NASDAQ: TRMB
Trimble
Technology · Measuring & Controlling Devices, NEC
52-week range
$47.92$84.42
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Jul 3, 2026. Hover or tap a column for another year.$12.4B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 30, 2016 | $7.61B |
| FY2017, ended Dec 29, 2017 | $10.1B |
| FY2018, ended Dec 28, 2018 | $8.03B |
| FY2019, ended Jan 3, 2020 | $10.4B |
| FY2020, ended Jan 1, 2021 | $16.8B |
| FY2021, ended Dec 31, 2021 | $21.9B |
| FY2022, ended Dec 30, 2022 | $12.5B |
| FY2023, ended Dec 29, 2023 | $13.1B |
| FY2024, ended Jan 3, 2025 | $16.8B |
| FY2025, ended Jan 2, 2026 | $18.3B |
| Trailing 12 months to Jul 3, 2026 (through Q2 FY2026) | $12.4B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Jul 3, 2026. Hover or tap a column for another year.$3.78B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 30, 2016 | $2.36B |
| FY2017, ended Dec 29, 2017 | $2.65B |
| FY2018, ended Dec 28, 2018 | $3.13B |
| FY2019, ended Jan 3, 2020 | $3.27B |
| FY2020, ended Jan 1, 2021 | $3.15B |
| FY2021, ended Dec 31, 2021 | $3.66B |
| FY2022, ended Dec 30, 2022 | $3.68B |
| FY2023, ended Dec 29, 2023 | $3.80B |
| FY2024, ended Jan 3, 2025 | $3.68B |
| FY2025, ended Jan 2, 2026 | $3.59B |
| Trailing 12 months to Jul 3, 2026 (through Q2 FY2026) | $3.78B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Jul 3, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 30, 2016 | $132M | $405M |
| FY2017, ended Dec 29, 2017 | $118M | $386M |
| FY2018, ended Dec 28, 2018 | $283M | $419M |
| FY2019, ended Jan 3, 2020 | $514M | $516M |
| FY2020, ended Jan 1, 2021 | $390M | $615M |
| FY2021, ended Dec 31, 2021 | $493M | $704M |
| FY2022, ended Dec 30, 2022 | $450M | $348M |
| FY2023, ended Dec 29, 2023 | $311M | $555M |
| FY2024, ended Jan 3, 2025 | $1.50B | $498M |
| FY2025, ended Jan 2, 2026 | $424M | $361M |
| Trailing 12 months to Jul 3, 2026 (through Q2 FY2026) | −$105M | $773M |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Jul 3, 2026. Hover or tap a column for another year.$214M
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 30, 2016 | $216M |
| FY2017, ended Dec 29, 2017 | $359M |
| FY2018, ended Dec 28, 2018 | $173M |
| FY2019, ended Jan 3, 2020 | $189M |
| FY2020, ended Jan 1, 2021 | $238M |
| FY2021, ended Dec 31, 2021 | $326M |
| FY2022, ended Dec 30, 2022 | $271M |
| FY2023, ended Dec 29, 2023 | $230M |
| FY2024, ended Jan 3, 2025 | $739M |
| FY2025, ended Jan 2, 2026 | $253M |
| Trailing 12 months to Jul 3, 2026 (through Q2 FY2026) | $214M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Jul 3, 2026. Hover or tap a column for another year.$1.46B
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 30, 2016 | $620M |
| FY2017, ended Dec 29, 2017 | $914M |
| FY2018, ended Dec 28, 2018 | $1.97B |
| FY2019, ended Jan 3, 2020 | $1.84B |
| FY2020, ended Jan 1, 2021 | $1.55B |
| FY2021, ended Dec 31, 2021 | $1.29B |
| FY2022, ended Dec 30, 2022 | $1.52B |
| FY2023, ended Dec 29, 2023 | $3.60B |
| FY2024, ended Jan 3, 2025 | $1.39B |
| FY2025, ended Jan 2, 2026 | $1.39B |
| Trailing 12 months to Jul 3, 2026 (through Q2 FY2026) | $1.46B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 7.6% since 2016.Figures shown are for the trailing 12 months to Jul 3, 2026. Hover or tap a column for another year.233M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 30, 2016 | 252M |
| FY2017, ended Dec 29, 2017 | 248M |
| FY2018, ended Dec 28, 2018 | 252M |
