Trimble Inc. Revenue in 2025

Trimble Inc. reported $3.6B in revenue for fiscal year 2025. This represents a decline of 2.4% compared to the 2024 figure of $3.7B.

The most important financial number at Trimble is not the $3.59 billion in total fiscal 2025 revenue but the $1.11 billion in total segment operating income, which produces a blended segment operating margin of approximately 31% — a profitability level that traditional industrial hardware companies do not reach. That margin reflects the software and subscription content in the revenue mix rather than hardware sales, which carry lower margins regardless of how specialized the hardware is. Revenue has been essentially flat: $3.676 billion in fiscal 2022, $3.799 billion in fiscal 2023, $3.680 billion in fiscal 2024, and $3.590 billion in fiscal 2025. The 2024 divestiture of the agriculture business accounts for much of the decline from the fiscal 2023 peak — on an organic basis, the retained business segments have been growing. The Mobility telematics business sale to Platform Science in 2025, in exchange for a 32.5% equity stake, further concentrates the portfolio. Net income of $1.2 billion on $3.59 billion in revenue in fiscal 2025 represents a 33% net margin — notably high, and partially influenced by the income before taxes figure of $1.51 billion that reflects gains from portfolio transactions rather than purely operating profitability. The $17.43 billion market capitalization prices the company at approximately 4.9 times fiscal 2025 revenue, consistent with a software-weighted industrial technology company transitioning toward higher recurring revenue. The path to the $2.5 billion ARR and 35% adjusted EBITDA margin targets by 2027 requires continued SaaS conversion in the AECO segment, ARR growth in Field Systems as hardware-attached subscription software penetrates the surveying and machine control customer base, and margin expansion in Transportation and Logistics. The construction industry's digital adoption is accelerating, which provides tailwind — but competing against Autodesk in construction software requires continuous product investment.