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Garmin GRMN Fitness — Goodwill

Other segment segments

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$182.95M+3.4%
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$60.35M0.0%
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$0

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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×
Current ratio4.4×+0.3×

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: Garmin’s 10-K, filed February 18, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Garmin's fitness — goodwill?
Garmin (GRMN) reported fitness — goodwill of $382.42M in Q4 2025.
How has Garmin's fitness — goodwill changed year-over-year?
Garmin's fitness — goodwill increased by 60.0% year-over-year, from $238.96M to $382.42M.
What does fitness — goodwill mean?
The value of intangible assets acquired through business purchases within the fitness segment.
How do you interpret fitness — goodwill?
A stable or growing balance reflects successful past acquisitions, while a sudden decrease suggests impairment of acquired assets.
How does fitness — goodwill compare across companies?
Standard accounting treatment for goodwill on balance sheets.