Garmin
ProfileJobs (131)

Garmin

Suggest Edit
    • Manufacturing & IndustrialTechnologyconsumer electronicsgeolocationnavigationsatellitewearableswireless

    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.

    Revenue(FY, 2017)
    $3.1 B
    Market capitalization(2018-04-20)
    $11.1 B
    Type
    Public
    HQ
    Olathe, US
    Founded
    1989
    Size (employees)
    11,600 (est)
    Website
    garmin.com
    Garmin was founded in 1989 and is headquartered in Olathe, US
    Report incorrect company information

    Key People/Management at Garmin

    Clifton Pemble

    Clifton Pemble

    President and CEO
    Min Kao

    Min Kao

    Executive Chairman
    Doug Boessen

    Doug Boessen

    Chief Financial Officer and Treasurer
    Andrew Etkind

    Andrew Etkind

    Vice President, General Counsel and Secretary

    Garmin Office Locations

    Garmin has offices in Olathe, Southampton, Xizhi District and Salem
    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 (4)
    Report incorrect company information

    Garmin Financials and Metrics

    Garmin Financials

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

    Revenue (FY, 2017)

    		3.1 b

    Revenue growth (FY, 2016 - FY, 2017), %

    		2.3%

    Gross profit (FY, 2017)

    		1.8 b

    Gross profit margin (FY, 2017), %

    		57.8%

    Net income (FY, 2017)

    		695 m

    EBIT (FY, 2017)

    		668.9 m

    Market capitalization (20-Apr-2018)

    		11.1 b

    Cash (30-Dec-2017)

    		891.5 m
    Garmin's current market capitalization is $11.1 b.
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Revenue

    		2.9 b2.8 b3 b3.1 b

    Revenue growth, %

    		9%(2%)7%2%

    Cost of goods sold

    		1.3 b1.3 b1.3 b1.3 b

    Gross profit

    		1.6 b1.5 b1.7 b1.8 b
    Quarterly
    USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Revenue

    		585.4 m773.8 m679.7 m624 m811.6 m722.3 m638.5 m816.9 m743.1 m

    Cost of goods sold

    		241.3 m354.6 m317.5 m284.2 m348.7 m316.3 m266.4 m339 m309.4 m

    Gross profit

    		344.1 m419.3 m362.2 m339.9 m463 m406 m372.1 m477.9 m433.7 m

    Gross profit Margin, %

    		59%54%53%54%57%56%58%58%58%
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Cash

    		1.2 b833.1 m846.9 m891.5 m

    Accounts Receivable

    		570.2 m531.5 m527.1 m590.9 m

    Prepaid Expenses

    		48.6 m81.6 m89.9 m153.9 m

    Inventories

    		48.6 m81.6 m484.8 m517.6 m
    Quarterly
    USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Cash

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

    Accounts Receivable

    		425.7 m502 m431.9 m408.3 m510.3 m461.4 m391.3 m514.9 m457.4 m

    Prepaid Expenses

    		57.6 m83.7 m72.7 m96.4 m93.8 m90.7 m94.3 m106.8 m107.3 m

    Inventories

    		470.4 m458.5 m503.2 m517.8 m508.2 m534.7 m533.2 m525.2 m107.3 m
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Net Income

    		364.2 m456.2 m510.8 m695 m

    Depreciation and Amortization

    		48.4 m51.3 m55.8 m59.9 m

    Inventories

    		(76 m)(120 m)(2.5 m)(38.6 m)

    Accounts Payable

    		9 m36.1 m(11.5 m)(17.2 m)
    Quarterly
    USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2018Q2, 2018Q3, 2017

    Net Income

    		66.8 m204.5 m323.8 m88.1 m249.2 m374.2 m237.8 m408.8 m556.2 m

    Depreciation and Amortization

    		18.9 m38.1 m58.4 m20.2 m41.5 m62.5 m21.7 m42.8 m43.4 m

    Inventories

    		(56.9 m)(45.6 m)(111 m)(18.9 m)(16.7 m)(41 m)(41.4 m)(34.6 m)(86.6 m)

    Accounts Payable

    		(26 m)(7.1 m)16.9 m(45.5 m)(32.3 m)(40.7 m)(44.2 m)(20.9 m)(24.5 m)
    show all
    USDY, 2017

    Revenue/Employee

    		266.1 k

    Financial Leverage

    		1.3 x
    Show all financial metrics

    Garmin Operating Metrics

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

    Patents Issued

    		880 950 1.05 k1.10 k

    Trademarks

    		610 640 700 750
    Show all operating metrics

    Garmin Acquisitions / Subsidiaries

    Acquired CompanyDateDeal Size
    Navionics October 27, 2017
    Alphamantis Technologies July 20, 2017
    ActiveCaptain May 11, 2017
    Iiyonet September 30, 2016
    DeLorme March 03, 2016
    PulsedLight January 13, 2016
    iKubu January 14, 2015
    Fusion Electronics June 30, 2014
    Nexus Marine AB September 13, 2012
    Garmin Chile Lda. December 22, 2011
    Show more
    Report incorrect company information

    Competitors

    Monster Digital
    Manufacturing & Industrial - Public
    Trimble
    Manufacturing & Industrial - Public
    Fitbit
    Health - Public
    KVH Industries
    Communications - Public
    Compare competitors

    Garmin News and Updates

    April 23, 2018

    Garmin's Growth Continues, But Shares Are Likely Appreciating Faster Than Value

    February 27, 2018

    Garmin Introduces GFC 600H Helicopter Flight Control System

    The new attitude-based flight control system, derived from attitude and heading reference systems, is designed to reduce pilot workload and improve mission safety, and includes a number of safety features specifically tailored for helicopters.
    February 12, 2018

    Satellite-based Automatic Identification Systems arket Trends & Forecast to 2025- Industry Analysis by Geographical Regions

    ReportsWeb.com has added a new report titled “Global Satellite-based Automatic Identification Systems Report”, to the database, the report focuses on Product Price, Profit, Capacity, Production, Capacity Utilization, Supply, Demand and Industry Growth. Posted via Industry Today. Follow us on Twitter…
    February 07, 2018

    Automotive Over the Air (OTA) Updates Global Market 2018: Key Players – Blackberry Limited, Garmin Ltd, Harman International Industries, NXP Semiconductors, Verizon Communications

    Automotive Over the Air (OTA) Updates -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday
    February 06, 2018

    Cycle Computer Global Market 2018: Key Players – Garmin, CatEye, Pioneer Electronics, VDO Cyclecomputers, Sigma Sport

    Cycle Computer -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday
    February 05, 2018

    Helmet Cameras Market 2018 Receives a Rapid Boost in Economy due to High Emerging Demands by Forecast to 2022

    “Global Helmet Cameras Market Professional Survey Report 2018” newly adds in ReportsWeb.com database. This report covers leading key company profiles with information such as business overview, regional analysis, consumption, revenue and specification. Posted via Industry Today. Follow us on Twitter…
    Show more
    Report incorrect company information
    Download PDF