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TRMBTrimble Inc.

Technology · Measuring Instruments · Nasdaq
TRMB quote by TradingView
Compare with peers → Embed
FY2025 at a glance

Sales down 2.6%, free cash flow down to $360.9M

XBRL, from each 10-K
RevenueStatements ↓
$3.6B
from $3.7B in FY2024
FY2016FY2025
Net incomeStatements ↓
$424.0M
from $1.5B in FY2024
FY2016FY2025
Free cash flowStatements ↓
$360.9M
from $497.8M in FY2024
FY2016FY2025
EPS (diluted)Statements ↓
$1.76
from $6.09 in FY2024
FY2016FY2025
Operating marginStatements ↓
16.5%
from 12.5% in FY2024
FY2016FY2025
Total debtStatements ↓
$1.4B
from $1.4B in FY2024
FY2016FY2025
Price and key numbers

The latest figures

All key numbers (41, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)-0.68Sales (ttm)3.8BNet income (ttm)-157.1MSales growth-2.6%EPS growth-71.1%Sales Q/Q+7.3%
Free cash flow798.3MGross margin69.6%Oper. margin16.5%Net margin-4.1%FCF margin20.7%ROE-3.2%
ROA-1.8%R&D / sales17.6%Dividend-Debt/Eq0.31Curr. ratio0.93Cash214.5M
Op. cash flow (ttm)825.0MEBITDA791.9MEBITDA margin22.1%Net debt1.3BQuick ratio0.80Interest cover7.96
ROIC7.6%Tax rate16.8%Stock pay / sales4.1%Shares out.229.2MShares Y/Y-2.3%Book / share21.71
Cash / share0.94Sales / share16.79Asset turnover0.45Inventory turns5.95Days sales out.87Sales 3Y CAGR-0.8%
Sales 5Y CAGR+2.6%EPS 3Y CAGR-0.7%EPS 5Y CAGR+2.6%Employees11,500Sales / employee335K

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2024
  • Free cash flow fell 28%$497.8M → $360.9M · Cash from operations − capital expenditure · 10-K ↗
  • Operating margin widened to 16.5%12.5% → 16.5% · Operating income / revenue · 10-K ↗
What management wrote about it → · Every company →

TRMB against Technology peers

Ten years, side by side → · All 75 →
GrowthProfitBalanceCleanInsiders
TRMBPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 75 companies, the better end on the right. Hover a dot for the company.

Sales growth
-2.6%72nd of 75 · median +14.1%
Net margin
-4.1%73rd of 75 · median 19.1%
Return on equity
-3.2%67th of 69 · median 23.9%
Free cash flow margin
20.7%39th of 71 · median 22.3%
Debt / equity (less is better)
0.3120th of 61 · median 0.46
TRMB and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
TRMB Trimble Inc.$3.8B -2.6%69.6%-4.1%-3.2%20.7%0.31
DDOG Datadog$4.3B +27.7%79.6%6.1%5.6%28.7%-
P Everpure$4.3B +15.6%69.7%5.9%16.4%3.0%-
SWKS Skyworks Solutions$4.0B -2.2%40.7%7.2%5.1%10.8%0.09
LITE Lumentum$3.7B +83.2%45.9%-175.8%-143.9%9.5%0.60
MPWR Monolithic Power Systems$3.7B +26.4%55.3%23.9%23.9%16.3%-
Where each dollar goes

From $3.7B of sales to $492.7M of profit

FY2021, from the 10-K income statement
Revenue to Gross profit: $2.0BRevenue to Cost of revenue: $1.6BGross profit to Operating profit: $561.0MGross profit to Operating expenses: $1.5BOperating profit to Net profit: $492.7MOperating profit to Tax & other: $68.3MOperating expenses to R&D: $536.6MOperating expenses to Sales, admin & other: $937.1M Revenue: $3.7B Revenue$3.7B +16% Y/Y Gross profit: $2.0B · 56% margin Gross profit$2.0B56% margin +16% Y/Y Cost of revenue: $1.6B · 44% of revenue Cost of revenue$1.6B44% of revenue Operating profit: $561.0M · 15% margin Operating profit$561.0M15% margin +34% Y/Y Operating expenses: $1.5B · 40% of revenue Operating expenses$1.5B40% of revenue Net profit: $492.7M · 13% margin Net profit$492.7M13% margin +26% Y/Y Tax & other: $68.3M · 2% of revenue Tax & other$68.3M2% of revenue R&D: $536.6M · 15% of revenue R&D$536.6M15% of revenue Sales, admin & other: $937.1M · 26% of revenue Sales, admin & other$937.1M26% of revenue

