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Trimble

TRMB Nasdaq Application Software Financials FY2016–FY2025

Trimble's revenue fell 2.6% to $3.6 billion in fiscal 2025. Its operating margin was 16.5%, up from 12.5% a year earlier. Free cash flow was $361 million, down 27.5%. It paid out $863 million in dividends and buybacks, 239% of free cash flow. The diluted share count fell 2.3%.

Last close · Oct 23, 2026

$63.49

0.8%
Value it Compare
Revenue Total sales reported in the income statement.
$3.6B
2.6% vs prior year
Operating margin Operating income as a share of revenue.
16.5%
4.0 pts
Net income Profit after all expenses, interest and tax.
$424M
71.8%
Free cash flow Cash from operations minus capital spending.
$361M
27.5%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
7.4%
2.5 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$14.8B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
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What Trimble does

No business description yet.

Legal name
TRIMBLE INC.
Fiscal year ends
January 2, 2026
Latest annual report
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Accession · CIK
0000864749-26-000015
0000864749

Revenue and margins

Trimble had $3.6B of revenue in fiscal 2025, down 2.6% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 14.5% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $361M in fiscal 2025, 10.1% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Trimble returned $863M to shareholders in fiscal 2025, 239% of free cash flow. The diluted share count fell 2.3%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Trimble yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

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Adds net cash of −$1.1B and divides by 241.5M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Balance sheet

Cash, debt and the ratios that show how comfortably Trimble can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $326M$271M$230M$739M$253M
Debt incl. finance leases $1.3B$1.5B$3.6B$1.4B$1.4B
Net debt / EBITDA 1.5x1.8x4.8x0.9x1.4x
Debt / equity 0.3x0.4x0.8x0.2x0.2x
Interest coverage 9.1x7.0x2.8x5.1x8.0x
Current ratio 1.2x1.0x1.0x1.3x1.1x
Quick ratio 0.9x0.8x0.9x1.2x1.0x
Total assets $7.1B$7.3B$9.5B$9.5B$9.3B
Total liabilities $3.2B$3.2B$5.0B$3.7B$3.5B
Shareholders' equity $3.9B$4.1B$4.5B$5.7B$5.8B
Net debt (− = net cash) $968M$1.2B$3.4B$652M$1.1B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$4.6M

6 insiders

Of sales under plans

100%

$4.6M

DateInsiderTradeSharesPriceValueFiling
Aug 4, 2026 Kaigham GabrielDirector Sold plan 1,718 $60.00 $0.1M Form 4
Apr 16, 2026 Mark David SchwartzSenior VP, Aeco Sold plan 16,725 $67.01 $1.1M Form 4
Apr 14, 2026 Robert G PainterPresident & CEO, Director Sold plan 7,500 $66.94 $0.5M Form 4
Mar 10, 2026 Robert G PainterPresident & CEO, Director Sold plan 7,500 $70.45 $0.5M Form 4
Feb 27, 2026 James Calvin DaltonDirector Sold plan 733 $67.02 $0.0M Form 4
Feb 10, 2026 Robert G PainterPresident & CEO, Director Sold plan 7,500 $65.14 $0.5M Form 4
Jan 13, 2026 Robert G PainterPresident & CEO, Director Sold plan 7,500 $80.88 $0.6M Form 4
Dec 16, 2025 Phillip SawarynskiCFO Sold plan 2,250 $80.45 $0.2M Form 4
Dec 9, 2025 Robert G PainterPresident & CEO, Director Sold plan 7,500 $81.39 $0.6M Form 4
Nov 28, 2025 James Calvin DaltonDirector Sold plan 616 $81.99 $0.1M Form 4
Nov 26, 2025 Ronald BisioSr. Vice President Sold plan 2,500 $80.87 $0.2M Form 4
Nov 17, 2025 Mark David SchwartzSenior VP, Aeco Sold plan 1,672 $76.83 $0.1M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✓ ✕
Cash from operations exceeds net income ✓ ✕ ✕
Debt fell relative to assets ✕ ✓ ✕
Current ratio rose ✕ ✓ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✓ ✓
Revenue rose relative to assets ✓ ✕ ✕
F-score 6 / 97 / 94 / 9
Accruals ratio −3.4%10.2%0.4%
Altman Z'' 2.093.563.47

