Stock research

Garmin Ltd. (GRMN) Stock Research

Garmin makes GPS navigation and wearable devices for fitness, aviation, marine, and automotive uses.

For the fiscal year ended December 27, 2025, Garmin Ltd. reported revenue of $7.2B and net income of $1.7B, with operating cash flow of $1.6B. Source: Form 10-K filed February 18, 2026

SEC data as of

Revenue
$7.2B
FY ending 2025-12-27
Net income
$1.7B
FY ending 2025-12-27
Diluted EPS
$8.59
Net margin
23.0%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About Garmin

Exchange
NYSE: GRMN
Sector
Consumer Discretionary
SEC industry
Search, Detection, Navigation, Guidance, Aeronautical Sys (SIC 3812)
Fiscal year end
December 26

GRMN key financials

Reported figures from Garmin Ltd.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$7.2B2024-12-29 – 2025-12-27SEC filing
Net income$1.7B2024-12-29 – 2025-12-27SEC filing
Operating cash flow$1.6B2024-12-29 – 2025-12-27SEC filing
Diluted EPS$8.592024-12-29 – 2025-12-27SEC filing
Net margin23.0%2024-12-29 – 2025-12-27SEC filing
Shares outstanding192MAs of 2026-02-13SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in GRMN

Garmin Ltd. sits in Consumer Discretionary. Retail, autos, travel, and restaurants — spending that expands when confidence and real incomes rise, and contracts first when they fall. We have not yet written company-specific drivers for GRMN; the forces that matter most for the sector are:

  • ◆Real wage growth and consumer confidence
  • ◆Interest rates on autos and big-ticket credit
  • ◆Inventory cycles and promotional intensity
  • ◆The trade-down between premium and value

Key questions for the GRMN thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does GRMN's reported profit turn into cash?

Operating cash flow was $1.6B, 0.98 times net income of $1.7B, for the fiscal year ended December 27, 2025.

Cash from operations roughly matched reported earnings for the year. The cash-flow statement shows which non-cash charges and working-capital moves offset each other.

Form 10-K filed February 18, 2026

How much of GRMN's revenue is left as profit?

Net income was 23.0% of revenue for the fiscal year ended December 27, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed February 18, 2026

When does Garmin Ltd.'s fiscal year end?

The SEC lists Garmin Ltd.'s fiscal year end as December 26, not December 31. The latest annual figures here run from December 29, 2024 to December 27, 2025. Its reporting year ends on a nearby date rather than a fixed calendar day.

Annual results cover a different 12 months from calendar-year peers. Align periods before comparing growth or margins across companies.

Form 10-K filed February 18, 2026

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What members are reading this month

The thesis, the numbers behind it, and what would break it. Full access is $39 a month.

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Congressional trading in GRMN

PoliticianTrade dateTypeOwnerAmountSource
Tommy Tuberville2024-05-03SaleJoint$1,001 - $15,000Filing #0a25588d-a3f8-4ed6-971a-706097f78e3a

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

GRMN — frequently asked questions

What does Garmin Ltd. do?

Garmin makes GPS navigation and wearable devices for fitness, aviation, marine, and automotive uses.

What were GRMN's latest reported annual revenue and net income?

For the fiscal year ended December 27, 2025, Garmin Ltd. reported revenue of $7.2B and net income of $1.7B, with operating cash flow of $1.6B. The figures come from Garmin Ltd.'s SEC XBRL filings.

When does Garmin Ltd.'s fiscal year end?

The SEC lists Garmin Ltd.'s fiscal year end as December 26.

Do members of Congress trade GRMN?

The current verified House and Senate snapshot contains 1 transaction row for GRMN, each linked to the original filing.

Is GRMN a good investment?

This page does not rate GRMN as a buy or sell. It sets out what Garmin Ltd. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the GRMN numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

$39/mo or $249/yr · cancel future renewals anytime · sources included