Trimble Inc.

TRMB

Financial Statements

Income Statement (Annual)

Amounts in millions

2025

1/3/2025

Revenue

3,683

Cost of Revenue

1,287

Gross Profit

2,396

Gross Margin

65.1%

Operating Income

461

Operating Margin

12.5%

Net Income

1,504

Net Margin

40.8%

EPS (Basic)

$6.13

EPS (Diluted)

$6.09

EBITDA

2,329

EBITDA Margin

63.2%

2023

12/31/2023

Revenue

3,799

Cost of Revenue

1,466

Gross Profit

2,333

Gross Margin

61.4%

Operating Income

449

Operating Margin

11.8%

Net Income

311

Net Margin

8.2%

EPS (Basic)

$1.26

EPS (Diluted)

$1.25

EBITDA

769

EBITDA Margin

20.2%

2022

12/31/2022

Revenue

3,676

Cost of Revenue

1,571

Gross Profit

2,106

Gross Margin

57.3%

Operating Income

511

Operating Margin

13.9%

Net Income

450

Net Margin

12.2%

EPS (Basic)

$1.81

EPS (Diluted)

$1.80

EBITDA

747

EBITDA Margin

20.3%

2021

12/31/2021

Revenue

3,659

Cost of Revenue

1,624

Gross Profit

2,035

Gross Margin

55.6%

Operating Income

561

Operating Margin

15.3%

Net Income

493

Net Margin

13.5%

EPS (Basic)

$1.96

EPS (Diluted)

$1.94

EBITDA

820

EBITDA Margin

22.4%

2020

12/31/2020

Revenue

3,148

Cost of Revenue

1,393

Gross Profit

1,755

Gross Margin

55.8%

Operating Income

420

Operating Margin

13.3%

Net Income

390

Net Margin

12.4%

EPS (Basic)

$1.56

EPS (Diluted)

$1.55

EBITDA

693

EBITDA Margin

22.0%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2025	2023	2022	2021	2020
Revenue	3,683	3,799	3,676	3,659	3,148
Cost of Revenue	1,287	1,466	1,571	1,624	1,393
Gross Profit	2,396	2,333	2,106	2,035	1,755
Gross Margin	65.1%	61.4%	57.3%	55.6%	55.8%
Operating Income	461	449	511	561	420
Operating Margin	12.5%	11.8%	13.9%	15.3%	13.3%
Net Income	1,504	311	450	493	390
Net Margin	40.8%	8.2%	12.2%	13.5%	12.4%
EPS (Basic)	$6.13	$1.26	$1.81	$1.96	$1.56
EPS (Diluted)	$6.09	$1.25	$1.80	$1.94	$1.55
EBITDA	2,329	769	747	820	693
EBITDA Margin	63.2%	20.2%	20.3%	22.4%	22.0%