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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. (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… From the company’s description.

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. (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.

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.

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  • “How do Garmin and its peers compare on margins and cash generation over ten years?”
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