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Garmin GRMN Enterprise value

Enterprise value at other companies

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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%
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

Calculated from Garmin’s reported figures.

$44.7Bmarket cap+$167.6Mtotal debt−$2.3Bcash and equivalents=$42.54B

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 enterprise value?
Garmin (GRMN) reported enterprise value of $42.54B in Q1 2026.
How has Garmin's enterprise value changed year-over-year?
Garmin's enterprise value increased by 7.0% year-over-year, from $39.74B to $42.54B.
What is the long-term trend for Garmin's enterprise value?
Over 5 years (2020 to 2025), Garmin's enterprise value has grown at a 11.3% compound annual growth rate (CAGR), from $21.65B to $36.93B.
What does enterprise value mean?
What it would cost to buy the entire business, debt included and cash netted out.
How do you interpret enterprise value?
The capital-structure-neutral valuation base — used in EV/EBITDA and EV/Sales to compare companies with different leverage on a like-for-like footing.
How does enterprise value compare across companies?
Comparable across non-financial companies via the EV multiples it feeds; not used for banks and insurers.