Garmin
Company Growth (employees)
Garmin was founded in 1989 and is headquartered in Olathe, US
Key People/Management at Garmin
Min Kao
Chairman and CEO
Clifton Pemble
President and chief operating officer
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 Financials and Metrics
Garmin Financials
Garmin's revenue was reported to be $638.5 m in Q1, 2018
USD
Revenue (Q1, 2018) | 638.5 m |
Gross profit (Q1, 2018) | 372.1 m |
Gross profit margin (Q1, 2018), % | 58% |
Net income (Q1, 2018) | 237.8 m |
EBIT (Q1, 2018) | 116.3 m |
Market capitalization (17-Oct-2017) | 10.4 b |
Cash (01-Apr-2017) | 833.6 m |
Garmin's current market capitalization is $10.4 b.
- Source: Company Filings
| USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|---|---|
Revenue | 2.6 b | 2.9 b | 2.8 b | 3 b | |||
Revenue growth, % | 9% | (2%) | 7% | ||||
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 |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 777.8 m | 706.3 m | 585.4 m | 773.8 m | 679.7 m | 624 m | 811.6 m | 722.3 m | 638.5 m |
Cost of goods sold | 333.4 m | 308 m | 241.3 m | 354.6 m | 317.5 m | 284.2 m | 348.7 m | 316.3 m | 266.4 m |
Gross profit | 444.5 m | 398.2 m | 344.1 m | 419.3 m | 362.2 m | 339.9 m | 463 m | 406 m | 372.1 m |
Gross profit Margin, % | 57% | 56% | 59% | 54% | 53% | 54% | 57% | 56% | 58% |
- Source: Company Filings
| USD | Y, 2009 | Y, 2010 | Y, 2011 | Y, 2012 | Y, 2013 | Y, 2014 | Y, 2015 | FY, 2016 |
|---|---|---|---|---|---|---|---|---|
Cash | 1.1 b | 1.3 b | 1.3 b | 1.2 b | 1.2 b | 1.2 b | 833.1 m | 846.9 m |
Inventories | 55.2 m | 48.6 m | 81.6 m | 484.8 m | ||||
Current Assets | 2.6 b | 2.5 b | 2.2 b | 2.3 b | ||||
PP&E | 414.8 m | 430.9 m |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 1.2 b | 1.2 b | 1.2 b | 938.2 m | 914.9 m | 857.7 m | 801.5 m | 912.6 m | 833.6 m |
Accounts Receivable | 497 m | 478.7 m | 425.7 m | 502 m | 431.9 m | 408.3 m | 510.3 m | 461.4 m | 391.3 m |
Inventories | 429.7 m | 466.5 m | 470.4 m | 458.5 m | 503.2 m | 517.8 m | 508.2 m | 534.7 m | 533.2 m |
Current Assets | 2.5 b | 2.4 b | 2.5 b | 2.3 b | 2.2 b | 2.1 b | 2.2 b | 2.2 b | 2.2 b |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 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 |
Inventories | (18 m) | (76 m) | (120 m) | (2.5 m) |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2018 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 182 m | (146.8 m) | 66.8 m | 137.8 m | 119.3 m | 88.1 m | 161.1 m | 125.1 m | 237.8 m |
Accounts Receivable | 497 m | 478.7 m | 425.7 m | 502 m | 431.9 m | 408.3 m | 510.3 m | 461.4 m | 391.3 m |
Accounts Payable | 132.6 m | 144.9 m | 125.7 m | 146.1 m | 158.7 m | 137.2 m | 151.9 m | 148 m | 136.9 m |
| Y, 2017 | |
|---|---|
Financial Leverage | 1.2 x |
Garmin Market Value History
Garmin Revenue Breakdown
Garmin Job Categories
Market Position of Garmin
Traffic Overview of Garmin
Garmin Online and Social Media Presence
Garmin News and Updates
October 18, 2017
Garmin’s new Vivosport is an ideal lightweight smart activity tracker
If you’re looking to get pretty much all the benefits of a smartwatch without a watch, and to track your activity and sport performance with tools that are more than up to the task, Garmin’s Vivosport is a strong option, with a price tag that comes in well under that of most dedicated smartwatches.…
October 06, 2017
In-Dash Navigation System Market will Possibly to Surpass a Value of US$ 20 Bn by 2022
Persistence Market Research (PMR), in its recent study, projects the global market for in-dash navigation system to register an impressive CAGR throughout the forecast period 2017 to 2022. Posted via Industry Today. Follow us on Twitter @IndustryToday
October 04, 2017
Global Driving Recorder Market 2017 : Garmin, Limtech, E-Prance, Incredisonic, Auto-vox, DEC and Eroda
Market Research Store added a depth and professional market study report on Global Driving Recorder Market 2017. This report also provides more details about Market Size, Share, Analysis, import/export consumption, supply and demand Figures, cost, price, revenue and gross margins. Posted via Industr…
September 21, 2017
Global Car DVR Market 2017 : Blackvue (Pittasoft Co.Ltd.), Cobra Electronics Corporation, Finevu (Fine DigitalInc.), Garmin, Honeywell, Itronics and Lukas (Qrontech Co.Ltd
Market Research Store added a depth and professional market study report on Global Car DVR Market 2017. This report also provides more details about Market Size, Share, Analysis, import/export consumption, supply and demand Figures, cost, price, revenue and gross margins. Posted via Industry Today. …
September 20, 2017
Flight Tracking System 2017 Global Market Segmentation, Top Key Players Analysis and Forecast to 2022
Wiseguyreports.Com Publish New Market Research Report On-“Flight Tracking System Global Market 2017: Key Players – Honeywell, Rockwell Collins, Garmin, Aireon LLC”. Posted via Industry Today. Follow us on Twitter @IndustryToday
May 28, 2017
Garmin to appeal ITC initial determination
Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), announced today that an Administrative Law Judge (ALJ) at the International Trade Commission (ITC) made an initial determination in the enforcement proceeding brought by Navico, Inc. against Garmin. The ALJ’s initial determination conc…