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Saturday 7 November 2026 Export GRMN’s income statement to Excel — free account

Garmin Ltd.

GRMN Technology Scientific & Technical Instruments

Garmin Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, up 15.1% from fiscal 2024.

Revenue
+12.2%
EPS
+34.4%
Free cash flow
−31.0%

Quarter to September 2026, against a year earlier

285.57 0.83 −0.29%
Market cap
$55.2B
P/E
27.2×
Fwd P/E
26.5×
Dividend yield
1.37%
F-score
7/9
Altman Z
14.19
Beneish M
−2.24
Dividend safety
96/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Garmin Ltd. (GRMN) EV/EBITDA

Alert me on EV/EBITDA

As of 6 November 2026, Garmin Ltd. (GRMN) trades at a EV/EBITDA of 21.3×. Over the past ten years it has ranged from 7.6× (October 2015) to 25.1× (December 2024); the current reading is higher than 90% of that period. That is above the Scientific & Technical Instruments industry median of 18.3× and above the Technology sector median of 14.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 17.6× (15.97%)
FY2024 20.9× 19.38%
FY2023 17.5× 26.10%
FY2022 13.9× (21.52%)
FY2021 17.7× (0.50%)
FY2020 17.8× 9.31%
FY2019 16.3× 34.85%
FY2018 12.1× (8.23%)
FY2017 13.2× 15.77%
FY2016 11.4× 18.21%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 21.5× 14.99%
Jun 2026 18.7× (3.73%)
Mar 2026 19.4× 10.26%
Dec 2025 17.6× (22.89%)
43 more quarters

Against its own ten years

Low 7.6× High 25.1×
Ten-year median 15.3×
Current reading's percentile 90

EV/EBITDA against peers

Company EV/EBITDA
MKSI MKS Inc. compare 15.4×
TRMB Trimble Inc. compare 16.6×
FTV Fortive Corporation compare 18.0×
TDY Teledyne Technologies Incorporated compare 18.3×
ESE ESCO Technologies Inc. compare 19.4×
GRMN Garmin Ltd. 21.3×
COHR Coherent Corp. compare 24.8×
KEYS Keysight Technologies Inc. compare 26.8×
CGNX Cognex Corporation compare 27.3×
Scientific & Technical Instruments industry median 18.3×
Technology sector median 14.4×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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