Garmin Ltd.

NYSE:GRMN Stock Report

Market Cap: US$39.4b

Garmin Past Earnings Performance

Past criteria checks 6/6

Garmin has been growing earnings at an average annual rate of 7.5%, while the Consumer Durables industry saw earnings growing at 19% annually. Revenues have been growing at an average rate of 8.3% per year. Garmin's return on equity is 20.2%, and it has net margins of 25.5%.

Key information

7.5%

Earnings growth rate

7.3%

EPS growth rate

Consumer Durables Industry Growth24.5%
Revenue growth rate8.3%
Return on equity20.2%
Net Margin25.5%
Last Earnings Update28 Sep 2024

Recent past performance updates

Recent updates

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

Garmin Ltd.'s (NYSE:GRMN) Intrinsic Value Is Potentially 20% Below Its Share Price

Oct 13
Garmin Ltd.'s (NYSE:GRMN) Intrinsic Value Is Potentially 20% Below Its Share Price

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

Oct 01
Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.75

Garmin: Solid Dividend Stock, But Margin Headwinds And Downside Risks Raise Concern

Sep 22

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

Sep 19
Garmin (NYSE:GRMN) Hasn't Managed To Accelerate Its Returns

Garmin: A Beat And Raise Helped Its Valuation, But Not Enough

Sep 10

Garmin's (NYSE:GRMN) Dividend Will Be $0.75

Sep 05
Garmin's (NYSE:GRMN) Dividend Will Be $0.75

Why Garmin Ltd. (NYSE:GRMN) Could Be Worth Watching

Aug 28
Why Garmin Ltd. (NYSE:GRMN) Could Be Worth Watching

Garmin's (NYSE:GRMN) Dividend Will Be $0.75

Aug 14
Garmin's (NYSE:GRMN) Dividend Will Be $0.75

Garmin's (NYSE:GRMN) Dividend Will Be $0.75

Jul 31
Garmin's (NYSE:GRMN) Dividend Will Be $0.75

Garmin's (NYSE:GRMN) Dividend Will Be $0.75

Jul 11
Garmin's (NYSE:GRMN) Dividend Will Be $0.75

Garmin: Innovative Niche Products Will Lead To Continued Success

Jul 02

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

Jun 27
Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.75

Garmin (NYSE:GRMN) Will Pay A Larger Dividend Than Last Year At $0.75

Jun 13
Garmin (NYSE:GRMN) Will Pay A Larger Dividend Than Last Year At $0.75

Garmin: Slightly Too Expensive, Needs To Prove It Can Improve Profitability

Jun 06

Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75

May 11
Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75

Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75

Apr 27
Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75

Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75

Apr 10
Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To $0.75

Garmin: Wearables Trends Remain Strong

Mar 29

Garmin's (NYSE:GRMN) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 26
Garmin's (NYSE:GRMN) Shareholders Will Receive A Bigger Dividend Than Last Year

Garmin (NYSE:GRMN) Is Paying Out A Dividend Of $0.73

Mar 12
Garmin (NYSE:GRMN) Is Paying Out A Dividend Of $0.73

Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73

Feb 13
Garmin (NYSE:GRMN) Will Pay A Dividend Of $0.73

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

Feb 08
Garmin Ltd.'s (NYSE:GRMN) Shareholders Might Be Looking For Exit

Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.73

Jan 22
Garmin (NYSE:GRMN) Is Due To Pay A Dividend Of $0.73

Garmin (NYSE:GRMN) Is Paying Out A Dividend Of $0.73

Jan 08
Garmin (NYSE:GRMN) Is Paying Out A Dividend Of $0.73

Revenue & Expenses Breakdown

How Garmin makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:GRMN Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
28 Sep 245,9571,5181,090972
29 Jun 245,6481,3761,062945
30 Mar 245,4621,3631,035926
30 Dec 235,2281,2901,008905
30 Sep 235,0521,041984883
01 Jul 234,915994970870
01 Apr 234,835964953847
31 Dec 224,860974944835
24 Sep 224,946966934824
25 Jun 224,9971,015926814
26 Mar 225,0831,074915799
25 Dec 214,9831,082893779
25 Sep 214,9431,130861773
26 Jun 214,8601,184823749
27 Mar 214,4031,051760729
26 Dec 204,187992775652
26 Sep 203,9371,020702668
27 Jun 203,763934684642
28 Mar 203,848973693625
28 Dec 193,758952683605
28 Sep 193,587782663589
29 Jun 193,463738652579
30 Mar 193,403705646572
29 Dec 183,347694634568
29 Sep 183,313646640555
30 Jun 183,254613628546
31 Mar 183,191600611531
30 Dec 173,122709603512
30 Sep 173,085703597508
01 Jul 173,056677593495
01 Apr 173,036661593482
31 Dec 163,046518588468
24 Sep 162,939507567445
25 Jun 162,897501568434
26 Mar 162,859478564429
26 Dec 152,820456562427
26 Sep 152,842534554423
27 Jun 152,869268547416
28 Mar 152,873312531405
27 Dec 142,871364519395
27 Sep 142,827318495386
28 Jun 142,764652484376
29 Mar 142,683643474373
28 Dec 132,632612468365

Quality Earnings: GRMN has high quality earnings.

Growing Profit Margin: GRMN's current net profit margins (25.5%) are higher than last year (20.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: GRMN's earnings have grown by 7.5% per year over the past 5 years.

Accelerating Growth: GRMN's earnings growth over the past year (46%) exceeds its 5-year average (7.5% per year).

Earnings vs Industry: GRMN earnings growth over the past year (46%) exceeded the Consumer Durables industry 1.8%.

Return on Equity

High ROE: GRMN's Return on Equity (20.2%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 11:29
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/28
Annual Earnings2023/12/30

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 here.

Analysis Model and Snowflake

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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 .

Analyst Sources

Garmin Ltd. is covered by 39 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
Richard RadbourneAtlantic Equities LLP
John BrightAvondale Partners
William PowerBaird