— Know what they know.
/
Not Investment Advice

TRMB

NASDAQ · USD
Trimble Inc.
Technology · Hardware, Equipment & Parts
CEO Robert G. Painter Employees 11,500 R&D / revenue 17.6%
Last price
$59.46−2.48%last session
Market cap
$13.9B
P/E (TTM)
n/m
From 52w high
−29.6%
From 52w low
+24.1%
1-year return
−23.6%
RSI 14 · vs SMA200
52.3 · −3.6%
IS score
43.3/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

TRMB   SPY   XLK (sector ETF) · weekly closes
6080100120140Jan 26Apr 26Jul 26Oct 26XLK 129SPY 116TRMB 76

Score DNA

Each bar is a 0-100 score within the scored universe
28
Profitability
37
Growth
30
Value
38
Momentum
80
Risk (safety)
49
Quality
40
Balance sheet
46
Earnings quality

Flags

Strengths
None of the computed strength flags fires.
Warnings
None of the computed warning flags fires for TRMB (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Intangible AssetsPiotroski 6 / 9Altman Z 3.1Beta 1.362 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
1 open-market sales, $103,080
Form 144 notices (12m): 14, $5.4M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−66
71 new holders, 130 closed
713 filers hold 101.1% · 245 added, 313 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+126
608 funds adding shares
482 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
39.2%
20-day avg 32.3%, 50-day avg 42.9%
Latest 6.9 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$3.6B
Revenue growth YoY−2.6%
Gross margin68.3%
Operating income$607.5M
Operating margin16.9%
Net income$424.0M
Net margin11.8%
EPS (diluted)$1.75
Cash flow
Operating cash flow$386.2M
Capital expenditure$253.0M
Free cash flow$133.2M
FCF conversion (FCF / OCF)34.5%
Stock-based compensation$146.5M
FCF less SBC−$13.3M
Buybacks$863.4M
Dividends$0
Balance sheet & returns
Cash & short-term investments$253.4M
Total debt$1.4B
Net debt$1.1B
Shareholders' equity$5.8B
Goodwill & intangibles$6.2B
Debt / equity0.29
ROE (TTM)-1.9%
ROIC (TTM)9.3%
Operating margin by fiscal year
15.3%FY202113.9%FY202211.8%FY202312.5%FY202416.9%FY2025
Revenue $3.7B (FY2021) to $3.6B (FY2025), a -0.5% CAGR.

Valuation

P/E (TTM)n/m
EV / EBITDA54.3x
Price / sales3.67x
Price / FCF25.4x
FCF yield3.93%
Buyback yield6.23%
SBC / revenue5.0%
Price / book2.71x
Forward P/E FY202616.8x
Forward multiples divide today's price by Street EPS estimates. Street mean target $76.50 across 2 analysts last quarter is theirs, not ours.

TRMB vs industry median

183 companies in Hardware, Equipment & Parts
Gross margin 68.4% 35.9% Operating margin 17.5% 4.0% Net margin -2.8% 1.9% ROIC 9.3% 7.1%
TRMB (TTM)Industry median Asset turnover 0.44 vs industry 0.67 · financial leverage 1.67

Earnings delivery

Next report 2026-11-04 · consensus EPS $0.86
100%
beat rate, 12 of 12 quarters
+7.9%
median EPS surprise
12
longest beat streak
+15+9+3+7+13+1+4+14+13+4+10+7
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-01 to 2026-08-12. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
TRMB Trimble Inc. $13.9Bn/m-1.9%-2.8%−2.6% −23.6%
MKSI MKS Inc. $14.5B32.8x15.9%14.0%+16.3% +56.2%
FN Fabrinet $13.0B27.5x21.3%10.8%+35.7% −11.9%
FTV Fortive Corporation $17.5B33.6x6.5%14.3%−29.8% +18.8%
TTMI TTM Technologies, Inc. $9.9B41.2x13.3%8.3%+27.6% +60.6%
LFUS Littelfuse, Inc. $9.7Bn/m-0.3%12.1%+15.4% —
AEIS Advanced Energy Industries, $9.5B41.2x16.2%9.4%+24.6% —
SANM Sanmina Corporation $9.4B30.8x12.7%3.4%+58.6% —
12-month window: SPY +15.9%, sector ETF XLK +29.0%. Past returns describe history only.

