Trimble Inc. (TRMB)
Information Technology · Application Software · US stock · S&P 500 component
$64.01
▲ +1.42 (2.27%)
Fair valueFair
$58 −9.4% to fair value
$29fair band $49–$70$87
Day's range
$62.39 – $64.12
52-week range
$47.92 – $84.42
About Trimble Inc.
Trimble provides positioning technology, software and hardware that connect physical work with digital information. Its products guide surveying equipment, construction machinery, farm vehicles and fleets, and its software helps contractors and engineers plan projects, manage assets and track transport operations. Customers include construction firms, farmers, surveyors, utilities, transportation companies and governments.
Trimble earns revenue from software subscriptions, from hardware devices and from related services and support. Over the last twelve months it reached $3.8 billion, though revenue growth over the last three years was -0.8% a year, a small decline. The operating margin is 17.0%, and the business earns a profit of 8% on the capital invested in it. It has net debt of 1.5 times EBITDA. The company does not pay a dividend. On the site's X-Ray Score it receives 39 out of 100.
Price chart
52-wk range $47.92 – $84.42Volume 2,097,774Daily, split-adjusted
Vitals
Market cap$14.9B
52-week range$47.92 – $84.42
Volume (last day)2,097,774
P/E (TTM)–
EBIT / EV yield4.0%
Free-cash-flow yield5.2%
Dividend yieldNo dividend
Revenue (TTM)$3.8B
Net income (TTM)−$105M
Operating margin17.0%
Return on capital8.0%
Debt incl. leases$1.5B
Cash & securities$214M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$58middle half of models $50 – $72
Fair
−9.4% to fair value
Average of the 12 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $64
Undervalued < $49Fair $49 – $70Overvalued > $70
P/B multiple
$71
P/S multiple
$74
EV/EBITDA multiple
$73
EV/EBIT multiple
$79
EV/revenue multiple
$71
10-year DCF, EBITDA exit
$58
5-year DCF, EBITDA exit
$64
10-year DCF, revenue exit
$56
5-year DCF, revenue exit
$61
10-year DCF, growth exit
$30
5-year DCF, growth exit
$27
Earnings power value
$32
Growth the price implies
23.0%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Fair
56/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield4.0%
Free-cash-flow yield5.2%
Fair value vs price0.9×
Growth
Weak
17/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-0.8%
EPS growth (3y)-0.7%
Growth consistency60%
Profitability
Fair
51/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital8.0%
Operating margin17.0%
Gross profitability30.9%
Financial health
Weak
23/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score4 / 9
Net debt / EBITDA1.5×
Interest cover8.1×
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
-11.8%
Apr '25
+0.6%
Jul '25
+2.9%
Oct '25
-1.4%
Jan '26
+11.8%
Apr '26
+11.0%
Jul '26
Revenue against the same quarter a year earlier. Latest quarter revenue $972M, diluted EPS $-2.02.
Compare with peers
ADBE Adobe Inc.77 INTU Intuit Inc.71 FICO Fair Isaac Corp71 ADSK Autodesk, Inc.67Other Application Software companies by X-Ray Score.
SWOT analysis: Trimble Inc.
Strengthsinside the company
- Free cash flow equals 5.2% of the market value, which funds dividends, buybacks or debt paydown.
Weaknessesinside the company
- Return on invested capital of 8.0% is well below the 21.0% median of industry peers.
- Revenue has fallen 0.8% a year over three years while industry peers grew 12.9%.
Opportunitiesvaluation and setting
- Our Market Compass rates the backdrop for Information Technology as favourable.
Threatsvaluation and setting
- No specific threat is flagged by our checks; general market and interest-rate risk still applies.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare TRMB with peers and sector
Medians of 13 Application Software peers and of 74 Information Technology stocks in our universe.
Largest peers (X-Ray Score): PLTR 63, ORCL 56, CRM 52, ADBE 77, INTU 71, DDOG 50.
