Garmin Ltd

Garmin Ltd

GRMN · NYSE · Technology / Scientific & Technical Instruments

283.03USD-3.15 (-1.10%)

Price History

Full chart

Market Stats

Previous Close286.18
Open289.51
Day Range282.57 – 290.95
52-Week Range183.64 – 313.07
Volume464.50K
Market Cap56.65B
P/E (TTM)30.31
Forward P/E24.81
EPS9.69
Dividend Yield1.43%
Beta0.83
50-Day Avg284.49
200-Day Avg252.10

About

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 Garmin 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.

Company Details

  • SectorTechnology
  • IndustryScientific & Technical Instruments
  • CEOMr. Clifton Albert Pemble
  • Employees23.00K
  • HeadquartersMuhlentalstrasse 36/38, Schaffhausen, Switzerland, 8200, USA
  • Websitehttps://www.garmin.com

Leadership

  • Mr. Clifton Albert PemblePresident, CEO & Director
  • Mr. Douglas Gerard Boessen C.P.A.CFO & Treasurer · b. 1963
  • Mr. Patrick G. DesboisCo-Chief Operating Officer · b. 1969
  • Mr. Bradley C. TrenkleCo-Chief Operating Officer · b. 1980
  • Mr. Philip I. StraubExecutive VP & MD of Aviation - Garmin International, Inc · b. 1971
  • Dr. Min-Hwan Kao Ph.D.Co-Founder & Executive Chairman · b. 1949
  • Ms. Teri SeckDirector of Investor Relations
  • Mr. Joshua H. MaxfieldVP, General Counsel & Secretary · b. 1973
  • Mr. Ted GartnerDirector of Corporate Communications
  • Ms. Laurie A. MinardVice President of Human Resources · b. 1967

Financials

Income Statement

Currency: USD1999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue232.59M345.74M369.12M465.14M572.99M762.55M1.03B1.77B3.18B3.49B2.95B2.69B2.76B2.72B2.63B2.87B2.82B3.02B3.09B3.35B3.76B4.19B4.98B4.86B5.23B6.30B7.25B
Growth (%)-+48.65%+6.76%+26.01%+23.19%+33.08%+34.78%+72.61%+79.27%+9.87%-15.67%-8.71%+2.55%-1.55%-3.09%+9.07%-1.76%+7.03%+2.26%+8.44%+12.25%+11.42%+19.02%-2.46%+7.57%+20.44%+15.06%
Cost of Revenue100.08M154.45M170.96M210.09M242.45M351.31M492.70M891.61M1.72B1.94B1.50B1.34B1.42B1.28B1.22B1.27B1.28B1.34B1.30B1.37B1.52B1.71B2.09B2.05B2.22B2.60B2.99B
Gross Profit132.50M191.29M198.16M255.06M330.54M411.24M535.07M882.39M1.46B1.55B1.44B1.35B1.34B1.44B1.41B1.60B1.54B1.68B1.78B1.98B2.23B2.48B2.89B2.81B3.00B3.70B4.26B
Gross Margin56.97%55.33%53.68%54.83%57.69%53.93%52.06%49.74%46.01%44.46%49.01%50.05%48.52%52.97%53.47%55.89%54.56%55.64%57.76%59.14%59.45%59.27%58.01%57.75%57.48%58.70%58.74%
Operating Expense49.97M62.00M66.87M77.62M103.54M140.57M196.90M327.83M555.90M691.50M658.10M709.70M784.83M834.32M833.27M913.79M989.12M1.06B1.11B1.20B1.29B1.43B1.67B1.78B1.91B2.10B2.38B
Operating Income82.53M129.29M131.29M177.44M227.00M270.67M338.17M554.56M907.35M862.02M786.01M636.68M553.77M604.16M574.03M690.63M549.58M623.91M668.86M778.34M945.59M1.05B1.22B1.03B1.09B1.59B1.88B
Operating Margin35.48%37.40%35.57%38.15%39.62%35.50%32.90%31.26%28.53%24.67%26.68%23.67%20.07%22.25%21.81%24.06%19.49%20.67%21.67%23.25%25.17%25.18%24.46%21.15%20.89%25.31%25.89%
EBITDA88.10M136.86M142.15M193.57M247.10M305.27M381.77M599.03M1.04B993.39M905.14M671.92M648.30M694.63M652.84M767.64M627.94M719.20M769.89M874.54M1.05B1.18B1.36B1.23B1.27B1.88B2.20B
EBITDA Margin37.88%39.59%38.51%41.62%43.13%40.03%37.14%33.77%32.78%28.43%30.72%24.98%23.50%25.58%24.81%26.74%22.27%23.83%24.94%26.13%27.99%28.21%27.33%25.28%24.29%29.78%30.41%
Net Income64.17M105.66M113.45M142.80M178.63M205.70M311.22M514.12M855.01M732.85M703.95M584.60M520.90M542.40M612.41M364.21M456.23M510.81M694.96M694.08M952.49M992.32M1.08B973.59M1.29B1.41B1.66B
Net Income Margin27.59%30.56%30.73%30.70%31.18%26.98%30.28%28.98%26.88%20.97%23.89%21.73%18.88%19.97%23.27%12.69%16.18%16.92%22.51%20.73%25.35%23.70%21.72%20.03%24.67%22.41%22.96%
R&D17.34M21.76M28.16M32.16M43.71M78.99M74.88M113.31M159.41M206.11M238.38M277.26M298.58M325.77M364.92M395.12M427.04M467.96M511.63M567.80M605.37M705.68M840.02M834.93M904.70M993.60M1.13B
R&D as % of Total Revenue7.45%6.29%7.63%6.91%7.63%10.36%7.29%6.39%5.01%5.90%8.09%10.31%10.82%12.00%13.87%13.76%15.14%15.50%16.57%16.96%16.11%16.86%16.86%17.18%17.30%15.78%15.54%
Interest Expense546.00K18.62M32.51M5.45M9.05M40.30M49.32M44.13M207.00K607.00K23.52M1.25M32.81M35.11M35.27M35.58M29.65M33.41M36.92M47.15M24.84M51.99M57.09M40.83M---
Interest Expense % of Total Revenue0.23%5.39%8.81%1.17%1.58%5.28%4.80%2.49%0.01%0.02%0.80%0.05%1.19%1.29%1.34%1.24%1.05%1.11%1.20%1.41%0.66%1.24%1.15%0.84%---

