GRMN

GARMIN LTD

Ticker: GRMNHealthcareMedical InstrumentsS&P 500
HQ SCHAFFHAUSENCIK 1121788FY end 12-26Book / share $46.66Shares 194M
Revenue (FY)
$7.25B+15.06%
TTM $7.67B
Op. margin
25.89%+0.58%
TTM 27.61%
Net income
$1.66B+17.89%
TTM $1.88B
Operating cash
$1.63B+14.02%
TTM $1.98B
Free cash flow
$1.36B+10.01%
TTM $1.60B
Return on equity
18.54%+0.56%
TTM 20.79%
Debt / equity
Shares outstanding
193.6M+0.17%
TTM 193.5M

The business

Garmin Ltd. (NASDAQ: GRMN) is a global technology company that designs, develops, manufactures, and distributes GPS-enabled products and navigation solutions for consumers and professionals worldwide. Operating for more than 35 years, Garmin has delivered over 300 million products, including more than 20 million during fiscal 2025, establishing itself as a leader in location-based technology and wearable devices.

The company operates through five primary reportable segments: Fitness, Outdoor, Aviation, Marine, and Auto OEM. The Fitness segment encompasses running watches under the Forerunner brand, cycling computers, smartwatches including the Venu and vívoactive series, health monitoring devices, and sports timing solutions through the MYLAPS brand. The Outdoor segment offers adventure watches, handheld GPS devices, golf products, consumer automotive navigation solutions, and satellite communicators featuring inReach technology. The Aviation segment provides integrated flight decks, electronic flight displays, autopilot systems, weather solutions, and related services to general aviation, business aviation, rotorcraft, and emerging markets. The Marine segment delivers chartplotters, fishfinders, sonar systems, radar, autopilot systems, and audio solutions for recreational boating. The Auto OEM segment supplies domain controllers, infotainment units, and software solutions to automobile manufacturers.

Garmin maintains approximately 23,000 full and part-time employees globally, with approximately 8,100 in the Americas, 11,400 in Asia Pacific, and 3,500 in Europe, the Middle East, and Africa. The company operates vertically integrated manufacturing facilities in Taiwan, the United States, the Netherlands, the United Kingdom, Poland, and China, providing significant competitive advantages in cost control, quality assurance, and time-to-market capabilities.

The company's website is www.garmin.com. Garmin products utilize multiple global navigation satellite systems including GPS, GLONASS, Galileo, and BeiDou, complemented by proprietary applications such as Garmin Connect for fitness tracking and Connect IQ for third-party application development. The company holds over 2,100 patents worldwide and maintains more than 1,290 trademark registrations, including recognized brands such as Forerunner, Venu, fēnix, inReach, GPSMAP, and Fusion audio systems.

Sector
Healthcare
Industry
Medical Instruments
HQ
SCHAFFHAUSEN
FY end
12-26
CIK
1121788
SIC
3812
Financial performance · annual
20132025
$-767.14M$1.53B$3.84B$6.14B$8.44B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds GARMIN LTD — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

257
funds hold it
0 of 35
superinvestors hold it
$5.95B
fund-held value
12.8%
of shares held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.05%$1.24B
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.06%$1.01B
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.38%$843.75M
iShares MSCI USA Quality Factor ETF
QUAL · iShares Trust
0.87%$438.31M
VANGUARD VALUE INDEX FUND
VTV · VANGUARD INDEX FUNDS
0.15%$370.38M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

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15 years of GARMIN LTD's financials

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