Trimble (TRMB) financial statements

Technology · Scientific & Technical Instruments · Market cap $14.3B

Trimble reported revenue of $3.6B in fiscal 2025, up 4.8% a year over 9 years.

Net income was $424M and the operating margin 16.5%, against 7.6% in 2016.

Free cash flow was $361M, and the company returned $863M in net buybacks.

The diluted share count fell 5% over the period (buybacks).

Revenue and free cash flow

Fiscal years, $ billions.

012342016201720182019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, from Trimble's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Revenue$2.4B$2.6B$3.1B$3.3B$3.1B$3.7B$3.7B$3.8B$3.7B$3.6B
Cost of revenue$1.1B$1.3B$1.4B$1.5B$1.4B$1.6B$1.6B$1.5B$1.3B$1.1B
Gross profit$1.2B$1.4B$1.7B$1.8B$1.8B$2.0B$2.1B$2.3B$2.4B$2.5B
Research and development$350M$370M$446M$470M$476M$537M$542M$664M$662M$631M
Selling, general and admin$631M$702M$830M$835M$768M$876M$976M$1.1B$1.2B$1.1B
Operating income$180M$236M$321M$376M$420M$561M$511M$449M$461M$592M
Interest expense———————$161M$91M$74M
Pre-tax income$176M$248M$278M$345M$395M$575M$569M$357M$2.0B$509M
Income tax$44M$130M-$5M-$170M$4M$82M$119M$46M$502M$85M
Net income$132M$118M$283M$514M$390M$493M$450M$311M$1.5B$424M
EPS (diluted)$0.52$0.46$1.12$2.03$1.55$1.94$1.80$1.25$6.09$1.76
Diluted shares254M257M253M253M252M254M250M249M247M242M
Gross margin52.3%52.1%54.1%54.6%55.8%55.6%57.3%61.4%65.1%69.1%
Operating margin7.6%8.9%10.3%11.5%13.3%15.3%13.9%11.8%12.5%16.5%
Net margin5.6%4.5%9.1%15.8%12.4%13.5%12.2%8.2%40.8%11.8%

Balance sheet

Fiscal years, from Trimble's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Cash and short-term investments$327M$537M$172M$189M$238M$326M$271M$230M$739M$253M
Receivables$366M$428M$513M$608M$620M$625M$643M$707M$726M$856M
Inventory$213M$265M$298M$312M$302M$363M$402M$236M$194M$186M
Total current assets$979M$1.3B$1.1B$1.2B$1.3B$1.5B$1.5B$1.8B$2.3B$1.6B
Property, plant and equipment$144M$174M$213M$241M$252M$233M$219M$202M$188M$183M
Goodwill$2.1B$2.3B$3.5B$3.7B$3.9B$4.0B$4.1B$5.4B$5.0B$5.2B
Total assets$3.7B$4.3B$5.8B$6.6B$6.9B$7.1B$7.3B$9.5B$9.5B$9.3B
Total current liabilities$688M$773M$1.1B$1.2B$1.3B$1.2B$1.5B$1.8B$1.8B$1.5B
Long-term debt$490M$786M$1.7B$1.6B$1.3B$1.3B$1.2B$2.5B$1.4B$1.4B
Total liabilities$1.4B$1.9B$3.1B$3.5B$3.3B$3.2B$3.2B$5.0B$3.7B$3.5B
Shareholders' equity$2.3B$2.4B$2.7B$3.1B$3.6B$3.9B$4.1B$4.5B$5.7B$5.8B
Net debt$404M$555M$1.8B$1.7B$1.3B$968M$1.2B$2.8B$652M$1.1B

Cash flow

Fiscal years, from Trimble's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Operating cash flow$431M$430M$487M$585M$672M$750M$391M$597M$531M$386M
Capital spending$26M$44M$68M$69M$57M$46M$43M$42M$34M$25M
Free cash flow$405M$386M$419M$516M$615M$704M$348M$555M$498M$361M
Stock-based compensation$53M$65M$77M$75M$83M$123M$120M$145M$159M$146M
Share buybacks (net)-$120M-$285M-$93M-$180M-$82M-$180M-$395M-$100M-$175M-$863M
Net borrowing-$110M$291M$1.1B-$128M-$312M-$251M$225M-$2.3B-$2.2B-$577M
Free cash flow margin17.1%14.6%13.5%15.8%19.5%19.3%9.5%14.6%13.5%10.1%
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Questions

What was Trimble's revenue in 2025?

$3.6B in fiscal 2025, from its 10-K filing.

How much free cash flow does Trimble generate?

$361M in fiscal 2025 (operating cash flow minus capital spending).

From Trimble's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.