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Garmin GRMN Inventories

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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:InventoryNet.

The official record: Garmin’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Garmin's inventories?
Garmin (GRMN) reported inventories of $1.85B in Q1 2026.
How has Garmin's inventories changed year-over-year?
Garmin's inventories increased by 17.0% year-over-year, from $1.58B to $1.85B.
What is the long-term trend for Garmin's inventories?
Over 5 years (2020 to 2025), Garmin's inventories has grown at a 18.4% compound annual growth rate (CAGR), from $762.08M to $1.77B.
What does inventories mean?
The total value of all goods and materials the company currently has in stock.
How do you interpret inventories?
Increasing inventory levels relative to sales can signal slowing demand or potential obsolescence, while decreasing levels may indicate supply chain constraints or strong sales.
How does inventories compare across companies?
High inventory turnover is a benchmark for successful consumer hardware companies.