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 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 Data and Metrics

Garmin Financial Metrics

Garmin's revenue was reported to be $638.5 m in Q1, 2017
USD

Revenue (Q1, 2017)

638.5 m

Gross profit (Q1, 2017)

372.1 m

Gross profit margin (Q1, 2017), %

58%

Net income (Q1, 2017)

237.8 m

EBIT (Q1, 2017)

116.3 m

Market capitalization (22-Aug-2017)

9.7 b

Cash (01-Apr-2017)

833.6 m
Garmin's current market capitalization is $9.7 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

Gross profit Margin, %

53%56%55%56%

General and administrative expense

410.6 m

Operating expense total

410.6 m

EBIT

574 m690.6 m549.6 m623.9 m

EBIT margin, %

22%24%19%21%

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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

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%

EBIT

218.8 m175.5 m111.7 m166.7 m125.5 m103.8 m200.7 m159.6 m116.3 m

EBIT margin, %

28%25%19%22%18%17%25%22%18%

Interest income

9.7 m9.3 m8 m7.4 m6.9 m7.4 m8.5 m8.2 m8.4 m

Pre tax profit

208.7 m172.7 m76.2 m173.6 m164.9 m107.5 m203.8 m149.8 m87.7 m

Net Income

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

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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

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

PP&E

428.5 m431.8 m436.1 m445.7 m439.1 m449 m450.7 m454.2 m503.8 m

Total Assets

4.7 b4.7 b4.5 b4.4 b4.4 b4.4 b4.5 b4.6 b4.6 b

Accounts Payable

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

Current Liabilities

969.3 m1.1 b824.3 m961.7 m894.7 m680.7 m1 b920 m571.5 m

Additional Paid-in Capital

87.4 m92.1 m80.6 m85.2 m89.9 m70.4 m73.3 m1.9 b1.8 b

Retained Earnings

1.8 b1.6 b1.9 b1.7 b1.8 b2 b1.8 b1.9 b2.3 b

Total Equity

3.5 b3.2 b3.5 b3.2 b3.2 b3.4 b3.2 b3.4 b3.7 b

Financial Leverage

1.4 x1.4 x1.3 x1.4 x1.4 x1.3 x1.4 x1.4 x1.2 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

Inventories

(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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

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

Garmin Operating Metrics

FY, 2014FY, 2015FY, 2016

Patents Issued

8809501.05 k

Trademarks

610640700

    Garmin Market Value History

    Garmin Revenue Breakdown

    Traffic Overview of Garmin

    Garmin Online and Social Media Presence

    Garmin News and Updates

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