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

TRIMAS CORP is the larger business by last-quarter revenue ($256.5M vs $191.4M, roughly 1.3× WAFD INC). WAFD INC runs the higher net margin — 33.5% vs 31.9%, a 1.7% gap on every dollar of revenue. On growth, WAFD INC posted the faster year-over-year revenue change (11.8% vs 3.8%). WAFD INC produced more free cash flow last quarter ($50.0M vs $36.8M). Over the past eight quarters, WAFD INC's revenue compounded faster (5.5% CAGR vs 3.3%).

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.

Washington Federal Bank is a bank based in Seattle, Washington. It operates 210 branches in Washington, Oregon, Idaho, Nevada, Utah, Arizona, New Mexico, California, and Texas. It is on the list of largest banks in the United States.

TRS vs WAFD — Head-to-Head

Bigger by revenue
TRS
TRS
1.3× larger
TRS
$256.5M
$191.4M
WAFD
Growing faster (revenue YoY)
WAFD
WAFD
+8.0% gap
WAFD
11.8%
3.8%
TRS
Higher net margin
WAFD
WAFD
1.7% more per $
WAFD
33.5%
31.9%
TRS
More free cash flow
WAFD
WAFD
$13.2M more FCF
WAFD
$50.0M
$36.8M
TRS
Faster 2-yr revenue CAGR
WAFD
WAFD
Annualised
WAFD
5.5%
3.3%
TRS

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
TRS
TRS
WAFD
WAFD
Revenue
$256.5M
$191.4M
Net Profit
$81.7M
$64.2M
Gross Margin
12.8%
Operating Margin
5.7%
43.0%
Net Margin
31.9%
33.5%
Revenue YoY
3.8%
11.8%
Net Profit YoY
236.9%
35.8%
EPS (diluted)
$2.03
$0.79

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
TRS
TRS
WAFD
WAFD
Q1 26
$256.5M
Q4 25
$-140.0M
$191.4M
Q3 25
$269.3M
$188.3M
Q2 25
$274.8M
$186.3M
Q1 25
$241.7M
$179.8M
Q4 24
$-66.2M
$171.1M
Q3 24
$229.4M
$188.7M
Q2 24
$240.5M
$194.4M
Net Profit
TRS
TRS
WAFD
WAFD
Q1 26
$81.7M
Q4 25
$81.7M
$64.2M
Q3 25
$9.3M
$60.6M
Q2 25
$16.7M
$62.0M
Q1 25
$12.4M
$56.3M
Q4 24
$5.6M
$47.3M
Q3 24
$2.5M
$61.1M
Q2 24
$10.9M
$64.6M
Gross Margin
TRS
TRS
WAFD
WAFD
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
TRS
TRS
WAFD
WAFD
Q1 26
5.7%
Q4 25
43.0%
Q3 25
6.2%
41.2%
Q2 25
9.9%
42.8%
Q1 25
9.0%
40.1%
Q4 24
35.2%
Q3 24
3.6%
42.8%
Q2 24
7.4%
42.6%
Net Margin
TRS
TRS
WAFD
WAFD
Q1 26
31.9%
Q4 25
-58.4%
33.5%
Q3 25
3.5%
32.2%
Q2 25
6.1%
33.3%
Q1 25
5.1%
31.3%
Q4 24
-8.5%
27.6%
Q3 24
1.1%
32.4%
Q2 24
4.5%
33.2%
EPS (diluted)
TRS
TRS
WAFD
WAFD
Q1 26
$2.03
Q4 25
$2.01
$0.79
Q3 25
$0.23
$0.71
Q2 25
$0.41
$0.73
Q1 25
$0.30
$0.65
Q4 24
$0.14
$0.54
Q3 24
$0.06
$0.73
Q2 24
$0.27
$0.75

