TRIMBLE INC（TRMB）の決算・業績分析
TRIMBLE INCの2025年有価証券報告書をAI分析。売上高$3.6B(-2.6%)。営業利益$592M。Health Care。
目次
TRIMBLE INCの2025年度 業績サマリー
TRIMBLE INC（証券コード: TRMB）の2025年度決算・業績分析。売上高は$3.6B（前年比-2.6%）。営業利益は$592M（前年比+28.5%）。純利益は$424M（前年比-71.8%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
TRIMBLE INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue grew 0.5% YoY to $3.7B (XBRL), but operating income fell 8.9% YoY to $511M (XBRL) and net income declined 8.7% YoY to $450M (XBRL).
- Net debt reached $2.3B (3.4x EBITDA) (XBRL), with $2.5B in long-term debt (XBRL). Share repurchases totaled $395M (XBRL).
- R&D spending rose to $542M (XBRL), while CapEx remained low at $43M (XBRL) (CapEx/D&A ratio: 0.25x (XBRL)).
TRIMBLE INCの売上高変化の要因
- •Revenue grew 0.5% YoY to $3.7B (XBRL), maintaining a 5-year CAGR of 4.1% (XBRL). Operating income declined 8.9% YoY to $511M (XBRL), while net income fell 8.7% YoY to $450M (XBRL). Historical data shows revenue increased from $3.1B in FY2020 to $3.7B in FY2024, with FY2025 projected at $3.8B (XBRL). Operating income peaked at $561M in FY2023 before declining to $511M in FY2024 (XBRL).
TRIMBLE INCの営業利益変化の要因
- •Gross margin remained stable at 57.3% (XBRL), while operating margin fell to 13.9% (XBRL) and net margin to 12.2% (XBRL). EBITDA margin was 18.6% (XBRL). Operating income declined 8.9% YoY (from $561M in FY2023 to $511M in FY2024) (XBRL), and net income fell 8.7% YoY (from $493M in FY2023 to $450M in FY2024) (XBRL).
TRIMBLE INCの事業リスクと対応
Global economic/political instability impacts operations and revenue (10-K).
Supply chain disruptions from limited suppliers affect product availability and costs (10-K).
Trade barriers/tariffs increase costs and reduce competitiveness (10-K).
Geopolitical conflicts (e.g., Russia-Ukraine) disrupt component supply and raise costs (10-K).
Regulatory compliance challenges across jurisdictions risk legal issues and operational delays (10-K).
Ineffective IP protection in certain countries is a risk (10-K).
TRIMBLE INCの事業内容
Trimble Inc. (TRMB) provides technology solutions connecting workflows and asset lifecycles for industries like construction, geospatial, and transportation (10-K). Revenue is generated through software sales (subscriptions, licenses), cloud platform services, and integrated systems for fleet management, BIM, and AI-driven automation (10-K). Key products include BIM solutions, connected reality capture systems, fleet management software, AI/ML tools, geospatial/surveying technologies, and autonomous guidance systems (10-K). Competitive advantages include AI/ML integration, open industry cloud platforms, and vertically focused system-wide solutions (10-K). No significant customer concentration is reported (10-K).
TRIMBLE INCのAI業績分析レポート（2024年度）
Trimble Inc. (TRMB) FY2024 Annual Report Analysis
Highlights
Business Overview
Trimble Inc. provides technology solutions connecting workflows and asset lifecycles for industries like construction, geospatial, and transportation (10-K). Revenue is generated through software sales (subscriptions, licenses), cloud platform services, and integrated systems for fleet management, BIM, and AI-driven automation (10-K). Key products include BIM solutions, connected reality capture systems, fleet management software, AI/ML tools, geospatial/surveying technologies, and autonomous guidance systems (10-K). Competitive advantages include AI/ML integration, open industry cloud platforms, and vertically focused system-wide solutions (10-K). No significant customer concentration is reported (10-K).
Revenue Analysis
Revenue grew 0.5% YoY to $3.7B (XBRL), maintaining a 5-year CAGR of 4.1% (XBRL). Operating income declined 8.9% YoY to $511M (XBRL), while net income fell 8.7% YoY to $450M (XBRL). Historical data shows revenue increased from $3.1B in FY2020 to $3.7B in FY2024, with FY2025 projected at $3.8B (XBRL). Operating income peaked at $561M in FY2023 before declining to $511M in FY2024 (XBRL).
Profitability Analysis
Gross margin remained stable at 57.3% (XBRL), while operating margin fell to 13.9% (XBRL) and net margin to 12.2% (XBRL). EBITDA margin was 18.6% (XBRL). Operating income declined 8.9% YoY (from $561M in FY2023 to $511M in FY2024) (XBRL), and net income fell 8.7% YoY (from $493M in FY2023 to $450M in FY2024) (XBRL).
Balance Sheet Analysis
Equity ratio was 47.2% (XBRL), with debt-to-equity at 1.12x (XBRL). Current ratio was 1.00x (XBRL), indicating balanced liquidity. Total assets grew from $6.6B in FY2020 to $9.5B in FY2024 (XBRL), while total equity increased from $3.1B to $5.7B (XBRL). Net debt was $2.3B (3.4x EBITDA) (XBRL), with $2.5B in long-term debt (XBRL). Cash reserves stood at $230M (XBRL).
Cash Flow Analysis
Operating cash flow was $391M (XBRL), with free cash flow of $348M (XBRL) after $43M in CapEx (XBRL). Investing cash flow was -$226M (XBRL), and financing cash flow was -$199M (XBRL), driven by $395M in share repurchases (XBRL).
Working Capital Analysis
Cash conversion cycle (CCC) was 87 days (XBRL), with receivables days at 70, inventory days at 55, and payables days at 38 (XBRL).
Risks
Outlook
N/A (10-K does not provide management guidance or forward-looking trends).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 3.1B | 3.3B | 3.1B | 3.7B | 3.7B | 3.8B |
| Operating Income | 321M | 376M | 420M | 561M | 511M | 449M |
| Net Income | 283M | 514M | 390M | 493M | 450M | 311M |
| Total Assets | 6.6B | 6.9B | 7.1B | 7.3B | 9.5B | 9.5B |
| Total Equity | 3.1B | 3.6B | 3.9B | 4.1B | 4.5B | 5.7B |
| Operating Cash Flow | 487M | 585M | 672M | 750M | 391M | 597M |
Health Careの企業一覧
TRIMBLE INCと同じ「Health Care」セクターの企業