A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
Company Overview For more than 35 years, Garmin Ltd. and its subsidiaries (collectively, we, our, us, the Company or Garmin) have pioneered new products, many of which feature location technology such as Global Positioning System (GPS), services and applications that are designed for people who live an active lifestyle. Garmin serves five primary markets: fitness, outdoor, aviation, marine, and auto OEM. Garmin designs, develops, manufactures, markets, and distributes a diverse family of GPS-enabled products and other navigation, communications, sensor-based and information products and services for these markets, as well as products installed by original equipment manufacturers (OEMs) and for aftermarket applications. Since the inception of its business, Garmin has delivered over 300 million products, which included more than 20 million products delivered during fiscal 2025.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 7.2B | 7.2B | 6.3B | 5.2B | 4.9B | 5.0B |
| Net Income | 1.7B | 1.7B | 1.4B | 1.3B | 974M | 1.1B |
| EPS | $8.59 | $8.59 | $7.30 | $6.71 | $5.04 | $5.61 |
| Free Cash Flow | 1.4B | 1.4B | 1.2B | 1.2B | 544M | 705M |
| ROIC | 23.1% | 30.4% | 32.0% | 27.9% | 28.7% | 39.5% |
| Gross Margin | 58.7% | 58.7% | 58.7% | 57.5% | 57.7% | 58.0% |
| Debt/Equity | 0.00 | 0.23 | 0.23 | 0.23 | 0.25 | 0.28 |
| Dividends/Share | $3.43 | $3.60 | $3.00 | $2.92 | $2.92 | $2.68 |
| Operating Income | 1.9B | 1.9B | 1.6B | 1.1B | 1.0B | 1.2B |
| Operating Margin | 25.9% | 25.9% | 25.3% | 20.9% | 21.1% | 24.5% |
| ROE | 18.5% | 19.8% | 18.0% | 18.4% | 15.8% | 18.6% |
| Shares Outstanding | 194M | 194M | 193M | 192M | 193M | 193M |
GARMIN LTD passes 5 of 9 quality checks, suggesting mixed fundamentals.
GARMIN LTD trades at 30.5x trailing earnings, compared to its 15-year median P/E of 17.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 36.9x vs a median of 25.1x. The company's 5-year average ROIC is 31.7% with a gross margin of 58.1%. Total shareholder yield (dividends) is 1.3%. At current prices, the estimated annualized return to fair value is +11.3%.
GARMIN LTD (GRMN) has a current P/E ratio of 30.5, compared to its historical median P/E of 17.9. The stock is currently considered Expensive based on its historical valuation range.
GARMIN LTD (GRMN) has a 5-year average return on invested capital (ROIC) of 31.7%. This indicates strong capital allocation and a potential competitive advantage.
GARMIN LTD (GRMN) has a market capitalization of $50.7B. It is classified as a large-cap stock.
Yes, GARMIN LTD (GRMN) pays a dividend with a trailing twelve-month yield of 1.31%.
Based on historical P/E analysis, GARMIN LTD (GRMN) appears expensive. The current P/E of 30.5 is 70% above its historical median of 17.9. The estimated fair value CAGR (P/E method) is 11.7%.
GARMIN LTD (GRMN) operates in the Search, Detection, Navigation, Guidance, Aeronautical Sys industry, within the Technology sector.
GARMIN LTD (GRMN) reported annual revenue of $7.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
GARMIN LTD (GRMN) has a net profit margin of 23.0%. This is a strong margin indicating high profitability.
GARMIN LTD (GRMN) generated $1.4 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
GARMIN LTD (GRMN) has a debt-to-equity ratio of 0.23. This indicates a conservatively financed balance sheet.
GARMIN LTD (GRMN) reported earnings per share (EPS) of $8.59 in its most recent fiscal year.
GARMIN LTD (GRMN) has a return on equity (ROE) of 19.8%. This indicates the company generates strong returns for shareholders.
GARMIN LTD (GRMN) has a 5-year average gross margin of 58.1%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 19 years of financial data for GARMIN LTD (GRMN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
GARMIN LTD (GRMN) has a book value per share of $46.32, based on its most recent annual SEC filing.