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/Management 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 Financials and Metrics

Garmin Financials

Garmin's revenue was reported to be $3 b in FY, 2016

Revenue (Q3, 2017)

743.1 m

Gross profit (Q3, 2017)

433.7 m

Gross profit margin (Q3, 2017), %


Net income (Q3, 2017)

147.4 m

EBIT (Q3, 2017)

169.8 m

Market capitalization (13-Dec-2017)

11.5 b

Cash (30-Sep-2017)

891.3 m
Garmin's current market capitalization is $11.5 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016


2.6 b2.9 b2.8 b3 b

Revenue growth, %


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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


643.6 m583.2 m777.8 m706.3 m585.4 m773.8 m679.7 m624 m811.6 m722.3 m638.5 m816.9 m743.1 m

Cost of goods sold

290.7 m252.4 m333.4 m308 m241.3 m354.6 m317.5 m284.2 m348.7 m316.3 m266.4 m339 m309.4 m

Gross profit

352.9 m330.8 m444.5 m398.2 m344.1 m419.3 m362.2 m339.9 m463 m406 m372.1 m477.9 m433.7 m

Gross profit Margin, %

USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016


1.1 b1.3 b1.3 b1.2 b1.2 b1.2 b833.1 m846.9 m


55.2 m48.6 m81.6 m484.8 m

Current Assets

2.6 b2.5 b2.2 b2.3 b


414.8 m430.9 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


1.1 b1.1 b1.2 b1.2 b1.2 b938.2 m914.9 m857.7 m801.5 m912.6 m833.6 m859.6 m891.3 m

Accounts Receivable

475.7 m427.5 m497 m478.7 m425.7 m502 m431.9 m408.3 m510.3 m461.4 m391.3 m514.9 m457.4 m


416.7 m442 m429.7 m466.5 m470.4 m458.5 m503.2 m517.8 m508.2 m534.7 m533.2 m525.2 m107.3 m

Current Assets

2.4 b2.4 b2.5 b2.4 b2.5 b2.3 b2.2 b2.1 b2.2 b2.2 b2.2 b2.3 b2.3 b
    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


    (18 m)(76 m)(120 m)(2.5 m)
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017

    Net Income

    187.7 m118.8 m182 m(146.8 m)66.8 m137.8 m119.3 m88.1 m161.1 m125.1 m237.8 m147.4 m

    Accounts Receivable

    497 m478.7 m425.7 m502 m431.9 m408.3 m510.3 m461.4 m391.3 m457.4 m


    107.3 m

    Accounts Payable

    132.6 m144.9 m125.7 m146.1 m158.7 m137.2 m151.9 m148 m136.9 m158.6 m
      USDY, 2017


      64.1 k

      Financial Leverage

      1.3 x
      Show all financial metrics

      Garmin Operating Metrics

      FY, 2014FY, 2015FY, 2016

      Patents Issued

      8809501.05 k


      Show all operating metrics

      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
      Tri-TronicsJune 24, 2011
      NavigonJune 14, 2011
      Belanor ASOctober 21, 2010
      MetriGearSeptember 20, 2010
      Sportsmanship International ABOctober 02, 2008
      Navcor OyJune 29, 2008
      Formar Electronics N.V./S.A.May 29, 2008
      Fairpoint Navigation A/SJanuary 16, 2008
      Garmin Italia S.p.A.August 02, 2007
      Garmin Iberia SAJuly 16, 2007
      Garmin Deutschland GmbHJuly 03, 2007
      Nautamatic Marine SystemsMarch 27, 2007
      Digital CycloneJanuary 04, 2007$45 m
      EME Tec Sat SASJanuary 03, 2007
      Dynastream InnovationsNovember 30, 2006$36 m
      MotionBased TechnologiesOctober 09, 2005
      UPS Aviation TechnologiesJuly 23, 2003$38 m

      Garmin Market Value History

      Garmin Revenue Breakdown

      Garmin's Web-traffic and Trends

      Garmin Online and Social Media Presence

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