TRMB vs Topcon Stock Comparison: AI Score, Valuation, Performance and Upside
TRMB (Trimble) and Topcon are competing precision positioning and construction technology companies — both provide GPS/GNSS-based machine control and surveying solutions for construction and agriculture, with Trimble leading in North American construction software platforms and agriculture precision farming, while Topcon leads in optical surveying instruments and has a significant eye care diagnostic equipment business. Topcon is Japanese-listed with currency exposure; Trimble is U.S.-listed and further along in software transformation.
Trimble vs Topcon is U.S. construction/agriculture technology software platform transformation (Trimble's shift from GPS hardware to recurring cloud software subscriptions for construction workflows and precision farming) versus Japanese precision instruments and construction technology company (Topcon's optical surveying heritage plus machine control with an additional healthcare dimension in eye care diagnostics).
TRMB and 7732.T are closely matched — they split the tracked metrics evenly.
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want U.S.-listed precision positioning and construction technology software exposure — Trimble's transformation toward recurring ARR from construction workflow software and agriculture precision farming subscriptions
- Value Trimble's construction digital transformation platform connecting BIM design to machine control in the field as a growing software revenue opportunity in the large construction industry
- Prefer a U.S.-listed company with straightforward USD-denominated revenue versus a Japanese-listed competitor with JPY/USD currency translation exposure
- Want exposure to Topcon's precision instruments franchise including optical surveying equipment, construction machine control, and a growing ophthalmic diagnostic equipment business serving eye care professionals globally
- Value geographic and business model diversification — Topcon's presence in Japan, Asia, and globally through precision instruments and eye care provides different market dynamics than Trimble's North American construction software concentration
- Accept the Japanese stock market listing, lower U.S. investor familiarity, and currency exposure as part of international diversification in precision technology instruments
| Metric | TRMB | 7732.T |
|---|---|---|
| AI scorei | 37.8 | N/A |
| AI ranki | #1325 | N/A |
| Latest closei | $59.46 | N/A |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | TRMB | 7732.T |
|---|---|---|
| 1Y ago | $7.64K (-23.6%) started 2025-10-16 | N/A |
| 5Y ago | $6.98K (-30.2%) started 2021-10-18 | N/A |
| 10Y ago | $20.48K (+104.8%) started 2016-10-17 | N/A |
Hypothetical — past performance does not guarantee future results.
| Metric | TRMB | 7732.T |
|---|---|---|
| Market capi | $14.23B | N/A |
| Trailing P/Ei | 31.16 | N/A |
| Forward P/Ei | 14.80 | N/A |
| Price/Salesi | 4.83 | N/A |
| EV/Revenuei | 4.09 | N/A |
| Analyst targeti | $80.18 | N/A |
| Target upsidei | +31.42% | N/A |
| Metric | TRMB | 7732.T |
|---|---|---|
| Revenue growthi | 11.00% | N/A |
| Earnings growthi | 55.60% | N/A |
| EPS growthi | +55.60% | N/A |
| FCF margini | +18.14% | N/A |
| Operating margini | 15.13% | N/A |
| Profit margini | -2.77% | N/A |
| ROIC proxyi | -1.94% | N/A |
| Return on equityi | -1.94% | N/A |
| Dividend yieldi | N/A | N/A |
| Payout ratioi | 0.00% | N/A |
| Dividend growth streaki | N/A | N/A |
| Betai | 1.36 | N/A |
| Debt/equityi | 28.55 | N/A |
| Current ratioi | 0.95 | N/A |
| Quick ratioi | 0.58 | N/A |
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | TRMB | 7732.T |
|---|---|---|---|
| 1Y | Growthi | -23.64% | N/A |
| CAGRi | -23.67% | N/A | |
| Volatilityi | 31.77% | N/A | |
| Sharpe ratioi | -0.83 | N/A | |
| Sortino ratioi | -1.09 | N/A | |
| Max drawdowni | 41.49% | N/A | |
| Current drawdowni | 28.81% | N/A | |
| Avg drawdowni | 21.34% | N/A | |
| Ulcer Indexi | 24.70% | N/A | |
| Max daily dropi | 7.24% | N/A | |
| Max wkly dropi | 17.35% | N/A | |
| 5Y | Growthi | -30.21% | N/A |
| CAGRi | -6.95% | N/A | |
| Volatilityi | 33.42% | N/A | |
| Sharpe ratioi | -0.18 | N/A | |
| Sortino ratioi | -0.26 | N/A | |
| Max drawdowni | 54.28% | N/A | |
| Current drawdowni | 33.40% | N/A | |
| Avg drawdowni | 29.11% | N/A | |
| Ulcer Indexi | 31.72% | N/A | |
| Max daily dropi | 13.09% | N/A | |
| Max wkly dropi | 17.35% | N/A | |
| 10Y | Growthi | +104.82% | N/A |
| CAGRi | +7.44% | N/A | |
| Volatilityi | 33.79% | N/A | |
| Sharpe ratioi | 0.25 | N/A | |
