NASDAQ : TRMB
Trimble Inc. — Financial statements
Technology · Scientific & Technical Instruments · United States
Last price 64.94 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 15.14B
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Financial statements
Trimble Inc. (TRMB) reported revenue of 3.78B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.78B | 3.59B | 3.68B | 3.80B | 3.68B | 3.66B |
| Cost of Revenue | 1.07B | 1.04B | 1.19B | 1.36B | 1.49B | 1.54B |
| Gross Profit | 2.72B | 2.55B | 2.49B | 2.44B | 2.19B | 2.12B |
| Selling, General & Admin | 1.21B | 1.13B | 1.15B | 1.07B | 975.80M | 875.90M |
| Research & Development | 655.50M | 630.70M | 662.30M | 664.30M | 542.10M | 536.60M |
| Amortization of Goodwill & Intangibles | 174.40M | 172.00M | 199.00M | 212.30M | 131.60M | 138.60M |
| Operating Expenses | 2.04B | 1.93B | 2.01B | 1.95B | 1.65B | 1.55B |
| Operating Income | 678.00M | 618.10M | 480.20M | 494.40M | 541.10M | 571.30M |
| Interest Expense | -79.80M | -74.40M | -90.70M | -161.00M | -71.10M | -65.40M |
| Earnings From Equity Investments | -100.00K | -200.00K | -48.10M | 28.10M | 31.10M | 37.70M |
| Other Non Operating Income (Expenses) | 10.70M | 7.20M | 59.60M | 31.90M | -800.00K | -100.00K |
| EBT Excluding Unusual Items | 608.80M | 550.70M | 401.00M | 393.40M | 500.30M | 543.50M |
| Merger & Restructuring Charges | -43.90M | -32.90M | -83.60M | -45.60M | -30.20M | -10.30M |
| Gain (Loss) on Sale of Assets | 3.00M | 3.00M | 1.69B | 9.20M | 99.00M | 41.40M |
| Other Unusual Items | -9.70M | -11.40M | 600.00K | |||
| Pretax Income | -3.80M | 509.40M | 2.01B | 357.00M | 569.10M | 574.60M |
| Income Tax Expense | 100.90M | 85.40M | 501.50M | 45.70M | 119.40M | 81.80M |
| Earnings From Continuing Operations | -104.70M | 424.00M | 1.50B | 311.30M | 449.70M | 492.80M |
| Minority Interest in Earnings | -100.00K | |||||
| Net Income | -104.70M | 424.00M | 1.50B | 311.30M | 449.70M | 492.70M |
| Net Income to Common | -104.70M | 424.00M | 1.50B | 311.30M | 449.70M | 492.70M |
| Shares Outstanding (Basic) | 235.70M | 239.20M | 245.50M | 247.90M | 248.60M | 251.40M |
| Shares Outstanding (Diluted) | 235.70M | 241.50M | 247.20M | 249.10M | 250.20M | 254.30M |
| EPS (Basic) | -0.44 | 1.77 | 6.13 | 1.26 | 1.81 | 1.96 |
| EPS (Diluted) | -0.44 | 1.76 | 6.09 | 1.25 | 1.80 | 1.94 |
| Free Cash Flow | 773.10M | 360.90M | 497.80M | 555.10M | 348.00M | 704.40M |
| Free Cash Flow Per Share | 3.28 | 1.49 | 2.01 | 2.23 | 1.39 | 2.77 |
| Gross Margin | 71.77% | 71.08% | 67.69% | 64.27% | 59.59% | 58.00% |
| Operating Margin | 17.92% | 17.23% | 13.04% | 13.01% | 14.72% | 15.61% |
| Profit Margin | -2.77% | 11.82% | 40.84% | 8.20% | 12.23% | 13.46% |
| Free Cash Flow Margin | 20.44% | 10.06% | 13.51% | 14.61% | 9.47% | 19.25% |
| EBITDA | 880.10M | 818.00M | 712.20M | 745.00M | 712.90M | 751.20M |
| EBITDA Margin | 23.27% | 22.80% | 19.34% | 19.61% | 19.39% | 20.53% |
| D&A For EBITDA | 202.10M | 199.90M | 232.00M | 250.60M | 171.80M | 179.90M |
| EBIT | 678.00M | 618.10M | 480.20M | 494.40M | 541.10M | 571.30M |
