TRMB
Updated: 23/09/2026, 22:39:56
Trimble Inc. develops and supplies technology solutions globally, empowering professionals and field workers to significantly improve or revolutionize their operational workflows. Through its Buildings and Infrastructure segment, the company delivers a comprehensive array of digital tools for the construction sector. This includes software for route planning, 3D design, and data exchange, along with systems for guiding construction machinery and for monitoring and managing assets, personnel, and equipment. The segment also offers advanced Building Information Modeling (BIM), Enterprise Resource Planning (ERP), and project management platforms. Furthermore, it provides integrated solutions for site layout, measurement, cost estimation, scheduling, and project control, alongside specialized applications tailored for subcontractors and various trades. The Geospatial segment focuses on advanced surveying products, geographic information systems (GIS), and related geospatial technologies. For the Resources and Utilities sector, Trimble provides precision agriculture products and services. These encompass sophisticated guidance and positioning systems, autonomous steering capabilities, and automated, variable-rate application technologies. The offerings also include manual and automated navigation for farm equipment, solutions for automating pesticide and seeding processes, water management systems, and agricultural software designed for data and operational insights. Finally, the Transportation segment caters to the long-haul trucking and freight shipping industries. Its offerings span comprehensive mobility solutions such as route optimization, safety and compliance tools, end-to-end vehicle management, video intelligence, and supply chain communication platforms. Additionally, it delivers advanced fleet and transportation management systems, powerful analytics, mapping, reporting, and predictive modeling capabilities. Initially known as Trimble Navigation Limited, the company adopted its current name, Trimble Inc., in October 2016. Established in 1978, it maintains its headquarters in Sunnyvale, California.
No summaries found.
Reported and calculated KPIs plus operational exposure disclosed in the FY 2026 filing.
Revenue
$3.6B
FY 2026 · Reported
Net income
$0.4B
FY 2026 · Reported
Gross margin
69.1%
FY 2026 · Calculated
Free cash flow
$0.4B
FY 2026 · Calculated
R&D intensity
17.6%
FY 2026 · Calculated
Share repurchases
$0.9B
FY 2026 · Reported
| Product / service | Sales | Share of sales | YoY growth | By reported area |
|---|---|---|---|---|
subscription_and_servicesSource evidence“Product$1,135.2 $1,284.0 $1,771.7 Subscription and services2,452.1 2,399.3 2,027.0 Total revenue3,587.3 3,683.3 3,798.7” | $2,452.1m | +68.4% | N/A | Not disclosed by product and area |
productSource evidence“Product$1,135.2 $1,284.0 $1,771.7 Subscription and services2,452.1 2,399.3 2,027.0 Total revenue3,587.3 3,683.3 3,798.7” | $1,135.2m | +31.6% | N/A | Not disclosed by product and area |
Other offerings mentioned without separate sales
Area-level product sales are displayed only when the filing reports a product × geography breakdown. Regional totals are not allocated across products by estimation.
Map layer
Pins show disclosed operations. The heatmap colors the filing’s reported geographies; regional figures shade the region and are not estimates for each country.
Only locations and quantities explicitly supported by the filing are displayed. A country-level manufacturing percentage or product allocation is shown only when the source discloses it; materiality scores are never presented as production shares.
Company description
Leading technology solutions and platform provider for industries that build, maintain, and move the world
“Trimble is a leading technology solutions and platform provider, enabling office professionals and field workers to connect their workflows and industry lifecycles”
Company overview
Trimble is a leading technology solutions and platform provider enabling office professionals and field workers to connect their workflows
“Trimble is a leading technology solutions and platform provider, enabling office professionals and field workers to connect their workflows and industry lifecycles”
Reportable segments
Three reportable segments: AECO, Field Systems, T&L
“Our reportable segments are described below: •Architects, Engineers, Construction and Owners (“AECO”)”
Reportable segments
Three reportable segments: AECO, Field Systems, Transportation and Logistics
“We report our financial performance, including revenue and operating income, based on three reportable segments: Architects, Engineers, Construction, and Owners (“AECO”), Field Systems, and Transportation and Logistics (“T&L”)”
Reporting segments referenced
Reporting segments include T&L and Field Systems (Mobility in T&L; Ag was in Field Systems)
“Mobility was reported as a part of our T&L segment. ... Ag was reported as a part of our Field Systems segment.”
