Trimble Inc. (TRMB) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.8	$0.86	+7.5%	—	$972M	—
Q1 26	$0.72	$0.79	+9.7%	—	$939.9M	—
Q3 25	$0.72	$0.81	+12.5%	—	$901.2M	—
Q2 25	$0.63	$0.71	+12.7%	—	$875.7M	—
Q1 25	$0.58	$0.61	+5.2%	—	$840.6M	—
Q4 24	$0.88	$0.89	+1.1%	—	$983.4M	—
Q3 24	$0.62	$0.7	+12.9%	—	$875.8M	—
Q2 24	$0.58	$0.62	+6.9%	—	$870.8M	—
Q1 24	$0.6	$0.64	+6.7%	—	$953.3M	—
Q4 23	$0.6	$0.63	+5.0%	—	$932.4M	—
Q3 23	$0.6	$0.68	+13.3%	—	$957.3M	—
Q2 23	$0.6	$0.64	+6.7%	—	$993.6M	—
Q1 23	$0.67	$0.72	+7.5%	—	$915.4M	—
Q4 22	$0.61	$0.6	-1.6%	—	$856.5M	—
Q3 22	$0.66	$0.66	0.0%	—	$884.9M	—
Q2 22	$0.62	$0.64	+3.2%	—	$941.2M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.77	—	—	$3.6B	—
FY24	—	$6.13	—	—	$3.7B	—
FY23	—	$1.26	—	—	$3.8B	—
FY22	—	$1.81	—	—	$3.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.4B	$2.6B	$3.1B	$3.3B	$3.1B	$3.7B	$3.7B	$3.8B	$3.7B	$3.6B
YoY change	+3.13%	+12%	+17.5%	+5.02%	-3.57%	+16.2%	+0.47%	+3.33%	-3.04%	-2.61%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.4B	2.6B	3.1B	3.3B	3.1B	3.7B	3.7B	3.8B	3.7B	3.6B
Cost of revenue	1.1B	1.3B	1.4B	1.5B	1.4B	1.6B	1.6B	1.5B	1.3B	1.1B
Gross profit	1.2B	1.4B	1.7B	1.8B	1.8B	2B	2.1B	2.3B	2.4B	2.5B
Gross margin	52.3%	52.1%	54.1%	54.6%	55.8%	55.6%	57.3%	61.4%	65.1%	69.1%
Research & development	349.6M	370.2M	446.1M	469.7M	475.9M	536.6M	542.1M	664.3M	662.3M	630.7M
Selling, general & administrative	630.7M	701.8M	829.6M	834.8M	767.9M	875.9M	975.8M	1.1B	1.2B	1.1B
Operating expenses	980.3M	1.1B	1.3B	1.3B	1.2B	1.4B	1.5B	1.7B	1.8B	1.8B
Operating income	192M	242.6M	328.9M	402.7M	445.6M	571.3M	541.1M	494.4M	476.6M	611.3M
Operating margin	8.13%	9.17%	10.6%	12.3%	14.2%	15.6%	14.7%	13%	12.9%	17%
Non-operating income, net	10M	30.8M	22.3M	24.5M	27M	68.7M	99.1M	23.6M	1.6B	-27.5M
Pretax income	176.1M	248.2M	278M	344.8M	395M	574.6M	569.1M	357M	2B	509.4M
Income tax	43.9M	129.7M	-5.3M	-169.7M	4.4M	81.8M	119.4M	45.7M	501.5M	85.4M
Net income	132.2M	118.5M	283.3M	514.5M	390.6M	492.8M	449.7M	311.3M	1.5B	424M
Net margin	5.6%	4.48%	9.11%	15.8%	12.4%	13.5%	12.2%	8.19%	40.8%	11.8%
EBITDA	403.3M	463.7M	574.6M	661.2M	682.8M	788.8M	743.2M	805M	656.6M	800M
EPS	0.53	0.48	1.13	2.05	1.56	1.96	1.81	1.26	6.13	1.77
Diluted EPS	0.52	0.47	1.12	2.03	1.55	1.94	1.8	1.25	6.09	1.76

