garmin ltd. - GRMN

GRMN

Close Chg Chg %
236.16 -5.75 -2.43%

Closed Market

230.41

-5.75 (2.43%)

Volume: 690.35K

Last Updated:

Mar 27, 2026, 4:00 PM EDT

Company Overview: garmin ltd. - GRMN

GRMN Key Data

Open

$231.09

Day Range

229.17 - 234.20

52 Week Range

169.26 - 261.69

Market Cap

$45.44B

Shares Outstanding

192.48M

Public Float

163.82M

Beta

0.95

Rev. Per Employee

N/A

P/E Ratio

27.47

EPS

$8.65

Yield

126.23%

Dividend

$0.90

EX-DIVIDEND DATE

Mar 13, 2026

SHORT INTEREST

N/A

AVERAGE VOLUME

820.39K

 

GRMN Performance

1 Week
 
1.60%
 
1 Month
 
-6.63%
 
3 Months
 
14.87%
 
1 Year
 
10.49%
 
5 Years
 
83.90%
 

GRMN Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 10
Full Ratings ➔

About garmin ltd. - GRMN

Garmin Ltd. is a holding company, which engages in the provision of navigation, communications and information devices, most of which are enabled by Global Positioning System (GPS) technology. It operates through the following segments: Marine, Outdoor, Fitness, Auto OEM, Consumer Auto, and Aviation. The Marine segment manufactures and offers recreational marine electronics such as cartography, Sounders, Radar, Autopilot Systems and Sailing. The Outdoor segment offers products designed for use in outdoor activities such as Outdoor Handhelds, Adventure Watches, Golf Devices, Dog Tracking & Training Device, Garmin Connect & Garmin Connect Mobile, and Connect IQ. The Fitness segment refers to the products designed for use in fitness and activity tracking such as Running & Multi-Sport Watches, Cycling Computers, Power Meters, Safety & Awareness, and Activity Tracking Devices. The Auto OEM and Consumer Auto segments offer products designed for use in the auto market such as Personal Navigation Devices, Original Equipment Manufacturer (OEM) Solutions, and Cameras. The Aviation segment provides solutions to aircraft manufacturers, existing aircraft owners and operators, as well as government/defense customers. The company was founded in 1989 and is headquartered in Schaffhausen, Switzerland.

GRMN At a Glance

Garmin Ltd.
Mühlentalstrasse 36/38
Schaffhausen, Schaffhausen 8200
Phone 41-52-630-16-00 Revenue 7.25B
Industry Telecommunications Equipment Net Income 1.66B
Sector Electronic Technology 2025 Sales Growth 15.065%
Fiscal Year-end 12 / 2026 Employees 23,000
View SEC Filings

GRMN Valuation

P/E Current 27.47
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 23.914
Price to Sales Ratio 5.492
Price to Book Ratio 4.412
Price to Cash Flow Ratio 24.36
Enterprise Value to EBITDA 18.039
Enterprise Value to Sales 5.141
Total Debt to Enterprise Value 0.005

GRMN Efficiency

Revenue/Employee 315,022.565
Income Per Employee 72,342.913
Receivables Turnover 5.695
Total Asset Turnover 0.703

GRMN Liquidity

Current Ratio 3.622
Quick Ratio 2.592
Cash Ratio 1.592

GRMN Profitability

Gross Margin 58.744
Operating Margin 25.893
Pretax Margin 27.804
Net Margin 22.964
Return on Assets 16.135
Return on Equity 19.783
Return on Total Capital 18.148
Return on Invested Capital 19.437

GRMN Capital Structure

Total Debt to Total Equity 2.184
Total Debt to Total Capital 2.138
Total Debt to Total Assets 1.783
Long-Term Debt to Equity 1.837
Long-Term Debt to Total Capital 1.798
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Garmin Ltd. - GRMN

