Garmin (GRMN) Stock Price

Garmin Price

SIX·CLOSED
310.89USD+9.02 (+2.94 %)
Market closed

Over the last 19 years Garmin grew revenue by 7.7% annually, reaching 7.25 B USD. Earnings per share have grown at 7.1% per year over the last 19 years. For Garmin, the net margin of 23.0% is up versus 21.7% a few years ago. At today's price the dividend yield works out to roughly 1.11%. The payout ratio is around 40% of earnings. The dividend has grown at 10.7% per year over the past 19 years. The consensus 12-month price target for Garmin is 219.88 USD, about 29.3% below where the stock trades today. Of 15 analysts, 2 rate the stock a buy — an overall Sell consensus. The stock trades about 66% above its 52-week low.

Garmin stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Garmin over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Garmin stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Garmin's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Garmin Stock Price History
DateGarmin Price
8/7/2026310.89 USD
8/6/2026301.87 USD
8/5/2026304.28 USD
8/4/2026303.60 USD
8/3/2026304.76 USD
7/31/2026293.78 USD
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7/27/2026242.20 USD
7/23/2026240.10 USD
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7/20/2026244.79 USD
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7/13/2026244.37 USD
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7/8/2026240.96 USD
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7/6/2026241.16 USD
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4/10/2026256.89 USD
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3/31/2026232.01 USD
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3/4/2026251.18 USD
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2/27/2026252.83 USD
2/26/2026254.16 USD
2/25/2026251.99 USD
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2/20/2026248.90 USD
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2/13/2026214.74 USD
2/12/2026203.22 USD
2/11/2026206.58 USD
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2/6/2026202.33 USD
2/5/2026198.69 USD
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2/3/2026201.22 USD
2/2/2026206.92 USD
1/30/2026201.64 USD
1/29/2026204.65 USD
1/28/2026204.48 USD
1/27/2026204.80 USD
1/26/2026206.92 USD
1/23/2026206.17 USD
1/22/2026206.12 USD
1/21/2026204.57 USD
1/20/2026200.74 USD
1/16/2026211.80 USD
1/15/2026212.60 USD
1/14/2026211.52 USD
1/13/2026213.91 USD
1/12/2026211.49 USD
1/9/2026212.25 USD
1/8/2026213.46 USD
1/7/2026210.68 USD
1/6/2026209.35 USD
1/5/2026203.76 USD
1/2/2026202.44 USD
12/31/2025202.85 USD
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12/11/2025210.79 USD
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12/3/2025199.46 USD
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11/28/2025195.32 USD
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11/21/2025192.23 USD
11/20/2025187.10 USD
11/19/2025189.97 USD
11/18/2025189.85 USD
11/17/2025189.80 USD
11/14/2025194.13 USD
11/13/2025195.06 USD
11/12/2025198.61 USD
11/11/2025199.66 USD
11/10/2025202.73 USD
11/7/2025201.16 USD
11/6/2025203.98 USD
11/5/2025205.48 USD
11/4/2025205.45 USD
11/3/2025210.54 USD
10/31/2025213.54 USD
10/30/2025214.97 USD
10/29/2025219.61 USD
10/28/2025241.88 USD
10/27/2025251.42 USD
10/24/2025250.45 USD
10/23/2025250.17 USD
10/22/2025247.55 USD
10/21/2025251.34 USD
10/20/2025249.13 USD
10/17/2025249.55 USD
10/16/2025246.75 USD
10/15/2025249.43 USD
10/14/2025249.33 USD
10/13/2025251.34 USD
10/10/2025250.33 USD
10/9/2025256.50 USD
10/8/2025259.77 USD
10/7/2025256.32 USD
10/6/2025257.64 USD
10/3/2025257.21 USD
10/2/2025257.74 USD
10/1/2025255.18 USD
9/30/2025246.22 USD
9/29/2025245.53 USD
9/28/2025245.53 USD
9/25/2025240.48 USD
9/24/2025236.70 USD
9/23/2025237.39 USD
9/22/2025236.38 USD
9/19/2025235.13 USD
9/18/2025237.25 USD
9/17/2025234.18 USD
9/16/2025236.67 USD
9/15/2025235.83 USD
9/12/2025238.08 USD
9/11/2025241.18 USD
9/10/2025235.96 USD
9/9/2025238.50 USD
9/8/2025239.51 USD
9/5/2025237.39 USD
9/4/2025237.66 USD
9/3/2025236.91 USD
9/2/2025234.29 USD
8/29/2025241.83 USD
8/28/2025241.05 USD
8/27/2025235.53 USD
8/26/2025232.60 USD
8/25/2025232.72 USD
8/22/2025235.93 USD
8/21/2025229.59 USD
8/20/2025230.15 USD
8/19/2025233.45 USD
8/18/2025232.60 USD
8/15/2025232.35 USD
8/14/2025235.06 USD
8/13/2025236.58 USD
8/12/2025232.95 USD
8/11/2025228.99 USD
Access this data via the Eulerpool API

