Garmin (formerly known as ProNav) is a multinational technology company known for its specialization in GPS technology development. The Company designs, develops, manufactures, markets and distributes a diverse family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor-based and information products.

Employee Rating

HQOlathe, US
Size (employees)12,300 (est)
Garmin was founded in 1989 and is headquartered in Olathe, US
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Key People/Management at Garmin

Min Kao

Min Kao

Executive Chairman
Clifton A. Pemble

Clifton A. Pemble

President and CEO
Doug Boessen

Doug Boessen

Chief Financial Officer and Treasurer
Andrew Etkind

Andrew Etkind

Vice President, General Counsel and Secretary
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Garmin Office Locations

Garmin has offices in Olathe, Salem, Xizhi District and Southampton
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
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Garmin Financials and Metrics

Garmin Revenue

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Garmin's revenue was reported to be $3.09 b in FY, 2017 which is a 2.3% increase from the previous period.

Revenue (Q3, 2018)


Gross profit (Q3, 2018)


Gross profit margin (Q3, 2018), %


Net income (Q3, 2018)


EBIT (Q3, 2018)


Market capitalization (17-Jan-2019)


Closing stock price (17-Jan-2019)


Cash (29-Sep-2018)

Garmin's current market capitalization is $12.7 b.
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Cost of goods sold


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USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2018Q2, 2018Q3, 2017Q1, 2018Q2, 2018Q3, 2018



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Financial Leverage

1.3 x
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Garmin Operating Metrics

FY, 2014FY, 2015FY, 2016FY, 2017

Patents Issued

880 950 1.05 k1.10 k


610 640 700 750
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Garmin Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
NavionicsOctober 27, 2017
Alphamantis TechnologiesJuly 20, 2017
ActiveCaptainMay 11, 2017
IiyonetSeptember 30, 2016
DeLormeMarch 03, 2016
PulsedLightJanuary 13, 2016
iKubuJanuary 14, 2015
Fusion ElectronicsJune 30, 2014
Nexus Marine ABSeptember 13, 2012
Garmin Chile Lda.December 22, 2011
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Garmin Revenue Breakdown

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Garmin revenue breakdown by business segment: 16.2% from Aviation, 24.3% from Auto, 12.1% from Marine, 24.7% from Fitness and 22.6% from Outdoor

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Garmin Online and Social Media Presence

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Garmin News and Updates

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 …

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

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

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…

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…

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…
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Garmin Blogs

Self-defense: The Five Most Effective Martial Arts

The first rule taught by any good martial arts teacher is that the best way to win a fight is to run away. Wherever possible, you should try to avoid conflict and stay out of trouble, particularly if you’re only a martial arts newbie. But when things go sideways, it’s a good idea if you [...] The po…

TeamX Introduces GTR 200B Comm Radio with Bluetooth Intercom Designed for Experimental Aircraft

We’re excited to announce the GTR 200B, a comm radio and Bluetooth-enabled intercom designed specifically for experimental and amateur-built aircraft. In addition to advanced auto-squelch, stereo intercom, alert inputs, standby frequency monitoring and more, Bluetooth connectivity allows pilots to c…

Garmin® TeamX introduces the GTR 200B comm radio with Bluetooth® intercom designed for experimental aircraft

Dateline City: OLATHE, Kan. OLATHE, Kan.--(BUSINESS WIRE)--Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the GTR 200B, a comm radio and Bluetooth-enabled intercom designed specifically f…

Garmin Ltd. schedules its fourth quarter 2018 earnings call

Dateline City: SCHAFFHAUSEN, Switzerland SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) invites shareholders and investors to listen to its fourth quarter 2018 earnings conference call that will be …

Aviation Icon meets Next Gen Avionics Technology

Over the past four decades the Sikorsky S-70/UH-60 Black Hawk helicopter has established itself as an icon of versatility in aviation. It can be found in the service of nations all around the world. It’s a symbol of rescue for those in an emergency at sea or in remote locations, and a warrior agains…

New Extended Display Mode Makes It Easier to See Your Data

New Extended Display Mode Makes It Easier to See Your Data Certain Edge® cycling computers¹ can now display data fields from compatible Garmin multisport watches¹ during multistage activities such as brick workouts, duathlons or triathlons. This allows you to see your cumulative stats, such as total…
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Garmin Company Life and Culture

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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 A. Pemble and Doug Boessen.

  • How many employees does Garmin have?

    Garmin has 12,300 employees.

  • What is Garmin revenue?

    Latest Garmin annual revenue is $3.1 b.

  • What is Garmin revenue per employee?

    Latest Garmin revenue per employee is $251 k.

  • Who are Garmin competitors?

    Competitors of Garmin include Trimble, Fitbit and i-cubed.

  • Where is Garmin headquarters?

    Garmin headquarters is located at 1200 E 151st St, Olathe.

  • Where are Garmin offices?

    Garmin has offices in Olathe, Salem, Xizhi District and Southampton.

  • How many offices does Garmin have?

    Garmin has 4 offices.