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Garmin GRMN EV / sales

EV / sales at other companies

Raytheon Technologies logo
Raytheon TechnologiesRTX
3.2×+0.6×
Apple logo
AppleAAPL
8.3×-0.2×
Honeywell International logo
Honeywell InternationalHON
4.5×-0.1×
Teledyne Technologies logo
Teledyne TechnologiesTDY
4.8×+0.3×
Nike logo
NikeNKE
2.2×-0.3×
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

Calculated from Garmin’s reported figures.

Based on the most recent quarter.

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 EV / sales?
Garmin (GRMN) reported EV / sales of 5.7× in Q1 2026.
How has Garmin's EV / sales changed year-over-year?
Garmin's EV / sales decreased by 7.5% year-over-year, from 6.2× to 5.7×.
What is the long-term trend for Garmin's EV / sales?
Over 5 years (2020 to 2025), Garmin's EV / sales has grown at a -0.3% compound annual growth rate (CAGR), from 5.2× to 5.1×.
What does EV / sales mean?
What the whole business costs relative to its annual sales.
How do you interpret EV / sales?
A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?
Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.