Swipe sideways for the whole flow →

From $3.7B of sales to $449.7M of profit

FY2022, from the 10-K income statement and revenue by product
Subscription and services to Revenue: $1.7BProduct to Revenue: $2.0BRevenue to Gross profit: $2.1BRevenue to Cost of revenue: $1.6BGross profit to Operating profit: $510.9MGross profit to Operating expenses: $1.6BOperating profit to Net profit: $391.5MOperating profit to Tax: $119.4MOther income to Net profit: $58.2MOperating expenses to R&D: $542.1MOperating expenses to Sales, admin & other: $1.1B Subscription and services: $1.7B · 46% Subscription and servic…$1.7B46% Product: $2.0B · 54% Product$2.0B54% Revenue: $3.7B Revenue$3.7B +0% Y/Y Gross profit: $2.1B · 57% margin Gross profit$2.1B57% margin +3% Y/Y Cost of revenue: $1.6B · 43% of revenue Cost of revenue$1.6B43% of revenue Operating profit: $510.9M · 14% margin Operating profit$510.9M14% margin −9% Y/Y Other income: $58.2M · 2% of revenue Other income$58.2M2% of revenue Operating expenses: $1.6B · 43% of revenue Operating expenses$1.6B43% of revenue Net profit: $449.7M · 12% margin Net profit$449.7M12% margin −9% Y/Y Tax: $119.4M · 3% of revenue Tax$119.4M3% of revenue R&D: $542.1M · 15% of revenue R&D$542.1M15% of revenue Sales, admin & other: $1.1B · 29% of revenue Sales, admin & other$1.1B29% of revenue

Swipe sideways for the whole flow →

From $3.8B of sales to $311.3M of profit

FY2023, from the 10-K income statement and revenue by product
Subscription and services to Revenue: $2.0BProduct to Revenue: $1.8BRevenue to Gross profit: $2.3BRevenue to Cost of revenue: $1.5BGross profit to Operating profit: $448.8MGross profit to Operating expenses: $1.9BOperating profit to Net profit: $311.3MOperating profit to Tax & other: $137.5MOperating expenses to R&D: $664.3MOperating expenses to Sales, admin & other: $1.2B Subscription and services: $2.0B · 53% Subscription and servic…$2.0B53% Product: $1.8B · 47% Product$1.8B47% Revenue: $3.8B Revenue$3.8B +3% Y/Y Gross profit: $2.3B · 61% margin Gross profit$2.3B61% margin +11% Y/Y Cost of revenue: $1.5B · 39% of revenue Cost of revenue$1.5B39% of revenue Operating profit: $448.8M · 12% margin Operating profit$448.8M12% margin −12% Y/Y Operating expenses: $1.9B · 50% of revenue Operating expenses$1.9B50% of revenue Net profit: $311.3M · 8% margin Net profit$311.3M8% margin −31% Y/Y Tax & other: $137.5M · 4% of revenue Tax & other$137.5M4% of revenue R&D: $664.3M · 17% of revenue R&D$664.3M17% of revenue Sales, admin & other: $1.2B · 32% of revenue Sales, admin & other$1.2B32% of revenue

Swipe sideways for the whole flow →

From $3.7B of sales to $1.5B of profit

FY2024, from the 10-K income statement and revenue by product
Subscription and services to Revenue: $2.4BProduct to Revenue: $1.3BRevenue to Gross profit: $2.4BRevenue to Cost of revenue: $1.3BGross profit to Operating profit: $460.7MGross profit to Operating expenses: $1.9BOperating profit to Net profit: $460.7MOther income to Net profit: $1.0BOperating expenses to R&D: $662.3MOperating expenses to Sales, admin & other: $1.3B Subscription and services: $2.4B · 65% Subscription and servic…$2.4B65% Product: $1.3B · 35% Product$1.3B35% Revenue: $3.7B Revenue$3.7B −3% Y/Y Gross profit: $2.4B · 65% margin Gross profit$2.4B65% margin +3% Y/Y Cost of revenue: $1.3B · 35% of revenue Cost of revenue$1.3B35% of revenue Operating profit: $460.7M · 13% margin Operating profit$460.7M13% margin +3% Y/Y Other income: $1.0B · 28% of revenue Other income$1.0B28% of revenue Operating expenses: $1.9B · 53% of revenue Operating expenses$1.9B53% of revenue Net profit: $1.5B · 41% margin Net profit$1.5B41% margin +383% Y/Y R&D: $662.3M · 18% of revenue R&D$662.3M18% of revenue Sales, admin & other: $1.3B · 35% of revenue Sales, admin & other$1.3B35% of revenue

