GARMIN LTD
GARMIN LTD
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 2,290 | 2,279 | 2,073 | 2,072 | 2,176 | 2,079 | 2,009 | 1,937 | 1,922 | 1,693 | 1,423 | 1,426 | |||||
Available For Sale Securities Debt Securities Curr… | 411 | 459 | 467 | 515 | 499 | 421 | 415 | 289 | 275 | 275 | 273 | 254 | |||||
Accounts Receivable Net Current | 941 | 1,253 | 956 | 1,011 | 787 | 983 | 922 | 808 | 695 | 815 | 721 | 717 | |||||
Inventory Net | 1,850 | 1,772 | 1,888 | 1,788 | 1,582 | 1,474 | 1,506 | 1,320 | 1,302 | 1,346 | 1,440 | 1,402 | |||||
Deferred Costs Current | 15 | 18 | 17 | 19 | 21 | 24 | 23 | 21 | 18 | 16 | 15 | 15 | |||||
Prepaid Expense And Other Assets Current | 490 | 468 | 410 | 415 | 381 | 354 | 334 | 322 | 306 | 319 | 285 | 298 | |||||
Assets Current | 5,997 | 6,248 | 5,811 | 5,819 | 5,445 | 5,336 | 5,210 | 4,697 | 4,517 | 4,464 | 4,157 | 4,111 | |||||
Property Plant And Equipment Net | 1,384 | 1,375 | 1,296 | 1,291 | 1,233 | 1,237 | 1,220 | 1,206 | 1,206 | 1,224 | 1,187 | 1,181 | |||||
Operating Lease Right Of Use Asset | 203 | 196 | 188 | 179 | 171 | 165 | 138 | 130 | 136 | 144 | 141 | 135 | |||||
Available For Sale Securities Debt Securities Nonc… | 1,612 | 1,397 | 1,377 | 1,286 | 1,226 | 1,198 | 1,107 | 1,192 | 1,134 | 1,125 | 1,082 | 1,100 | |||||
Deferred Income Tax Assets Net | 722 | 718 | 782 | 853 | 832 | 823 | 788 | 777 | 763 | 755 | 515 | 494 | |||||
Deferred Costs | 4 | 4 | 5 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 11 | 10 | |||||
Goodwill | 751 | 760 | 757 | 641 | 617 | 604 | 612 | 600 | 602 | 608 | 594 | 573 | |||||
Other Intangible Assets Net | 187 | 198 | 206 | 147 | 150 | 154 | 168 | 168 | 177 | 181 | 186 | 166 | |||||
Other Assets Noncurrent | 92 | 96 | 101 | 103 | 107 | 107 | 98 | 104 | 88 | 91 | 93 | 102 | |||||
Assets | 10,952 | 10,994 | 10,523 | 10,324 | 9,788 | 9,631 | 9,348 | 8,883 | 8,634 | 8,604 | 7,965 | 7,872 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Accounts Payable Current | 345 | 347 | 378 | 397 | 345 | 359 | 374 | 332 | 243 | 254 | 268 | 254 | |||||
Employee Related Liabilities Current | 225 | 228 | 240 | 194 | 205 | 211 | 219 | 172 | 193 | 190 | 197 | 158 | |||||
Product Warranty Accrual Classified Current | 71 | 73 | 72 | 71 | 61 | 62 | 58 | 58 | 55 | 56 | 54 | 52 | |||||
Accrued Marketing Costs Current | 93 | 153 | 87 | 104 | 72 | 108 | 76 | 90 | 78 | 99 | 72 | 81 | |||||
Other Accrued Liabilities Current | 233 | 258 | 231 | 254 | 209 | 217 | 223 | 196 | 191 | 246 | 209 | 192 | |||||
Contract With Customer Liability Current | 101 | 106 | 105 | 108 | 106 | 111 | 113 | 106 | 101 | 101 | 98 | 96 | |||||
Accrued Income Taxes Current | 308 | 382 | 293 | 283 | 332 | 295 | 228 | 237 | 256 | 225 | 152 | 199 | |||||
Dividends Payable Current | 0 | 173 | 346 | 520 | 0 | 144 | 288 | 433 | 0 | 140 | 279 | 419 | |||||
Liabilities Current | 1,375 | 1,720 | 1,752 | 1,932 | 1,330 | 1,508 | 1,579 | 1,624 | 1,117 | 1,311 | 1,328 | 1,450 | |||||
Deferred Income Tax Liabilities Net | 112 | 110 | 109 | 89 | 105 | 103 | 105 | 103 | 114 | 115 | 116 | 117 | |||||
Accrued Income Taxes Noncurrent | 4 | 4 | 3 | 4 | 7 | 7 | 17 | 16 | 16 | 17 | 25 | 35 | |||||
Contract With Customer Liability Noncurrent | 23 | 22 | 23 | 25 | 26 | 28 | 30 | 32 | 34 | 36 | 36 | 36 | |||||
Operating Lease Liability Noncurrent | 168 | 165 | 156 | 149 | 140 | 135 | 110 | 102 | 106 | 113 | 111 | 111 | |||||