Balance Sheet & Financial Strength

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

Metric
TRS
TRS
WAFD
WAFD
Cash + ST InvestmentsLiquidity on hand
$30.0M
$734.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$705.6M
$3.0B
Total Assets
$1.5B
$27.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TRS
TRS
WAFD
WAFD
Q1 26
$30.0M
Q4 25
$30.0M
$734.9M
Q3 25
$33.6M
$657.3M
Q2 25
$30.3M
$809.3M
Q1 25
$32.7M
$1.2B
Q4 24
$23.1M
$1.5B
Q3 24
$26.9M
$2.4B
Q2 24
$35.0M
$2.5B
Total Debt
TRS
TRS
WAFD
WAFD
Q1 26
Q4 25
$469.2M
Q3 25
$407.1M
Q2 25
$424.5M
Q1 25
$434.2M
Q4 24
$398.1M
Q3 24
$409.9M
Q2 24
$427.4M
Stockholders' Equity
TRS
TRS
WAFD
WAFD
Q1 26
$705.6M
Q4 25
$705.6M
$3.0B
Q3 25
$725.0M
$3.0B
Q2 25
$715.3M
$3.0B
Q1 25
$686.6M
$3.0B
Q4 24
$667.3M
$3.0B
Q3 24
$682.8M
$3.0B
Q2 24
$675.9M
$3.0B
Total Assets
TRS
TRS
WAFD
WAFD
Q1 26
$1.5B
Q4 25
$1.5B
$27.3B
Q3 25
$1.4B
$26.7B
Q2 25
$1.4B
$26.7B
Q1 25
$1.4B
$27.6B
Q4 24
$1.3B
$27.7B
Q3 24
$1.4B
$28.1B
Q2 24
$1.4B
$28.6B
Debt / Equity
TRS
TRS
WAFD
WAFD
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
TRS
TRS
WAFD
WAFD
Operating Cash FlowLast quarter
$117.5M
$60.5M
Free Cash FlowOCF − Capex
$36.8M
$50.0M
FCF MarginFCF / Revenue
14.4%
26.1%
Capex IntensityCapex / Revenue
18.9%
5.5%
Cash ConversionOCF / Net Profit
1.44×
0.94×
TTM Free Cash FlowTrailing 4 quarters
$109.7M
$377.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TRS
TRS
WAFD
WAFD
Q1 26
$117.5M
Q4 25
$41.5M
$60.5M
Q3 25
$36.5M
$237.0M
Q2 25
$30.3M
$58.0M
Q1 25
$9.2M
$72.1M
Q4 24
$27.1M
$49.4M
Q3 24
$22.0M
$439.2M
Q2 24
$18.4M
$63.1M
Free Cash Flow
TRS
TRS
WAFD
WAFD
Q1 26
$36.8M
Q4 25
$36.8M
$50.0M
Q3 25
$22.8M
$208.2M
Q2 25
$13.2M
$53.1M
Q1 25
$-3.8M
$66.6M
Q4 24
$12.1M
$43.0M
Q3 24
$10.2M
$414.6M
Q2 24
$7.5M
$58.3M
FCF Margin
TRS
TRS
WAFD
WAFD
Q1 26
14.4%
Q4 25
-26.3%
26.1%
Q3 25
8.5%
110.6%
Q2 25
4.8%
28.5%
Q1 25
-1.6%
37.0%
Q4 24
-18.3%
25.1%
Q3 24
4.4%
219.7%
Q2 24
3.1%
30.0%
Capex Intensity
TRS
TRS
WAFD
WAFD
Q1 26
18.9%
Q4 25
-3.4%
5.5%
Q3 25
5.1%
15.2%
Q2 25
6.2%
2.6%
Q1 25
5.4%
3.1%
Q4 24
-22.6%
3.8%
Q3 24
5.2%
13.1%
Q2 24
4.5%
2.5%
Cash Conversion
TRS
TRS
WAFD
WAFD
Q1 26
1.44×
Q4 25
0.51×
0.94×
Q3 25
3.92×
3.91×
Q2 25
1.81×
0.94×
Q1 25
0.74×
1.28×
Q4 24
4.80×
1.05×
Q3 24
8.71×
7.18×
Q2 24
1.68×
0.98×

Financial Flow Comparison

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

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