Trimble Inc.

TRMB · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988
Valuation
Market cap	$18,636	$17,234	$13,234	$12,469	$21,885	$16,760	$10,465	$8,261	$10,201	$7,568	$5,384	$6,903	$8,906	$7,506	$5,326	$4,806	$3,019	$2,609	$3,607	$2,791	$1,889	$1,690	$1,179	$357	$401	$566	$485	$163	$483	$252	$383	$300	$151	$142	$293	$145	$153	$153
Enterprise value	$19,775	$18,030	$16,193	$13,823	$23,009	$18,180	$12,234	$10,057	$10,577	$7,861	$5,999	$7,502	$9,530	$8,276	$5,756	$4,758	$2,902	$2,621	$3,565	$2,662	$1,815	$1,658	$1,224	$467	$560	$777	$415	$155	$493	$230	$356	$284	$156	$157	$309	$138	$161	$160
P/E (TTM) at period end	43.95×	11.46×	42.51×	27.73×	44.42×	42.98×	20.35×	29.21×	86.16×	57.16×	44.46×	32.24×	40.68×	39.29×	35.33×	46.36×	47.59×	18.44×	30.73×	26.93×	22.26×	24.98×	30.65×	34.57×	–	39.93×	22.45×	–	51.91×	–	33.91×	29.99×	44.35×	–	41.85×	65.97×	305.75×	254.79×
P/S (TTM) at period end	5.20×	4.68×	3.48×	3.39×	5.98×	5.32×	3.21×	2.66×	3.84×	3.20×	2.35×	2.88×	3.89×	3.68×	3.24×	3.71×	2.68×	1.96×	2.95×	2.97×	2.44×	2.53×	2.18×	0.76×	0.84×	1.53×	1.79×	0.63×	1.77×	1.08×	1.63×	1.71×	1.01×	1.12×	1.94×	2.29×	5.48×	8.49×
P/B at period end	3.19×	3.00×	2.94×	3.08×	5.55×	4.66×	3.36×	3.09×	4.22×	3.28×	2.43×	2.95×	4.01×	3.96×	3.39×	3.52×	2.40×	2.29×	3.25×	3.73×	3.31×	3.58×	3.39×	1.77×	2.89×	4.20×	4.81×	2.18×	3.46×	2.04×	2.95×	5.59×	3.88×	4.83×	6.23×	4.01×	27.30×	117.59×
EV / EBITDA (TTM)	24.97×	26.03×	33.24×	25.08×	38.20×	39.57×	29.46×	28.23×	39.13×	36.16×	31.39×	25.53×	34.23×	35.03×	32.53×	32.63×	27.74×	12.82×	15.20×	16.40×	12.62×	16.02×	16.50×	8.81×	13.44×	16.47×	14.02×	–	21.83×	–	16.61×	12.50×	10.21×	–	20.06×	23.38×	–	–
EV / Sales (TTM)	5.51×	4.90×	4.26×	3.76×	6.29×	5.78×	3.75×	3.24×	3.99×	3.33×	2.62×	3.13×	4.17×	4.06×	3.50×	3.68×	2.58×	1.97×	2.92×	2.83×	2.34×	2.48×	2.26×	1.00×	1.18×	2.10×	1.53×	0.60×	1.81×	0.98×	1.51×	1.62×	1.04×	1.23×	2.05×	2.18×	5.76×	8.88×
Returns
Return on equity	7.3%	26.2%	6.9%	11.1%	12.5%	10.8%	16.5%	10.6%	4.9%	5.7%	5.5%	9.1%	9.9%	10.1%	9.6%	7.6%	5.0%	12.4%	10.6%	13.9%	14.9%	14.3%	11.1%	5.1%	(16.5%)	10.5%	21.4%	(71.5%)	6.7%	(9.1%)	8.7%	18.7%	8.7%	(85.8%)	14.9%	6.1%	8.9%	46.2%
Return on invested capital	7.1%	5.3%	5.2%	7.5%	9.5%	8.3%	7.7%	7.2%	3.8%	4.9%	4.3%	7.1%	7.6%	6.6%	7.0%	7.1%	5.5%	11.8%	10.7%	15.3%	17.1%	17.6%	13.7%	8.1%	0.1%	6.8%	22.1%	(19.2%)	5.6%	(9.7%)	10.5%	33.1%	14.3%	(32.6%)	12.2%	8.1%	(9.5%)	(9.0%)
Dividend yield	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	1.09×	1.27×	1.00×	1.04×	1.22×	0.98×	1.02×	1.03×	1.70×	1.42×	1.21×	1.53×	1.45×	1.74×	1.78×	2.84×	3.09×	2.64×	2.23×	2.53×	2.46×	2.46×	2.37×	1.58×	1.14×	0.95×	3.37×	2.64×	4.65×	4.57×	4.83×	4.08×	2.22×	1.64×	2.05×	3.22×	1.67×	2.85×
Debt / equity	0.24×	0.24×	0.68×	0.38×	0.33×	0.43×	0.59×	0.74×	0.38×	0.27×	0.33×	0.31×	0.34×	0.48×	0.36×	0.11×	0.12×	0.13×	0.05×	0.00×	0.00×	0.08×	0.26×	0.69×	1.38×	1.86×	0.32×	0.44×	0.22×	0.00×	0.02×	0.03×	0.19×	0.58×	0.37×	0.05×	1.48×	6.85×
Effective tax rate	16.8%	25.0%	12.8%	21.0%	14.2%	1.1%	(49.2%)	(1.9%)	52.3%	24.9%	20.5%	19.6%	13.7%	17.3%	11.1%	26.6%	27.0%	26.4%	36.1%	30.0%	32.0%	9.7%	(8.1%)	25.3%	(8.8%)	10.0%	10.1%	(5.6%)	19.8%	2.6%	19.9%	18.0%	19.0%	3.0%	22.2%	24.1%	44.4%	25.0%
Share count
Diluted shares outstanding	242	247	249	250	254	252	253	253	257	254	258	264	261	257	252	248	244	248	249	232	227	220	200	174	148	156	137	135	139	132	128	113	107	100	105	94	88	88

