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GRMN US​

Garmin Ltd(GRMN US)

$293.74-1.660.56%Ext:$294.34+0.600.20%(Market Closed · 00:00:03 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Garmin Ltd — Company Profile

Garmin Ltd. specializes in the design, development, manufacturing, marketing, and global distribution of diverse wireless products and solutions. Its operations span across North and South America, the Asia Pacific region, the Australian Continent, Europe, the Middle East, and Africa. The company's offerings are organized into several key segments: Fitness: This division caters to athletes and active individuals with products like specialized running and multi-sport watches, cycling computers, activity trackers, smartwatches, and various fitness-related accessories. Additionally, it supports these offerings with its Garmin Connect web and mobile platforms, alongside Connect IQ, an ecosystem for app development. Outdoor: Garmin's Outdoor category features rugged adventure watches, portable GPS devices, golf-specific instruments and accompanying mobile applications, plus specialized dog tracking and training systems. Aviation: The Aviation sector delivers comprehensive avionics solutions for aircraft, encompassing integrated cockpit systems, advanced flight displays and instrumentation, navigation and communication tools, automated flight controls, safety enhancements, audio management, engine monitoring, traffic and weather avoidance systems, ADS-B transponders, data connectivity, portable GPS navigators, wearable aviation devices, and related support services. Marine: For the Marine market, Garmin provides a suite of solutions including chartplotters, multi-function displays, marine cartography, fish finders, sonar technology, autopilots, radar systems, compliant instrumentation and sensors, VHF radios, handheld and wearable marine devices, sailing-specific products, onboard entertainment, digital switching, and electric trolling motors. Auto: The Automotive segment focuses on in-vehicle computing and infotainment systems, personal navigation units, and various camera solutions. Garmin's products are distributed through a diverse network including independent and online retailers, authorized dealers, distributors, service and installation centers, original equipment manufacturers (OEMs), and directly via its official e-commerce platform, garmin.com. Established in 1989, Garmin Ltd. maintains its corporate headquarters in Schaffhausen, Switzerland.

Sector
Industrials
Industry
Commercial Services & Supplies
Exchange
UN
CEO
Clifton Albert Pemble
Headquarters
Schaffhausen, V8, CH
IPO Date
Dec 8, 2000
Employees
23,000
Website
www.garmin.com

Key Metrics

Price
$281.95
Market Cap
$54.37B
Revenue (TTM)
$1.75B
Net Income (TTM)
$405.08M
EPS (TTM)
2.10
P/E (TTM)
31.32
P/B (TTM)
5.87
Dividend Yield
1.68%
ROE (TTM)
4.37%
ROA (TTM)
3.70%
Operating Margin
24.62%
Beta
1.19

Dividends

Last Dividend
$1.05
Last Yield
0.02%
Last Date
Sep 11, 2026

Summary

Garmin Ltd. specializes in the design, development, manufacturing, marketing, and global distribution of diverse wireless products and solutions. Its operations span across North and South America, the Asia Pacific region, the Australian Continent, Europe, the Middle East, and Africa. The company's offerings are organized into several key segments: Fitness: This division caters to athletes and active individuals with products like specialized running and multi-sport watches, cycling computers, activity trackers, smartwatches, and various fitness-related accessories. Additionally, it supports these offerings with its Garmin Connect web and mobile platforms, alongside Connect IQ, an ecosystem for app development. Outdoor: Garmin's Outdoor category features rugged adventure watches, portable GPS devices, golf-specific instruments and accompanying mobile applications, plus specialized dog tracking and training systems. Aviation: The Aviation sector delivers comprehensive avionics solutions for aircraft, encompassing integrated cockpit systems, advanced flight displays and instrumentation, navigation and communication tools, automated flight controls, safety enhancements, audio management, engine monitoring, traffic and weather avoidance systems, ADS-B transponders, data connectivity, portable GPS navigators, wearable aviation devices, and related support services. Marine: For the Marine market, Garmin provides a suite of solutions including chartplotters, multi-function displays, marine cartography, fish finders, sonar technology, autopilots, radar systems, compliant instrumentation and sensors, VHF radios, handheld and wearable marine devices, sailing-specific products, onboard entertainment, digital switching, and electric trolling motors. Auto: The Automotive segment focuses on in-vehicle computing and infotainment systems, personal navigation units, and various camera solutions. Garmin's products are distributed through a diverse network including independent and online retailers, authorized dealers, distributors, service and installation centers, original equipment manufacturers (OEMs), and directly via its official e-commerce platform, garmin.com. Established in 1989, Garmin Ltd. maintains its corporate headquarters in Schaffhausen, Switzerland.