Other Liabilities Noncurrent | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | |||||
Common Stock Value | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 20 | 20 | 20 | |||||
Additional Paid In Capital Common Stock | 2,335 | 2,369 | 2,360 | 2,317 | 2,256 | 2,247 | 2,218 | 2,183 | 2,135 | 2,125 | 2,100 | 2,078 | |||||
Treasury Stock Value | -416 | -406 | -393 | -356 | -302 | -271 | -244 | -224 | -227 | -331 | -331 | -323 | |||||
Retained Earnings Accumulated Deficit | 7,375 | 6,970 | 6,442 | 6,040 | 6,332 | 5,999 | 5,564 | 5,164 | 5,440 | 5,264 | 4,722 | 4,465 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -43 | 21 | 50 | 105 | -126 | -147 | -51 | -138 | -122 | -66 | -161 | -115 | |||||
Stockholders Equity | 9,271 | 8,973 | 8,478 | 8,125 | 8,179 | 7,848 | 7,507 | 7,005 | 7,246 | 7,012 | 6,349 | 6,124 | |||||
Liabilities And Stockholders Equity | 10,952 | 10,994 | 10,523 | 10,324 | 9,788 | 9,631 | 9,348 | 8,883 | 8,634 | 8,604 | 7,965 | 7,872 | |||||
Allowance For Doubtful Accounts Receivable Current | - | 9 | - | - | - | 9 | - | - | - | 7 | - | - | |||||
Accumulated Depreciation Depletion And Amortizatio… | 1,321 | - | 1,278 | 1,255 | 1,175 | - | 1,120 | 1,076 | 1,049 | - | 982 | 960 | |||||
Common Stock Par Or Stated Value Per Share | 0.1 | 0.1 | - | - | - | 0.1 | - | - | - | - | - | - | |||||
Common Stock Shares Authorized | 195 | 195 | 195 | 195 | 195 | 195 | 195 | 195 | 195 | 196 | 196 | 196 | |||||
Common Stock Shares Issued | 195 | 195 | 195 | 195 | 195 | 195 | 195 | 195 | 195 | 196 | 196 | 196 | |||||
Shares Outstanding | 193 | 193 | 192 | 193 | 193 | 192 | 192 | 192 | 192 | 192 | 191 | 191 | |||||
Treasury Stock Common Shares | 2 | 2 | 3 | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 4 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.89% | -7.05% | -0.95% | - | - | - | - | - | - | - | - | - |
| 2025 | 7.34% | 7.51% | 22.50% | 6.51% | 6.55% | 12.84% | -12.47% | -7.80% | -3.14% | -1.28% | 8.60% | 1.50% |
| 2024 | 0.24% | -0.74% | 4.56% | 4.97% | 0.27% | -1.74% | 2.64% | 2.34% | 5.63% | -11.27% | -21.27% | -20.59% |
| 2023 | 3.75% | 2.18% | 6.62% | -4.07% | -1.57% | -3.47% | 6.61% | 13.45% | 11.17% | 9.65% | 7.66% | 27.09% |
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Performance and Valuation Metrics
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Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 4.36 | 3.63 | 3.32 | 3.01 | 4.10 | 3.54 | 3.30 | 2.89 | 4.04 | 3.41 | 3.13 | 2.84 | |||||
| Quick Ratio | 2.66 | 2.33 | 2.00 | 1.87 | 2.62 | 2.33 | 2.13 | 1.88 | 2.60 | 2.14 | 1.83 | 1.66 | |||||
| Working Capital | 4.62B | 4.53B | 4.06B | 3.89B | 4.12B | 3.83B | 3.63B | 3.07B | 3.40B | 3.15B | 2.83B | 2.66B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.15 | 0.19 | 0.21 | 0.24 | 0.16 | 0.19 | 0.21 | 0.23 | 0.15 | 0.19 | 0.21 | 0.24 | |||||
| Debt Ratio | 0.13 | 0.16 | 0.17 | 0.19 | 0.14 | 0.16 | 0.17 | 0.18 | 0.13 | 0.15 | 0.17 | 0.18 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.72 | 0.70 | 0.70 | 0.70 | 0.70 | 0.69 | 0.69 | 0.67 | 0.67 | 0.64 | 0.65 | 0.63 | |||||
| Days Sales Outstanding TTM | 42.25 | 56.33 | 49.35 | 49.12 | 41.93 | 52.13 | 50.34 | 49.28 | 43.61 | 51.39 | 49.21 | 52.57 | |||||
| Receivables Turnover TTM | 8.64 | 6.48 | 7.40 | 7.43 | 8.71 | 7.00 | 7.25 | 7.41 | 8.37 | 7.10 | 7.42 | 6.94 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 8.97 | - | 8.12 | 8.11 | 7.58 | - | 7.86 | 7.13 | 7.07 | - | 5.42 | 5.19 | |||||