Diverse businesses shaped by acquisitions and divestitures
Increasingly diversified business mix via acquisitions and divestitures
“We have increasingly diversified and modified the nature and mix of our businesses, both organically and by acquisitions and divestitures.”
Representative customers
Customers include contractors, AEC professionals, surveyors, energy/utility companies, transportation shippers/carriers, and governments
“Our representative customers include asset owners; general and specialty contractors; architects, engineers and designers; surveyors; energy and utility companies; transportation shippers and carriers, as well as state, federal, and municipal governments.”
Go-to-market channels and JVs
Sales via direct sales, dealers, JVs (Caterpillar, AGCO, Hilti, Nikon), OEM arrangements, distribution alliances in over 160 countries
“These go-to-market capabilities include: direct sales to end users; independent dealers; joint ventures, including with Caterpillar, AGCO Corporation (“AGCO”), Hilti, and Nikon; OEM arrangements; and distribution alliances with key partners”
AECO multi-channel; Field Systems via independent distributors; T&L direct/integrations
AECO: direct, indirect, digital channels; Field Systems: global independent distribution partners; T&L: direct and software integrations
“Products are sold and distributed primarily through a global network of independent distribution partners.”
Go-to-market mix
Balanced mix between direct, distribution, and OEM customers plus enterprise-level relationships
“our go-to-market model has also evolved with a balanced mix between direct, distribution, and OEM customers as well as enterprise-level customer relationships.”
Software delivery models
Software sold as subscription (consumption, term, perpetual), SaaS, or on-premise; includes 3D modeling and AI capabilities
“Our software is sold as subscription services, including consumption, term licenses, or perpetual licenses, and is hosted as Software as a Service (“SaaS”), or can be provisioned for on-premise usage”
2025 revenue by geography
2025: North America $2,075.9M, Europe $1,021.6M, Asia Pacific $349.7M, Rest of World $140.1M; total $3,587.3M
“North America$935.7 $841.7 $298.5 $2,075.9”
2025 segment revenue and operating income
2025: AECO $1,498.6M rev / 34.2% op margin; Field Systems $1,539.5M / 31.1%; T&L $549.2M / 21.9%
“Segment revenue$1,498.6 $1,539.5 $549.2”
Revenue by line item FY2025
FY2025 revenue: Product $1,135.2M; Subscription and services $2,452.1M; Total $3,587.3M (vs $3,683.3M in 2024, $3,798.7M in 2023)
“Product$1,135.2 $1,284.0 $1,771.7 Subscription and services2,452.1 2,399.3 2,027.0 Total revenue3,587.3 3,683.3 3,798.7”
2024 and 2023 segment revenue
2024: AECO $1,358.6M, Field Systems $1,535.9M, T&L $788.8M; 2023: AECO $1,110.5M, Field Systems $1,967.9M, T&L $720.3M
“2024 Segment revenue$1,358.6 $1,535.9 $788.8”
Global operations footprint
Major R&D, manufacturing, and logistics operations in US, Netherlands, India, Germany, UK, New Zealand, Finland, Canada, Sweden
“Our global operations include major research, development, manufacturing, and logistics operations in the United States, the Netherlands, India, Germany, the United Kingdom, New Zealand, Finland, Canada, and Sweden”
Dependence on limited contract manufacturers and sole-source suppliers
Dependent upon a limited number of contract manufacturers and specific suppliers, including sole sources, for critical components
“We are dependent upon a limited number of contract manufacturers for the manufacture, testing, and assembly of certain products and specific suppliers for a number of our critical components.”