Garmin Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2021
4.98 B USD
1.22 B USD
1.08 B USD
Jan 1, 2022
4.86 B USD
1.03 B USD
973.59 M USD
Jan 1, 2023
5.23 B USD
1.09 B USD
1.29 B USD
Jan 1, 2024
6.30 B USD
1.59 B USD
1.41 B USD
Jan 1, 2025
7.25 B USD
1.88 B USD
1.66 B USD
Jan 1, 2026 (e)
8.01 B USD
1.98 B USD
1.85 B USD
Jan 1, 2027 (e)
8.82 B USD
2.18 B USD
2.01 B USD
Jan 1, 2028 (e)
9.78 B USD
2.42 B USD
2.30 B USD

Garmin Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 9, 2026, 8:11 PM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
20132014201520162017201820192020202120222023202420252026e2027e2028e
2.632.872.823.023.093.353.764.194.984.865.236.307.258.018.829.78
-3.099.08-1.747.022.298.4212.2511.4219.02-2.457.5720.4315.0710.5610.1110.84
53.4855.8954.5455.6357.7659.1359.4459.2758.0157.7457.4658.7058.7458.7458.7458.74
1.411.601.541.681.781.982.232.482.892.813.003.704.264.715.185.74
0.570.690.550.620.670.780.951.051.221.031.091.591.881.982.182.42
21.8224.0419.4720.6421.6423.2425.1525.1824.4521.1320.8925.3025.8924.7624.7624.76
0.610.360.460.510.690.690.950.991.080.971.291.411.661.852.012.30
12.92-40.5225.2711.8436.0837.184.209.07-10.0732.489.4617.8611.498.3614.24
1.801.892.522.042.042.102.242.402.622.862.922.983.453.894.214.55
2.865.0033.33-19.052.946.677.149.179.162.102.0515.7712.758.238.08
196.34192.36189.90189.17188.92190.18191.23192.30193.31192.10192.56193.76193.78193.78193.78193.78
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Garmin generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Garmin retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Garmin's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Garmin has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Garmin's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Garmin stock margins

The Garmin margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Garmin. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Garmin.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
58.01 %
24.46 %
21.72 %
Jan 1, 2022
57.75 %
21.15 %
20.03 %
Jan 1, 2023
57.48 %
20.89 %
24.67 %
Jan 1, 2024
58.70 %
25.31 %
22.41 %
Jan 1, 2025
58.74 %
25.89 %
22.96 %
Jan 1, 2026 (e)
58.74 %
24.76 %
23.15 %
Jan 1, 2027 (e)
58.74 %
24.76 %
22.78 %
Jan 1, 2028 (e)
58.74 %
24.76 %
23.48 %

Garmin Stock Revenue, EBIT, Earnings per Share

The Garmin earnings per share therefore indicates how much revenue Garmin has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
25.78 USD
6.30 USD
5.60 USD
Jan 1, 2022
25.30 USD
5.35 USD
5.07 USD
Jan 1, 2023
27.15 USD
5.67 USD
6.70 USD
Jan 1, 2024
32.50 USD
8.23 USD
7.28 USD
Jan 1, 2025
37.39 USD
9.68 USD
8.59 USD
Jan 1, 2026 (e)
41.65 USD
10.24 USD
9.64 USD
Jan 1, 2027 (e)
45.86 USD
11.27 USD
10.45 USD
Jan 1, 2028 (e)
50.83 USD
12.49 USD
11.93 USD

Garmin business model & stock analysis

Garmin Ltd. is a company that specializes mainly in the production of GPS devices and other navigation solutions. The company was founded in 1989 by Gary Burrell and Min Kao in Kansas, USA and is headquartered in Schaffhausen, Switzerland.