Balance Sheet

Currency: USD1999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets254.65M463.35M532.15M698.12M856.95M1.12B1.36B1.90B3.29B2.92B3.83B3.99B4.47B4.82B4.88B4.69B4.50B4.53B5.01B5.38B6.17B7.03B7.85B7.73B8.60B9.63B10.99B
Total Liabilities60.05M98.11M78.19M95.62M107.25M181.53M204.97M339.12M940.85M698.73M989.43M939.13M1.21B1.29B1.22B1.29B1.15B1.11B1.21B1.22B1.37B1.52B1.74B1.53B1.59B1.78B2.02B
Total Equity194.60M365.24M453.97M602.50M749.69M935.86M1.16B1.56B2.35B2.23B2.84B3.05B3.26B3.53B3.66B3.40B3.35B3.42B3.80B4.16B4.79B5.52B6.11B6.20B7.01B7.85B8.97B
Cash104.08M251.73M192.84M216.77M274.33M249.91M334.35M337.32M707.69M696.34M1.09B1.26B1.29B1.23B1.18B1.20B833.07M846.88M891.49M1.20B1.03B1.46B1.50B1.28B1.69B2.08B2.28B
Total Debt27.72M46.95M32.19M20.00M---248.00K------------49.24M75.96M70.04M114.54M113.03M162.79M195.99M
Net Debt-76.36M-204.78M-160.65M-196.77M-274.33M-249.91M-334.35M-337.07M-707.69M-696.34M-1.09B-1.26B-1.29B-1.23B-1.18B-1.20B-833.07M-846.88M-891.49M-1.20B-978.33M-1.38B-1.43B-1.16B-1.58B-1.92B-2.08B

