Trimble Inc.
- Open
- 52.01
- Day high
- 52.88
- Day low
- 51.07
- Prev close
- 52.40
- Volume
- 1.8M
- Mkt cap
- $12.3B
- P/E (TTM)
- 27.5
- EPS (TTM)
- $1.92
- P/B
- 2.2
- P/S
- 3.3
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$1.6M over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions mixed (13F)
Trimble Inc. (TRMB) is a Technology company listed on NASDAQ. The stock is down 34% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
Trimble Inc. (TRMB) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
TRMB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $0.72 | $0.79 | +9.7% | $940M | +3.8% |
| Nov 5, 2025 | $0.72 | $0.81 | +12.8% | $901M | +3.5% |
| Aug 6, 2025 | $0.63 | $0.71 | +13.6% | $876M | +4.9% |
| Feb 19, 2025 | $0.89 | $0.89 | +0.6% | $983M | +4.1% |
| May 3, 2024 | $0.62 | $0.64 | +3.2% | $953M | +4.5% |
| Feb 12, 2024 | $0.58 | $0.63 | +8.6% | $932M | +2.5% |
| Nov 1, 2023 | $0.59 | $0.68 | +15.3% | $957M | -1.0% |
| Aug 3, 2023 | $0.58 | $0.64 | +10.3% | $994M | +2.0% |
| May 3, 2023 | $0.67 | $0.72 | +7.5% | $915M | -1.7% |
| Feb 8, 2023 | $0.61 | $0.60 | -1.6% | $857M | -2.2% |
| Nov 2, 2022 | $0.66 | $0.66 | +0.0% | $885M | -2.9% |
| Aug 5, 2022 | $0.62 | $0.64 | +3.2% | $941M | +1.3% |
TRMB insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 22, 2026 | Gabriel Kaighamdirector | Option | 3,974 | $50.78 |
| Jun 22, 2026 | Sweet Thomas Wdirector | Option | 3,974 | $50.78 |
| Jun 22, 2026 | EKHOLM BORJEdirector | Option | 3,974 | $50.78 |
| Jun 22, 2026 | Wibergh Johandirector | Option | 3,974 | $50.78 |
| Jun 22, 2026 | SPRAGUE KARA LYNNdirector | Option | 3,974 | $50.78 |
| Jun 22, 2026 | Wibergh Johandirector | Tax | 265 | $50.78 |
| Jun 22, 2026 | Lloyd Meaghandirector | Option | 3,974 | $50.78 |
| Jun 22, 2026 | Nersesian Ronald S.director | Option | 3,974 | $50.78 |
| May 28, 2026 | SPRAGUE KARA LYNNdirector | Grant | 4,725 | — |
| May 28, 2026 | EKHOLM BORJEdirector | Grant | 4,725 | — |
| May 28, 2026 | Lloyd Meaghandirector | Grant | 4,725 | — |
| May 28, 2026 | Gabriel Kaighamdirector | Grant | 4,725 | — |
| May 28, 2026 | Wibergh Johandirector | Grant | 4,725 | — |
| May 28, 2026 | Nersesian Ronald S.director | Grant | 4,725 | — |
| May 28, 2026 | Sweet Thomas Wdirector | Grant | 4,725 | — |
Source: TRMB SEC Form 4 filings, latest Jun 22, 2026. For informational purposes only — not investment advice.
See the full TRMB insider & 13F page →Trimble Inc. company profile
Overview
Trimble Inc. (NASDAQ:TRMB) is a technology company founded in 1978 and headquartered in Sunnyvale, California. Originally established as Trimble Navigation Limited, the company began as a pioneer in GPS technology and has evolved into a comprehensive provider of positioning, modeling, connectivity and data analytics solutions. Over its 46-year history, Trimble has transformed from a hardware-focused navigation company into a software-centric technology platform serving multiple industries including construction, agriculture, transportation, and geospatial applications. The company went public in 1990 and has grown through both organic development and strategic acquisitions to become a leading provider of technology solutions that connect the physical and digital worlds across various professional workflows.
