GARMIN LTD
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/27/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | – | – |
| Stockholders' equity | 8,973 | 100.0 |
| Total capitalization | 8,973 | 100.0 |
192,856,206 shares outstanding at 24 April 2026 (cover page of the 10-Q filed 29 April 2026).
LONG-TERM DEBT 12/27/25
| ($ millions) | Amount |
|---|---|
| Not tagged in XBRL |
CAPITAL STOCK 12/27/25
| Common shares authorized | 194,901,000 |
| Common shares issued | 194,901,000 |
| Treasury shares | 2,281,000 |
| Par or stated value per share ($) | 0.1 |
| Outstanding at 4/24/26 | 192,856,206 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | – | – |
| 2024 | – | – |
| 2023 | – | – |
| 2022 | – | – |
| 2021 | 2.68 | 47.8 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Switzerland.
BUSINESS: Classified by the SEC under Standard Industrial Classification 3812, Search, Detection, Navigation, Guidance, Aeronautical Sys. Large accelerated filer. Principal executive office: Muhlentalstrasse 36/38, Schaffhausen, 8200. Fiscal year ends December 26. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/27/25 | 12/28/24 | 12/30/23 |
|---|---|---|---|
| Revenues | 7,246 | 6,297 | 5,228 |
| Cost of revenues | 2,989 | 2,600 | 2,223 |
| Gross profit | 4,256 | 3,697 | 3,005 |
| Research and development | 1,126 | 994 | 905 |
| Selling, general and administrative | 1,254 | 1,109 | 1,008 |
| Depreciation and amortization | 153 | 140 | 132 |
| Operating income | 1,876 | 1,594 | 1,092 |
| Income before income taxes | 2,015 | 1,695 | 1,200 |
| Income taxes | 351 | 284 | (89) |
| Net income | 1,664 | 1,411 | 1,290 |
| Earned per share, diluted ($) | 8.59 | 7.30 | 6.71 |
| Dividends per share ($) | – | – | – |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/27/25 | 12/28/24 |
|---|---|---|
| Cash and equivalents | 2,279 | 2,079 |
| Receivables, net | 1,253 | 983 |
| Inventories | 1,772 | 1,474 |
| Total current assets | 6,248 | 5,336 |
| Property, plant and equipment, net | 1,375 | 1,237 |
| Goodwill | 760 | 604 |
| Total assets | 10,994 | 9,631 |
| Total current liabilities | 1,720 | 1,508 |
| Stockholders' equity | 8,973 | 7,848 |
| Total liabilities and equity | 10,994 | 9,631 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/27/25 | 7,246 | 1,876 | 1,664 | 23.0 | 8.59 | – | 1,633 | 270 | 1,363 | 10,994 | 2,021d | – | 8,973 | 18.5 | – |
| 12/28/24 | 6,297 | 1,594 | 1,411 | 22.4 | 7.30 | – | 1,432 | 194 | 1,239 | 9,631 | 1,782d | – | 7,848 | 18.0 | – |
| 12/30/23 | 5,228 | 1,092 | 1,290 | 24.7 | 6.71 | – | 1,376 | 194 | 1,183 | 8,604 | 1,592d | – | 7,012 | 18.4 | – |
| 12/31/22 | 4,860 | 1,028 | 974 | 20.0 | 5.04 | – | 788 | 244 | 544 | 7,731 | 1,527d | – | 6,204 | 15.7 | – |
| 12/25/21 | 4,983 | 1,219 | 1,082 | 21.7 | 5.61 | 2.68 | 1,012 | 308 | 705 | 7,854 | 1,740d | – | 6,114 | 17.7 | – |
| 12/26/20 | 4,187 | 1,054 | 992 | 23.7 | 5.17 | 2.44 | 1,135 | 185 | 950 | 7,031 | 1,515d | – | 5,516 | 18.0 | – |
| 12/28/19 | 3,758 | 946 | 952 | 25.3 | 4.99 | 2.28 | 699 | 118 | 581 | 6,167 | 1,373d | – | 4,793 | 19.9 | – |
| 12/29/18 | 3,347 | 778 | 694 | 20.7 | 3.66 | 2.12 | 920 | 156 | 764 | 5,383 | 1,220d | – | 4,163 | 16.7 | – |
| 12/30/17 | 3,122 | 684 | 709 | 22.7 | 3.76 | 1.53 | 661 | 140 | 521 | 4,948 | 1,096d | – | 3,852 | 18.4 | – |
| 12/31/16 | 3,046 | 633 | 518 | 17.0 | 2.73 | – | 706 | 91 | 615 | 4,525 | 1,072d | – | 3,453 | 15.0 | – |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
GARMIN LTD
CIK 1121788 · EIN 98-0229227
PRINCIPAL OFFICE:
Muhlentalstrasse 36/38, Schaffhausen, 8200
Tel.: 41 52 630 1600
INCORPORATED:
Switzerland
INDUSTRY (SEC SIC CODE):
3812 · Search, Detection, Navigation, Guidance, Aeronautical Sys
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/27/25, filed 18 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/18/26) · 10-K FY2024 (filed 2/19/25) · 10-K FY2023 (filed 2/21/24) · 10-K FY2022 (filed 2/22/23) · 10-K FY2021 (filed 2/16/22) · 10-K FY2020 (filed 2/17/21) · 10-K FY2019 (filed 2/19/20) · 10-K FY2018 (filed 2/20/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.