Garmin Ltd. GRMN SPX
Company Overview
Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, which enables third parties to create applications that run on Garmin devices. It also provides adventure watches; outdoor handhelds and satellite communicators; golf devices; consumer automotive; dog devices; InReach and Gramin response; and dive devices. In addition, it designs, manufactures, and markets various aircraft avionics solutions, including integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponders, weather information and avoidance solutions, datalink and connectivity solutions, and portable GPS navigators and wearables, as well as service products to the aviation market. Further, it offers chartplotters and multi-function displays, cartography, fishfinders, sonar, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing, audio, digital switching, trolling motors, and lighting; and domain controllers and infotainment units, as well as software, map database, camera, wearable, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, OEM, and online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.
Why Investors Should Care
Generates a return on equity of 19.9%, reflecting efficient use of shareholder capital.
Return on capital employed stands at 20.2%.
Trades at a P/E of 27.0, below the sector median of 36.0.
Maintains a net profit margin of 23.3%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $7.25B (+15.1% YoY); net profit $1.66B.
- Trailing 12 Months Year-on-year growth — revenue +14.2%, earnings +21.5%.
- 5-Year Trend Long-term compounding — revenue CAGR 4.7%, profit CAGR 5.5%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 4.68% |
| 1 Year: | 14.20% |
Compounded Profit Growth
| 5 Years: | 5.52% |
| 1 Year: | 21.50% |
Stock Price Performance
| 1 Year: | +12.85% |
| 6 Months: | +14.67% |
| 3 Months: | -7.31% |
| 1 Month: | +1.63% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)52.41 · Neutral
P/E of 26.97 is below the sector median of 36.02 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Healthy ROCE of 20.2%.
- Excellent profit margin of 23.3%.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | GRMN Garmin Ltd. SPX | 241.39 | 26.97 | $46.55B | 1.76% | 20.23% | 19.90% | 4.68% | 5.52% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.80 | 32.43 | $5.13T | 0.49% | 74.66% | 114.29% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPX | 314.86 | 38.07 | $4.62T | 0.37% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 384.93 | 22.91 | $2.86T | 0.93% | 26.90% | 34.01% | 9.48% | 10.85% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 420.39 | 36.18 | $2.18T | 0.90% | 30.20% | 36.21% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXAI | 389.11 | 64.85 | $1.85T | 0.68% | 16.70% | 37.28% | 24.38% | 26.24% |
| 7 | MU Micron Technology, Inc. NDXSPXAI | 983.12 | 46.37 | $1.11T | 0.06% | 13.69% | 39.82% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 548.13 | 181.50 | $893.78B | 0.00% | 6.33% | 8.06% | 13.64% | 48.64% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,775.64 | 59.55 | $684.36B | 0.47% | 42.97% | 52.24% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Apr 2017 | Jul 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Apr 2023 | Jul 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | 710.87M | 894.45M | 810.01M | 932.11M | 766.05M | 954.84M | 934.38M | 1.10B | 856.11M | 869.87M | 1.11B | 1.35B | 1.07B | 1.33B | 1.19B | 1.17B | 1.24B | 1.14B | 1.15B | 1.32B | 1.28B | 1.38B | 1.51B | 1.59B | 1.54B | 1.81B | 1.77B | 1.75B |
