TRMBNasdaqMeasuring & Controlling Devices, NECFiscal year ends January 2
TRIMBLE INC.
Financials through Q2 FY2026, quarter ended Jul 3, 2026Last filing: 10-Q on Aug 12, 2026
$59.95+0.49 (+0.82%)
Close on Oct 19, 2026
- Market cap
- $13.97B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
69.1%+13.4 pts over 5 years
Operating margin
16.5%+3.2 pts over 5 years
Net margin
11.8%−0.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -2.6% | -0.8% | +2.6% | +4.6% | |
| Gross profit | +3.4% | +5.6% | +7.1% | +7.5% | |
| Operating income | +28.5% | +5.0% | +7.1% | +14.4% | |
| Net income | -71.8% | -1.9% | +1.7% | +13.4% | |
| EPS, diluted | -71.1% | -0.7% | +2.6% | +14.1% | |
| Free cash flow | -27.5% | +1.2% | -10.1% | +1.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 5.9% | 11.6% | 7.3% | |
| Return on assets | 3.6% | 5.8% | 4.5% | |
| Current ratio | 1.42 | 0.98 | 1.09 | |
| Debt to equity | 0.27 | 0.50 | 0.24 | |
| Net debt to EBITDA | – | – | 1.44× | |
| Interest coverage | – | – | 8.0× | |
| Inventory turnover | 4.8× | 4.6× | 5.8× | |
| Capex to revenue | 1.1% | 1.8% | 0.7% | |
| Diluted shares | 254M | 252M | 242M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Trimble generated $2.66B from operations and spent $1.90B on capital expenditure, dividends and share buybacks. 10% of that went back into the business.
Generated
$2.66B
Used
$1.90B
Capital expenditure$190.20M10%Dividends$00%Share buybacks$1.71B90%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin11.8%
×Asset turnover0.38×
×Equity multiplier1.62×
=Return on equity, FY20257.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 11.8% | 0.38× | 1.62× | 7.3% |
| FY2024 | 40.8% | 0.39× | 1.86× | 29.4% |
| FY2023 | 8.2% | 0.45× | 1.97× | 7.3% |
| FY2022 | 12.2% | 0.51× | 1.80× | 11.2% |
| FY2021 | 13.5% | 0.52× | 1.85× | 13.1% |
| FY2020 | 12.4% | 0.47× | 2.01× | 11.6% |
| FY2019 | 15.7% | 0.53× | 2.14× | 17.8% |
| FY2018 | 9.0% | 0.62× | 1.98× | 11.1% |
| FY2017 | 4.5% | 0.66× | 1.69× | 5.0% |
| FY2016 | 5.6% | 0.64× | 1.63× | 5.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$424.00M
- Cash generatingOperating cash flow above zero$386.20M
- Return on assets improvedROA up on the prior year15.8% → 4.5%
- Earnings backed by cashOperating cash flow above net income$386.20M vs $424.00M
- Less leverageLong-term debt to assets fell14.7% → 15.0%
- Better liquidityCurrent ratio rose1.27 → 1.09
- No dilutionShare count did not rise247M → 242M
- Gross margin improvedGross margin up on the prior year65.06% → 69.07%
- More efficientAsset turnover rose0.39 → 0.38