GRMN · Garmin Ltd · Financials

$271.35 -0.83 (-0.30%)

S&P 500 member Russell 1000 member Rebalance outlook locked

Market Cap

$53.04B

192.86M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Pull these statements through the financial statements API or MCP →

Revenue

$7.25B +15.1%

FY2025

Net Income

$1.66B +17.9%

FY2025

Gross Margin

58.74% 0pp

FY2025

Operating Margin

25.89% +0.6pp

FY2025

Diluted EPS

$8.59 +17.7%

FY2025

Operating Cash Flow

$1.63B +14%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	FY2026 (G)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007
Revenue	+14.2%	+11.6%	+9.9%	$8.05B	$7.46B	$7.25B	$6.3B^G	$5.23B	$4.86B	$4.98B^G	$4.19B	$3.76B	$3.35B	$3.12B	$3.05B	$2.82B	$2.87B	$2.63B	$2.72B	$2.76B	$2.69B	$2.95B	$3.49B	$3.18B
Cost of Revenue	+13.3%	+11.9%	+8.8%	—	$3.05B	$2.99B	$2.6B	$2.22B	$2.05B	$2.09B	$1.71B	$1.52B	$1.37B	$1.32B	$1.36B	$1.28B	$1.27B	$1.22B	$1.28B	$1.42B	$1.34B	$1.5B	$1.94B	$1.72B
Gross Profit	+14.9%	+11.4%	+10.7%	—	$4.41B	$4.26B	$3.7B	$3B	$2.81B	$2.89B	$2.48B	$2.23B	$1.98B	$1.8B	$1.69B	$1.54B	$1.6B	$1.41B	$1.44B	$1.34B	$1.35B	$1.44B	$1.55B	$1.46B
Gross Margin	—	—	—	—	—	58.74%	58.7%	57.48%	57.75%	58.01%	59.27%	59.45%	59.14%	57.6%	55.44%	54.56%	55.89%	53.47%	52.97%	48.52%	50.05%	49.01%	44.46%	46.01%
Research & Development	+10.5%	+11.5%	+10.2%	—	$1.15B	$1.13B	$993.6M	$904.7M	$834.93M	$778.75M	$652.34M	$605.37M	$567.81M	$511.63M	$467.96M	$427.04M	$395.12M	$364.92M	$325.77M	$298.58M	$277.26M	$238.38M	$206.11M	$159.41M
Selling, General & Administrative	+9.9%	+15.0%	+12.2%	—	$1.29B	$1.25B	$1.11B	$1.01B	$944M	$721.26M	$623.59M	$518.57M	$478.18M	$437.98M	$410.56M	$394.91M	$372.03M	$355.44M	$369.79M	$341.22M	$287.82M	$264.2M	$277.21M	$189.55M
Amortization of Intangibles	+1.9%	-1.4%	+16.4%	—	—	$32.37M	$30.67M	$30.51M	$30.56M	$35.54M	$34.8M	$26.23M	$21.8M	$20.86M	$14.32M	$7.12M	$8.36M	$17.85M	$21.44M	$24.83M	$28.73M	—	—	—
Total Operating Expenses	+10.2%	+10.8%	+9.2%	—	$2.44B	$2.38B	$2.1B	$1.91B	$1.78B	$1.67B	$1.43B	$1.29B	$1.2B	$1.11B	$1.06B	$989.12M	$913.79M	$833.27M	$834.32M	$784.83M	$709.7M	$658.1M	$691.5M	$555.9M
Operating Income	+22.2%	+12.2%	+13.1%	—	$1.97B	$1.88B	$1.59B	$1.09B	$1.03B	$1.22B	$1.05B	$945.59M	$778.34M	$683.64M	$632.86M	$549.58M	$690.63M	$574.03M	$604.16M	$553.77M	$636.68M	$786.01M	$862.02M	$907.35M