15% equity method investment in PTx Trimble
15% equity method investment in PTx Trimble valued at $216.8M (2025) and $222.3M (2024)
“our 15% investment in PTx Trimble was $216.8 million and $222.3 million at the end of 2025 and 2024”
32.5% investment in Platform Science
32.5% investment in Platform Science valued at $253.9M at end of 2025
“our 32.5% investment in Platform Science was $253.9 million at the end of 2025”
Acquisition/divestiture track record
13 acquisitions and 23 divestitures completed since 2020
“This is demonstrated by the 13 acquisitions and 23 divestitures that we have completed since 2020.”
AI companies competing for commodity/component supply
Major AI companies absorbing available component supply, raising costs for Trimble
“substantial increases in demand for certain commodities and components by major AI companies, who are able to pay high prices and acquire significant portions of the available supply”
Sale of Mobility business to Platform Science
Completed sale of global transportation telematics (Mobility) business to Platform Science on Feb 8, 2025 for 32.5% stake worth ~$253.9M
“On February 8, 2025, we completed the sale of our global transportation telematics (“Mobility”) business to Platform Science, Inc. (“Platform Science”) resulting in our ownership, or rights to acquire ownership of 32.5% of Platform Science’s expanded business with an approximate fair value of $253.9 million”
Ag divestiture to AGCO (PTx Trimble JV)
Sold Ag business to AGCO Apr 1, 2024 for $1.9B cash plus 15% JV stake; $1.7B pre-tax gain in Q2 2024
“we completed the sale and contribution of our Ag business to AGCO in exchange for $1.9 billion of cash proceeds and an equity ownership interest in PTx Trimble”
Mobility divestiture to Platform Science
Sold Mobility business to Platform Science Feb 8, 2025 for 32.5% equity stake ($253.9M fair value); $30.6M cumulative pre-tax loss recognized
“On February 8, 2025, we completed the sale of our Mobility business to Platform Science in exchange for equity ownership interests with a fair value of $253.9 million.”
Divestitures in 2024 and 2023
2024: divested 2 businesses for $13.3M; 2023: divested 5 businesses for $18.7M
“we divested two businesses with total proceeds of $13.3 million”
R&D investment
R&D expense of $630.7M in 2025 (vs $662.3M in 2024, $664.3M in 2023)
“Research and development630.7 662.3 664.3”
Connect & Scale platform strategy
Multi-year Connect & Scale platform strategy centered on two open industry cloud platforms
“Our growth remains centered on executing our multi-year Connect & Scale platform strategy”
Connect & Scale strategy and growth elements
Growth strategy centered on Connect & Scale, software/services focus, geographic expansion, and targeted M&A
“Continue to execute on our Connect & Scale strategy; •Deliver customer outcomes that can enable productivity, quality, safety, transparency, and environmental sustainability”
Connect & Scale strategy
Connect & Scale strategy: integrating product offerings, transitioning to common core services and systems
“Pursuant to our Connect & Scale strategy, we are continuing to invest substantial resources in integrating our product offerings and transitioning our businesses to common core services and systems”
Senior notes outstanding
$600.0M 4.90% notes due June 2028 and $800.0M 6.10% notes due March 2033; total debt $1,392.2M at end of 2025
“Senior Notes, 4.90%, due June 2028”
2025 Credit Facility
Five-year $1.25B unsecured revolver (Dec 4, 2025) with $500M accordion, maturing Dec 4, 2030; undrawn at end of 2025
“five-year, unsecured revolving credit facility in the aggregate principal amount of $1.25 billion”
Long-term debt
Long-term debt of $1,392.2M at end of 2025 ($1,390.6M in 2024)
“Long-term debt1,392.2 1,390.6”
Recurring revenue shift outlook
Management expects continued recurring revenue mix shift to improve visibility and mitigate hardware-related macro impacts
“Our strategy to shift away from a hardware-centric businesses towards a more significant mix of recurring revenue is intended to mitigate any potential negative impacts on our business operations.”