Garmin SWOT Analysis

Strengths

Garmin Ltd has a strong brand reputation in the global market for its high-quality GPS navigation and wireless devices.

The company has a diversified product portfolio spanning multiple industries such as aviation, automotive, marine, and fitness, providing a competitive advantage.

Garmin's extensive distribution network and wide market presence enable it to reach a large customer base worldwide.

The company invests heavily in research and development, enabling it to innovate and introduce new cutting-edge products to the market.

Weaknesses

Garmin heavily relies on its GPS navigation and sports wearable product lines, which make up a significant portion of its revenue. This dependence exposes the company to market fluctuations and changing consumer preferences.

The company faces intense competition from both established players and emerging companies, which may impact its market share and profitability.

Garmin's product pricing can be relatively higher compared to some competitors, potentially limiting market penetration in price-sensitive segments.

The company's product development cycle can sometimes be lengthy, posing potential challenges in keeping up with rapidly evolving technology trends.

Opportunities

The growing demand for wearable technology presents an opportunity for Garmin to expand its market share with its innovative fitness and outdoor products.

Increasing adoption of advanced driver-assistance systems (ADAS) in the automotive industry provides a favorable market environment for Garmin's navigation and safety solutions.

Expanding into new geographical markets, especially in emerging economies, can help Garmin tap into untapped customer segments.

Technological advancements in the aviation industry offer opportunities for Garmin to provide enhanced avionics systems for aircraft.

Threats

The rapid pace of technological advancements may result in the obsolescence of Garmin's products if it fails to keep up with the latest innovations.

Intense competition in the wearables market can put pressure on Garmin's market share and profitability.

Economic downturns and global financial uncertainties can impact consumer spending patterns, potentially affecting Garmin's sales.

The increasing availability of free navigation apps and software may pose a threat to Garmin's traditional GPS navigation devices.

Garmin Employees

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Garmin Employees
Details
Date
Garmin Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Garmin Segments

Garmin Revenue by Segment (1/3)

  • 3 Years

  • 5 Years

  • 10 Years

  • Max

Fitness Segment
Outdoor Segment
Automotive Mobile
Marine segment
Aviation Segment
Fitness
Outdoor
Auto
Aviation
Marine
Marine Systems
Details
Date
Fitness Segment
Outdoor Segment
Automotive/Mobile
Automotive Mobile
Marine segment
Aviation Segment
Fitness
Outdoor
Auto
Aviation
Marine
Marine Systems
Jan 1, 2017
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
762.19 M USD
698.87 M USD
750.58 M USD
501.36 M USD
374.00 M USD
0.00 USD
Jan 1, 2018
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
858.33 M USD
809.88 M USD
634.21 M USD
603.46 M USD
441.56 M USD
0.00 USD
Jan 1, 2019
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2020
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2021
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2024
1.77 B USD
1.96 B USD
0.00 USD
0.00 USD
1.07 B USD
876.61 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
2.36 B USD
2.05 B USD
0.00 USD
0.00 USD
1.18 B USD
987.16 M USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD

Garmin Revenue by Segment (2/3)

  • 3 Years

  • 5 Years

  • Max

Outdoor segment
Fitness segment
Marine segment
Aviation segment
Auto segment
Details
Date
Outdoor segment
Fitness segment
Marine segment
Aviation segment
Auto segment
Jan 1, 2017
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2018
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2019
917.57 M USD
1.05 B USD
508.85 M USD
735.46 M USD
548.10 M USD
Jan 1, 2020
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2021
1.28 B USD
1.53 B USD
875.15 M USD
712.47 M USD
254.72 M USD
Jan 1, 2022
1.50 B USD
1.11 B USD
903.98 M USD
792.80 M USD
283.81 M USD
Jan 1, 2024
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD

