GRMN
Garmin Ltd. Common Stock (Switzerland)Stock · Consumer DiscretionaryS&P 500 Equal Weight 0.2% · S&P 500 0.06% · Russell 1000 0.06% · US Stock Market 0.05% · Russell 3000 0.05% · MSCI ACWI 0.04% · MSCI World 0.04%$282.67+3.85%
as of market close, Sep 11, 2026
☾ AH — —
GRMN financial statements
The full income statement, balance sheet, and cash-flow statement for Garmin Ltd. Common Stock (Switzerland) (GRMN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 192.2M2024-09 192.0M2024-12 192.4M2025-03 192.5M2025-06 192.5M2025-09 192.3M2025-12 192.5M2026-03 192.9M2026-06 192.9M+0.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 27 ’25 | as ofDec 28 ’24 | as ofDec 30 ’23 | as ofDec 31 ’22 | as ofDec 25 ’21 | |
| Revenue | 7.25B+15.1% | 6.30B+20.4% | 5.23B+7.6% | 4.86B-2.5% | 4.98B+19.0% | |
| 4.26B+15.1% | 3.70B+23.0% | 3.00B+7.1% | 2.81B-2.9% | 2.89B+16.5% | ||
| Cost of revenue | 2.99B+15.0% | 2.60B+17.0% | 2.22B+8.3% | 2.05B-1.9% | 2.09B+22.7% | |
| 2.38B+13.2% | 2.10B+9.9% | 1.91B+7.5% | 1.78B+6.4% | 1.67B+17.1% | ||
| Research & development | 1.13B+13.3% | 994M+9.8% | 905M+8.4% | 835M+7.2% | 779M+19.4% | |
| Selling, general & administrative | 1.25B+13.1% | 1.11B+10.0% | 1.01B+6.8% | 944M+30.9% | 721M+15.7% | |
| Amortization of intangibles | 32.4M+5.6% | 30.7M+0.5% | 30.5M-0.2% | 30.6M-14.0% | 35.5M+2.1% | |
| Operating income | 1.88B+17.7% | 1.59B+45.9% | 1.09B+6.3% | 1.03B-15.7% | 1.22B+15.6% | |
| Other non-operating income | 1.74M-79.5% | 8.49M+90.3% | 4.46M-41.1% | 7.58M+55.7% | 4.87M-47.9% | |
| Gain (loss) on equity securities | 1.54M+105.1% | -30.4M-156.1% | 54.1M+161.1% | -88.6M-1487.0% | -5.58M-127.3% | |
| Pre-tax income | 2.01B+18.8% | 1.70B+41.2% | 1.20B+12.7% | 1.06B-11.8% | 1.21B+9.4% | |
| Income tax | 351M+23.5% | 284M+418.1% | -89.3M-197.7% | 91.4M-26.7% | 125M+12.2% | |
| Net income | 1.66B+17.9% | 1.41B+9.4% | 1.29B+32.5% | 974M-10.0% | 1.08B+9.1% | |
| $8.59+17.7% | $7.30+8.8% | $6.71+33.1% | $5.04-10.2% | $5.61+8.5% | ||
| EPS (basic) | $8.65+17.7% | $7.35+9.1% | $6.74+33.2% | $5.06-10.1% | $5.63+8.5% | |
| Weighted-avg shares (basic) | 192M+0.2% | 192M+0.3% | 191M-0.6% | 193M+0.2% | 192M+0.6% | |
| Weighted-avg shares (diluted) | 194M+0.2% | 193M+0.6% | 192M-0.5% | 193M-0.0% | 193M+0.6% | |
| Dividends per share | $3.45+15.9% | $2.97+2.1% | $2.91+117.4% | $1.34-50.0% | $2.68+9.8% | |
| Balance Sheet | as ofDec 27 ’25 | as ofDec 28 ’24 | as ofDec 30 ’23 | as ofDec 31 ’22 | as ofDec 25 ’21 | |
| 6.25B+17.1% | 5.34B+19.5% | 4.46B+12.9% | 3.96B-7.2% | 4.26B+16.1% | ||
