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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,633 | 1,432 | 1,376 | 788 | 1,012 | 1,135 | 699 | 920 | 661 | 706 |
| Depreciation and amortization | 153 | 140 | 132 | 119 | 103 | 78.1 | 71.9 | 64.8 | 59.9 | 55.8 |
| Capital expenditure | -270 | -194 | -194 | -244 | -308 | -185 | -118 | -156 | -140 | -91.0 |
| Investing cash flow | -645 | -393 | -333 | -145 | -475 | — | — | — | — | — |
| Financing cash flow | -844 | -627 | -637 | -841 | -487 | — | — | — | — | — |
| Dividends paid | -664 | -572 | -559 | -679 | -491 | -451 | -417 | -296 | -383 | -481 |
| Share repurchases | -238 | -104 | -122 | -224 | -31.0 | — | — | — | -74.5 | -93.2 |
| Effect of exchange rates | 55.2 | -26.3 | 7.5 | -21.4 | -10.3 | — | — | — | — | — |
| Net change in cash | 199 | 386 | 414 | -219 | 40.1 | — | — | — | — | — |
| Free cash flow | 1,363 | 1,239 | 1,183 | 544 | 705 | — | — | — | — | — |
| Levered free cash flow | 791 | 977 | 871 | 311 | 389 | — | — | — | — | — |