Garmin Revenue by Segment (3/3)

  • 3 Years

  • 5 Years

  • Max

Outdoor segment
Fitness segment
Marine segment
Aviation segment
Auto OEM Segment
Auto segment
Details
Date
Outdoor segment
Fitness segment
Marine segment
Aviation segment
Auto OEM Segment
Auto segment
Jan 1, 2017
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2018
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2019
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2020
1.13 B USD
1.32 B USD
657.85 M USD
622.82 M USD
0.00 USD
184.83 M USD
Jan 1, 2021
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2022
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2024
0.00 USD
0.00 USD
0.00 USD
0.00 USD
610.62 M USD
0.00 USD
Jan 1, 2025
0.00 USD
0.00 USD
0.00 USD
0.00 USD
664.68 M USD
0.00 USD

Garmin Revenue by Region

  • 3 Years

  • 5 Years

  • 10 Years

  • Max

Americas
EMEA
Asia Pacific
APAC
Details
Date
Americas
EMEA
Asia Pacific
APAC
Jan 1, 2015
1.47 B USD
1.01 B USD
0.00 USD
337.89 M USD
Jan 1, 2016
1.52 B USD
1.11 B USD
0.00 USD
386.55 M USD
Jan 1, 2017
1.48 B USD
1.18 B USD
0.00 USD
436.19 M USD
Jan 1, 2018
1.60 B USD
1.20 B USD
0.00 USD
545.76 M USD
Jan 1, 2019
1.82 B USD
1.35 B USD
0.00 USD
589.20 M USD
Jan 1, 2020
1.97 B USD
1.58 B USD
0.00 USD
638.74 M USD
Jan 1, 2021
2.35 B USD
1.86 B USD
0.00 USD
774.37 M USD
Jan 1, 2022
2.43 B USD
1.63 B USD
797.62 M USD
0.00 USD

Garmin Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Garmin historical P/E ratio, EBIT multiple, and P/S ratio

Garmin annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Garmin shares outstanding

The number of shares of Garmin was 193.78 M in 2025. This indicates how many shares Garmin is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
193.31 M Stocks
Jan 1, 2022
192.10 M Stocks
Jan 1, 2023
192.56 M Stocks
Jan 1, 2024
193.76 M Stocks
Jan 1, 2025
193.78 M Stocks
Jan 1, 2026 (e)
193.78 M Stocks
Jan 1, 2027 (e)
193.78 M Stocks
Jan 1, 2028 (e)
193.78 M Stocks

Garmin stock splits

In Garmin's history, there have been no stock splits.

Garmin Dividend History

24 years of dividend payments · 8 consecutive increases

YearAnnual DividendYoY ChangePayments
20260.90USDYTD
Mar 13, 20260.90USD 0.0%1/1
20253.45USD 15.8%
Mar 14, 20250.75USD 0.0%1/4
Jun 16, 20250.90USD 20.0%2/4
Sep 12, 20250.90USD 0.0%3/4
Dec 12, 20250.90USD 0.0%4/4
20242.98USD 2.1%
20232.92USD 2.1%
20222.86USD 9.2%
20212.62USD 9.2%
20202.40USD 7.1%
20192.24USD 6.7%
20182.10USD 2.9%
20172.04USD 0.0%

Garmin dividend history and estimates

In 2025, Garmin paid a dividend amounting to 3.45 USD. Dividend means that Garmin distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
2.62 USD
0.00 USD
Jan 1, 2022
2.86 USD
0.00 USD
Jan 1, 2023
2.92 USD
0.00 USD
Jan 1, 2024
2.98 USD
0.00 USD
Jan 1, 2025
3.45 USD
0.00 USD
Jan 1, 2026 (e)
0.00 USD
3.89 USD
Jan 1, 2027 (e)
0.00 USD
4.21 USD
Jan 1, 2028 (e)
0.00 USD
4.55 USD

Garmin dividend payout ratio

In 2025, Garmin had a payout ratio of 40.18%. The payout ratio indicates the percentage of the company's profits that Garmin distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
46.80 %
Jan 1, 2022
56.43 %
Jan 1, 2023
43.60 %
Jan 1, 2024
40.91 %
Jan 1, 2025
40.18 %
Jan 1, 2026 (e)
40.36 %
Jan 1, 2027 (e)
40.25 %
Jan 1, 2028 (e)
38.10 %

