GARMIN LTD. financials
GRMN CIK 0001121788
Source: EDGAR filings · raw companyfacts JSON · Built 2026-04-25T10:05:09Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 1.36B | 1.24B | 1.18B | 543.97M | 704.78M | 949.87M |
| EBITDA | 2.03B | 1.73B | 1.22B | 1.15B | 1.32B | 1.13B |
| Working Capital | 4.53B | 3.83B | 3.15B | 2.74B | 2.81B | 2.51B |
| Net Debt | -2.08B | -1.92B | -1.55B | -1.14B | -1.41B | -1.36B |
| Gross Margin | 58.74% | 58.70% | 57.48% | 57.75% | 58.01% | 59.27% |
| Operating Margin | 25.89% | 25.31% | 20.89% | 21.15% | 24.46% | 25.18% |
| Net Margin | 22.96% | 22.41% | 24.67% | 20.03% | 21.72% | 23.70% |
| Return on Equity (ROE) | 18.54% | 17.98% | 18.39% | 15.69% | 17.70% | 17.99% |
| Return on Assets (ROA) | 15.13% | 14.66% | 14.99% | 12.59% | 13.78% | 14.11% |
| Current Ratio | 3.6325 | 3.5389 | 3.406 | 3.2643 | 2.9429 | 3.1518 |
| Debt-to-Equity | 0.0218 | 0.0207 | 0.0201 | 0.0225 | 0.0148 | 0.0172 |
| Effective Tax Rate | 17.41% | 16.75% | -7.44% | 8.58% | 10.32% | 10.07% |
| Cash Conversion Ratio | 0.9817 | 1.0149 | 1.0672 | 0.8096 | 0.9355 | 1.144 |
| Accruals Ratio | 0.0028 | -0.0022 | -0.0101 | 0.024 | 0.0089 | -0.0203 |
| SBC % of Revenue | 2.29% | 2.18% | 1.94% | 1.58% | 1.86% | 1.93% |
| CapEx Coverage | 6.0395 | 7.4002 | 7.1116 | 3.2268 | 3.2909 | 6.1233 |
| Free Cash Flow Per Share | $7.04 | $6.41 | $6.16 | $2.82 | $3.65 | $4.95 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 23.9243 | 28.6795 | 19.1565 | 18.3115 | 23.9715 | 23.2515 |
| P/FCF | 29.1947 | 32.6625 | 20.873 | 32.7513 | 36.8348 | 24.2853 |
| FCF Yield | 3.43% | 3.06% | 4.79% | 3.05% | 2.71% | 4.12% |
| EV / EBITDA | 18.4862 | 22.1267 | 18.8634 | 14.4301 | 18.5266 | 19.1327 |
| P/S | 5.4634 | 6.3992 | 4.715 | 3.6387 | 5.1983 | 5.5006 |
| P/B | 4.4118 | 5.1342 | 3.5155 | 2.8504 | 4.2364 | 4.1748 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 7.25B | 6.30B | 5.23B | 4.86B | 4.98B | 4.19B |
| Cost of Goods and Services Sold | 2.99B | 2.60B | 2.22B | 2.05B | 2.09B | 1.71B |
| Gross Profit | 4.26B | 3.70B | 3.00B | 2.81B | 2.89B | 2.48B |
| Research and Development Expense | 1.13B | 993.60M | 904.70M | 834.93M | 778.75M | 652.34M |
| Selling, General and Administrative Expense | 1.25B | 1.11B | 1.01B | 944.00M | 721.26M | 623.59M |
| Operating Expenses | 2.38B | 2.10B | 1.91B | 1.78B | 1.67B | 1.43B |
| Operating Income (Loss) | 1.88B | 1.59B | 1.09B | 1.03B | 1.22B | 1.05B |
| Income Tax Expense (Benefit) | 350.65M | 283.96M | -89.28M | 91.39M | 124.60M | 111.09M |
| Net Income (Loss) Attributable to Parent | 1.66B | 1.41B | 1.29B | 973.59M | 1.08B | 992.32M |
| Earnings Per Share, Basic | $8.65 | $7.35 | $6.74 | $5.06 | $5.63 | $5.19 |
| Weighted Average Number of Shares Outstanding, Basic | 192.47M | 192.06M | 191.40M | 192.54M | 192.18M | 191.09M |
| Earnings Per Share, Diluted | $8.59 | $7.30 | $6.71 | $5.04 | $5.61 | $5.17 |
