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Friday 13 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

286.61 7.32 −2.49%
Market cap
$55.2B
P/E
27.4×
Fwd P/E
26.5×
Dividend yield
1.36%
F-score
7/9
ROIC
19.7%
Net debt / EBITDA
−1.3×
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/FCF

Alert me on EV/FCF

As of 12 November 2026, Garmin Ltd. (GRMN) trades at a EV/FCF of 36.1×. Over the past ten years it has ranged from 12.8× (January 2017) to 60.6× (December 2022); the current reading is higher than 92% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 26.7× (11.11%)
FY2024 30.1× 59.18%
FY2023 18.9× (38.22%)
FY2022 30.6× (11.70%)
FY2021 34.6× 56.37%
FY2020 22.1× (25.22%)
FY2019 29.6× 113.21%
FY2018 13.9× (30.22%)
FY2017 19.9× 48.36%
FY2016 13.4× (54.72%)

Quarterly newest first

Period EV/FCF Change
Sep 2026 36.2× 33.85%
Jun 2026 27.0× (6.83%)
Mar 2026 29.0× 8.61%
Dec 2025 26.7× (20.86%)
43 more quarters

Against its own ten years

Low 12.8× High 60.6×
Ten-year median 24.1×
Current reading's percentile 92

EV/FCF against peers

Company EV/FCF
COHR Coherent Corp. compare −25.9×
TRMB Trimble Inc. compare 18.1×
FTV Fortive Corporation compare 22.5×
TDY Teledyne Technologies Incorporated compare 27.4×
CGNX Cognex Corporation compare 27.7×
ESE ESCO Technologies Inc. compare 31.1×
MKSI MKS Inc. compare 32.5×
KEYS Keysight Technologies Inc. compare 34.8×
GRMN Garmin Ltd. 36.1×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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