| FY2019, ended Jan 3, 2020 | 250M |
| FY2020, ended Jan 1, 2021 | 251M |
| FY2021, ended Dec 31, 2021 | 251M |
| FY2022, ended Dec 30, 2022 | 247M |
| FY2023, ended Dec 29, 2023 | 246M |
| FY2024, ended Jan 3, 2025 | 239M |
| FY2025, ended Jan 2, 2026 | 234M |
| Trailing 12 months to Jul 3, 2026 (through Q2 FY2026) | 233M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Jul 3, 2026. Hover or tap a column for another year.Net: $369M more bought back than issued
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| Period | Bought back | Paid to employees | Sold for cash |
|---|---|---|---|
| FY2016, ended Dec 30, 2016 | $120M | $52.6M | $67.5M |
| FY2017, ended Dec 29, 2017 | $285M | $64.8M | $73.8M |
| FY2018, ended Dec 28, 2018 | $93.0M | $76.9M | $40.2M |
| FY2019, ended Jan 3, 2020 | $180M | $75.0M | $29.1M |
| FY2020, ended Jan 1, 2021 | $81.6M | $83.0M | $10.0M |
| FY2021, ended Dec 31, 2021 | $180M | $123M | −$15.1M |
| FY2022, ended Dec 30, 2022 | $395M | $120M | −$13.6M |
| FY2023, ended Dec 29, 2023 | $100M | $145M | $6.70M |
| FY2024, ended Jan 3, 2025 | $175M | $159M | −$6.50M |
| FY2025, ended Jan 2, 2026 | $863M | $147M | $600K |
| Trailing 12 months to Jul 3, 2026 (through Q2 FY2026) | $515M | $155M | −$8.80M |
Revenue (TTM)
$3.78B
+5.8% YoY
Net income (TTM)
−$105M
−137% YoY
Cash
$214M
−19.4% YoY
Total debt
$1.46B
−3.5% YoY
Valuation
At current price- Market Cap
- $15.1B
- P/E
- n/m. Market cap / net income (TTM)
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 4.0×
- Price / Book
- 3.0×
- EV / EBITDA
- 19.4×
Growth
Trailing 12 months- Revenue (TTM)
- $3.78B
- Revenue Growth YoY
- 5.8%
- Revenue CAGR 3Y
- −0.8%
- Revenue CAGR 5Y
- 2.6%
- EPS Growth YoY
- −141%
- Net Income Growth YoY
- −137%
Profitability
Trailing 12 months- Gross Margin
- 69.8%
- Operating Margin
- 17.0%
- Net Margin
- −2.8%
- FCF Margin
- 20.4%
- Return on Equity
- −1.9%
Earnings
Trailing 12 months- Net Income
- −$105M
- EPS (diluted)
- −$0.48
- EBITDA
- $845M
- Operating Income
- $643M
Balance Sheet
As of Jul 3, 2026- Cash and cash equivalents
- $214M
- Total Debt
- $1.46B
- Net Debt
- $1.24B
- Total Assets
- $8.54B
- Total Liabilities
- $3.43B
- Shareholders' Equity
- $5.11B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $799M
- Capital Expenditure
- $26.0M
- Free Cash Flow
- $773M
Dividends and risk
Last 12 months- Dividend Yield
- 0.0%
- Dividend / Share
- $0.00
- Beta (5Y)
- 1.34
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 5.8% year over year, at $3.78B.
Watch
Lost $105M over the last 12 months.
Note
Net debt of $1.24B is 1.5× EBITDA, a manageable load.
Strength
Turns 20.4% of revenue into free cash flow.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Jan 2, 2026 · filed Feb 25, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K28Serious concerns
28Serious concerns
10-K for the fiscal year ended Jan 3, 2025
Filed Apr 25, 2025 · Read the filing on EDGAR
- Revenue slipped 3% to $3.68 billion after the agriculture business was sold, while operating income rose 3% to $460.7 million.
- Net income jumped to $1.50 billion, mainly from a one-time $1.7 billion gain on the agriculture sale, not from everyday operations.
- Trimble used sale proceeds to cut debt from $3.08 billion to $1.4 billion, and its board authorized up to $1.0 billion in share buybacks.
- Accounting control problems widened: several material weaknesses remain unfixed, and this report and three quarterly reports were filed late.
