Garmin
| Type | Public |
| HQ | Olathe, US |
| Founded | 1989 |
| Size (employees) | 12,300 (est) |
| Website | garmin.com |
Garmin was founded in 1989 and is headquartered in Olathe, US
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Viewing summary data as a guest
Sign up for free to see all dataKey People/Management at Garmin
Min Kao
Executive Chairman
Clifton A. Pemble
President and CEO
Doug Boessen
Chief Financial Officer and Treasurer
Andrew Etkind
Vice President, General Counsel and Secretary
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Garmin Office Locations
Garmin has offices in Olathe, Southampton, Xizhi District and Salem
Olathe, US (HQ)
1200 E 151st St
Salem, US
2345 Turner Rd SE
Xizhi District, TW
Zhangshu 2nd Rd
Southampton, GB
Liberty House, Bulls Copse Road, Hounsdown Business Park
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Garmin Financials and Metrics
Garmin Revenue
Garmin's revenue was reported to be $3.09 b in FY, 2017 which is a 2.3% increase from the previous period.
| USD | |
|---|---|
Revenue (Q3, 2018) | 810.0m |
Gross profit (Q3, 2018) | 480.7m |
Gross profit margin (Q3, 2018), % | 59.4% |
Net income (Q3, 2018) | 184.2m |
EBIT (Q3, 2018) | 196.0m |
Market capitalization (9-Nov-2018) | 12.5b |
Closing stock price (9-Nov-2018) | 66.1 |
Cash (29-Sep-2018) | 1.1b |
Garmin's current market capitalization is $12.5 b.
Annual
Quarterly
| USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2018 | Q2, 2018 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 583.2m | 777.8m | 706.3m | 585.4m | 773.8m | 679.7m | 624.0m | 811.6m | 722.3m | 638.5m | 816.9m | 743.1m | 710.9m | 894.5m | 810.0m |
Cost of goods sold | 252.4m | 333.4m | 308.0m | 241.3m | 354.6m | 317.5m | 284.2m | 348.7m | 316.3m | 266.4m | 339.0m | 309.4m | 284.3m | 371.2m | 329.3m |
Gross profit | 330.8m | 444.5m | 398.2m | 344.1m | 419.3m | 362.2m | 339.9m | 463.0m | 406.0m | 372.1m | 477.9m | 433.7m | 426.5m | 523.3m | 480.7m |
Gross profit Margin, % | 57% | 57% | 56% | 59% | 54% | 53% | 54% | 57% | 56% | 58% | 58% | 58% | 60% | 59% | 59% |
Annual
Quarterly
| USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2018 | Q2, 2018 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 1.1b | 1.2b | 1.2b | 1.2b | 938.2m | 914.9m | 857.7m | 801.5m | 912.6m | 833.6m | 859.6m | 891.3m | 899.0m | 946.7m | 1.1b |
Accounts Receivable | 427.5m | 497.0m | 478.7m | 425.7m | 502.0m | 431.9m | 408.3m | 510.3m | 461.4m | 391.3m | 514.9m | 457.4m | 409.7m | 533.1m | 467.8m |
Prepaid Expenses | 57.6m | 83.7m | 72.7m | 96.4m | 93.8m | 90.7m | 94.3m | 106.8m | 107.3m | ||||||
Inventories | 442.0m | 429.7m | 466.5m | 470.4m | 458.5m | 503.2m | 517.8m | 508.2m | 534.7m | 533.2m | 525.2m | 575.3m | 547.4m | 501.5m | 556.6m |
Annual
Quarterly
| USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2018 | Q2, 2018 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 118.8m | 300.8m | 154.0m | 66.8m | 204.5m | 323.8m | 88.1m | 249.2m | 374.2m | 237.8m | 408.8m | 556.2m | 129.4m | 319.7m | 503.9m |
Depreciation and Amortization | 18.4m | 37.5m | 55.6m | 18.9m | 38.1m | 58.4m | 20.2m | 41.5m | 62.5m | 21.7m | 42.8m | 63.7m | 23.1m | 48.2m | 71.5m |
Inventories | (64.1m) | (61.8m) | (107.3m) | (56.9m) | (45.6m) | (111.0m) | (18.9m) | (16.7m) | (41.0m) | (41.4m) | (34.6m) | (86.6m) | (26.5m) | (4.7m) | (69.1m) |
Accounts Payable | (20.4m) | (14.6m) | (3.2m) | (26.0m) | (7.1m) | 16.9m | (45.5m) | (32.3m) | (40.7m) | (44.2m) | (20.9m) | (24.5m) | (36.7m) | 1.6m | 32.6m |
| USD | Y, 2018 |
|---|---|
Financial Leverage | 1.3 x |
Garmin Acquisitions / Subsidiaries
| Acquired Company | Date | Deal Size |