Current Garmin forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
3.64 %
Buy
13.33 % (2)
Hold
40.00 % (6)
Sell
46.67 % (7)
12M Price Target
219.88
Last Price
310.89
Currency
USD
12M Return Potential
-29.28 %
LTM Return
0 %

Garmin Analyst Rating Actions

DateFirmActionRatingReliability
7/30/2026
Morgan Stanley
Morgan Stanley
MaintainedEqual Weight60
7/30/2026
Barclays
Barclays
MaintainedEqual Weight33
5/20/2026
Tigress Financial
Tigress Financial
MaintainedStrong Buy
4/30/2026
Barclays
Barclays
MaintainedEqual Weight33
4/16/2026
JP Morgan
JP Morgan
MaintainedNeutral80
2/20/2026
Tigress Financial
Tigress Financial
MaintainedStrong Buy
2/19/2026
Morgan Stanley
Morgan Stanley
UpgradeUnderweightEqual Weight60
2/19/2026
JP Morgan
JP Morgan
MaintainedNeutral80
1/16/2026
Barclays
Barclays
UpgradeUnderweightEqual Weight33
12/19/2025
Tigress Financial
Tigress Financial
MaintainedStrong Buy

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Garmin Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
7/29/20262.29USD-1.94 BUSD-2026 Q2
4/29/20261.86USD-1.76 BUSD-2026 Q1
2/18/20262.44USD-2.06 BUSD-2025 Q4
5/1/20241.07USD-1.23 BUSD-2024 Q1
2/20/20241.42USD-1.44 BUSD-2023 Q4
10/26/20221.15USD-1.23 BUSD-2022 Q3
7/27/20221.43USD-1.36 BUSD-2022 Q2
4/27/20221.15USD-1.16 BUSD-2022 Q1
2/16/20221.45USD-1.38 BUSD-2021 Q4
10/27/20211.28USD-1.17 BUSD-2021 Q3
...

EESG©

Eulerpool ESG Scorecard© for the Garmin stock

58/100
49
Environment
68
Social
57
Governance
E

Environment

20
Scope 1 - Direct Emissions
Scope 2 - Indirect emissions from purchased energy
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees31
Percentage of women in management
Percentage of Asian employees9
Share of Asian management7
Percentage of Hispanic/Latino employees23
Hispano/Latino Management share7
Percentage of Black employees6
Black Management Share2
Percentage of white employees58
White Management Share82
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Garmin shareholder structure

% Name
8.02641%
BLACKROCK, INC.
BLACKROCK, INC.
5.52340%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
4.09217%
VANGUARD PORTFOLIO MANAGEMENT LLC
VANGUARD PORTFOLIO MANAGEMENT LLC
3.56268%
STATE STREET CORP
STATE STREET CORP
2.86988%
ARTISAN PARTNERS LIMITED PARTNERSHIP
ARTISAN PARTNERS LIMITED PARTNERSHIP
2.28811%
GEODE CAPITAL MANAGEMENT, LLC
GEODE CAPITAL MANAGEMENT, LLC
...

Garmin Beneficial Ownership Filings (SEC 13D/G)

Free Float
85.4%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
75.10%
AT&T Inc.
AT&T Inc.
SEC ↗
15.80%
T. ROWE PRICE ASSOCIATES, INC.
T. ROWE PRICE ASSOCIATES, INC.
SEC ↗
14.00%
L. Burrell
L. Burrell
SEC ↗
13.60%
Burrell
Burrell
SEC ↗
13.39%
C. Kao
C. Kao
SEC ↗
11.72%
H. Kao
H. Kao
SEC ↗
10.64%
Abigail P. Johnson
Abigail P. Johnson
SEC ↗
9.99%
Great Point Partners, LLC
Great Point Partners, LLC
SEC ↗
9.73%
Yu-Fan C. Kao
Yu-Fan C. Kao
SEC ↗
9.73%
Min H. Kao
Min H. Kao
SEC ↗