Cash Flow

Currency: USD1999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow44.34M88.32M129.99M175.41M175.18M208.94M247.00M361.86M682.09M862.16M1.09B770.64M822.33M684.75M630.08M522.71M280.47M705.68M660.84M919.52M698.55M1.14B1.01B788.26M1.38B1.43B1.63B
Investing Cash Flow-32.30M-28.91M-158.39M-141.07M-50.43M-184.32M-91.18M-226.38M-175.70M-56.35M-547.87M-72.87M-488.20M-496.23M-274.44M131.33M-111.98M-121.54M-194.54M-307.50M-450.75M-260.52M-475.37M-145.12M--393.33M-645.24M
Financing Cash Flow10.15M95.45M-22.49M-10.16M-69.78M-51.15M-70.94M-132.65M-136.12M-808.05M-161.24M-510.82M-307.41M-249.85M-406.84M-599.62M-500.09M-561.68M-448.41M-286.16M-416.03M-461.76M-486.71M-840.62M-636.51M-626.86M-844.08M
Capital Expenditure32.20M24.82M14.88M12.42M32.77M78.14M27.13M96.02M159.70M126.59M56.77M35.98M41.17M45.23M57.20M78.06M84.48M96.67M151.93M160.35M120.41M187.47M309.59M246.19M195.03M193.57M270.45M
Free Cash Flow12.15M63.50M115.11M162.98M142.41M130.79M219.88M265.83M522.39M735.57M1.04B734.66M781.16M639.52M572.88M444.65M195.99M609.01M508.91M759.16M578.14M947.80M702.84M542.07M1.18B1.24B1.36B
Dividends Paid7.53M28.95M--54.04M54.09M53.97M107.92M162.53M150.25M149.85M298.85M310.76M253.39M351.71M360.07M378.12M481.45M382.98M296.15M417.26M450.63M491.46M679.10M558.77M572.36M663.88M
FCF to OCF27.39%71.90%88.55%92.92%81.29%62.60%89.02%73.46%76.59%85.32%94.81%95.33%94.99%93.39%90.92%85.07%69.88%86.30%77.01%82.56%82.76%83.49%69.42%68.77%85.83%86.49%83.44%
Dividend Paid to FCF61.99%45.59%--37.95%41.36%24.55%40.60%31.11%20.43%14.44%40.68%39.78%39.62%61.39%80.98%192.93%79.06%75.25%39.01%72.17%47.54%69.92%125.28%47.30%46.20%48.71%

Earnings

Report DateFeb 14, 2001May 3, 2001Aug 1, 2001Nov 1, 2001Feb 13, 2002May 1, 2002Jul 31, 2002Oct 30, 2002Feb 12, 2003Apr 30, 2003Jul 30, 2003Oct 29, 2003Feb 11, 2004Apr 28, 2004Jul 28, 2004Oct 27, 2004Feb 9, 2005Apr 27, 2005Jul 27, 2005Oct 26, 2005Feb 22, 2006May 3, 2006Aug 2, 2006Nov 1, 2006Feb 14, 2007May 2, 2007Aug 1, 2007Oct 31, 2007Feb 20, 2008Apr 30, 2008Jul 30, 2008Oct 29, 2008Feb 23, 2009May 6, 2009Aug 5, 2009Nov 4, 2009Feb 24, 2010May 5, 2010Aug 4, 2010Nov 3, 2010Feb 23, 2011May 4, 2011Aug 3, 2011Nov 2, 2011Feb 22, 2012May 2, 2012Aug 1, 2012Oct 31, 2012Feb 20, 2013May 1, 2013Jul 31, 2013Oct 30, 2013Feb 19, 2014Apr 30, 2014Jul 30, 2014Oct 29, 2014Feb 18, 2015Apr 29, 2015Jul 29, 2015Oct 28, 2015Feb 17, 2016Apr 27, 2016Jul 27, 2016Oct 26, 2016Feb 22, 2017May 3, 2017Aug 2, 2017Nov 1, 2017Feb 21, 2018May 2, 2018Aug 1, 2018Oct 31, 2018Feb 20, 2019May 1, 2019Jul 31, 2019Oct 30, 2019Feb 19, 2020Apr 29, 2020Jul 29, 2020Oct 28, 2020Feb 17, 2021Apr 28, 2021Jul 28, 2021Oct 27, 2021Feb 16, 2022Apr 27, 2022Jul 27, 2022Oct 26, 2022Feb 22, 2023May 3, 2023Aug 2, 2023Nov 1, 2023Feb 21, 2024May 1, 2024Jul 31, 2024Oct 30, 2024Feb 19, 2025Apr 30, 2025Jul 30, 2025Oct 29, 2025Feb 18, 2026Apr 29, 2026Jul 29, 2026Oct 28, 2026
EPS Estimate0.110.120.140.100.110.120.140.120.170.160.220.180.230.190.230.220.280.250.290.310.350.340.480.630.580.590.740.821.110.740.990.830.980.410.510.690.950.420.730.760.880.330.670.490.660.410.660.620.730.410.660.600.620.440.760.720.780.570.710.540.480.420.690.540.570.450.810.660.750.570.870.770.800.711.010.971.050.840.411.001.390.901.251.271.431.101.431.121.161.031.421.281.401.011.441.442.021.681.901.992.391.842.272.38
EPS Actual0.140.120.140.120.120.130.180.140.210.200.220.200.240.190.250.290.320.260.350.340.440.430.550.500.870.590.980.881.310.690.930.870.930.250.831.021.430.380.850.700.830.430.630.710.960.450.980.740.680.400.760.690.760.551.020.760.770.550.720.510.740.490.870.750.730.520.880.750.790.680.991.001.020.731.161.271.290.910.911.581.731.181.681.411.551.111.441.241.351.021.451.411.721.421.581.992.411.612.171.992.792.082.81-
Surprise27.27%0.00%0.00%20.00%9.09%8.33%28.57%16.67%23.53%25.00%0.00%11.11%4.35%0.00%8.70%31.82%14.29%4.00%20.69%9.68%25.71%26.47%14.58%-20.63%50.00%0.00%32.43%7.32%18.02%-6.76%-6.06%4.82%-5.10%-39.02%62.75%47.83%50.53%-9.52%16.44%-7.89%-5.68%30.30%-5.97%44.90%45.45%9.76%48.48%19.35%-6.85%-2.44%15.15%15.00%22.58%25.00%34.21%5.56%-1.28%-3.51%1.41%-5.56%54.17%16.67%26.09%38.89%28.07%15.56%8.64%13.64%5.33%19.30%13.79%29.87%27.50%2.82%14.85%30.93%22.86%8.33%121.95%58.00%24.46%31.11%34.40%11.02%8.39%0.91%0.70%10.71%16.38%-0.97%2.11%10.16%22.86%40.59%9.72%38.19%19.24%-4.17%14.21%0.00%16.74%13.04%23.79%-
Timing---Pre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap56.65B
Enterprise Value52.41B
Trailing P/E30.31
Forward P/E24.81
PEG Ratio3.03
Price / Sales7.38
Price / Book6.08
EPS9.69
Book Value46.80
Revenue (TTM)7.67B
Gross Profit (TTM)4.61B
EBITDA2.31B
Profit Margin24.47%
Operating Margin30.44%
Return on Equity21.89%
Return on Assets12.17%
Shares Outstanding192.85M
Shares Float164.50M
Beta0.83
Dividend Yield1.43%
Dividend Rate4.20
Payout Ratio40.33%

