Hitachi vs Trimble: Revenue, Profit and Business Model
Hitachi had ~$70.9B of annual revenue in FY2026 and ~$5.4B of net income. Trimble had $3.6B of annual revenue in FY2025 and $424M of net income.
Latest financial snapshot
Financial summary
Hitachi
Hitachi posted a ~$5.27 billion (¥787.3 billion) net loss for fiscal 2008, then the largest ever by a Japanese manufacturer. Under Takashi Kawamura and Hiroaki Nakanishi it cut loss-making consumer businesses, and later leaders sold listed subsidiaries such as Hitachi Chemical (2020), Hitachi Metals (2023), and a controlling stake in Hitachi Construction Machinery (2022). Revenue dipped from ~$72.9 billion (¥10.88 trillion) in FY2022 to ~$65.2 billion (¥9.73 trillion) in FY2023 as those units left, then climbed back to ~$71 billion (¥10.59 trillion) in FY2025 on organic growth. FY2025 adjusted EBITA was a record ~$8.78 billion (¥1.31 trillion) (12.4% margin) and net income was ~$5.38 billion (¥802.3 billion), up about 30%. In Q1 FY2026 (April-June 2026) revenue rose 20% to ~$18.2 billion (¥2,709.6 billion), helped by currency, and management raised full-year guidance. Hitachi, Ltd. is a colossal Japanese multinational conglomerate corporation, maintaining a market valuation generally exceeding $85 billion.
Trimble
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 and profit by year
Hitachi
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | ~$70.9B | ~$5.4B | 7.6% | +8.2% | Source |
| FY2025 | ~$65.5B | ~$4.1B | 6.3% | +0.6% | Source |
| FY2024 | ~$65.2B | ~$4B | 6.1% | -10.6% | Source |
| FY2023 | ~$72.9B | ~$4.3B | 6.0% | +6.0% | Source |
| FY2022 | ~$68.8B | ~$3.9B | 5.7% | — | Source |
Trimble
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $3.6B | $424M | 11.8% | -2.6% | Source |
| FY2024 | $3.7B | $1.5B | 40.8% | -3.0% | Source |
| FY2023 | $3.8B | $311.3M | 8.2% | +3.3% | Source |
| FY2022 | $3.7B | $449.7M | 12.2% | +0.5% | Source |
| FY2021 | $3.7B | $492.7M | 13.5% | +16.1% | Source |
| FY2020 | $3.2B | $389.9M | 12.4% | -3.6% | Source |
| FY2019 | $3.3B | $514.3M | 15.7% | +4.4% | Source |
| FY2018 | $3.1B | $282.8M | 9.0% | +18.0% | Source |
| FY2017 | $2.7B | $118.4M | 4.5% | +12.4% | Source |
| FY2016 | $2.4B | $132.4M | 5.6% | — | Source |
Where the revenue comes from
Hitachi
- Digital Systems & Services
Reported sector
Japanese IT systems for finance and government, GlobalLogic digital engineering, cloud and managed services, and Lumada solutions.
- Energy
Reported sector
Hitachi Energy grid infrastructure, HVDC, transformers, and related service contracts.
- Mobility
Reported sector
Hitachi Rail trains, signalling and train control (including former Thales GTS), and maintenance.
- Connective Industries
Reported sector
Building systems, industrial products and systems, Hitachi High-Tech, and, until its sale, home appliances.
Trimble
- AECO Software and Services
Largest segment
Subscriptions, term licenses and services for SketchUp, Tekla, Viewpoint, e-Builder, Trimble Connect and Trimble Construction One. AECO is the main ARR driver; Q2 2026 segment revenue was $389 million, up 9%.
- Field Systems
Second-largest segment
GNSS receivers, total stations, laser scanners, machine control and correction services, sold largely through dealers such as SITECH. Software and services now make up more than half of segment revenue, according to management.
- Transportation and Logistics
Smallest segment
Mostly recurring software including Transporeon and transportation management tools. The Mobility telematics unit was sold to Platform Science in 2025, and the segment took a $562.0 million goodwill impairment in Q2 2026.
