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Garmin GRMN US — Income Tax Paid Foreign After Refund Received

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KEELFederal — Income Tax Paid Foreign After Refund Received
$2.25K-85.2%

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 federal$16,688$71,793
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

Item 8. Financial Statements and Supplementary Data

FAQ

What is Garmin's US — income tax paid foreign after refund received?
Garmin (GRMN) reported US — income tax paid foreign after refund received of $37.43M in Q4 2025.
How has Garmin's US — income tax paid foreign after refund received changed year-over-year?
Garmin's US — income tax paid foreign after refund received increased by 16.2% year-over-year, from $32.22M to $37.43M.
What does US — income tax paid foreign after refund received mean?
This metric reflects the actual cash outflow for income taxes paid to foreign jurisdictions by the US-based entity, net of any refunds received. It provides insight into the cash tax burden associated with international operations managed or reported through the US segment. This is critical for assessing the cash flow impact of international tax obligations and the effectiveness of global tax planning.

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