What is Garmin's outdoor — goodwill?

Garmin (GRMN) reported outdoor — goodwill of $182.95M in Q4 2025.

How has Garmin's outdoor — goodwill changed year-over-year?

Garmin's outdoor — goodwill increased by 3.4% year-over-year, from $177M to $182.95M.

What does outdoor — goodwill mean?

The intangible value recorded on the balance sheet from past acquisitions made by the Outdoor segment.

How do you interpret outdoor — goodwill?

Stable or growing goodwill reflects successful past acquisitions, while significant decreases may signal impairment charges.

How does outdoor — goodwill compare across companies?

Standard balance sheet item for companies that grow through acquisition.

Garmin GRMN Outdoor — Goodwill

Other segment segments

Fitness

$382.42M+60.0%

Marine

$134.53M+5.4%

Aviation

$60.35M0.0%

Auto

$0—

Similar metrics at other companies

SWKTools & Outdoor — Goodwill

$6.01B+1.0%

BRORetail — Goodwill

$9.17B+66.4%

BROPrograms — Goodwill

$1.95B+5.3%

GNRCDomestic — Goodwill

$1.04B-0.6%

KMBNA — Goodwill

$1.11B0.0%

GPCOffice Products — Goodwill

$82.1M+45.3%

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

See full

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: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 outdoor — goodwill?: Garmin (GRMN) reported outdoor — goodwill of $182.95M in Q4 2025.
How has Garmin's outdoor — goodwill changed year-over-year?: Garmin's outdoor — goodwill increased by 3.4% year-over-year, from $177M to $182.95M.
What does outdoor — goodwill mean?: The intangible value recorded on the balance sheet from past acquisitions made by the Outdoor segment.
How do you interpret outdoor — goodwill?: Stable or growing goodwill reflects successful past acquisitions, while significant decreases may signal impairment charges.
How does outdoor — goodwill compare across companies?: Standard balance sheet item for companies that grow through acquisition.