TRMBTRIMBLE INC.
Measuring & Controlling Devices, NEC
- Revenue
- $3.6B
- 2.6% YoY
- Operating margin
- 16.5%
- 32% YoY
- EBITDA
- $792M
- 14% YoY
- Market cap
- $15.1B
- Employees
- —
- Net debt / EBITDA
- 1.6×
- $1.2B net debt
- AI in 10-K
- 12.6
- mentions per 10K words
Takeover score 4 of 13
Fixable underperformance 4 of 7
- TSR below peersYes5 of 5 years3+ of last 5 years
- High CEO pay despite TSRYes$16M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo91% of net incomeCash flow under 80% of net income
- Dilutive SBCNo4% of revenueOver 10% of revenue
- Payouts exceed cash flowYes224% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyYes57% of assetsOver 40% of assets
- Shareholder dissentNo91% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo12.6 per 10K words · 95th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo1.6× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$15.1B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$5M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|
| Revenue | $3.7B | $3.8B | $3.7B | $3.6B | 2.6% |
| Operating income | $511M | $449M | $461M | $592M | 29% |
| Net income | $450M | $311M | $1.5B | $424M | 72% |
| Operating cash flow | $391M | $597M | $531M | $386M | 27% |
| Capex | $43M | $42M | $34M | $25M | 25% |
| Stock-based comp | $120M | $145M | $159M | $147M | 7.6% |
| Buybacks | $395M | $100M | $175M | $863M | 393% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $5M · 15
- Net
- −$5M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $19M | $26M | 117 | 258 |
| FY2025 | $19M | $31M | 106 | 208 |
| FY2023 | $15M | $15M | 80 | 152 |
| FY2022 | $16M | −$9M | 76 | 97 |
| FY2021 | $14M | $27M | 131 | 135 |