5M
$16.7M
Q1 25
$23.5M
$12.4M
Q4 24
$0
$5.6M
Q3 24
$14.6M
$2.5M
Q2 24
$14.7M
$10.9M
Gross Margin
EMBC
EMBC
TRS
TRS
Q1 26
12.8%
Q4 25
61.9%
Q3 25
60.0%
12.8%
Q2 25
66.7%
13.8%
Q1 25
63.4%
13.6%
Q4 24
60.0%
Q3 24
60.7%
15.4%
Q2 24
69.8%
14.4%
Operating Margin
EMBC
EMBC
TRS
TRS
Q1 26
5.7%
Q4 25
31.9%
Q3 25
21.4%
6.2%
Q2 25
31.8%
9.9%
Q1 25
24.3%
9.0%
Q4 24
11.0%
Q3 24
9.2%
3.6%
Q2 24
20.5%
7.4%
Net Margin
EMBC
EMBC
TRS
TRS
Q1 26
31.9%
Q4 25
16.9%
-58.4%
Q3 25
10.0%
3.5%
Q2 25
15.4%
6.1%
Q1 25
9.1%
5.1%
Q4 24
-8.5%
Q3 24
5.1%
1.1%
Q2 24
5.4%
4.5%
EPS (diluted)
EMBC
EMBC
TRS
TRS
Q1 26
$2.03
Q4 25
$0.74
$2.01
Q3 25
$0.44
$0.23
Q2 25
$0.78
$0.41
Q1 25
$0.40
$0.30
Q4 24
$0.00
$0.14
Q3 24
$0.24
$0.06
Q2 24
$0.25
$0.27

Balance Sheet & Financial Strength

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

Metric
EMBC
EMBC
TRS
TRS
Cash + ST InvestmentsLiquidity on hand
$201.3M
$30.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-613.1M
$705.6M
Total Assets
$1.1B
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EMBC
EMBC
TRS
TRS
Q1 26
$30.0M
Q4 25
$201.3M
$30.0M
Q3 25
$225.5M
$33.6M
Q2 25
$230.6M
$30.3M
Q1 25
$209.3M
$32.7M
Q4 24
$210.0M
$23.1M
Q3 24
$267.5M
$26.9M
Q2 24
$275.1M
$35.0M
Total Debt
EMBC
EMBC
TRS
TRS
Q1 26
Q4 25
$469.2M
Q3 25
$1.4B
$407.1M
Q2 25
$424.5M
Q1 25
$434.2M
Q4 24
$398.1M
Q3 24
$1.6B
$409.9M
Q2 24
$427.4M
Stockholders' Equity
EMBC
EMBC
TRS
TRS
Q1 26
$705.6M
Q4 25
$-613.1M
$705.6M
Q3 25
$-650.6M
$725.0M
Q2 25
$-669.6M
$715.3M
Q1 25
$-736.2M
$686.6M
Q4 24
$-768.8M
$667.3M
Q3 24
$-738.3M
$682.8M
Q2 24
$-763.7M
$675.9M
Total Assets
EMBC
EMBC
TRS
TRS
Q1 26
$1.5B
Q4 25
$1.1B
$1.5B
Q3 25
$1.1B
$1.4B
Q2 25
$1.2B
$1.4B
Q1 25
$1.1B
$1.4B
Q4 24
$1.1B
$1.3B
Q3 24
$1.3B
$1.4B
Q2 24
$1.3B
$1.4B
Debt / Equity
EMBC
EMBC
TRS
TRS
Q1 26
Q4 25
0.66×
Q3 25
0.56×
Q2 25
0.59×
Q1 25
0.63×
Q4 24
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
EMBC
EMBC
TRS
TRS
Operating Cash FlowLast quarter
$17.2M
$117.5M
Free Cash FlowOCF − Capex
$16.6M
$36.8M
FCF MarginFCF / Revenue
6.4%
14.4%
Capex IntensityCapex / Revenue
0.2%
18.9%
Cash ConversionOCF / Net Profit
0.39×
1.44×
TTM Free Cash FlowTrailing 4 quarters
$205.8M
$109.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EMBC
EMBC
TRS
TRS
Q1 26
$117.5M
Q4 25
$17.2M
$41.5M
Q3 25
$84.0M
$36.5M
Q2 25
$81.2M
$30.3M
Q1 25
$31.8M
$9.2M
Q4 24
$-5.3M
$27.1M
Q3 24
$26.6M
$22.0M
Q2 24
$-2.1M
$18.4M
Free Cash Flow
EMBC
EMBC
TRS
TRS
Q1 26
$36.8M
Q4 25
$16.6M
$36.8M
Q3 25
$76.7M
$22.8M
Q2 25
$80.8M
$13.2M
Q1 25
$31.7M
$-3.8M
Q4 24
$-6.8M
$12.1M
Q3 24
$10.2M
Q2 24
$-11.8M
$7.5M
FCF Margin
EMBC
EMBC
TRS
TRS
Q1 26
14.4%
Q4 25
6.4%
-26.3%
Q3 25
29.1%
8.5%
Q2 25
27.3%
4.8%
Q1 25
12.2%
-1.6%
Q4 24
-2.6%
-18.3%
Q3 24
4.4%
Q2 24
-4.3%
3.1%
Capex Intensity
EMBC
EMBC
TRS
TRS
Q1 26
18.9%
Q4 25
0.2%
-3.4%
Q3 25
2.8%
5.1%
Q2 25
0.1%
6.2%
Q1 25
0.0%
5.4%
Q4 24
0.6%
-22.6%
Q3 24
0.0%
5.2%
Q2 24
3.6%
4.5%
Cash Conversion
EMBC
EMBC
TRS
TRS
Q1 26
1.44×
Q4 25
0.39×
0.51×
Q3 25
3.18×
3.92×
Q2 25
1.78×
1.81×
Q1 25
1.35×
0.74×
Q4 24
4.80×
Q3 24
1.82×
8.71×
Q2 24
-0.14×
1.68×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EMBC
EMBC

Pen Needles$185.5M71%
Safety$37.3M14%
Syringes$30.7M12%
Manufacturing Facility$4.1M2%

TRS
TRS

Segment breakdown not available.

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