TRMB Technology

Trimble Inc.

$65.61-0.35%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Technology
Industry: Scientific & Technical Instruments
Country: United States
Market cap: 15.3B USD
Enterprise value: 15.1B USD
Full-time employees: 11,500

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.36 vs a peer median of 0.87) and less short-term liquidity (current ratio 0.95 vs a peer median of 1.83)higher risk: bigger price swings (beta 1.36 vs peers 0.87) and less liquidity (current ratio 0.95 vs peers 1.83)
About average: profitability and valuation

Ranks #1,210 of 1,612 technology companies (bottom 25%)

See how it ranks against its peers

Worth knowing

Earnings slid into a loss. Loss per share this year after a profit last year.
Trimble made a loss per share in its latest year after a profit the year before.
Operating margin at a 6-year high. 17% in 2025, the best of the last 6 years.
Trimble kept 17% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.
Valuation signals disagree. Cheaper than 65% of peers on free cash flow, but only 0% on earnings.
Relative to its free cash flow, Trimble looks cheaper than 65% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Share count shrinking. Shares outstanding down 5.6% from December 2022 to August 2026.
Trimble had 5.6% fewer shares at August 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

StockQuotient Score

37/ 100▼ 1 since Oct 27 close

Oct 5 39 → Nov 4 37 (-2)

Valuation

Is the price right?

47/100

Moderate▼ 3 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 50 → 47

Share price +3.9%-1
Peer companies moved-2

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ FCF yield
▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-0.7%

SEC filings · 12 months to Jul 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0225 · MAD: 0.0225

EBITDA yield5.1%

SEC filings · 12 months to Jul 2026Reported value50% base weight · Z-score 0.24Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield5.1%

SEC filings · 12 months to Jul 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 0.84Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield33.4%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

23/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 2.6%

Why

Weaker than most peers on:

▼ EPS growth
▼ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Earnings per share turned from a profit to a loss33% base weight · Z-score -1.83Sector median: 0.1108 · MAD: 0.3050

3-year revenue growth1.2%

SEC filings · 3 years to Jul 2026Reported value33% base weight · Z-score -0.46Sector median: 0.0483 · MAD: 0.0793

Revenue growth5.8%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -0.27Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

52/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Turned to a loss over the last 12 months

Why

Mixed versus peers:

▲ Operating margin
▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin17.0%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score 1.51Sector median: 0.0631 · MAD: 0.0710

Return on assets-1.2%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -1.15Sector median: 0.0293 · MAD: 0.0362

Return on invested capital8.0%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score 0.14Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin69.8%

SEC filings · 12 months to Jul 2026Reported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity-2.0%

SEC filings · 12 months to Jul 2026Reported valueInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.36

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.33Sector median: 0.8710 · MAD: 0.3700

Current ratio0.95×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.28Sector median: 1.8295 · MAD: 0.6848

Debt / equity0.29×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.16Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Trimble

Is Trimble getting weaker?: Its latest SEC filing (Aug 12, 2026) got weaker in some ways: turned to a loss over the last 12 months. Its overall score is 37/100, down 1 since Oct 28, 2026.
How is Trimble valued vs its peers?: Priced about in line with its peers. Valuation scores 47/100 against 1,711 technology peers. Free cash flow yield 5.1% vs a peer median of 2.7% (stronger than 65% of peers).Free cash flow yield 5.1% vs peers 2.7% (stronger than 65% of peers). Earnings yield -0.7% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -0.7% vs peers 2.2% (weaker than 100% of peers).
Is Trimble growing?: More slowly than most of its peers. Growth scores 23/100 against 1,711 technology peers. 3-year revenue growth 1.2% vs a peer median of 4.8% (weaker than 63% of peers).3-year revenue growth 1.2% vs peers 4.8% (weaker than 63% of peers).
How profitable is Trimble?: About as profitable as its peers. Profitability scores 52/100 against 1,711 technology peers. Operating margin 17.0% vs a peer median of 6.3% (stronger than 81% of peers).Operating margin 17.0% vs peers 6.3% (stronger than 81% of peers). Return on assets -1.2% vs a peer median of 2.9% (weaker than 78% of peers).Return on assets -1.2% vs peers 2.9% (weaker than 78% of peers).
How risky is Trimble?: Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 0.95× vs a peer median of 1.83× (weaker than 90% of peers).Current ratio 0.95× vs peers 1.83× (weaker than 90% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jul 3, 2026 · filed Aug 12, 2026 · compared with the quarter ended Apr 3, 2026

Got weaker

Turned to a loss over the last 12 months

	Previous quarter	Latest quarter	Change
Revenue (12 months)	3.7B USD	3.8B USD	+2.6%
Net income (12 months)	456.2M USD	−104.7M USD	turned negative
Operating margin	17.3%	17.0%	−0.3 pts
Free cash flow (12 months)	480.5M USD	773.1M USD	+60.9%
Debt	1.4B USD	1.5B USD	+3.3%
Cash	234.1M USD	214.4M USD	−8.4%
Shares outstanding	233.1M	233.2M	+0.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Technology · 320 companies

Valuations in Technology are above their usual range since 2016.

70% of months since 2016 were valued lower than now.
37% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +5% and earnings +25% (medians): earnings grew faster than prices.
Median price-to-sales is +68% vs the whole market, against a usual +58%.

