TRMB
TRIMBLE INC.
Next earnings Aug 4, 2026 · consensus $0.82 EPS, $971M rev
Last earnings -7.2% on 2026-05-06
$53.04
▲ +4.47%$53.04▼ -29.89%
over 1Y
L $48.87H $85.24
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+4.5%
1W+5.6%
1M-8.1%
3M-18.6%
YTD-32.3%
1Y-29.9%
Hold
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 21 analysts
Strong Buy
Trimble's software pivot is lifting margins (gross 69.1%, op income +28.5%) but headline EPS fell on lost divestiture gains; full at 27.9x.
Operating income $592M · FY2026
The read
Middling fundamentals and a rich price (~75% above fair value) leave little margin of safety — a wait-and-see.
Trimble is reshaping itself from a hardware-centric positioning/geospatial company into a higher-margin, recurring-software business, and the operating numbers show the transition working. FY2026 gross margin expanded to 69.1% and operating income rose 28.5% to $592M even as revenue slipped 2.6% to $3.59B — a classic mix-shift signature where lower-margin hardware/divested lines fall away and software/SaaS lifts profitability. Operating margin improved to 16.5%.
The headline that looks alarming is net income falling 71.8% to $424M and EPS dropping 71.1% to $1.76, but that compares against a FY2025 net income of $1.50B that was clearly inflated by one-time divestiture/portfolio gains (FY2021-FY2023 net income ran $311M-$493M). On an operating basis the business is healthier, not weaker. The balance sheet is sound — liabilities/equity of just 0.60x, long-term debt flat at $1.39B — and management returned aggressively to shareholders with $863M of buybacks (+393.4%), which drained cash to $253M (-65.7%) and shrank the share count 2.0%.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:48 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Is TRMB a buy? The one-page verdict, explained →
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $3.66B | $3.68B | $3.80B | $3.68B | $3.59B |
| Gross profit | $2.03B | $2.11B | $2.33B | $2.40B | $2.48B |
| Operating income | $561M | $511M | $449M | $461M | $592M |
| Net income | $493M | $450M | $311M | $1.50B | $424M |
| Diluted EPS | $1.94 | $1.80 | $1.25 | $6.09 | $1.76 |
| Net margin | 13.5% | 12.2% | 8.2% | 40.8% | 11.8% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$13.5B
EV / EBITDA17.1
EV / Sales3.8
EV / FCF37.4
P / FCF34.3
PEG (trailing)—
Earnings yield3.4%
FCF yield2.9%
Quality & risk
ROIC (est.)6.5%
Free cash flow$361M
Total debt$1.39B
Net cash-$1.14B
Altman Z-Score3.26 safe
Piotroski F-Score4/9
Capital returns
Buyback yield7.0%
Dividend yield (est.)—
Shareholder yield7.0%
Shares Δ YoY-2.0%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRed flag in recent filings — agreement terminated (2025-12-05). Worth a closer look.
Recent filings
all on EDGAR ↗4Period ending 2026-06-172026-06-22open ↗4Period ending 2026-06-172026-06-22open ↗4Period ending 2026-06-172026-06-22open ↗4Period ending 2026-06-172026-06-22open ↗4Period ending 2026-06-172026-06-22open ↗4Period ending 2026-06-172026-06-22open ↗4Period ending 2026-06-172026-06-22open ↗4Period ending 2026-05-262026-05-28open ↗4Period ending 2026-05-262026-05-28open ↗4Period ending 2026-05-262026-05-28open ↗4Period ending 2026-05-262026-05-28open ↗4Period ending 2026-05-262026-05-28open ↗
Frequently asked
- Is TRIMBLE INC. (TRMB) a buy?
- TRMB currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Trimble's software pivot is lifting margins (gross 69.1%, op income +28.5%) but headline EPS fell on lost divestiture gains; full at 27.9x.
- What is TRMB's fair value?
- A Modified-Graham model based on TRMB's SEC fundamentals estimates a fair value of about $13.46. It is an estimate from reported earnings, not a price target.
- Is TRMB overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, TRMB currently appears overvalued relative to its SEC-grounded earnings power.
- What is TRIMBLE INC.'s quality score?
- TRMB scores 55.15788181137961/100 (grade C) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000864749, latest 10-Q filed 2026-05-06) · EODHD · Proprietary analysis · as of 6/21/2026, 8:48:55 PM.
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