Garmin Executives and Management Board

19 members · avg. age 61 · 26 % women

CP

Mr. Clifton Pemble (59)

President, Chief Executive Officer, Director · since 2003

7.24 M USD

Management

PD

Mr. Patrick Desbois (56)

Co-Chief Operating Officer

2.92 M USD
PS

Mr. Philip Straub (54)

Executive Vice President, Managing Director - Aviation of Garmin International, Inc. · since 2024

2.52 M USD
DB

Mr. Douglas Boessen (63)

Chief Financial Officer, Treasurer

2.30 M USD
BT

Mr. Bradley Trenkle (45)

Co-Chief Operating Officer

1.94 M USD
DB

Mr. Danny Bartel (75)

Vice President - Worldwide Sales of Garmin International, Inc.

1.28 M USD
MM

Mr. Matthew Munn (63)

Executive Vice President, Managing Director Auto OEM of Garmin International, Inc. · since 2024

906,346.00 USD

Board of Directors

MK

Dr. Min Kao (76)

Executive Chairman of the Board · since 2000

384,430.00 USD
JH

Mr. Joseph Hartnett (68)

Non-Executive Independent Director

276,579.00 USD
JB

Mr. Jonathan Burrell (61)

Non-Executive Independent Director

273,662.00 USD
CL

Ms. Catherine Lewis (73)

Non-Executive Independent Director

271,579.00 USD
SB

Ms. Susan Ball (61)

Non-Executive Independent Director

233,245.00 USD
TS

Ms. Teri Seck

Director, Investor Relations · since 2015

Garmin Supply Chain

Garmin Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#Nameβ 1YTrend
1
Starbucks Corporation
Customer·Hotels, Restaurants & Leisure·US
0.43
0.80
0.82
0.94
0.88
0.87
0.81
2
EMCORE
Supplier·Communications Equipment·US
0.57
0.87
0.84
0.93
0.79
0.84
3
Airbus SE
Customer
0.17
0.20
0.62
0.61
0.76
0.82
4
Daimler AG
Customer
0.34
0.14
0.58
0.77
0.66
0.81
5
Dustin Group
Customer·Internet & Direct Marketing Retail·SE
0.18
0.33
0.81
0.95
0.58
0.79
1.11
#Nameβ 1YTrend
1
Clearwater Analytics A
Supplier·Software·US
0.63
0.94
0.93
0.57
2
Bayerische Motoren Werke Aktiengesellschaft
Customer
0.48
0.35
0.47
0.38
0.19
3
Bike24 Holding
Customer·Internet & Direct Marketing Retail·DE
0.41
0.91
0.83
0.94
4
Wirecard
Supplier·N/A·DE
0.33
0.88
0.75
0.91
5
J Sainsbury plc
Customer
0.29
0.60
0.74
-0.09

Frequently asked questions about Garmin

Garmin Ltd operates as a multinational technology company specializing in the production of global positioning system (GPS) technology and devices. The business model of Garmin revolves around designing, manufacturing, and distributing a wide range of GPS-enabled products to various industries and consumers worldwide. These products include navigation devices for automotive, aviation, marine, outdoor, and fitness sectors. Garmin also offers software solutions, digital maps, and wearable devices. The company's commitment to innovation, excellence in product development, and strong distribution networks has been key to its success and market leadership in the GPS technology industry.

Garmin Ltd is primarily active in the industries of navigation, communication, and information devices.

Garmin Ltd operates in a competitive market where several companies offer similar products and services. Some of Garmin's main competitors include TomTom NV, Fitbit Inc., and Apple Inc. These companies also provide a range of navigation systems, fitness trackers, and smartwatches. Despite the competition, Garmin Ltd has carved a niche in the market with its innovative technology and reputation for reliable products. Its continuous focus on product development and commitment to customer satisfaction sets it apart from its rivals. Garmin Ltd remains a strong player in the market alongside these notable competitors.

