What is Garmin's contract liabilities, non-current?

Garmin (GRMN) reported contract liabilities, non-current of $22.53M in Q1 2026.

How has Garmin's contract liabilities, non-current changed year-over-year?

Garmin's contract liabilities, non-current decreased by 11.7% year-over-year, from $25.53M to $22.53M.

What is the long-term trend for Garmin's contract liabilities, non-current?

Over 5 years (2020 to 2025), Garmin's contract liabilities, non-current has grown at a -14.9% compound annual growth rate (CAGR), from $49.93M to $22.28M.

Garmin GRMN Contract Liabilities, Non-Current

Contract Liabilities, Non-Current at other companies

Honeywell InternationalHON

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General DynamicsGD

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General ElectricGE

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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 / equity0×0.0×

Current ratio4.4×+0.3×

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

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 contract liabilities, non-current?: Garmin (GRMN) reported contract liabilities, non-current of $22.53M in Q1 2026.
How has Garmin's contract liabilities, non-current changed year-over-year?: Garmin's contract liabilities, non-current decreased by 11.7% year-over-year, from $25.53M to $22.53M.
What is the long-term trend for Garmin's contract liabilities, non-current?: Over 5 years (2020 to 2025), Garmin's contract liabilities, non-current has grown at a -14.9% compound annual growth rate (CAGR), from $49.93M to $22.28M.