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GRMN
Garmin Ltd.
$293.78
-3.77
(-1.27%)
| Exchange: | NYSE |
| Market Cap: | 56.656B |
| Shares Outstanding: | 200.522M |
Delayed data
About The Company
| Sector: | Technology | |||||
| Industry: | Hardware, Equipment & Parts | |||||
| CEO: | Clifton Albert Pemble | |||||
| Full Time Employees: | 23000 | |||||
| Address: |
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| Website: | https://www.garmin.com |
Garmin Ltd. specializes in the design, development, manufacturing, marketing, and global distribution of diverse wireless products and solutions. Its operations span across North and South America, the Asia Pacific region, the Australian Continent, Europe, the Middle East, and Africa. The company’s offerings are organized into several key segments: Fitness: This division caters to athletes and active individuals with products like specialized running and multi-sport watches, cycling computers, activity trackers, smartwatches, and various fitness-related accessories. Additionally, it supports these offerings with its Garmin Connect web and mobile platforms, alongside Connect IQ, an ecosystem for app development. Outdoor: Garmin’s Outdoor category features rugged adventure watches, portable GPS devices, golf-specific instruments and accompanying mobile applications, plus specialized dog tracking and training systems. Aviation: The Aviation sector delivers comprehensive avionics solutions for aircraft, encompassing integrated cockpit systems, advanced flight displays and instrumentation, navigation and communication tools, automated flight controls, safety enhancements, audio management, engine monitoring, traffic and weather avoidance systems, ADS-B transponders, data connectivity, portable GPS navigators, wearable aviation devices, and related support services. Marine: For the Marine market, Garmin provides a suite of solutions including chartplotters, multi-function displays, marine cartography, fish finders, sonar technology, autopilots, radar systems, compliant instrumentation and sensors, VHF radios, handheld and wearable marine devices, sailing-specific products, onboard entertainment, digital switching, and electric trolling motors. Auto: The Automotive segment focuses on in-vehicle computing and infotainment systems, personal navigation units, and various camera solutions. Garmin’s products are distributed through a diverse network including independent and online retailers, authorized dealers, distributors, service and installation centers, original equipment manufacturers (OEMs), and directly via its official e-commerce platform, garmin.com. Established in 1989, Garmin Ltd. maintains its corporate headquarters in Schaffhausen, Switzerland.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 5,228,252 | 6,296,903 | 7,245,519 |
| Gross Profit | 3,004,955 | 3,696,555 | 4,256,303 |
| EBITDA | 1,377,928 | 1,875,136 | 2,203,294 |
| Operating Income | 1,092,160 | 1,593,994 | 1,876,076 |
| Net Income | 1,289,636 | 1,411,436 | 1,663,887 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 8,603,569 | 9,630,527 | 10,993,669 |
| Total Liabilities | 1,591,509 | 1,782,129 | 2,021,105 |
| Total Stockholders Equity | 7,012,060 | 7,848,398 | 8,972,564 |
| Total Debt | 113,035 | 134,886 | 164,835 |
| Cash and Cash Equivalents | 1,693,452 | 2,079,468 | 2,278,646 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,376,265 | 1,432,471 | 1,633,359 |
| Capital Expenditure | -195,028 | -193,571 | -270,446 |
| Free Cash Flow | 1,181,237 | 1,238,900 | 1,362,913 |
| Net Income | 1,289,636 | 1,411,436 | 1,663,887 |
| Net Change in Cash | 414,244 | 385,998 | 199,206 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 8,600,687.131 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 9,039,910.182 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 8,804,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 2,283,398.226 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 2,400,007.646 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 2,337,375.803 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 1,884,076.324 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 2,010,051.059 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 1,918,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 1,552,269.683 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 1,631,541.562 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 1,588,964.008 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 10.040 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 10.390 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 9.740 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 1 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: GRMN demonstrates strong financial health with consistent revenue growth and solid net income figures as per the latest income statements. High gross profit margins (grossProfitMarginTTM) and net profit margins (netProfitMarginTTM) indicate efficient cost management and profitability relative to peers in the technology hardware industry.
- Strong Cash Position and Free Cash Flow: Balance sheet data reveals significant cash and cash equivalents alongside healthy free cash flow (freeCashFlowYieldTTM), providing GRMN with flexibility for innovation, acquisitions, or shareholder returns through dividends (dividendYieldTTM).
- Market Leadership in Niche Segments: As per the company profile and revenue product segments, GRMN holds a strong position in specialized markets such as GPS navigation and wearable technology, contributing to diversified revenue streams across product categories.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates GRMN intrinsic value between $94.23 – $149.32 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about GRMN valuation
Is Garmin Ltd. (GRMN) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Garmin Ltd. (GRMN) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is GRMN a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether GRMN trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is GRMN’s P/E ratio?
You can see GRMN’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for GRMN?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is GRMN a good long-term investment?
Whether GRMN fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
GRMN
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Daily snapshot
-1.27
Trading Metrics:
| Open: | 295.66 | Previous Close: | 297.55 | |
| Day Low: | 288.03 | Day High: | 298.45 | |
| Year Low: | 186.67 | Year High: | 304 | |
| Price Avg 50: | 241.68 | Price Avg 200: | 229.12 | |
| Volume: | 1.133M | Average Volume: | 904433 |
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Login — it's freeGRMN full analysis
Welcome to MARKETSNAP’s SWOT analysis for Garmin, a name many of you already know in the navigation and wearable tech space. If you’re a long-term investor looking to build wealth, stick around because we’re diving deep into what makes Garmin tick, from their latest moves to their financial health, and how they stack up for your portfolio. Let’s break it down with a quick overview, some recent updates, and then get into the meat of our SWOT analysis to see…