Operating Margin	—	—	—	—	—	25.89%	25.31%	20.89%	21.15%	24.46%	25.18%	25.17%	23.25%	21.9%	20.78%	19.49%	24.06%	21.81%	22.25%	20.07%	23.67%	26.68%	24.67%	28.53%
Interest Expense	+81.9%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	$1.25M	$0	$607K	$207K
Interest Income	+16.7%	+6.0%	+2.9%	—	$50.62M	—	—	—	—	—	—	—	$47.15M	$36.93M	$33.41M	$29.65M	$35.58M	$35.27M	$35.11M	$32.81M	$24.98M	$23.52M	$35.54M	$42M
Other Non-Operating Income	+55.1%	+23.0%	+22.9%	—	$123.07M	$138.46M	$101.41M	$108.2M	$37.13M	-$11.82M	$49.17M	$41.64M	$44.9M	$13.43M	$5.76M	$17.61M	$33.12M	$79.53M	$20.37M	$30.39M	-$59.4M	$22.64M	$52.35M	$70.92M
Pretax Income	+23.7%	+12.8%	+13.5%	—	$2.1B	$2.01B	$1.7B	$1.2B	$1.06B	$1.21B	$1.1B	$987.22M	$823.25M	$697.07M	$638.63M	$567.19M	$723.75M	$653.56M	$624.53M	$584.16M	$577.27M	$808.65M	$914.37M	$978.27M
Income Tax	+56.6%	+25.8%	+12.2%	—	$361.79M	$350.65M	$283.97M	-$89.28M	$91.39M	$124.6M	$111.09M	$34.74M	$129.17M	-$11.94M	$120.9M	$110.96M	$359.53M	$41.15M	$82.13M	$63.27M	-$7.33M	$104.7M	$181.52M	$123.26M
Net Income	+19.6%	+10.9%	+13.8%	—	$1.74B	$1.66B	$1.41B	$1.29B	$973.59M	$1.08B	$992.32M	$952.49M	$694.08M	$709.01M	$517.72M	$456.23M	$364.21M	$612.41M	$542.4M	$520.9M	$584.6M	$703.95M	$732.85M	$855.01M
Net Margin	—	—	—	—	—	22.96%	22.41%	24.67%	20.03%	21.72%	23.7%	25.35%	20.73%	22.71%	17%	16.18%	12.69%	23.27%	19.97%	18.88%	21.73%	23.89%	20.97%	26.88%
Comprehensive Income	+35.2%	+10.3%	+15.8%	—	$1.82B	$1.83B	$1.33B	$1.34B	$741.22M	$1.02B	$1.12B	$999.93M	$646.53M	$802.46M	$511.13M	$423.23M	$328.74M	$511.9M	$593.76M	$552.09M	$653.99M	$728.22M	$644.42M	—
EPS (Basic) USD/shares	+19.6%	+10.8%	+13.7%	—	$9.02	$8.65	$7.35	$6.74	$5.06	$5.63	$5.19	$5.01	$3.68	$3.77	$2.74	$2.39	$1.89	$3.13	$2.78	$2.68	$2.97	$3.51	$3.51	$3.95
EPS (Diluted) USD/shares	+19.5%	+10.7%	+13.6%	—	$8.96	$8.59	$7.30^G	$6.71	$5.04	$5.61^G	$5.17	$4.99	$3.66	$3.76	$2.73	$2.39	$1.88	$3.12	$2.76	$2.67	$2.95	$3.50	$3.48	$3.89
Shares Outstanding (Basic Avg) shares	0.0%	+298.7%	+99.7%	—	—	192.47M	192.06M	191.4M	192.54M	192.18K	191.09K	189.93M	188.64M	187.83M	188.82K	190.63K	193.11K	195.41K	194.91K	194.11K	196.98M	200.4M	—	—
Shares Outstanding (Diluted Avg) shares	+0.1%	+298.8%	+99.8%	—	—	193.62M	193.28M	192.06M	193.04M	193.04K	191.9K	190.9M	189.73M	188.73M	189.34K	191.11K	194.17K	196.34K	196.21K	194.89K	198.01M	201.16M	—	—

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2007–FY2025: $1.57B in buybacks, $7.41B in dividends.

