Garmin
ProfileJobs (292)

Garmin

Suggest Edit
    • Manufacturing & IndustrialTechnologyconsumer electronicsgeolocationnavigationsatellitewearableswireless

    Garmin (formerly known as ProNav) is a multinational technology company known for its specialization in GPS technology development. The Company designs, develops, manufactures, markets and distributes a diverse family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor-based and information products.

    Revenue(FY, 2017)
    $3.1 B
    Market capitalization(2019-01-17)
    $12.7 B

    Employee Rating

    3.8More
    TypePublic
    HQOlathe, US
    Founded1989
    Size (employees)12,300 (est)
    Websitegarmin.com
    Garmin was founded in 1989 and is headquartered in Olathe, US
    Report incorrect company information

    Viewing summary data as a guest

    Sign up for free to see all data

    Key People/Management at Garmin

    Min Kao

    Min Kao

    Executive Chairman
    Clifton A. Pemble

    Clifton A. Pemble

    President and CEO
    Doug Boessen

    Doug Boessen

    Chief Financial Officer and Treasurer
    Andrew Etkind

    Andrew Etkind

    Vice President, General Counsel and Secretary
    Show more

    Garmin Office Locations

    Garmin has offices in Olathe, Salem, Xizhi District and Southampton
    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
    Show all (4)
    Report incorrect company information

    Garmin Financials and Metrics

    Garmin Revenue

    Embed Graph
    View revenue for all periods
    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 (17-Jan-2019)

    		12.7b

    Closing stock price (17-Jan-2019)

    		67.0

    Cash (29-Sep-2018)

    		1.1b
    Garmin's current market capitalization is $12.7 b.
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Revenue

    		2.9b2.8b3.0b3.1b

    Revenue growth, %

    		9%(2%)7%2%

    Cost of goods sold

    		1.3b1.3b1.3b1.3b

    Gross profit

    		1.6b1.5b1.7b1.8b
    Quarterly
    USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2018Q2, 2018Q3, 2017Q1, 2018Q2, 2018Q3, 2018

    Revenue

    		583.2m777.8m706.3m585.4m773.8m679.7m624.0m811.6m722.3m638.5m816.9m743.1m710.9m894.5m810.0m

    Cost of goods sold

    		252.4m333.4m308.0m241.3m354.6m317.5m284.2m348.7m316.3m266.4m339.0m309.4m284.3m371.2m329.3m

    Gross profit

    		330.8m444.5m398.2m344.1m419.3m362.2m339.9m463.0m406.0m372.1m477.9m433.7m426.5m523.3m480.7m

    Gross profit Margin, %

    		57%57%56%59%54%53%54%57%56%58%58%58%60%59%59%
    show all
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Cash

    		1.2b1.2b833.1m846.9m891.5m

    Accounts Receivable

    		570.2m531.5m527.1m590.9m

    Prepaid Expenses

    		48.6m81.6m89.9m153.9m

    Inventories

    		382.2m48.6m500.6m484.8m517.6m
    Quarterly
    USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2018Q2, 2018Q3, 2017Q1, 2018Q2, 2018Q3, 2018

    Cash

    		1.1b1.2b1.2b1.2b938.2m914.9m857.7m801.5m912.6m833.6m859.6m891.3m899.0m946.7m1.1b

    Accounts Receivable

    		427.5m497.0m478.7m425.7m502.0m431.9m408.3m510.3m461.4m391.3m514.9m457.4m409.7m533.1m467.8m

    Prepaid Expenses

    		57.6m83.7m72.7m96.4m93.8m90.7m94.3m106.8m107.3m

    Inventories

    		442.0m429.7m466.5m470.4m458.5m503.2m517.8m508.2m534.7m533.2m525.2m575.3m547.4m501.5m556.6m
    show all
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Net Income

    		612.4m364.2m456.2m510.8m695.0m

    Depreciation and Amortization

    		78.8m48.4m78.4m86.3m86.3m

    Inventories

    		(17.6m)(76.0m)(121.7m)(2.5m)(38.6m)

    Accounts Payable

    		18.0m9.0m36.1m(11.5m)(17.2m)
    Quarterly
    USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2018Q2, 2018Q3, 2017Q1, 2018Q2, 2018Q3, 2018

