Stocks Industrials GRMN
NYSE · IndustrialsGarmin Ltd (GRMN)
Garmin Ltd brought in $7.9B of revenue over the twelve months to September 26, 2026, up 13.6% from a year earlier. Net income was $2B, a net margin of 25.6%. Operating cash flow minus capital spending left $1.4B of free cash flow in fiscal 2025. At September 26, 2026 it held $2B in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 28, 2026.
Key facts about Garmin Ltd
- Net worth
- Garmin Ltd has a market value (market cap) of $55.7B at the latest share price, and shareholders' equity of $9.5B on its balance sheet at September 26, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $7.2B (+15.1% year on year), with net income of $1.7B. Over the 12 months to September 26, 2026: revenue $7.9B, net income $2B.
- Cash flow
- In fiscal 2025 operations brought in $1.6B of cash; after $270.4M of capital spending, free cash flow was $1.4B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 28, 2026 and covers the period to September 26, 2026. Open on SEC EDGAR
- Next earnings report
- Garmin Ltd's next report is expected around February 17, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Garmin Ltd does
Garmin designs and manufactures GPS navigation devices, smartwatches, fitness trackers, and avionics equipment. It sells these products to retail consumers, pilots, boaters, and outdoor enthusiasts. The company is known for satellite-based tracking and navigation hardware across aviation, marine, and fitness markets. Its shares trade on NYSE under the ticker GRMN.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $7.2B | $1.7B | $8.59 | $1.4B |
| 2024 | $6.3B | $1.4B | $7.30 | $1.2B |
| 2023 | $5.2B | $1.3B | $6.71 | $1.2B |
| 2022 | $4.9B | $973.6M | $5.04 | $544M |
| 2021 | $5B | $1.1B | $5.61 | $704.8M |
| 2020 | $4.2B | $992.3M | $5.17 | $949.9M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where GRMN ranks in Industrials
Dividends
It paid out $663.9M in cash dividends, 40% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $663.9M | 40% |
| 2024 | n/a | $572.4M | 41% |
| 2023 | n/a | $558.8M | 43% |
| 2022 | n/a | $679.1M | 70% |
| 2021 | $2.68 | $491.5M | 45% |
| 2020 | $2.44 | $450.6M | 45% |
Latest SEC filings
What Garmin Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 28, 2026Quarterly report 10-Q · period to September 26, 2026Revenue rose 12% to $2B versus the same quarter last year; diluted EPS $2.80 versus $2.08.
- October 28, 2026
- October 13, 2026Passive stake changed SCHEDULE 13G/A
- July 29, 2026Quarterly report 10-Q · period to June 27, 2026Revenue rose 11% to $2B versus the same quarter last year; diluted EPS $2.80 versus $2.07.
- July 29, 2026
- July 10, 2026Passive stake changed SCHEDULE 13G/A
- July 9, 2026Passive stake changed SCHEDULE 13G/A
- June 25, 2026
- June 8, 2026
- May 27, 2026
What is GRMN worth? A DCF from its reported cash flow
Insider trades
What the people running Garmin Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $3M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 5, 2026 | Maxfield Joshua HVP, General Counsel | Gave as a gift | 5 | - |
| November 3, 2026 | Trenkle Bradley Cco-COO | Gave as a gift | 497 | - |
| August 18, 2026 | Wang Cheng-WeiGeneral Manager - Garmin Corp. | Sold | 1,390 | $412.7K |
| August 18, 2026 | Wang Cheng-WeiGeneral Manager - Garmin Corp. | Sold | 3,102 | $923.9K |
| August 18, 2026 | Wang Cheng-WeiGeneral Manager - Garmin Corp. | Sold | 538 | $161K |
| August 18, 2026 | Wang Cheng-WeiGeneral Manager - Garmin Corp. | Sold | 1,737 | $521.3K |
| August 18, 2026 | Wang Cheng-WeiGeneral Manager - Garmin Corp. | Sold | 2,260 | $680.3K |
| August 18, 2026 | Wang Cheng-WeiGeneral Manager - Garmin Corp. | Sold | 281 | $84.8K |
Who owns GRMN
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Kao Min H13G, passive with 1 related filers | 9.7% | July 10, 2026 |
| Vanguard Capital Management13G, passive | 6.36% | April 28, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,005 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 14,821,660 | -615,543 |
| Vanguard Capital Management LLC | 10,705,227 | +82,071 |
| Vanguard Portfolio Management LLC | 8,066,044 | +195,583 |
| State Street Corp | 7,064,598 | +212,499 |
| Artisan Partners Limited Partnership | 5,292,605 | -227,032 |
| Geode Capital Management, LLC | 5,006,217 | +605,504 |
| Fmr LLC | 3,392,792 | +1,240,940 |
| Norges Bank | 1,986,445 | new |
| Morgan Stanley | 1,899,056 | +121,311 |
| Alliancebernstein L.P. | 1,901,330 | -31,517 |
| Northern Trust Corp | 1,830,699 | +39,392 |
| Dimensional Fund Advisors LP | 1,697,796 | +65,953 |
| Bank of America Corp | 1,688,538 | +393,339 |
| Invesco Ltd. | 1,354,791 | +170,689 |
| Disciplined Growth Investors Inc | 1,326,832 | -4,609 |
| Goldman Sachs Group Inc | 1,313,846 | +29,490 |
| Legal & General Group Plc | 1,162,306 | -22,913 |
| Charles Schwab Investment Management Inc | 1,034,210 | +17,553 |
| Vanguard Fiduciary Trust Co | 920,386 | +98 |
| Aqr Capital Management LLC | 914,637 | +314,625 |
Insiders
17 insiders reported holding 6,876,283 shares in total, about $1.98B at the last price.
| Holder | Shares |
|---|---|
| Kao Min HExecutive Chairman, Director | 6,223,0036,223,003 held indirectly |
| Burrell JonathanDirector | 168,489158,600 held indirectly |
| Pemble Clifton APresident and CEO, Director | 120,127 |
| Straub PhilipEVP, Man. Director - Aviation | 100,889 |
| Desbois Patrickco-COO | 58,540 |
| Trenkle Bradley Cco-COO | 47,455 |
| Wang Cheng-WeiGeneral Manager - Garmin Corp. | 29,506 |
| Link Edward J.VP, Information Technology | 28,425 |
| Boessen Douglas G.CFO and Treasurer | 26,049 |
| Hartnett Joseph JDirector | 21,277 |
Questions about GRMN
What does Garmin Ltd do?
Garmin designs and manufactures GPS navigation devices, smartwatches, fitness trackers, and avionics equipment. It sells these products to retail consumers, pilots, boaters, and outdoor enthusiasts. The company is known for satellite-based tracking and navigation hardware across aviation, marine, and fitness markets. Its shares trade on NYSE under the ticker GRMN.
What is Garmin Ltd's net worth?
Garmin Ltd has a market value (market cap) of $55.7B at the latest share price, and shareholders' equity of $9.5B on its balance sheet at September 26, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Garmin Ltd profitable?
Yes. Over the twelve months to September 26, 2026 it reported net income of $2B on revenue of $7.9B, a net margin of 25.6%.
How much revenue does Garmin Ltd make?
Over the twelve months to September 26, 2026 Garmin Ltd reported revenue of $7.9B. That is 13.6% more than a year earlier.
When did Garmin Ltd last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 28, 2026. It covers the period to September 26, 2026. Its newest filing of any kind is the insider trade from November 6, 2026.
When is Garmin Ltd's next earnings report?
Garmin Ltd's next report is expected around February 17, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Garmin Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.