Garmin Ltd.

NYSE:GRMN Stock Report

Market Cap: US$39.4b

Garmin Management

Management criteria checks 4/4

Garmin's CEO is Cliff Albert Pemble, appointed in Oct 2007, has a tenure of 18.17 years. total yearly compensation is $7.24M, comprised of 19.3% salary and 80.7% bonuses, including company stock and options. directly owns 0.034% of the company’s shares, worth $13.30M. The average tenure of the management team and the board of directors is 11.4 years and 10 years respectively.

Key information

Cliff Albert Pemble

Chief executive officer

US$7.2m

Total compensation

CEO salary percentage19.33%
CEO tenure18.2yrs
CEO ownership0.03%
Management average tenure11.4yrs
Board average tenure10yrs

Recent management updates

Recent updates

Garmin: Despite Solid Q3 Results, Still Too Pricey

Dec 02

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

Oct 18
Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.90

Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.90

Sep 28
Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.90

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

Sep 02
Garmin (NYSE:GRMN) Has Announced A Dividend Of $0.90

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

Aug 19
Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.90

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 (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

CEO Compensation Analysis

How has Cliff Albert Pemble's remuneration changed compared to Garmin's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 27 2025n/an/a

US$2b

Jun 28 2025n/an/a

US$2b

Mar 29 2025n/an/a

US$1b

Dec 28 2024US$7mUS$1m

US$1b

Sep 28 2024n/an/a

US$2b

Jun 29 2024n/an/a

US$1b

Mar 30 2024n/an/a

US$1b

Dec 30 2023US$7mUS$1m

US$1b

Sep 30 2023n/an/a

US$1b

Jul 01 2023n/an/a

US$994m

Apr 01 2023n/an/a

US$964m

Dec 31 2022US$5mUS$1m

US$974m

Sep 24 2022n/an/a

US$966m

Jun 25 2022n/an/a

US$1b

Mar 26 2022n/an/a

US$1b

Dec 25 2021US$4mUS$1m

US$1b

Sep 25 2021n/an/a

US$1b

Jun 26 2021n/an/a

US$1b

Mar 27 2021n/an/a

US$1b

Dec 26 2020US$4mUS$1m

US$992m

Sep 26 2020n/an/a

US$1b

Jun 27 2020n/an/a

US$934m

Mar 28 2020n/an/a

US$973m

Dec 28 2019US$3mUS$1m

US$952m

Sep 28 2019n/an/a

US$782m

Jun 29 2019n/an/a

US$738m

Mar 30 2019n/an/a

US$705m

Dec 29 2018US$3mUS$900k

US$694m

Compensation vs Market: Cliff's total compensation ($USD7.24M) is below average for companies of similar size in the US market ($USD13.39M).

Compensation vs Earnings: Cliff's compensation has been consistent with company performance over the past year.

CEO

Cliff Albert Pemble

18.2yrs
Tenure
US$7,240,905
Compensation

Leadership Team

NamePositionTenureCompensationOwnership
Clifton Albert Pemble
President18.2yrsUS$7.24m0.034%
$ 13.3m
Douglas Boessen
CFO & Treasurer11.4yrsUS$2.30m0.0058%
$ 2.3m
Patrick Desbois
Co-Chief Operating Officer1.4yrsUS$2.92m0.021%
$ 8.4m
Bradley Trenkle
Co-Chief Operating Officer1.4yrsUS$2.49m0.015%
$ 5.8m
Philip Straub
Executive VP & MD of Aviation - Garmin Internationalno dataUS$2.52m0.041%
$ 16.1m
Min-Hwan Kao
Co-Founder & Executive Chairman22.9yrsUS$384.43k9.46%
$ 3.7b
Teri Seck
Manager of Investor Relationsno datano datano data
Joshua Maxfield
VP, General Counsel & Secretary1.4yrsno data0.0045%
$ 1.8m
Ted Gartner
Director of Corporate Communicationsno datano datano data
Laurie Minard
Vice President of Human Resources18.4yrsno data0.00041%
$ 161.7k
Sean Biddlecombe
Managing Director of EMEA14.8yrsno data0.0021%
$ 816.2k
Matthew Munn
Executive VP & Managing Director of Auto OEM1.4yrsUS$906.35k0.0011%
$ 425.8k
11.4yrs
Average Tenure
58yo
Average Age

Experienced Management: GRMN's management team is seasoned and experienced (11.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Clifton Albert Pemble
President21.3yrsUS$7.24m0.034%
$ 13.3m
Min-Hwan Kao
Co-Founder & Executive Chairman22.9yrsUS$384.43k9.46%
$ 3.7b
Joseph Hartnett
Independent Director12.5yrsUS$276.58k0.011%
$ 4.2m
Susan Ball
Independent Director1.5yrsUS$233.25k0.00052%
$ 205.0k
Catherine Lewis
Independent Director6.5yrsUS$271.58k0.0034%
$ 1.3m
Jonathan Burrell
Independent Director7.5yrsUS$273.66k5.18%
$ 2.0b
10.0yrs
Average Tenure
69yo
Average Age

Experienced Board: GRMN's board of directors are seasoned and experienced ( 10 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/24 17:39
End of Day Share Price 2025/12/24 00:00
Earnings2025/09/27
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 30 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William PowerBaird
Dong WangBarclays
Amir RozwadowskiBarclays