Website
www.garmin.com
Location
Schaffhausen, V8, CH
Phone41 52 630 1600
Employees23,000
CEOClifton Albert Pemble
Sector
Industrials
Industry
Commercial Services & Supplies
IPO DateDec 8, 2000

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Latest Documents

SEC Filings(2K)

Expand
  • SC 13G/AGARMIN LTD13 Oct
  • 4Statement of changes in beneficial ownership20 Aug
  • 4BURRELL JONATHAN19 Aug
  • 144Wang Cheng-Wei18 Aug
  • 4BURRELL JONATHAN11 Aug
  • 4BURRELL JONATHAN5 Aug
  • 4Statement of changes in beneficial ownership4 Aug
  • 4Statement of changes in beneficial ownership4 Aug
  • 4Statement of changes in beneficial ownership31 Jul
  • 4Statement of changes in beneficial ownership31 Jul
  • 4Statement of changes in beneficial ownership31 Jul
  • 144Biddlecombe Sean31 Jul
  • 144MAXFIELD JOSHUA H31 Jul
  • 144PEMBLE CLIFTON A29 Jul
  • 10-QQ2ended 27 Jun 202629 Jul
  • 8-KResults of Operations and Financial Condition29 Jul
  • SC 13G/AGARMIN LTD10 Jul
  • SC 13G/AGARMIN LTD9 Jul
  • 11-KAnnual report (employee stock purchase/savings/profit sharing plans)25 Jun
  • 4Statement of changes in beneficial ownership12 Jun

News

  • Garmin (GRMN) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures23 Oct
  • Human Data, Robot Hands: Where Automation Goes Next21 Oct
  • DAKT or GRMN: Which Is the Better Value Stock Right Now?21 Oct
  • Garmin (GRMN) Expected to Announce Quarterly Earnings on Wednesday21 Oct
  • Garmin (GRMN) Laps the Stock Market: Here's Why20 Oct
  • New Garmin Edge 1060 cycling computer gives cyclists hands-free voice control20 Oct
  • Ride with more confidence with Edge Explore 3 cycling computers from Garmin20 Oct
  • Garmin unveils Tacx Nēra, an immersive indoor smart trainer with integrated movement20 Oct
  • Garmin (GRMN) Advances While Market Declines: Some Information for Investors14 Oct
  • Garmin selects Ventura, California as newest Garmin Marathon Series location14 Oct
  • Here Are Wednesday’s Top Wall Street Analyst Research Calls: Albemarle, Alcoa, Brinker International, Dell Technologies, Garmin, Hewlett Packard Enterprise, Lockheed Martin, NetApp, Trane Technologies, and More14 Oct
  • More than 2,500 aircraft are now equipped with Garmin's revolutionary Autoland system14 Oct
  • Meet the third-generation MARQ collection from Garmin: premium tool watches designed for life's most ambitious pursuits13 Oct
  • Garmin marks 1,000th King Air retrofit with G1000 integrated flight deck delivered to the U.S. Army13 Oct
  • Garmin earns multiple marine industry honors at IBEX 202612 Oct
  • Top 50 High-Quality Dividend Growth Stocks For October 202611 Oct
  • Enduro 4 smartwatch redefines ultraperformance with extreme battery life and advanced training features6 Oct
  • Meet Approach S72: Garmin's ultimate golf smartwatch6 Oct
  • Garmin (GRMN) Surpasses Market Returns: Some Facts Worth Knowing5 Oct
  • DAKT vs. GRMN: Which Stock Is the Better Value Option?5 Oct