Collapse All in section
All values USD millions. 2022 2023 2024 2025 5-year trend
Sales/Revenue
4.86B 5.23B 6.30B 7.25B
Sales Growth
-2.46% +7.57% +20.44% +15.06%
Cost of Goods Sold (COGS) incl D&A
2.05B 2.22B 2.60B 2.99B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
163.85M 177.57M 179.74M 188.76M
Depreciation
118.74M 132.35M 140.49M 152.61M
Amortization of Intangibles
45.11M 45.23M 39.24M 36.15M
COGS Growth
-1.86% +8.27% +16.96% +14.95%
Gross Income
2.81B 3.00B 3.70B 4.26B
Gross Income Growth
-2.90% +7.06% +23.02% +15.14%
Gross Profit Margin
+57.75% +57.48% +58.70% +58.74%
2022 2023 2024 2025 5-year trend
SG&A Expense
1.78B 1.91B 2.10B 2.38B
Research & Development
834.93M 904.70M 993.60M 1.13B
Other SG&A
944.00M 1.01B 1.11B 1.25B
SGA Growth
+6.41% +7.53% +9.92% +13.21%
Other Operating Expense
- - - -
-
Unusual Expense
- - - -
-
EBIT after Unusual Expense
1.03B 1.09B 1.59B 1.88B
Non Operating Income/Expense
37.13M 108.20M 101.41M 138.46M
Non-Operating Interest Income
40.83M 77.30M 113.52M 128.87M
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
- - - -
-
Interest Expense Growth
- - - -
-
Gross Interest Expense
- - - -
-
Interest Capitalized
- - - -
-
Pretax Income
1.06B 1.20B 1.70B 2.01B
Pretax Income Growth
-11.75% +12.71% +41.24% +18.82%
Pretax Margin
+21.91% +22.96% +26.92% +27.80%
Income Tax
91.39M (89.28M) 283.96M 350.65M
Income Tax - Current - Domestic
58.51M 32.74M 116.56M 134.54M
Income Tax - Current - Foreign
175.34M 217.71M 257.04M 133.56M
Income Tax - Deferred - Domestic
(178.89M) (148.89M) (158.38M) 78.00M
Income Tax - Deferred - Foreign
36.44M (190.83M) 68.74M 4.54M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
973.59M 1.29B 1.41B 1.66B
Minority Interest Expense
- - - -
-
Net Income
973.59M 1.29B 1.41B 1.66B
Net Income Growth
-10.04% +32.46% +9.44% +17.89%
Net Margin Growth
+20.03% +24.67% +22.41% +22.96%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
973.59M 1.29B 1.41B 1.66B
Preferred Dividends
- - - -
-
Net Income Available to Common
973.59M 1.29B 1.41B 1.66B
EPS (Basic)
5.0564 6.738 7.3489 8.645
EPS (Basic) Growth
-10.21% +33.26% +9.07% +17.64%
Basic Shares Outstanding
192.54M 191.40M 192.06M 192.47M
EPS (Diluted)
5.0434 6.7148 7.3025 8.5938
EPS (Diluted) Growth
-10.04% +33.14% +8.75% +17.68%
Diluted Shares Outstanding
193.04M 192.06M 193.28M 193.62M
EBITDA
1.19B 1.27B 1.77B 2.06B
EBITDA Growth
-13.23% +6.55% +39.69% +16.41%
EBITDA Margin
+24.52% +24.29% +28.17% +28.50%

Snapshot

Average Recommendation HOLD Average Target Price 265.40
Number of Ratings 10 Current Quarters Estimate 1.815
FY Report Date 03 / 2026 Current Year's Estimate 9.392
Last Quarter’s Earnings 2.79 Median PE on CY Estimate N/A
Year Ago Earnings 8.56 Next Fiscal Year Estimate 10.16
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 8 8 8 8
Mean Estimate 1.81 2.32 9.39 10.16
High Estimates 1.96 2.43 9.50 10.49
Low Estimate 1.64 2.15 9.35 9.74
Coefficient of Variance 5.72 3.60 0.57 2.51

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 2 2 2
OVERWEIGHT 0 0 1
HOLD 4 4 4
UNDERWEIGHT 4 4 2
SELL 0 0 2
MEAN Hold Hold Hold

Insider Actions for Garmin Ltd. - GRMN

Date Name Shares Transaction Value
Mar 17, 2026 Jonathan C. Burrell Director 1,459,500 Bona fide gift 0.00
Mar 17, 2026 Jonathan C. Burrell Director 5,000,352 Bona fide gift 0.00
Mar 17, 2026 Jonathan C. Burrell Director 1,326,443 Bona fide gift 0.00
Mar 17, 2026 Jonathan C. Burrell Director 25,000 Bona fide gift 0.00
Mar 17, 2026 Jonathan C. Burrell Director 4,776,352 Bona fide gift 0.00
Mar 17, 2026 Jonathan C. Burrell Director 249,000 Bona fide gift 0.00
Dec 5, 2025 Jonathan C. Burrell Director 5,000,352 Bona fide gift 0.00
Jun 17, 2025 Jonathan C. Burrell Director 1,382,199 Bona fide gift 0.00
Jun 10, 2025 Jonathan C. Burrell Director 9,624 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00

Garmin Ltd. in the News