stockportfolio.pro
Garmin Ltd. (GRMN)
Technology · Scientific & Technical Instruments · NYSE
Garmin Ltd. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.02B | $3.12B | $3.35B | $3.76B | $4.19B | $4.98B | $4.86B | $5.23B | $6.30B | $7.25B |
| Gross profit | $1.69B | $1.80B | $1.98B | $2.23B | $2.48B | $2.89B | $2.81B | $3.00B | $3.70B | $4.26B |
| Net income | $517.72M | $709.01M | $694.08M | $952.49M | $992.32M | $1.08B | $973.59M | $1.29B | $1.41B | $1.66B |
| Net margin | 17.2% | 22.7% | 20.7% | 25.3% | 23.7% | 21.7% | 20.0% | 24.7% | 22.4% | 23.0% |
Source: Garmin Ltd. SEC filings (10-K). 19 years of history available in the interactive view.
What growth is priced into GRMN stock?
At today's market cap of $45.87B, Garmin Ltd. is priced for free-cash-flow growth of about 14.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.36B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 7.5%/yr over the last five fiscal years and revenue 11.6%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 19 years of Garmin Ltd. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track GRMN in your portfolio →
Garmin Ltd. financial history by metric
About Garmin Ltd.
Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, which enables third parties to create applications that run on Garmin devices. It also provides adventure watches; outdoor handhelds and satellite communicators; golf devices; consumer automotive; dog devices; InReach and Gramin response; and dive devices. In addition, it designs, manufactures, and markets various aircraft avionics solutions, including integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponders, weather information and avoidance solutions, datalink and connectivity solutions, and portable GPS navigators and wearables, as well as service products to the aviation market. Further, it offers chartplotters and multi-function displays, cartography, fishfinders, sonar, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing, audio, digital switching, trolling motors, and lighting; and domain controllers and infotainment units, as well as software, map database, camera, wearable, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, OEM, and online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.
Garmin Ltd. — frequently asked questions
What is Garmin Ltd.'s revenue?
Garmin Ltd. (GRMN) reported revenue of $7.25B for fiscal year 2025, up 15.1% from the prior year, according to its SEC filings.
Is Garmin Ltd. profitable?
Yes. GRMN earned net income of $1.66B in fiscal 2025, a net margin of 23.0%.
What is GRMN's P/E ratio?
Garmin Ltd. trades at a price-to-earnings ratio of about 26.5 based on the latest data in our nightly-refreshed cache.
How fast is Garmin Ltd. growing?
GRMN's revenue grew at roughly 11.6% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Garmin Ltd. have?
As of fiscal year 2025, GRMN carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Garmin Ltd.'s gross margin?
GRMN's gross margin was 58.7% in fiscal 2025 — gross profit of $4.26B on revenue of $7.25B.
What is Garmin Ltd.'s market cap?
Garmin Ltd. (GRMN) has a market capitalization of about $45.87B, based on the latest data in our nightly-refreshed cache.
When does Garmin Ltd.'s fiscal year end?
GRMN's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into GRMN stock?
At today's market cap of $45.87B, Garmin Ltd. is priced for free-cash-flow growth of about 14.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.36B from the FY ending 2025-12-31). For comparison, free cash flow actually grew 7.5%/yr over the last five fiscal years and revenue 11.6%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Garmin Ltd.'s official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.