Trimble Inc Financials
This page shows Trimble Inc (TRMB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Trimble Inc has an operating margin of 12.5%, meaning the company retains $13 of operating profit per $100 of revenue. This results in a moderate score of 63/100, indicating healthy but not exceptional operating efficiency. This is up from 11.8% the prior year.
Trimble Inc's revenue declined 3% year-over-year, from $3.8B to $3.7B. This contraction results in a growth score of 20/100.
Trimble Inc carries a low D/E ratio of 0.26, meaning only $0.26 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Trimble Inc's current ratio of 0.84 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 14/100, which could limit financial flexibility.
Trimble Inc converts 13.5% of revenue into free cash flow ($497.8M). This strong cash generation earns a score of 68/100.
Trimble Inc earns a strong 27.8% return on equity (ROE), meaning it generates $28 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 6.9% the prior year.
Trimble Inc scores 3.79, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($15.8B) relative to total liabilities ($3.5B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Trimble Inc passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Trimble Inc generates $0.35 in operating cash flow ($531.4M OCF vs $1.5B net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Trimble Inc generated $3.7B in revenue in fiscal year 2025. This represents a decrease of 3.0% from the prior year.
Trimble Inc's EBITDA was $692.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1.0% from the prior year.
Trimble Inc generated $497.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 10.3% from the prior year.
Trimble Inc reported $1.5B in net income in fiscal year 2025. This represents an increase of 383.3% from the prior year.
Trimble Inc earned $6.09 per diluted share (EPS) in fiscal year 2025. This represents an increase of 387.2% from the prior year.
Trimble Inc held $290.0M in cash against $1.4B in long-term debt as of fiscal year 2025.
Trimble Inc had 239M shares outstanding in fiscal year 2025. This represents a decrease of 3.2% from the prior year.
Trimble Inc's gross margin was 65.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.6 percentage points from the prior year.
Trimble Inc's operating margin was 12.5% in fiscal year 2025, reflecting core business profitability. This is up 0.7 percentage points from the prior year.
Trimble Inc's net profit margin was 40.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 32.6 percentage points from the prior year.
Trimble Inc's ROE was 27.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 20.8 percentage points from the prior year.
Trimble Inc invested $662.3M in research and development in fiscal year 2025. This represents a decrease of 0.3% from the prior year.
Trimble Inc spent $175.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 75.0% from the prior year.
Trimble Inc invested $33.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 20.0% from the prior year.
TRMB Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $901.2M+2.9% | $875.7M+4.2% | $840.6M-4.0% | $875.8M+0.6% | $870.8M-8.7% | $953.3M+2.2% | $932.4M-2.6% | $957.3M |
| Cost of Revenue | $280.1M+0.8% | $277.8M-0.7% | $279.8M-6.8% | $300.2M-7.6% | $324.9M-9.7% | $359.7M+1.3% | $355.1M-3.3% | $367.1M |
| Gross Profit | $621.1M+3.9% | $597.9M+6.6% | $560.8M-2.6% | $575.6M+5.4% | $545.9M-8.0% | $593.6M+2.8% | $577.3M-2.2% | $590.2M |
| R&D Expenses | $152.9M-6.4% | $163.3M+3.0% | $158.5M+1.9% | $155.6M-3.7% | $161.5M-5.1% | $170.2M+1.5% | $167.7M+3.2% | $162.5M |
