Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Trimble Inc.

TRMB stock analysis · Information Technology · Application Software

FY 2026-01-02ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$51.18HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$11.9B

Price × SEC outstanding shares. Shares measured 2026-05-01. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$23.51

Equity cash-flow scenario · SEC outstanding shares at 2026-05-01 · -54.1% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

24.8%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

40.7%

13 industry peers · median 39.6×

How this is calculated ↗
Valuation

Historical multiples

28.6×

6 annual observations · snapshot P/E 28.1× · -1.8% versus history

How this is calculated ↗
Valuation

Free cash flow yield

3.0%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

7.0%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

73/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

-1.9%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

0.4%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

-0.8%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 750.5M2021-01-01: cfo $672,000,000.002021-01-01: capex $56,800,000.0020212021-12-31: cfo $750,500,000.002021-12-31: capex $46,100,000.0020212022-12-30: cfo $391,200,000.002022-12-30: capex $43,200,000.0020222023-12-29: cfo $597,100,000.002023-12-29: capex $42,000,000.0020232025-01-03: cfo $531,400,000.002025-01-03: capex $33,600,000.0020252026-01-02: cfo $386,200,000.002026-01-02: capex $25,300,000.002026
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$29.49$32.18$35.07
10.0%$21.61$23.51$25.56
12.0%$17.05$18.50$20.06

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2026-01-023.6B424M386.2M25.3M9.3B
2025-01-033.7B1.5B531.4M33.6M9.5B
2023-12-293.8B311.3M597.1M42M9.5B
2022-12-303.7B449.7M391.2M43.2M7.3B
2021-12-313.7B492.8M750.5M46.1M7.1B
2021-01-013.1B390.6M672M56.8M6.9B
2020-01-033.3B514.5M585M69M6.6B
2018-12-283.1B283.3M486.7M67.6M5.8B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue3.6BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-25
netIncome424MNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-25
Parent/common earnings proxy424MNetIncomeLoss2026-02-25
cfo386.2MNetCashProvidedByUsedInOperatingActivities2026-02-25
capex25.3MPaymentsToAcquirePropertyPlantAndEquipment2026-02-25
operatingIncome592MOperatingIncomeLoss2026-02-25
assets9.3BAssets2026-02-25
equity5.8BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-25
Parent book equity proxy5.8BStockholdersEquity2026-02-25
debt1.4BLongTermDebt2026-02-25
shortDebtNot reported under a supported tag
cash253.4MCashAndCashEquivalentsAtCarryingValue2026-02-25
shares241.5MWeightedAverageNumberOfDilutedSharesOutstanding2026-02-25
dividendsNot reported under a supported tag
buybacks863.4MPaymentsForRepurchaseOfCommonStock2026-02-25
issuance600KProceedsFromIssuanceOfCommonStock2026-02-25