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)
Olathe, US
Size (employees)
11,600 (est)
Garmin was founded in 1989 and is headquartered in Olathe, US

Key People 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

Garmin Data and Metrics

Garmin Financial Metrics

Garmin's revenue was reported to be $3 b in FY, 2016 which is a 7% increase from the previous period.
$, USD

Revenue (FY, 2016)

3 b

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

1.7 b

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

510.8 m

EBIT (FY, 2016)

623.9 m

Market capitalization (23-Jun-2017)

9.7 b

Closing share price (23-Jun-2017)


Cash (31-Dec-2016)

846.9 m
Garmin's current market capitalization is $9.7 b.
$, USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


2.6 b2.9 b2.8 b3 b

Revenue growth, %


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

Gross profit Margin, %


Operating expense total

833.3 m913.8 m989.1 m1.1 b


574 m690.6 m549.6 m623.9 m

EBIT margin, %


Interest expense

1.2 m

Interest income

29.7 m33.4 m

Pre tax profit

567.2 m629.7 m

Income tax expense

111 m118.9 m

Net Income

612.4 m364.2 m456.2 m510.8 m
$, USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016


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


55.2 m48.6 m81.6 m89.9 m

Current Assets

2.6 b2.5 b2.2 b2.3 b


414.8 m430.9 m

Total Assets

4.9 b4.7 b4.5 b4.5 b

Accounts Payable

146.6 m149.1 m178.9 m172.4 m

Current Liabilities

905.3 m1 b866 m782.7 m

Additional Paid-in Capital

79.3 m73.5 m62.2 m1.8 b

Retained Earnings

1.9 b1.9 b1.9 b2.1 b

Total Equity

3.7 b3.4 b3.3 b3.4 b

Financial Leverage

1.3 x1.4 x1.3 x1.3 x
$, 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


(18 m)(76 m)(120 m)(2.5 m)

Accounts Payable

18 m9 m36.1 m(11.5 m)

Cash From Operating Activities

630.1 m522.7 m280.5 m705.7 m

Purchases of PP&E

(56.1 m)(73.3 m)(80.6 m)(91 m)

Cash From Investing Activities

(274.4 m)131.3 m(112 m)(121.5 m)

Cash From Financing Activities

(406.8 m)(599.6 m)(500.1 m)(561.7 m)

Income Taxes Paid

73.4 m175.5 m252.9 m115.5 m
$, USDY, 2016


259.7 k

Financial Leverage

1.3 x

Garmin Market Value History

Garmin Revenue Breakdown

Garmin Online and Social Media Presence

Garmin News and Updates

Garmin Company Life and Culture

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