Business momentum
Stable
“Operating income and operating income as a percentage of revenue increased primarily due to organic growth and associated gross margin expansion and to a lesser extent, the impact of the additional week.”
Outlook
Cautious
“These evolving dynamics may have a negative impact on our business operations.”
Financial stress
Low
“We believe that our cash and cash equivalents and available borrowing capacity under our existing lines of credit, along with cash provided by operations, will be sufficient in the foreseeable future to meet our anticipated operating cash needs”
Tone against the previous report
About the same
Red flags
- Serious
Weak internal controls
“our CEO and CFO concluded that our disclosure controls and procedures were not effective as of the end of such period because of the material weaknesses in internal control over financial reporting described below.”
- Serious
Late filing
“the Company had delayed the filing of this report for the fiscal year ended January 3, 2025 due to the time required to prepare and file the prior delayed reports.”
- Minor
Large write-down
“including $52.7 million of our proportionate share of PTx Trimble’s goodwill impairment”
Positives
Revenue is shifting toward more recurring software and services
“Our software, services, and recurring revenue represented 76% and 67% of total revenue for 2024 and 2023.”
Debt was cut sharply using agriculture sale proceeds
“During 2024, we made $1.7 billion in debt payments through the use of the net proceeds from the Ag divestiture and cash on hand.”
Strong subscription demand in the largest growth segment, AECO
“Organic revenue increased due to strong demand for subscription offerings, particularly for Viewpoint, Architecture and Design, and to a lesser extent, MEP and Structures offerings.”
Concerns
Financial reporting controls remain ineffective across several areas
“it was determined that the Company’s internal control over financial reporting was not effective due to the material weaknesses described below.”
Late reports could trigger debt problems if repeated
“There are various financial covenants and other restrictions in our debt instruments, including a requirement to timely file our SEC reports.”
Underlying hardware sales fell even excluding the agriculture sale
“Organic product revenue decreased due to lower Ag demand in the first quarter and higher U.S. federal government sales of Surveying hardware in the prior year.”
New risks since the previous report
Control weaknesses now extend to IT systems and revenue pricing
“we had identified additional material weaknesses related to certain information technology general controls (“ITGCs”), undue reliance on controls over IT interfaces, and the evaluation of standalone selling prices”
Late filings temporarily make raising capital harder
“As a result of our previous failure to timely meet our SEC reporting obligations, we are unable to use Form S-3 for the twelve months after that date.”
Tariffs and trade tensions could raise costs and hurt demand
“The heightened trade tensions and related imposition of tariffs between the U.S. and its trading partners, the extent and duration of these tariffs, and their impact on global economic conditions remain uncertain”
Competitors may use AI more successfully
“Our competitors may incorporate AI more quickly or successfully, and our solutions could become less competitive as a result.”
Minority stakes in sold businesses could lose value
“We have limited control over such entities, and the value of such equity stake could decline over time.”
Biggest risks named
- Unremediated material weaknesses and repeat late filings
- Tariffs, trade tensions and weak global economy
- Divestiture, acquisition and joint venture execution
- Software subscription renewals and competition, including AI
- Dependence on GPS signals and radio spectrum
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | 0 | |
| Outlook | −2 | |
| Tone against the previous report | 0 | |
| Financial stress | 0 | |
| Red flags | −28.5 | |
| New risks | −2 | |
| Score | 28 | |
Written by AI (Claude Opus 5.5) from the report’s text. 17 of 17 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Feb 25, 2026 | Pro | |||
| 10-K | Apr 25, 2025 | 28 | Stable | 2 serious1 minor | |
| 10-K | Feb 26, 2024 | 31 | Mixed | 1 serious | |
| 10-K | Feb 17, 2023 | 43 | Mixed | None | |
| 10-K | Feb 23, 2022 | 71 | Strong improvement | None | |
| 10-K | Feb 26, 2021 | 63 | Improving | None | |
| 10-K | Feb 28, 2020 | 62 | Improving | None | |
| 10-K | Feb 22, 2019 | 66 | Strong improvement | 2 minor | |
| 10-K | Feb 27, 2018 | 72 | Strong improvement | None | |
| 10-K | Feb 24, 2017 | 66 | Improving | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q2 FY2026 (period ended Jul 3, 2026), filed Aug 12, 2026. View filings on SEC EDGAR