Garmin Ltd.
GRMN · Price history
Price at last available close
$289.05
−$5.00 (-1.70%) 1M
2026-10-27
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Company & revenue
About Garmin Ltd.
Primary reporting period: 2025-12-27 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Garmin Ltd. specializes in the design, development, manufacturing, marketing, and global distribution of diverse wireless products and solutions. Its operations span across North and South America, the Asia Pacific region, the Australian Continent, Europe, the Middle East, and Africa. The company's offerings are organized into several key segments: Fitness: This division caters to athletes and active individuals with products like specialized running and multi-sport watches, cycling computers, activity trackers, smartwatches, and various fitness-related accessories.
How they make money
Garmin operates a vertically integrated business model, designing, manufacturing, and marketing GPS-enabled navigation, communications, and sensor-based products. It generates revenue through the sale of hardware across diverse segments and through recurring revenue streams from connected services, subscriptions, and its online webshop.
Products & services
GPS-enabled navigation, communication, and information products for the automotive, aviation, marine, outdoor, and fitness markets, including smartwatches, cycling computers, and satellite communicators.
Brands & revenue mix
Primary brand for all navigation, fitness, and outdoor products.
Separate brand revenue is not available in this research.Source
Satellite communication technology brand.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
Period ended 2025-12-27Source
Period ended 2025-12-27Source
Period ended 2025-12-27Source
Period ended 2025-12-27Source
Period ended 2025-12-27Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
Period ended 2025-12-27Source
Period ended 2025-12-27Source
Period ended 2025-12-27Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Customer types
Customer concentration
During 2025, the Company’s net sales through its direct distribution channels (including garmin.com, subscriptions, and retail stores) accounted for greater than 10% of total net sales.
Suppliers, materials & equipment
- Electronic components and raw materials suppliers — The company relies on various third-party suppliers for electronic components and raw materials; specific supplier names are not disclosed.Source
Competitors
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
50
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
77
Strong
Financial Strength
56
Business Quality / Moat
96
Management
100
Growth Quality
48
Risk / Durability
93
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
57
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
60/100
Building Historical Record
Model Score 60/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
- •Recent buyback activity is present
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for GRMN
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can GRMN maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is GRMN's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •How is GRMN likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
Essential Investment Snapshot
Wall Street Score
50
Opportunity Score
57
Market Cap
$55.74B
P/E Ratio
29.6
EPS
$9.75
52-Week High
$314.28
52-Week Low
$186.67
Beta
0.83
Intrinsic Value
$360.47
Analyst Target
$325.00
Shares Outstanding
193.6M
Total Revenue
$7.67B
Total Debt
$178.0M
Dividend Yield (TTM)
1.35%
Liquidation Value / Share
$46.63
Dividend / Share (TTM)
$3.90
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for GRMN
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on GRMN.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Vertically integrated business model.
- +Diversified product portfolio across multiple industries.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Hardware, Equipment & Parts industry.
- −Global economic and geopolitical conditions.
- −Rapid technological changes and competition.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
51
Oct 1, 2026
Change
-0.3
points
Current Score
50
Oct 28, 2026
Category Changes
GRMN decreased 0.3 points because some fundamentals weakened.
Projected Score
Projected Score
54
Projected Change
+3.9 points
Preliminary comparable-period financial changes suggest improvement of approximately 3.9 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$289.05
Model Intrinsic Value
$360.47
Difference
−$71.42
-19.8% vs IV
Margin of Safety
19.8%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.67B | $7.25B | $6.30B | $5.23B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $3.06B | $2.99B | $2.60B | $2.22B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $4.61B | $4.26B | $3.70B | $3.00B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $1.18B | $1.13B | $993.6M | $904.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $1.31B | $1.25B | $1.11B | $1.01B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $2.49B | $2.38B | $2.10B | $1.91B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $2.46B | $2.20B | $1.88B | $1.38B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $2.12B | $1.88B | $1.59B | $1.09B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $2.27B | $2.01B | $1.70B | $1.20B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $391.5M | $350.6M | $284.0M | -$89.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $1.88B | $1.66B | $1.41B | $1.29B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $9.75 | $8.65 | $7.35 | $6.74 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 193M | 192M | 192M | 191M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 193M | 194M | 193M | 192M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$2.02B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$2.80
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+19.7%
Cash Change
+12.6%
Margin Change
+4.7 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
What Weakened
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels, net income margin. Pressure indicators included debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 11.4%. EPS increased 35.3%. Cash increased 12.6%. Total debt increased 19.7%. Net income margin improved by 4.7 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · GRMN
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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