| SG&A Expenses | $117.5M-0.1% | $117.6M-3.2% | $121.5M-4.8% | $127.6M-14.2% | $148.7M+10.9% | $134.1M+13.4% | $118.3M+0.9% | $117.2M |
| Operating Income | $150.5M+17.8% | $127.8M+31.1% | $97.5M-16.2% | $116.4M+89.0% | $61.6M-43.6% | $109.2M+12.7% | $96.9M-20.1% | $121.3M |
| Interest Expense | $20.7M+6.7% | $19.4M+24.4% | $15.6M+10.6% | $14.1M-22.1% | $18.1M-60.0% | $45.2M+119.3% | -$234.8M-601.7% | $46.8M |
| Income Tax | $13.6M-43.6% | $24.1M+22.3% | $19.7M-39.4% | $32.5M-92.7% | $445.6M+2720.3% | $15.8M+551.4% | -$3.5M-177.8% | $4.5M |
| Net Income | $111.5M+25.0% | $89.2M+33.7% | $66.7M+64.3% | $40.6M-96.9% | $1.3B+2201.4% | $57.2M-9.2% | $63.0M-15.9% | $74.9M |
| EPS (Diluted) | $0.46+24.3% | $0.37+37.0% | $0.27+68.8% | $0.16-97.0% | $5.34+2221.7% | $0.23-8.0% | $0.25-16.7% | $0.30 |
TRMB Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.0B-0.9% | $9.1B+2.3% | $8.9B-9.8% | $9.9B+2.8% | $9.6B+3.0% | $9.3B-2.3% | $9.5B+2.2% | $9.3B |
| Current Assets | $1.3B-2.4% | $1.3B+0.5% | $1.3B-44.5% | $2.3B+17.6% | $2.0B+6.8% | $1.8B+0.5% | $1.8B+8.3% | $1.7B |
| Cash & Equivalents | $232.7M-12.5% | $265.9M-8.3% | $290.0M-72.0% | $1.0B+9.8% | $944.1M+270.1% | $255.1M+11.0% | $229.8M+6.0% | $216.8M |
| Inventory | $174.7M-2.8% | $179.7M-4.0% | $187.2M-2.6% | $192.1M-13.9% | $223.1M-3.0% | $230.0M-2.4% | $235.7M-8.4% | $257.2M |
| Accounts Receivable | $542.8M+0.6% | $539.5M+1.7% | $530.4M+0.9% | $525.6M-8.9% | $577.0M-8.8% | $633.0M-10.4% | $706.6M+10.2% | $641.4M |
| Goodwill | $5.2B-0.2% | $5.2B+2.8% | $5.1B-0.7% | $5.1B-1.1% | $5.2B+0.1% | $5.2B-2.9% | $5.4B+1.3% | $5.3B |
| Total Liabilities | $3.2B-5.3% | $3.4B-2.0% | $3.5B-12.8% | $4.0B+0.7% | $4.0B-20.3% | $5.0B-1.3% | $5.0B+1.0% | $5.0B |
| Current Liabilities | $1.3B-9.0% | $1.4B-9.4% | $1.5B-23.5% | $2.0B+0.4% | $2.0B+7.8% | $1.8B+0.3% | $1.8B+36.7% | $1.3B |
| Long-Term Debt | $1.4B-3.4% | $1.4B+3.6% | $1.4B+0.1% | $1.4B0.0% | $1.4B-44.1% | $2.5B-1.9% | $2.5B-15.3% | $3.0B |
| Total Equity | $5.8B+1.8% | $5.7B+5.0% | $5.4B-7.8% | $5.9B+4.3% | $5.6B+29.5% | $4.3B-3.4% | $4.5B+3.6% | $4.3B |
| Retained Earnings | $3.4B+2.0% | $3.3B+0.3% | $3.3B-10.5% | $3.7B+1.1% | $3.6B+55.0% | $2.3B-4.0% | $2.4B-0.7% | $2.5B |
TRMB Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $123.8M+331.4% | -$53.5M-134.4% | $155.6M+64.0% | $94.9M+8.3% | $87.6M-62.5% | $233.8M+136.4% | $98.9M-32.8% | $147.1M |
| Capital Expenditures | $7.2M+22.0% | $5.9M-10.6% | $6.6M+3.1% | $6.4M-55.2% | $14.3M+110.3% | $6.8M-30.6% | $9.8M-25.8% | $13.2M |
| Free Cash Flow | $116.6M+296.3% | -$59.4M-139.9% | $149.0M+68.4% | $88.5M+20.7% | $73.3M-67.7% | $227.0M+154.8% | $89.1M-33.5% | $133.9M |
| Investing Cash Flow | -$8.9M+29.9% | -$12.7M+12.4% | -$14.5M-30.6% | -$11.1M-100.6% | $1.9B+53660.0% | -$3.5M+5.4% | -$3.7M+73.9% | -$14.2M |
| Financing Cash Flow | -$146.7M-614.7% | $28.5M+104.7% | -$611.1M-3872.2% | $16.2M+101.3% | -$1.3B-531.9% | -$202.2M-126.7% | -$89.2M+36.9% | -$141.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $50.0M0.0% | $50.0M-92.0% | $627.4M | $0 | $0-100.0% | $175.0M+75.0% | $100.0M | $0 |
TRMB Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.9%+0.6pp | 68.3%+1.6pp | 66.7%+1.0pp | 65.7%+3.0pp | 62.7%+0.4pp | 62.3%+0.4pp | 61.9%+0.3pp | 61.7% |
| Operating Margin | 16.7%+2.1pp | 14.6%+3.0pp | 11.6%-1.7pp | 13.3%+6.2pp | 7.1%-4.4pp | 11.5%+1.1pp | 10.4%-2.3pp | 12.7% |
| Net Margin | 12.4%+2.2pp | 10.2%+2.3pp | 7.9%+3.3pp | 4.6%-146.5pp | 151.2%+145.2pp | 6.0%-0.8pp | 6.8%-1.1pp | 7.8% |
| Return on Equity | 1.9%+0.4pp | 1.6%+0.3pp | 1.2%+0.5pp | 0.7%-22.7pp | 23.4%+22.1pp | 1.3%-0.1pp | 1.4%-0.3pp | 1.7% |
| Return on Assets | 1.2%+0.3pp | 1.0%+0.2pp | 0.8%+0.3pp | 0.4%-13.3pp | 13.7%+13.1pp | 0.6%-0.0pp | 0.7%-0.1pp | 0.8% |
