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Garmin GRMN Operating Lease ROU Assets

Operating Lease ROU Assets at other companies

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3.4%0.0pp
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6.4%0.0pp

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$58.22B+31.4%
Enterprise value$56.06B+32.3%
P/E31×+2.8×
P/S7.6×+1.0×

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:OperatingLeaseRightOfUseAsset.

The source filing: Garmin’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 7:00 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-322114
Line itemJune 27,2026December 27,2025
Prepaid expenses and other current assets509,473467,558
Total current assets6,308,6126,248,216
Property and equipment, net of accumulated depreciation of $1,360,259 and $1,292,2501,454,2281,375,348
Operating lease right-of-use assets212,297196,183
Noncurrent marketable securities1,703,6801,396,929
Deferred income tax assets717,795718,094
Noncurrent deferred costs3,9304,373
Goodwill748,474760,241

Item 1 - Condensed Consolidated Financial Statements

FAQ

What is Garmin's operating lease ROU assets?
Garmin (GRMN) reported operating lease ROU assets of $212.3M in Q2 2026.
How has Garmin's operating lease ROU assets changed year-over-year?
Garmin's operating lease ROU assets increased by 18.4% year-over-year, from $179.3M to $212.3M.
What is the long-term trend for Garmin's operating lease ROU assets?
Over 5 years (2020 to 2025), Garmin's operating lease ROU assets has grown at a 15.7% compound annual growth rate (CAGR), from $94.63M to $196.18M.
What does operating lease ROU assets mean?
Right-of-use assets representing the lessee's right to use leased property over the lease term under ASC 842 operating lease classification.

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