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Garmin GRMN TW — Income Tax Paid Foreign After Refund Received

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GNRCNon Us — Income Tax Paid Foreign After Refund Received
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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:IncomeTaxPaidForeignAfterRefundReceived.

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 TW — income tax paid foreign after refund received?
Garmin (GRMN) reported TW — income tax paid foreign after refund received of $16.6M in Q4 2025.
How has Garmin's TW — income tax paid foreign after refund received changed year-over-year?
Garmin's TW — income tax paid foreign after refund received increased by 20.4% year-over-year, from $13.78M to $16.6M.
What does TW — income tax paid foreign after refund received mean?
The net cash amount paid for foreign income taxes after accounting for any refunds.
How do you interpret TW — income tax paid foreign after refund received?
An increase in cash taxes paid relative to earnings may indicate higher tax burdens or changes in the timing of tax payments in foreign markets.
How does TW — income tax paid foreign after refund received compare across companies?
Used by analysts to reconcile cash flow statements with income tax provisions in international segments.