Trimble Inc. — Earnings Quality Grade F
TRMB · Technology
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO surged by 15 days (72 → 87)
AR outpaced revenue for 2 consecutive years
Revenue -2.6%, CFFO -27.3%. Cash follows revenue
Expense Quality
Inventory -4.1% vs COGS -13.8%. Normal
CapEx growth -24.7% vs revenue -2.6%. Normal
SG&A/Gross Profit = 45.6%. Normal
Gross margin 69.1%, change +4.0pp. Stable
Cash Flow Quality
CFFO/NI = 0.91. Profits backed by cash
FCF $0.4B, FCF/NI = 0.85
Accruals ratio = 0.4%. Low accruals
Cash $0.3B covers only 18% of debt $1.4B
Balance Sheet Health
Goodwill+Intangibles $6.2B = 106% of equity. Over 50%
Debt/EBITDA = 1.8x. Healthy
Other assets 19.4% vs revenue -2.6%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 3% YoY. Normal
Manipulation Score
M-Score = -2.26 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10