Established in 1989, Garmin is a leading manufacturer of marine, aviation, and consumer technologies suitable to run on the Global Positioning System (GPS). It has delivered more than 100 million products, most of them enabled with GPS, which is far more than any other navigation provider. Customers ranked high to Garmin products because they are easy to use and high in quality.
Company Growth (employees)
Type
Public
HQ
Olathe, US
Founded
1989
Size (employees)
11,600 (est)
Website
garmin.com
Garmin was founded in 1989 and is headquartered in Olathe, US

Key People/Management at Garmin

Min Kao

Min Kao

Chairman and CEO
Clifton Pemble

Clifton Pemble

President and chief operating officer
Doug Boessen

Doug Boessen

Chief Financial Officer and Treasurer

Garmin Office Locations

Garmin has offices in Olathe, Southampton, Xizhi District, Salem and in 16 other locations
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 (20)

Garmin Financials and Metrics

Garmin Financials

Garmin's revenue was reported to be $638.5 m in Q1, 2018
USD

Revenue (Q1, 2018)

638.5 m

Gross profit (Q1, 2018)

372.1 m

Gross profit margin (Q1, 2018), %

58%

Net income (Q1, 2018)

237.8 m

EBIT (Q1, 2018)

116.3 m

Market capitalization (17-Oct-2017)

10.4 b

Cash (01-Apr-2017)

833.6 m
Garmin's current market capitalization is $10.4 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.6 b2.9 b2.8 b3 b

Revenue growth, %

9%(2%)7%

Cost of goods sold

1.3 b1.4 b1.3 b1.2 b1.3 b1.3 b1.3 b

Gross profit

1.4 b1.6 b1.5 b1.7 b
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2018

Revenue

777.8 m706.3 m585.4 m773.8 m679.7 m624 m811.6 m722.3 m638.5 m

Cost of goods sold

333.4 m308 m241.3 m354.6 m317.5 m284.2 m348.7 m316.3 m266.4 m

Gross profit

444.5 m398.2 m344.1 m419.3 m362.2 m339.9 m463 m406 m372.1 m

Gross profit Margin, %

57%56%59%54%53%54%57%56%58%
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

1.1 b1.3 b1.3 b1.2 b1.2 b1.2 b833.1 m846.9 m

Inventories

55.2 m48.6 m81.6 m484.8 m

Current Assets

2.6 b2.5 b2.2 b2.3 b

PP&E

414.8 m430.9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2018

Cash

1.2 b1.2 b1.2 b938.2 m914.9 m857.7 m801.5 m912.6 m833.6 m

Accounts Receivable

497 m478.7 m425.7 m502 m431.9 m408.3 m510.3 m461.4 m391.3 m

Inventories

429.7 m466.5 m470.4 m458.5 m503.2 m517.8 m508.2 m534.7 m533.2 m

Current Assets

2.5 b2.4 b2.5 b2.3 b2.2 b2.1 b2.2 b2.2 b2.2 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

612.4 m364.2 m456.2 m510.8 m

Depreciation and Amortization

48.5 m48.4 m51.3 m55.8 m

Accounts Receivable

38.6 m(27 m)22.5 m9 m

Inventories

(18 m)(76 m)(120 m)(2.5 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2018

Net Income

182 m(146.8 m)66.8 m137.8 m119.3 m88.1 m161.1 m125.1 m237.8 m

Accounts Receivable

497 m478.7 m425.7 m502 m431.9 m408.3 m510.3 m461.4 m391.3 m

Accounts Payable

132.6 m144.9 m125.7 m146.1 m158.7 m137.2 m151.9 m148 m136.9 m
Y, 2017

Financial Leverage

1.2 x
Show all financial metrics

Garmin Operating Metrics

FY, 2014FY, 2015FY, 2016

Patents Issued

8809501.05 k

Trademarks

610640700
Show all operating metrics

Garmin Market Value History

Garmin Revenue Breakdown

Garmin Job Categories

Traffic Overview of Garmin

Garmin Online and Social Media Presence

Garmin News and Updates

Garmin’s new Vivosport is an ideal lightweight smart activity tracker

 If you’re looking to get pretty much all the benefits of a smartwatch without a watch, and to track your activity and sport performance with tools that are more than up to the task, Garmin’s Vivosport is a strong option, with a price tag that comes in well under that of most dedicated smartwatches.…

In-Dash Navigation System Market will Possibly to Surpass a Value of US$ 20 Bn by 2022

Persistence Market Research (PMR), in its recent study, projects the global market for in-dash navigation system to register an impressive CAGR throughout the forecast period 2017 to 2022. Posted via Industry Today. Follow us on Twitter @IndustryToday

Global Driving Recorder Market 2017 : Garmin, Limtech, E-Prance, Incredisonic, Auto-vox, DEC and Eroda

Market Research Store added a depth and professional market study report on Global Driving Recorder Market 2017. This report also provides more details about Market Size, Share, Analysis, import/export consumption, supply and demand Figures, cost, price, revenue and gross margins. Posted via Industr…

Global Car DVR Market 2017 : Blackvue (Pittasoft Co.Ltd.), Cobra Electronics Corporation, Finevu (Fine DigitalInc.), Garmin, Honeywell, Itronics and Lukas (Qrontech Co.Ltd

Market Research Store added a depth and professional market study report on Global Car DVR Market 2017. This report also provides more details about Market Size, Share, Analysis, import/export consumption, supply and demand Figures, cost, price, revenue and gross margins. Posted via Industry Today. …

Flight Tracking System 2017 Global Market Segmentation, Top Key Players Analysis and Forecast to 2022

Wiseguyreports.Com Publish New Market Research Report On-“Flight Tracking System Global Market 2017: Key Players – Honeywell, Rockwell Collins, Garmin, Aireon LLC”. Posted via Industry Today. Follow us on Twitter @IndustryToday

Garmin to appeal ITC initial determination

Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), announced today that an Administrative Law Judge (ALJ) at the International Trade Commission (ITC) made an initial determination in the enforcement proceeding brought by Navico, Inc. against Garmin. The ALJ’s initial determination conc…

Garmin Company Life and Culture

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