Fundamental analysis · SEC EDGAR · TTM through 28/03/2026
GRMN · NYSE · Search, Detection, Navigation, Guidance, Aeronautical Sys
Fundamental quality
86
out of 100
Source: SEC EDGAR · TTM through 28/03/2026
The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2021 | $4,983M | $1,082M | $705M | -$1,498M |
| 2022 | $4,860M | $974M | $544M | -$1,279M |
| 2023 | $5,228M | $1,290M | $1,183M | -$1,693M |
| 2024 | $6,297M | $1,411M | $1,239M | -$2,079M |
| 2025 | $7,246M | $1,664M | $1,363M | -$2,279M |
Between 2021 and 2025, revenue went from $4,983M to $7,246M (+45%) and net income went from $1,082M to $1,664M (+54%).
Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.
Is Garmin Ltd a profitable company?
Yes. Garmin Ltd shows a net margin of 23.3% and an ROE of 18.7%, a sign of a profitable business.
Does Garmin Ltd have a lot of debt?
No. Garmin Ltd has a net cash position: more cash than debt.
Is Garmin Ltd growing?
Its revenue has grown 14.2% annualized in recent years and its earnings per share 19.4%.
Does Garmin Ltd generate cash?
Yes. It converts about 19.4% of its revenue into free cash flow.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
Is Garmin Ltd cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
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