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Side-by-side financial comparison of CPI Card Group Inc. (PMTS) 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 $153.1M, roughly 1.7× CPI Card Group Inc.). TRIMAS CORP runs the higher net margin — 31.9% vs 4.8%, a 27.1% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 3.8%). TRIMAS CORP produced more free cash flow last quarter ($36.8M vs $35.2M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% CAGR vs 3.3%).
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
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.
PMTS vs TRS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $153.1M | $256.5M |
| Net Profit | $7.3M | $81.7M |
| Gross Margin | 31.5% | 12.8% |
| Operating Margin | 12.0% | 5.7% |
| Net Margin | 4.8% | 31.9% |
| Revenue YoY | 22.3% | 3.8% |
| Net Profit YoY | 8.5% | 236.9% |
| EPS (diluted) | $0.62 | $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 | $153.1M | $-140.0M | ||
| Q3 25 | $138.0M | $269.3M | ||
| Q2 25 | $129.8M | $274.8M | ||
| Q1 25 | $122.8M | $241.7M | ||
| Q4 24 | $125.1M | $-66.2M | ||
| Q3 24 | $124.8M | $229.4M | ||
| Q2 24 | $118.8M | $240.5M |
| Q1 26 | — | $81.7M | ||
| Q4 25 | $7.3M | $81.7M | ||
| Q3 25 | $2.3M | $9.3M | ||
| Q2 25 | $518.0K | $16.7M | ||
| Q1 25 | $4.8M | $12.4M | ||
| Q4 24 | $6.8M | $5.6M | ||
| Q3 24 | $1.3M | $2.5M | ||
| Q2 24 | $6.0M | $10.9M |
| Q1 26 | — | 12.8% | ||
| Q4 25 | 31.5% | — | ||
| Q3 25 | 29.7% | 12.8% | ||
| Q2 25 | 30.9% | 13.8% | ||
| Q1 25 | 33.2% | 13.6% | ||
| Q4 24 | 34.1% | — | ||
| Q3 24 | 35.8% | 15.4% | ||
| Q2 24 | 35.7% | 14.4% |
| Q1 26 | — | 5.7% | ||
| Q4 25 | 12.0% | — | ||
| Q3 25 | 9.4% | 6.2% | ||
| Q2 25 | 7.3% | 9.9% | ||
| Q1 25 | 11.5% | 9.0% | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 14.3% | 3.6% | ||
| Q2 24 | 12.5% | 7.4% |
| Q1 26 | — | 31.9% | ||
| Q4 25 | 4.8% | -58.4% | ||
| Q3 25 | 1.7% | 3.5% | ||
| Q2 25 | 0.4% | 6.1% | ||
| Q1 25 | 3.9% | 5.1% | ||
| Q4 24 | 5.4% | -8.5% | ||
| Q3 24 | 1.0% | 1.1% | ||
| Q2 24 | 5.1% | 4.5% |
| Q1 26 | — | $2.03 | ||
| Q4 25 | $0.62 | $2.01 | ||
| Q3 25 | $0.19 | $0.23 | ||
| Q2 25 | $0.04 | $0.41 | ||
| Q1 25 | $0.40 | $0.30 | ||
| Q4 24 | $0.56 | $0.14 | ||
| Q3 24 | $0.11 | $0.06 | ||
| Q2 24 | $0.51 | $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 | $21.7M | $30.0M |
| Total DebtLower is stronger | $286.7M | — |
| Stockholders' EquityBook value | $-17.3M | $705.6M |
| Total Assets | $403.2M | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $30.0M | ||