| Free Cash Flow Per Share TTM | 7.53 | 6.99 | 6.92 | 5.85 | 6.32 | 6.36 | 6.54 | 7.03 | 7.05 | 6.04 | 5.61 | 4.53 | |||||
| Dividend Per Share TTM | 3.60 | 3.41 | 3.30 | 3.15 | 3.00 | 2.94 | 2.96 | 2.93 | 2.91 | 2.85 | 3.65 | 3.66 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 59.14% | 58.74% | 58.73% | 58.94% | 58.59% | 58.70% | 58.43% | 57.68% | 57.74% | 57.48% | 57.12% | 57.53% | |||||
| Operating Profit Margin TTM | 26.46% | 25.89% | 25.61% | 26.02% | 25.25% | 25.31% | 23.81% | 22.15% | 21.85% | 20.89% | 20.17% | 20.10% | |||||
| Net Profit Margin TTM | 23.26% | 22.96% | 22.63% | 23.21% | 22.76% | 22.41% | 25.48% | 24.36% | 24.96% | 24.67% | 20.60% | 20.23% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 15.71% | 15.06% | 16.56% | 19.65% | 18.08% | 20.44% | 17.91% | 14.92% | 12.98% | 7.57% | 2.16% | -1.64% | |||||
| Net Income Growth (1Y) | 18.25% | 17.89% | 3.50% | 13.99% | 7.70% | 9.44% | 45.84% | 38.37% | 41.37% | 32.46% | 7.69% | -2.00% | |||||
| EPS Growth (1Y) | 18.17% | 17.89% | 3.36% | 13.72% | 7.33% | 9.99% | 45.25% | 37.81% | 41.08% | 33.95% | 8.39% | -1.08% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 25.63 | 23.57 | 29.79 | 25.21 | 27.89 | 27.80 | 21.68 | 22.03 | 20.20 | 18.73 | 18.46 | 19.00 | |||||
| P/B TTM | 4.80 | 4.37 | 5.52 | 4.87 | 5.01 | 5.00 | 4.38 | 4.33 | 3.80 | 3.44 | 3.03 | 3.09 | |||||
| P/S TTM | 5.96 | 5.41 | 6.74 | 5.85 | 6.35 | 6.23 | 5.52 | 5.37 | 5.04 | 4.62 | 3.80 | 3.84 | |||||
| Market Cap | 44.51B | 39.21B | 46.80B | 39.54B | 40.95B | 39.23B | 32.91B | 30.31B | 27.54B | 24.15B | 19.21B | 18.90B | |||||
| Enterprise Value | 42.21B | 36.93B | 44.73B | 37.46B | 38.77B | 37.15B | 30.90B | 28.37B | 25.62B | 22.46B | 17.78B | 17.47B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 1.45B | 1.36B | 1.33B | 1.13B | 1.22B | 1.24B | 1.26B | 1.35B | 1.35B | 1.18B | 1.07B | 866.86M | |||||
| Net Debt | -2.29B | -2.28B | -2.07B | -2.07B | -2.18B | -2.08B | -2.01B | -1.94B | -1.92B | -1.69B | -1.42B | -1.43B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
GARMIN LTD (GRMN) — SEC Financial Statements & Analysis
GARMIN LTD (GRMN) is a search, detection, navigation, guidance, aeronautical sys company, incorporated in V8. GARMIN LTD trades on NYSE as: GRMN. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), GARMIN LTD reported a 15.71% year-over-year revenue growth, a Gross Profit Margin of 59.14% (TTM), a Debt-to-Equity ratio of 0.15x, a Price-to-Sales (P/S) ratio of 5.96x (TTM), a Price-to-Book (P/B) ratio of 4.80x (TTM), at a market cap of $44.51B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 15.71%
- Gross Profit Margin TTM
- 59.14%
- Debt To Equity
- 0.15x
- P/S TTM
- 5.96x
- P/B TTM
- 4.80x
- Market Cap
- $44.51B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is GARMIN LTD in?
GARMIN LTD (GRMN) operates in the Search, Detection, Navigation, Guidance, Aeronautical Sys industry.
What is GRMN's market cap?
GARMIN LTD (GRMN) has a market capitalization of $44.51B as of 2026-03-31.
What is GRMN's P/E ratio?
GARMIN LTD (GRMN)'s trailing twelve month P/E ratio is 25.63x as of 2026-03-31.
What exchange does GRMN trade on?
GARMIN LTD (GRMN) trades on the NYSE.
Where is GARMIN LTD incorporated?
GARMIN LTD is incorporated in Switzerland.