| Sortino ratioi | 0.35 | N/A | |
| Max drawdowni | 57.35% | N/A | |
| Current drawdowni | 37.88% | N/A | |
| Avg drawdowni | 21.45% | N/A | |
| Ulcer Indexi | 26.87% | N/A | |
| Max daily dropi | 18.60% | N/A | |
| Max wkly dropi | 38.07% | N/A |
| Category | TRMB | 7732.T |
|---|---|---|
| Company | Trimble Inc. | Topcon Corporation (7732.T) |
| Sector | Technology | Technology - Precision Instruments (Japan) |
| Industry | Scientific & Technical Instruments | N/A |
| Core business | Trimble provides positioning, modeling, and workflow software solutions for construction, agriculture, transportation, and geospatial markets — integrating GPS/GNSS positioning with sensors, software, and cloud platforms to improve productivity and reduce costs in physical work. Trimble is transforming from a hardware company to a software and services business through its Trimble Works Transformation strategy. | Topcon Corporation is a Japanese precision instruments company providing positioning technology (GNSS/GPS systems), optical surveying instruments (total stations, levels, laser scanners), machine control systems for construction equipment, and ophthalmic diagnostic instruments for eye care professionals. Topcon is listed on the Tokyo Stock Exchange (ticker: 7732). |
| Investor focus | Investors track Trimble's Annual Recurring Revenue (ARR) growth as software and subscriptions displace one-time hardware sales, the construction productivity software platform (Trimble Construction One), agriculture precision farming subscriptions, margins as software mix increases, and the transformation timeline toward a recurring revenue model. | International investors evaluate Topcon on its construction and positioning technology revenue, agriculture positioning systems, smart infrastructure solutions, eye care diagnostic equipment as a growing healthcare segment, and the JPY/USD currency impact on international sales. Topcon's ADR or international shares are less liquid than Trimble's U.S.-listed stock. |
- Software transformation — Trimble is converting from selling GPS hardware to selling integrated cloud software platforms (Trimble Construction One for construction workflows, Agriculture software for crop planning), increasing ARR and improving the recurring revenue profile
- Construction productivity platform — Trimble's connected site solutions (machine control, surveying, BIM) connect the office (design/BIM) to field (machines, workers) in a digital workflow that reduces rework and improves construction efficiency
- Agriculture precision farming platform — Trimble's farming software, AutoSteering systems, and yield mapping provide integrated precision agriculture solutions that improve input efficiency and crop yields
- Optical surveying instrument heritage — Topcon's total stations and laser levels have decades of professional surveyor loyalty; precision optical manufacturing expertise developed for surveying instruments also supports the ophthalmic equipment business
- Machine control solutions for construction — Topcon's MAGNET software and machine control systems guide excavators, graders, and pavers using GNSS positioning, competing directly with Trimble's heavy equipment control systems
- Eye care diagnostic diversification — Topcon's fundus cameras, OCT systems, and visual field analyzers for ophthalmologists provide a healthcare revenue stream independent of construction and agriculture cycles
- Hardware to software transition takes time — construction and agricultural customers purchasing Trimble software must change decades-old workflows; adoption can be slower than expected
- Competitive pressure from John Deere (Operations Center, Precision Ag), CNH (AFS/PLM), and Leica Geosystems (Hexagon) in segments where Trimble has established market positions
- Construction and agricultural end market cycles affect Trimble — building and farming capex downturns reduce both hardware sales and new software subscriptions
- Japan listing and currency — Topcon's primary listing is on the Tokyo Stock Exchange; non-Japanese investors face JPY/USD currency risk and lower liquidity than U.S.-listed alternatives
- Smaller scale and lower profile than Trimble in the North American construction technology market, where Trimble has a stronger established position
- Competition in machine control from Trimble, Leica Geosystems (Hexagon), and increasingly from equipment manufacturers (Komatsu Smart Construction, Caterpillar Grade Control) building machine control into equipment directly
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