OverviewSuggest Edit
Garmin is a company specializing in GPS technology development. It designs, develops, manufactures, markets, and distributes hand-held, wearable, portable, and fixed-mount GPS-enabled products and other navigation, communications, sensor-based, and information products. The company serves the auto, aviation, fitness, marine, and outdoor markets.
| Type | Public | |
| Founded | 1989 | |
| HQ | Olathe, KS, US | Map |
| Website | garmin.com | |
| Employee Ratings | More | |
| Overall Culture | A- | 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 Pemble
President and CEO
Douglas Boessen
Chief Financial Officer and Treasurer
Jonathan Burrell
Director
Joseph Hartnett
Director
Andrew Etkind
Vice President, General Counsel and Secretary
Garmin Office Locations
Garmin has offices in Olathe, Salem, Eastern Creek, Oberpremstätten and in 25 other locations
Olathe, KS, US (HQ)
1200 E 151st St
Salem, OR, US
2345 Turner Rd SE
Eastern Creek, AU
30 Clay Pl
Oberpremstätten, AT
Seering 7
Evere, BE
Pieter Dupontstraat 165
Las Condes, CL
Rosario Nte 660
Garmin Financials and Metrics
Garmin Revenue
Garmin's revenue was reported to be $3.76 b in FY, 2019 which is a 12.2% increase from the previous period.
| USD | |
|---|---|
Revenue (Q3, 2020) | 1.1b |
Gross profit (Q3, 2020) | 668.0m |
Gross profit margin (Q3, 2020), % | 60.2% |
Net income (Q3, 2020) | 313.4m |
EBIT (Q3, 2020) | 317.1m |
Market capitalization (15-Jan-2021) | 23.1b |
Closing stock price (15-Jan-2021) | 121.0 |
Cash (26-Sept-2020) | 1.2b |
EV | 22.0b |
Garmin's current market capitalization is $23.1 b.
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 710.9m | 894.5m | 810.0m | 766.1m | 954.8m | 934.4m | 856.1m | 869.9m | 1.1b |
Cost of goods sold | 284.3m | 371.2m | 329.3m | 314.4m | 379.5m | 366.9m | 349.2m | 354.4m | 441.2m |
Gross profit | 426.5m | 523.3m | 480.7m | 451.7m | 575.4m | 567.5m | 506.9m | 515.4m | 668.0m |
Gross profit Margin, % | 60% | 59% | 59% | 59% | 60% | 61% | 59% | 59% | 60% |
Annual
Quarterly
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 129.4m | 319.7m | 503.9m | 140.2m | 363.8m | 591.7m | 161.2m | 345.4m | 658.8m |
Depreciation and Amortization | 23.1m | 48.2m | 71.5m | 24.0m | 50.7m | 77.6m | 28.2m | 57.5m | 90.1m |
Inventories | (26.5m) | (4.7m) | (69.1m) | (46.6m) | (86.1m) | (210.6m) | (47.3m) | (57.1m) | (56.1m) |
Accounts Payable | (36.7m) | 1.6m | 32.6m | (32.8m) | 6.0m | 27.5m | (39.9m) | (51.5m) | (11.9m) |
| USD | FY, 2017 |
|---|---|
Revenue/Employee | 251.0k |
Financial Leverage | 1.3 x |
P/E Ratio | 16.1 |
Garmin Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Firstbeat Analytics | July 01, 2020 | |
| Flight Plan | August 29, 2018 | |
| EmpirBus | February 20, 2018 | |
| 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 |
Garmin Revenue Breakdown
Garmin revenue breakdown by business segment: 19.6% from Aviation, 14.6% from Auto, 13.5% from Marine, 27.9% from Fitness and 24.4% from Outdoor
Garmin revenue breakdown by geographic segment: 35.9% from EMEA, 15.7% from APAC and 48.4% from Americas
Garmin Cybersecurity Score
Garmin Online and Social Media Presence
206.35k Twitter followers
Garmin has 206.35k Twitter Followers. The number of followers has decreased 0.4% month over month and decreased 0.1% quarter over quarter
Garmin's Trends
Twitter Engagement Stats for @garmin
62.7k
Tweets
605
Following
206.4k
Followers
213
Tweets last 30 days
3.6
Avg. likes per Tweet
22.1%
Tweets with engagement
Garmin Company Culture
Overall Culture
A-
75/100
CEO Rating
B+
73/100
Compensation
B
73/100
Diversity
C
64/100
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…
Garmin Blogs
January 19, 2021
Garmin Ltd. schedules its fourth quarter 2020 earnings call
SCHAFFHAUSEN, SWITZERLAND/Jan. 19, 2021/Business Wire — Garmin® Ltd. (Nasdaq: GRMN) invites shareholders and investors to listen to its fourth quarter 2020 earnings conference call that will be broadcast over the Internet on Wednesday, February 17, 2021 at 10:30 a.m. ET, with executives of Garmin. T…
January 14, 2021
Garmin Receives Consecutive Supplier of the Year Awards from Embraer
Embraer awarded the Garmin aviation team with its 11th Supplier of the Year award in the past 10 years. The Supplier of the Year distinction was presented in the Electric and Electronic Systems category for the G3000® Prodigy Touch flight deck systems in the Phenom 100EV and Phenom 300E. “We are hon…
January 13, 2021
Any Body Can Do It
Mirna Valerio is an ultrarunner, an author and an inspiration. She’s also one of our Women of Adventure. Mirna may not be what you imagine when you think of an ultrarunner who climbs mountains, and that’s OK. She likes to surprise people. Moreover, she loves to inspire people. Throughout her athleti…
January 13, 2021
Garmin Social Sweepstakes: Start Strong
OFFICIAL RULES NO PURCHASE NECESSARY TO ENTER OR WIN. MUST BE 18 YEARS OF AGE OR OLDER TO ENTER. VOID WHERE PROHIBITED BY LAW. ELIGIBILITY: The Sweepstakes is open only to individuals who are legal residents of the 50 United States (excluding Puerto Rico residents) or the District of Columbia, a…
January 13, 2021
Garmin receives consecutive Supplier of the Year awards from Embraer
OLATHE, Kan./Jan. 13, 2021/Business Wire – Garmin® International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced that it received its 11th Supplier of the Year award from Embraer in a virtual ceremony last month. The Supplier of the Year distinction was presented to Garmin in the Electri…
January 11, 2021
Q&A with Captain Rick Murphy
You might know Rick Murphy as the host of one your favorite fishing shows, but we’re asking Captain Murphy questions no one has ever thought to ask.
The post Q&A with Captain Rick Murphy appeared first on Garmin Blog.
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 Pemble and Douglas Boessen.
How many employees does Garmin have?
Garmin has 15,000 employees.
What is Garmin revenue?
Latest Garmin annual revenue is $3.8 b.
What is Garmin revenue per employee?
Latest Garmin revenue per employee is $250.5 k.
Who are Garmin competitors?
Competitors of Garmin include Honeywell Aerospace, Alpine Electronics Of America and Casio Computer.
Where is Garmin headquarters?
Garmin headquarters is located at 1200 E 151st St, Olathe.
Where are Garmin offices?
Garmin has offices in Olathe, Salem, Eastern Creek, Oberpremstätten and in 25 other locations.
How many offices does Garmin have?
Garmin has 29 offices.
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