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Trimble TRMB $14.8B −2.6% 16.5% 10.1% 7.4% — 4
Datadog DDOG $100.0B 27.7% −1.3% 29.2% — — 5 Compare →
Docusign DOCU $16.5B 8.2% 9.3% 32.9% 25.4% 52.0x 5 Compare →
HubSpot HUBS $13.7B 19.2% 0.2% 22.6% — 96.4x — Compare →
Okta OKTA $38.1B 11.8% 5.1% 30.0% — 128.3x 8 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $2.4B $2.7B $3.1B $3.3B $3.2B $3.7B $3.7B $3.8B $3.7B $3.6B
Gross profit $1.2B $1.4B $1.7B $1.8B $1.8B $2.0B $2.1B $2.3B $2.4B $2.5B
Research and development $350M $370M $446M $470M $476M $537M $542M $664M $662M $631M
Operating income $180M $236M $321M $376M $420M $561M $511M $449M $461M $592M
Interest expense $27.3M $28.4M $69.3M $79.2M $71.8M $61.8M $73.1M $161M $90.7M $74.4M
Pretax income $176M $248M $278M $345M $395M $575M $569M $357M $2.0B $509M
Income tax $43.9M $130M −$5.3M −$170M $4.4M $81.8M $119M $45.7M $502M $85.4M
Net income $132M $118M $283M $514M $390M $493M $450M $311M $1.5B $424M
Diluted EPS $0.52 $0.46 $1.12 $2.03 $1.55 $1.94 $1.80 $1.25 $6.09 $1.76
Diluted shares 0.25B 0.26B 0.25B 0.25B 0.25B 0.25B 0.25B 0.25B 0.25B 0.24B
Cash flow
Cash from operations $431M $430M $487M $585M $672M $751M $391M $597M $531M $386M
Capital expenditure $26.0M $43.7M $67.6M $69.0M $56.8M $46.1M $43.2M $42.0M $33.6M $25.3M
Free cash flow $405M $386M $419M $516M $615M $704M $348M $555M $498M $361M
Depreciation and amortization $99.2M $97.6M $112M $113M $105M $92.2M $172M $251M $232M $200M
Stock-based compensation $52.6M $64.8M $76.9M $75.0M $83.0M $123M $120M $145M $159M $147M
Acquisitions $23.7M $280M $1.8B $221M $202M $236M $374M $2.1B $22.0M $4.4M
Share buybacks $120M $285M $93.0M $180M $81.6M $180M $395M $100M $175M $863M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $120M $285M $93.0M $180M $81.6M $180M $395M $100M $175M $863M
Balance sheet
Cash and short-term investments $327M $537M $173M $189M $238M $326M $271M $230M $739M $253M
Total debt $620M $914M $2.0B $1.8B $1.5B $1.3B $1.5B $3.6B $1.4B $1.4B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $979M $1.3B $1.1B $1.2B $1.3B $1.5B $1.5B $1.8B $2.3B $1.6B
Current liabilities $688M $773M $1.1B $1.2B $1.3B $1.2B $1.5B $1.8B $1.8B $1.5B
Inventory $213M $265M $298M $312M $302M $363M $403M $236M $194M $186M
Property and equipment, net $144M $174M $213M $241M $252M $233M $219M $203M $188M $183M
Total assets $3.7B $4.3B $5.8B $6.6B $6.9B $7.1B $7.3B $9.5B $9.5B $9.3B
Total liabilities $1.4B $1.9B $3.1B $3.5B $3.3B $3.2B $3.2B $5.0B $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
Margins
Gross margin 52.3% 51.9% 53.7% 54.4% 55.7% 55.6% 57.3% 61.4% 65.1% 69.1%
Operating margin 7.6% 8.9% 10.2% 11.5% 13.3% 15.3% 13.9% 11.8% 12.5% 16.5%
EBITDA margin 11.8% 12.6% 13.8% 15.0% 16.7% 17.9% 18.6% 18.4% 18.8% 22.1%
Net margin 5.6% 4.5% 9.0% 15.7% 12.4% 13.5% 12.2% 8.2% 40.8% 11.8%
FCF margin 17.2% 14.5% 13.4% 15.8% 19.5% 19.3% 9.5% 14.6% 13.5% 10.1%
Returns
Return on capital 4.9% 4.3% 8.8% 8.1% 8.6% 9.8% 7.9% 5.9% 4.8% 7.4%
Return on capital employed 6.0% 7.2% 7.8% 7.4% 7.6% 9.8% 8.7% 6.6% 6.0% 7.6%
Return on equity 5.9% 5.0% 11.1% 17.8% 11.6% 13.1% 11.3% 7.3% 29.4% 7.3%
Return on assets 3.6% 3.0% 5.6% 8.3% 5.8% 7.1% 6.3% 3.7% 15.8% 4.5%
Growth
Revenue growth 3.1% 12.4% 18.0% 4.5% −3.7% 16.1% 0.5% 3.3% −3.0% −2.6%
Net income growth 9.3% −10.6% 138.9% 81.9% −24.2% 26.4% −8.7% −30.8% 383.3% −71.8%
EPS growth 10.6% −11.5% 143.5% 81.3% −23.7% 25.2% −7.2% −30.6% 387.2% −71.1%
FCF growth 29.4% −4.7% 8.6% 23.1% 19.2% 14.5% −50.6% 59.5% −10.3% −27.5%
Share count change −1.8% 1.1% −1.3% −0.2% −0.2% 0.8% −1.6% −0.4% −0.8% −2.3%
Financial health
Net debt / EBITDA 1.1x 1.1x 4.2x 3.4x 2.5x 1.5x 1.8x 4.8x 0.9x 1.4x
Debt / equity 0.3x 0.4x 0.7x 0.6x 0.4x 0.3x 0.4x 0.8x 0.2x 0.2x
Interest coverage 6.6x 8.3x 4.6x 4.8x 5.9x 9.1x 7.0x 2.8x 5.1x 8.0x
Current ratio 1.4x 1.7x 1.0x 1.0x 1.0x 1.2x 1.0x 1.0x 1.3x 1.1x
Quick ratio 1.1x 1.4x 0.8x 0.8x 0.8x 0.9x 0.8x 0.9x 1.2x 1.0x
Capital allocation
Capex / revenue 1.1% 1.7% 2.2% 2.1% 1.8% 1.3% 1.2% 1.1% 0.9% 0.7%
Stock comp / revenue 2.2% 2.4% 2.5% 2.3% 2.6% 3.4% 3.3% 3.8% 4.3% 4.1%
Payouts / FCF 29.5% 73.9% 22.2% 34.8% 13.3% 25.6% 113.4% 18.0% 35.2% 239.2%
Quality scores
Piotroski F-score 8.0 5.0 7.0 7.0 6.0 7.0 4.0 6.0 7.0 4.0
Altman Z'' 3.7 3.3 2.0 2.1 2.4 3.1 2.8 2.1 3.6 3.5
Accruals ratio −8.1% −7.8% −4.0% −1.1% −4.2% −3.7% 0.8% −3.4% 10.2% 0.4%

Source: SEC EDGAR XBRL filings (CIK 0000864749). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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