Business model and strategy
Hitachi
How it makes money
Hitachi is a B2B infrastructure and IT company. It sells long-lived physical assets (transformers, HVDC converter stations, trains, signalling, elevators, semiconductor metrology tools) and then earns recurring service, maintenance, and software revenue on that installed base. Lumada is the umbrella for the data, AI, and digital services layered on top, and Hitachi reports Lumada as a growing share of total revenue.
Growth strategy
Hitachi grows by attaching software and services to its installed base and by reshaping its portfolio. It is expanding Hitachi Energy factory capacity for transformers and HVDC, integrating Thales GTS into Hitachi Rail, and scaling Lumada through GlobalLogic and AI partnerships.
Competitive advantage
Hitachi's edge is owning both the operational technology and the IT. Hitachi Energy (built on ABB's former Power Grids business) is one of a handful of suppliers able to deliver HVDC links and large power transformers at scale, Hitachi Rail became a top-tier signalling supplier after buying Thales GTS in 2024, and GlobalLogic plus Hitachi's Japanese IT business supply the software.
Trimble
How it makes money
Trimble earns revenue from three segments: AECO (architecture, engineering, construction and owner software such as SketchUp, Tekla, Viewpoint and Trimble Construction One), Field Systems (GNSS receivers, total stations, laser scanners, machine control and correction services such as Trimble RTX), and Transportation & Logistics (Transporeon and other freight software). Hardware gets Trimble onto job sites;
Growth strategy
Trimble's growth strategy is focused on recurring software, connected construction, transportation workflow data, geospatial positioning, portfolio simplification, and operating margin expansion. The company is pruning lower-fit assets while using its installed base to attach cloud software and workflow data to customer operations.
Competitive advantage
Trimble's advantage comes from positioning expertise, installed field hardware, vertical software, industry workflows, dealer relationships, and customer data integration.
Questions about Hitachi vs Trimble
Which company has higher revenue — Hitachi, Ltd. or Trimble Inc.?
Hitachi, Ltd. had ~$70.9B (FY2026), while Trimble Inc. had $3.6B (FY2025). By latest annual revenue, Hitachi, Ltd. is the larger business, with Trimble Inc. showing a smaller revenue base. Note: these are from different fiscal years and are not a direct like-for-like comparison.
What is the market cap of Hitachi, Ltd. vs Trimble Inc.?
Hitachi, Ltd.'s market capitalisation stands at $157.8B, while Trimble Inc.'s is $13.8B. Hitachi, Ltd. carries the higher market valuation, reflecting investors' expectations of its future earnings power relative to Trimble Inc..
How does revenue per employee compare for Hitachi, Ltd. and Trimble Inc.?
Hitachi, Ltd. has $246k / employee in revenue per employee, while Trimble Inc. has $312k / employee. Headcounts may use different dates, so the ratio alone does not establish which business operates more efficiently.
How do Hitachi, Ltd. and Trimble Inc. make money?
Hitachi, Ltd. and Trimble Inc. generate revenue in fundamentally different ways. Hitachi, Ltd.: Hitachi is a B2B infrastructure and IT company. Trimble Inc.: Trimble earns revenue from three segments: AECO (architecture, engineering, construction and owner software such as SketchUp, Tekla, Viewpoint and Trimble Construction One), Field Systems (GNSS receivers, total stations, laser scanners, machine control and correction services such as Trimble RTX), and Transportation & Logistics (Transporeon and other freight software).
Which company is valued higher relative to revenue — Hitachi, Ltd. or Trimble Inc.?
On a price-to-sales (P/S) basis, Hitachi, Ltd. trades at 2.2x P/S and Trimble Inc. at 3.9x P/S. Trimble Inc. commands a higher revenue multiple, typically indicating that investors expect faster growth or higher future margins compared to Hitachi, Ltd.. A higher multiple is not inherently better — it may also signal that the stock is priced for perfection.
Is Hitachi, Ltd. bigger than Trimble Inc.?
By last reported revenue, Hitachi, Ltd. (~$70.9B (FY2026)) is the larger company compared to Trimble Inc. ($3.6B (FY2025)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Hitachi vs Trimble overview