If you had invested in Garmin ago, it would be worth $7,826 today, against $4,128 in SPY and $6,186 in QQQ.
Arincen ScoreBeta
Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.
Profitability10
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Cash10
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Valuation6
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Growth10
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Financial strength8
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Shareholders6
Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.
Figures to FY2025; the price as of today.
Garmin key facts
- Style
- Growth stock · 6.0/10Growth 6.0 · Value 4.3 · Dividend 3.9
- Day range
- 279.82 – 287.39
- 52-week range
- 186.67 – 314.28
- Market capitalization
- 55.07B USD
- P/E
- 27.29
- PEG ratio
- 1.82
- EPS
- 10.47
- Div Yield
- 1.47%
- EPS growth forecast (FY2026)
- +25.5%
- Volume
- 37,041
- Beta
- 0.83
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- CEO
- Clifton Albert Pemble
- Employees
- 23K
- Website
- garmin.com
- IPO date
- 8 Dec 2000
Garmin earnings
Revenue
EPS
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|---|
| Q1 FY2027 | 2.23 | — | — | +7.42% | 2.02B | — | — | +15.32% | |
| Q4 FY2026 | 3.12 | — | — | +11.83% | 2.38B | — | — | +11.88% | |
| Q3 FY2026 | 2.41 | 2.76 | +14.52% | +38.69% | 1.99B | 1.99B | -0.13% | +12.15% | |
| Q2 FY2026 | 2.30 | 2.81 | +22.17% | +29.49% | 1.93B | 2.02B | +4.99% | +11.44% | |
| Q1 FY2026 | 1.84 | 2.08 | +13.04% | +29.19% | 1.72B | 1.75B | +1.71% | +14.23% | |
| Q4 FY2025 | 2.40 | 2.79 | +16.25% | +15.77% | 2.02B | 2.12B | +5.28% | +16.59% | |
| Q3 FY2025 | 1.99 | 1.99 | 0.00% | 0.00% | 1.78B | 1.77B | -0.61% | +11.66% | |
| Q2 FY2025 | 1.90 | 2.17 | +14.21% | +37.34% | 1.70B | 1.81B | +6.69% | +20.44% |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2028 | 13.06 | — | — | +13.65% | 10.25B | — | — | +12.05% |
| FY2027 | 11.49 | — | — | +6.98% | 9.15B | — | — | +12.40% |
| FY2026 | 10.74 | — | — | +25.50% | 8.14B | — | — | +12.36% |
| FY2025 | 8.20 | 8.56 | +4.35% | +15.68% | 7.14B | 7.25B | +1.42% | +15.06% |
| FY2024 | 7.08 | 7.40 | +4.54% | +32.14% | 6.18B | 6.30B | +1.93% | +20.44% |
| FY2023 | 5.28 | 5.60 | +6.02% | +8.95% | 5.17B | 5.23B | +1.13% | +7.57% |
| FY2022 | 5.01 | 5.14 | +2.53% | -11.68% | 4.85B | 4.86B | +0.23% | -2.46% |
Garmin analyst forecast
Analysts' 1-year price targets range from 277.00 to 370.00, with an average of 320.40.
| Strong buy | 1 | |
| Buy | 1 | |
| Hold | 3 | |
| Sell | 0 | |
| Strong sell | 0 |
12-month price target
| Highest target | 370.00 |
| Average target | 320.40 |
| Lowest target | 277.00 |
| Current price | 285.78 |
Garmin valuation
- Price to earnings ratio (TTM)
- 27.29
- Forward P/E (FY2026)
- 26.60
- Price to sales (TTM)
- 6.98
- Price to book
- 5.77
- EV / EBITDA (TTM)
- 20.23
Capital structure
Valuation over time
Garmin against its own history
Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.
Its peers: Keysight Technologies, Corning, Coherent, Teledyne Technologies, Flex, and Jabil, the US Hardware, Equipment & Parts companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.
- P/E (today)Above its median27.314.932.9
- Gross marginHighest in 5 years58.7%57.5%58.7%Against its peers: 2 of 7Peers' median 36.4%
- Operating marginHighest in 5 years25.9%20.9%25.9%Against its peers: 1 of 7Peers' median 13.8%
- Net marginAbove its median23.0%20.0%24.7%Against its peers: 1 of 7Peers' median 10.8%
- Return on equityHighest in 5 years18.5%15.7%18.5%Against its peers: 2 of 7Peers' median 14.0%
- Free cash flow marginAt its median18.8%11.2%22.6%Against its peers: 2 of 7Peers' median 6.4%
- Revenue growthAt its median15.1%-2.5%20.4%Against its peers: 4 of 7Peers' median 13.6%
- EPS growthAbove its median17.7%-10.2%33.1%Against its peers: 4 of 6Peers' median 39.0%
- Debt to EBITDAAbove its median0.09×0.05×0.09×Against its peers: 1 of 7Peers' median 2.17×
- Current ratioHighest in 5 years3.632.943.63Against its peers: 1 of 7Peers' median 1.62
Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.
Garmin growth and profitability
- Revenue (TTM)
- 7.89B USD
- Net income (TTM)
- 2.02B USD
- Gross margin
- 61.12%
- Operating margin
- 28.82%
- Net margin
- 25.58%
Revenue / Net income
Garmin revenue breakdown
By product
| Segment | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Fitness | 2.36B | 32.5% | +32.8% |
| Outdoor | 2.05B | 28.3% | +4.7% |
| Marine | 1.18B | 16.3% | +10.2% |
| Aviation | 987.16M | 13.6% | +12.6% |
| Automotive Mobile | 664.68M | 9.2% | +8.9% |
By region
| Region | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Americas | 3.45B | 47.7% | +13.8% |
| EMEA | 2.74B | 37.8% | +18.2% |
| Asia Pacific | 1.05B | 14.5% | +11.5% |
How Garmin makes its money
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
Garmin dividends
- Annual dividend
- 4.20 USD
- Dividend yield (indicated)
- 1.47%
- Payout ratio
- 57.31%
- Years of dividend growth
- 9
- Frequency
- Quarterly
- Last payment
- 1.05 USD
- Last ex-dividend date
- 12 Mar 2027
- Last payment date
- 26 Mar 2027
Dividends per share
Garmin financial health
- Cash and short-term investments
- 2.34B USD
- Total debt
- 173.49M USD
- Net cash
- 2.17B USD
- Free cash flow (TTM)
- 1.40B USD
- Current ratio
- 3.05
- Debt to equity
- 0.02
- Piotroski score
- 5 / 9
- Altman Z-score
- 16.20
Cash, debt and free cash flow
Garmin ownership
- Institutions
- 57.65%
- Institutional holders
- 1,039 (-5)
- Free float
- 85.29%
Who owns the shares
Shares free to trade
Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.
Insider trading
| Quarter | Purchases | Sales | Shares acquired | Shares disposed of |
|---|---|---|---|---|
| Q4 2026 | 0 | 0 | 0.00 | 497.00 |
| Q3 2026 | 0 | 12 | 1.95M | 2.31M |
| Q2 2026 | 0 | 8 | 1.59M | 1.93M |
| Q1 2026 | 0 | 20 | 1.77M | 1.76M |
Shares outstanding
Source: Financial Modeling Prep