| Weighted Average Number of Shares Outstanding, Diluted | 193.62M | 193.28M | 192.06M | 193.04M | 193.04M | 191.90M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 2.28B | 2.08B | 1.69B | 1.28B | 1.50B | 1.46B |
| Assets, Current | 6.25B | 5.34B | 4.46B | 3.96B | 4.26B | 3.67B |
| Assets | 10.99B | 9.63B | 8.60B | 7.73B | 7.85B | 7.03B |
| Liabilities, Current | 1.72B | 1.51B | 1.31B | 1.21B | 1.45B | 1.16B |
| Stockholders' Equity Attributable to Parent | 8.97B | 7.85B | 7.01B | 6.20B | 6.11B | 5.52B |
| Common Stock, Shares, Outstanding | 192.62M | 192.47M | 191.78M | 191.62M | 192.61M | 191.57M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 1.63B | 1.43B | 1.38B | 788.26M | 1.01B | 1.14B |
| Payments to Acquire Property, Plant, and Equipment | 270.45M | 193.57M | 193.52M | 244.29M | 307.64M | 185.40M |
| Net Cash Provided by (Used in) Investing Activities | -645.24M | -393.33M | -332.97M | -145.12M | -475.37M | -260.52M |
| Payments of Dividends | 663.88M | 572.36M | 558.77M | 679.10M | 491.46M | 450.63M |
| Net Cash Provided by (Used in) Financing Activities | -844.08M | -626.86M | -636.51M | -840.62M | -486.71M | -461.76M |
Derived Metrics
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 429.61M | 933.30M | 508.22M | 380.73M | 399.19M | 839.71M |
| EBITDA | 651.13M | 572.44M | 548.27M | 370.29M | 554.23M | 539.82M |
| Working Capital | 4.53B | 4.06B | 3.89B | 4.12B | 3.83B | 3.63B |
| Net Debt | -2.08B | -1.92B | -1.92B | -2.04B | -1.92B | -1.90B |
| Gross Margin | 59.21% | 59.09% | 58.80% | 57.62% | 59.25% | 60.00% |
| Operating Margin | 28.90% | 25.79% | 26.03% | 21.68% | 28.32% | 27.58% |
| Net Margin | 24.88% | 22.68% | 22.09% | 21.68% | 23.91% | 25.16% |
| Return on Equity (ROE) | 5.89% | 4.74% | 4.93% | 4.07% | 5.55% | 5.32% |
| Return on Assets (ROA) | 4.81% | 3.82% | 3.88% | 3.40% | 4.52% | 4.27% |
| Current Ratio | 3.6325 | 3.3162 | 3.012 | 4.095 | 3.5389 | 3.2999 |
| Debt-to-Equity | 0.0218 | 0.0184 | 0.0183 | 0.0171 | 0.0207 | 0.0146 |
| Effective Tax Rate | 16.79% | 21.22% | 16.54% | 14.47% | 15.58% | 17.92% |
| Cash Conversion Ratio | 1.0475 | 2.6881 | 1.4819 | 1.2645 | 1.1105 | 2.3767 |
| Accruals Ratio | -0.0023 | -0.0644 | -0.0187 | -0.009 | -0.005 | -0.0588 |
| SBC % of Revenue | 1.93% | 7.06% | 4.53% | 2.46% | 1.98% | 6.37% |
| CapEx Coverage | 4.4598 | 7.3805 | 6.9276 | 10.5034 | 5.7129 | 8.713 |
| Free Cash Flow Per Share | $2.22 | $4.82 | $2.63 | $1.97 | $2.07 | $4.35 |
Valuation Metrics
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 23.9243 | 29.6523 | 25.7235 | 28.1502 | 28.6795 | 22.108 |
| EV / EBITDA | 17.5072 | 21.6833 | 18.9776 | 20.8826 | 20.9002 | 19.0359 |
| P/S | 5.4634 | 6.6634 | 5.9362 | 6.3833 | 6.3992 | 5.612 |
| P/B | 4.4118 | 5.4569 | 4.9375 | 5.0339 | 5.1342 | 4.4534 |
Income Statement
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 2.12B | 1.77B | 1.81B | 1.54B | 1.82B | 1.59B |