Recent 8-K filings

2026-10-02Material Agreement; Financial Obligation; Exhibits
2026-08-12Earnings Release; Other Events; Exhibits
2026-05-27Shareholder Vote; Other Events
2026-05-26Officer/Director Change; Other Events
2026-05-06Earnings Release; Exhibits
2026-03-24Officer/Director Change

Context

Shares outstanding233,179,839
Free float99.5%
Institutional ownership101.1%
Beta1.36
Dividend yield0.00%
Last dividendNone on file
50 / 200-day average$58.73 / $61.75
Large-cap Technology median P/E34.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where TRMB sits among 41 scored companies in Hardware, Equipment & Parts (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureTRMBIndustry medianIndustry percentileSector median
P/E (TTM) —
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 3.7x 3.4x
55th		 3.9x
Price / book 2.7x 3.7x
28th		 4.4x
Price / tangible book —
Price / free cash flow 25.4x 25.4x
50th		 20.3x
Price / operating cash flow 17.4x 24.7x
32nd		 17.9x
Enterprise value $15.1B $7.9B
72nd		 $5.5B
EV / sales 4.0x 3.7x
55th		 4.1x
EV / EBITDA 57.4x 19.1x
97th		 18.9x
EV / EBIT 198.8x 26.4x
100th		 26.7x
EV / free cash flow 27.7x 27.7x
50th		 21.9x
Earnings yield -0.8% 2.4%
12th		 2.0%
FCF yield 3.9% 3.0%
60th		 3.3%
Operating cash flow yield 5.8% 3.6%
70th		 4.4%
Graham number (per share) —

Profitability (TTM)

MeasureTRMBIndustry medianIndustry percentileSector median
Gross margin 68.4% 39.0%
95th		 55.7%
EBITDA margin 7.0% 15.0%
28th		 13.7%
Operating margin 17.5% 12.6%
78th		 8.2%
EBIT margin 2.0% 12.3%
12th		 8.6%
Net margin -2.8% 8.1%
12th		 5.7%
NOPAT margin 13.8% 10.0%
75th		 7.0%
FCF margin 14.4% 10.8%
68th		 15.0%
Operating cash flow margin 21.1% 13.4%
85th		 18.4%
R&D / revenue 17.3% 4.4%
92nd		 12.9%
SG&A / revenue 31.9% 17.1%
87th		 25.6%
Stock comp / revenue 4.1% 1.3%
92nd		 4.4%
Effective tax rate 21.0% 20.5%
51st		 21.0%

Returns on capital

MeasureTRMBIndustry medianIndustry percentileSector median
ROE (on average equity) -1.9% 11.5%
12th		 9.4%
ROA -1.2% 5.5%
12th		 4.1%
ROIC 8.2% 11.9%
35th		 9.0%
ROCE 1.1% 9.9%
12th		 8.6%
Return on tangible assets 0.9% 8.0%
12th		 5.9%
Cash ROIC (OCF / invested capital) 12.6% 14.6%
35th		 20.7%
Gross profitability (GP / assets) 30.3% 22.4%
85th		 30.0%
ROIC, 3-yr average 9.6% 10.9%
43rd		 7.4%
ROIC, 5-yr average 10.1% 10.1%
50th		 7.9%
ROE, 5-yr average 10.2% 9.8%
53rd		 6.9%
Incremental ROIC -46.9% 12.5%
21st		 15.3%

Growth

MeasureTRMBIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 5.8% 15.9%
21st		 14.3%
Revenue growth (QoQ) 3.4% 8.9%
18th		 6.6%
Revenue CAGR, 3 yr 1.2% 4.2%
30th		 9.6%
Revenue CAGR, 5 yr 1.8% 6.7%
17th		 11.5%
Gross profit CAGR, 3 yr 5.8% 5.8%
50th		 10.9%
Operating income CAGR, 3 yr 13.7% 10.3%
65th		 11.3%
Net income growth (TTM YoY) —
Net income CAGR, 3 yr —
EPS growth (TTM YoY) —
EPS CAGR, 3 yr —
EPS CAGR, 5 yr —
FCF growth (TTM YoY) 90.0% 25.7%
88th		 24.6%
FCF CAGR, 3 yr 2.5% 12.6%
26th		 19.3%
Operating cash flow CAGR, 3 yr 13.9% 10.1%
62nd		 17.9%
Book value CAGR, 3 yr 8.0% 7.1%
54th		 6.8%
Dividend CAGR, 3 yr —
Sustainable growth rate —

