15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $7.2B | $1.7B | 58.7% | 25.9% | $1.4B | — | $2.3B |
| 2024 | $6.3B | $1.4B | 58.7% | 25.3% | $1.2B | — | $2.1B |
| 2023 | $5.2B | $1.3B | 57.5% | 20.9% | $1.2B | — | $1.7B |
| 2022 | $4.9B | $974M | 57.7% | 21.1% | $544M | — | $1.3B |
| 2021 | $5.0B | $1.1B | 58.0% | 24.5% | $705M | — | $1.5B |
| 2020 | $4.2B | $992M | 59.3% | 25.2% | $950M | — | $1.5B |
| 2019 | $3.8B | $952M | 59.5% | 25.2% | $581M | — | $1.0B |
| 2018 | $3.3B | $694M | 59.1% | 23.3% | $764M | — | $1.2B |
| 2017 | $3.1B | $709M | 57.6% | 21.9% | $521M | — | $891M |
| 2016 | — | $518M | — | — | $615M | — | $847M |
| 2015 | — | $456M | — | — | $200M | — | $833M |
| 2014 | — | $364M | — | — | — | — | $1.2B |
| 2013 | — | $612M | — | — | — | — | $1.2B |
| 2012 | — | $542M | — | — | $646M | — | $1.2B |
| 2011 | — | $521M | — | — | $784M | — | $1.3B |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $1.8B | $405M | 59.4% | 24.6% | $469M | — | $2.3B |
| Dec '25 | $2.1B | $529M | 59.2% | 28.9% | $430M | — | $2.3B |
| Sep '25 | $1.8B | $402M | 59.1% | 25.8% | $425M | — | $2.1B |
| Jun '25 | $1.8B | $401M | 58.8% | 26.0% | $127M | — | $2.1B |
| Mar '25 | $1.5B | $333M | 57.6% | 21.7% | $381M | — | $2.2B |
| Dec '24 | $1.8B | $436M | 59.3% | 28.3% | $399M | — | $2.1B |
| Sep '24 | $1.6B | $399M | 60.0% | 27.6% | $219M | — | $2.0B |
| Jun '24 | $1.5B | $301M | 57.3% | 22.7% | $218M | — | $1.9B |
| Mar '24 | $1.4B | $276M | 58.1% | 21.6% | $402M | — | $1.9B |
| Dec '23 | $1.5B | $542M | 58.3% | 23.0% | $417M | — | $1.7B |
| Sep '23 | $1.3B | $257M | 57.0% | 21.2% | $312M | — | $1.4B |
| Jul '23 | $1.3B | $288M | 57.5% | 21.5% | $221M | — | $1.4B |
| Apr '23 | $1.1B | $202M | 56.9% | 17.2% | $232M | — | $1.4B |
| Dec '22 | $1.3B | $293M | 57.0% | 20.5% | $309M | — | $1.3B |
| Sep '22 | $1.1B | $211M | 58.8% | 21.0% | $104M | — | $1.1B |
| Jun '22 | $1.2B | $258M | 58.7% | 23.6% | $5M | — | $1.1B |
| Mar '22 | $1.2B | $212M | 56.5% | 19.5% | $126M | — | $1.4B |
| Dec '21 | $1.4B | $286M | 55.5% | 22.6% | $49M | — | $1.5B |
| Sep '21 | $1.2B | $259M | 58.4% | 23.7% | $204M | — | $1.6B |
| Jun '21 | $1.3B | $317M | 58.8% | 28.0% | $120M | — | $1.6B |
How the market has priced GRMN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Garmin's revenue has grown 11.6% per year, and net income grown 10.9% per year. These are computed facts, not advice.
As of FY2025, Garmin reported — of total debt against $2.3B of cash.
In FY2025, gross margin was 58.7%, operating margin 25.9%, and net margin 23.0%.
As of Jun '26, Garmin traded at a price-to-earnings ratio of about 27.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.