Debt Profile

Annual debt figures are established from 10-K filings and updated by subsequent 10-Q and 8-K disclosures. Instrument balances are not summed into a company total unless the filing itself reports that total.

Debt data is being processed. Please check back later.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

—

Peer median 4.88×

EV/EBIT

—

Peer median 30.56×

P/E (TTM)

30.69×

Peer median 45.38×

Peer medians compare against the 10 similar-size Scientific & Technical Instruments companies (of 39 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Fitness Segment	$2,357,000,000	$1,774,487,000	$1,344,637,000	$1,109,419,000	$1,533,788,000	$1,317,498,000	$1,047,527,000	$858,329,000
Outdoor Segment	$2,054,061,000	$1,961,990,000	$1,697,151,000	$1,770,275,000	$1,606,664,000	$1,128,081,000	$917,567,000	$809,883,000
Marine Segment	$1,182,615,000	$1,073,192,000	$916,911,000	$903,983,000	$875,151,000	$657,848,000	$508,850,000	$441,560,000
Aviation Segment	$987,161,000	$876,614,000	$846,329,000	$792,799,000	$712,468,000	$622,820,000	$735,458,000	$603,459,000
Auto OEM Segment	$664,682,000	$610,620,000	$423,224,000	$283,810,000	$254,724,000	—	—	—
Auto Segment	—	—	—	—	—	$460,326,000	$548,103,000	$634,213,000

By Geography (USD)

Component	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Americas	$2,614,358,000	$2,429,029,000	$2,349,514,000	$1,968,080,000	$1,817,770,000	$1,596,716,000	$1,504,194,000
EMEA	$1,775,965,000	$1,633,640,000	$1,858,908,000	$1,579,749,000	$1,350,533,000	$1,204,969,000	$1,172,538,000
Asia Pacific	$837,929,000	$797,617,000	$774,373,000	$638,744,000	$589,202,000	$545,759,000	$444,828,000

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Fitness Segment	$725,881,000	$482,672,000	$232,201,000	$104,738,000	$359,201,000	$305,283,000	$191,858,000	$181,745,000
Outdoor Segment	$690,352,000	$702,730,000	$515,254,000	$573,281,000	$524,469,000	$438,197,000	$334,041,000	$290,510,000
Aviation Segment	$257,227,000	$211,367,000	$226,400,000	$213,186,000	$193,188,000	$146,608,000	$252,943,000	$204,746,000
Marine Segment	$251,250,000	$236,010,000	$179,429,000	$215,304,000	$249,781,000	$177,184,000	$109,876,000	$63,344,000
Auto OEM Segment	-$48,634,000	-$38,785,000	-$61,124,000	-$78,664,000	-$108,019,000	—	—	—
Auto Segment	—	—	—	—	—	-$13,032,000	$56,868,000	$37,998,000

Operating Margin by Segment (%)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Fitness Segment	30.8%	27.2%	17.3%	9.4%	23.4%	23.2%	18.3%	21.2%
Outdoor Segment	33.6%	35.8%	30.4%	32.4%	32.6%	38.8%	36.4%	35.9%
Marine Segment	21.2%	22%	19.6%	23.8%	28.5%	26.9%	21.6%	14.3%
Aviation Segment	26.1%	24.1%	26.8%	26.9%	27.1%	23.5%	34.4%	33.9%
Auto OEM Segment	-7.3%	-6.4%	-14.4%	-27.7%	-42.4%	—	—	—
Auto Segment	—	—	—	—	—	-2.8%	10.4%	6%

Key facts CIK 1121788 CUSIP H2906T109 13F (30d) 411 filings 403 filers Visit website Investor relations