Garmin revenue and financials
$279.21Change from previous close: −2.21%Absolute change: −$6.31
In the fiscal year ended December 2025, Garmin reported revenue of $7.25B (+15.06% year over year). Net income was $1.66B, a net margin of 23.0%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +15.06%
- 2025 vs 2024
- Net income growth
- +17.89%
- 2025 vs 2024
- Net margin
- 23.0%
- 2024: 22.4%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 10,994 | 9,631 | 8,604 | 7,731 | 7,854 | 7,031 | 6,167 | 5,383 | 5,010 | 4,525 |
| Current assets | 6,248 | 5,336 | 4,464 | 3,955 | 4,262 | 3,669 | 3,058 | 2,665 | 2,364 | 2,263 |
| Cash and equivalents | 2,279 | 2,079 | 1,693 | 1,279 | 1,498 | 1,458 | 1,028 | 1,202 | 891 | 847 |
| Short-term investments | 459 | 421 | 275 | 173 | 348 | — | — | — | — | — |
| Receivables | 1,272 | 983 | 815 | 657 | 843 | — | — | — | — | — |
| Inventory | 1,772 | 1,474 | 1,346 | 1,515 | 1,228 | — | — | — | — | — |
| Net property, plant and equipment | 1,572 | 1,402 | 1,368 | 1,285 | 1,157 | — | — | — | — | — |
| Goodwill | 760 | 604 | 608 | 568 | 575 | 584 | 467 | 301 | 287 | 225 |
| Other intangible assets | 198 | 154 | 181 | 178 | 216 | — | — | — | — | — |
| Long-term investments | 1,397 | 1,198 | 1,125 | 1,208 | 1,269 | — | — | — | — | — |
| Current liabilities | 1,720 | 1,508 | 1,311 | 1,212 | 1,448 | 1,164 | 1,036 | 921 | 829 | 783 |
| Accounts payable | 347 | 359 | 254 | 212 | 370 | — | — | — | — | — |
| Total debt | — | — | — | 115 | — | — | — | — | — | — |
| Total liabilities | 2,021 | 1,782 | 1,592 | 1,527 | 1,740 | — | — | — | — | — |
| Total equity (incl. minority) | 8,973 | 7,848 | 7,012 | 6,204 | 6,114 | — | — | — | — | — |
| Retained earnings | 6,970 | 5,999 | 5,264 | 4,734 | 4,321 | — | — | — | — | — |