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	957.3M	932.4M	953.3M	870.8M	875.8M	983.4M	840.6M	875.7M	901.2M	969.8M	939.9M	972M
Cost of revenue	367.1M	355.1M	359.7M	324.9M	300.2M	302.2M	279.8M	277.8M	280.1M	271.7M	293.6M	297.1M
Gross profit	590.2M	577.3M	593.6M	545.9M	575.6M	681.2M	560.8M	597.9M	621.1M	698.1M	646.3M	674.9M
Gross margin	61.7%	61.9%	62.3%	62.7%	65.7%	69.3%	66.7%	68.3%	68.9%	72%	68.8%	69.4%
Research & development	162.5M	167.7M	170.2M	161.5M	155.6M	175M	158.5M	163.3M	152.9M	156M	169.5M	177.1M
Selling, general & administrative	263.4M	264.4M	280.9M	291.2M	274.7M	304.9M	274.7M	276M	276.3M	302.1M	302.8M	326M
Operating expenses	425.9M	432.1M	451.1M	452.7M	430.3M	479.9M	433.2M	439.3M	429.2M	458.1M	472.3M	503.1M
Operating income	133.1M	116.4M	115.8M	66.7M	118.8M	175.3M	102M	131.8M	164.7M	212.8M	146.9M	144.6M
Operating margin	13.9%	12.5%	12.1%	7.66%	13.6%	17.8%	12.1%	15.1%	18.3%	21.9%	15.6%	14.9%
Non-operating income, net	-6.9M	-9.1M	2.4M	1.7B	-31.6M	-64.2M	—	900K	-18.9M	-9.5M	3.9M	-568.5M
Pretax income	79.4M	59.5M	73M	1.8B	73.1M	97.8M	86.4M	113.3M	125.1M	184.6M	131.3M	-444.8M
Income tax	4.5M	-3.5M	15.8M	445.6M	32.5M	7.6M	19.7M	24.1M	13.6M	28M	32.4M	26.9M
Net income	74.9M	63M	57.2M	1.3B	40.6M	90.2M	66.7M	89.2M	111.5M	156.6M	98.9M	-471.7M
Net margin	7.82%	6.76%	6%	151.2%	4.64%	9.17%	7.93%	10.2%	12.4%	16.1%	10.5%	-48.5%
EBITDA	201M	193.6M	184.2M	134M	165.6M	172.8M	155.4M	184M	211.1M	251.7M	203.6M	201.8M
EPS	0.3	0.25	0.23	5.37	0.17	0.37	0.27	0.37	0.47	0.66	0.42	-2.02
Diluted EPS	0.3	0.25	0.23	5.34	0.16	0.36	0.27	0.37	0.46	0.65	0.42	-2.02

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	7.6B	10.2B	8.2B	10.5B	16.7B	21.9B	12.6B	13.2B	17.3B	18.7B	13.4B
Enterprise value	7.8B	10.6B	10B	12.2B	18.1B	23B	13.9B	16.1B	18.1B	19.9B	14.7B
Shares outstanding	250.5M	252.1M	250M	250.8M	250.5M	251.4M	248.6M	247.9M	245.5M	239.2M	239.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	57.1	86.5	29	20.3	42.8	44.5	28	42.4	11.5	44.2	29.5
P/S	3.2	3.87	2.65	3.2	5.31	5.99	3.42	3.47	4.71	5.22	3.53
P/B	3.28	4.24	3.08	3.35	4.65	5.56	3.1	2.93	3.02	3.21	2.36
EV/EBITDA	19.5	22.9	17.4	18.5	26.6	29.2	18.7	20.1	27.6	24.9	16.7
EV/Sales	3.32	4.01	3.22	3.74	5.76	6.29	3.79	4.25	4.92	5.54	3.9
Earnings yield	1.75%	1.16%	3.44%	4.92%	2.34%	2.25%	3.58%	2.36%	8.67%	2.26%	3.39%
