Trimble (TRMB) AI Stock Analysis

• Market Cap: $19.24B
• Dividend Yield: N/A
• Average Volume (3M): 1.26M
• Price to Earnings (P/E): 55.0
• Beta (1Y): 1.38
• Revenue Growth: -0.86%
• EPS Growth: -75.37%
• Country: US
• Employees: 12,100
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.81
• Shares Outstanding: 237,920,960
• 10 Day Avg. Volume: 1,436,079
• 30 Day Avg. Volume: 1,260,088
• PEG Ratio: 0.03
• Price to Book (P/B): 3.02
• Price to Sales (P/S): 4.70
• P/FCF Ratio: 34.80
• Enterprise Value/Market Cap: 1.07
• Enterprise Value/Revenue: 5.71
• Enterprise Value/Gross Profit: 8.45
• Enterprise Value/Ebitda: 29.64
• 1Y Price Target: $98.50
• Price Target Upside: 21.79% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): 3.09
• Revenue Forecast (FY): $3.57B

• Rating: 74 Outperform
• Price Target: $92.00 ▲(13.75% Upside)

Trimble's strong earnings call performance and strategic initiatives in AI and technology integration are significant positives, contributing to revenue and ARR growth. The company's financial stability is supported by a solid balance sheet and effective cash management. However, high valuation metrics and challenges in maintaining profitability margins temper the overall score. The recent corporate events, including a stock buyback program, further enhance shareholder value.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust market demand and effective sales strategies, supporting long-term business expansion.

AI and Technology Integration

AI integration enhances operational efficiency and product innovation, strengthening Trimble's competitive edge in technology-driven markets.

Recurring Revenue Model

A high percentage of recurring revenue ensures stable cash flows and customer retention, enhancing financial predictability and resilience.

Negative Factors

Declining Profit Margins

Decreasing profit margins suggest rising costs or pricing pressures, which could impact long-term profitability and financial health.

Challenged Freight Market

Persistent challenges in the freight market may limit growth opportunities in the transportation segment, affecting overall revenue potential.

Reduced Return on Equity

A significant drop in return on equity indicates reduced profitability for shareholders, potentially impacting investor confidence and capital allocation.

Trimble Business Overview & Revenue Model

Company Description

Trimble Inc. is a technology company that specializes in providing advanced positioning solutions, software, and services for various industries, including construction, agriculture, transportation, and geospatial. Headquartered in Sunnyvale, California, Trimble integrates hardware, software, and services to enhance productivity, efficiency, and safety in the management of projects and resources. Its core products include GPS systems, surveying equipment, and software solutions that facilitate project management and data analytics.

How the Company Makes Money

Trimble generates revenue through multiple channels, primarily by selling its hardware products, software licenses, and subscription-based services. Key revenue streams include the sale of advanced positioning systems, surveying instruments, and software solutions tailored for industries such as construction and agriculture. The company also offers maintenance and support services for its products, contributing to recurring revenue. Additionally, Trimble has established significant partnerships with various industry leaders, enhancing its market reach and offering integrated solutions that drive customer engagement and retention. Factors such as ongoing advancements in technology and growing demand for automation in various sectors also play a crucial role in bolstering its earnings.

Trimble Financial Statement Overview

Summary

Trimble demonstrates strong revenue growth and efficient cost management, as seen in its income statement. However, declining profitability margins and return on equity are concerns. The balance sheet reflects low leverage, providing financial stability, while cash flow metrics indicate effective cash management. Overall, Trimble is in a stable financial position but faces challenges in maintaining profitability.

Income Statement

Trimble's income statement shows a strong gross profit margin of 68.34% for TTM, indicating efficient cost management. However, the net profit margin has decreased to 9.93% from 40.84% in the previous annual report, reflecting a significant drop in profitability. Revenue growth is positive at 71% TTM, showcasing robust sales growth. The EBIT margin is stable at 13.65%, but the EBITDA margin has decreased to 19.41%, suggesting increased operational expenses.

Balance Sheet

The balance sheet reveals a healthy debt-to-equity ratio of 0.24 TTM, indicating low financial leverage. Return on equity has decreased to 6.32% TTM from 26.18% in the previous annual report, pointing to reduced profitability for shareholders. The equity ratio is stable, reflecting a solid capital structure.

Cash Flow

Trimble's cash flow statement shows a free cash flow growth of 9.79% TTM, indicating improved cash generation. The operating cash flow to net income ratio is 0.27, suggesting moderate cash conversion efficiency. The free cash flow to net income ratio is strong at 0.92, highlighting effective cash management relative to earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.60B	3.68B	3.80B	3.68B	3.66B	3.15B
Gross Profit	2.43B	2.40B	2.33B	2.11B	2.03B	1.75B
EBITDA	693.70M	2.33B	768.60M	747.40M	819.90M	692.90M
Net Income	357.60M	1.50B	311.30M	449.70M	492.80M	389.90M
Balance Sheet
Total Assets	9.02B	9.49B	9.54B	7.27B	7.10B	6.88B
Cash, Cash Equivalents and Short-Term Investments	232.70M	738.80M	229.80M	271.00M	325.70M	237.70M
Total Debt	1.39B	1.51B	3.19B	1.63B	1.41B	1.66B
Total Liabilities	3.23B	3.74B	5.04B	3.22B	3.15B	3.28B
Stockholders Equity	5.79B	5.75B	4.50B	4.05B	3.94B	3.60B
Cash Flow
Free Cash Flow	315.20M	497.80M	555.10M	348.00M	704.40M	615.20M
Operating Cash Flow	341.00M	531.40M	597.10M	391.20M	750.50M	672.00M
Investing Cash Flow	-35.00M	1.86B	-2.07B	-226.30M	-203.50M	-231.80M
Financing Cash Flow	-1.13B	-1.86B	1.43B	-199.00M	-447.70M	-400.30M

Trimble Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 80.88
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TRMB, the sentiment is Positive. The current price of 80.88 is below the 20-day moving average (MA) of 81.07, above the 50-day MA of 79.58, and above the 200-day MA of 75.47, indicating a neutral trend. The MACD of 0.24 indicates Positive momentum. The RSI at 51.69 is Neutral, neither overbought nor oversold. The STOCH value of 27.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TRMB.

Trimble Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KEYS	77 Outperform	$34.79B	41.45	15.82%	―	7.95%	39.54%
TRMB	74 Outperform	$19.24B	55.01	6.13%	―	-0.86%	-75.37%
FLEX	74 Outperform	$23.76B	28.35	17.45%	―	0.77%	0.51%
JBL	73 Outperform	$24.21B	35.24	47.87%	0.14%	13.18%	-38.37%
FTV	72 Outperform	$17.44B	31.35	7.79%	0.44%	-8.96%	-30.29%
TDY	71 Outperform	$23.95B	29.55	8.11%	―	7.41%	-12.85%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Trimble Corporate Events

Trimble Announces New Credit Agreement and Stock Buyback

On December 4, 2025, Trimble Inc. entered into a new Credit Agreement with Bank of America, replacing its prior agreement from March 2022, with an unsecured revolving loan facility of $1.25 billion, although no loans were outstanding at the time. Additionally, on December 3, 2025, Trimble’s Board authorized a new stock repurchase program of up to $1 billion, replacing the previous authorization, allowing the company to repurchase shares through various means without a set expiration date.