Information Technology · Application Software · US stock · price as of 16 Oct 2026
Key indicators
Price
$59.46
52-week range
$47.92 – $84.42
Market cap
$13.9B
P/E (trailing)
–
EV / EBITDA
17.9×
Free-cash-flow yield
5.6%
Dividend yield
–
Revenue (last 12 months)
$3.8B
Revenue growth (3y a year)
−0.8%
Operating margin
17.0%
Return on invested capital
8.0%
Net debt / EBITDA
1.5×
Fair value
Blended fair value$57.47 range $56 – $59
Versus priceFair−3% to fair value
Peer multiples
$84.90
Fundamentals-adjusted multiple
$56.52
10-year DCF (market-scaled)
$30.98
Earnings power value (floor, not blended)
$12.25
Model uncertainty
Medium
X-Ray Score
42/ 100 · High confidence · ahead of 28% of sector peers
Valuation68
Growth17
Profitability51
Financial health23
Dividends–
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Trimble provides positioning technology, software and hardware that connect physical work with digital information. Its products guide surveying equipment, construction machinery, farm vehicles and fleets, and its software helps contractors and engineers plan projects, manage assets and track transport operations. Customers include construction firms, farmers, surveyors, utilities, transportation companies and governments.
Trimble earns revenue from software subscriptions, from hardware devices and from related services and support. Over the last twelve months it reached $3.8 billion, though revenue growth over the last three years was -0.8% a year, a small decline. The operating margin is 17.0%, and the business earns a profit of 8% on the capital invested in it. It has net debt of 1.5 times EBITDA. The company does not pay a dividend.
StocksXray gives Trimble Inc. an X-Ray Score of 42 out of 100 (high confidence), ahead of 28% of the S&P 500 stocks in its sector. Its strongest lens is valuation (68) and its weakest is growth (17).
Our fair value blend is $57.47 (range $56.12 to $58.81). At $59.46 the stock trades 3% above that blend, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Trimble Inc. (TRMB)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2025
FY2026
Now
Price
$87.19
$50.56
$53.20
$70.57
$78.33
$59.46
Market cap
$22.2B
$12.7B
$13.3B
$17.4B
$18.9B
$13.9B
P/E
44.9×
28.1×
42.6×
11.6×
44.5×
–
EV / revenue
6.3×
3.9×
4.4×
4.9×
5.6×
4.0×
EV / EBITDA
41.2×
20.8×
23.8×
26.1×
25.3×
17.9×
Price / free cash flow
31.5×
36.4×
23.9×
35.0×
52.4×
17.9×
Free-cash-flow yield
3.2%
2.8%
4.2%
2.9%
1.9%
5.6%
Price / book
5.6×
3.1×
2.9×
3.0×
3.2×
2.7×
Dividend yield
–
–
–
–
–
–
Fundamentals checklist ● 2 Good · ● 6 Average · ● 8 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−10.6%Good
Free-cash-flow yield5.6%Good
Risk models
Altman Z score3.1×Average
Piotroski F-Score4 of 9Bad
Growth
EPS growth (3y)−0.7%Average
Free-cash-flow growth (3y)1.2%Bad
Revenue growth (3y)−0.8%Bad
Growth consistency60%Bad
Balance sheet
Current ratio1.0×Bad
Net debt / EBITDA1.5×Bad
Interest cover8.1×Bad
Valuation
Fair value vs price1.0×Average
EBIT / EV yield4.3%Average
Profitability
Return on invested capital8.0%Bad
Operating margin17.0%Average
Gross profitability30.9%Average
XStocksXray
Trimble Inc. (TRMB)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY25
FY26
LTM
Revenue
3,659
3,676
3,799
3,683
3,587
3,783
Gross profit
2,035
2,106
2,333
2,396
2,478
2,640
Operating income
561
511
449
461
592
643
Net income
493
450
311
1,504
424
-105
Diluted EPS ($)
1.94
1.80
1.25
6.09
1.76
-0.44
Free cash flow
704
348
555
498
361
773
Gross margin
55.6%
57.3%
61.4%
65.1%
69.1%
69.8%
Operating margin
15.3%
13.9%
11.8%
12.5%
16.5%
17.0%
Net margin
13.5%
12.2%
8.2%
40.8%
11.8%
−2.8%
Balance sheet
FY21
FY22
FY23
FY25
FY26
LTM
Total assets
7,100
7,269
9,539
9,488
9,312
8,541
Cash
326
271
230
739
253
214
Total debt
1,293
1,820
3,597
1,391
1,392
1,459
Equity
3,945
4,050
4,500
5,745
5,836
5,111
Dividend per share ($)
–
–
–
–
–
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.