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garmin ltd. - GRMN

GRMN

Close Chg Chg %
199.47 2.78 1.39%

Closed Market

202.24

+2.78 (1.39%)

Volume: 1.39M

Last Updated:

Dec 4, 2025, 4:00 PM EDT

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Company Overview: garmin ltd. - GRMN

GRMN Key Data

Open

$199.00

 Day Range

199.00 - 205.47

52 Week Range

169.26 - 261.69

 Market Cap

$38.36B

Shares Outstanding

192.34M

 Public Float

163.29M

Beta

1.01

 Rev. Per Employee

N/A

P/E Ratio

24.30

 EPS

$8.17

Yield

174.97%

 Dividend

$0.90

EX-DIVIDEND DATE

Dec 12, 2025

 SHORT INTEREST

N/A

AVERAGE VOLUME

1.13M

  

GRMN Performance

1 Week
 
 3.47%
 
1 Month
 
 0.46%
 
3 Months
 
 -14.87%
 
1 Year
 
 -7.54%
 
5 Years
 
 66.55%
 

GRMN Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 11
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 2
Schaffhausen, Schaffhausen 8200
Phone 41-52-630-16-00 Revenue 6.30B
Industry Telecommunications Equipment Net Income 1.41B
Sector Electronic Technology 2024 Sales Growth 20.44%
Fiscal Year-end 12 / 2025 Employees 21,800
View SEC Filings

GRMN Valuation

P/E Current 24.301
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 28.67
Price to Sales Ratio 6.426
Price to Book Ratio 5.134
Price to Cash Flow Ratio 28.25
Enterprise Value to EBITDA 21.496
Enterprise Value to Sales 6.055
Total Debt to Enterprise Value 0.004

GRMN Efficiency

Revenue/Employee 288,848.761
Income Per Employee 64,744.771
Receivables Turnover 6.308
Total Asset Turnover 0.691

GRMN Liquidity

Current Ratio 3.523
Quick Ratio 2.545
Cash Ratio 1.658

GRMN Profitability

Gross Margin 58.704
Operating Margin 25.314
Pretax Margin 26.924
Net Margin 22.415
Return on Assets 15.481
Return on Equity 18.996
Return on Total Capital 17.618
Return on Invested Capital 18.684

GRMN Capital Structure

Total Debt to Total Equity 2.074
Total Debt to Total Capital 2.032
Total Debt to Total Assets 1.69
Long-Term Debt to Equity 1.719
Long-Term Debt to Total Capital 1.684
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Garmin Ltd. - GRMN

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
4.98B 4.86B 5.23B 6.30B
Sales Growth
+19.02% -2.46% +7.57% +20.44%
Cost of Goods Sold (COGS) incl D&A
2.09B 2.05B 2.22B 2.60B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
154.82M 163.85M 177.57M 179.74M
Depreciation
103.50M 118.74M 132.35M 140.49M
Amortization of Intangibles
51.32M 45.11M 45.23M 39.24M
COGS Growth
+22.70% -1.86% +8.27% +16.96%
Gross Income
2.89B 2.81B 3.00B 3.70B
Gross Income Growth
+16.49% -2.90% +7.06% +23.02%
Gross Profit Margin
+58.01% +57.75% +57.48% +58.70%
2021 2022 2023 2024 5-year trend
SG&A Expense
1.67B 1.78B 1.91B 2.10B
Research & Development
840.02M 834.93M 904.70M 993.60M
Other SG&A
831.82M 944.00M 1.01B 1.11B
SGA Growth
+17.15% +6.41% +7.53% +9.92%
Other Operating Expense
- - - -
-
Unusual Expense
- - - -
-
EBIT after Unusual Expense
1.22B 1.03B 1.09B 1.59B
Non Operating Income/Expense
(11.82M) 37.13M 108.20M 101.41M
Non-Operating Interest Income
28.57M 40.83M 77.30M 113.52M
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
- - - -
-
Interest Expense Growth
- - - -
-
Gross Interest Expense
- - - -
-
Interest Capitalized
- - - -
-
Pretax Income
1.21B 1.06B 1.20B 1.70B
Pretax Income Growth
+9.37% -11.75% +12.71% +41.24%
Pretax Margin
+24.22% +21.91% +22.96% +26.92%
Income Tax
124.60M 91.39M (89.28M) 283.96M
Income Tax - Current - Domestic
(18.97M) 58.51M 32.74M 116.56M
Income Tax - Current - Foreign
149.01M 175.34M 217.71M 257.04M
Income Tax - Deferred - Domestic
(50.76M) (178.89M) (148.89M) (158.38M)
Income Tax - Deferred - Foreign
45.31M 36.44M (190.83M) 68.74M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
1.08B 973.59M 1.29B 1.41B
Minority Interest Expense
- - - -
-
Net Income
1.08B 973.59M 1.29B 1.41B
Net Income Growth
+9.06% -10.04% +32.46% +9.44%
Net Margin Growth
+21.72% +20.03% +24.67% +22.41%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
1.08B 973.59M 1.29B 1.41B
Preferred Dividends
- - - -
-
Net Income Available to Common
1.08B 973.59M 1.29B 1.41B
EPS (Basic)
5.6312 5.0564 6.738 7.3489
EPS (Basic) Growth
+8.44% -10.21% +33.26% +9.07%
Basic Shares Outstanding
192.18M 192.54M 191.40M 192.06M
EPS (Diluted)
5.606 5.0434 6.7148 7.3025
EPS (Diluted) Growth
+8.41% -10.04% +33.14% +8.75%
Diluted Shares Outstanding
193.04M 193.04M 192.06M 193.28M
EBITDA
1.37B 1.19B 1.27B 1.77B
EBITDA Growth
+16.30% -13.23% +6.55% +39.69%
EBITDA Margin
+27.56% +24.52% +24.29% +28.17%