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988
Revenue and gross profit
Revenue	$3,783	$3,587	$3,683	$3,799	$3,676	$3,659	$3,148	$3,264	$3,108	$2,654	$2,362	$2,290	$2,396	$2,288	$2,040	$1,644	$1,294	$1,126	$1,329	$1,222	$940	$775	$669	$541	$467	$475	$370	$271	$260	$272	$234	$235	$176	$150	$128	$151	$63	$28	$18
Cost of revenue	($1,142)	($1,109)	($1,287)	($1,466)	($1,571)	($1,624)	($1,393)	($1,483)	($1,427)	($1,262)	($1,124)	($1,088)	($1,105)	($1,084)	($994)	($814)	($648)	($576)	($680)	($609)	($479)	($385)	($344)	($273)	($232)	($238)	($166)	($118)	($122)	($120)	($102)	($95)	($62)	($60)	($61)	($62)	($26)	($11)	($6)
Gross profit	$2,640	$2,478	$2,396	$2,333	$2,106	$2,035	$1,755	$1,781	$1,681	$1,378	$1,234	$1,202	$1,291	$1,204	$1,046	$830	$646	$550	$649	$613	$461	$390	$325	$268	$234	$237	$204	$153	$138	$152	$131	$141	$114	$89	$66	$89	$37	$17	$12
Operating expenses
Research and development	($656)	($631)	($662)	($664)	($542)	($537)	($476)	($470)	($446)	($370)	($350)	($337)	($318)	($299)	($256)	($197)	($150)	($137)	($148)	($131)	($104)	($84)	($78)	($68)	($61)	($63)	($47)	($36)	($45)	($41)	($37)	($25)	–	–	–	–	–	–	–
Selling, general and administrative	($520)	($483)	($548)	($488)	($422)	($369)	($301)	($331)	($350)	($302)	($256)	($255)	($247)	($217)	($196)	($158)	($118)	($101)	($94)	($279)	($212)	($172)	($153)	($137)	($130)	($141)	($110)	($87)	($94)	($89)	($94)	($95)	($91)	($74)	($74)	($73)	($31)	($18)	($12)
Total operating expenses	($1,998)	($1,886)	($1,936)	($1,884)	($1,595)	($1,474)	($1,335)	($1,405)	($1,360)	($1,142)	($1,054)	($1,048)	($1,030)	($952)	($834)	($673)	($518)	($464)	($464)	($435)	($326)	($265)	($239)	($214)	($201)	($237)	($178)	($133)	($151)	($142)	($141)	($127)	($99)	($81)	($81)	($79)	($34)	($19)	($13)
Total costs and expenses	($3,140)	($2,995)	($3,223)	($3,350)	($3,165)	($3,098)	($2,728)	($2,888)	($2,788)	($2,418)	($2,182)	($2,136)	($2,135)	($2,036)	($1,828)	($1,488)	($1,166)	($1,040)	($1,144)	($1,044)	($805)	($650)	($583)	($487)	($433)	($475)	($344)	($251)	($273)	($262)	($244)	($222)	($160)	($142)	($143)	($141)	($60)	($30)	($19)
Operating income	$643	$592	$461	$449	$511	$561	$420	$376	$321	$236	$180	$154	$261	$252	$213	$156	$128	$86	$185	$178	$135	$125	$86	$54	$34	$0	$26	$20	($13)	$10	($10)	$13	$15	$8	($15)	$10	$3	($2)	($1)
Earnings
EBITDA	$845	$792	$693	$487	$551	$602	$460	$415	$356	$270	$217	$191	$294	$278	$236	$177	$146	$105	$205	$234	$162	$144	$103	$74	$53	$42	$47	$30	($0)	$23	–	$21	$23	$15	($7)	$15	$6	($1)	–
