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 17 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 Metrics

Garmin Financial Metrics

Revenue (2016)

$3 b

Revenue growth (2015-16), %


Gross profit

$1.7 b

Gross profit margin (2016), %


Net income (2016)

$510.8 m

Market capitalization (21-Mar-2017)

$9.8 b

Closing share price (21-Mar-2017)


Cash (31-Dec-2016)

$846.9 m
Garmin's current market capitalization is $9.8 b.
Garmin's revenue was reported to be $3 b in FY, 2016 which is a 7% increase from the previous period.
FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


$2.6 b$2.9 b$2.8 b$3 b

Revenue growth, %


Cost of goods sold

$1.3 b$1.4 b$1.3 b$1.2 b$1.3 b$1.3 b$1.3 b

Gross profit

$1.4 b$1.6 b$1.5 b$1.7 b

Gross profit Margin, %


Operating expense total

$833.3 m$913.8 m$989.1 m$1.1 b


$574 m$690.6 m$549.6 m$623.9 m

EBIT margin, %


Interest expense

$1.2 m

Interest income

$29.7 m$33.4 m

Pre tax profit

$567.2 m$629.7 m

Income tax expense

$111 m$118.9 m

Net Income

$612.4 m$364.2 m$456.2 m$510.8 m
Y, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016


$1.1 b$1.3 b$1.3 b$1.2 b$1.2 b$1.2 b$833.1 m$846.9 m

Accounts Receivable


$55.2 m$48.6 m$81.6 m$89.9 m

Current Assets

$2.6 b$2.5 b$2.2 b$2.3 b


$414.8 m$430.9 m

Total Assets

$4.9 b$4.7 b$4.5 b$4.5 b

Accounts Payable

$146.6 m$149.1 m$178.9 m$172.4 m

Current Liabilities

$905.3 m$1 b$866 m$782.7 m

Additional Paid-in Capital

$79.3 m$73.5 m$62.2 m$1.8 b

Retained Earnings

$1.9 b$1.9 b$1.9 b$2.1 b

Total Equity

$3.7 b$3.4 b$3.3 b$3.4 b

Financial Leverage

1.3 x1.4 x1.3 x1.3 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$612.4 m$364.2 m$456.2 m$510.8 m

Depreciation and Amortization

$48.5 m$48.4 m$51.3 m$55.8 m

Accounts Receivable

$38.6 m($27 m)$22.5 m$9 m


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

Accounts Payable

$18 m$9 m$36.1 m($11.5 m)

Cash From Operating Activities

$630.1 m$522.7 m$280.5 m$705.7 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)

Interest Paid

Income Taxes Paid

$73.4 m$175.5 m$252.9 m$115.5 m

Garmin Market Value History

Garmin Revenue Breakdown

Garmin Online Presence

Garmin News

Garmin Company Life

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