| EBIT Margin | 17.92% | 17.23% | 13.04% | 13.01% | 14.72% | 15.61% |
| Effective Tax Rate | 16.77% | 25.00% | 12.80% | 20.98% | 14.24% | |
| Revenue as Reported | 3.78B | 3.59B | 3.68B | 3.80B | 3.68B | 3.66B |
| Advertising Expenses | 83.80M | 57.90M | 57.30M | 50.90M |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 214.40M | 253.40M | 738.80M | 229.80M | 271.00M | 325.70M |
| Cash & Short-Term Investments | 214.40M | 253.40M | 738.80M | 229.80M | 271.00M | 325.70M |
| Accounts Receivable | 598.10M | 856.00M | 725.80M | 706.60M | 643.30M | 624.80M |
| Receivables | 598.10M | 856.00M | 725.80M | 706.60M | 643.30M | 624.80M |
| Inventory | 185.30M | 186.30M | 194.30M | 235.70M | 402.50M | 363.30M |
| Prepaid Expenses | 115.30M | 102.70M | 103.30M | 89.80M | 73.70M | |
| Other Current Assets | 231.80M | 233.50M | 508.20M | 569.00M | 127.70M | 136.80M |
| Total Current Assets | 1.34B | 1.63B | 2.27B | 1.83B | 1.52B | 1.45B |
| Property, Plant & Equipment | 183.20M | 328.40M | 311.90M | 326.50M | 340.20M | 374.20M |
| Long-Term Investments | 617.40M | 610.80M | 361.00M | 127.70M | ||
| Goodwill | 4.83B | 5.24B | 4.99B | 5.35B | 4.14B | 3.98B |
| Other Intangible Assets | 850.40M | 924.10M | 998.10M | 1.24B | 498.10M | 506.60M |
| Long-Term Deferred Tax Assets | 253.80M | 260.00M | 294.40M | 412.30M | 438.40M | 502.00M |
| Long-Term Deferred Charges | 161.90M | 124.30M | 96.40M | 59.70M | ||
| Other Long-Term Assets | 464.50M | 155.20M | 139.80M | 151.40M | 336.20M | 225.00M |
| Total Assets | 8.54B | 9.31B | 9.49B | 9.54B | 7.27B | 7.10B |
| Accounts Payable | 195.30M | 168.30M | 161.60M | 165.30M | 175.50M | 207.30M |
| Accrued Expenses | 166.50M | 211.70M | 227.20M | 181.20M | 159.40M | 231.00M |
| Current Portion of Long-Term Debt | 530.40M | 300.00M | ||||
| Current Portion of Leases | 27.80M | 21.20M | 29.10M | 35.00M | 35.00M | |
| Current Income Taxes Payable | 6.60M | 17.70M | 325.00M | 39.70M | 23.70M | |
| Current Unearned Revenue | 833.90M | 894.00M | 800.40M | 663.10M | 639.10M | 548.80M |
| Other Current Liabilities | 191.50M | 183.90M | 252.60M | 220.50M | 129.40M | 166.50M |
| Total Current Liabilities | 1.41B | 1.50B | 1.79B | 1.83B | 1.46B | 1.19B |
| Long-Term Debt | 1.44B | 1.39B | 1.39B | 2.54B | 1.22B | 1.29B |
| Long-Term Leases | 141.10M | 123.40M | 121.90M | 105.10M | 121.40M | |
| Long-Term Unearned Revenue | 113.20M | 104.70M | 95.60M | 98.30M | 98.50M | 83.00M |
| Long-Term Deferred Tax Liabilities | 180.90M | 190.50M | 199.90M | 287.80M | 157.80M | 263.10M |
| Other Long-Term Liabilities | 282.80M | 143.90M | 145.50M | 165.70M | 175.30M | 205.60M |
| Total Liabilities | 3.43B | 3.48B | 3.74B | 5.04B | 3.22B | 3.15B |
| Common Stock | 200.00K | 200.00K | 200.00K | 200.00K | 200.00K | 300.00K |
| Additional Paid-In Capital | 2.49B | 2.44B | 2.37B | 2.21B | 2.05B | 1.94B |
| Retained Earnings | 2.70B | 3.39B | 3.76B | 2.44B | 2.23B | 2.17B |
| Comprehensive Income & Other | -81.60M | 10.50M | -381.90M | -152.10M | -234.90M | -161.70M |
| Total Common Equity | 5.11B | 5.84B | 5.75B | 4.50B | 4.05B | 3.94B |
