Craft

Garmin

Stock Price

$142.8

2024-04-24

Market Capitalization

$26.8 B

2024-04-20

Revenue

$5.2 B

FY, 2023

Garmin Summary

Company Summary

Overview
Garmin is a company that manufactures and distributes GPS-enabled products. Its business is divided into six segments: Fitness, Outdoor, Aviation, Marine, Consumer Auto, and Auto OEM. The Fitness segment offers running and multi-sport watches, cycling computers, power meters, bike radars, activity tracking devices, etc. The Outdoor segment provides adventure watches, dog tracking and training devices, outdoor handhelds, and golf devices. The Aviation segment includes integrated flight decks, electronic flight displays and instrumentation, audio control systems, and other products. The Marine segment offers chart plotters and multi-function displays, cartography, fishfinders, autopilot systems, etc. The Consumer Auto segment provides personal navigation devices and cameras. The Auto OEM segment consists of original equipment manufacturer solutions such as embedded computing models, infotainment systems, embedded navigation, etc.
Type
Public
Status
Active
Founded
1989
HQ
Olathe, KS, US | view all locations
Website
https://www.garmin.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Clifton Pemble

    Clifton Pemble, President and CEO, Director

    • Douglas Boessen

      Douglas Boessen, Chief Financial Officer and Treasurer

    • Andrew Etkind

      Andrew Etkind, Vice President, General Counsel and Secretary

    • Min Kao

      Min Kao, Executive Chairman

      Operating MetricsView all

      Trademarks

      1.2K
      7.4%

      FY, 2023

      Products Delivered

      282M
      6.0%

      FY, 2023

      Products Delivered per Year

      16M
      6.7%

      FY, 2023

      LocationsView all

      36 locations detected

      • Olathe, KS HQ

        United States

        1200 E 151st St

      • Salem, OR

        United States

        2345 Turner Rd SE

      • Marsden Park, NSW

        Australia

        19 Hawthorne Ave

      • Oberpremstätten, Steiermark

        Austria

        Seering 7

      • Brussels, Bruxelles

        Belgium

        Rue Pierre Dupont 165

      • São Paulo, SP

        Brazil

        Rua Engenheiro Mesquita Sampaio, 329 - Vila São Francisco

      and 30 others

      Garmin Financials

      Summary Financials

      Revenue (FY, 2023)
      $5.2B
      Gross profit (FY, 2023)
      $3.0B
      Net income (FY, 2023)
      $1.3B
      Cash (FY, 2023)
      $1.7B
      EBIT (FY, 2023)
      $1.1B
      Enterprise value
      $25.2B

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