Swipe sideways for the whole flow →

From $3.6B of sales to $424.0M of profit

FY2025, from the 10-K income statement and revenue by product
Subscription and services to Revenue: $2.5BProduct to Revenue: $1.1BRevenue to Gross profit: $2.5BRevenue to Cost of revenue: $1.1BGross profit to Operating profit: $592.0MGross profit to Operating expenses: $1.9BOperating profit to Net profit: $424.0MOperating profit to Tax & other: $168.0MOperating expenses to R&D: $630.7MOperating expenses to Sales, admin & other: $1.3B Subscription and services: $2.5B · 68% Subscription and servic…$2.5B68% Product: $1.1B · 32% Product$1.1B32% Revenue: $3.6B Revenue$3.6B −3% Y/Y Gross profit: $2.5B · 69% margin Gross profit$2.5B69% margin +3% Y/Y Cost of revenue: $1.1B · 31% of revenue Cost of revenue$1.1B31% of revenue Operating profit: $592.0M · 17% margin Operating profit$592.0M17% margin +29% Y/Y Operating expenses: $1.9B · 53% of revenue Operating expenses$1.9B53% of revenue Net profit: $424.0M · 12% margin Net profit$424.0M12% margin −72% Y/Y Tax & other: $168.0M · 5% of revenue Tax & other$168.0M5% of revenue R&D: $630.7M · 18% of revenue R&D$630.7M18% of revenue Sales, admin & other: $1.3B · 35% of revenue Sales, admin & other$1.3B35% of revenue

Swipe sideways for the whole flow →

Where each $100 of sales went

FY2021
FY2022
FY2023
FY2024
FY2025
  • Cost of revenue
  • R&D
  • Sales, admin & other
  • Tax & other
  • Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

2 of 4
  • !
    Net margin below the peer median-4.1% vs 19.1%
  • ✓
    Gross margin up over 5 years55.7% → 69.1%
  • !
    Return on equity below 15%-3.2%
  • ✓
    A profit in every one of 10 years
Net margin, FY2016 to FY2025: 5.6% → 11.8%

Balance sheet

3 of 4
  • ✓
    Interest covered more than 5 timesOperating income is 8.0× interest expense
  • ✓
    Debt smaller than equityDebt / equity 0.31 on the latest balance sheet (peer median 0.46)
  • !
    Current ratio below 1Current ratio 0.93
  • ✓
    Net debt under 3 years of free cash flow$1.3B net debt, 1.7 years
Debt / equity at each year end, FY2016 to FY2025: 0.27 → 0.24
What the debt is made of ↓

Cash and shareholders

2 of 3
  • ✓
    Free cash flow positive in every one of 10 years$360.9M last year
  • ✓
    Share count down over 5 years−4.3%
  • !
    Cash from operations below net income$386.2M vs $424.0M
Free cash flow, FY2016 to FY2025: 405.1M → 360.9M

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Debt

$650.0M of principal due, schedule of Oct 2, 2026

Repayment schedule →

From the balance sheet in the latest 10-K or 10-Q (XBRL). When each part falls due, year by year, and the debt note's own lines are on the Debt tab.

Revenue and net income, FY2016 to FY2025

Revenue 3.6B Net income 424.0M
FY2016 revenue 2.4B · Revenues, 0000864749-18-000010 FY2016 net income 132.4M · NetIncomeLoss, 0000864749-19-000006 2.4B FY2016 FY2017 revenue 2.7B · Revenues, 0000864749-18-000010 FY2017 net income 118.4M · NetIncomeLoss, 0000864749-20-000029 2.7B FY2017 FY2018 revenue 3.1B · Revenues, 0000864749-21-000029 FY2018 net income 282.8M · NetIncomeLoss, 0000864749-21-000029 3.1B FY2018 FY2019 revenue 3.3B · Revenues, 0000864749-22-000044 FY2019 net income 514.3M · NetIncomeLoss, 0000864749-22-000044 3.3B FY2019 FY2020 revenue 3.2B · Revenues, 0000864749-23-000012 FY2020 net income 389.9M · NetIncomeLoss, 0000864749-23-000012 3.2B FY2020 FY2021 revenue 3.7B · Revenues, 0000864749-25-000011 FY2021 net income 492.7M · NetIncomeLoss, 0000864749-24-000047 3.7B FY2021 FY2022 revenue 3.7B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000864749-25-000090 FY2022 net income 449.7M · NetIncomeLoss, 0000864749-25-000090 3.7B FY2022 FY2023 revenue 3.8B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000864749-26-000015 FY2023 net income 311.3M · NetIncomeLoss, 0000864749-26-000015 3.8B FY2023 FY2024 revenue 3.7B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000864749-26-000015 FY2024 net income 1.5B · NetIncomeLoss, 0000864749-26-000015 3.7B FY2024 FY2025 revenue 3.6B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000864749-26-000015 FY2025 net income 424.0M · NetIncomeLoss, 0000864749-26-000015 3.6B FY2025