FCF yield	5.36%	3.77%	5.09%	4.94%	3.68%	3.21%	2.77%	4.21%	2.87%	1.93%	5.13%
PEG	—	—	—	—	—	—	—	—	—	—	-0.05

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	52.3%	52.1%	54.1%	54.6%	55.8%	55.6%	57.3%	61.4%	65.1%	69.1%	69.4%
Operating margin	8.13%	9.17%	10.6%	12.3%	14.2%	15.6%	14.7%	13%	12.9%	17%	15.1%
Net margin	5.6%	4.48%	9.11%	15.8%	12.4%	13.5%	12.2%	8.19%	40.8%	11.8%	-2.77%
ROE	5.73%	4.91%	10.6%	16.5%	10.9%	12.5%	11.1%	6.92%	26.2%	7.27%	-1.94%
ROA	3.6%	2.75%	4.9%	7.75%	5.68%	6.94%	6.19%	3.26%	15.9%	4.55%	4.8%
ROIC	5.55%	4.15%	7.36%	8.24%	8.78%	9.73%	7.91%	5.78%	5.48%	7.29%	10.5%
Return on tangible assets	-11.5%	-12%	-10.1%	-24.8%	-19.2%	-26.3%	-22.5%	-8.53%	-60.5%	-14.1%	3.72%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.42	1.7	1.03	1.02	0.98	1.22	1.04	1	1.27	1.09	0.95
Quick ratio	1.1	1.35	0.75	0.76	0.75	0.91	0.76	0.87	1.16	0.96	0.82
Debt / equity	0.27	0.38	0.74	0.63	0.46	0.36	0.4	0.71	0.26	0.24	0.29
Debt / assets	0.17	0.21	0.34	0.29	0.24	0.2	0.22	0.33	0.16	0.15	0.17
Net debt / EBITDA	0.73	0.81	3.13	2.67	2.08	1.38	1.82	3.68	1.18	1.42	1.43
Interest coverage	7.8	10.8	4.8	5.18	6.09	9.79	9	3.22	23.1	7.85	0.95
Effective tax rate	24.9%	52.3%	0%	0%	1.11%	14.2%	21%	12.8%	25%	16.8%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	9.43	10.5	12.4	13	12.6	14.6	14.8	15.3	15	15	16.1
EPS (basic)	0.53	0.48	1.13	2.05	1.56	1.96	1.81	1.26	6.13	1.77	1.77
EPS (diluted)	0.52	0.47	1.12	2.03	1.55	1.94	1.8	1.25	6.09	1.76	-0.48
Book value per share	9.2	9.58	10.7	12.4	14.4	15.7	16.3	18.2	23.4	24.4	24.3
FCF per share	1.62	1.53	1.68	2.06	2.46	2.8	1.4	2.24	2.03	1.51	3.32
Cash per share	1.31	2.13	0.69	0.75	0.95	1.3	1.09	0.93	3.01	1.06	0.92
Capex per share	0.1	0.17	0.27	0.27	0.23	0.18	0.17	0.17	0.14	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.1%	1.65%	2.17%	2.1%	1.8%	1.26%	1.18%	1.11%	0.91%	—	—
Capex / operating cash flow	6.03%	10.7%	14.8%	10.7%	8.75%	6.2%	7.41%	7.12%	1.77%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$957.3M	$932.4M	$953.3M	$870.8M	$875.8M	$983.4M	$840.6M	$875.7M	$901.2M	$969.8M	$939.9M	$972M
YoY change	+8.18%	+8.86%	+4.14%	-12.4%	-8.51%	+5.47%	-11.8%	+0.56%	+2.9%	-1.38%	+11.8%	+11%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	327.2M	537.4M	172.5M	189.2M	237.7M	325.7M	271M	229.8M	738.8M	253.4M