| Cost of Goods and Services Sold | 866.70M | 724.41M | 747.55M | 650.55M | 742.64M | 634.42M |
| Gross Profit | 1.26B | 1.05B | 1.07B | 884.54M | 1.08B | 951.60M |
| Research and Development Expense | 294.98M | 286.46M | 276.66M | 268.12M | 258.75M | 249.16M |
| Selling, General and Administrative Expense | 349.12M | 303.22M | 318.05M | 283.60M | 305.09M | 264.96M |
| Operating Expenses | 644.11M | 589.68M | 594.72M | 551.72M | 563.84M | 514.12M |
| Operating Income (Loss) | 614.15M | 456.80M | 472.30M | 332.82M | 516.08M | 437.48M |
| Income Tax Expense (Benefit) | 106.70M | 108.20M | 79.43M | 56.31M | 80.41M | 87.14M |
| Net Income (Loss) Attributable to Parent | 528.68M | 401.62M | 400.82M | 332.77M | 435.73M | 399.11M |
| Earnings Per Share, Basic | $2.75 | $2.09 | $2.08 | $1.73 | $2.27 | $2.08 |
| Weighted Average Number of Shares Outstanding, Basic | 192.47M | 192.46M | 192.52M | 192.54M | 192.06M | 192.20M |
| Earnings Per Share, Diluted | $2.72 | $2.08 | $2.07 | $1.72 | $2.24 | $2.07 |
| Weighted Average Number of Shares Outstanding, Diluted | 193.62M | 193.53M | 193.42M | 193.72M | 193.28M | 193.17M |
Balance Sheet
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 2.28B | 2.07B | 2.07B | 2.18B | 2.08B | 2.01B |
| Assets, Current | 6.25B | 5.81B | 5.82B | 5.45B | 5.34B | 5.21B |
| Assets | 10.99B | 10.52B | 10.32B | 9.79B | 9.63B | 9.35B |
| Liabilities, Current | 1.72B | 1.75B | 1.93B | 1.33B | 1.51B | 1.58B |
| Stockholders' Equity Attributable to Parent | 8.97B | 8.48B | 8.13B | 8.18B | 7.85B | 7.51B |
| Common Stock, Shares, Outstanding | 192.62M | 192.38M | 192.54M | 192.71M | 192.47M | 192.14M |
Cash Flow Statement
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 553.78M | 1.08B | 593.96M | 420.79M | 483.89M | 948.58M |
| Payments to Acquire Property, Plant, and Equipment | 124.17M | 146.27M | 85.74M | 40.06M | 84.70M | 108.87M |
| Net Cash Provided by (Used in) Investing Activities | -131.41M | -513.83M | -246.11M | -132.60M | -202.57M | -190.76M |
| Payments of Dividends | 172.97M | 490.92M | 317.75M | 144.57M | 143.98M | 428.37M |
| Net Cash Provided by (Used in) Financing Activities | -218.60M | -625.48M | -415.75M | -204.81M | -177.42M | -449.43M |
Raw XBRL tagging for a single filing
Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.
Most recent filing shown by default.
Compare filings side-by-side
Diff any two filings with deltas and added / removed tags.
Immaterial rows are USD line items under
1% of the period's revenue — the noise floor below which a
single tag rarely moves the investment thesis. Revenue is
read from the filer's top-line concept
(Revenues / RevenueFromContractWithCustomerExcludingAssessedTax,
with a fallback chain). Non-USD rows, rows without a
numeric value, and every row on a filing with no
identifiable revenue anchor stay visible. Flip the switch
off to see every tag the filer reported for the period.
