Garmin Ltd Dossier
Financial Snapshot
Revenue, profitability, returns, debt, and capital allocation
Revenue $7.5B+18.5% YoYTTM through 28 Mar 2026
Net Income $1.7B+23.0% YoYTTM through 28 Mar 2026
Free Cash Flow $1.5BTTM through 28 Mar 2026
Margins
| Current | |
|---|---|
| Gross Margin | 59.1% |
| EBITDA Margin | 28.9% |
| Operating Margin | 26.5% |
| Net Margin | 23.3% |
Returns
18.7%ROE
15.9%ROA
Balance Sheet Health
Current Ratio4.36x
Cash & Equivalents$2.3B
Quality Metrics
Altman Z-Score22.32
Piotroski F-Score7 / 9
FCF Margin19.4%
Rule of 4028.0
Earnings-Beat Rate75.0%
Multi-Year Trend
RevenueFY2025: $7.2B
Diluted EPS$8.96TTMFY2025: $8.59
Dividend
$1.95Per share, FY20260.69%Yield-5.7%5-yr growth
Capital Allocation
R&D Spend$1.2B
Capex Intensity4.0%
Segment Performance
| Segment | Revenue | YoY | Outlook |
|---|---|---|---|
| Fitness | $2.4B | +32.9% | View detailsExpected to be the strongest contributor to 2026 consolidated growth. |
| Outdoor | $2.1B | +5.0% | View detailsExpected stronger performance in the back half of 2026 due to timing of product launches. |
| Aviation | $987M | +13.0% | View detailsAnticipates solid Aviation growth in 2026. |
| Marine | $1.2B | +20.0% | View detailsExpected Marine segment growth to be consistent with the prior year. |
| Auto OEM | $665M | +9.0% | View detailsRevenue expected down in 2026 with a narrowed but still GAAP-loss-making segment. |
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