Receivables	354.8M	427.7M	512.6M	608.2M	620.5M	624.8M	643.3M	706.6M	725.8M	856M
Inventory	218.8M	264.6M	298M	312.1M	301.7M	363.3M	402.5M	235.7M	194.3M	186.3M
Total current assets	978.7M	1.3B	1.1B	1.2B	1.3B	1.5B	1.5B	1.8B	2.3B	1.6B
Property, plant & equipment	96.3M	113.1M	106.4M	441.7M	380.7M	374.2M	340.2M	326.5M	311.9M	182.8M
Goodwill & intangibles	4.8B	5.3B	8.6B	8.7B	8.9B	9B	9.3B	13.2B	12B	12.3B
Total assets	3.7B	4.3B	5.8B	6.6B	6.9B	7.1B	7.3B	9.5B	9.5B	9.3B
Accounts payable	109.8M	146M	147.6M	159.3M	143.2M	207.3M	175.5M	165.3M	161.6M	168.3M
Short-term debt	130.3M	128.4M	256.2M	219M	255.8M	—	300M	530.4M	—	—
Total current liabilities	688.2M	773.4M	1.1B	1.2B	1.3B	1.2B	1.5B	1.8B	1.8B	1.5B
Long-term debt	489.6M	785.5M	1.7B	1.7B	1.4B	1.4B	1.3B	2.7B	1.5B	1.4B
Total liabilities	1.4B	1.9B	3.1B	3.5B	3.3B	3.2B	3.2B	5B	3.7B	3.5B
Shareholders' equity	2.3B	2.4B	2.7B	3.1B	3.6B	3.9B	4.1B	4.5B	5.7B	5.8B
Total debt	619.9M	913.9M	2B	2B	1.7B	1.4B	1.6B	3.2B	1.5B	1.4B
Net debt	403.8M	555.4M	1.8B	1.8B	1.4B	1.1B	1.4B	3B	775.2M	1.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	216.8M	229.8M	255.1M	944.1M	1B	738.8M	290M	265.9M	232.7M	253.4M	234.1M	214.4M
Receivables	641.4M	706.6M	633M	577M	525.6M	725.8M	530.4M	539.5M	542.8M	856M	617.5M	598.1M
Inventory	257.2M	235.7M	230M	223.1M	192.1M	194.3M	187.2M	179.7M	174.7M	186.3M	188M	185.3M
Total current assets	1.7B	1.8B	1.8B	2B	2.3B	2.3B	1.3B	1.3B	1.3B	1.6B	1.4B	1.3B
Property, plant & equipment	318.2M	326.5M	314.7M	315.1M	317.3M	311.9M	—	—	—	182.8M	180.8M	183.2M
Goodwill & intangibles	13.1B	13.2B	12.7B	12.6B	12.5B	12B	12.2B	12.5B	12.4B	12.3B	12.2B	11.4B
Total assets	9.3B	9.5B	9.3B	9.6B	9.9B	9.5B	8.9B	9.1B	9B	9.3B	9B	8.5B
Accounts payable	179.5M	165.3M	190.9M	175.1M	177.3M	161.6M	170.9M	160.4M	158.7M	168.3M	175.7M	195.3M
Short-term debt	58.3M	530.4M	543.4M	400M	400M	—	—	71M	—	—	10.3M	16.4M
Total current liabilities	1.3B	1.8B	1.8B	2B	2B	1.8B	1.5B	1.4B	1.3B	1.5B	1.4B	1.4B
Long-term debt	3.1B	2.7B	2.6B	1.5B	1.5B	1.5B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B
Total liabilities	5B	5B	5B	4B	4B	3.7B	3.5B	3.4B	3.2B	3.5B	3.4B	3.4B
Shareholders' equity	4.3B	4.5B	4.3B	5.6B	5.9B	5.7B	5.4B	5.7B	5.8B	5.8B	5.6B	5.1B
Total debt	3.2B	3.2B	3.1B	1.9B	1.9B	1.5B	1.4B	1.5B	1.4B	1.4B	1.4B	1.5B
