Trimble (TRMB) AI Stock Analysis

• Market Cap: $14.83B
• Dividend Yield: N/A
• Average Volume (3M): 1.62M
• Price to Earnings (P/E): 10.2
• Beta (1Y): 1.25
• Revenue Growth: -3.04%
• EPS Growth: 388.42%
• Country: US
• Employees: 12,100
• Sector: Technology
• Sector Strength: 65
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 6.10
• Shares Outstanding: 238,583,480
• 10 Day Avg. Volume: 1,143,050
• 30 Day Avg. Volume: 1,616,387
• PEG Ratio: 0.03
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.24
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 7.34
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $87.67
• Price Target Upside: 40.18% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

Trimble's stock receives a score of 67, reflecting strong financial health and positive earnings call highlights. The robust profit margins and strategic growth initiatives are significant strengths. However, technical analysis indicates negative momentum, and valuation, although attractive in terms of P/E, is limited by the lack of dividends. Accounting delays and geographic performance variability pose additional risks.

Positive Factors

Business Strategy

Trimble has exited the non-core ag and transportation telematics businesses, which transforms TRMB into a majority construction tech business - software/services are 75% of sales and the mix shift has driven gross margins from 58% to 70%.

Financial Performance

TRMB's impressive margin beat contributed to its strong stock movement, indicating a positive market reaction.

Growth Potential

Trimble Inc. is well-positioned in key markets transitioning to digitization, supporting future revenue growth.

Negative Factors

Market Risks

The business faces risks from the ongoing re-audit process and potential shortfalls in organic growth and operating leverage.

Operational Challenges

Ongoing challenges include churn in the Mobility business and margin headwinds from selling Agriculture assets.

Trimble Business Overview & Revenue Model

Company Description

Trimble Inc. provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades. Its Geospatial segment provides surveying and geospatial products, and geographic information systems. The company's Resources and Utilities segment offers precision agriculture products and services, such as guidance and positioning systems, including autonomous steering systems, automated and variable-rate application and technology systems, and information management solutions; manual and automated navigation guidance for tractors and other farm equipment; solutions to automate application of pesticide and seeding; water solutions; and agricultural software. Its Transportation segment offers solutions for long haul trucking and freight shipper markets; mobility solutions comprising route management, safety and compliance, end-to-end vehicle management, video intelligence, and supply chain communications; and fleet and transportation management systems, analytics, routing, mapping, reporting, and predictive modeling solutions. The company was formerly known as Trimble Navigation Limited and changed its name to Trimble Inc. in October 2016. Trimble Inc. was founded in 1978 and is headquartered in Sunnyvale, California.

How the Company Makes Money

Trimble makes money through the sale of its hardware and software products, as well as from recurring revenue streams such as subscription services and software maintenance contracts. The company’s revenue model is diversified across different sectors, with significant contributions from construction and agriculture. Trimble sells its products directly to customers and through a network of dealers and distributors. Additionally, strategic partnerships with other technology providers and integration of its solutions into broader enterprise systems play a crucial role in expanding its market reach and enhancing its product offerings, thereby contributing to its earnings.

Trimble Financial Statement Overview

Summary

Trimble's financial performance is robust, with strong profit margins and improved leverage. Despite moderate revenue growth and some asset efficiency concerns, the company maintains a healthy balance sheet and good cash generation.

Income Statement

Trimble's income statement shows a robust performance with a consistent increase in gross profit margin and net profit margin over recent years. The gross profit margin improved from 55.8% in 2021 to 67.7% in 2025, and net profit margin significantly rose from 8.7% in 2023 to 40.8% in 2025, indicating strong cost management and profitability. However, revenue growth has been moderate, with some fluctuations. EBIT and EBITDA margins remain stable, suggesting consistent operating efficiency.

Balance Sheet

The balance sheet reflects a solid equity position with an increasing stockholders' equity, enhancing financial stability. The debt-to-equity ratio decreased from 0.71 in 2023 to 0.26 in 2025, indicating reduced leverage. Return on Equity (ROE) improved significantly from 6.9% in 2023 to 26.2% in 2025, reflecting strong profitability relative to equity. However, the equity ratio slightly decreased, suggesting a need to monitor asset management efficiency.

Cash Flow

Trimble's cash flow statement shows a positive trajectory, with operating cash flow exceeding net income, indicating strong cash generation. The operating cash flow to net income ratio was 0.35 in 2025, and free cash flow remained positive, demonstrating good cash management. However, the free cash flow growth rate was negative due to fluctuations in capital expenditures, suggesting potential volatility in future cash flows.

Breakdown
Mar 2025	Dec 2023	Dec 2022	Dec 2021	Mar 2021
Income Statement		Total Revenue
3.68B	3.80B	3.68B	3.66B	3.15B
	Gross Profit
2.49B	2.23B	2.11B	2.03B	1.75B
	EBIT
460.70M	494.40M	510.90M	561.00M	419.80M
	EBITDA
712.20M	768.60M	747.40M	845.80M	692.90M
	Net Income Common Stockholders
1.50B	311.30M	449.70M	492.80M	389.90M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
738.80M	229.80M	271.00M	325.70M	237.70M
	Total Assets
9.49B	9.54B	7.27B	7.10B	6.88B
	Total Debt
1.51B	3.22B	1.63B	1.41B	1.66B
	Net Debt
775.20M	2.99B	1.35B	1.09B	1.42B
	Total Liabilities
3.74B	5.04B	3.22B	3.15B	3.28B
	Stockholders Equity
5.75B	4.50B	4.05B	3.94B	3.60B
Cash Flow		Free Cash Flow
497.80M	555.10M	348.00M	704.40M	615.20M
	Operating Cash Flow
531.40M	597.10M	391.20M	750.50M	672.00M
	Investing Cash Flow
1.86B	-2.07B	-226.30M	-203.50M	-231.80M
	Financing Cash Flow
-1.86B	1.43B	-199.00M	-447.70M	-400.30M

Trimble Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 62.54
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TRMB, the sentiment is Negative. The current price of 62.54 is above the 20-day moving average (MA) of 59.32, below the 50-day MA of 65.28, and below the 200-day MA of 64.98, indicating a neutral trend. The MACD of -0.97 indicates Negative momentum. The RSI at 51.55 is Neutral, neither overbought nor oversold. The STOCH value of 91.90 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TRMB.

Trimble Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BSY	80 Outperform	$13.01B	59.39	24.39%	0.58%	10.15%	-28.62%
UMC	79 Outperform	$17.92B	12.71	11.65%	4.97%	2.22%	-22.39%
NTAP	70 Outperform	$18.52B	16.61	114.33%	2.29%	5.46%	23.49%
ON	68 Neutral	$16.71B	10.90	18.97%	―	-14.19%	-27.42%
TRMB	67 Neutral	$14.83B	10.18	29.37%	―	-3.04%	388.42%
STM	66 Neutral	$20.09B	19.35	6.33%	1.35%	-25.35%	-70.00%
Sector *	59 Neutral	$10.75B	10.37	-6.64%	3.00%	7.30%	-12.02%

Trimble Corporate Events

Trimble Receives Nasdaq Deficiency Notice for 10-K Delay

Trimble Inc. announced that it received a deficiency notice from Nasdaq due to a delay in filing its 2024 Form 10-K, which is required for compliance with Nasdaq Listing Rule 5250(c)(1). The notice does not immediately affect the trading of Trimble’s stock, and the company has 60 days to submit a compliance plan. The delay was attributed to the time needed to amend the 2023 Form 10-K and file quarterly reports for 2024. Trimble expects no discrepancies in its financial results and aims to file the 2024 Form 10-K promptly.