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XNYS
GRMN
Market cap34bUSD
Apr 04, Last price  
178.46USD
1D
-3.71%
1Q
-13.85%
Jan 2017
268.03%
Name

Garmin Ltd

Chart & Performance

D1W1MN
P/E
24.33
P/S
5.45
EPS
7.34
Div Yield, %
1.67%
Shrs. gr., 5y
0.27%
Rev. gr., 5y
10.88%
Revenues
6.30b
+20.44%
1,027,773,0001,774,000,0003,180,319,0003,494,077,0002,946,440,0002,689,911,0002,758,569,0002,715,675,0002,631,851,0002,870,658,0002,820,270,0003,018,665,0003,087,004,0003,347,444,0003,757,505,0004,186,573,0004,982,795,0004,860,286,0005,228,252,0006,296,903,000
Net income
1.41b
+9.44%
311,219,000514,123,000855,011,000732,848,000703,950,000584,603,000520,896,000542,403,000612,412,000364,211,000456,227,000510,814,000694,955,000694,080,000952,486,000992,324,0001,082,200,000973,585,0001,289,636,0001,411,436,000
CFO
1.43b
+4.08%
247,005,000361,855,000682,088,000862,164,0001,094,456,000770,637,000822,334,000684,745,000630,084,000522,711,000280,467,000705,682,000660,842,000919,520,000698,549,0001,135,267,0001,012,427,000788,259,0001,376,265,0001,432,471,000
Dividend
Jun 16, 20250 USD/sh
Earnings
Apr 29, 2025

Profile

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; and fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices and mobile apps, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising 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 transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded computing models and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, online retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.
URL
https://www.garmin.com/
IPO date
Dec 08, 2000
Employees
19,700
Domiciled in
CH
Incorporated in
CH

Valuation

Title
USD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2024‑122023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑12
Income
Revenues
6,296,903
20.44%
5,228,252
7.57%
4,860,286
-2.46%
Cost of revenue
3,593,949
4,136,092
3,832,441
Unusual Expense (Income)
NOPBT
2,702,954
1,092,160
1,027,845
NOPBT Margin
42.93%
20.89%
21.15%
Operating Taxes
283,965
(89,280)
91,389
Tax Rate
10.51%
8.89%
NOPAT
2,418,989
1,181,440
936,456
Net income
1,411,436
9.44%
1,289,636
32.46%
973,585
-10.04%
Dividends
(572,355)
(558,769)
(679,096)
Dividend yield
1.41%
2.26%
3.81%
Proceeds from repurchase of equity
(62,348)
(98,988)
(138,791)
BB yield
0.15%
0.40%
0.78%
Debt
Debt current
25,149
Long-term debt
269,772
226,070
229,082
Deferred revenue
36,148
35,702
Other long-term liabilities
36,111
16,957
34,987
Net debt
(2,230,966)
(2,867,191)
(2,406,611)
Cash flow
Cash from operating activities
1,432,471
1,376,265
788,259
CAPEX
(193,571)
(193,524)
(246,193)
Cash from investing activities
(393,333)
(332,972)
(145,124)
Cash from financing activities
(626,857)
(636,509)
(840,617)
FCF
2,173,989
989,127
479,153
Balance
Cash
2,500,738
1,968,070
1,452,482
Long term investments
1,125,191
1,208,360
Excess cash
2,185,893
2,831,848
2,417,828
Stockholders' equity
5,871,435
5,217,502
4,636,963
Invested Capital
5,833,502
4,346,352
3,750,711
ROIC
47.53%
29.18%
26.51%
ROCE
33.28%
14.98%
16.32%
EV
Common stock shares outstanding
193,465
192,058
193,042
Price
209.36
62.88%
128.54
39.28%
92.29
-31.37%
Market cap
40,503,832
64.07%
24,687,135
38.57%
17,815,846
-31.37%
EV
38,272,866
21,819,944
15,409,235
EBITDA
2,843,448
1,269,732
1,191,698
EV/EBITDA
13.46
17.18
12.93
Interest
40,826
Interest/NOPBT
3.97%