| Cash & equivalents | 2.28B+9.6% | 2.08B+22.8% | 1.69B+32.4% | 1.28B-14.6% | 1.50B+2.7% | |
| Accounts receivable | 1.25B+27.4% | 983M+20.6% | 815M+24.1% | 657M-22.1% | 843M-0.7% | |
| Inventory | 1.77B+20.2% | 1.47B+9.5% | 1.35B-11.2% | 1.52B+23.4% | 1.23B+61.1% | |
| Prepaid expenses | 468M+32.1% | 354M+11.1% | 319M+0.8% | 316M-3.9% | 329M+71.6% | |
| 11.0B+14.2% | 9.63B+11.9% | 8.60B+11.3% | 7.73B-1.6% | 7.85B+11.7% | ||
| Property, plant & equipment | 1.38B+11.2% | 1.24B+1.0% | 1.22B+6.7% | 1.15B+7.4% | 1.07B+24.8% | |
| Operating lease right-of-use | 196M+19.1% | 165M+14.6% | 144M+4.1% | 138M+54.3% | 89.5M-5.5% | |
| Goodwill | 760M+25.9% | 604M-0.7% | 608M+7.1% | 568M-1.2% | 575M-1.6% | |
| Deferred tax assets | 718M-12.7% | 823M+9.0% | 755M+71.1% | 441M+69.5% | 260M+6.0% | |
| Other non-current assets | 95.9M-10.3% | 107M+17.4% | 91.1M+6.9% | 85.3M-17.5% | 103M-45.6% | |
| 1.72B+14.1% | 1.51B+15.0% | 1.31B+8.2% | 1.21B-16.3% | 1.45B+24.4% | ||
| Accounts payable | 347M-3.3% | 359M+41.6% | 254M+19.5% | 212M-42.6% | 370M+42.9% | |
| Deferred revenue | 106M-4.8% | 111M+9.7% | 101M+11.1% | 91.1M+3.9% | 87.7M+0.9% | |
| Deferred revenue (non-current) | 22.3M-21.3% | 28.3M-21.7% | 36.1M+1.2% | 35.7M-14.2% | 41.6M-16.7% | |
| Non-current lease liability | 165M+22.2% | 135M+19.3% | 113M-1.3% | 115M+63.5% | 70.0M-7.8% | |
| Operating lease liability (total) | 196M+20.4% | 163M+15.6% | 141M+0.8% | 140M+54.3% | 90.5M-4.5% | |
| Deferred tax liabilities | 110M+6.2% | 103M-9.9% | 115M-11.8% | 130M+10.5% | 118M+0.6% | |
| Other non-current liabilities | 625K-19.5% | 776K+78.0% | 436K+21.1% | 360K+11.1% | 324K-97.9% | |
| 8.97B+14.3% | 7.85B+11.9% | 7.01B+13.0% | 6.20B+1.5% | 6.11B+10.8% | ||
| Common stock | 19.5M+0.0% | 19.5M-0.5% | 19.6M+8.9% | 18.0M+0.0% | 18.0M+0.0% | |
| Additional paid-in capital | 2.37B+5.4% | 2.25B+5.7% | 2.13B+4.1% | 2.04B+4.2% | 1.96B+4.3% | |
| Retained earnings | 6.97B+16.2% | 6.00B+14.0% | 5.26B+11.2% | 4.73B+9.6% | 4.32B+15.1% | |
| Treasury stock | 406M+50.2% | 271M-18.2% | 331M-30.3% | 475M+56.7% | 303M-5.3% | |
| Accumulated other comprehensive income | 20.6M+114.0% | -147M-124.4% | -65.6M+42.7% | -115M-197.2% | 118M-35.8% | |
| Total liabilities & equity | 11.0B+14.2% | 9.63B+11.9% | 8.60B+11.3% | 7.73B-1.6% | 7.85B+11.7% | |
| Common shares issued | 195M+0.0% | 195M-0.5% | 196M-1.1% | 198M+0.0% | 198M+0.0% | |
| Common shares outstanding | 193M+0.1% | 192M+0.4% | 192M+0.1% | 192M-0.5% | 193M+0.5% | |
| Shares outstanding (cover) | 192M+0.0% | 192M+0.3% | 192M+0.2% | 191M-0.7% | 193M+0.6% | |
