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Garmin GRMN Change in AR

Change in AR at other companies

Apple logo
AppleAAPL
-$9.45B-158%
Honeywell International logo
Honeywell InternationalHON
$447M+5.4%
Nike logo
NikeNKE
$806M+27.7%
General Dynamics logo
General DynamicsGD
-$152M-148%
TransDigm Group logo
TransDigm GroupTDG
$159M+8.9%
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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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

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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

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

Valuation

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Market cap$45.17B+6.9%
Enterprise value$43.04B+7.0%
P/E26×-2.8×
P/S6.1×-0.5×

Profitability

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

Returns & leverage

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

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsReceivable.

The official record: Garmin’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Garmin's change in AR?
Garmin (GRMN) reported change in AR of -$301.79M in Q1 2026.
How has Garmin's change in AR changed year-over-year?
Garmin's change in AR decreased by 41.6% year-over-year, from -$213.09M to -$301.79M.
What is the long-term trend for Garmin's change in AR?
Over 3 years (2021 to 2025), Garmin's change in AR has grown at a 126.8% compound annual growth rate (CAGR), from $19.11M to $222.81M.
What does change in AR mean?
The change in money owed to the company by its customers.
How do you interpret change in AR?
A consistent increase relative to revenue may signal deteriorating collection efficiency or aggressive sales tactics.
How does change in AR compare across companies?
Peers in hardware distribution typically manage this based on seasonal sales cycles.