| Metric | TRMB | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 39 | 58 | 50 |
| Valuation | 56 | 67 | 50 |
| Growth | 17 | 65 | 54 |
| Profitability | 51 | 62 | 49 |
| Financial health | 23 | 50 | 50 |
| Dividends | – | 72 | 50 |
Sector leaders: highest X-Ray Score in Information Technology
TRMB ranks #64 of 75 in Information Technology and #13 of 14 in Application Software by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for TRMB
Each factor is rated by where TRMB stands among the 75 Information Technology stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 7 Good · 4 Average · 10 Bad of 21
Growth: 0 · 1 · 2
Profitability: 1 · 1 · 3
Financial strength: 0 · 0 · 4
Valuation: 4 · 0 · 0
Cash flow: 1 · 1 · 1
Efficiency: 1 · 1 · 0
| Factor | TRMB | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | −0.8% | Bad beats 16% | +9.7% | – | – |
| Revenue growth, last year | −2.6% | Bad beats 3% | +13.7% | +0.5% | ▼ Worse |
| EPS growth, 3 years a year | −0.7% | Average beats 36% | +5.9% | – | – |
| Profitability | |||||
| Gross margin | 69.8% | Good beats 70% | 57.8% | 61.4% | ▲ Better |
| Operating margin | 17.0% | Average beats 41% | 20.3% | 13.9% | ▲ Better |
| Net margin | -2.8% | Bad beats 3% | 17.8% | 12.2% | ▼ Worse |
| Return on invested capital | 8.0% | Bad beats 20% | 19.4% | – | – |
| Return on equity | -2.0% | Bad beats 4% | 21.0% | 11.1% | ▼ Worse |
| Financial strength | |||||
| Net debt / EBITDA | 1.5x | Bad beats 30% | 0.8x | 1.7x | ≈ In line |
| Interest cover | 8.1x | Bad beats 19% | 23.0x | 5.1x | ▲ Better |
| Current ratio | 0.95 | Bad beats 21% | 1.57 | 1.09 | ▼ Worse |
| Piotroski F-score | 4 / 9 | Bad beats 9% | 6 / 9 | – | – |
| Valuation | |||||
| Price / book | 2.9x | Good beats 89% | 8.3x | 3.1x | ≈ In line |
| Price / sales | 3.9x | Good beats 74% | 6.9x | 4.7x | ▲ Better |
| EV / EBITDA | 19.1x | Good beats 69% | 24.7x | 25.3x | ▲ Better |
| Free cash flow yield | 5.2% | Good beats 74% | 3.4% | 2.9% | ▲ Better |
| Cash flow | |||||
| Free cash flow margin | 20.4% | Average beats 41% | 22.3% | 13.5% | ▲ Better |
| Free cash flow growth, 3 years a year | +1.2% | Bad beats 20% | +15.4% | – | – |
| Accruals (lower is better) | −10.6% | Good beats 85% | −4.4% | – | – |
| Efficiency | |||||
| Inventory turnover | 6.2x | Good beats 85% | 3.9x | 6.0x | ≈ In line |
| Days sales outstanding | 58 days | Average beats 58% | 63 days | 68 days | ▲ Better |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 2 Good · ● 6 Average · ● 8 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldGood
Risk models
Altman Z''Average
Piotroski F-ScoreBad
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalBad
Operating marginAverage
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 40/100.
Financials
| FY21 | FY22 | FY23 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.7B | $3.8B | $3.7B | $3.6B |
| Operating income | $561M | $511M | $449M | $461M | $592M |
| Net income | $493M | $450M | $311M | $1.5B | $424M |
| Operating cash flow | $751M | $391M | $597M | $531M | $386M |
| Operating margin | 15.3% | 13.9% | 11.8% | 12.5% | 16.5% |
| Free cash flow | $704M | $348M | $555M | $498M | $361M |
| Diluted EPS | $1.94 | $1.80 | $1.25 | $6.09 | $1.76 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 1 neutral · 3 bearish
Weekly
Bullish
7 bullish · 1 neutral · 4 bearish
Monthly
Neutral
3 bullish · 1 neutral · 4 bearish
Moving averages (daily)
| SMA 10 | 60.78 | Bullish |
| EMA 10 | 61.18 | Bullish |
| SMA 20 | 59.62 | Bullish |
| EMA 20 | 60.21 | Bullish |
| SMA 50 | 59.07 | Bullish |
| EMA 50 | 58.98 | Bullish |
| SMA 100 | 56.28 | Bullish |
| EMA 100 | 58.96 | Bullish |
| SMA 200 | 61.31 | Bullish |
| EMA 200 | 61.63 | Bullish |
Oscillators (daily)
| RSI (14) | 67.70 | Neutral |
| MACD (12, 26) | 1.05 | Bullish |
| Momentum (12) | 5.02 | Bullish |
| Stochastic %K (14) | 98.36 | Bearish |
| Williams %R (14) | -1.64 | Bearish |
| CCI (20) | 200.9 | Bearish |
Pivot points (classic, last session)
S3 61.16 | S2 61.77 | S1 62.89 | Pivot 63.50 | R1 64.62 | R2 65.23 | R3 66.35 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
ETFs that hold TRMB
| ETF | Share of the fund |
|---|---|
| ARKX ARK Space Exploration & Innovation | 3.34% |
| PHO Invesco Water Resources | 2.89% |
| RSPT Invesco S&P 500 Equal Weight Technolog... | 1.53% |
| XSW SPDR S&P Software & Services | 0.74% |
| PAVE Global X U.S. Infrastructure Developme... | 0.72% |
| SPHB Invesco S&P 500 High Beta | 0.69% |
| IGV iShares Expanded Tech-Software Sector | 0.45% |
| VBR Vanguard Small-Cap Value | 0.26% |
The eight funds with the largest weight in TRMB among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
TRMB stock splits
TRMB has split its stock 3 times since 2004. The latest was a 2-for-1 split on 21 Mar 2013.
Full TRMB stock split history →TRMB SEC filings
8-KSEC EDGAR
Entered a material agreement
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Other events
8-KSEC EDGAR
Shareholder vote results; Other events
8-KSEC EDGAR
Director or officer change; Other events
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.