Garmin Ltd. (GRMN)
NYSE: GRMN · Real-Time Price · USD
304.05
+1.50 (0.50%)
Aug 6, 2026, 1:12 PM EDT - Market open

Garmin Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
7,6717,2466,2975,2284,8604,983
Revenue Growth
13.51%15.07%20.44%7.57%-2.46%19.02%
Gross Profit
4,6094,2563,6973,0052,8072,890
Operating Income
2,1181,8761,5941,0921,0281,219
Net Income
1,8771,6641,4111,290973.591,082
Earnings Per Share
9.708.597.306.715.045.61
EPS Growth
19.61%17.67%8.79%33.13%-10.16%8.51%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Fitness
2,6702,3571,7741,3451,1091,534
Outdoor
2,0252,0541,9621,6971,7701,282
Aviation
1,047987.16876.61846.33792.8712.47
Marine
1,2601,1831,073916.91903.98875.15
Auto OEM
667.89664.68610.62423.22283.81254.72
Revenue (Total)
7,6717,2466,2975,2284,8604,983

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
2,6662,7382,5011,9681,4521,846
Total Debt
177.96164.84134.89113.04114.5470.04
Net Cash (Debt)
2,4882,5732,3661,8551,3381,776
Net Cash Growth
2.03%8.76%27.54%38.65%-24.66%0.33%
Net Cash Per Share
12.8513.2912.249.666.939.20

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
1,9791,6331,4321,376788.261,012
Capital Expenditures
-379.1-270.45-193.57-193.52-244.29-307.65
Free Cash Flow
1,6001,3631,2391,183543.97704.78
Free Cash Flow Growth
41.98%10.01%4.75%117.43%-22.82%-25.80%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
60.08%58.74%58.70%57.48%57.75%58.01%
Operating Margin
27.61%25.89%25.31%20.89%21.15%24.46%
Pretax Margin
29.57%27.80%26.92%22.96%21.91%24.22%
Profit Margin
24.47%22.96%22.41%24.67%20.03%21.72%
FCF Margin
20.85%18.81%19.67%22.62%11.19%14.14%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
4.2003.6003.0002.9202.9202.680
Dividend Per Share Growth
18.18%20.00%2.74%0%8.96%9.84%
Dividend Yield
1.39%1.68%1.42%2.27%3.82%1.90%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
31.3023.9228.6819.1618.3123.97
Forward PE
30.0624.2728.6423.7818.8123.45
P/FCF Ratio
36.8729.0432.5220.8432.5136.75
PS Ratio
7.695.466.404.713.645.20