Garmin Overview

  • Year Founded
  • 1989

Year Founded

  • Status
  • Public

  • Employees
  • 19,900

Employees

  • Stock Symbol
  • GRMN

Stock Symbol

  • Investments
  • 43

  • Share Price
  • $219.78
  • (As of Thursday Closing)

Garmin General Information

Description

Garmin produces GPS-enabled hardware and software for five verticals: fitness, outdoors, auto, aviation, and marine. The company relies on licensing mapping data to enable its hardware specialized for often niche activities like scuba diving or sailing, among many others. Garmin operates in 100 countries and sells its products via distributors as well as relationships with original equipment manufacturers.

Contact Information

Website
www.garmin.com
Ownership Status
Publicly Held
Financing Status
Corporation
Corporate Office
  • 1200 East 151st Street
  • Olathe, KS 66062-3426
  • United States
+1 (913)
Primary Industry
Electronics (B2C)
Other Industries
Aerospace and Defense
Stock Exchange
NYS
Vertical(s)
Industrials, Wearables & Quantified Self, TMT
Corporate Office
  • 1200 East 151st Street
  • Olathe, KS 66062-3426
  • United States
+1 (913)

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Garmin Stock Performance

As of 06-Feb-2025, Garmin’s stock price is $219.78. Its current market cap is $42.2B with 192M shares.

(As of Thursday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$219.78 $218.85 $120.06 - $222.97 $42.2B 192M 774K $7.91

Garmin Financials Summary

As of 30-Sep-2024, Garmin has a trailing 12-month revenue of $5.96B.

In Thousands,
USD
TTM 30-Sep-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021
EV 31,711,425 23,008,827 16,327,802 24,275,750
Revenue 5,956,843 5,228,252 4,860,286 4,982,795
EBITDA 1,634,846 1,300,626 1,188,001 1,333,041
Net Income 1,517,830 1,289,636 973,585 1,082,200
Total Assets 9,347,732 8,603,569 7,731,170 7,854,427
Total Debt 109,832 113,035 114,541 70,044
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Garmin Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Garmin Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Garmin produces GPS-enabled hardware and software for five verticals: fitness, outdoors, auto, aviation, and marine. The
Electronics (B2C)
Olathe, KS
19,900 As of 2023

Sydney, Australia

San Francisco, CA
 
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Garmin Competitors (3)

One of Garmin’s 3 competitors is Panasonic Connect Oceania, a Corporation company based in Sydney, Australia.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Panasonic Connect Oceania Corporation Sydney, Australia
Fitbit Venture Capital-Backed San Francisco, CA
Acushnet Holdings Formerly PE-Backed Fairhaven, MA
You’re viewing 3 of 3 competitors. Get the full list »

Garmin Patents

Garmin Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-12203646-B1 Light lens assembly for wearable electronic device Active 28-May-2024
US-D1060053-S1 Watch with display Active 11-Sep-2023
US-D1060055-S1 Watch with display Active 11-Sep-2023
US-20230382517-A1 Fly-by-wire servo actuator for primary flight control Pending 09-Aug-2023
US-20240228023-A1 Fly-by-wire system with fcc-integrated servo actuators Pending 09-Aug-2023 B64C13/503
To view Garmin’s complete patent history, request access »

Garmin Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Garmin Acquisitions (43)

Garmin’s most recent deal was a Merger/Acquisition with Lumishore for . The deal was made on 30-Sep-2024.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Lumishore 30-Sep-2024 Merger/Acquisition Electrical Equipment
JL Audio 19-Sep-2023 Merger/Acquisition Electronic Equipment and Instruments
Vesper Marine 03-Jan-2022 Merger/Acquisition Marine
GEOS Worldwide 31-Dec-2020 Merger/Acquisition Security Services (B2B)
Firstbeat Analytics 30-Jun-2020 Merger/Acquisition Other Healthcare Services
You’re viewing 5 of 43 acquisitions. Get the full list »

Garmin ESG

Risk Overview

Risk Rating

Updated May, 31, 2024

20.99 | Med Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

Management

Management is related to actions taken to manage ESG issues

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

of 15,120

Rank

Percentile

Consumer Durables

Industry

of 208

Rank

Percentile

Consumer Electronics

Subindustry

of 35

Rank

Percentile

To view Garmin’s complete esg history, request access »

Affiliates

Subsidiaries (9)

Name Industry Location Year Founded
Firstbeat Analytics Jyväskylä, Finland 2020
Lumishore Swansea, United Kingdom 2008
EmpirBus Uddevalla, Sweden 2003
Flight Plan Southbury, CT 1999
Garmin Chile Las Condes, Chile 1996
You’re viewing 5 of 9 affiliates. Get the full list.  »

Garmin FAQs

  • When was Garmin founded?

    Garmin was founded in 1989.

  • Where is Garmin headquartered?

    Garmin is headquartered in Olathe, KS.

  • What is the size of Garmin?

    Garmin has 19,900 total employees.

  • What industry is Garmin in?

    Garmin’s primary industry is Electronics (B2C).

  • Is Garmin a private or public company?

    Garmin is a Public company.

  • What is Garmin’s stock symbol?

    The ticker symbol for Garmin is GRMN.

  • What is the current stock price of Garmin?

    As of 06-Feb-2025 the stock price of Garmin is $219.78.

  • What is the current market cap of Garmin?

    The current market capitalization of Garmin is $42.2B.

  • What is Garmin’s current revenue?

    The trailing twelve month revenue for Garmin is $5.96B.

  • Who are Garmin’s competitors?

    Panasonic Connect Oceania, Fitbit, and Acushnet Holdings are competitors of Garmin.

  • What is Garmin’s annual earnings per share (EPS)?

    Garmin’s EPS for 12 months was $7.91.

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