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Garmin GRMN Current ratio

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3.2×-1.6×

Other financials

Income statement

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Revenue$2.0B+11.4%
Gross profit$1.3B+18.3%
Operating income$615.5M+30.3%
Net income$541.9M+35.2%
EPS (diluted)$2.80+35.3%

Balance sheet

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Cash & equivalents$2.3B+12.6%
Total debt$178.0M+19.7%
Total equity$9.0B+11.1%
Total assets$11.4B+10.7%

Cash flow

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Operating cash flow$403.6M+133%
CapEx$127.8M+180%
Free cash flow$275.8M+116%

Valuation

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Market cap$58.35B+31.7%
Enterprise value$56.19B+32.6%
P/E31.1×+2.8×
P/S7.6×+1.1×

Profitability

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Gross margin60.1%+1.1pp
Operating margin27.6%+1.6pp
Net margin24.5%+1.3pp
FCF margin20.9%+4.2pp

Returns & leverage

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Return on equity21.9%+1.2pp
Debt / equity0.0×

Where this comes from

Calculated from Garmin’s reported figures.

Based on the most recent quarter.

The source filing: Garmin’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 7:00 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-322114

FAQ

What is Garmin's current ratio?
Garmin (GRMN) reported current ratio of 3× in Q2 2026.
How has Garmin's current ratio changed year-over-year?
Garmin's current ratio increased by 0.5% year-over-year, from 3× to 3×.
What is the long-term trend for Garmin's current ratio?
Over 5 years (2020 to 2025), Garmin's current ratio has grown at a 2.9% compound annual growth rate (CAGR), from 3.2× to 3.6×.
What does current ratio mean?
Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

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