Garmin/$GRMN
1D1W1MYTD1Y5YMAX
Capital at risk
About Garmin
Garmin produces GPS-enabled hardware and software for five sectors: fitness, outdoors, automotive, aviation, and marine. Garmin has built a strong reputation for durable, high-precision devices through a vertically integrated design and manufacturing approach. The company's product lines include smartwatches, fitness trackers, communication equipment, and a comprehensive suite of systems for marine and aviation navigation. Garmin operates globally, with its business focused primarily on North America and Europe.
- Ticker
- $GRMN
- Sector
- Consumer Discretionary
- Primary listing
- NYSE
- Employees
- 23,000
- Headquarters
- Schaffhausen, Switzerland
- Website
- www.garmin.com
Garmin Metrics
BasicAdvanced
$55B
29.38
$9.69
0.87
$3.75
1.48%
Price and volume
Market cap
$55B
Beta
0.87
52-week high
$314.28
52-week low
$186.67
Average daily volume
854K
Dividend rate
$3.75
Financial strength
Current ratio
3.028
Quick ratio
1.845
Long term debt to equity
0.02
Total debt to equity
0.025
Dividend payout ratio (TTM)
38.47%
Profitability
EBITDA (TTM)
2,311.467
Gross margin (TTM)
60.08%
Net profit margin (TTM)
24.47%
Operating margin (TTM)
27.61%
Effective tax rate (TTM)
17.26%
Revenue per employee (TTM)
$330,000
Management effectiveness
Return on assets (TTM)
12.17%
Return on equity (TTM)
21.89%
Valuation
Price to earnings (TTM)
29.379
Price to revenue (TTM)
7.146
Price to book
6.08
Price to tangible book (TTM)
6.78
Price to free cash flow (TTM)
34.267
Free cash flow yield (TTM)
2.92%
Free cash flow per share (TTM)
8.308
Dividend yield (TTM)
1.32%
Forward dividend yield
1.48%
Growth
Revenue change (TTM)
13.51%
Earnings per share change (TTM)
19.67%
3-year revenue growth (CAGR)
16.00%
10-year revenue growth (CAGR)
10.23%
3-year earnings per share growth (CAGR)
23.29%
10-year earnings per share growth (CAGR)
13.92%
3-year dividend per share growth (CAGR)
12.88%
10-year dividend per share growth (CAGR)
7.49%
What the Analysts think about Garmin
Analyst ratings (Buy, Hold, Sell) for Garmin stock.
Analyst projections of the future price of Garmin stock.
Bulls say / Bears say
Garmin delivered record second-quarter revenue of $2.02 billion, up 11%, while operating income rose 30%. Fitness revenue jumped 25%, and the company raised 2026 guidance to about $8.05 billion of revenue and $10.00 pro forma EPS. (Garmin)
The business is benefiting from more than just wearables: Marine revenue rose 14% and Aviation revenue rose 8% in the second quarter. Garmin’s new LiveScope 2 sonar, Signal marine radios and AXIS cockpit displays give these high-margin segments further product-led growth opportunities. (Garmin)
Garmin is widening its fitness ecosystem with the screen-free, subscription-free CIRQA band and the new fēnix 9 range, including satellite and LTE connectivity in Pro models. The TrainingPeaks and TrainHeroic acquisitions could also deepen engagement with athletes and coaches beyond one-off hardware sales. (Garmin, Garmin)
Growth is uneven across the portfolio: Outdoor revenue fell 2% in the second quarter, while management expects Auto OEM revenue to decline and return to an operating loss in the second half before a major Mercedes-Benz programme begins in 2027. That leaves near-term results more dependent on Fitness, Marine and Aviation. (Garmin, Exa)
The second-quarter margin surge included roughly $21 million of tariff refunds, which will not recur in the current guidance. Garmin also said higher memory costs should start to affect margins in the second half, creating a risk that reported profitability weakens after the strong first half. (Garmin, Exa)
Apple’s latest Watch adds higher-frequency heart-rate and HRV measurements, a readiness score and a Health Age feature, raising the competitive bar in Garmin’s core health and fitness market. These features could make it harder for Garmin to sustain premium wearable growth, even though its recent Fitness performance has been strong. (Apple)
Data summarised monthly by Lightyear AI. Last updated on 21 Sept 2026.
Garmin Financial Performance
Revenues and expenses
Garmin Earnings Performance
Company profitability
Upcoming events
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Funds containing Garmin
AllUSDEURGBP
Fund name | Fund size | $GRMN weighting |
|---|---|---|
iShares Automation & Robotics$RBOT | $5.2B | 2.57% |
iShares Automation & Robotics€2B76 | €4.5B | 2.57% |
iShares Automation & Robotics£RBTX | £3.8B | 2.57% |
iShares S&P 500 Consumer Discretionary Sector£ICDU | £555M | 1.02% |
iShares Edge MSCI USA Quality Factor£IUQF | £1.5B | 0.87% |
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