Market opportunity positioning
Company sees long-term growth in underserved multi-trillion-dollar industries with early-phase technology adoption
“We serve multi-trillion-dollar global industries that operate in demanding environments with technology adoption in the earlier phases relative to other industries”
Goodwill by segment
Goodwill $5,239.7M at end of 2025 (AECO $2,037.0M, Field Systems $977.2M, T&L $2,225.5M), up from $4,988.4M
“Balance as of year end 2025$2,037.0 $977.2 $2,225.5 $5,239.7”
Dependence on radio frequency spectrum allocations for GNSS technology
GNSS products depend on spectrum allocations governed by ITU and FCC/NTIA; reallocation or interference could materially harm business
“Our GNSS technology is dependent on the use of satellite signals and on terrestrial communication bands.”
Global operations expose company to macro, trade, and geopolitical risks
Significant portion of revenue derived from outside the U.S.; exposed to tariffs, trade barriers, inflation/recession, currency fluctuations, and geopolitical instability
“imposition of new and changing tariffs, which can increase supply costs, create difficulties in forecasting, and affect our business operations”
Material weaknesses in internal control over financial reporting
Identified material weaknesses in internal control over financial reporting; delayed 2024 quarterly filings and received Nasdaq non-compliance notices
“we had identified a material weakness related to business combination accounting”
Macroeconomic and tariff/trade risk
Tariffs, trade tensions, FX/interest rate volatility and inflation create demand risk; recurring revenue mix shift intended as mitigation
“Macroeconomic conditions continue to present significant challenges globally, driven by geopolitical tensions, tariff and trade policies, exchange rate and interest rate volatility, and persistent inflationary pressures.”
Historical supply chain disruption (2021-2022) causing delivery delays and excess inventory
Global supply chain shortage in 2021 and 2022 caused component shortfalls, delivery delays, and excess inventory
“as we experienced during the global supply chain shortage in 2021 and 2022”
Proprietary technology and IP litigation risk
Relies on patents, trade secrets, trademarks, copyrights; infringement claims could require licenses, redesigns, or product withdrawal
“Third parties may claim that we or our customers (some of whom are indemnified by us) are infringing their intellectual property rights.”
Dependence on GPS and other GNSS satellite systems
Products rely on GPS plus GLONASS, BeiDou, Galileo, NavIC, QZSS; degradation, policy changes, or signal restrictions could cause lost revenue
“Many of our products use satellite signals available globally from the Russian GLONASS, China’s BeiDou, and the European Galileo GNSS Systems.”
Reliance on third-party and open-source software licenses
Some products rely on third-party and open-source software licenses that may be unavailable, costly, or legally restrictive
“We also incorporate open-source software into our products.”
AI and generative AI use presents cost, competitive, and regulatory risks
Uses AI/generative AI in products and operations; faces substantial investment, regulatory, accuracy, and competitive risks
“We use AI and generative AI tools in our products, services, and operations, including customer service, data analytics, product development, and code creation.”
Risk of non-U.S. customers favoring domestic suppliers
Non-U.S. customers may favor domestic suppliers due to government or customer policies, adversely affecting business
“government or customer efforts, attitudes, laws, or policies may lead to non-U.S. customers favoring domestic suppliers that could compete with or replace our products”
Core customer base spans construction, engineering, and asset ownership served primarily through the AECO segment
“We exist to empower our customers: asset owners; general and specialty contractors; architects, engineers, and designers; surveyors; energy and utility companies; transportation shippers and carriers; as well as state, federal, and municipal governments”
Products depend on a limited number of contract manufacturers and sole-source suppliers terminable with limited notice; disruptions delay shipments and increase costs.
“We are also dependent on a number of suppliers as the sole source of certain materials.”
Many products depend on GPS/GLONASS/BeiDou/Galileo signals; degradation, government policy changes, or signal restrictions would impair products and revenue.
“We are dependent on the continued operation of GPS, which is one of the principal GNSS currently in operation.”