Business
Trimble operates as a technology solutions provider that enables professionals and field workers to enhance their work processes through positioning, modeling, connectivity, and data analytics. The company's core business revolves around creating digital workflows that connect physical work environments with software platforms, essentially bridging the gap between real-world operations and digital management systems. The company operates through three primary business segments: **AECO (Architecture, Engineering, Construction, and Owner) - approximately 35% of revenue:** This segment provides comprehensive software and hardware solutions for the construction industry lifecycle. Key offerings include Trimble Construction One (TC1), a cloud-based platform that integrates project management, design, and field operations. The segment offers building information modeling (BIM) software, construction equipment guidance systems, project collaboration tools, and enterprise resource planning solutions. This division serves architects designing buildings, engineers planning infrastructure, construction companies executing projects, and building owners managing facilities. **Field Systems - approximately 25% of revenue:** This segment focuses on precision positioning and measurement solutions. It includes surveying equipment, geospatial products, geographic information systems (GIS), and positioning services. The division serves surveyors, mapping professionals, and various industries requiring precise location data. Products range from traditional surveying instruments to advanced reality capture services that create 3D digital representations of physical environments. **Transportation and Logistics - approximately 25% of revenue:** This segment provides fleet management, logistics optimization, and transportation management solutions. Key platforms include Transporeon, a cloud-based transportation management system acquired in 2022, and various mobility solutions for trucking, freight, and logistics companies. The segment helps optimize route planning, manage vehicle fleets, ensure regulatory compliance, and improve supply chain efficiency. **Resources and Utilities - approximately 15% of revenue:** This segment serves agriculture and utility industries with precision agriculture solutions, water management systems, and utility infrastructure management tools. In agriculture, Trimble provides GPS-guided farming equipment, variable-rate application systems, and farm management software that help optimize crop yields and reduce resource consumption.
Revenue model
Trimble generates revenue through multiple complementary business models, with an increasing focus on recurring revenue streams. The company has been strategically transforming from a traditional hardware manufacturer to a software-as-a-service provider. **Primary Revenue Streams:** **Software Subscriptions and Recurring Revenue:** Approximately two-thirds of Trimble's business now consists of Annualized Recurring Revenue (ARR), which reached $2.1 billion in 2024. This includes software-as-a-service subscriptions, maintenance contracts, and ongoing support services. Customers pay monthly or annual fees for access to cloud-based platforms like Trimble Construction One and Transporeon. **Hardware Sales:** Traditional product sales of positioning equipment, surveying instruments, construction guidance systems, and agricultural technology devices. While this represents a smaller portion of the business, hardware often serves as an entry point for long-term software relationships. **Professional Services:** Implementation, training, consulting, and support services that help customers optimize their use of Trimble's technology solutions. **Paying Customers:** Trimble serves business-to-business customers across multiple industries. Primary customer segments include construction contractors, engineering firms, surveying companies, agricultural producers, transportation and logistics companies, and government agencies. The company has shifted toward a named account selling model, focusing on larger enterprise customers while maintaining relationships with small and medium-sized businesses through dealer networks. **Margin Influencing Factors:** Positive margin drivers include the ongoing shift toward higher-margin software and services, successful cross-selling of integrated solutions, pricing power in mission-critical applications, and operational efficiency improvements from AI implementation. The company benefits from high switching costs once customers integrate Trimble's solutions into their workflows. Negative margin pressures include competitive dynamics in commoditized hardware markets, macroeconomic factors affecting construction and agriculture spending, currency fluctuations in international markets, and ongoing investments in research and development. Supply chain disruptions and component cost inflation can also impact hardware margins, while longer enterprise sales cycles may affect revenue timing.
