TRMB vs. CF

Last updated Jun 4, 2026

TRMB (Trimble Inc.) and CF (CF Industries Holdings, Inc.) are both stocks. TRMB operates in Scientific & Technical Instruments (Technology), while CF operates in Agricultural Inputs (Basic Materials). Over the past 10 years, TRMB returned 7.91%/yr vs 18.28%/yr for CF. At a 0.30 correlation, their price movements are largely independent.

Performance

TRMB vs. CF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Trimble Inc. (TRMB) and CF Industries Holdings, Inc. (CF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TRMB achieves a -29.14% return, which is significantly lower than CF's 52.19% return. Over the past 10 years, TRMB has underperformed CF with an annualized return of 7.91%, while CF has yielded a comparatively higher 18.28% annualized return.

TRMB

• 1D: -3.84%
• 1M: -18.97%
• YTD: -29.14%
• 6M: -32.57%
• 1Y: -22.59%
• 3Y*: 3.86%
• 5Y*: -7.00%
• 10Y*: 7.91%

CF

• 1D: 2.75%
• 1M: -7.00%
• YTD: 52.19%
• 6M: 48.44%
• 1Y: 29.01%
• 3Y*: 25.68%
• 5Y*: 18.55%
• 10Y*: 18.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TRMB vs. CF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRMB Trimble Inc.	-29.14%	10.88%	32.82%	5.22%	-42.01%	30.58%	60.16%	26.68%	-19.02%	34.79%
CF CF Industries Holdings, Inc.	52.19%	-7.17%	10.08%	-4.75%	22.29%	87.18%	-15.76%	12.73%	5.13%	40.24%

Correlation

The correlation between TRMB and CF is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Aug 12, 2005	0.30

The correlation between TRMB and CF shifts across timeframes, from -0.10 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TRMB : $13.15B CF : $18.01B
EPS TRMB : $1.91 CF : $11.08
PE Ratio TRMB : 29.11 CF : 10.53
PEG Ratio TRMB : 0.42 CF : 0.17
PS Ratio TRMB : 3.60 CF : 2.50
PB Ratio TRMB : 2.33 CF : 2.18
Total Revenue (TTM) TRMB : $3.69B CF : $7.41B
Gross Profit (TTM) TRMB : $2.54B CF : $2.99B
EBITDA (TTM) TRMB : $756.80M CF : $2.60B

Return for Risk

TRMB vs. CF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TRMB

TRMB Risk / Return Rank: 11
TRMB Sharpe Ratio Rank: 9
TRMB Sortino Ratio Rank: 12
TRMB Omega Ratio Rank: 12
TRMB Calmar Ratio Rank: 18
TRMB Martin Ratio Rank: 6

CF

CF Risk / Return Rank: 60
CF Sharpe Ratio Rank: 63
CF Sortino Ratio Rank: 58
CF Omega Ratio Rank: 57
CF Calmar Ratio Rank: 64
CF Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TRMB vs. CF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Trimble Inc. (TRMB) and CF Industries Holdings, Inc. (CF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TRMB	CF	Difference
Sharpe ratio Return per unit of total volatility	-0.79	0.70	-1.48
Sortino ratio Return per unit of downside risk	-0.94	1.23	-2.17
Omega ratio Gain probability vs. loss probability	0.88	1.15	-0.27
Calmar ratio Return relative to maximum drawdown	-0.63	1.17	-1.80
Martin ratio Return relative to average drawdown	-1.46	2.09	-3.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRMB vs. CF - Sharpe Ratio Comparison

The current TRMB Sharpe Ratio is -0.79, which is lower than the CF Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of TRMB and CF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TRMB	CF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.79	0.70	-1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	0.49	-0.70
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.45	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.47	-0.26

Drawdowns

TRMB vs. CF - Drawdown Comparison

The maximum TRMB drawdown since its inception was -87.23%, which is greater than CF's maximum drawdown of -76.73%. Use the drawdown chart below to compare losses from any high point for TRMB and CF.

Drawdown Indicators

	TRMB	CF	Difference
Max Drawdown Largest peak-to-trough decline	-87.23%	-76.73%	-10.50%
Max Drawdown (1Y) Largest decline over 1 year	-35.99%	-24.87%	-11.12%
Max Drawdown (3Y) Largest decline over 3 years	-35.99%	-29.16%	-6.83%
Max Drawdown (5Y) Largest decline over 5 years	-57.35%	-48.36%	-8.99%
Max Drawdown (10Y) Largest decline over 10 years	-57.35%	-60.74%	+3.39%
Current Drawdown Current decline from peak	-42.00%	-14.92%	-27.08%
Average Drawdown Average peak-to-trough decline	-31.37%	-24.94%	-6.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.46%	13.92%	+1.54%

Volatility

TRMB vs. CF - Volatility Comparison

The current volatility for Trimble Inc. (TRMB) is 11.79%, while CF Industries Holdings, Inc. (CF) has a volatility of 15.00%. This indicates that TRMB experiences smaller price fluctuations and is considered to be less risky than CF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRMB	CF	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.79%	15.00%	-3.21%
Volatility (6M) Calculated over the trailing 6-month period	23.08%	35.09%	-12.01%
Volatility (1Y) Calculated over the trailing 1-year period	28.80%	41.88%	-13.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.79%	38.16%	-5.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.61%	40.41%	-6.80%

Dividends

TRMB vs. CF - Dividend Comparison

TRMB has not paid dividends to shareholders, while CF's dividend yield for the trailing twelve months is around 1.72%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CF CF Industries Holdings, Inc.	1.72%	2.59%	2.34%	2.01%	1.76%	1.70%	3.10%	2.51%	2.76%	2.82%	3.81%	2.94%
TRMB Trimble Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

TRMB vs. CF - Profitability Comparison

The chart below illustrates the profitability comparison between Trimble Inc. and CF Industries Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TRMB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Trimble Inc. reported a gross profit of 646.30M and revenue of 939.90M. Therefore, the gross margin over that period was 68.8%.

CF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CF Industries Holdings, Inc. reported a gross profit of 746.00M and revenue of 1.99B. Therefore, the gross margin over that period was 37.6%.

TRMB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Trimble Inc. reported an operating income of 144.00M and revenue of 939.90M, resulting in an operating margin of 15.3%.

CF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CF Industries Holdings, Inc. reported an operating income of 6.00M and revenue of 1.99B, resulting in an operating margin of 0.3%.

TRMB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Trimble Inc. reported a net income of 98.90M and revenue of 939.90M, resulting in a net margin of 10.5%.

CF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CF Industries Holdings, Inc. reported a net income of 615.00M and revenue of 1.99B, resulting in a net margin of 31.0%.

Frequently Asked Questions

Can I hold both TRMB and CF in my portfolio?

TRMB and CF have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRMB or CF?

CF has higher volatility (15.00%) compared to TRMB (11.79%). In terms of maximum drawdown, TRMB dropped -87.23% vs CF's -76.73%.

Which has better risk-adjusted returns?

CF currently has the higher Sharpe Ratio (0.70 vs -0.79), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.