Trimble results depend on strength of engineering, construction, and transportation end markets.
“the strength of the engineering, construction, and transportation markets”
Growth in mobile and cloud computing seen as driver making markets attractive for substituting Trimble technology for traditional operating methods
“With the growth in mobile and cloud computing capabilities, increasing technological know-how of end users, and compelling return on investment, we believe many of our markets continue to be attractive for substituting Trimble’s technology”
Tariffs and retaliatory actions could raise product costs, compress margins, dampen demand, and cause supply chain delays.
“such as through increased tariffs imposed on imports into the U.S. and any resulting retaliatory actions taken by other countries—could increase the cost of our products”
AI deployed across segments for process automation and insights; physical-world data estate cited as unique competitive advantage for Trimble AI
“This data estate based in the physical world creates a unique competitive advantage as a primary source that empowers Trimble AI solutions for our customers”
Revenue tied to contractors, AEC professionals, surveyors, energy/utility, transportation, and government customers.
“Our representative customers include asset owners; general and specialty contractors; architects, engineers and designers; surveyors; energy and utility companies; transportation shippers and carriers”
Spectrum reallocations or harmful interference (e.g., 2020 FCC proposal near GNSS bands) could reduce product utility, reliability, and demand.
“Any ITU or local reallocation of radio frequency bands, including frequency band segmentation and sharing of spectrum, or other modifications of the permitted uses of relevant frequency bands, may materially and adversely affect the utility and reliability of our products”
AI is embedded in products and operations; requires substantial investment, faces evolving regulation, and competitors may adopt AI faster.
“Our competitors may incorporate AI more quickly or successfully, and our solutions could become less competitive as a result.”
US tariffs and trade tensions could reduce customer demand and affect global operations; company mitigates via recurring revenue mix shift.
“The heightened trade tensions and related imposition of tariffs and export control restrictions between the United States and its trading partners”
T&L segment serves shippers and carriers via Trimble Transportation Cloud and Transporeon marketplace
“our Transporeon business creates a marketplace for shippers, forwarders, carriers, and retailers to connect online and digitize their end-to-end transportation management processes”
Major AI companies buying large portions of available commodity/component supply make procurement harder and more expensive for Trimble.
“substantial increases in demand for certain commodities and components by major AI companies, who are able to pay high prices and acquire significant portions of the available supply”
Customer sustainability outcomes (reduced fuel and input use, lower carbon emissions) are a disclosed demand driver for Trimble solutions
“Trimble solutions deliver sustainability advantages for our customers, reducing the use of fuels and other inputs, which delivers both reduced cost and lower carbon emissions”
Exchange rate and interest rate volatility cited as global macro challenges affecting the business.
“driven by geopolitical tensions, tariff and trade policies, exchange rate and interest rate volatility, and persistent inflationary pressures”
Joint venture with Caterpillar is part of go-to-market channel strategy
“joint ventures, including with Caterpillar, AGCO Corporation (“AGCO”), Hilti, and Nikon”
North America contributed $2,075.9M of $3,587.3M total 2025 revenue, the largest region across all three segments.
“North America$935.7 $841.7 $298.5 $2,075.9”
Multinational operations expose company to uncertain tax position judgments and tax audits by IRS and foreign authorities.
“We are subject to the periodic examination of our domestic and foreign tax returns by the IRS, state, local, and foreign tax authorities who may challenge our tax positions.”
Persistent inflation cited as a macro challenge that could affect costs and demand.
“persistent inflationary pressures”
US revenue was $1,905.8M, $1,911.2M, and $1,855.2M in 2025, 2024, and 2023.
“Total revenue in the United States as included in the Consolidated Statements of Income was $1,905.8 million, $1,911.2 million, and $1,855.2 million in 2025, 2024, and 2023.”
Field Systems products are sold and distributed primarily through a global network of independent distribution partners.
“Products are sold and distributed primarily through a global network of independent distribution partners.”
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