2016Shaded: most expensive fifth of its range2026

Shown for Technology: too few Scientific & Technical Instruments companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	55.6%	57.3%	61.4%	65.1%	69.1%	▲ 4.0 pts
Operating margin	15.3%	13.9%	11.8%	12.5%	16.5%	▲ 4.0 pts
Net margin	13.5%	12.2%	8.2%	40.8%	11.8%	▼ 29 pts
Return on assets (ROA)	6.9%	6.2%	3.3%	15.9%	4.6%	▼ 11 pts
Return on equity (ROE)	12.5%	11.1%	6.9%	26.2%	7.3%	▼ 19 pts
Free cash flow margin	19.2%	9.5%	14.6%	13.5%	10.1%	▼ 3.5 pts
Current ratio	1.22×	1.04×	1.00×	1.27×	1.09×	▼ 15%
Quick ratio	0.91×	0.76×	0.87×	1.16×	0.96×	▼ 17%
Debt to equity	0.33×	0.45×	0.80×	0.24×	0.24×	▼ 1.4%
Interest coverage	—	—	2.79×	5.08×	7.96×	▲ 57%

TRMB price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

LEENO Industrial Inc.058470.KQ97/ 100

Transcend Information, Inc.2451.TW94/ 100

Joint Stock Company Kaspi.kzKSPI93/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.36 vs a peer median of 0.87) and less short-term liquidity (current ratio 0.95 vs a peer median of 1.83)higher risk: bigger price swings (beta 1.36 vs peers 0.87) and less liquidity (current ratio 0.95 vs peers 1.83)

About average: profitability and valuation

Ranks #1,210 of 1,612 technology companies (bottom 25%)

See how it ranks against its peers

Worth knowing

Earnings slid into a loss. Loss per share this year after a profit last year.

Trimble made a loss per share in its latest year after a profit the year before.

Operating margin at a 6-year high. 17% in 2025, the best of the last 6 years.

Trimble kept 17% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.

Valuation signals disagree. Cheaper than 65% of peers on free cash flow, but only 0% on earnings.

Relative to its free cash flow, Trimble looks cheaper than 65% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Share count shrinking. Shares outstanding down 5.6% from December 2022 to August 2026.

Trimble had 5.6% fewer shares at August 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Questions investors ask about Trimble

Is Trimble getting weaker?

Its latest SEC filing (Aug 12, 2026) got weaker in some ways: turned to a loss over the last 12 months. Its overall score is 37/100, down 1 since Oct 28, 2026.

How is Trimble valued vs its peers?

Priced about in line with its peers. Valuation scores 47/100 against 1,711 technology peers. Free cash flow yield 5.1% vs a peer median of 2.7% (stronger than 65% of peers).Free cash flow yield 5.1% vs peers 2.7% (stronger than 65% of peers). Earnings yield -0.7% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -0.7% vs peers 2.2% (weaker than 100% of peers).

Is Trimble growing?

More slowly than most of its peers. Growth scores 23/100 against 1,711 technology peers. 3-year revenue growth 1.2% vs a peer median of 4.8% (weaker than 63% of peers).3-year revenue growth 1.2% vs peers 4.8% (weaker than 63% of peers).

How profitable is Trimble?

About as profitable as its peers. Profitability scores 52/100 against 1,711 technology peers. Operating margin 17.0% vs a peer median of 6.3% (stronger than 81% of peers).Operating margin 17.0% vs peers 6.3% (stronger than 81% of peers). Return on assets -1.2% vs a peer median of 2.9% (weaker than 78% of peers).Return on assets -1.2% vs peers 2.9% (weaker than 78% of peers).

How risky is Trimble?

Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 0.95× vs a peer median of 1.83× (weaker than 90% of peers).Current ratio 0.95× vs peers 1.83× (weaker than 90% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

3.7B USD

3.8B USD

+2.6%

Net income (12 months)

456.2M USD

−104.7M USD

turned negative

Operating margin

17.3%

17.0%

−0.3 pts

Free cash flow (12 months)

480.5M USD

773.1M USD

+60.9%

Debt

1.4B USD

1.5B USD

+3.3%

Cash

234.1M USD

214.4M USD

−8.4%

Shares outstanding

233.1M

233.2M

+0.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

55.6%

57.3%

61.4%

65.1%

69.1%

▲ 4.0 pts

Operating margin

15.3%

13.9%

11.8%

12.5%

16.5%

▲ 4.0 pts

Net margin

13.5%

12.2%

8.2%

40.8%

11.8%

▼ 29 pts

Return on assets (ROA)

6.9%

6.2%

3.3%

15.9%

4.6%

▼ 11 pts

Return on equity (ROE)

12.5%

11.1%

6.9%

26.2%

7.3%

▼ 19 pts

Free cash flow margin

19.2%

9.5%

14.6%

13.5%

10.1%

▼ 3.5 pts

Current ratio

1.22×

1.04×

1.00×

1.27×

1.09×

▼ 15%

Quick ratio

0.91×

0.76×

0.87×

1.16×

0.96×

▼ 17%

Debt to equity

0.33×

0.45×

0.80×

0.24×

▼ 1.4%

Interest coverage

—

2.79×

5.08×

7.96×

▲ 57%