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Side-by-side financial comparison of Trimble Inc. (TRMB) and TXNM ENERGY INC (TXNM). Click either name above to swap in a different company.

Trimble Inc. is the larger business by last-quarter revenue ($969.8M vs $506.4M, roughly 1.9× TXNM ENERGY INC). Trimble Inc. runs the higher net margin — 16.1% vs -1.0%, a 17.2% gap on every dollar of revenue. On growth, TXNM ENERGY INC posted the faster year-over-year revenue change (5.3% vs -73.7%). Trimble Inc. produced more free cash flow last quarter ($360.9M vs $-152.1M). Over the past eight quarters, TXNM ENERGY INC's revenue compounded faster (8.4% CAGR vs 0.9%).

Trimble Inc. is an American software, hardware, and services technology company that was founded in 1978. Its headquarters is in Westminster, Colorado. It is publicly traded on the Nasdaq and listed on the S&P 500. Trimble develops hardware and software for a variety of business sectors including architecture, engineering, and construction (AEC); surveying, mapping, and geomatics (geospatial); and transportation and logistics (T&L).

TXNM Energy, Inc. is an energy holding company based in Albuquerque, New Mexico. TXNM was founded in 1917 as the Albuquerque Gas and Electric Company. TXNM Energy owns both PNM and Texas - New Mexico Power (TNMP)

TRMB vs TXNM — Head-to-Head

Bigger by revenue
TRMB
TRMB
1.9× larger
TRMB
$969.8M
$506.4M
TXNM
Growing faster (revenue YoY)
TXNM
TXNM
+79.0% gap
TXNM
5.3%
-73.7%
TRMB
Higher net margin
TRMB
TRMB
17.2% more per $
TRMB
16.1%
-1.0%
TXNM
More free cash flow
TRMB
TRMB
$513.0M more FCF
TRMB
$360.9M
$-152.1M
TXNM
Faster 2-yr revenue CAGR
TXNM
TXNM
Annualised
TXNM
8.4%
0.9%
TRMB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TRMB
TRMB
TXNM
TXNM
Revenue
$969.8M
$506.4M
Net Profit
$156.6M
$-5.3M
Gross Margin
72.0%
Operating Margin
22.3%
18.5%
Net Margin
16.1%
-1.0%
Revenue YoY
-73.7%
5.3%
Net Profit YoY
73.6%
-126.4%
EPS (diluted)
$0.65
$-0.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
TRMB
TRMB
TXNM
TXNM
Q4 25
$901.2M
$506.4M
Q3 25
$875.7M
$656.3M
Q2 25
$840.6M
$493.8M
Q1 25
$983.4M
$480.4M
Q4 24
$481.0M
Q3 24
$875.8M
$574.3M
Q2 24
$870.8M
$473.2M
Q1 24
$953.3M
$431.1M
Net Profit
TRMB
TRMB
TXNM
TXNM
Q4 25
$111.5M
$-5.3M
Q3 25
$89.2M
$136.3M
Q2 25
$66.7M
$26.0M
Q1 25
$90.2M
$12.8M
Q4 24
$20.0M
Q3 24
$40.6M
$136.4M
Q2 24
$1.3B
$52.0M
Q1 24
$57.2M
$50.4M
Gross Margin
TRMB
TRMB
TXNM
TXNM
Q4 25
68.9%
Q3 25
68.3%
Q2 25
66.7%
Q1 25
69.3%
Q4 24
Q3 24
65.7%
51.8%
Q2 24
62.7%
41.9%
Q1 24
62.3%
40.8%
Operating Margin
TRMB
TRMB
TXNM
TXNM
Q4 25
16.7%
18.5%
Q3 25
14.6%
30.9%
Q2 25
11.6%
14.7%
Q1 25
17.6%
15.0%
Q4 24
15.8%
Q3 24
13.3%
33.3%
Q2 24
7.1%
22.3%
Q1 24
11.5%
18.7%
Net Margin
TRMB
TRMB
TXNM
TXNM
Q4 25
12.4%
-1.0%
Q3 25
10.2%
20.8%
Q2 25
7.9%
5.3%
Q1 25
9.2%
2.7%
Q4 24
4.2%
Q3 24
4.6%
23.7%
Q2 24
151.2%
11.0%
Q1 24
6.0%
11.7%
EPS (diluted)
TRMB
TRMB
TXNM
TXNM
Q4 25
$0.46
$-0.06
Q3 25
$0.37
$1.22
Q2 25
$0.27
$0.22
Q1 25
$0.36
$0.10
Q4 24
$0.17
Q3 24
$0.16
$1.45
Q2 24
$5.34
$0.53
Q1 24
$0.23
$0.52