Margin history & stability

MeasureTRMBIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 66.0% 36.4%
95th		 53.2%
Operating margin, 3-yr average 14.1% 11.2%
68th		 6.6%
Net margin, 3-yr average 15.3% 6.4%
87th		 5.2%
FCF margin, 3-yr average 12.2% 11.4%
66th		 12.7%
Revenue stability (0-1) 0.61 0.57
55th		 0.87
Earnings stability (0-1) 0.07 0.41
18th		 0.45
Margin stability (0-1) 0.92 0.94
29th		 0.95

Liquidity (latest quarter)

MeasureTRMBIndustry medianIndustry percentileSector median
Cash & short-term investments $214.4M $403.3M
22nd		 $494.1M
Net cash (− = net debt) −$1.2B −$55.9M
25th		 $49.8M
Working capital −$65.3M $789.7M
2nd		 $391.0M
Current ratio 0.95 2.29
0th		 1.92
Quick ratio 0.82 1.65
10th		 1.67
Cash ratio (cash + ST investments / current liabilities) 0.15 0.67
8th		 0.95
Defensive interval (days) 154 days 789 days
0th		 521 days

Leverage & solvency (latest quarter)

MeasureTRMBIndustry medianIndustry percentileSector median
Total debt $1.5B $299.3M
70th		 $349.3M
Debt / equity 0.29 0.25
57th		 0.29
Net debt / equity 0.24 0.02
70th		 −0.13
Debt / assets 17.1% 13.4%
60th		 16.9%
Debt / capital 22.2% 19.9%
57th		 22.3%
Debt / EBITDA 5.54 1.78
100th		 1.78
Net debt / EBITDA 4.73 0.18
100th		 −0.18
Interest coverage (EBIT / interest) 1.0x 7.1x
12th		 5.8x
Cash interest coverage 10.0x 10.3x
47th		 12.8x
Debt payback (years of OCF) 1.8 yrs 1.8 yrs
51st		 1.6 yrs
Liabilities / assets 40.2% 40.2%
50th		 48.7%
IS credit model rating BB+ — —
Implied credit spread (bps) 400 125
95th		 175

Efficiency

MeasureTRMBIndustry medianIndustry percentileSector median
Asset turnover 0.43 0.60
18th		 0.62
Fixed asset turnover 20.65 6.18
100th		 9.25
Inventory turnover 6.6 3.4
95th		 3.8
Receivables turnover 6.7 5.9
75th		 6.2
Days sales outstanding 55 days 62 days
25th		 59 days
Days inventory outstanding 56 days 108 days
5th		 94 days
Days payables outstanding 54 days 60 days
32nd		 46 days
Cash conversion cycle (days) 56 days 108 days
12th		 50 days
Capex / revenue 6.7% 2.6%
77th		 2.3%
Capex / depreciation 1.36 0.77
67th		 0.56
Operating expense ratio 55.9% 25.2%
92nd		 44.3%

Cash flow & earnings quality

MeasureTRMBIndustry medianIndustry percentileSector median
Operating cash flow / net income —
FCF / net income —
FCF / operating cash flow 68.3% 80.2%
36th		 88.0%
Capex / operating cash flow 31.7% 19.8%
64th		 12.0%
Accruals ratio -10.2% -3.4%
8th		 -6.3%
Sloan accruals ratio -1.9% 1.3%
35th		 -1.8%
Earnings quality score (0-1) —

Dividends & buybacks

MeasureTRMBIndustry medianIndustry percentileSector median
Dividend yield 0.0% 0.0%
0th		 0.0%
Dividend per share (TTM) $0.00 $0.00
0th		 $0.00
Payout ratio (dividends / net income) —
Dividends / FCF 0.0% 2.0%
0th		 0.0%
Dividend growth (YoY) —
Buyback yield 3.9% 0.2%
85th		 1.2%
Shareholder yield (dividends + buybacks) 3.9% 0.9%
85th		 1.7%
Share count change (YoY) -2.8% 0.2%
10th		 0.1%
Buybacks, last 5 years $1.2B $171.0M
82nd		 $215.3M

