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Garmin Ltd. GRMN

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282.46 USD -3.94 (-1.38%)

Nov 6, 2026, 11:49 AM EST

279.81 Day range 283.65
187.10 52-week range 313.16
YTD
+39.24%
1 year
+38.47%

Financial health

Altman Z-Score

16.20 Safe zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

5 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

Rating

A-4 / 5 overall

  • DCF 3
  • Return on Equity 5
  • Return on Assets 5
  • Debt / Equity 4
  • P/E 2
  • P/B 2

Valuation

P/E 23.8×
FY 2016: 17.9×FY 2017: 16.1×FY 2018: 17.2×FY 2019: 19.5×FY 2020: 23.1×FY 2021: 24.2×FY 2022: 18.2×FY 2023: 19.1×FY 2024: 28.5×FY 2025: 23.8×
FY 2016 5y median 23.8× FY 2025
P/S 5.5×
FY 2016: 3.0×FY 2017: 3.6×FY 2018: 3.6×FY 2019: 4.9×FY 2020: 5.5×FY 2021: 5.3×FY 2022: 3.7×FY 2023: 4.7×FY 2024: 6.4×FY 2025: 5.5×
FY 2016 5y median 5.3× FY 2025
P/B 4.4×
FY 2016: 2.7×FY 2017: 2.9×FY 2018: 2.9×FY 2019: 3.9×FY 2020: 4.1×FY 2021: 4.3×FY 2022: 2.9×FY 2023: 3.5×FY 2024: 5.1×FY 2025: 4.4×
FY 2016 5y median 4.3× FY 2025
P/FCF 29.0×
FY 2016: 15.0×FY 2017: 22.0×FY 2018: 15.7×FY 2019: 32.1×FY 2020: 24.1×FY 2021: 37.2×FY 2022: 32.8×FY 2023: 20.8×FY 2024: 32.5×FY 2025: 29.0×
FY 2016 5y median 32.5× FY 2025
EV/EBITDA 17.0×
FY 2016: 11.6×FY 2017: 13.4×FY 2018: 12.3×FY 2019: 16.7×FY 2020: 18.2×FY 2021: 18.2×FY 2022: 13.5×FY 2023: 16.7×FY 2024: 20.4×FY 2025: 17.0×
FY 2016 5y median 17.0× FY 2025
EV/Sales 5.2×
FY 2016: 2.8×FY 2017: 3.3×FY 2018: 3.2×FY 2019: 4.7×FY 2020: 5.1×FY 2021: 5.0×FY 2022: 3.4×FY 2023: 4.4×FY 2024: 6.1×FY 2025: 5.2×
FY 2016 5y median 5.0× FY 2025
FCF Yield 3.4%
FY 2016: 6.7%FY 2017: 4.5%FY 2018: 6.4%FY 2019: 3.1%FY 2020: 4.1%FY 2021: 2.7%FY 2022: 3.1%FY 2023: 4.8%FY 2024: 3.1%FY 2025: 3.4%
FY 2016 5y median 3.1% FY 2025

Profitability

Gross Margin 58.7%
FY 2016: 55.6%FY 2017: 57.8%FY 2018: 59.1%FY 2019: 59.5%FY 2020: 59.3%FY 2021: 58.0%FY 2022: 57.7%FY 2023: 57.5%FY 2024: 58.7%FY 2025: 58.7%
FY 2016 5y median 58.0% FY 2025
Operating Margin 25.9%
FY 2016: 20.7%FY 2017: 21.7%FY 2018: 23.3%FY 2019: 25.2%FY 2020: 25.2%FY 2021: 24.5%FY 2022: 21.1%FY 2023: 20.9%FY 2024: 25.3%FY 2025: 25.9%
FY 2016 5y median 24.5% FY 2025
Net Margin 23.0%
FY 2016: 16.9%FY 2017: 22.5%FY 2018: 20.7%FY 2019: 25.3%FY 2020: 23.7%FY 2021: 21.7%FY 2022: 20.0%FY 2023: 24.7%FY 2024: 22.4%FY 2025: 23.0%
FY 2016 5y median 22.4% FY 2025
ROE 18.5%
FY 2016: 14.9%FY 2017: 18.3%FY 2018: 16.7%FY 2019: 19.9%FY 2020: 18.0%FY 2021: 17.7%FY 2022: 15.7%FY 2023: 18.4%FY 2024: 18.0%FY 2025: 18.5%
FY 2016 5y median 18.0% FY 2025
ROIC 16.7%
FY 2016: 13.5%FY 2017: 16.0%FY 2018: 14.7%FY 2019: 17.8%FY 2020: 16.2%FY 2021: 17.1%FY 2022: 14.4%FY 2023: 15.0%FY 2024: 16.3%FY 2025: 16.7%
FY 2016 5y median 16.3% FY 2025
ROA 15.1%
FY 2016: 11.3%FY 2017: 13.9%FY 2018: 12.9%FY 2019: 15.4%FY 2020: 14.1%FY 2021: 13.8%FY 2022: 12.6%FY 2023: 15.0%FY 2024: 14.7%FY 2025: 15.1%
FY 2016 5y median 14.7% FY 2025