Interest income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	$1	$1	$1	$2	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($80)	($74)	($91)	($161)	($71)	($65)	($78)	($82)	($73)	($25)	($26)	($26)	($19)	($18)	($16)	($9)	($2)	($2)	($3)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	($4)	$509	$2,006	$357	$569	$575	$395	$345	$278	$248	$176	$152	$266	$253	$229	$167	$141	$88	$191	$184	$148	$125	$75	$36	$14	($22)	$16	$21	($25)	$12	($12)	$14	$12	$4	($24)	$9	$3	$1	$1
Income tax expense	($101)	($85)	($502)	($46)	($119)	($82)	($4)	$170	$5	($130)	($44)	($31)	($52)	($35)	($40)	($19)	($37)	($24)	($50)	($66)	($44)	($40)	($7)	$3	($4)	($2)	($2)	($2)	($1)	($2)	$0	($3)	($2)	($1)	$1	($2)	($1)	($0)	($0)
Net income	($105)	$424	$1,504	$311	$450	$493	$390	$514	$283	$118	$132	$121	$214	$219	$191	$151	$104	$63	$141	$117	$104	$85	$68	$38	$10	($23)	$14	$22	($53)	$9	($11)	$11	$10	$3	($25)	$7	$2	$0	$1
Per share
Diluted EPS (GAAP)	($0.49)	$1.76	$6.09	$1.25	$1.80	$1.94	$1.55	$2.03	$1.12	$0.46	$0.52	$0.47	$0.81	$0.84	$0.74	$0.60	$0.42	$0.26	$0.57	$0.47	$0.45	$0.38	$0.31	$0.19	$0.06	($0.15)	$0.0925	$0.16	($0.40)	$0.0667	($0.0858)	$0.0884	$0.0884	$0.0317	($0.25)	$0.0667	$0.0233	$0.0083	$0.01
Basic EPS (GAAP)	($0.47)	$1.77	$6.13	$1.26	$1.81	$1.96	$1.56	$2.05	$1.13	$0.47	$0.53	$0.47	$0.82	$0.85	$0.76	$0.61	$0.43	$0.265	$0.585	$0.49	$0.47	$0.40	$0.33	$0.20	$0.06	($0.15)	$0.10	$0.16	($0.40)	$0.07	($0.0858)	$0.0934	$0.0917	$0.0334	($0.25)	$0.0667	$0.0233	$0.0057	$0.0068
Basic shares outstanding	236	239	246	248	249	251	250	251	250	252	250	256	260	257	251	245	241	240	241	239	220	213	205	190	171	148	142	135	135	133	132	121	109	102	100	105	94	88	88
Margins
Gross margin	69.8%	69.1%	65.1%	61.4%	57.3%	55.6%	55.8%	54.6%	54.1%	51.9%	52.3%	52.5%	53.9%	52.6%	51.3%	50.5%	49.9%	48.8%	48.8%	50.1%	49.0%	50.3%	48.6%	49.6%	50.2%	49.9%	55.2%	56.5%	53.1%	56.0%	56.1%	59.8%	64.8%	59.7%	51.9%	58.7%	58.3%	59.9%	65.6%
Operating margin	17.0%	16.5%	12.5%	11.8%	13.9%	15.3%	13.3%	11.5%	10.3%	8.9%	7.6%	6.7%	10.9%	11.0%	10.4%	9.5%	9.9%	7.6%	14.0%	14.6%	14.4%	16.1%	12.8%	10.0%	7.2%	0.0%	7.1%	7.6%	(4.9%)	3.8%	(4.3%)	5.7%	8.7%	5.2%	(11.8%)	6.6%	4.9%	(8.2%)	(5.6%)
Net margin	(2.8%)	11.8%	40.8%	8.2%	12.2%	13.5%	12.4%	15.8%	9.1%	4.5%	5.6%	5.3%	8.9%	9.6%	9.4%	9.2%	8.0%	5.6%	10.6%	9.6%	11.0%	11.0%	10.1%	7.1%	2.2%	(4.8%)	3.8%	8.0%	(20.5%)	3.4%	(4.8%)	4.8%	5.7%	2.3%	(19.8%)	4.6%	3.5%	1.8%	3.3%