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
TRMB
TRMB
TXNM
TXNM
Cash + ST InvestmentsLiquidity on hand
$253.4M
$18.3M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$5.8B
$3.4B
Total Assets
$9.3B
$12.1B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TRMB
TRMB
TXNM
TXNM
Q4 25
$232.7M
$18.3M
Q3 25
$265.9M
$32.1M
Q2 25
$290.0M
$22.2M
Q1 25
$738.8M
$6.1M
Q4 24
$4.5M
Q3 24
$1.0B
$7.2M
Q2 24
$944.1M
$3.2M
Q1 24
$255.1M
$3.0M
Total Debt
TRMB
TRMB
TXNM
TXNM
Q4 25
$1.4B
Q3 25
Q2 25
Q1 25
$1.4B
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
TRMB
TRMB
TXNM
TXNM
Q4 25
$5.8B
$3.4B
Q3 25
$5.7B
$3.4B
Q2 25
$5.4B
$3.2B
Q1 25
$5.7B
$2.5B
Q4 24
$2.5B
Q3 24
$5.9B
$2.5B
Q2 24
$5.6B
$2.4B
Q1 24
$4.3B
$2.4B
Total Assets
TRMB
TRMB
TXNM
TXNM
Q4 25
$9.0B
$12.1B
Q3 25
$9.1B
$12.0B
Q2 25
$8.9B
$11.7B
Q1 25
$9.5B
$11.4B
Q4 24
$11.2B
Q3 24
$9.9B
$10.8B
Q2 24
$9.6B
$10.6B
Q1 24
$9.3B
$10.3B
Debt / Equity
TRMB
TRMB
TXNM
TXNM
Q4 25
0.24×
Q3 25
Q2 25
Q1 25
0.24×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
TRMB
TRMB
TXNM
TXNM
Operating Cash FlowLast quarter
$386.2M
$157.7M
Free Cash FlowOCF − Capex
$360.9M
$-152.1M
FCF MarginFCF / Revenue
37.2%
-30.0%
Capex IntensityCapex / Revenue
2.6%
61.2%
Cash ConversionOCF / Net Profit
2.47×
TTM Free Cash FlowTrailing 4 quarters
$-611.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TRMB
TRMB
TXNM
TXNM
Q4 25
$157.7M
Q3 25
$123.8M
$282.0M
Q2 25
$155.6M
$3.5M
Q1 25
$115.1M
$141.3M
Q4 24
$158.6M
Q3 24
$94.9M
$180.0M
Q2 24
$87.6M
$76.7M
Q1 24
$233.8M
$92.8M
Free Cash Flow
TRMB
TRMB
TXNM
TXNM
Q4 25
$-152.1M
Q3 25
$116.6M
$4.7M
Q2 25
$149.0M
$-262.6M
Q1 25
$109.0M
$-201.4M
Q4 24
$-182.9M
Q3 24
$88.5M
$-143.7M
Q2 24
$73.3M
$-216.0M
Q1 24
$227.0M
$-196.3M
FCF Margin
TRMB
TRMB
TXNM
TXNM
Q4 25
-30.0%
Q3 25
13.3%
0.7%
Q2 25
17.7%
-53.2%
Q1 25
11.1%
-41.9%
Q4 24
-38.0%
Q3 24
10.1%
-25.0%
Q2 24
8.4%
-45.6%
Q1 24
23.8%
-45.5%
Capex Intensity
TRMB
TRMB
TXNM
TXNM
Q4 25
61.2%
Q3 25
0.8%
42.3%
Q2 25
0.8%
53.9%
Q1 25
0.6%
71.3%
Q4 24
71.0%
Q3 24
0.7%
56.4%
Q2 24
1.6%
61.9%
Q1 24
0.7%
67.1%
Cash Conversion
TRMB
TRMB
TXNM
TXNM
Q4 25
Q3 25
1.39×
2.07×
Q2 25
2.33×
0.14×
Q1 25
1.28×
11.04×
Q4 24
7.93×
Q3 24
2.34×
1.32×
Q2 24
0.07×
1.48×
Q1 24
4.09×
1.84×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

TRMB
TRMB

Subscription and services$701.5M72%
Product$268.3M28%

TXNM
TXNM

Electricity$348.8M69%
Other$89.3M18%
Electric Transmission Service$40.4M8%
Wholesale Energy Sales$26.2M5%
Miscellaneous Revenue From Contracts With Customers$1.7M0%

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