TRIMBLE INC. TRMB
Trimble is a leading technology solutions and platform provider, enabling office professionals and field workers to connect their workflows and industry lifecycles, driving a more productive, efficient, and sustainable future. With a focus on the industries that build, maintain, and move the world, the comprehensive depth and breadth of our solutions are transforming the way the world works, making it easier for Trimble customers to focus on what matters—getting the job done right.
We innovate at the intersection of the digital and physical worlds with solutions that span the world's foundational industries, including building, civil and infrastructure construction, geospatial, natural resources, utilities, and transportation.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.59B | $3.68B | $3.80B | $3.68B | $3.66B | $3.15B | $3.26B | $3.11B | $2.65B | $2.36B |
| Cost of revenue | $1.11B | $1.29B | $1.47B | $1.57B | $1.62B | $1.39B | $1.48B | $1.43B | $1.27B | $1.13B |
| Gross profit | $2.48B | $2.40B | $2.33B | $2.11B | $2.03B | $1.75B | $1.78B | $1.68B | $1.38B | $1.23B |
| R&D | $630.7M | $662.3M | $664.3M | $542.1M | $536.6M | $475.9M | $469.7M | $446.1M | $370.2M | $349.6M |
| SG&A | $483.1M | $547.9M | $487.5M | $422.2M | $369.1M | $300.9M | $330.6M | $349.8M | $301.7M | $256.0M |
| Total operating expenses | $1.89B | $1.94B | $1.88B | $1.59B | $1.47B | $1.34B | $1.41B | $1.36B | $1.14B | $1.05B |
| Operating income | $592.0M | $460.7M | $448.8M | $510.9M | $561.0M | $419.8M | $375.9M | $320.7M | $235.7M | $180.4M |
| Interest expense | $74.4M | $90.7M | $161.0M | $71.1M | $65.4M | $77.6M | $82.4M | $73.2M | $25.2M | $25.9M |
| Pre-tax income | $509.4M | $2.01B | $357.0M | $569.1M | $574.6M | $395.0M | $344.8M | $278.0M | $248.2M | $176.1M |
| Income tax | $85.4M | $501.5M | $45.7M | $119.4M | $81.8M | $4.4M | $169.7M | $5.3M | $129.7M | $43.9M |
| Net income | $424.0M | $1.50B | $311.3M | $449.7M | $492.7M | $389.9M | $514.3M | $282.8M | $118.4M | $132.4M |
| EPS, basic | 1.77 | 6.13 | 1.26 | 1.81 | 1.96 | 1.56 | 2.05 | 1.13 | 0.47 | 0.53 |
| EPS, diluted | 1.76 | 6.09 | 1.25 | 1.80 | 1.94 | 1.55 | 2.03 | 1.12 | 0.46 | 0.52 |
| Shares, diluted (wtd. avg.) | $241.5M | $247.2M | $249.1M | $250.2M | $254.3M | $252.3M | $252.9M | $253.4M | $256.7M | $253.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $253.4M | $738.8M | $238.9M | $271.0M | $325.7M | $237.7M | $189.2M | $172.5M | $358.5M | $216.1M |
| Short-term investments | — | — | — | — | — | — | — | $0 | $178.9M | $111.1M |
| Receivables | $856.0M | $725.8M | $706.6M | $643.3M | $624.8M | $620.5M | $608.2M | $512.6M | $427.7M | $366.2M |
| Inventory | $186.3M | $194.3M | $235.7M | $402.5M | $363.3M | $301.7M | $312.1M | $298.0M | $264.6M | $213.3M |
| Total current assets | $1.63B | $2.27B | $1.83B | $1.52B | $1.45B | $1.28B | $1.21B | $1.09B | $1.31B | $978.7M |
| Property, plant and equipment | $182.8M | $188.4M | $202.5M | $219.0M | $233.2M | $251.8M | $241.4M | $212.9M | $174.0M | $144.2M |
| Goodwill | $5.24B | $4.99B | $5.35B | $4.14B | $3.98B | $3.88B | $3.68B | $3.54B | $2.29B | $2.08B |
| Other intangibles | $924.1M | $998.1M | $1.24B | $498.1M | $506.6M | $580.1M | $678.7M | $744.3M | $364.8M | $333.3M |
| Total assets | $9.31B | $9.49B | $9.54B | $7.27B | $7.10B | $6.88B | $6.64B | $5.78B | $4.32B | $3.67B |
| Accounts payable | $168.3M | $161.6M | $165.3M | $175.5M | $207.3M | $143.2M | $159.3M | $147.6M | $146.0M | $109.8M |
| Short-term debt | — | $0 | $530.4M | $300.0M | $0 | $255.8M | $219.0M | $256.2M | $128.4M | $130.3M |
| Total current liabilities | $1.50B | $1.79B | $1.83B | $1.46B | $1.19B | $1.31B | $1.19B | $1.06B | $773.4M | $688.2M |
| Long-term debt | $1.39B | $1.39B | $2.54B | $1.22B | $1.29B | $1.29B | $1.62B | $1.71B | $785.5M | $489.6M |
| Total liabilities | $3.48B | $3.74B | $5.04B | $3.22B | $3.15B | $3.28B | $3.52B | $3.10B | $1.90B | $1.37B |
| Retained earnings | $3.39B | $3.76B | $2.44B | $2.23B | $2.17B | $1.89B | $1.60B | $1.27B | $1.08B | $1.18B |
| Total equity | $5.84B | $5.75B | $4.50B | $4.05B | $3.94B | $3.60B | $3.12B | $2.67B | $2.41B | $2.36B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $386.2M | $531.4M | $597.1M | $391.2M | $750.5M | $672.0M | $585.0M | $486.7M | $429.7M | $431.1M |
| Depreciation and amortisation | $199.9M | $232.0M | $250.6M | $171.8M | $41.3M | $39.7M | $39.4M | $35.6M | $34.6M | $37.0M |
| Stock-based compensation | $146.5M | $158.6M | $145.4M | $120.4M | $122.6M | $83.0M | $75.0M | $76.9M | $64.8M | $52.6M |
| Capital expenditure | $25.3M | $33.6M | $42.0M | $43.2M | $46.1M | $56.8M | $69.0M | $67.6M | $43.7M | $26.0M |
| Investing cash flow | -$37.0M | $1.86B | -$2.07B | -$226.3M | -$203.5M | -$231.8M | -$275.3M | -$1.65B | -$371.2M | -$146.9M |
| Financing cash flow | -$868.4M | -$1.86B | $1.43B | -$199.0M | -$447.7M | -$400.3M | -$292.6M | $989.4M | $66.5M | -$177.3M |
| Buybacks | $863.4M | $175.0M | $100.0M | $394.7M | $180.0M | $81.6M | $179.8M | $93.0M | $285.3M | $119.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000864749-26-000042.
Others in SIC 3829
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| TMO | THERMO FISHER SCIENTIFIC INC. | $226.94B | 34.6x | 3.9% |
| ROK | ROCKWELL AUTOMATION, INC | $48.17B | 56.6x | 0.9% |
| ONTO | ONTO INNOVATION INC. | $13.15B | 96.4x | 1.8% |
| MIR | Mirion Technologies, Inc. | $4.14B | 153.9x | 7.5% |
| QSI | Quantum-Si Inc | $166.8M | — | -20.3% |
| OWLT | Owlet, Inc. | $145.5M | — | 35.4% |
| GEOS | GEOSPACE TECHNOLOGIES CORP | $69.6M | — | -18.3% |
| BCHT | Birchtech Corp. | $31.3M | — | 1.3% |