Garmin Ltd.

NYSE:GRMN Stock Report

Market Cap: US$42.1b

Garmin Future Growth

Future criteria checks 1/6

Garmin is forecast to grow earnings and revenue by 5.8% and 7.1% per annum respectively. EPS is expected to grow by 6.1% per annum. Return on equity is forecast to be 17.4% in 3 years.

Key information

5.8%

Earnings growth rate

6.06%

EPS growth rate

Consumer Durables earnings growth3.8%
Revenue growth rate7.1%
Future return on equity17.41%
Analyst coverage

Good

Last updated31 Jul 2025

Recent future growth updates

Garmin Ltd. Just Recorded A 46% EPS Beat: Here's What Analysts Are Forecasting Next

Nov 01
Garmin Ltd. Just Recorded A 46% EPS Beat: Here's What Analysts Are Forecasting Next

Recent updates

Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.90

Jul 30
Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.90

Garmin: A Lovely But Overvalued Business (Rating Downgrade)

Jul 21

Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.90

Jul 13
Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.90

Garmin (NYSE:GRMN) Has Announced A Dividend Of $0.90

Jun 29
Garmin (NYSE:GRMN) Has Announced A Dividend Of $0.90

Garmin (NYSE:GRMN) Ticks All The Boxes When It Comes To Earnings Growth

Jun 26
Garmin (NYSE:GRMN) Ticks All The Boxes When It Comes To Earnings Growth

Garmin (NYSE:GRMN) Is Increasing Its Dividend To $0.90

Jun 12
Garmin (NYSE:GRMN) Is Increasing Its Dividend To $0.90

Garmin's (NYSE:GRMN) Dividend Will Be Increased To $0.90

May 28
Garmin's (NYSE:GRMN) Dividend Will Be Increased To $0.90

Here's What To Make Of Garmin's (NYSE:GRMN) Decelerating Rates Of Return

May 25
Here's What To Make Of Garmin's (NYSE:GRMN) Decelerating Rates Of Return

Garmin (NYSE:GRMN) Is Increasing Its Dividend To $0.90

May 11
Garmin (NYSE:GRMN) Is Increasing Its Dividend To $0.90

Garmin Q1 Preview: Took A Hit Due To Tariffs, But The Issues May Not Be Over Yet

Apr 23

Garmin (NYSE:GRMN) Is Increasing Its Dividend To $0.90

Apr 13
Garmin (NYSE:GRMN) Is Increasing Its Dividend To $0.90

Garmin (NYSE:GRMN) Is Increasing Its Dividend To $0.90

Mar 30
Garmin (NYSE:GRMN) Is Increasing Its Dividend To $0.90

Garmin Q4 2024: Record Revenue Masks Underlying Risks

Feb 21

Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.75

Feb 20
Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.75

Garmin Ltd.'s (NYSE:GRMN) Shareholders Might Be Looking For Exit

Feb 16
Garmin Ltd.'s (NYSE:GRMN) Shareholders Might Be Looking For Exit

Garmin: Strong Fundamentals, Not Attractive Valuation

Jan 28

Here's Why We Think Garmin (NYSE:GRMN) Might Deserve Your Attention Today

Jan 20
Here's Why We Think Garmin (NYSE:GRMN) Might Deserve Your Attention Today

Garmin: Defying The Odds

Dec 28

Garmin (NYSE:GRMN) Hasn't Managed To Accelerate Its Returns

Dec 26
Garmin (NYSE:GRMN) Hasn't Managed To Accelerate Its Returns

Is It Too Late To Consider Buying Garmin Ltd. (NYSE:GRMN)?

Dec 01
Is It Too Late To Consider Buying Garmin Ltd. (NYSE:GRMN)?

Garmin's Q3 Was Striking, But So Is The Valuation

Nov 21

Earnings Not Telling The Story For Garmin Ltd. (NYSE:GRMN) After Shares Rise 27%

Nov 07
Earnings Not Telling The Story For Garmin Ltd. (NYSE:GRMN) After Shares Rise 27%

Garmin Ltd. Just Recorded A 46% EPS Beat: Here's What Analysts Are Forecasting Next

Nov 01
Garmin Ltd. Just Recorded A 46% EPS Beat: Here's What Analysts Are Forecasting Next

Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.75

Oct 30
Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.75

Garmin (NYSE:GRMN) Has Announced A Dividend Of $0.75

Oct 16
Garmin (NYSE:GRMN) Has Announced A Dividend Of $0.75

Earnings and Revenue Growth Forecasts

NYSE:GRMN - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20278,0971,7631,5171,8144
12/31/20267,5681,6861,2421,3387
12/31/20257,1191,5491,2091,2925
6/28/20256,7581,5681,1271,336N/A
3/29/20256,4501,4681,2171,418N/A
12/28/20246,2971,4111,2391,432N/A
9/28/20245,9571,5181,2561,415N/A
6/29/20245,6481,3761,3491,514N/A
3/30/20245,4621,3631,3521,532N/A
12/30/20235,2281,2901,1831,376N/A
9/30/20235,0521,0411,0741,279N/A
7/1/20234,9159948661,076N/A
4/1/20234,835964649882N/A
12/31/20224,860974544788N/A
9/24/20224,946966282589N/A
6/25/20224,9971,015382680N/A
3/26/20225,0831,074498830N/A
12/25/20214,9831,0827031,012N/A
9/25/20214,9431,1301,0411,279N/A
6/26/20214,8601,1841,0731,308N/A
3/27/20214,4031,0511,0951,278N/A
12/26/20204,1879929481,135N/A
9/26/20203,9371,020768934N/A
6/27/20203,763934690848N/A
3/28/20203,848973628760N/A
12/28/20193,758952578699N/A
9/28/20193,587782554682N/A
6/29/20193,463738630757N/A
3/30/20193,403705N/A870N/A
12/29/20183,347694N/A920N/A
9/29/20183,313646N/A900N/A
6/30/20183,254613N/A835N/A
3/31/20183,191600N/A755N/A
12/30/20173,122709N/A661N/A
9/30/20173,085703N/A676N/A
7/1/20173,056677N/A690N/A
4/1/20173,036661N/A697N/A
12/31/20163,046518N/A706N/A
9/24/20162,939507N/A651N/A
6/25/20162,897501N/A576N/A
3/26/20162,859478N/A328N/A
12/26/20152,820456N/A280N/A
9/26/20152,842534N/A267N/A
6/27/20152,869268N/A272N/A
3/28/20152,873312N/A533N/A
12/27/20142,871364N/A523N/A
9/27/20142,827318N/A528N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: GRMN's forecast earnings growth (5.8% per year) is above the savings rate (2.9%).

Earnings vs Market: GRMN's earnings (5.8% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: GRMN's earnings are forecast to grow, but not significantly.

Revenue vs Market: GRMN's revenue (7.1% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: GRMN's revenue (7.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: GRMN's Return on Equity is forecast to be low in 3 years time (17.4%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/04 04:08
End of Day Share Price 2025/08/04 00:00
Earnings2025/06/28
Annual Earnings2024/12/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Garmin Ltd. is covered by 38 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard RadbourneAtlantic Equities LLP
John BrightAvondale Partners
William PowerBaird