|---|---|---|
| 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 | |
| Nexus Marine AB | September 13, 2012 | |
| Garmin Chile Lda. | December 22, 2011 |
Garmin Revenue Breakdown
Garmin revenue breakdown by business segment: 16.2% from Aviation, 24.3% from Auto, 12.1% from Marine, 24.7% from Fitness and 22.6% from Outdoor
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Garmin Online and Social Media Presence
154.45k Twitter followers
Garmin has 154.45k Twitter Followers. The number of followers has increased 0.7% month over month and increased 1.9% quarter over quarter
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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…
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Garmin Blogs
November 06, 2018
Rebecca Rusch: Sponsored Athlete and Emmy Winner
Rebecca Rusch is a professional athlete, seven time World Champion, and now an Emmy award winner. One of her recent projects, Blood Road, is a documentary of her personal journey of healing and self-discovery. Rusch and her Vietnamese riding partner pedaled 1,200 miles to reach the site where her fa…
November 01, 2018
How to Inspire Your Kids to Run
By Jacky H., Garmin Ambassador @ncrunnerjacky “Your child will follow your example, not your advice.” I often get asked how I motivate my 5-year-old daughter to run with me. It didn’t just happen by itself, but I was very happy when Eliza started running with me just before her fifth birthday. My ki…
October 31, 2018
inReach: Searching for a Lost Family Dog
Maria and Roger Hart of New Zealand bought an inReach® satellite communicator as part of their risk management planning in both personal and professional activities. Whether they’re on fishing and hunting trips or managing their beehives, having an inReach device on hand gives them peace of mind. Wh…
October 30, 2018
Garmin expands GPSMAP 8600/8600xsv Series
Garmin International, Inc. today announced the GPSMAP 8600/8600xsv series, an extension of its flagship GPSMAP 8600 series that brings premium features like built-in sonar and new BlueChart g3 coastal cartography and LakeVü g3 maps with Navionics data and built-in Auto Guidance* to smaller, more aff…
October 30, 2018
Garmin Redefines Marine Cartography
Garmin International, Inc. today announced BlueChart g3 and LakeVü g3, a new line of cartography products for coastal and inland boating that blend the best of both Garmin and Navionics content together for the first time to deliver unparalleled coverage and detail. The new BlueChart g3 charts and L…
October 30, 2018
Garmin introduces the inReach Mini Marine Bundle
Garmin International, Inc. today announced the inReach Mini Marine Bundle, a new addition to its popular line of satellite communicators with available two-way messaging, basic naviation and a 24/7 SOS function via the global Iridium® network1 built with the mariner in mind. Designed for life on the…
Garmin Company Life and Culture
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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, Clifton A. Pemble and Doug Boessen.
How many employees does Garmin have?
Garmin has 12,300 employees.
What is Garmin revenue?
Latest Garmin annual revenue is $3.1 b.
What is Garmin revenue per employee?
Latest Garmin revenue per employee is $251 k.
Who are Garmin competitors?
Competitors of Garmin include Trimble, Fitbit and Voler Systems.
Where is Garmin headquarters?
Garmin headquarters is located at 1200 E 151st St, Olathe.
Where are Garmin offices?
Garmin has offices in Olathe, Southampton, Xizhi District and Salem.
How many offices does Garmin have?
Garmin has 4 offices.