| Cash Flow | as ofDec 27 ’25 | as ofDec 28 ’24 | as ofDec 30 ’23 | as ofDec 31 ’22 | as ofDec 25 ’21 | |
| 1.63B+14.0% | 1.43B+4.1% | 1.38B+74.6% | 788M-22.1% | 1.01B-10.8% | ||
| Depreciation & amortization | 185M+8.1% | 171M+5.1% | 163M+9.1% | 149M+7.4% | 139M+23.1% | |
| Intangible amortization | 32.4M+5.6% | 30.7M+0.5% | 30.5M-0.2% | 30.6M-14.0% | 35.5M+2.1% | |
| Share-based compensation | 166M+21.0% | 137M+35.2% | 101M+32.1% | 76.8M-17.0% | 92.5M+14.4% | |
| Deferred income taxes | 82.5M+192.1% | -89.6M+73.6% | -340M-138.5% | -142M-2516.7% | -5.44M-182.3% | |
| Change in receivables | 223M+13.5% | 196M+52.0% | 129M+177.2% | -167M-975.8% | 19.1M-82.4% | |
| Change in inventory | 218M+21.9% | 179M+173.1% | -245M-167.3% | 363M-23.7% | 476M+1758.6% | |
| Change in payables | -30.5M-125.3% | 121M+323.2% | 28.5M+121.7% | -131M-220.5% | 109M+7429.1% | |
| -645M-64.0% | -393M-18.1% | -333M-129.4% | -145M+69.5% | -475M-82.5% | ||
| Capital expenditure | 270M+39.7% | 194M+0.0% | 194M-20.8% | 244M-20.6% | 308M+65.9% | |
| Free cash flow | 1.36B+10.0% | 1.24B+4.7% | 1.18B+117.4% | 544M-22.8% | 705M-25.8% | |
| Acquisitions | 0.00 | 0.00-100.0% | 151M+1021.2% | 13.5M-33.3% | 20.2M-86.4% | |
| Proceeds from sale of PP&E | — | — | 218K-90.9% | 2.40M+6762.9% | 35.0K-98.2% | |
| -844M-34.7% | -627M+1.5% | -637M+24.3% | -841M-72.7% | -487M-5.4% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 664M+16.0% | 572M+2.4% | 559M-17.7% | 679M+38.2% | 491M+9.1% | |
| FX effect on cash | — | — | — | — | -10.3M-156.6% | |
| Net change in cash | 199M-48.4% | 386M-6.8% | 414M+289.2% | -219M-646.0% | 40.1M-90.7% | |
| Income taxes paid | 317M-0.8% | 319M+5.7% | 302M+63.5% | 185M+41.0% | 131M-1.5% | |
| Valuation Ratios | as ofDec 27 ’25 | as ofDec 28 ’24 | as ofDec 30 ’23 | as ofDec 31 ’22 | as ofDec 25 ’21 | |
| Market cap | 39.5B-1.7% | 40.2B+63.5% | 24.6B+39.0% | 17.7B-31.6% | 25.9B+12.5% | |
| P/E | 25.2×-5.0% | 26.5×+12.1% | 23.6×+29.1% | 18.3×-20.1% | 22.9×+1.5% | |
| P/S | 5.7×-15.6% | 6.7×+38.6% | 4.9×+36.1% | 3.6×-31.6% | 5.2×-10.4% | |
| P/B | 4.7×-12.9% | 5.4×+38.3% | 3.9×+28.7% | 3.0×-31.9% | 4.4×-1.9% | |
| P/FCF | 29.7×-7.3% | 32.0×+39.8% | 22.9×-63.3% | 62.3×+151.2% | 24.8×-16.9% | |
| Earnings yield | 4.0%+5.3% | 3.8%-10.8% | 4.2%-22.5% | 5.5%+25.1% | 4.4%-1.5% | |
| FCF yield | 3.4%+7.8% | 3.1%-28.5% | 4.4%+172.2% | 1.6%-60.2% | 4.0%+20.4% | |
| Dividend yield | 1.7%+18.1% | 1.4%-37.3% | 2.3%+56.1% | 1.5%-27.1% | 2.0%-1.8% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: GRMN’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all GRMN filings on SEC EDGAR → Not investment advice.