Analyst consensus

Buy28 analysts

Bearish · 1 · Hold · 10 · Bullish · 17

Earnings history

	EPS	Estimate
Q3 2024	$0.70	$0.62	Beat
Q4 2024	$0.89	$0.89	Beat
Q1 2025	$0.61	$0.58	Beat
Q2 2025	$0.71	$0.62	Beat
Q3 2025	$0.81	$0.72	Beat
Q4 2025	$1.00	$0.96	Beat
Q1 2026	$0.79	$0.72	Beat
Q2 2026	$0.86	$0.80	Beat

Peers

Company overview

IPO dateJul 20, 1990

CEORobert G. Painter

Employees11,500

SectorTechnology

IndustryHardware, Equipment & Parts

CountryUS

ExchangeNASDAQ Global Select

Websitewww.trimble.com

Trimble Inc. develops and supplies technology solutions globally, empowering professionals and field workers to significantly improve or revolutionize their operational workflows. Through its Buildings and Infrastructure segment, the company delivers a comprehensive array of digital tools for the construction sector. This includes software for route planning, 3D design, and data exchange, along with systems for guiding construction machinery and for monitoring and managing assets, personnel, and equipment. The segment also offers advanced Building Information Modeling (BIM), Enterprise Resource Planning (ERP), and project management platforms. Furthermore, it provides integrated solutions for site layout, measurement, cost estimation, scheduling, and project control, alongside specialized applications tailored for subcontractors and various trades. The Geospatial segment focuses on advanced surveying products, geographic information systems (GIS), and related geospatial technologies. For the Resources and Utilities sector, Trimble provides precision agriculture products and services. These encompass sophisticated guidance and positioning systems, autonomous steering capabilities, and automated, variable-rate application technologies. The offerings also include manual and automated navigation for farm equipment, solutions for automating pesticide and seeding processes, water management systems, and agricultural software designed for data and operational insights. Finally, the Transportation segment caters to the long-haul trucking and freight shipping industries. Its offerings span comprehensive mobility solutions such as route optimization, safety and compliance tools, end-to-end vehicle management, video intelligence, and supply chain communication platforms. Additionally, it delivers advanced fleet and transportation management systems, powerful analytics, mapping, reporting, and predictive modeling capabilities. Initially known as Trimble Navigation Limited, the company adopted its current name, Trimble Inc., in October 2016. Established in 1978, it maintains its headquarters in Sunnyvale, California.

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