Scores & forensic checks

MeasureTRMBIndustry medianIndustry percentileSector median
IS score 43 61
12th		 56
IS profitability 28 44
28th		 40
IS growth 37 67
13th		 65
IS value 30 39
10th		 39
IS momentum 38 81
0th		 78
IS risk (safety) 80 100
18th		 100
IS quality 49 71
10th		 67
IS balance sheet 40 72
8th		 72
IS earnings quality 46 70
15th		 61
IS cash flow 58 61
42nd		 66
Piotroski F-score (0-9) 6 6
22nd		 6
Altman Z-score 3.1 6.7
18th		 4.0
Beneish M-score −2.93 −2.50
10th		 −2.58
Ohlson O-score −7.99 −8.21
60th		 −8.00
IS credit score 45 77
5th		 69

Per share

MeasureTRMBIndustry medianIndustry percentileSector median
EPS, diluted (TTM) −$0.45 $2.41
8th		 $0.84
Book value per share $21.93 $25.00
48th		 $9.77
Tangible book per share −$2.43 $10.81
18th		 $3.22
Revenue per share $16.24 $31.39
22nd		 $13.00
FCF per share $2.34 $2.86
38th		 $1.78
Operating cash flow per share $3.43 $4.66
42nd		 $2.40
Cash per share $0.92 $7.59
5th		 $4.50

Size (TTM)

MeasureTRMBIndustry medianIndustry percentileSector median
Market cap $13.9B $6.5B
72nd		 $4.7B
Revenue $3.8B $2.3B
65th		 $1.2B
EBITDA $263.2M $300.6M
42nd		 $185.8M
Net income −$104.7M $174.8M
2nd		 $84.9M
Free cash flow $545.4M $180.0M
75th		 $170.6M
Total assets $8.5B $3.6B
70th		 $2.4B
Shareholders' equity $5.1B $1.6B
80th		 $1.1B
Employees 11,500 7,806
57th		 3,000

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-15Bement Kenneth B
Chief Accounting Officer
 Award / grant 1,689——1,689
2026-09-02Bement Kenneth B
Chief Accounting Officer
 Option exercise 4,056$58.94$239,0614,398
2026-09-02Bement Kenneth B
Chief Accounting Officer
 Tax withholding 1,167$58.94$68,7833,231
2026-09-02Bement Kenneth B
Chief Accounting Officer
 Option exercise 4,056——8,114
2026-08-19Bhattacharya Rasmani
Chief Legal Officer
 — 26,567$55.69$1.5M0
2026-08-19Bhattacharya Rasmani
Chief Legal Officer
 — 23,620——0
2026-08-04Gabriel Kaigham
Director
 Open-market sale 1,718$60.00$103,08017,426
2026-06-17Gabriel Kaigham
Director
 Option exercise 3,974$50.78$201,80019,144
2026-06-17Gabriel Kaigham
Director
 Option exercise 3,974——0
2026-06-17Lloyd Meaghan
Director
 Option exercise 3,974$50.78$201,80057,093
2026-06-17Lloyd Meaghan
Director
 Option exercise 3,974——0
2026-06-17Ekholm Borje
Director
 Option exercise 3,974$50.78$201,80065,608

