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Garmin GRMN Stock-Based Comp

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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:ShareBasedCompensation.

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 item26-Weeks Ended / June 27,202626-Weeks Ended / June 28,2025
Loss on sale or disposal of property and equipment55350
Unrealized foreign currency losses (gains)2,575(16,566)
Deferred income taxes3,418(49,754)
Stock compensation expense88,79382,279
Realized loss on marketable securities597706
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net of allowance for doubtful accounts84,18717,902
Inventories(209,361)(206,276)

Item 1 - Condensed Consolidated Financial Statements

FAQ

What is Garmin's stock-based comp?
Garmin (GRMN) reported stock-based comp of $45.47M in Q2 2026.
How has Garmin's stock-based comp changed year-over-year?
Garmin's stock-based comp increased by 2.2% year-over-year, from $44.51M to $45.47M.
What is the long-term trend for Garmin's stock-based comp?
Over 4 years (2021 to 2025), Garmin's stock-based comp has grown at a 15.7% compound annual growth rate (CAGR), from $92.52M to $166M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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