| Gross Profit | 344.12M | 419.25M | 362.19M | 413.14M | 339.85M | 462.96M | 405.98M | 470.78M | 372.81M | 484.13M | 437.52M | 503.48M | 426.54M | 523.27M | 480.75M | 549.17M | 451.70M | 575.37M | 567.46M | 639.46M | 506.94M | 515.43M | 667.98M | 790.98M | 641.56M | 780.85M | 695.95M | 662.48M | 728.83M | 670.50M | 652.79M | 759.44M | 728.57M | 802.14M | 862.89M | 951.60M | 884.54M | 1.07B | 1.05B | 1.04B |
| Operating Income | 111.70M | 166.66M | 125.46M | - | 103.80M | 200.67M | 159.62M | - | 117.03M | 209.62M | 173.65M | - | 142.20M | 217.51M | 195.96M | - | 151.38M | 256.22M | 261.46M | - | 177.48M | 188.39M | 317.10M | - | 249.66M | 371.17M | 282.67M | 228.56M | 292.74M | 239.37M | 196.98M | 284.36M | 270.37M | 298.41M | 342.03M | 437.48M | 332.82M | 472.30M | 456.80M | 431.67M |
| Net Income | 66.79M | 137.75M | 119.30M | 132.38M | 88.09M | 161.06M | 125.05M | 136.60M | 238.40M | 176.98M | 151.07M | 142.55M | 129.37M | 190.34M | 184.21M | 190.15M | 140.17M | 223.66M | 227.87M | 360.79M | 161.18M | 184.18M | 313.42M | 333.55M | 220.03M | 317.00M | 259.04M | 211.59M | 257.87M | 210.85M | 202.33M | 287.94M | 257.24M | 275.96M | 300.63M | 399.11M | 332.77M | 400.82M | 401.62M | 405.08M |
| Diluted EPS | 0.35 | 0.72 | 0.63 | - | 0.46 | 0.85 | 0.66 | 0.72 | 1.26 | 0.94 | 0.80 | 0.75 | 0.68 | 1.00 | 0.97 | 1.00 | 0.74 | 1.17 | 1.19 | 1.89 | 0.84 | 0.96 | 1.63 | 1.73 | 1.14 | 1.64 | 1.34 | 1.09 | 1.33 | 1.09 | 1.05 | 1.50 | 1.34 | 1.43 | 1.56 | 2.07 | 1.72 | 2.07 | 2.08 | 2.09 |
| R&D Expense | 106.00M | 109.24M | 105.79M | - | 108.20M | 114.36M | 116.45M | - | 122.20M | 127.25M | 129.63M | - | 141.96M | 141.71M | 138.98M | - | 145.92M | 148.88M | 148.56M | - | 165.39M | 165.74M | 174.88M | - | 188.85M | 186.02M | 198.93M | 209.01M | 201.52M | 208.69M | 221.49M | 224.39M | 221.57M | 242.53M | 243.15M | 249.16M | 268.12M | 276.66M | 286.46M | 295.82M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.18B | 3.49B | 2.95B | 2.69B | 2.76B | 2.72B | 2.63B | 2.87B | 2.82B | 3.02B | 3.12B | 3.35B | 3.76B | 4.19B | 4.98B | 4.86B | 5.23B | 6.30B | 7.25B |
| Gross Profit | 1.46B | 1.55B | 1.44B | 1.35B | 1.34B | 1.44B | 1.41B | 1.60B | 1.54B | 1.69B | 1.80B | 1.98B | 2.23B | 2.48B | 2.89B | 2.81B | 3.00B | 3.70B | 4.26B |
| Operating Income | 907.35M | 862.02M | 786.01M | 636.68M | 553.77M | 604.16M | 574.03M | 690.63M | 549.58M | 632.86M | 683.64M | 778.34M | 945.59M | 1.05B | 1.22B | 1.03B | 1.09B | 1.59B | 1.88B |
| Net Income | - | - | 703.95M | 584.60M | 520.90M | 542.40M | 612.41M | 364.21M | 456.23M | 517.72M | 709.01M | 694.08M | 952.49M | 992.32M | 1.08B | 973.59M | 1.29B | 1.41B | 1.66B |
| Diluted EPS | 3.89 | 3.48 | 3.50 | 2.95 | 2.67 | 2.76 | 3.12 | 1.88 | 2.39 | 2.73 | 3.76 | 3.66 | 4.99 | 5.17 | 5.61 | 5.04 | 6.71 | 7.30 | 8.59 |
| R&D Expense | 159.41M | 206.11M | 238.38M | 277.26M | 298.58M | 325.77M | 364.92M | 395.12M | 427.04M | 467.96M | 511.63M | 567.80M | 605.37M | 652.34M | 778.75M | 834.93M | 904.70M | 993.60M | 1.13B |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2006 | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 2.93B | 3.83B | 3.99B | 4.47B | 4.82B | 4.88B | 4.69B | 4.50B | 4.53B | 4.95B | 5.38B | 6.17B | 7.03B | 7.85B | 7.73B | 8.60B | 9.63B | 10.99B |
| Total Equity | 1.56B | 2.35B | 2.23B | 2.84B | 3.05B | 3.26B | 3.53B | 3.66B | 3.40B | 3.37B | 3.45B | 3.85B | 4.16B | 4.79B | 5.52B | 6.11B | 6.20B | 7.01B | 7.85B | 8.97B |
| Cash & Equivalents | 337.32M | 707.69M | 696.34M | 1.09B | 1.26B | 1.29B | 1.23B | 1.18B | 1.20B | 833.07M | 846.88M | 891.49M | 1.20B | 1.03B | 1.46B | 1.50B | 1.28B | 1.69B | 2.08B | 2.28B |
| Current Liabilities | - | - | 479.18M | 685.88M | 669.04M | 858.28M | 909.03M | 905.30M | 1.03B | 866.00M | 782.74M | 792.12M | 921.31M | 1.04B | 1.16B | 1.45B | 1.21B | 1.31B | 1.51B | 1.72B |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 682.09M | 862.16M | 1.09B | 770.64M | 822.33M | 684.75M | - | - | 280.47M | 705.68M | 660.84M | 919.52M | 698.55M | 1.14B | 1.01B | 788.26M | 1.38B | 1.43B | 1.63B |