| Q4 25 | $21.7M | $30.0M | ||
| Q3 25 | $16.0M | $33.6M | ||
| Q2 25 | $17.1M | $30.3M | ||
| Q1 25 | $31.5M | $32.7M | ||
| Q4 24 | $33.5M | $23.1M | ||
| Q3 24 | $14.7M | $26.9M | ||
| Q2 24 | $7.5M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | $286.7M | $469.2M | ||
| Q3 25 | $308.4M | $407.1M | ||
| Q2 25 | $310.9M | $424.5M | ||
| Q1 25 | $280.7M | $434.2M | ||
| Q4 24 | $280.4M | $398.1M | ||
| Q3 24 | $280.2M | $409.9M | ||
| Q2 24 | $269.7M | $427.4M |
| Q1 26 | — | $705.6M | ||
| Q4 25 | $-17.3M | $705.6M | ||
| Q3 25 | $-25.7M | $725.0M | ||
| Q2 25 | $-29.0M | $715.3M | ||
| Q1 25 | $-29.7M | $686.6M | ||
| Q4 24 | $-35.6M | $667.3M | ||
| Q3 24 | $-42.8M | $682.8M | ||
| Q2 24 | $-44.6M | $675.9M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $403.2M | $1.5B | ||
| Q3 25 | $407.1M | $1.4B | ||
| Q2 25 | $399.8M | $1.4B | ||
| Q1 25 | $351.9M | $1.4B | ||
| Q4 24 | $349.7M | $1.3B | ||
| Q3 24 | $342.3M | $1.4B | ||
| Q2 24 | $321.4M | $1.4B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $39.6M | $117.5M |
| Free Cash FlowOCF − Capex | $35.2M | $36.8M |
| FCF MarginFCF / Revenue | 23.0% | 14.4% |
| Capex IntensityCapex / Revenue | 2.9% | 18.9% |
| Cash ConversionOCF / Net Profit | 5.39× | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | $41.3M | $109.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $117.5M | ||
| Q4 25 | $39.6M | $41.5M | ||
| Q3 25 | $10.0M | $36.5M | ||
| Q2 25 | $4.3M | $30.3M | ||
| Q1 25 | $5.6M | $9.2M | ||
| Q4 24 | $26.7M | $27.1M | ||
| Q3 24 | $12.5M | $22.0M | ||
| Q2 24 | $-4.8M | $18.4M |
| Q1 26 | — | $36.8M | ||
| Q4 25 | $35.2M | $36.8M | ||
| Q3 25 | $5.3M | $22.8M | ||
| Q2 25 | $533.0K | $13.2M | ||
| Q1 25 | $292.0K | $-3.8M | ||
| Q4 24 | $21.6M | $12.1M | ||
| Q3 24 | $11.1M | $10.2M | ||
| Q2 24 | $-6.0M | $7.5M |
| Q1 26 | — | 14.4% | ||
| Q4 25 | 23.0% | -26.3% | ||
| Q3 25 | 3.8% | 8.5% | ||
| Q2 25 | 0.4% | 4.8% | ||
| Q1 25 | 0.2% | -1.6% | ||
| Q4 24 | 17.3% | -18.3% | ||
| Q3 24 | 8.9% | 4.4% | ||
| Q2 24 | -5.0% | 3.1% |
| Q1 26 | — | 18.9% | ||
| Q4 25 | 2.9% | -3.4% | ||
| Q3 25 | 3.4% | 5.1% | ||
| Q2 25 | 2.9% | 6.2% | ||
| Q1 25 | 4.3% | 5.4% | ||
| Q4 24 | 4.0% | -22.6% | ||
| Q3 24 | 1.2% | 5.2% | ||
| Q2 24 | 1.0% | 4.5% |
| Q1 26 | — | 1.44× | ||
| Q4 25 | 5.39× | 0.51× | ||
| Q3 25 | 4.32× | 3.92× | ||
| Q2 25 | 8.39× | 1.81× | ||
| Q1 25 | 1.17× | 0.74× | ||
| Q4 24 | 3.94× | 4.80× | ||
| Q3 24 | 9.70× | 8.71× | ||
| Q2 24 | -0.79× | 1.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
TRS
Segment breakdown not available.