Growth (YoY)

Revenue 15.1%
FY 2016: 7.0%FY 2017: 2.3%FY 2018: 8.4%FY 2019: 12.2%FY 2020: 11.4%FY 2021: 19.0%FY 2022: -2.5%FY 2023: 7.6%FY 2024: 20.4%FY 2025: 15.1%
FY 2016 FY 2025
Operating Income 17.7%
FY 2016: 13.5%FY 2017: 7.2%FY 2018: 16.4%FY 2019: 21.5%FY 2020: 11.5%FY 2021: 15.6%FY 2022: -15.7%FY 2023: 6.3%FY 2024: 45.9%FY 2025: 17.7%
FY 2016 FY 2025
EPS (diluted) 17.7%
FY 2016: 13.0%FY 2017: 36.3%FY 2018: -0.5%FY 2019: 36.3%FY 2020: 3.6%FY 2021: 8.5%FY 2022: -10.2%FY 2023: 33.1%FY 2024: 8.8%FY 2025: 17.7%
FY 2016 FY 2025
Free Cash Flow 10.0%
FY 2016: 210.7%FY 2017: -16.4%FY 2018: 49.2%FY 2019: -23.8%FY 2020: 63.9%FY 2021: -25.8%FY 2022: -22.9%FY 2023: 117.9%FY 2024: 4.9%FY 2025: 10.0%
FY 2016 FY 2025

Financial Health

Current Ratio 3.6×
FY 2016: 2.9×FY 2017: 2.9×FY 2018: 2.9×FY 2019: 3.0×FY 2020: 3.2×FY 2021: 2.9×FY 2022: 3.3×FY 2023: 3.4×FY 2024: 3.5×FY 2025: 3.6×
FY 2016 5y median 3.4× FY 2025
Quick Ratio 2.6×
FY 2016: 2.3×FY 2017: 2.2×FY 2018: 2.3×FY 2019: 2.2×FY 2020: 2.5×FY 2021: 2.1×FY 2022: 2.0×FY 2023: 2.4×FY 2024: 2.6×FY 2025: 2.6×
FY 2016 5y median 2.4× FY 2025
Debt / Equity 0.0×
FY 2016: 0.0×FY 2017: 0.0×FY 2018: 0.0×FY 2019: 0.0×FY 2020: 0.0×FY 2021: 0.0×FY 2022: 0.0×FY 2023: 0.0×FY 2024: 0.0×FY 2025: 0.0×
FY 2016 5y median 0.0× FY 2025
Net Debt / EBITDA -0.9×
FY 2016: -1.2×FY 2017: -1.2×FY 2018: -1.4×FY 2019: -0.9×FY 2020: -1.2×FY 2021: -1.0×FY 2022: -0.9×FY 2023: -1.1×FY 2024: -1.0×FY 2025: -0.9×
FY 2016 5y median -1.0× FY 2025
Interest Coverage 0.0×
FY 2016: 0.0×FY 2017: 0.0×FY 2018: 0.0×FY 2019: 0.0×FY 2020: 0.0×FY 2021: 0.0×FY 2022: 0.0×FY 2023: 0.0×FY 2024: 0.0×FY 2025: 0.0×
FY 2016 5y median 0.0× FY 2025

Dividends

Dividend Yield 1.7%
FY 2016: 5.3%FY 2017: 3.4%FY 2018: 2.5%FY 2019: 2.3%FY 2020: 2.0%FY 2021: 1.9%FY 2022: 3.8%FY 2023: 2.3%FY 2024: 1.4%FY 2025: 1.7%
FY 2016 5y median 1.9% FY 2025
Payout Ratio 39.9%
FY 2016: 94.3%FY 2017: 55.1%FY 2018: 42.7%FY 2019: 43.8%FY 2020: 45.4%FY 2021: 45.4%FY 2022: 69.8%FY 2023: 43.3%FY 2024: 40.6%FY 2025: 39.9%
FY 2016 5y median 43.3% FY 2025

Annual · latest fiscal year ends 2025-12-27