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunAugSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired834,764—
Open-market saleDisposed11,718$103,080
Option exerciseAcquired831,874$1.7M
Option exerciseDisposed831,874—
Tax withholdingDisposed21,432$82,240
—Disposed350,187$1.5M
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 14 notices · 76,373 shares · $5.4M
FiledFilerShares proposedEst. proceeds
2026-08-17Allison Jennifer10,941$616,149
2026-08-04Gabriel Kaigham1,718$103,080
2026-04-16Schwartz Mark David16,725$1.1M
2026-04-14Painter Robert G7,500$502,050
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 12 trades (1 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-08-25April DelaneyHouseSale$100,001 - $250,0002026-09-10
2026-08-25April McClain DelaneyHouseSale$100,001 - $250,0002026-09-10
2026-05-15Gilbert CisnerosHouseSale$1,001 - $15,0002026-06-09
2026-05-15Gilbert CisnerosHouseSale (Full)$1,001 - $15,0002026-06-09
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.21,420,556$1.1B9.19%
VANGUARD CAPITAL MANAGEMENT LLC15,235,616$779.8M6.53%
AMERIPRISE FINANCIAL INC12,681,892$649.2M5.44%
VANGUARD PORTFOLIO MANAGEMENT LLC12,120,564$620.3M5.20%
STATE STREET CORP11,644,706$596.0M4.99%
Invesco Ltd.7,365,918$377.0M3.16%
GENERATION INVESTMENT MANAGEMENT LLP7,190,197$368.0M3.08%
GEODE CAPITAL MANAGEMENT, LLC6,626,366$337.9M2.84%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP4,496,017$230.1M1.93%
Sumitomo Mitsui Trust Group, Inc.4,448,468$227.7M1.91%
PRIMECAP MANAGEMENT CO/CA/3,915,691$200.4M1.68%
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC3,825,521$195.8M1.64%
KING LUTHER CAPITAL MANAGEMENT CORP3,614,882$185.0M1.55%
VICTORY CAPITAL MANAGEMENT INC3,498,220$179.0M1.50%
WELLINGTON MANAGEMENT GROUP LLP3,167,464$162.1M1.36%

Institutional ownership by quarter

2023-092026-06101.1%
% of shares held by 13F filers
2023-092026-06713
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-30713101.1%71245313130
2026-03-3177994.2%110290261112
2025-12-3179697.7%11128029563
2025-09-3076298.1%10228426567
2025-06-3074098.6%10727826365
2025-03-3170899.2%9128522361
2024-12-3168399.4%11723922544
2024-09-3062198.2%7123121377
2024-06-3063497.4%9322121364
2024-03-3161297.6%9220320349
2023-12-3157698.4%6718722263
2023-09-3057997.4%7119321043

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-08-14SCHEDULE 13GAmeriprise Financial, Inc.5.4%12,681,912
2026-08-07SCHEDULE 13GSTATE STREET CORPORATION5.0%11,656,926
2026-05-12SCHEDULE 13G/AMorgan Stanley4.1%9,570,627
2026-04-30SCHEDULE 13GVanguard Capital Management7.6%17,729,466
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
CCIZX1.84%$551.5M
SCMIX1.84%$551.5M
SLMCX1.84%$551.5M
SCIRX1.84%$551.5M
VITSX0.02%$424.3M
VTSAX0.02%$424.3M

Share structure

Shares outstanding233,179,839
Float231,955,654
Free float99.5%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$3.7B$3.7B$3.8B$3.7B$3.6B
Cost of revenue$1.6B$1.6B$1.5B$1.3B$1.1B
Gross profit$2.0B$2.1B$2.3B$2.4B$2.5B
R&D$536.6M$542.1M$664.3M$662.3M$630.7M
SG&A$875.9M$975.8M$1.1B$1.2B$1.1B
Operating income$561.0M$510.9M$448.8M$460.7M$607.5M
EBITDA$819.9M$747.4M$768.6M$2.3B$763.7M
Pretax income$574.6M$569.1M$357.0M$2.0B$509.4M
Income tax$81.8M$119.4M$45.7M$501.5M$85.4M
Net income$492.8M$449.7M$311.3M$1.5B$424.0M
EPS, diluted$1.94$1.80$1.25$6.09$1.75
Diluted shares254.3M250.2M249.1M247.2M239.8M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$325.7M$271.0M$229.8M$738.8M$253.4M
Receivables$624.8M$643.3M$706.6M$725.8M$856.0M
Inventory$363.3M$402.5M$235.7M$194.3M$186.3M
Total current assets$1.5B$1.5B$1.8B$2.3B$1.6B
PP&E, net$374.2M$340.2M$326.5M$311.9M$182.8M
Goodwill & intangibles$4.5B$4.6B$6.6B$6.0B$6.2B
Total assets$7.1B$7.3B$9.5B$9.5B$9.3B
Accounts payable$207.3M$175.5M$165.3M$161.6M$168.3M
Total current liabilities$1.2B$1.5B$1.8B$1.8B$1.5B
Long-term debt$1.3B$1.2B$2.5B$1.4B$1.4B
Total liabilities$3.2B$3.2B$5.0B$3.7B$3.5B
Shareholders' equity$3.9B$4.1B$4.5B$5.7B$5.8B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$492.8M$449.7M$311.3M$1.5B$424.0M
Depreciation & amortization$179.9M$171.8M$250.6M$232.0M$199.9M
Stock-based compensation$122.6M$120.4M$145.4M$158.6M$146.5M
Change in working capital$6.8M−$253.4M−$8.0M$203.4M−$472.0M
Operating cash flow$750.5M$391.2M$597.1M$531.4M$386.2M
Capital expenditure−$46.1M−$43.2M−$42.0M−$33.6M−$253.0M
Free cash flow$704.4M$348.0M$555.1M$497.8M$133.2M
Investing cash flow−$203.5M−$226.3M−$2.1B$1.9B−$37.0M
Net debt issued / repaid−$251.0M$224.6M$1.6B−$1.7B$0
Buybacks−$195.1M−$408.3M−$100.0M−$181.5M−$863.4M
Dividends paid$0$0$0$0$0