Snapshot

Average Recommendation HOLD Average Target Price 228.60
Number of Ratings 11 Current Quarters Estimate 2.395
FY Report Date 12 / 2025 Current Year's Estimate 8.191
Last Quarter’s Earnings 1.99 Median PE on CY Estimate N/A
Year Ago Earnings 7.39 Next Fiscal Year Estimate 8.772
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 7 7 8 8
Mean Estimate 2.40 1.71 8.19 8.77
High Estimates 2.46 1.86 8.30 9.25
Low Estimate 2.38 1.57 8.15 8.29
Coefficient of Variance 1.23 5.33 0.69 3.41

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 2 1 1
OVERWEIGHT 1 1 0
HOLD 4 5 4
UNDERWEIGHT 2 2 4
SELL 2 2 2
MEAN Hold Hold Underweight

Insider Actions for Garmin Ltd. - GRMN

Date Name Shares Transaction Value
Dec 2, 2025 Jonathan C. Burrell Director 1,121,200 Bona fide gift 0.00
Dec 2, 2025 Jonathan C. Burrell Director 4,555,352 Bona fide gift 0.00
Dec 2, 2025 Jonathan C. Burrell Director 1,634,743 Bona fide gift 0.00
Dec 2, 2025 Jonathan C. Burrell Director 470,000 Bona fide gift 0.00
Dec 2, 2025 Jonathan C. Burrell Director 1,109,100 Bona fide gift 0.00
Dec 2, 2025 Jonathan C. Burrell Director 1,646,843 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 5,725,248 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
Mar 12, 2025 Susan Lyman VP, Consumer Sales & Marketing 8,432 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $215.51 per share 1,817,180.32
Mar 3, 2025 Douglas Gerard Boessen CFO and Treasurer 33,144 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $225.26 per share 7,466,017.44
Mar 3, 2025 Douglas Gerard Boessen CFO and Treasurer 32,454 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $226.05 per share 7,336,226.70
Mar 3, 2025 Douglas Gerard Boessen CFO and Treasurer 31,205 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $227.13 per share 7,087,591.65
Mar 3, 2025 Matthew Munn EVP, Man. Director - Auto OEM 11,450 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $225.31 per share 2,579,799.50
Mar 3, 2025 Douglas Gerard Boessen CFO and Treasurer 30,936 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $227.87 per share 7,049,386.32
Feb 28, 2025 Clifton Albert Pemble President and CEO; Director 149,525 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $228.34 per share 34,142,538.50
Feb 28, 2025 Clifton Albert Pemble President and CEO; Director 149,653 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $227.56 per share 34,055,036.68
Feb 28, 2025 Clifton Albert Pemble President and CEO; Director 154,424 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $226.39 per share 34,960,049.36
Feb 28, 2025 Patrick G. Desbois co-COO 69,662 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $225.09 per share 15,680,219.58
Feb 28, 2025 Joshua H. Maxfield VP, General Counsel 13,517 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $226.04 per share 3,055,382.68

Garmin Ltd. in the News