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Statements

Income statement, balance sheet and cash flow

XBRL, each 10-K and 10-Q

TRMB's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly
Revenue3.6B
FY2016: 2.4BFY2017: 2.7BFY2018: 3.1BFY2019: 3.3BFY2020: 3.2BFY2021: 3.7BFY2022: 3.7BFY2023: 3.8BFY2024: 3.7BFY2025: 3.6B FY2017FY2019FY2021FY2023FY2025
Net income424.0M
FY2016: 132.4MFY2017: 118.4MFY2018: 282.8MFY2019: 514.3MFY2020: 389.9MFY2021: 492.7MFY2022: 449.7MFY2023: 311.3MFY2024: 1.5BFY2025: 424.0M FY2017FY2019FY2021FY2023FY2025
Free cash flow360.9M
FY2016: 405.1MFY2017: 386.0MFY2018: 419.1MFY2019: 516.0MFY2020: 615.2MFY2021: 704.4MFY2022: 348.0MFY2023: 555.1MFY2024: 497.8MFY2025: 360.9M FY2017FY2019FY2021FY2023FY2025
EPS (diluted)1.76
FY2016: 0.52FY2017: 0.46FY2018: 1.12FY2019: 2.03FY2020: 1.55FY2021: 1.94FY2022: 1.80FY2023: 1.25FY2024: 6.09FY2025: 1.76 FY2017FY2019FY2021FY2023FY2025
Diluted shares241.5M
FY2016: 253.9MFY2017: 256.7MFY2018: 253.4MFY2019: 252.9MFY2020: 252.3MFY2021: 254.3MFY2022: 250.2MFY2023: 249.1MFY2024: 247.2MFY2025: 241.5M FY2017FY2019FY2021FY2023FY2025

Revenue by business segment

year to Jan 2, 2026
RevenueSharevs year before
Field Systems 1.5B42.9% +0.2%
AECO 1.5B41.8% +10.3%
T&L 549.2M15.3% -30.4%

10-K 0000864749-26-000015, segment and revenue notes (XBRL).

Revenue by product or service

year to Jan 2, 2026
RevenueSharevs year before
Subscription and services 2.5B68.4% +2.2%
Product 1.1B31.6% -11.6%

10-K 0000864749-26-000015, segment and revenue notes (XBRL).

Revenue by region

year to Jan 2, 2026
RevenueSharevs year before
North America 2.1B57.9% -0.1%
United States 1.9B53.1% -0.3%
Europe 1.0B28.5% -2.7%
Asia Pacific 349.7M9.7% -4.2%
Rest of World 140.1M3.9% -25.9%

10-K 0000864749-26-000015, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue2.4B2.7B3.1B3.3B3.2B3.7B3.7B3.8B3.7B3.6B
Cost of revenue1.1B1.3B1.4B1.5B1.4B1.6B1.6B1.5B1.3B1.1B
Gross profit1.2B1.4B1.7B1.8B1.8B2.0B2.1B2.3B2.4B2.5B
R&D349.6M370.2M446.1M469.7M475.9M536.6M542.1M664.3M662.3M630.7M
SG&A256.0M301.7M349.8M330.6M300.9M369.1M422.2M487.5M547.9M483.1M
Operating income180.4M235.7M320.7M375.9M419.8M561.0M510.9M448.8M460.7M592.0M
Interest expense27.3M28.4M69.3M79.2M71.8M61.8M73.1M161.0M90.7M74.4M
Pretax income176.1M248.2M278.0M344.8M395.0M574.6M569.1M357.0M2.0B509.4M
Income tax43.9M129.7M-5.3M-169.7M4.4M81.8M119.4M45.7M501.5M85.4M
Net income132.4M118.4M282.8M514.3M389.9M492.7M449.7M311.3M1.5B424.0M
EPS (diluted)0.520.461.122.031.551.941.801.256.091.76
Diluted shares253.9M256.7M253.4M252.9M252.3M254.3M250.2M249.1M247.2M241.5M
Depreciation & amortization37.0M34.6M35.6M39.4M39.7M41.3M171.8M250.6M232.0M199.9M
EBITDA217.4M270.3M356.3M415.3M459.5M602.3M682.7M699.4M692.7M791.9M
Gross margin52.3%51.9%53.7%54.4%55.7%55.6%57.3%61.4%65.1%69.1%
Operating margin7.6%8.9%10.2%11.5%13.3%15.3%13.9%11.8%12.5%16.5%
Net margin5.6%4.5%9.0%15.7%12.4%13.5%12.2%8.2%40.8%11.8%
Revenue growth-+12.4%+18.0%+4.4%-3.6%+16.1%+0.5%+3.3%-3.0%-2.6%
EPS growth--11.5%+143%+81.2%-23.6%+25.2%-7.2%-30.6%+387%-71.1%