| Investing Cash Flow | -175.69M | -56.35M | -547.87M | -72.87M | -488.20M | -496.23M | - | - | -111.98M | -121.68M | -194.38M | -307.50M | -450.75M | -260.52M | -475.37M | -145.12M | -332.97M | -393.33M | -645.24M |
| Financing Cash Flow | -136.12M | -808.05M | -161.24M | -510.82M | -307.41M | -249.85M | - | - | -500.09M | -561.68M | -448.41M | -286.16M | -416.03M | -461.76M | -486.71M | -840.62M | -636.51M | -626.86M | -844.08M |
| Capital Expenditure | - | - | -49.20M | -32.23M | -38.37M | -38.45M | -56.08M | -73.34M | -80.59M | -90.96M | -139.70M | -155.75M | -118.03M | -185.40M | -307.64M | -244.29M | -193.52M | -193.57M | -270.45M |
| Free Cash Flow | - | - | 1.05B | 738.40M | 783.97M | 646.30M | - | - | 199.88M | 614.72M | 521.15M | 763.76M | 580.52M | 949.87M | 704.78M | 543.97M | 1.18B | 1.24B | 1.36B |
| Share Buybacks | 7.78M | 671.85M | 20.26M | 225.93M | 22.30M | 18.75M | 58.42M | 241.58M | 131.41M | 93.23M | 74.52M | - | - | - | - | - | - | - | - |
| Dividends Paid | 162.53M | 150.25M | 149.85M | 298.85M | 310.76M | 253.39M | 351.71M | 360.07M | 378.12M | 481.45M | 382.98M | 296.15M | 417.26M | 450.63M | 491.46M | 679.10M | 558.77M | 572.36M | 663.88M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | 46.0% | 44.5% | 49.0% | 50.1% | 48.5% | 53.0% | 53.5% | 55.9% | 54.6% | 55.9% | 57.6% | 59.1% | 59.5% | 59.3% | 58.0% | 57.7% | 57.5% | 58.7% | 58.7% |
| Operating Margin % | 28.5% | 24.7% | 26.7% | 23.7% | 20.1% | 22.2% | 21.8% | 24.1% | 19.5% | 21.0% | 21.9% | 23.3% | 25.2% | 25.2% | 24.5% | 21.1% | 20.9% | 25.3% | 25.9% |
| Net Margin % | - | - | 23.9% | 21.7% | 18.9% | 20.0% | 23.3% | 12.7% | 16.2% | 17.2% | 22.7% | 20.7% | 25.3% | 23.7% | 21.7% | 20.0% | 24.7% | 22.4% | 23.0% |
| ROE % | - | - | 24.8% | 19.2% | 16.0% | 15.4% | 16.7% | 10.7% | 13.5% | 15.0% | 18.4% | 16.7% | 19.9% | 18.0% | 17.7% | 15.7% | 18.4% | 18.0% | 18.5% |
| ROCE % | - | 35.1% | 25.0% | 19.2% | 15.3% | 15.5% | 14.4% | 18.9% | 15.1% | 16.9% | 16.4% | 17.4% | 18.4% | 18.0% | 19.0% | 15.8% | 15.0% | 19.6% | 20.2% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 8.07% | 15.44M | $3.72B |
| 2 | Vanguard Capital Management LLC | 5.55% | 10.62M | $2.56B |
| 3 | Vanguard Portfolio Management LLC | 4.11% | 7.87M | $1.90B |
| 4 | State Street Corporation | 3.58% | 6.85M | $1.65B |
| 5 | Artisan Partners Limited Partnership | 2.89% | 5.52M | $1.33B |
| 6 | Geode Capital Management, LLC | 2.30% | 4.40M | $1.06B |
| 7 | FMR, LLC | 1.12% | 2.15M | $519.24M |
| 8 | Alliancebernstein L.P. | 1.01% | 1.93M | $466.40M |
| 9 | JPMORGAN CHASE & CO | 0.99% | 1.89M | $455.95M |
| 10 | Northern Trust Corporation | 0.94% | 1.79M | $432.24M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for GRMN
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GRMN — Frequently Asked Questions
What is the current share price of Garmin Ltd. (GRMN)?
As of 2026-07-14 21:23 PDT, Garmin Ltd. (GRMN) trades at $241.39 on NYSE. Its 52-week range is $184.77 to $266.34.
What is the market capitalisation of GRMN?
Garmin Ltd. (GRMN) has a market capitalisation of $46.55B on NYSE.
What is the P/E ratio of GRMN?
GRMN trades at a trailing price-to-earnings (P/E) ratio of 26.97. The industry average P/E is 36.02. Its price-to-book (P/B) ratio is 4.95.
Does GRMN pay a dividend?
Garmin Ltd. (GRMN) currently offers a dividend yield of 1.76%.
What is the return on equity (ROE) of GRMN?
GRMN has a return on equity (ROE) of 19.90%. Its return on capital employed (ROCE) is 20.23%.
Is GRMN a good stock to buy?
This page provides a data-driven analysis of Garmin Ltd. (GRMN), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.