Skip to content
Garmin logo

Garmin

GRMN

Garmin is a global leader in the design, manufacture, and distribution of GPS-enabled and sensor-based technology products.

Market cap
$46.98B+12.0%
Revenue$7.5B+15.7%
Net income$1.7B+18.3%
Free cash flow$1.5B+19.2%
EPS (diluted)$8.96+18.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 29, 2026 (In 2 weeks)
Revenue estimate$1.9B
EPS estimate$2.27

Financials

Q1 2026

Income statement

See full
Revenue$1.8B+14.2%
Gross profit$1.0B+17.8%
Operating income$431.7M+29.7%
Net income$405.1M+21.7%
EPS (diluted)$2.09+21.5%

Balance sheet

See full
Cash & equivalents$2.3B+5.3%
Total debt$167.6M+19.5%
Total equity$9.3B+13.3%
Total assets$11.0B+11.9%

Cash flow

See full
Operating cash flow$536.0M+27.4%
CapEx$66.6M+66.3%
Free cash flow$469.4M+23.3%

Valuation & ratios

Valuation

See full
Market cap$46.98B+12.0%
Enterprise value$44.86B+14.5%
P/E27.1×+0.9×
P/S6.3×+0.2×

Profitability

See full
Gross margin59.1%+0.6pp
Operating margin26.5%+1.2pp
Net margin23.3%+0.5pp
FCF margin19.4%+0.6pp

Returns & leverage

See full
Return on equity19.9%+0.9pp
Debt / equity0.0×
Current ratio4.4×+0.3×

Segments

By segment

See full
Fitness$546.8M+42.1%
Outdoor$417.5M-4.8%
Marine$355.0M+11.1%
Aviation$263.8M+18.3%
Auto Oem$170.3M+0.6%

By geography

See full
Americas$821.6M+10.2%
EMEA$656.8M+15.4%
Asia Pacific$275.0M+24.8%

Competitors

Profile

Garmin is a global leader in the design, manufacture, and distribution of GPS-enabled and sensor-based technology products. The company operates a vertically integrated business model to provide navigation, communication, and information solutions across diverse lifestyle and professional markets. Its core value proposition centers on high-performance, innovative hardware and software ecosystems for people who live active lifestyles or operate in specialized aviation and marine environments.

Competitive position

Garmin maintains a leading position through vertical integration of its manufacturing and a diverse portfolio that mitigates reliance on any single consumer or professional market.

GeographiesAmericas, Asia Pacific, Europe, Middle East, Africa
Customer segmentsConsumers, Original Equipment Manufacturers, Government and Military
Business modelManufacturing, Direct-to-Consumer, B2B, Subscription SaaS
SuppliersSemiconductor manufacturers, Memory chip suppliers, Satellite network operators (GPS, GLONASS, Galileo, BeiDou), Raw material providers
CustomersIndependent retailers, Specialized dealers, Aircraft manufacturers, Automotive manufacturers, Direct consumers
Listed2000
Employees19.9K
CEOClifton Albert Pemble
Websitegarmin.com
FilingsSEC EDGAR

Questions, answered.

What is Garmin's market cap?
Garmin (GRMN) has a market capitalization of $47.0B and trades on NYSE.
What is Garmin's revenue and profitability?
Garmin generated $7.5B in trailing twelve-month revenue with net income of $1.7B, representing a net margin of 23.3%. Gross margin stands at 59.1%, with free cash flow of $1.5B. These figures are based on the Q1 2026 filing.
Who are Garmin's competitors?
Garmin's key competitors include Teledyne (Raymarine), Brunswick (Navico), Honeywell Aerospace & Defense, and others. These companies compete in similar markets and product categories.
Who does Garmin partner with?
Garmin's notable partners include SiriusXM.
What subsidiaries does Garmin have?
Garmin's subsidiaries include Tacx, Fusion, JL Audio, and others.
Where is Garmin headquartered?
Garmin is headquartered in Switzerland and employs approximately 19,900 people. It has been publicly traded since 2000.