ESE vs TRMB: ESCO Technologies and Trimble compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Trimble is the larger company, worth $14.3B, about 2.2 times ESCO Technologies.
- ESCO Technologies grew revenue faster over the last year (+14.4% vs +11.0%).
- Trimble keeps more of each dollar of revenue as operating profit (17.0% vs 14.2%).
- On earnings, Trimble is the cheaper stock (32.1x vs 49.9x).
- Trimble's price assumes faster free cash flow growth: about 14% a year, against 11% for ESCO Technologies (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | ESE | TRMB |
|---|---|---|
| Market cap | $6.6B | $14.3B |
| Share price | $257.83 | $60.09 |
| Revenue (last fiscal year) | $1.1B | $3.6B |
| Free cash flow (last fiscal year) | $206M | $361M |
| Revenue growth, last year | +14.4% | +11.0% |
| Revenue growth per year, last 5 fiscal years | +11.2% | -0.5% |
| Operating margin | 14.2% | 17.0% |
| Net margin | 24.4% | -2.8% |
| Return on equity | 19.5% | -2.0% |
| P/E (trailing) | 49.9x | 32.1x |
| Price / free cash flow | 34.6x | 107.2x |
| EV / EBITDA | 22.3x | 55.6x |
| FCF growth the price implies | 11.1% | 13.9% |
| Dividend yield | 0.13% | — |
| Debt / equity | 0.50x | 0.67x |
| Fundamental grade | C | D |
| Superinvestors holding it | 2 | 3 |
| Insider purchases, last 12 months | 0 | 6 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
ESCO Technologies
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $715M | $96M | 11.3% |
| 2022 | $858M | $103M | 12.4% |
| 2023 | $856M | $57M | 13.9% |
| 2024 | $919M | $99M | 15.9% |
| 2025 | $1.1B | $206M | 15.6% |
Trimble
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $3.7B | $704M | 15.3% |
| 2022 | $3.7B | $348M | 13.9% |
| 2023 | $3.8B | $555M | 11.8% |
| 2024 | $3.7B | $498M | 12.5% |
| 2025 | $3.6B | $361M | 16.5% |
Where the revenue comes from
ESCO Technologies · by segments, 2025
Aerospace & Defense$478M44%
USG$380M35%
Test$237M22%
Trimble · by segments, 2025
Field Systems$1.5B43%
AECO$1.5B42%
T&L$549M15%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open ESE in InvestinglyQuestions
Which is bigger, ESCO Technologies or Trimble?
Trimble (TRMB), at $14.3B against $6.6B.
Is ESE or TRMB cheaper?
By trailing P/E, Trimble (32.1x) is cheaper than ESCO Technologies (49.9x). A lower multiple can also mean the market expects less growth.
Which grows faster, ESE or TRMB?
ESCO Technologies: revenue grew +14.4% over the last year, against +11.0%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.