OverviewSuggest Edit
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.
| Type | Public | |
| Founded | 1989 | |
| HQ | Olathe, US | Map |
| Website | garmin.com | |
| Employee Ratings | 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
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, Salem, Southampton and Xizhi District
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 $3.35 b in FY, 2018
| USD | |
|---|---|
Revenue (FY, 2018) | 3.3b |
Gross profit (FY, 2018) | 2.0b |
Gross profit margin (FY, 2018), % | 59.1% |
Net income (FY, 2018) | 694.1m |
EBIT (FY, 2018) | 778.3m |
Market capitalization (22-Mar-2019) | 15.8b |
Closing stock price (22-Mar-2019) | 83.6 |
Cash (29-Dec-2018) | 1.2b |
Garmin's current market capitalization is $15.8 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 |
|---|---|
Revenue/Employee | 264.6k |
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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Competitors
Garmin Online and Social Media Presence
158.27k Twitter followers
Garmin has 158.27k Twitter Followers. The number of followers has increased 0.7% month over month and increased 2.4% quarter over quarter
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Twitter Engagement Stats for @garmin
54k
Tweets
618
Following
158.3k
Followers
472
Tweets last 30 days
1
Avg. likes per Tweet
20.1%
Tweets with engagement
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
March 19, 2019
Aviation Database Coverage and Capabilities Expanded in Australia
We have received approval of a CASR 175.C Data Service Provider (DSP) certificate from the Civil Aviation Safety Authority (CASA), enabling expanded aviation database coverage in Australia. In addition to the integration of Airservices Australia data into the suite of Garmin databases, Garmin Pilot …
March 19, 2019
IBBI names Garmin its 2018 Supplier of the Year
Garmin International, Inc. today announced that it received the prestigious Supplier of the Year distinction from the Independent Boat Builders, Inc. (IBBI), the industry’s largest purchasing cooperative comprised of a 19-member network of leading boat brands that collectively build nearly 25% of al…
March 16, 2019
Garmin Pilot Adds FltPlan.com Integration, AOPA FBO Fees and More
Our latest version of Garmin Pilot — version 9.6 — includes an expanded feature set designed to increase integration with FltPlan.com, and provide pilots with additional information about their destination airport prior to flight, en route, or upon arrival. New to version 9.6, pilots can seamlessl…
March 15, 2019
Garmin Connect IQ Developer Summit 2019 Agenda
The post Garmin Connect IQ Developer Summit 2019 Agenda appeared first on Garmin Blog.
March 15, 2019
Women of Aviation Week 2019
Each year at the beginning of March, the aviation community celebrates the anniversary of the world’s first female pilot license, earned by Raymonde de Laroche on March 8, 1910. Women of Aviation Week was established on the centennial anniversary of this achievement in 2010 to not only honor this ac…
March 12, 2019
Garmin Earns Best Supplier Award From Embraer for Tenth Time
On February 28, 2019, at the annual Embraer Suppliers Conference at Embraer’s facility in Sao Jose dos Campos, Brazil, we were honored with the best supplier of the year award for the 10th time. Our team was named the best supplier for Electrical Systems of the Year related to the support of the G10…
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 13,000 employees.
What is Garmin revenue?
Latest Garmin annual revenue is $3.3 b.
What is Garmin revenue per employee?
Latest Garmin revenue per employee is $257.5 k.
Who are Garmin competitors?
Competitors of Garmin include GoPro, Trimble and Fitbit.
Where is Garmin headquarters?
Garmin headquarters is located at 1200 E 151st St, Olathe.
Where are Garmin offices?
Garmin has offices in Olathe, Salem, Southampton and Xizhi District.
How many offices does Garmin have?
Garmin has 4 offices.