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GRMN

Garmin

Consumer DiscretionaryMedical InstrumentsS&P 500
Ticker GRMNSCHAFFHAUSENFiscal year ends DecemberBook value per share $46.66Diluted shares 193.5M

Garmin Ltd. (NYSE: GRMN) designs, develops, manufactures, markets and distributes GPS-enabled and other navigation, communication, sensor-based and information products and services for fitness, outdoor, aviation, marine and auto original equipment manufacturer (OEM) markets. Its products serve consumers, pilots and… From the company’s description.

In fiscal 2025, Garmin reported revenue of $7.25B, up 15.1% from fiscal 2024, and net income of $1.66B. Its operating margin was 25.9%, and operations generated $1.63B in cash. Over the twelve months to Jun 27, 2026, revenue was $7.67B.

Fiscal year 2025 · ends 12-26Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-27
Sales & profitability
$7.25BFY2025
+15.1% year over year
Last 12 mo $7.67B
25.89%FY2025
+0.6 percentage points
Last 12 mo 27.61%
$1.66BFY2025
+17.9% year over year
Last 12 mo $1.88B
18.54%FY2025
+0.6 percentage points
Last 12 mo 20.79%
Cash & financing
$1.63BFY2025
+14.0% year over year
Last 12 mo $1.98B
$1.36BFY2025
+10.0% year over year
Last 12 mo $1.60B
—
193.6MFY2025
+0.2% year over year
Last 12 mo 193.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Garmin does

In the company’s own words

Garmin Ltd. (NYSE: GRMN) designs, develops, manufactures, markets and distributes GPS-enabled and other navigation, communication, sensor-based and information products and services for fitness, outdoor, aviation, marine and auto original equipment manufacturer (OEM) markets. Its products serve consumers, pilots and aircraft operators, mariners, vehicle manufacturers, athletes, event organizers and other commercial customers; sales reach customers through retailers, dealers, distributors, OEMs, Garmin’s online store, subscriptions and retail locations. Garmin operates five reportable segments: Fitness, Outdoor, Aviation, Marine and Auto OEM. Offerings include Forerunner and fēnix watches, inReach satellite communicators, aircraft avionics, marine chartplotters and sonar, and vehicle domain controllers and infotainment systems; brands also include Tacx, MYLAPS, Fusion and JL Audio. Garmin Connect supports activity and wellness tracking, while Connect IQ enables third-party applications for compatible devices. The company has vertically integrated manufacturing operations and had approximately 23,000 employees worldwide as of December 27, 2025. Its website is www.garmin.com.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Medical Instruments
Headquarters
SCHAFFHAUSEN
Fiscal year end
December
CIK
1121788
SIC
3812

Financial performance, year by year

Fiscal 2013–2025 · USD
$-767.14M$1.53B$3.84B$6.14B$8.44B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Garmin — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

257
funds hold it
0 of 35
superinvestors hold it
$5.95B
held by funds, at market
12.8%
of shares held by funds

Largest fund holders · Garmin’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.05%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.06%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.38%of fund net assets
—of fund net assets
VANGUARD VALUE INDEX FUND
VTV · VANGUARD INDEX FUNDS
0.15%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

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”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Garmin and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Garmin's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Garmin's last four quarterly filings that the numbers alone won't show?”
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