TRMB FY 2024 Earnings Report — Trimble Inc. Revenue & Financial Results | Market Cap Arena

Trimble Inc.TRMB

FY 2024 Earnings

Reported April 25, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$3.7B	—	$3.8B	—	-3.0%
Op. Income	$461M	—	$449M	—	2.7%
Gross Margin	65.1%	—	61.4%	—	3.6pp
Net Margin	40.8%	—	8.2%	—	32.6pp
EPS (Diluted)	$6.09	—	$1.25	—	387.2%
Free Cash Flow	$498M	—	$555M	—	-10.3%

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$1.3B
GROSS PROFIT	$2.4B
R&D Expenses	$662M
Selling & Marketing	$604M
General & Administrative	$548M
SG&A Expenses	$1.2B
Other Expenses	$122M
Operating Expenses	$1.9B
Cost & Expenses	$3.2B
OPERATING INCOME	$461M
Interest Income	$0
Interest Expense	$91M
Other Income/Expenses	$1.5B
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$502M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$232M
EBIT	$2.1B
EBITDA	$2.3B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$1.3B
GROSS PROFIT	$2.4B
R&D Expenses	$662M
Selling & Marketing	$604M
General & Administrative	$548M
SG&A Expenses	$1.2B
Other Expenses	$122M
Operating Expenses	$1.9B
Cost & Expenses	$3.2B
OPERATING INCOME	$461M
Interest Income	$0
Interest Expense	$91M
Other Income/Expenses	$1.5B
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$502M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.5B
D&A	$232M
EBIT	$2.1B
EBITDA	$2.3B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$232M
Stock-Based Compensation	$159M
Deferred Income Tax	$27M
Other Non-Cash Items	-$1.6B
Change in Working Capital	$203M
OPERATING CASH FLOW	$531M
Capital Expenditure	-$34M
Acquisitions (Net)	-$22M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1.9B
NET CASH FROM INVESTING	$1.9B
Net Debt Issuance	-$1.7B
Common Stock Repurchased	-$182M
Common Dividends Paid	$0
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$1.9B
FREE CASH FLOW	$498M
Net Change in Cash	$509M

Balance Sheet

Item	Amount
Cash & Equivalents	$739M
Short-Term Investments	$0
Net Receivables	$726M
Inventory	$194M
Other Current Assets	$508M
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$312M
Goodwill	$5.0B
Intangible Assets	$998M
Long-Term Investments	$361M
Tax Assets	$294M
Other Non-Current Assets	$264M
TOTAL NON-CURRENT ASSETS	$7.2B
TOTAL ASSETS	$9.5B
Account Payables	$162M
Short-Term Debt	$0
Deferred Revenue	$800M
Other Current Liabilities	$501M
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$1.4B
Deferred Revenue NC	$96M
Deferred Tax Liabilities	$200M
Other Non-Current Liabilities	$146M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$3.7B
Common Stock	$200.0K
Additional Paid-In Capital	$2.4B
Retained Earnings	$3.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$382M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.7B
Minority Interest	$0
TOTAL EQUITY	$5.7B
TOTAL LIABILITIES & EQUITY	$9.5B
Total Debt	$1.5B
Net Debt	$775M