← TRIMBLE INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $2.7b | $3.1b | $3.3b | $3.3b | $3.7b | $3.7b | $3.8b | $3.7b | $3.6b | $3.6b | |
| Cost of Revenue | $1.3b | $1.4b | $1.5b | $1.4b | $1.6b | $1.6b | $1.5b | $1.3b | $1.1b | $1.0b | |
| Cost of sales | — | — | — | $1.4b | $1.5b | $1.5b | $1.4b | — | $1.2b | $1.0b | |
| Total cost of sales | $1.3b | $1.4b | — | $1.5b | $1.4b | $1.6b | $1.5b | — | $1.3b | $1.1b | |
| Gross Profit (derived) | $1.4b | $1.7b | $1.8b | $1.9b | $2.0b | $2.1b | $2.3b | $2.4b | $2.5b | $2.6b | |
| Research and development | $370.2m | $446.1m | — | $469.7m | $475.9m | $542.1m | $664.3m | — | $662.3m | $630.7m | |
| Operating Expenses | $1.1b | $1.4b | $1.4b | — | $1.5b | $1.6b | $1.9b | $1.9b | $1.9b | — | |
| Operating Income (Loss) | $246.0m | $320.7m | $375.9m | $375.9m | $561.0m | $510.9m | $448.8m | $460.7m | $592.0m | $592.0m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $63.0m | $76.4m | $73.7m | — | $50.9m | $46.6m | $103.6m | $105.7m | $106.8m | — | |
| Capitalized Computer Software, Amortization | — | — | — | — | — | — | — | $16.3m | $21.0m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $3.3m | $500k | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $38.0m | $25.4m | $43.0m | — | $144.0m | $117.7m | $26.9m | $216.4m | $308.8m | — | |
| Income (Loss) from Equity Method Investments | $29.5m | $28.7m | $35.8m | — | $37.7m | $31.1m | $28.1m | ($48.1m) | ($200k) | — | |
| Amortization of purchased intangible assets | $63.0m | $76.4m | — | $73.7m | $65.5m | $46.6m | $103.6m | — | $105.7m | $106.8m | |
| Gross margin | $1.4b | $1.7b | — | $1.8b | $1.8b | $2.1b | $2.3b | — | $2.4b | $2.5b | |
| Sales and marketing | $404.2m | $479.8m | — | $504.2m | $467.0m | $553.6m | $583.0m | — | $603.8m | $646.0m | |
| General and administrative | $302.3m | $349.8m | — | $330.6m | $300.9m | $422.2m | $487.5m | — | $547.9m | $483.1m | |
| Restructuring | $6.9m | $8.2m | — | $26.8m | $25.8m | $30.2m | $45.6m | — | $15.9m | $19.3m | |
| Divestitures gain, net | — | — | — | — | $41.4m | $99.0m | $9.2m | — | $1.7b | $3.0m | |
| (Loss) income from equity method investments, net | $29.5m | $28.7m | — | $35.8m | $39.4m | $31.1m | $28.1m | — | ($48.1m) | ($200k) | |
| Other (loss) income, net | $5.3m | $1.3m | — | $15.5m | $13.4m | ($800k) | $31.9m | — | ($3.9m) | ($11.0m) | |
| Income tax provision | $137.9m | ($5.3m) | — | ($169.7m) | $4.4m | $119.4m | $45.7m | — | $501.5m | $85.4m | |
| Basic (in shares) | $252.1m | $250.0m | — | $250.8m | $250.5m | $248.6m | $247.9m | — | $245.5m | $239.2m | |
| Diluted (in shares) | $256.7m | $253.4m | — | $252.9m | $252.3m | $250.2m | $249.1m | — | $247.2m | $241.5m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | $574.6m | $569.1m | $357.0m | $2.0b | $509.4m | — | |
| Income before taxes | $259.1m | $278.0m | — | $344.8m | $395.0m | $569.1m | $357.0m | — | $2.0b | $509.4m | |
| Net Income (Loss) Attributable to Parent | $121.1m | $282.8m | $514.3m | $514.3m | $492.7m | $449.7m | $311.3m | $1.5b | $424.0m | $424.0m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $100k | $500k | $200k | — | $100k | $0 | $0 | — | — | — | |
| Earnings Per Share, Basic | $0.48 | $1.13 | $2.05 | $2.05 | $1.96 | $1.81 | $1.26 | $6.13 | $1.77 | $1.77 | |
| Earnings Per Share, Diluted | $0.47 | $1.12 | $2.03 | $2.03 | $1.94 | $1.80 | $1.25 | $6.09 | $1.76 | $1.76 | |
| Weighted Average Number of Shares Outstanding, Basic | 252.1m | 250.0m | 250.8m | — | 251.4m | 248.6m | 247.9m | 245.5m | 239.2m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 256.7m | 253.4m | 252.9m | — | 254.3m | 250.2m | 249.1m | 247.2m | 241.5m | — | |
| Research and Development Expense | $370.2m | $446.1m | $469.7m | — | $536.6m | $542.1m | $664.3m | $662.3m | $630.7m | — | |
| General and Administrative Expense | $302.3m | $349.8m | $330.6m | — | $369.1m | $422.2m | $487.5m | $547.9m | $483.1m | — | |
| Other Nonoperating Income (Expense) | $5.3m | $1.3m | $15.5m | — | $41.3m | ($800k) | $31.9m | ($3.9m) | ($11.0m) | — | |
| Business Combination, Acquisition Related Costs | $7.4m | $38.9m | $20.5m | — | $13.6m | $20.4m | $35.0m | $9.1m | $1.0m | — | |
| Nonoperating Income (Expense) | $13.1m | ($42.7m) | ($31.1m) | — | $13.6m | $58.2m | ($91.8m) | $1.5b | ($82.6m) | — | |
| Operating Lease, Expense | — | — | $38.3m | — | $35.5m | $36.3m | — | — | — | — | |
| Restructuring Costs | $10.5m | $8.7m | $27.9m | — | — | — | — | — | — | — | |
| Selling and Marketing Expense | $404.2m | $479.8m | $504.2m | — | $506.8m | $553.6m | $583.0m | $603.8m | $646.0m | — | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $74.4m | — | |
| Interest expense, net | ($25.0m) | ($73.2m) | — | ($82.4m) | ($77.6m) | ($71.1m) | ($161.0m) | — | ($90.7m) | ($74.4m) | |
| Interest Income (Expense), Net | ($25.0m) | ($73.2m) | ($82.4m) | — | ($65.4m) | ($71.1m) | ($161.0m) | — | — | — | |
| Interest Income (Expense), Nonoperating, Net | — | — | — | — | — | — | — | ($90.7m) | — | — | |
| Total operating expense | $1.1b | $1.4b | — | $1.4b | $1.3b | $1.6b | $1.9b | — | $1.9b | $1.9b | |
| Total non-operating (expense) income, net | $13.1m | ($42.7m) | — | ($31.1m) | ($24.8m) | $58.2m | ($91.8m) | — | $1.5b | ($82.6m) | |
| Income Tax Expense (Benefit) | $137.9m | ($5.3m) | ($169.7m) | — | $81.8m | $119.4m | $45.7m | $501.5m | $85.4m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.