Garmin Ltd. (GRMN)

Garmin Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 28, 2026	Dec 27, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021
Cash & Equivalents	2,290	2,279	2,079	1,693	1,279	1,498
Short-Term Investments	411.03	459.2	421.27	274.62	173.29	347.98
Cash & Short-Term Investments	2,701	2,738	2,501	1,968	1,452	1,846
Cash Growth	0.99%	9.48%	27.07%	35.50%	-21.32%	-0.00%
Accounts Receivable	940.96	1,253	983.4	815.24	656.85	843.45
Inventory	1,850	1,772	1,474	1,346	1,515	1,228
Other Current Assets	504.98	485.1	378.03	334.87	330.78	344.68
Total Current Assets	5,997	6,248	5,336	4,464	3,955	4,262
Net Property, Plant & Equipment	1,587	1,572	1,402	1,368	1,285	1,157
Other Intangible Assets	186.87	198.36	154.16	181.15	178.46	215.99
Goodwill	750.63	760.24	603.95	608.47	567.99	575.08
Long-Term Investments	1,612	1,397	1,198	1,125	1,208	1,269
Other Long-Term Assets	818.29	818.39	936.39	856.8	536.16	375.95
Total Assets	10,952	10,994	9,631	8,604	7,731	7,854
Accounts Payable	344.72	347.49	359.37	253.79	212.42	370.05
Accrued Expenses	621.38	712.03	598.57	590.24	522.21	604.34
Unearned Revenue	100.84	105.65	111	101.19	91.09	87.65
Other Current Liabilities	308.3	554.9	438.93	365.47	385.91	386.11
Total Current Liabilities	1,375	1,720	1,508	1,311	1,212	1,448
Long-Term Leases	167.61	164.84	134.89	113.04	114.54	70.04
Other Long-Term Liabilities	138.56	136.2	139.39	167.79	200.65	222.08
Total Long-Term Liabilities	306.17	301.03	274.27	280.82	315.2	292.12
Total Liabilities	1,681	2,021	1,782	1,592	1,527	1,740
Common Stock	19.49	19.49	19.49	19.59	17.98	17.98
Treasury Stock	-415.6	-406.42	-270.52	-330.91	-475.1	-303.11
Additional Paid-in Capital	2,335	2,369	2,247	2,125	2,042	1,961
Accumulated Other Comprehensive Income	-42.96	20.65	-147.24	-65.61	-114.53	117.84
Retained Earnings	7,375	6,970	5,999	5,264	4,734	4,321
Shareholders' Equity	9,271	8,973	7,848	7,012	6,204	6,114
Total Liabilities & Equity	10,952	10,994	9,631	8,604	7,731	7,854
Total Debt	167.61	164.84	134.89	113.04	114.54	70.04
Net Cash (Debt)	2,533	2,573	2,366	1,855	1,338	1,776
Net Cash Growth	-1.54%	8.76%	27.54%	38.65%	-24.66%	0.33%
Net Cash Per Share	13.09	13.29	12.24	9.66	6.93	9.20
Book Value	9,271	8,973	7,848	7,012	6,204	6,114
Book Value Per Share	47.89	46.34	40.61	36.51	32.14	31.67
Tangible Book Value	8,334	8,014	7,090	6,222	5,458	5,323
Tangible Book Value Per Share	43.05	41.39	36.68	32.40	28.27	27.57

Updated Apr 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q