Latest revenue
$939.9M
as of 2026-04-03
Latest net income
$98.9M
as of 2026-04-03
Net margin
10.5%
as of 2026-04-03
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $13.13B
- Enterprise value
- $14.66B
- P/E (trailing)
- 31.0×
- Forward P/E
- —
- P/B
- 2.27×
- Dividend yield
- 0.0%
- 52-wk high
- $87.50
- 52-wk low
- $52.80
- Beta
- —
- Shares out
- 233.1M
5-year trend
What this company does
Trimble sells positioning, modeling, and workflow technology—GPS hardware, software, and cloud subscriptions—to construction, geospatial, and transportation customers. Subscription and services now generate roughly two-thirds of revenue ($1.75B of $2.62B year-to-date), with hardware product sales providing the rest. Following the 2024 sale of its agriculture business, Trimble has pivoted toward a software-led model, deploying cash into aggressive buybacks ($732M repurchased year-to-date) while growing recurring revenue and margins.
Generated from TRMB's filing dated 2026-02-25
Key risks
- Cash dropped from $738.8M to $232.7M after $727.4M of buybacks YTD, while $1.39B long-term debt remains and operating cash flow halved to $226M.
- Goodwill and intangibles total $6.2B, ~69% of assets ($9.0B), creating significant impairment risk if acquired businesses underperform.
- Product revenue fell 13% YTD ($995M to $867M); growth depends on subscription mix shift, with deferred revenue also declining $61.6M.
Generated from TRMB's filing dated 2026-02-25
Profitability
Gross margin
69.1%
6.2%Operating margin
16.5%
31.9%Net margin
11.8%
71.1%Return on equity
7.3%
72.3%Return on assets
4.6%
71.3%Leverage
Debt / equity
0.60×
8.6%Long-term debt / equity
0.24×
1.4%Debt / assets
37.3%
5.4%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q2 2026 2026-04-03 | $939.9M | +11.8% | $98.9M | +48.3% | 10.5% |
Q1 2026 2026-01-02 | $969.8M | -1.4% | $156.6M | +73.6% | 16.1% |
Q4 2025 2025-10-03 | $901.2M | +2.9% | $111.5M | +174.6% | 12.4% |
Q3 2025 2025-07-04 | $875.7M | +0.6% | $89.2M | -93.2% | 10.2% |
Q2 2025 2025-04-04 | $840.6M | -11.8% | $66.7M | +16.6% | 7.9% |
Q1 2025 2025-01-03 | $983.4M | — | $90.2M | — | 9.2% |
Q3 2024 2024-09-27 | $875.8M | -8.5% | $40.6M | -45.8% | 4.6% |
Q2 2024 2024-06-28 | $870.8M | -12.4% | $1.32B | +2851.6% | 151.2% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Measuring & Controlling Devices, NEC · SIC 3829
Your notes
Keep private notes on TRMB — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$28.6M
Net activity
−$28.6M
Distinct insiders
9
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value | |
|---|---|---|---|---|---|---|
| 2026-04-16 | Mark David Schwartz Senior VP, AECO | Sale | 8,442 | $67.01 | $565.7K | |
| 2026-04-16 | Mark David Schwartz Senior VP, AECO | Sale | 8,283 | $67.01 | $555.0K |
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns TRMB
Institutional value
$7.61B
Total shares held
119.4M
Distinct holders
530
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 19.5M | $1.27B | — | New |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 15.3M | $1.00B | — | New |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 12.5M | $812.5M | — | New |
| 4 | Invesco Ltd. | 4.9M | $320.7M | — | New |
| 5 | KING LUTHER CAPITAL MANAGEMENT CORP | 4.0M | $263.2M | — | New |
| 6 | PRIMECAP MANAGEMENT CO/CA/ | 3.9M | $255.6M | — | New |
| 7 | Sumitomo Mitsui Trust Group, Inc. | 3.8M | $245.0M | — | New |
| 8 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 3.4M | $219.9M | — | New |
| 9 | Boston Partners | 2.8M | $180.8M | — | New |
| 10 | DIMENSIONAL FUND ADVISORS LP | 2.4M | $156.2M | — | New |
| 11 | Legal & General Group Plc | 2.3M | $147.4M | — | New |
| 12 | DEUTSCHE BANK AG\ | 1.9M | $123.3M | — | New |
| 13 | HSBC HOLDINGS PLC | 1.9M | $122.6M | — | New |
| 14 | SATURNA CAPITAL CORP | 1.7M | $109.8M | — | New |
| 15 | VANGUARD FIDUCIARY TRUST CO | 1.3M | $87.1M | — | New |
| 16 | ARK Investment Management LLC | 1.2M | $81.4M | — | New |
| 17 | Bank of New York Mellon Corp | 1.2M | $79.1M | — | New |
| 18 | Nuveen, LLC | 1.2M | $76.5M | — | New |
| 19 | UBS Group AG | 1.1M | $74.4M | — | New |
| 20 | JPMORGAN CHASE & CO | 1.2M | $72.9M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Operating cash flow dropped to $226M from $416M YTD—how much of the $311M income-tax payable drawdown is non-recurring versus structural working capital deterioration?
- 2
You spent $732M on buybacks while cash fell to $233M and debt stayed at $1.39B—why prioritize repurchases over deleveraging at these rates?
- 3
Product revenue declined 13% YTD to $867M while subscription grew only 2.7%—is hardware secularly impaired post-Ag divestiture, or cyclical?
Refreshed when TRMB files a new report · last from 2026-02-25