Mentions in Filings

  • … ished, well-known camera manufacturers such as Canon Inc. and Nikon Corporation, as well as large, diversified electronics companies such as, Samsung Electronics Co. and Sony Corporation and specialty companies such as <strong>Garmin Ltd.</strong>, the Ricoh Company, Ltd., Arashi Vision Inc. (Insta360), and SZ DJI Technology Co., Ltd. We believe we compete favorably with these companies’ products. Our durable and versatile hardware product design facilitates incr …
    GoPro, Inc.Garmin Ltd·10-K/A - Annual report (amendment) FY 2025·FY25·19 Oct
  • … der. Nevertheless, we face competition from more well-known products like the Whistle GPS Pet Tracker and Tractive, as well as products from more well-established, better capitalized companies in the United States such as <strong>Garmin</strong>, which produces varieties of dog training and tracking devices. Similarly, companies such as PetSafe, Petzi, Petcube, Arf Pets, and Furbo market food and treat dispensers with functionalities that in some cases are simila …
    Dogness (International) CorpGarmin Ltd·20-F - Annual report (foreign private issuer) FY 2026·FY26·30 Sep
  • … rpose smartwatches and trackers offered by large technology companies such as Apple, Google (including Fitbit), and Samsung; fitness-oriented or activity-specific wearables, which are primarily wrist-based, such as Coros, <strong>Garmin</strong>, and Whoop; and software-based health and wellness companies that provide device-agnostic insights. Many of these competitors have substantial resources, diversified product portfolios, established supply chains and distr …
    Oura Inc.Garmin Ltd·S-1/A - Registration statement (general form, amendment)·Q4 26·21 Sep
  • … g. Where no drill-hole identification was found at the site, the closest drill collar in the database was used for comparison. Table 9.2 gives the best-case comparisons (although unconfirmed). The RESPEC geologists used a <strong>Garmin</strong> eTrex - Legend non-differential GPS to measure coordinates at the drill sites and pads. The Garmin website indicates that the eTrex - Legend device is accurate to within “3- 5 m (10-16 ft), 95% typical with DGPS correctio …
    Guardian Metal Resources PLCGarmin Ltd·EX-96.1 - 20-F - EXHIBIT 96.1 FY 2026·FY26·17 Sep
  • … ties utilizing AI-based performance tracking. 61 **Competitive Landscape** In the competitive golf technology landscape, we face competition across several categories, including shot tracking hardware providers such as <strong>Garmin</strong>, Arccos, and ShotScope; GPS rangefinder applications like Hole19, GolfPad, and TheGrint; swing analysis and coaching systems offered by TrackMan and FlightScope; and a growing number of AI-powered sports training platform …
    Game Your Game Inc.Garmin Ltd·424B3 - PROSPECTUS·Q3 26·16 Sep
  • The FFG samplers were equipped with a <strong>Garmin</strong> inReach® Mini GPS tracker, which was encased in a titanium housing rated to 6,000 m depth. Following ascent from the seafloor, upon surfacing, the GPS tracker would record and transmit its location. The FFG sample location was subsequently recorded as the halfway point between the vessel location at the moment of deployment and the FFG sample location as recorded by the GPS tracker at the moment of sur …
    ODYSSEY MARINE EXPLORATION INCGarmin Ltd·EX-96.1 - S-4/A - Registration statement (business combination, amendment)·Q3 26·14 Sep

Key Stats

Trading

Px/Chg 1D$281.95 / +0.28%
Avg Volume874.40K
Beta1.19
Mkt Cap54.37B
FD Mkt Cap54.86B

Float

Shrs Out/Float192.85M / 164.62M
Short Float0.03%
Days to Cover3.40
Stock Repurchased$86.42M

Current Valuation

EV52.25B
EV/EBITDA22.90
EV/Sales7.00
P/B5.87
P/S7.29
FCF Yield0.86%
ROE4.37%
ROA3.70%
Current Ratio4.36

Dividend

Ex-Dividend DateSep 11, 2026
Cash (Sep 11, 2026)$1.05
Yield (Sep 11, 2026)1.68%
Yield (TTM)1.68%

Estimates

P/E31.32
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMay '23Feb '25Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings60.6519.2231.8827.7890.15134.23
Price / Sales14.283.857.866.2322.4331.01
Price / Book Value5.013.025.865.005.315.87
Price / Free Cash Flow65.5534.5234.8031.65110.94115.85
ENTERPRISE VALUE METRICS
Enterprise Value38,434.617,544.839,527.837,298.745,549.052,252.6
Enterprise Value / Sales13.673.617.565.9221.4429.80
Enterprise Value / EBITDA46.7714.7231.1321.0366.82100.17
Enterprise Value / EBIT51.7917.0736.1923.4071.69110.58

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue9.8%4,982.84,860.35,228.36,296.97,245.5
Gross Income10.2%2,890.52,806.83,005.03,696.64,256.3
EBITDA12.5%1,373.41,191.71,269.71,773.72,203.3
EBIT13.4%1,218.61,027.81,092.21,594.02,014.5
Net Income11.4%1,082.2973.61,289.61,411.41,663.9
EPS (Diluted)11.2%5.615.046.717.308.59
BALANCE SHEET
Cash & ST Inv10.4%1,846.01,452.51,968.12,500.72,737.8
Total Assets8.8%7,854.47,731.28,603.69,630.510,993.7
Total Liabilities3.8%1,740.31,526.81,591.51,782.12,021.1
Total Shareholder Equity10.1%6,114.26,204.37,012.17,848.48,972.6
CASH FLOW
Net Operating Cash Flow12.7%1,012.4788.31,376.31,432.51,633.4
Cap Ex-3.3%-309.6-246.2-195.0-193.6-270.4
Free Cash Flow18%702.8542.11,181.21,238.91,362.9

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)294.61
Basic Shares192.85
Market Cap56,816.4
Diluted Shares193.57
Fully Diluted Shares Outstanding193.57
Fully Diluted Market Cap57,026.2
+Consolidated Debt167.6
−In-the-Money Convertible Debt—
+Capital Leases167.6
+Operating Leases—
−Cash & Equivalents-2,289.9
−Short-term Investments-411.0
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value54,694.1

Segment data

Revenue

by Products and services

  • Fitness33%
  • Outdoor28%
  • Marine Segment16%
  • Aviation14%
  • Automotive Mobile9%

Revenue

by Geography

  • Americas48%
  • Emea38%
  • Asia Pacific14%

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