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Garmin GRMN TW — Income Tax Paid Foreign After Refund Received

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Other financials

Income statement

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Revenue$2.0B+11.4%
Gross profit$1.3B+18.3%
Operating income$615.5M+30.3%
Net income$541.9M+35.2%
EPS (diluted)$2.80+35.3%

Balance sheet

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Cash & equivalents$2.3B+12.6%
Total debt$178.0M+19.7%
Total equity$9.0B+11.1%
Total assets$11.4B+10.7%

Cash flow

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Operating cash flow$403.6M+133%
CapEx$127.8M+180%
Free cash flow$275.8M+116%

Valuation

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Market cap$58.35B+31.7%
Enterprise value$56.19B+32.6%
P/E31.1×+2.8×
P/S7.6×+1.1×

Profitability

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Gross margin60.1%+1.1pp
Operating margin27.6%+1.6pp
Net margin24.5%+1.3pp
FCF margin20.9%+4.2pp

Returns & leverage

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Return on equity21.9%+1.2pp
Debt / equity0.0×
Current ratio0.0×

Where this comes from

Reported directly by Garmin in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxPaidForeignAfterRefundReceived.

The source filing: Garmin’s 10-K, filed February 18, 2026.

Filed
Feb 18, 2026, 7:01 AM EST
Fiscal year
FY2025
Accession
0001193125-26-056028
Line itemFiscal Year Ended / December 27, 2025Fiscal Year Ended / December 28, 2024
Switzerland cantonal6,06419,141
Foreign
United States149,701128,863
Taiwan66,40555,138
United Kingdom21,17714,189
Other56,97030,280
Total Foreign$294,253$228,470
Total$317,005$319,404

Item 8. Financial Statements and Supplementary Data

FAQ

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?
This metric tracks the actual cash outflow for income taxes in foreign jurisdictions, net of any refunds received. It provides a cash-basis view of the company's international tax obligations, distinct from the accrual-based tax provision. This is critical for assessing actual cash tax leakage in foreign operations.

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