Garmin

Consumer Discretionary Consumer Electronics Schaffhausen, Switzerland Last filing Feb 18, 2026 · FY2025

                    Revenue
                    FY2025
                
$7.2B
                    3y CAGR +14.2%
                    
                    P84
                    
                    +15.1%
                    
                    Net income
                    FY2025
                
$1.7B
                    Net margin +23.0%
                    
                    P96
                    
                    +17.9%
                    
                    Total assets
                    FY2025
                
$11.0B
                    ROA +15.1%
                    
                    P74
                    
                    +14.2%
                    
                    Operating cash flow
                    FY2025
                
$1.6B
                    FCF margin +18.8%
                    
                    P89
                    
                    +14.0%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

32 accounts · 5 years

Total assets $11.0B

Total liabilities $1.7B

Shareholders equity $9.0B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	+11.0%	+11.5%	+6.3%	-14.6%	—
Short Term Investments	—	—	—	—	—
Accounts Receivable	—	—	—	—	—
Inventory	—	—	—	—	—
Prepaid Expenses	—	—	—	—	—
Other Current Assets	+9.2%	+2.5%	-1.6%	-3.9%	—
Total Current Assets	+10.0%	+7.8%	+2.3%	-7.2%	—
Property,Plant and Equipment	—	—	—	—	—
Operating Lease Assets	—	—	—	—	—
Goodwill	+7.2%	+1.6%	+2.9%	-1.2%	—
Intangible Assets	—	—	—	—	—
Deferred Tax Assets	+28.9%	+46.8%	+70.3%	+69.5%	—
Other Noncurrent Assets	-1.9%	+1.1%	-6.1%	-17.5%	—
Total Assets	+8.8%	+7.0%	+4.7%	-1.6%	—
Liabilities
Accounts Payable	-1.6%	-1.0%	-17.2%	-42.6%	—
Accrued Liabilities	+3.3%	-1.4%	+4.3%	-12.7%	—
Deferred Revenue	—	—	—	—	—
Operating Lease Liabilities	—	—	—	—	—
Other Current Liabilities	—	—	—	—	—
Total Current Liabilities	+4.4%	+1.4%	-4.9%	-16.3%	—
Deferred Revenue Noncurrent	—	—	—	—	—
Operating Lease Liabilities Noncurrent	—	—	—	—	—
Deferred Tax Liabilities	-1.7%	-4.2%	-1.2%	+10.5%	—
Other Noncurrent Liabilities	+17.9%	+33.8%	+16.0%	+11.1%	—
Total Liabilities	—	—	—	—	—
Equity
Common Stock	+2.0%	+2.7%	+4.4%	+0.0%	—
Additional Paid In Capital	+4.8%	+4.7%	+4.1%	+4.2%	—
Retained Earnings	+12.7%	+11.6%	+10.4%	+9.6%	—
Treasury Stock	+7.6%	-3.7%	+4.5%	+56.7%	—
Accumulated Other Comprehensive Income	—	—	—	—	—
Total Stockholders Equity	—	—	—	—	—
Total Liabilitiesand Equity	—	—	—	—	—

Income Statement

Revenue, expense, and profitability

18 accounts · 5 years

Revenue $7.2B

Operating income $1.9B

Net income $1.7B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	—	—	—	—	—
Expenses Cost of Revenue	—	—	—	—	—
Expenses Research and Development	—	—	—	—	—
Expenses Selling,General and Administrative	—	—	—	—	—
Expenses Depreciation and Amortization	—	—	—	—	—
Expenses Share Based Compensation	—	—	—	—	—
Expenses Operating Expenses	—	—	—	—	—
Other Income Expense Gross Profit	—	—	—	—	—
Other Income Expense Operating Income	—	—	—	—	—
Other Income Expense Other Income/expense	—	—	—	—	—
Other Income Expense Income Before Tax	—	—	—	—	—
Income Tax Income Tax Expense	—	—	—	—	—
net Income net Income	—	—	—	—	—
net Income Comprehensive Income	—	—	—	—	—
Earnings Per Share Basic Eps	+11.3%	+9.3%	+9.4%	-10.1%	—
Earnings Per Share Diluted Eps	+11.2%	+9.2%	+9.4%	-10.2%	—
Earnings Per Share Weighted Average Shares Basic	+462.6%	+899.8%	+3055.8%	+100089.4%	—
Earnings Per Share Weighted Average Shares Diluted	+462.8%	+900.4%	+3054.2%	+99899.5%	—

Cash Flow Statement

Operating, investing, and financing flows

16 accounts · 5 years

Operating cash flow $1.6B

Investing cash flow $-645.2M

Financing cash flow $-844.1M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	+11.4%	+9.3%	+9.2%	-10.0%	—
Operating Activities Depreciation and Amortization	-8.4%	-8.6%	-6.1%	-12.1%	—
Operating Activities Stock Based Compensation	—	—	—	—	—
Operating Activities Deferred Income Taxes	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	—	—	—	—	—
Operating Activities Other Non Cash Items	—	—	—	—	—
Operating Activities net Cash From Operating Activities	+12.7%	+12.3%	+16.6%	-22.1%	—
Investing Activities Capital Expenditures	-3.2%	-14.3%	-20.7%	-20.6%	—
Investing Activities Purchases of Investments	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—
Financing Activities Dividends Paid	+7.8%	+5.2%	+6.6%	+38.2%	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—
Cash Reconciliation net Change In Cash	+49.3%	+112.7%	+221.4%	—	—
Cash Reconciliation Cash At Beginning of Period	—	—	—	—	—
Cash Reconciliation Cash At End of Period	—	—	—	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+58.7%	+58.7%	+57.5%	+57.7%	+58.0%
Operating margin	+25.9%	+25.3%	+20.9%	+21.1%	+24.5%
Net margin	+23.0%	+22.4%	+24.7%	+20.0%	+21.7%
FCF margin	+18.8%	+19.7%	+22.6%	+11.2%	+14.1%
Growth
Revenue CAGR (3y)	+14.2%	+8.1%	+7.7%	+9.0%	+14.2%
Returns
ROE	+18.5%	+18.0%	+18.4%	+15.7%	+17.7%
ROA	+15.1%	+14.7%	+15.0%	+12.6%	+13.8%
ROIC	—	—	—	—	—
Liquidity
Current ratio	3.63x	3.54x	3.41x	3.26x	2.94x
Quick ratio	2.05x	—	—	1.60x	—
Leverage
D/E	0.19x	0.23x	0.23x	0.20x	0.28x
Interest coverage	—	—	—	—	—
Efficiency
Asset turnover	0.66x	0.65x	0.61x	0.63x	0.63x
Cash conversion cycle	+237d	—	—	+281d	—

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