Trimble Inc. (TRMB) vs Vontier Corporation (VNT)

Trimble Inc. and Vontier Corporation are both Scientific & Technical Instruments companies. Trimble Inc. is the larger, with a market value of $13.5B against $4.2B — 3.2× the size. Trimble Inc. has negative trailing earnings, so its P/E is not meaningful; Vontier Corporation trades at 13.0×. Trimble Inc. grew revenue faster over the last twelve months: 5.80% against 0.88%. Vontier Corporation has the higher net margin (11.3% vs −2.77%) and the higher return on invested capital (14.3% vs 6.32%). Across the 21 metrics below, Vontier Corporation leads on 14 and Trimble Inc. on 7.

Valuation

Metric TRMB VNT Scientific & Technical Instruments median
P/E n/m 12.95 35.93
P/S 3.56 1.43 4.46
P/B 2.64 3.66 3.00
Price to free cash flow 17.62 11.41 24.96
EV/EBITDA 17.43 8.23 19.60
EV/Sales 3.89 1.87 4.98
Earnings yield (0.81%) 7.72% 0.53%
Free cash flow yield 5.68% 8.76% 1.12%

Profitability

Metric TRMB VNT Scientific & Technical Instruments median
Gross margin 69.80% 47.18% 45.75%
Operating margin 16.99% 18.79% 7.34%
Net margin (2.77%) 11.34% 1.56%
Free cash flow margin 20.44% 12.55% 5.84%
Return on equity (1.94%) 28.90% 2.87%
Return on assets (1.19%) 8.28% 0.99%
Return on invested capital 6.32% 14.25% 3.88%

Growth

Metric TRMB VNT Scientific & Technical Instruments median
Revenue growth (TTM) 5.80% 0.88% 11.28%
EPS growth (last fiscal year) (71.10%) 0.36% —
Revenue growth, 5-year CAGR 2.65% 2.60% 7.89%
Net income growth, 5-year CAGR 1.69% 3.50% 0.00%

Health

Metric TRMB VNT Scientific & Technical Instruments median
Debt to equity 0.29 1.33 0.00
Current ratio 0.95 1.25 2.24
Net debt to EBITDA 1.44 1.60 0.44

Dividend

Metric TRMB VNT Scientific & Technical Instruments median
Dividend yield — 0.14% 0.72%
Payout ratio 0.00 0.05 0.00

Size

Metric TRMB VNT Scientific & Technical Instruments median
Market cap 13.51b 4.18b 483.67m

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