Analyst Ratings

Buy
Based on 8 analystsTarget 306.71
  • Strong Buy
    3
  • Hold
    4
  • Sell
    1

Ownership Breakdown

Institutions
58.12%
Insiders
14.69%
Retail / Other
27.19%

Top Institutional Holders

  • BlackRock Inc
    14.82M7.69%
  • Vanguard Capital Management, LLC
    10.71M5.55%
  • Vanguard Portfolio Management, LLC
    8.07M4.18%
  • State Street Corp
    7.06M3.66%
  • Artisan Partners Limited Partnership
    5.29M2.74%
  • Geode Capital Management, LLC
    5.01M2.60%
  • FMR Inc
    3.39M1.76%
  • NORGES BANK
    1.99M1.03%
  • AllianceBernstein L.P.
    1.90M0.99%
  • Morgan Stanley - Brokerage Accounts
    1.90M0.98%
  • Northern Trust Corp
    1.83M0.95%
  • Dimensional Fund Advisors, Inc.
    1.70M0.88%
  • Bank of America Corp
    1.69M0.88%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    5.20M2.70%
  • Vanguard 500 Index Investor
    4.36M2.26%
  • Artisan International Value Investor
    4.17M2.16%
  • Vanguard MStar Mid Cap Index Instl
    3.51M1.82%
  • iShares Core S&P 500 ETF
    2.21M1.15%
  • Fidelity 500 Index
    2.13M1.10%
  • State Street® SPDR® S&P 500® ETF
    2.04M1.06%

Dividends

20271×
1.05Mar 12, 2027
20264×
1.05Dec 11, 20261.05Sep 11, 20261.05Jun 15, 20260.90Mar 13, 2026
20254×
0.90Dec 12, 20250.90Sep 12, 20250.90Jun 16, 20250.75Mar 14, 2025
20244×
0.75Dec 13, 20240.75Sep 13, 20240.75Jun 17, 20240.73Mar 14, 2024
20234×
0.73Dec 14, 20230.73Sep 14, 20230.73Jun 16, 20230.73Mar 14, 2023
20224×
0.73Dec 14, 20220.73Sep 14, 20220.73Jun 17, 20220.67Mar 14, 2022
20213×
0.67Dec 14, 20210.67Sep 14, 20210.67Jun 14, 2021

Stock Splits

  • Aug 16, 20062:1