Garmin Ltd is a renowned company specializing in GPS technology and navigation systems. Founded in 1989 by Gary Burrell and Dr. Min Kao, Garmin has a rich history in the development of innovative GPS devices. With its headquarters in Switzerland, the company has expanded globally with offices in the United States, Europe, and Asia. Garmin is known for its wide range of products, including car navigation systems, wearable fitness trackers, aviation and marine GPS devices, and smartwatches. Combining precision, durability, and user-friendly interfaces, Garmin has established itself as a leading provider of navigation solutions in various industries worldwide.

Garmin Ltd has achieved several significant milestones throughout its history. These include the introduction of the world's first portable aviation GPS, the GPS 100, in 1990. In 2000, Garmin launched the eTrex, a handheld GPS receiver that revolutionized outdoor navigation. The company also made advancements in fitness technology with the release of the Forerunner series in 2003. In recent years, Garmin expanded its product line to include smartwatches like the Garmin Venu and Instinct, with advanced features for fitness enthusiasts. Additionally, Garmin's collaborations with major automobile manufacturers have led to the integration of their navigation systems into various vehicle models. These achievements illustrate Garmin Ltd's commitment to innovation in the field of navigation technology.

Garmin Ltd is primarily present in various countries and regions worldwide. The company has established a strong presence in the United States, its home country. Additionally, Garmin operates in Europe, particularly in Switzerland and the United Kingdom. It also has a significant presence in Asia, with operations in Taiwan and China. Furthermore, Garmin serves customers across South America, including Brazil and Argentina, and has a growing market in Australia. With its diversified global presence, Garmin Ltd caters to a wide range of markets and continues to expand its reach internationally.

Garmin Ltd represents a strong emphasis on innovation, quality, and customer satisfaction. With a corporate philosophy centered on creating products that enhance people's lives, Garmin is committed to developing cutting-edge technologies for its global consumer base. The company's core values revolve around integrity, respect, and teamwork, fostering a collaborative and inclusive work environment. Garmin's dedication to continuous improvement and customer-focused solutions has made it a trusted leader in the field of navigation and wearable technologies.

Analysts currently set an average price target of 229.35 USD for the Garmin stock (median: 219.88 USD), implying -26.2 % versus the latest price. The consensus is based on 15 analyst ratings.

15 analysts currently rate the Garmin stock: 2 recommend buying, 6 holding and 7 selling. For 2026, analysts expect Garmin to generate revenue of 8.01 B USD and earnings per share of 9.57 USD.

Converted at the current exchange rate, the Garmin share trades at 269.21 EUR (310.89 USD).

The Garmin share (GRMN) is listed on 6 stock exchanges, including: NYSE (GRMN), NASDAQ (GRMN), Frankfurt (GEY.F), Düsseldorf (GEY.DU), Hamburg (GEY.HM), SIX (Zürich) (GRMN.SW).

Garmin Ltd. is a globally operating company that develops and distributes GPS technology. The company offers a wide range of products and services that help customers with navigation, fitness and outdoor activities, and aviation. Garmin is headquartered in Schaffhausen, Switzerland and employs over 13,000 employees worldwide.

The expected revenue of Garmin is 8.01 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Garmin is 1.85 B USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Garmin is currently 32.49. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Garmin stock.

The price-to-sales ratio (P/S) of Garmin is currently 7.52. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Garmin stock.

The Eulerpool Quality Score for Garmin is 8/10.

The ISIN of Garmin is CH0114405324. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Garmin is A1C06B. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Garmin is GRMN. The ticker symbol is used to trade Garmin shares on the stock exchange.

Over the past 12 months, Garmin paid a dividend of 3.45 USD . This corresponds to a dividend yield of about 1.11 %. For the coming 12 months, Garmin is expected to pay a dividend of 4.21 USD.

The current dividend yield of Garmin is 1.11 %.

Garmin pays a dividend, distributed in the months of , , , .

Garmin paid dividends every year for the past 23 years.

For the upcoming 12 months, dividends amounting to 4.21 USD are expected. This corresponds to a dividend yield of 1.39 %.

Garmin is assigned to the 'Cyclical consumption' sector.

To receive the latest dividend of Garmin from amounting to 0.9 USD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Garmin distributed 3 USD as dividends.

The dividends of Garmin are distributed in USD.

All fundamentals and in-depth analysis of Garmin

Our stock analysis for Garmin stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Garmin. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.