    Net Income

    		118.8m300.8m154.0m66.8m204.5m323.8m88.1m249.2m374.2m237.8m408.8m556.2m129.4m319.7m503.9m

    Depreciation and Amortization

    		18.4m37.5m55.6m18.9m38.1m58.4m20.2m41.5m62.5m21.7m42.8m63.7m23.1m48.2m71.5m

    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)1.6m32.6m
    show all
    USDY, 2018

    Financial Leverage

    		1.3 x
    Show all financial metrics

    Garmin Operating Metrics

    FY, 2014FY, 2015FY, 2016FY, 2017

    Patents Issued

    		880 950 1.05 k1.10 k

    Trademarks

    		610 640 700 750
    Show all operating metrics

    Garmin Acquisitions / Subsidiaries

    Acquired CompanyDateDeal Size
    NavionicsOctober 27, 2017
    Alphamantis TechnologiesJuly 20, 2017
    ActiveCaptainMay 11, 2017
    IiyonetSeptember 30, 2016
    DeLormeMarch 03, 2016
    PulsedLightJanuary 13, 2016
    iKubuJanuary 14, 2015
    Fusion ElectronicsJune 30, 2014
    Nexus Marine ABSeptember 13, 2012
    Garmin Chile Lda.December 22, 2011
    Show more

    Garmin Revenue Breakdown

    Embed Graph

    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

    Report incorrect company information

    Competitors

    Trimble
    Manufacturing & Industrial - Public
    Fitbit
    Healthcare - Public
    i-cubed
    Manufacturing & Industrial - Private
    Track Group
    Manufacturing & Industrial - Public
    Compare competitors

    Garmin Online and Social Media Presence

    Embed Graph
    Report incorrect company information

    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…
    Show more
    Report incorrect company information

    Garmin Blogs

    January 17, 2019

    Self-defense: The Five Most Effective Martial Arts

    The first rule taught by any good martial arts teacher is that the best way to win a fight is to run away. Wherever possible, you should try to avoid conflict and stay out of trouble, particularly if you’re only a martial arts newbie. But when things go sideways, it’s a good idea if you [...] The po…
    January 16, 2019

    TeamX Introduces GTR 200B Comm Radio with Bluetooth Intercom Designed for Experimental Aircraft

    We’re excited to announce the GTR 200B, a comm radio and Bluetooth-enabled intercom designed specifically for experimental and amateur-built aircraft. In addition to advanced auto-squelch, stereo intercom, alert inputs, standby frequency monitoring and more, Bluetooth connectivity allows pilots to c…
    January 16, 2019

    Garmin® TeamX introduces the GTR 200B comm radio with Bluetooth® intercom designed for experimental aircraft

    Dateline City: OLATHE, Kan. OLATHE, Kan.--(BUSINESS WIRE)--Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the GTR 200B, a comm radio and Bluetooth-enabled intercom designed specifically f…
    January 14, 2019

    Garmin Ltd. schedules its fourth quarter 2018 earnings call

    Dateline City: SCHAFFHAUSEN, Switzerland SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) invites shareholders and investors to listen to its fourth quarter 2018 earnings conference call that will be …
    January 11, 2019

    Aviation Icon meets Next Gen Avionics Technology

    Over the past four decades the Sikorsky S-70/UH-60 Black Hawk helicopter has established itself as an icon of versatility in aviation. It can be found in the service of nations all around the world. It’s a symbol of rescue for those in an emergency at sea or in remote locations, and a warrior agains…
    January 10, 2019

    New Extended Display Mode Makes It Easier to See Your Data

    New Extended Display Mode Makes It Easier to See Your Data Certain Edge® cycling computers¹ can now display data fields from compatible Garmin multisport watches¹ during multistage activities such as brick workouts, duathlons or triathlons. This allows you to see your cumulative stats, such as total…
    Show more

    Garmin Company Life and Culture

    Report incorrect company information
    Download PDF

     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 i-cubed.

    • Where is Garmin headquarters?

      Garmin headquarters is located at 1200 E 151st St, Olathe.

    • Where are Garmin offices?

      Garmin has offices in Olathe, Salem, Xizhi District and Southampton.

    • How many offices does Garmin have?

      Garmin has 4 offices.