Trimble Inc.
Financial Performance
Trimble Revenue & Financials
Revenue
$3.6B (FY2025)
Market Cap
$13.8B
Net Income
$424M
Employees
11,500
What is Trimble's revenue?
Trimble had $3.6B in revenue for fiscal year 2025, down 2.6% from 2024. Net income was $424M.
- Latest revenue
- $3.6B (FY2025)
- Year-over-year
- -2.6%
- Growth rate (CAGR)
- 4.8% over 9 years
- Peak revenue
- $3.8B (FY2023)
- Years of data
- 10
- Employees
- 11,500
Financial Analysis
Trimble reported FY2025 revenue of $3.587 billion (down 2.6% as reported because of the Mobility and agriculture divestitures, up about 10% on an organic basis per management) and GAAP net income of $424 million. ARR ended 2025 at $2.39 billion, up 14% organically. In Q2 2026, revenue rose 11% to $972.0 million and ARR reached $2.509 billion, but a $562.0 million goodwill impairment in the Transportation & Logistics segment produced a GAAP net loss of $471.7 million; non-GAAP net income was $200.3 million. Management raised FY2026 revenue guidance to $3.90-$3.95 billion and the board approved a new $1.0 billion share repurchase authorization.
Revenue Trend Analysis
YoY Change
-2.6%
9-Year CAGR
+4.8%
Peak Year
2023
Trend
Mostly Growing
Trimble Inc. has 10 full fiscal year figures on this page, compounding at +4.8% annually over 9 years. The most recent year saw a 2.6% decline versus the prior year. Annual revenue peaked in fiscal year 2023 at $3.8B. Of 9 comparable year-over-year steps, 6 showed growth and 3 showed a decline.
Annual revenue history
Click any row to see year details.
Trimble Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Jan 2, 2026 | $386.2M | $25.3M | $9.3B | $3.5B | $5.8B | $360.9M | Form 10-K |
| FY2024ended Jan 3, 2025 | $531.4M | $33.6M | $9.5B | $3.7B | $5.7B | $497.8M | Form 10-K |
| FY2023ended Dec 29, 2023 | $597.1M | $42M | $9.5B | $5B | $4.5B | $555.1M | Form 10-K |
| FY2022ended Dec 30, 2022 | $391.2M | $43.2M | $7.3B | $3.2B | $4.1B | $348M | Form 10-K |
| FY2021ended Dec 31, 2021 | $750.5M | $46.1M | $7.1B | $3.2B | $3.9B | $704.4M | Form 10-K |
| FY2020ended Jan 1, 2021 | $672M | $56.8M | $6.9B | $3.3B | $3.6B | $615.2M | Form 10-K |
| FY2019ended Jan 3, 2020 | $585M | $69M | $6.6B | $3.5B | $3.1B | $516M | Form 10-K |
| FY2018ended Dec 28, 2018 | $486.7M | $67.6M | $5.8B | $3.1B | $2.7B | $419.1M | Form 10-K |
| FY2017ended Dec 29, 2017 | $429.7M | $43.7M | $4.3B | $1.9B | $2.4B | $386M | Form 10-K |
| FY2016ended Dec 30, 2016 | — | $26M | $3.7B | $1.4B | $2.3B | — | Form 10-K |
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Trimble Revenue and Financial FAQ
What were Trimble's total revenues and net income for FY2025?
Trimble generated $3.587 billion in revenue in FY2025 (reflecting ~10% organic growth, offset by the divestiture of its agriculture and mobility assets) and GAAP net income of $424 million.
What was Trimble's Annualized Recurring Revenue (ARR) run rate in mid-2026?
Trimble's ARR reached a record $2.509 billion at the end of Q2 2026, representing 12% year-over-year organic growth driven by cloud migrations across AECO and Field Systems software.
How did the Transporeon goodwill impairment affect Trimble's 2026 GAAP financials?
In Q2 2026, persistent macroeconomic headwinds in European freight transportation triggered a non-cash goodwill and intangible impairment charge of $562.0 million in the Transportation & Logistics segment, producing a temporary GAAP quarterly loss while non-GAAP operating income remained solid.
How did Trimble use the $2.0 billion cash proceeds from the AGCO transaction?
Trimble used the proceeds from the PTx Trimble agricultural transaction to pay down term loans and credit facilities, aggressively deleveraging its balance sheet and funding a $1.0 billion share repurchase program.
What is Trimble's non-GAAP gross margin profile?
Driven by the higher mix of recurring SaaS and subscription software, Trimble's non-GAAP gross margin has expanded into the 64–66% range, tracking higher as hardware sales represent a smaller share of overall mix.
What is Trimble's annual free cash flow generation and conversion rate?
Trimble typically converts approximately 100% of non-GAAP net income into free cash flow, generating between $500 million and $700 million in annual free cash flow to support reinvestment and capital returns.
How much does Trimble spend annually on research and development (R&D)?
Trimble invests approximately 14–15% of annual revenues (roughly $500 million) in R&D, prioritizing AI-assisted contract review, automated machine guidance algorithms, cloud interoperability, and GNSS sensor miniaturization.
What is Trimble's full-year FY2026 revenue guidance range?
For FY2026, Trimble management guided revenues to a range of $3.90 billion to $3.95 billion, with non-GAAP diluted earnings per share targeted between $3.60 and $3.70.
What is Trimble's capital allocation strategy regarding dividends and buybacks?
Trimble does not pay a regular cash dividend. Instead, it directs excess capital toward disciplined share repurchases, with the Board authorizing a $1.0 billion buyback program in 2026 to retire shares.
What is Trimble's debt profile and leverage ratio following debt paydown?
Following the application of the AGCO transaction cash proceeds, Trimble reduced its net debt-to-EBITDA leverage ratio below 2.0x, returning its balance sheet to a conservative investment-grade structure.
Which business segment generates the largest portion of Trimble's operating profit?
The AECO (Architecture, Engineering, Construction, and Owners) segment is Trimble's largest and most profitable division, delivering non-GAAP operating margins frequently exceeding 30%.
What percentage of Trimble's revenue is derived from recurring software versus hardware?
Recurring software subscriptions and services now represent approximately 65–70% of total revenue, up from less than 30% a decade ago, significantly stabilizing cash flows against industrial downcycles.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Trimble Revenue & Financials." CorpDigest, https://corpdigest.com/company/trimble/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Trimble reported $3.6B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/trimble/financials" target="_blank" rel="noopener">CorpDigest — Trimble financials</a></div>Related Financial Audits
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