Balance sheet

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash216.1M358.5M172.5M189.2M237.7M325.7M271.0M229.8M738.8M253.4M
Short-term investments111.1M178.9M0-------
Receivables366.2M427.7M512.6M608.2M620.5M624.8M643.3M706.6M725.8M856.0M
Inventory213.3M264.6M298.0M312.1M301.7M363.3M402.5M235.7M194.3M186.3M
Current assets978.7M1.3B1.1B1.2B1.3B1.5B1.5B1.8B2.3B1.6B
Property & equipment144.2M174.0M212.9M241.4M251.8M233.2M219.0M202.5M188.4M182.8M
Goodwill2.1B2.3B3.5B3.7B3.9B4.0B4.1B5.4B5.0B5.2B
Total assets3.7B4.3B5.8B6.6B6.9B7.1B7.3B9.5B9.5B9.3B
Accounts payable109.8M146.0M147.6M159.3M143.2M207.3M175.5M165.3M161.6M168.3M
Current liabilities688.2M773.4M1.1B1.2B1.3B1.2B1.5B1.8B1.8B1.5B
Total debt619.9M913.9M2.0B1.8B1.5B1.3B1.5B3.6B1.4B1.4B
Total liabilities1.4B1.9B3.1B3.5B3.3B3.2B3.2B5.0B3.7B3.5B
Shareholders' equity2.3B2.4B2.7B3.1B3.6B3.9B4.1B4.5B5.7B5.8B
Retained earnings1.2B1.1B1.3B1.6B1.9B2.2B2.2B2.4B3.8B3.4B

Cash flow

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow431.1M429.7M486.7M585.0M672.0M750.5M391.2M597.1M531.4M386.2M
Capital spending26.0M43.7M67.6M69.0M56.8M46.1M43.2M42.0M33.6M25.3M
Free cash flow405.1M386.0M419.1M516.0M615.2M704.4M348.0M555.1M497.8M360.9M
Stock-based pay (added back)52.6M64.8M76.9M75.0M83.0M122.6M120.4M145.4M158.6M146.5M
Buybacks119.5M285.3M93.0M179.8M81.6M180.0M394.7M100.0M175.0M863.4M
Acquisitions23.7M280.2M1.8B220.8M201.9M236.1M373.5M2.1B22.0M4.4M
Debt raised355.0M786.0M3.0B1.2B1.2B198.9M814.8M---
Debt repaid465.3M495.4M1.9B1.3B1.5B449.9M590.2M2.3B2.2B577.2M
Investing cash flow-146.9M-371.2M-1.6B-275.3M-231.8M-203.5M-226.3M-2.1B1.9B-37.0M
Financing cash flow-177.3M66.5M989.4M-292.6M-400.3M-447.7M-199.0M1.4B-1.9B-868.4M

Stock-based pay and leases

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Stock-based pay (expense)52.6M64.8M76.9M75.0M83.0M122.6M120.4M145.4M158.6M146.5M
Stock-based pay / revenue2.2%2.4%2.5%2.3%2.6%3.4%3.3%3.8%4.3%4.1%
Operating lease cost-----35.5M36.3M33.5M31.4M30.3M
Operating lease cash paid---37.9M37.0M35.9M35.0M31.0M30.3M29.1M
Right-of-use assets---140.3M128.9M141.0M121.2M124.0M123.5M145.6M
Operating lease liabilities---143.0M143.0M156.4M140.1M151.0M144.6M168.9M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

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