# Trimble Inc. Common Stock (TRMB) — Stock CV

Trimble Inc. is a $14.0B technology company. Revenue grew 5.8% over the last year, it currently loses money, and its net debt equals ~1.5 years of free cash flow.

> Trimble Inc is a technology solutions provider that enables office and mobile professionals to connect their workflows and asset lifecycles to drive a more productive, sustainable future. The company has three reportable segments: Architects, Engineers, Construction, and Owners (AECO).

## Identity

- **Ticker**: TRMB
- **Sector**: Technology
- **Industry**: Measuring & Controlling Devices, Nec
- **Headquarters**: WESTMINSTER, CO
- **Employees**: 11 500
- **Website**: https://www.trimble.com
- **Market cap**: $14.0B
- **Last price**: $60.07
- **Financial profile**: Solid

## Vitals (TTM)

- **Revenue**: $3.78B
- **Net income**: -$105M
- **Free cash flow**: $773M
- **Net debt**: $1.14B
- **P/E**: 33.0
- **Revenue growth (YoY)**: 5.8%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 60 |
| Growth | 31 |
| Profitability | 10 |
| Health | 61 |
| Quality | 60 |
| Moat | 62 |

## Qualifications (beginner checklist) — 9 of 10 passed

- [x] Revenue growing — +5.8% YoY
- [ ] Profitable — -$105M TTM
- [x] Profit growing — +12.0% YoY
- [x] Generates cash — $773M TTM
- [x] Debt under control — ~1.5y of cash flow to repay
- [x] Established company — $14.0B market cap
- [x] Not printing shares — -4.3% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [x] Financially stable — Altman Z 3.2 — safe
- [x] Valuation not extreme — P/E 33.0

## Experience (career milestones)

- **FY2024** — Best year on record: $1.50B net income
- **2024** — Trimble acquired Flashtract, a company specializing in payment, compliance
- **2022** — Trimble acquired B2W Software, a New Hampshire-based developer of software for the heavy civil…
- **2021** — Trimble purchased AgileAssets, a SaaS company helping corporate and governmental clients manage…
- **2018** — Trimble agreed to acquire the construction software company Viewpoint from investment firm Bain…
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $2.36B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2012** — Trimble acquired the 3D modeling software package SketchUp from Google in 2012 and acquired TMW Systems the same year
- **2004** — Trimble had acquired and integrated the staff and technology of the 3D laser scanning company MENSI
- **1993** — The company's first commercially available RTK product, called the Site Surveyor System, was released in 1993
- **1990** — Trimble held its initial public offering in 1990
- **1985** — For example, in 1985, the company introduced GPS tech that could be used for offshore drilling surveying as well as…
- **1978** — Trimble Inc. is an American software, hardware, and services technology company that was founded in 1978

## Strengths

- High gross margin (70.5%)
- Strong cash conversion — FCF is 20.4% of revenue
- Could repay net debt from ~1.6 years of free cash flow
- Interest covered 7.8× by operating earnings
- Altman Z-Score 3.22 — low bankruptcy-risk zone

## Watch-outs

- Not profitable — 2.8% net margin

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $3.66B | $493M | $704M |
| FY2022 | $3.68B | $450M | $348M |
| FY2023 | $3.80B | $311M | $555M |
| FY2024 | $3.68B | $1.50B | $498M |
| FY2025 | $3.59B | $424M | $361M |

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Source: https://stockcv.com/TRMB — derived from company filings; may be delayed or incomplete. Information, not investment advice.