Income Statement
24 concepts 3 units Unit US$ · 20 concepts
Unit shares · 2 concepts
| Label | Value | Period |
|---|---|---|
| Weighted Average Number of Shares Outstanding, Basic | 192.47M | 2024-12-29 → 2025-12-27 |
| Weighted Average Number of Shares Outstanding, Diluted | 193.62M | 2024-12-29 → 2025-12-27 |
Unit US$ / share · 2 concepts
| Label | Value | Period |
|---|---|---|
| Earnings Per Share, Basic | $8.65 | 2024-12-29 → 2025-12-27 |
| Earnings Per Share, Diluted | $8.59 | 2024-12-29 → 2025-12-27 |
Comprehensive Income
6 concepts 1 unit Unit US$ · 6 concepts
| Label | Value | Period |
|---|---|---|
| Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax | 135.97M | 2024-12-29 → 2025-12-27 |
| OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax | 31.91M | 2024-12-29 → 2025-12-27 |
| OCI, Debt Securities, Available-for-Sale, Gain (Loss), after Adjustment and Tax | 31.91M | 2024-12-29 → 2025-12-27 |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 1.83B | 2024-12-29 → 2025-12-27 |
| Other Comprehensive Income (Loss), Tax | 10.54M | 2024-12-29 → 2025-12-27 |
| OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, Tax | 10.69M | 2024-12-29 → 2025-12-27 |
Balance Sheet
49 concepts 3 units Unit US$ · 44 concepts
Unit shares · 4 concepts
| Label | Value | Period |
|---|---|---|
| Common Stock, Shares Authorized | 194.90M | as of 2025-12-27 |
| Common Stock, Shares, Issued | 194.90M | as of 2025-12-27 |
| Common Stock, Shares, Outstanding | 192.62M | as of 2025-12-27 |
| Treasury Stock, Common, Shares | 2.28M | as of 2025-12-27 |
Unit US$ / share · 1 concept
| Label | Value | Period |
|---|---|---|
| Common Stock, Par or Stated Value Per Share | $0.10 | as of 2025-12-27 |
Cash Flow Statement
34 concepts 1 unit Unit US$ · 34 concepts
Notes
103 concepts 5 units Unit US$ · 92 concepts
Unit shares · 2 concepts
| Label | Value | Period |
|---|---|---|
| Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 0 | as of 2025-12-27 |
| Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 1.15M | 2024-12-29 → 2025-12-27 |
Unit US$ / share · 1 concept
| Label | Value | Period |
|---|---|---|
| Share Price | $205.51 | as of 2025-12-27 |
Unit pure · 6 concepts
| Label | Value | Period |
|---|---|---|
| Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 0.085 | 2024-12-29 → 2025-12-27 |
| Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent | 0.055 | 2024-12-29 → 2025-12-27 |
| Effective Income Tax Rate Reconciliation, Nondeductible Expense, Percent | -0.009 | 2024-12-29 → 2025-12-27 |
| Effective Income Tax Rate Reconciliation, Other Adjustments, Percent | 0.001 | 2024-12-29 → 2025-12-27 |
| Effective Income Tax Rate Reconciliation, Percent | 0.174 | 2024-12-29 → 2025-12-27 |
| Operating Lease, Weighted Average Discount Rate, Percent | 0.048 | as of 2025-12-27 |
Unit Segment · 2 concepts
| Label | Value | Period |
|---|---|---|
| Number of Operating Segments | 5 | 2024-12-29 → 2025-12-27 |
| Number of Reportable Segments | 5 | 2024-12-29 → 2025-12-27 |
Other
1 concepts 1 unit Unit US$ · 1 concept
| Label | Value | Period |
|---|---|---|
| Stock Issued During Period, Value, Treasury Stock Reissued | 58.01M | 2024-12-29 → 2025-12-27 |
Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (GRMN CIK 0001121788),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.