OverviewSuggest Edit
Garmin is a multinational company specializing in GPS technology development. The company designs, develops, manufactures, markets, and distributes hand-held, wearable, portable, and fixed-mount GPS-enabled products and other navigation, communications, sensor-based, and information products. It serves the auto, aviation, fitness, marine, and outdoor markets.
| Type | Public | |
| Founded | 1989 | |
| HQ | Olathe, US | Map |
| Website | garmin.com | |
| Employee Ratings | More | |
| Culture score | A- | More |
Recent NewsAll News
- What will be the growth of Smart Wearable Lifestyle Devices Market? Players evolve: Apple, Fitbit, Garmin, Jawbone (Aliph)
- Gym/Club Fitness Trackers Global Market Top Key Players – Fitbit, Samsung, XiaoMi, Garmin, Jabra, Atlas Wearables and Forecast to 2023
- PoS Devices Market Excellent Growth by 2023| Comprehensive Study on Key Players: Garmin, Esterline, Honeywell Aerospace, Avidyne Corp
- Rapid Growth of Physical Education Technology Market | Key Vendors (Garmin ,Jawbone ,Konami ,Motorola Mobility ,Nike ,Pebble) | Global Forecasts Till 2025
Key People/Management at Garmin
Min Kao
Executive Chairman
Douglas Boessen
Chief Financial Officer and Treasurer
Clifton Pemble
President and CEO
Andrew Etkind
Vice President, General Counsel and Secretary
Garmin Office Locations
Garmin has offices in Olathe, Salem, Eastern Creek, Oberpremstätten and in 25 other locations
Olathe, US (HQ)
1200 E 151st St
Salem, US
2345 Turner Rd SE
Eastern Creek, AU
30 Clay Pl
Oberpremstätten, AT
Seering 7
Evere, BE
Pieter Dupontstraat 165
Las Condes, CL
Rosario Nte 660
Garmin Financials and Metrics
Garmin Revenue
Garmin's revenue was reported to be $3.76 b in FY, 2019 which is a 12.2% increase from the previous period.
| USD | |
|---|---|
Revenue (Q1, 2020) | 856.1m |
Gross profit (Q1, 2020) | 506.9m |
Gross profit margin (Q1, 2020), % | 59.2% |
Net income (Q1, 2020) | 161.2m |
EBIT (Q1, 2020) | 177.5m |
Market capitalization (22-May-2020) | 16.0b |
Closing stock price (22-May-2020) | 83.9 |
Cash (28-Mar-2020) | 1.0b |
EV | 15.0b |
Garmin's current market capitalization is $16 b.
Annual
Annual
Annual
| USD | Y, 2020 |
|---|---|
EV/EBIT | 84.7 x |
EV/CFO | 66.5 x |
Financial Leverage | 1.2 x |
Garmin Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Flight Plan | August 29, 2018 | |
| EmpirBus | February 20, 2018 | |
| Navionics | October 27, 2017 | |
| Alphamantis Technologies | July 20, 2017 | |
| ActiveCaptain | May 11, 2017 | |
| Iiyonet | September 30, 2016 | |
| DeLorme | March 03, 2016 | |
| PulsedLight | January 13, 2016 | |
| iKubu | January 14, 2015 | |
| Fusion Electronics | June 30, 2014 |
Garmin Revenue Breakdown
Garmin revenue breakdown by business segment: 19.6% from Aviation, 14.6% from Auto, 13.5% from Marine, 27.9% from Fitness and 24.4% from Outdoor
Garmin revenue breakdown by geographic segment: 35.9% from EMEA, 15.7% from APAC and 48.4% from Americas
Garmin Online and Social Media Presence
170.68k Twitter followers
Garmin has 170.68k Twitter Followers. The number of followers has increased 1% month over month and increased 2% quarter over quarter
Garmin's Trends
Twitter Engagement Stats for @garmin
59.6k
Tweets
609
Following
170.7k
Followers
393
Tweets last 30 days
2.5
Avg. likes per Tweet
18.8%
Tweets with engagement
Garmin Company Culture
Overall Culture
A-
75/100
CEO Rating
B+
73/100
Compensation
B
73/100
Diversity
C
64/100
Garmin News and Updates
August 23, 2018
What will be the growth of Smart Wearable Lifestyle Devices Market? Players evolve: Apple, Fitbit, Garmin, Jawbone (Aliph)
HTF MI released a new market study on Global Smart Wearable Lifestyle Devices Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete …
August 22, 2018
Gym/Club Fitness Trackers Global Market Top Key Players – Fitbit, Samsung, XiaoMi, Garmin, Jabra, Atlas Wearables and Forecast to 2023
Wiseguyreports.Com Added New Market Research Report On -“Gym/Club Fitness Trackers Market 2018 Manufacturers, Applications and Future Demand Forecast to 2023 ”. Posted via Industry Today. Follow us on Twitter @IndustryToday
August 14, 2018
PoS Devices Market Excellent Growth by 2023| Comprehensive Study on Key Players: Garmin, Esterline, Honeywell Aerospace, Avidyne Corp
PoS Devices Market Latest Developments by Type, by End-Users/Application, by Region - Forecast and Business Outlook Posted via Industry Today. Follow us on Twitter @IndustryToday
August 09, 2018
Rapid Growth of Physical Education Technology Market | Key Vendors (Garmin ,Jawbone ,Konami ,Motorola Mobility ,Nike ,Pebble) | Global Forecasts Till 2025
The physical education technology market is highly dynamic as it is still in its nascent stage, with many vendors still exploring ways to converge technology with physical education activities while ensuring educational institutions do not incur substantial additional expenditure. Posted via Industr…
August 06, 2018
12 of the best GPS devices for your car
While today's smartphones are loaded with Google Maps or Apple Maps, they are merely quick solutions for traveling short distances. Believe it or not, getting a dedicated GPS device for your car or truck is still the best way to get to your destination safely and with ease.