| Current Ratio | 1.00+0.1 | 0.94+0.1 | 0.84-0.3 | 1.16+0.2 | 0.990.0 | 1.000.0 | 1.00-0.3 | 1.26 |
| Debt-to-Equity | 0.24-0.0 | 0.250.0 | 0.26+0.0 | 0.24-0.0 | 0.25-0.3 | 0.570.0 | 0.56-0.1 | 0.69 |
| FCF Margin | 12.9%+19.7pp | -6.8%-24.5pp | 17.7%+7.6pp | 10.1%+1.7pp | 8.4%-15.4pp | 23.8%+14.3pp | 9.6%-4.4pp | 14.0% |
Note: The current ratio is below 1.0 (0.84), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Trimble Inc's annual revenue?
Trimble Inc (TRMB) reported $3.7B in total revenue for fiscal year 2025. This represents a -3.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Trimble Inc's revenue growing?
Trimble Inc (TRMB) revenue declined by 3% year-over-year, from $3.8B to $3.7B in fiscal year 2025.
Is Trimble Inc profitable?
Yes, Trimble Inc (TRMB) reported a net income of $1.5B in fiscal year 2025, with a net profit margin of 40.8%.
What is Trimble Inc's earnings per share (EPS)?
Trimble Inc (TRMB) reported diluted earnings per share of $6.09 for fiscal year 2025. This represents a 387.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Trimble Inc's EBITDA?
Trimble Inc (TRMB) had EBITDA of $692.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Trimble Inc have?
As of fiscal year 2025, Trimble Inc (TRMB) had $290.0M in cash and equivalents against $1.4B in long-term debt.
What is Trimble Inc's gross margin?
Trimble Inc (TRMB) had a gross margin of 65.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Trimble Inc's operating margin?
Trimble Inc (TRMB) had an operating margin of 12.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Trimble Inc's net profit margin?
Trimble Inc (TRMB) had a net profit margin of 40.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Trimble Inc's return on equity (ROE)?
Trimble Inc (TRMB) has a return on equity of 27.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Trimble Inc's free cash flow?
Trimble Inc (TRMB) generated $497.8M in free cash flow during fiscal year 2025. This represents a -10.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Trimble Inc's operating cash flow?
Trimble Inc (TRMB) generated $531.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Trimble Inc's total assets?
Trimble Inc (TRMB) had $8.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Trimble Inc's capital expenditures?
Trimble Inc (TRMB) invested $33.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Trimble Inc spend on research and development?
Trimble Inc (TRMB) invested $662.3M in research and development during fiscal year 2025.
Does Trimble Inc buy back shares?
Yes, Trimble Inc (TRMB) spent $175.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Trimble Inc have outstanding?
Trimble Inc (TRMB) had 239M shares outstanding as of fiscal year 2025.
What is Trimble Inc's current ratio?
Trimble Inc (TRMB) had a current ratio of 0.84 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Trimble Inc's debt-to-equity ratio?
Trimble Inc (TRMB) had a debt-to-equity ratio of 0.26 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Trimble Inc's return on assets (ROA)?
Trimble Inc (TRMB) had a return on assets of 16.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Trimble Inc's Altman Z-Score?
Trimble Inc (TRMB) has an Altman Z-Score of 3.79, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Trimble Inc's Piotroski F-Score?
Trimble Inc (TRMB) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Trimble Inc's earnings high quality?
Trimble Inc (TRMB) has an earnings quality ratio of 0.35x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Trimble Inc?
Trimble Inc (TRMB) scores 61 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.