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GRMN · NYSE · United States · Search, Detection, Navigation, Guidance, Aeronautical Sys
In shortGARMIN LTD is profitable.
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 25.9% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 23.0% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 19.8% | 99/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | – | n/a |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 3.63× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | – | n/a |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 10.58 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 18.8% | 95/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.82× | 65/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 9.5% | 76/100 |
| Operating margin volatility | 2.4% | 88/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 14.2% | 96/100 |
|---|---|---|
| EPS growth, 3-year average | 19.5% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 4,983 | 4,860 | 5,228 | 6,297 | 7,246 |
| Cost of revenue | 2,092 | 2,054 | 2,223 | 2,600 | 2,989 |
| Gross profit | 2,890 | 2,807 | 3,005 | 3,697 | 4,256 |
| Research & development | 779 | 835 | 905 | 994 | 1,126 |
| Selling, general & admin | 721 | 944 | 1,008 | 1,109 | 1,254 |
| Operating income | 1,219 | 1,028 | 1,092 | 1,594 | 1,876 |
| Pre-tax income | 1,207 | 1,065 | 1,200 | 1,695 | 2,015 |
| Income tax | 125 | 91 | (89) | 284 | 351 |
| Net income | 1,082 | 974 | 1,290 | 1,411 | 1,664 |
| Diluted EPS | $5.61 | $5.04 | $6.71 | $7.30 | $8.59 |
| Diluted shares (millions) | 0.2 | 193 | 192 | 193 | 194 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of GARMIN LTD are included in the Investor plan. Try free for 7 days →
10.58 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
8/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 27, 2026 · Data updated Apr 29, 2026