SEE ALSO: 11 of the be…
August 03, 2018
Fish Finders Market to Rise at 6.0% CAGR between 2018 and 2023, Widening Application Base to Boost Growth
Fish Finders Market Report contains complete information about manufacturers, suppliers, distributors, traders, customers, investors and major types as well as applications. Fish Finders market report provides an in-depth overview of Product Specification, technology, product type and production ana…
Garmin Blogs
May 15, 2020
The Impact of the Global Pandemic on Human Activity: Part III
The Top Line Total worldwide steps decreased by 12% in April 2020 Worldwide steps from just workout activities increased by 24% More people are exercising, but in different ways, to make up for the coronavirus’ suppression of normal daily movement Years from now when we look back at this pandemic, w…
May 11, 2020
When I Let Go of the Physical Results of Fitness, I Found the Benefits
Exercise is beneficial to much more than just physical appearance – or even physical health. It substantially improves your mental health and emotional well-being. In these times, that is an essential reason to keep moving. We asked Garmin Ambassador Sarah Buchanan to share what motives her to conti…
May 07, 2020
Five Things to Know Before Buying a Bike Trainer
Bike trainers allows you to train safely in all weather conditions, giving you the convenience of being able to train regardless of the circumstance. If you want to buy an indoor bike trainer, you will find yourself faced with lots of choices. Obviously, for those who have no experience, this can be…
May 04, 2020
Taking Care of Your Physical and Mental Health in Uncertain Times
Now more than ever it’s important for us to band together and support one another. And investing in your well-being can help improve mood and maintain a sense of normalcy in times that are really not normal at all. That’s why Mindbody and Garmin have teamed up to create a list of tips to help […]
Th…
May 01, 2020
Jimmy Buffett’s Custom-Built 42-footer Includes Full Complement of the Latest Garmin Technology
Jimmy Buffett, the well known singer and mariner, has a new boat that's turning a lot of heads — and not just Parrot Heads.
The post Jimmy Buffett’s Custom-Built 42-footer Includes Full Complement of the Latest Garmin Technology appeared first on Garmin Blog.
April 29, 2020
Garmin 10KADAY Sweepstakes Rules
Garmin 10KADAY Sweepstakes: OFFICIAL RULES NO PURCHASE NECESSARY TO ENTER OR WIN. MUST BE 18 YEARS OF AGE OR OLDER TO ENTER. VOID WHERE PROHIBITED BY LAW. ELIGIBILITY: The Sweepstakes is open only to individuals who are legal residents of the 50 United States (excluding Puerto Rico residents) or…
Garmin Frequently Asked Questions
When was Garmin founded?
Garmin was founded in 1989.
Who are Garmin key executives?
Garmin's key executives are Min Kao, Douglas Boessen and Clifton Pemble.
How many employees does Garmin have?
Garmin has 15,000 employees.
What is Garmin revenue?
Latest Garmin annual revenue is $3.8 b.
What is Garmin revenue per employee?
Latest Garmin revenue per employee is $250.5 k.
Who are Garmin competitors?
Competitors of Garmin include Fitbit, Honeywell and Casio Computer.
Where is Garmin headquarters?
Garmin headquarters is located at 1200 E 151st St, Olathe.
Where are Garmin offices?
Garmin has offices in Olathe, Salem, Eastern Creek, Oberpremstätten and in 25 other locations.
How many offices does Garmin have?
Garmin has 29 offices.
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