Competitive moat
Trimble possesses a moderate but defensible competitive moat built on several interconnected advantages, though the strength varies across business segments. **Data Network Effects:** Trimble's strongest moat lies in its unique position connecting physical and digital worlds across multiple industries. The company accumulates vast amounts of location, project, and operational data that becomes more valuable as the network grows. This data enables AI-powered insights and workflow optimizations that would be difficult for competitors to replicate without similar scale and industry breadth. **High Switching Costs:** Once customers integrate Trimble's solutions into their core workflows, switching becomes costly and disruptive. Construction companies using Trimble Construction One for project management, or farmers relying on precision agriculture systems, face significant time and training investments that create customer stickiness. The company reports net retention rates above 100% across most business segments. **Industry Expertise and Relationships:** Trimble has built deep domain knowledge and long-standing relationships across specialized industries over decades. The company understands the specific workflows, regulatory requirements, and operational challenges in construction, surveying, agriculture, and transportation. This expertise creates barriers for generalist technology companies attempting to enter these markets. **Integration and Ecosystem Advantages:** Trimble's ability to provide end-to-end solutions across the project lifecycle creates competitive advantages. Rather than point solutions, customers can use integrated platforms that manage everything from initial design through construction execution to ongoing operations. **Competitive Vulnerabilities:** However, Trimble faces meaningful competitive threats. Large technology companies like Microsoft, Google, and Amazon have substantial resources and could potentially disrupt specific segments through cloud computing advantages. Original equipment manufacturers (OEMs) in construction and agriculture may develop competing technologies or bypass Trimble entirely. Open-source alternatives exist in some geospatial and surveying applications. The company also faces competition from specialized players in each vertical market who may offer more focused solutions. The moat strength is moderate - sufficient to generate reasonable returns and defend market position, but not impregnable against well-funded or innovative competitors.
Risks & safety
Trimble demonstrates a solid margin of safety with strong financial fundamentals, though some valuation metrics suggest limited upside at current prices. **Liquidity and Solvency:** - Strong cash position of $290 million with additional short-term investments - Positive free cash flow generation of $149 million in Q1 2025 - Current ratio of 0.84 indicates some working capital tightness but manageable given cash flow generation - Debt-to-equity ratio of 0.26 represents conservative leverage - No immediate solvency concerns with strong recurring revenue base providing predictable cash flows **Valuation Metrics:** - Price-to-earnings ratio of 51.5x appears elevated for current growth rates - EV/EBITDA of 38.1x suggests premium valuation - Price-to-book ratio of 2.5x reasonable for asset-light software business - Graham number of $11.72 significantly below current price of $70.54, indicating potential overvaluation using traditional value metrics **Other Considerations:** - High percentage of recurring revenue provides earnings stability and predictability - Strong free cash flow conversion supports dividend capacity and share buybacks - Geographic diversification reduces single-market risk - Technology obsolescence risk exists but mitigated by continuous R&D investment
Recent development
Over the past several years, Trimble has executed a comprehensive transformation strategy called "Connect and Scale" designed to shift the company from a hardware-centric to a software-centric business model. The strategy focuses on three key pillars: increasing recurring revenue, improving operational efficiency, and expanding market reach through integrated solutions. **Business Model Transformation:** The company has successfully increased its Annualized Recurring Revenue from $1.60 billion in 2022 to over $2.1 billion in 2024, representing approximately two-thirds of total business. This shift has improved gross margins from around 60% to nearly 65% and enhanced earnings predictability. **Strategic Acquisitions and Divestitures:** Trimble completed the major acquisition of Transporeon in 2022, a cloud-based transportation management platform that strengthened its logistics capabilities. More recently, the company divested its mobility business to Platform Science, allowing greater focus on core growth areas. Management has indicated openness to additional tuck-in acquisitions, particularly in construction software. **Platform Development:** The company has invested heavily in developing integrated platforms, most notably Trimble Construction One (TC1), which connects various construction workflows from design through project completion. This platform approach enables cross-selling opportunities and higher customer lifetime value. **AI and Technology Innovation:** Trimble has made significant investments in artificial intelligence capabilities, leveraging its unique data scale across industries. The company reports early success with AI-driven productivity improvements in software development and is exploring AI-powered workflow optimization for customers. **Organizational Restructuring:** The company simplified its organizational structure and moved to a named account selling model in key segments, focusing on larger enterprise customers while maintaining dealer relationships for smaller accounts. This approach has improved sales efficiency and deal sizes. **Capital Allocation Evolution:** Trimble has become more aggressive with capital returns, increasing its share buyback authorization to $1 billion and maintaining a focus on debt reduction to strengthen the balance sheet for future growth investments.
TRMB company profile · for informational purposes only — not investment advice.
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