| Shareholders' Equity | 5.11B | 5.84B | 5.75B | 4.50B | 4.05B | 3.94B |
| Total Liabilities & Equity | 8.54B | 9.31B | 9.49B | 9.54B | 7.27B | 7.10B |
| Total Debt | 1.46B | 1.56B | 1.54B | 3.22B | 1.66B | 1.45B |
| Net Cash (Debt) | -1.24B | -1.31B | -796.40M | -2.99B | -1.39B | -1.12B |
| Net Cash Per Share | -5.28 | -5.41 | -3.22 | -11.99 | -5.55 | -4.42 |
| Filing Date Shares Outstanding | 233.18M | 233.93M | 238.58M | 245.69M | 246.95M | 251.22M |
| Total Common Shares Outstanding | 233.20M | 236.00M | 245.80M | 246.50M | 246.90M | 250.90M |
| Working Capital | -65.30M | 128.50M | 482.40M | 1.60M | 56.10M | 262.00M |
| Book Value Per Share | 21.92 | 24.73 | 23.37 | 18.26 | 16.40 | 15.72 |
| Tangible Book Value | -566.20M | -327.60M | -241.20M | -2.09B | -585.80M | -543.40M |
| Tangible Book Value Per Share | -2.43 | -1.39 | -0.98 | -8.49 | -2.37 | -2.17 |
| Land | 239.40M | 238.90M | 237.40M | 244.40M | 238.80M | |
| Machinery | 157.90M | 147.00M | 170.00M | 177.60M | 185.80M | |
| Construction In Progress | 13.40M | 13.30M | 14.00M | 10.10M | 20.70M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -104.70M | 424.00M | 1.50B | 311.30M | 449.70M | 492.70M |
| Depreciation & Amortization | 202.10M | 199.90M | 232.00M | 250.60M | 171.80M | 179.90M |
| Loss (Gain) From Sale of Assets | -3.00M | -3.00M | -1.69B | -9.20M | -99.00M | -43.90M |
| Asset Writedown & Restructuring Costs | 562.00M | |||||
| Stock-Based Compensation | 155.30M | 146.50M | 158.60M | 145.40M | 120.40M | 122.60M |
| Other Operating Activities | 72.20M | 90.80M | 120.90M | -93.00M | 1.70M | -7.60M |
| Change in Accounts Receivable | -72.20M | -119.90M | -135.10M | -36.40M | -55.40M | -9.00M |
| Change in Inventory | -2.20M | 4.90M | 11.00M | 67.60M | -113.50M | -72.90M |
| Change in Accounts Payable | 33.90M | -5.40M | 5.70M | -12.40M | -24.80M | 60.30M |
| Change in Unearned Revenue | 63.10M | 85.70M | 168.50M | 26.00M | 108.60M | 27.40M |
| Change in Income Taxes | -13.70M | -311.20M | 265.60M | -4.00M | -38.30M | -2.90M |
| Change in Other Net Operating Assets | -93.70M | -126.10M | -112.30M | -48.80M | -130.00M | 3.90M |
| Operating Cash Flow | 799.10M | 386.20M | 531.40M | 597.10M | 391.20M | 750.50M |
| Capital Expenditures | -26.00M | -25.30M | -33.60M | -42.00M | -43.20M | -46.10M |
| Cash Acquisitions | -230.50M | -4.40M | -22.00M | -2.09B | -373.50M | -236.10M |
| Divestitures | 900.00K | -4.40M | 1.92B | 17.00M | 215.40M | 67.30M |
| Other Investing Activities | 500.00K | -2.90M | -6.70M | 45.80M | -25.00M | 11.40M |
| Investing Cash Flow | -255.10M | -37.00M | 1.86B | -2.07B | -226.30M | -203.50M |
| Long-Term Debt Issued | 577.20M | 521.20M | 3.85B | 814.80M | 198.90M | |
| Long-Term Debt Repaid | -577.20M | -2.20B | -2.29B | -590.20M | -449.90M | |
| Net Debt Issued (Repaid) | -54.70M | -1.68B | 1.55B | 224.60M | -251.00M | |
| Issuance of Common Stock | 600.00K | 600.00K | 6.70M | |||
| Repurchase of Common Stock | -524.40M | -863.40M | -181.50M | -100.00M | -408.30M | -195.10M |