Net debt	2.9B	3B	2.9B	957.3M	875.1M	775.2M	1.1B	1.2B	1.2B	1.1B	1.2B	1.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	132.2M	118.5M	283.3M	514.5M	390.6M	492.8M	449.7M	311.3M	1.5B	424M
Depreciation & amortization	187.8M	183.4M	215.2M	207.2M	197.5M	179.9M	171.8M	250.6M	232M	199.9M
Stock-based compensation	52.6M	64.8M	76.9M	75M	83M	122.6M	120.4M	145.4M	158.6M	146.5M
Change in working capital	39.8M	51M	-82.9M	57.2M	-11.3M	-44.4M	-160.9M	-24.8M	-118.7M	-138.3M
Operating cash flow	431.2M	407.1M	455.6M	643.8M	649.3M	743.2M	582.7M	589.5M	1.9B	386.2M
Capital expenditure	-26M	-43.7M	-67.6M	-68.6M	-56.8M	-46.1M	-43.2M	-42M	-33.6M	—
Investing cash flow	-146.9M	-371.2M	-1.6B	-275.3M	-231.8M	-203.5M	-226.3M	-2.1B	1.9B	-11.7M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-119.5M	-285.3M	-93M	-179.8M	-81.6M	-195.1M	-408.3M	-100M	-181.5M	-863.4M
Financing cash flow	-642.6M	-428.9M	-935.7M	-1.6B	-1.9B	-447.7M	-199M	1.4B	-1.9B	-868.4M
Net change in cash	-358.3M	-393M	-2.1B	-1.2B	-1.5B	92M	157.4M	-47.1M	1.9B	-493.9M
Free cash flow	405.1M	386M	419.1M	516M	615.2M	704.4M	348M	555.1M	497.8M	360.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	74.9M	63M	57.2M	1.3B	40.6M	90.2M	66.7M	89.2M	111.5M	156.6M	98.9M	-471.7M
Depreciation & amortization	68.5M	65.4M	62.9M	62.9M	53.4M	52.8M	48.9M	49.9M	50.5M	50.6M	49.9M	51.1M
Stock-based compensation	38.6M	32.9M	36.4M	37.4M	36.5M	48.3M	38.4M	37.9M	34.8M	35.4M	41.8M	43.3M
Change in working capital	-50.7M	-22.7M	157.8M	1.7M	-83.9M	-194.3M	194.6M	-66.6M	-75.8M	-190.5M	169.8M	25.7M
Operating cash flow	92.6M	155.5M	298.2M	1.5B	61.2M	44.2M	325.9M	-53.5M	123.8M	160.3M	274.7M	240.3M
Capital expenditure	-13.2M	-9.8M	-6.8M	-14.3M	-6.4M	-6.1M	-6.6M	—	—	—	—	—
Investing cash flow	-14.2M	-3.7M	-3.5M	1.9B	-11.1M	1.1M	-14.5M	-6.8M	-1.7M	4.7M	1M	-233.1M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	9.6M	-100M	-175M	-22.2M	16.2M	-500K	-627.4M	-73.1M	-26.9M	-136M	-322.8M	-38.7M
Financing cash flow	-149.3M	-89.2M	-202.2M	-1.3B	16.2M	-400.5M	-611.1M	47.9M	-147.8M	-139.1M	-285.9M	7.4M
Net change in cash	-70.9M	62.6M	92.5M	2.1B	66.3M	-355.2M	-299.7M	-12.4M	-25.7M	25.9M	-10.2M	14.6M
Free cash flow	133.9M	89.1M	227M	73.3M	88.5M	109M	149M	-59.4M	116.6M	154.7M	268.6M	233.2M

Trimble Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement