Garmin (GRMN): financials, SEC filings and peers
Garmin (GRMN) is a consumer electronics company in the Consumer Discretionary sector of the S&P 500, headquartered in Schaffhausen, Switzerland.
It was founded in 1989 and joined the S&P 500 on December 12, 2012.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Search, Detection, Navigation, Guidance, Aeronautical Sys”.
Garmin at a glance
- Revenue (12 months)
- $7.5B
- Revenue growth
- +15.7%
- Operating margin
- 26.5%
- Net income (12 months)
- $1.7B
- Free cash flow (12 months)
- $1.5B
- Cash
- $2.3B
- Debt
- —
- Diluted EPS (12 months)
- $8.96
Twelve months to March 28, 2026, from the 10-Q filed April 29, 2026.
Latest twelve months
Over the twelve months to March 28, 2026, Garmin reported revenue of $7.5 billion, up 15.7% from a year earlier.
Its operating margin was 26.5%, up 1.2 percentage points from a year earlier: for every $100 of sales, about $26 was left as operating profit.
Net income was $1.7 billion (23.3% of revenue), 18.2% higher than a year earlier.
Operating cash flow was $1.7 billion and capital spending $297 million, leaving free cash flow of $1.5 billion (19.4% of revenue).
At the end of the period it held $2.3 billion in cash and not reported in debt, a net cash position of $2.3 billion.
Five-year trend
- Revenue went from $4.2 billion in fiscal 2020 to $7.2 billion in fiscal 2025, about 11.6% a year.
- Revenue has grown for 3 fiscal years in a row.
- Operating margin has been steady, around 25.9%.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $5.0B | $4.9B | $5.2B | $6.3B | $7.2B |
| Revenue growth | 19.0% | -2.5% | 7.6% | 20.4% | 15.1% |
| Operating margin | 24.5% | 21.1% | 20.9% | 25.3% | 25.9% |
| Net income | $1.1B | $974M | $1.3B | $1.4B | $1.7B |
| Free cash flow | $705M | $544M | $1.2B | $1.2B | $1.4B |
| Diluted EPS | $5.61 | $5.04 | $6.71 | $7.30 | $8.59 |
Fiscal years as reported in Garmin’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
Companies like Garmin
Garmin is the only S&P 500 company in Consumer Electronics.
More from Consumer Discretionary
Questions about Garmin
Is Garmin's revenue growing?
Yes. Revenue for the twelve months to March 28, 2026 was $7.5 billion, up 15.7% from a year earlier, according to its SEC filings.
Is Garmin profitable?
Yes. It earned $1.7 billion in net income over the twelve months to March 28, 2026, a net margin of 23.3%.
When did Garmin last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 29, 2026.
Which companies are similar to Garmin?
In the S&P 500, Garmin is grouped in Consumer Electronics within the Consumer Discretionary sector.
Understand the numbers
Source: Garmin’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.