| Other Financing Activities | -9.70M | -5.60M | -4.50M | -29.40M | -15.30M | -1.60M |
| Financing Cash Flow | -588.20M | -868.40M | -1.86B | 1.43B | -199.00M | -447.70M |
| Foreign Exchange Rate Adjustments | -7.30M | 24.80M | -19.40M | 7.40M | -20.60M | -11.30M |
| Net Cash Flow | -51.50M | -494.40M | 508.90M | -32.10M | -54.70M | 88.00M |
| Free Cash Flow | 773.10M | 360.90M | 497.80M | 555.10M | 348.00M | 704.40M |
| Free Cash Flow Margin | 20.44% | 10.06% | 13.51% | 14.61% | 9.47% | 19.25% |
| Free Cash Flow Per Share | 3.28 | 1.49 | 2.01 | 2.23 | 1.39 | 2.77 |
| Levered Free Cash Flow | 686.17M | 522.81M | 1.17B | 351.18M | 393.95M | 623.29M |
| Unlevered Free Cash Flow | 736.05M | 569.31M | 1.22B | 451.80M | 438.39M | 664.16M |
| Cash Interest Paid | 81.50M | 81.50M | 140.40M | 133.70M | 73.10M | 61.80M |
| Cash Income Tax Paid | 98.30M | 427.50M | 228.10M | 168.00M | 197.30M | 98.30M |
| Change in Working Capital | -84.80M | -472.00M | 203.40M | -8.00M | -253.40M | 6.80M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 15.35B | 18.64B | 17.23B | 13.23B | 12.47B | 21.89B |
| Enterprise Value | 16.60B | 19.80B | 18.11B | 16.18B | 13.85B | 22.82B |
| Last Close Price | 64.94 | 78.33 | 70.57 | 53.20 | 50.56 | 87.19 |
| PE Ratio | 43.95 | 11.46 | 42.51 | 27.73 | 44.42 | |
| Forward PE | 17.03 | 23.09 | 24.17 | 19.75 | 17.98 | 30.65 |
| PS Ratio | 4.06 | 5.20 | 4.68 | 3.48 | 3.39 | 5.98 |
| PB Ratio | 2.96 | 3.19 | 3.00 | 2.94 | 3.08 | 5.55 |
| P/FCF Ratio | 19.88 | 51.64 | 34.62 | 23.84 | 35.83 | 31.07 |
| P/OCF Ratio | 19.23 | 48.26 | 32.43 | 22.16 | 31.88 | 29.16 |
| PEG Ratio | 1.68 | 2.20 | 2.42 | 1.98 | 1.80 | 3.06 |
| EV/Sales Ratio | 4.39 | 5.52 | 4.92 | 4.26 | 3.77 | 6.24 |
| EV/EBITDA Ratio | 18.88 | 24.20 | 25.43 | 21.71 | 19.43 | 30.38 |
| EV/EBIT Ratio | 24.50 | 32.03 | 37.71 | 32.72 | 25.60 | 39.95 |
| EV/FCF Ratio | 21.49 | 54.85 | 36.38 | 29.14 | 39.81 | 32.40 |
| Debt / Equity Ratio | 0.29 | 0.27 | 0.27 | 0.71 | 0.41 | 0.37 |
| Debt / EBITDA Ratio | 1.58 | 1.81 | 2.02 | 4.04 | 2.17 | 1.80 |
| Debt / FCF Ratio | 1.89 | 4.33 | 3.08 | 5.80 | 4.77 | 2.06 |
| Net Debt / Equity Ratio | 0.24 | 0.22 | 0.14 | 0.66 | 0.34 | 0.28 |
| Net Debt / EBITDA Ratio | 1.41 | 1.60 | 1.12 | 4.01 | 1.95 | 1.50 |
| Net Debt / FCF Ratio | 1.61 | 3.62 | 1.60 | 5.38 | 3.99 | 1.60 |
| Asset Turnover | 0.43 | 0.38 | 0.39 | 0.45 | 0.51 | 0.52 |
| Inventory Turnover | 5.85 | 5.45 | 5.54 | 4.25 | 3.88 | 4.62 |
| Quick Ratio | 0.58 | 0.74 | 0.82 | 0.51 | 0.62 | 0.80 |
| Current Ratio | 0.95 | 1.08 | 1.27 | 1.00 | 1.04 | 1.22 |
| Return on Equity (ROE) | -1.94% | 7.32% | 29.37% | 7.28% | 11.25% | 13.07% |
| Return on Assets (ROA) | 4.80% | 4.11% | 3.16% | 3.68% | 4.71% | 5.11% |
| Return on Invested Capital (ROIC) | 10.29% | 7.52% | 5.13% | 6.67% | 8.14% | 9.68% |
| Return on Capital Employed (ROCE) | 9.50% | 7.90% | 6.20% | 6.40% | 9.30% | 9.70% |
| Earnings Yield | -0.67% | 2.27% | 8.73% | 2.35% | 3.61% | 2.25% |
| FCF Yield | 5.03% | 1.94% | 2.89% | 4.19% | 2.79% | 3.22% |
| Buyback Yield / Dilution | 3.87% | 2.31% | 0.76% | 0.44% | 1.61% | -0.79% |