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Trimble Inc.
S&P 500
$13.5B
Market Cap
43.6
P/E
2.20
PEG
7.4%
ROCE
7.3%
ROE
0.24
D/E
16.5%
OPM
-31.4%
% from 52W High
32
α RS
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🌏 Global Investor Returns
Currency-adjusted total returns for TRMB including FX impact
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📈 Price History
Ratio Health
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About

Trimble Inc. offers technology solutions and platform that enable office professionals and field workers to connect workflows and industry lifecycles in North America, Europe, the Asia Pacific, and internationally. The company provides architecture and interior design; building information modeling, engineering, and virtual design and construction; and construction and owner software products. It also offers field and office software for estimating and job cost management, and project design and visualization; software for 3D design and data sharing; systems to guide and control construction equipment, such as excavators, bulldozers, wheel loaders, motor graders, and paving equipment; systems to monitor, track, and manage assets, equipment, and workers; and software to facilitate the management of the construction process and for sharing and communication of data in real time. In addition, it provides positioning services comprising VRSNow; CenterPoint RTX; FieldPoint RTX; Rangepoint RTX; ViewPoint RTX; and Trimble xFill services. Further, it offers transportation and logistics solutions for shippers, carriers, retailers, and intermediaries, such as carrier transportation management software (TMS) and maintenance solutions to manage core transportation operations and maintenance workflows; transporeon solutions to provide a cloud-based ecosystem that manages the transportation lifecycle from freight sourcing and procurement through transport execution, dock and yard management, and auditing; and MAPS, a mapping and routing solutions that provide the industry standard for truck-specific routing, mileage, and navigation. It sells its technology solutions directly to end users and through software integrations. The company was formerly known as Trimble Navigation Limited and changed its name to Trimble Inc. in October 2016. Trimble Inc. was founded in 1978 and is headquartered in Westminster, Colorado.

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📈 Growth Pattern
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⭐ Superinvestors Holding TRMB
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Manager Shares Value % of Fund Period
Cathie Wood ARK Investment Management 1.25M $81.4M 0.63% Mar 2026
Jim Simons Renaissance Technologies LLC 946.7K $61.8M 0.10% Mar 2026
Steve Cohen Point72 Asset Management 119.5K $7.8M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
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📊 MIXED Trimble Q1 2026: Revenue $940M (up 12%), ARR $2.435B (up 13%), EPS $0.79, raised FY guidance.
Revenue & Profitability
First-quarter 2026 organic revenue grew 12% year-over-year to $940 million, exceeding guidance. ARR reached a record $2.435 billion, up 13%. Non-GAAP earnings per share was $0.79, above the high end of the guided range. Gross margin expanded to 71% and EBITDA margin was 27.4%, a 150-basis-point improvement. Free cash flow was $275 million. The company raised its full-year guidance: revenue midpoint $3.875 billion (8% growth), EPS $3.55, ARR growth 13%, and EBITDA margin 29.7%.
Outlook
Management sees strong end-market demand in civil construction and infrastructure, supported by data center growth. However, they note limited visibility in hardware due to Middle East conflict, tariff policy uncertainty, and tougher year-over-year comparisons in the second half. The transportation market in North America is showing early signs of recovery, while Europe remains challenged but the company is holding competitive win ratios and growing network density.
Growth Drivers
Key growth levers include cross-selling Trimble Construction One globally (launched in Asia-Pacific), strength in civil construction and geospatial (Field Systems up 12%), and expanding AI-powered products like autonomous procurement and quotation in transportation. AECO grew ARR 14% with record segment revenues, partly from European and APAC expansion. Transportation ARR grew 9% with new logo growth up over 50% year-over-year in Europe.
Balance Sheet & CapEx
Not discussed in detail in this earnings call.
Margins
Gross margin was 71% in Q1. EBITDA margin expanded 150 bps year-over-year to 27.4%, with a full-year target of 29.7%. Segment margins: AECO operating margin 31.5% (up 420 bps), Field Systems 28.8% (slightly down due to timing of OpEx and trade show expenses), Transportation 24.2% (up 300 bps). The company aims for 30% EBITDA margins by 2027, enabled by operating leverage and reinvestment.
Key Risks
Management flagged limited visibility on hardware revenue due to the Middle East conflict and tariff policy uncertainty. In transportation, the macro environment remains challenged, though North America shows early signs of recovery. Labor shortages in construction were noted as a near-term constraint, but they view this as a tailwind for automation demand.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-12
Q2 delivered 10% organic revenue growth and 28.6% EBITDA margin, beating guidance and prompting raised full-year outlooks for revenue and EPS. Strong performance in AECO and Field Systems, ongoing AI-driven transformation, and a new $1B share repurchase were highlighted.
Q1 2026 Q1 2026 2026-05-06
Q1 2026 saw 12% revenue and 13% ARR growth, with EPS and margins exceeding guidance. Full-year outlook was raised, driven by strong AECO and Field Systems performance, AI-driven innovation, and disciplined capital allocation.
Q4 2025 Q4 2025 2026-02-10
Q4 and full-year results exceeded expectations, with strong revenue, ARR, and margin expansion. 2026 guidance calls for continued growth, driven by recurring revenue, AI innovation, and robust segment performance, while maintaining disciplined capital allocation.
Q3 2025 Q3 2025 2025-11-05
Third quarter revenue and EPS exceeded guidance, driven by strong growth in AECO and Field Systems. Raised full-year 2025 outlook, with recurring revenue and ARR showing double-digit gains. AI integration, new partnerships, and robust capital allocation support confidence in 2027 targets.
Q2 2025 Q2 2025 2025-08-06
Second quarter results exceeded expectations with 9% organic revenue growth and 14% ARR growth, driven by strong performance across all segments and continued momentum in subscription and bundled offerings. Full-year guidance was raised, reflecting confidence in strategic execution and AI-driven innovation.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
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