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin55.6%57.3%61.4%65.1%68.3%
Operating margin15.3%13.9%11.8%12.5%16.9%
Net margin13.5%12.2%8.2%40.8%11.8%
FCF margin19.3%9.5%14.6%13.5%3.7%
ROE13.1%11.2%7.3%29.4%7.3%
ROIC9.6%7.5%5.2%5.3%7.2%
ROA7.1%6.3%3.7%15.8%4.5%
Debt / equity0.360.400.710.270.24
Interest coverage9.8x9.0x3.2x4.2x7.8x
Current ratio1.221.041.001.271.09
Revenue growth+16.2%+0.5%+3.3%−3.0%−2.6%
EPS growth+26.1%−6.6%−31.0%+384.8%−70.8%
P/E at year end45.0x27.9x42.6x11.7x44.3x
EV / EBITDA at year end28.3x17.1x21.0x29.7x26.1x
FCF yield at year end3.18%2.77%4.19%2.84%0.71%
Dividend payout0.0%0.0%0.0%0.0%0.0%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Service$1.4B$1.5B—$2.4B$2.5B
Product$2.2B$2.2B—$1.3B$1.1B
Buildings and Infrastructure——$1.6B——
Resources and Utilities——$769.1M——
Transportation——$741.0M——
Geospatial——$695.5M——

Revenue by region · FY2025

North America$2.1B · 58%
Europe$1.0B · 28%
Asia Pacific$349.7M · 10%
Rest of World$140.1M · 4%

Street estimates by fiscal year

Next report 2026-11-04 · consensus EPS $0.86 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$3.6B$3.6B – $3.6B$3.09$3.08 – $3.10919.2x
2026$3.6B$3.6B – $3.6B$3.09$3.08 – $3.10819.2x
2026$3.9B$3.8B – $3.9B$3.53$3.45 – $3.58816.8x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-12$0.80$0.86+7.2%$952.1M$972.0M+2.1%
2026-05-06$0.72$0.79+9.7%$905.6M$939.9M+3.8%
2026-02-10$0.96$1.00+4.2%$950.0M$969.8M+2.1%
2025-11-05$0.72$0.81+12.8%$870.6M$901.2M+3.5%
2025-08-06$0.62$0.71+13.6%$835.1M$875.7M+4.9%
2025-05-07$0.58$0.61+4.5%$810.9M$840.6M+3.7%
2025-02-19$0.89$0.89+0.6%$944.3M$983.4M+4.1%
2024-11-06$0.62$0.70+13.3%$864.5M$875.8M+1.3%
2024-08-06$0.58$0.62+6.5%$862.5M$870.8M+1.0%
2024-05-03$0.62$0.64+3.2%$912.5M$953.3M+4.5%
2024-02-12$0.58$0.63+8.6%$909.5M$932.4M+2.5%
2023-11-01$0.59$0.68+15.3%$967.4M$957.3M−1.0%
2023-08-03$0.58$0.64+10.3%$974.2M$993.6M+2.0%
2023-05-03$0.67$0.72+7.5%$930.9M$915.4M−1.7%
2023-02-08$0.61$0.60−1.6%$875.8M$856.5M−2.2%
2022-11-02$0.66$0.660.0%$911.4M$884.9M−2.9%
2022-08-05$0.62$0.64+3.2%$929.0M$941.2M+1.3%
2022-05-05$0.67$0.73+9.0%$968.2M$993.7M+2.6%
2022-02-09$0.61$0.62+1.6%$894.6M$926.0M+3.5%
2021-11-03$0.59$0.66+11.9%$732.4M$901.4M+23.1%
2021-08-04$0.60$0.72+20.0%$876.1M$945.2M+7.9%
2021-05-05$0.56$0.66+17.9%$825.9M$886.5M+7.3%
2021-02-10$0.51$0.61+19.6%$785.7M$829.7M+5.6%
2020-11-04$0.43$0.60+39.5%$567.6M$792.1M+39.6%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.206-150.206-220.206-290.207-060.107-130.207-200.207-270.208-030.308-100.208-170.208-240.208-31
Week ofNotionalSharesTrades
2026-08-31$239.9M4,018,98981,258
2026-08-24$205.5M3,400,54574,097
2026-08-17$220.1M3,763,28973,008
2026-08-10$333.1M5,825,49096,171
2026-08-03$172.0M2,933,14571,631
2026-07-27$206.2M3,613,91978,137

