Garmin Ltd. (GRMN)
NYSE: GRMN · Real-Time Price · USD
289.48
+1.03 (0.36%)
Aug 26, 2026, 3:15 PM EDT - Market open
Garmin Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | Dec '25 Dec 27, 2025 | Dec '24 Dec 28, 2024 | Dec '23 Dec 30, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 25, 2021 |
Cash & Equivalents | 2,334 | 2,279 | 2,079 | 1,693 | 1,279 | 1,498 |
Short-Term Investments | 331.96 | 459.2 | 421.27 | 274.62 | 173.29 | 347.98 |
Cash & Short-Term Investments | 2,666 | 2,738 | 2,501 | 1,968 | 1,452 | 1,846 |
Cash Growth | 3.05% | 9.48% | 27.07% | 35.50% | -21.32% | -0.00% |
Accounts Receivable | 1,153 | 1,253 | 983.4 | 815.24 | 656.85 | 843.45 |
Other Receivables | 23.74 | 19.14 | - | - | - | - |
Receivables | 1,177 | 1,272 | 983.4 | 815.24 | 656.85 | 843.45 |
Inventory | 1,966 | 1,772 | 1,474 | 1,346 | 1,515 | 1,228 |
Prepaid Expenses | 485.74 | 448.41 | 353.99 | 318.56 | 315.92 | 328.72 |
Other Current Assets | 13.67 | 17.54 | 24.04 | 16.32 | 14.86 | 15.96 |
Total Current Assets | 6,309 | 6,248 | 5,336 | 4,464 | 3,955 | 4,262 |
Property, Plant & Equipment | 1,667 | 1,572 | 1,402 | 1,368 | 1,285 | 1,157 |
Long-Term Investments | 1,704 | 1,397 | 1,198 | 1,125 | 1,208 | 1,269 |
Goodwill | 748.47 | 760.24 | 603.95 | 608.47 | 567.99 | 575.08 |
Other Intangible Assets | 179.05 | 198.36 | 154.16 | 181.15 | 178.46 | 215.99 |
Long-Term Deferred Tax Assets | 717.8 | 718.09 | 822.52 | 754.64 | 441.07 | 260.21 |
Long-Term Deferred Charges | 3.93 | 4.37 | 6.9 | 11.06 | 9.83 | 12.36 |
Other Long-Term Assets | 95.82 | 95.92 | 106.97 | 91.11 | 85.26 | 103.38 |
Total Assets | 11,424 | 10,994 | 9,631 | 8,604 | 7,731 | 7,854 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | Dec '25 Dec 27, 2025 | Dec '24 Dec 28, 2024 | Dec '23 Dec 30, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 25, 2021 |
Accounts Payable | 401.32 | 347.49 | 359.37 | 253.79 | 212.42 | 370.05 |
Accrued Expenses | 520.71 | 607.96 | 508.19 | 506.72 | 446.11 | 538.37 |
Current Portion of Leases | 48.9 | 31.15 | 27.9 | 27.78 | 25.15 | 20.5 |
Current Income Taxes Payable | 326.08 | 381.55 | 294.58 | 225.48 | 246.18 | 128.08 |
Current Unearned Revenue | 106.96 | 105.65 | 111 | 101.19 | 91.09 | 87.65 |
Other Current Liabilities | 679.21 | 246.27 | 206.82 | 195.74 | 190.68 | 303.49 |
Total Current Liabilities | 2,083 | 1,720 | 1,508 | 1,311 | 1,212 | 1,448 |
Long-Term Leases | 177.96 | 164.84 | 134.89 | 113.04 | 114.54 | 70.04 |
Long-Term Unearned Revenue | 22.07 | 22.28 | 28.32 | 36.15 | 35.7 | 41.62 |
Long-Term Deferred Tax Liabilities | 107.37 | 109.7 | 103.27 | 114.68 | 129.97 | 117.6 |
Other Long-Term Liabilities | 4.31 | 4.22 | 7.79 | 16.96 | 34.99 | 62.86 |
Total Liabilities | 2,395 | 2,021 | 1,782 | 1,592 | 1,527 | 1,740 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | Dec '25 Dec 27, 2025 | Dec '24 Dec 28, 2024 | Dec '23 Dec 30, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 25, 2021 |
Common Stock | 19.49 | 19.49 | 19.49 | 19.59 | 17.98 | 17.98 |
Additional Paid-In Capital | 2,381 | 2,369 | 2,247 | 2,125 | 2,042 | 1,961 |
Retained Earnings | 7,107 | 6,970 | 5,999 | 5,264 | 4,734 | 4,321 |
Treasury Stock | -427.84 | -406.42 | -270.52 | -330.91 | -475.1 | -303.11 |
Comprehensive Income & Other | -50.52 | 20.65 | -147.24 | -65.61 | -114.53 | 117.84 |
Shareholders' Equity | 9,029 | 8,973 | 7,848 | 7,012 | 6,204 | 6,114 |
Total Liabilities & Equity | 11,424 | 10,994 | 9,631 | 8,604 | 7,731 | 7,854 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | Dec '25 Dec 27, 2025 | Dec '24 Dec 28, 2024 | Dec '23 Dec 30, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 25, 2021 |
Total Debt | 226.86 | 195.99 | 162.79 | 140.81 | 139.69 | 90.55 |
Net Cash (Debt) | 4,143 | 3,939 | 3,536 | 2,952 | 2,521 | 3,024 |
Net Cash Growth | 12.48% | 11.38% | 19.77% | 17.11% | -16.63% | 4.92% |
Net Cash Per Share | 21.40 | 20.34 | 18.30 | 15.37 | 13.06 | 15.67 |
Filing Date Shares Outstanding | 192.85 | 192.48 | 192.4 | 191.78 | 191.36 | 192.79 |
Total Common Shares Outstanding | 192.91 | 192.62 | 192.47 | 191.78 | 191.62 | 192.61 |
Working Capital | 4,225 | 4,528 | 3,828 | 3,153 | 2,744 | 2,814 |
Book Value Per Share | 46.80 | 46.58 | 40.78 | 36.56 | 32.38 | 31.74 |
Tangible Book Value | 8,101 | 8,014 | 7,090 | 6,222 | 5,458 | 5,323 |
Tangible Book Value Per Share | 42.00 | 41.61 | 36.84 | 32.45 | 28.48 | 27.64 |
Land | - | 191.9 | 184.88 | 201.29 | 193.86 | 206.9 |
Buildings | - | 1,110 | 982.49 | 934.84 | 856.72 | 763.65 |
Machinery | - | 1,366 | 1,209 | 1,119 | 1,001 | 917.56 |