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1539.2%
DateShort shareShort volumeTotal volume
2026-10-1539.2%224,834573,099
2026-10-1435.4%167,884474,623
2026-10-1347.8%241,984506,337
2026-10-1239.2%148,209377,913
2026-10-0940.6%157,692388,572
2026-10-0839.3%169,019430,542
2026-10-0748.9%267,327546,496
2026-10-0645.5%450,972991,570
2026-10-0537.4%332,071888,996
2026-10-0230.5%180,843593,523
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-1.8Jan+2.7Feb+1.1Mar+3.5Apr-0.7May+0.3Jun+2.4Jul+2.6Aug-0.9Sep+0.9Oct+4.1Nov+1.7Dec
MonthAvg returnUp yearsYears
Jan−1.8%45%20
Feb+2.7%50%20
Mar+1.1%67%21
Apr+3.5%45%20
May−0.7%35%20
Jun+0.3%50%20
Jul+2.4%65%20
Aug+2.6%65%20
Sep−0.9%45%20
Oct+0.9%45%20
Nov+4.1%60%20
Dec+1.7%60%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1452.3
MFI62.8
ADX19.8
Stochastic %K / %D68.4 / 68.8
Williams %R-41.9
CCI81
TSI / signal9.4 / 6.2
Chaikin money flow0.05
ATR$1.69
Bollinger width8.3%
Volume vs 20-day avg1.11x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$58.89 (+1.0%)
SMA 50$58.75 (+1.2%)
SMA 200$61.65 (−3.6%)
EMA 21$59.14 (+0.5%)
EMA 50$58.41 (+1.8%)
EMA 200$61.61 (−3.5%)
Bollinger upper$61.32 (−3.0%)
Bollinger lower$56.45 (+5.3%)
Parabolic SAR$57.58 (+3.3%)
Open the live chart, 110+ indicators

About Trimble Inc.

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.

https://www.trimble.com

Key executives

NameTitlePayBorn
Robert G. PainterChief Executive Officer, President & Director$3.6M1972
Ronald J. BisioSenior Vice President of Field Systems$1.1M1969
Phillip SawarynskiExecutive VP & CFO$989,5951973
Mark SchwartzSenior Vice President of AECO Software$974,3091975
Chris KeatingSenior Vice President of Transporeon$822,7171971
Jim PalermoChief Information Officer——
Kenneth BementChief Accounting Officer—1980
Matti SyyrakkiDirector of Strategic Partnerships——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Robert G. Painter President and Chief Executive Officer2025$950,000$13.3M$2.6M$19.1M
Mark Schwartz Senior Vice President2025$469,908$3.4M$500,401$4.9M
Ronald J. Bisio Senior Vice President2025$469,908$3.0M$634,633$4.6M
Phillip Sawarynski Chief Financial Officer2025$467,600$3.0M$517,995$4.5M
Chris Keating Senior Vice President2025$448,588$1.2M$370,129$2.2M

Employees

11k201811k202011k202112k202112k202213k202312k202512k2026

Dividends

Ex-dateAmountPaid
None on file.

Moat model

Narrow · Intangible Assets · 2026-07-03
Cost advantage24
Intangibles92
Switching costs37
Network effect55
Efficient scale90
Our component scores (0-100) and overall 58.8; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms