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. In the quarter to June 2026, revenue grew 11.4%, EPS grew 35.1% and free cash flow grew 116.3%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for three, operating cash flow growth for three.
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Garmin Ltd. (GRMN) Free cash flow
Garmin Ltd.'s free cash flow for fiscal 2025 was $1.4B, up 10.0% from $1.2B in fiscal 2024. Over the twelve months to 30 June 2026 it was $1.6B. Over the past ten years it has ranged from $203.9M (fiscal 2015) to $1.4B (fiscal 2025) — the current reading is the highest in ten years. Free cash flow has risen for 3 consecutive fiscal years. Garmin Ltd. ranks 1st of 34 Scientific & Technical Instruments companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $1.4B | 10.01% |
| FY2024 | $1.2B | 4.88% |
| FY2023 | $1.2B | 117.91% |
| FY2022 | $542.1M | (22.88%) |
| FY2021 | $702.9M | (26.00%) |
| FY2020 | $949.8M | 64.13% |
| FY2019 | $578.7M | (23.94%) |
| FY2018 | $760.8M | 49.38% |
| FY2017 | $509.3M | (16.47%) |
| FY2016 | $609.7M | 199.00% |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $275.8M | (41.25%) |
| Mar 2026 | $469.4M | 9.25% |
| Dec 2025 | $429.6M | 1.07% |
| Sep 2025 | $425.1M | 233.41% |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| GRMN Garmin Ltd. | $1.6B |
| KEYS Keysight Technologies Inc. compare | $1.5B |
| TDY Teledyne Technologies Incorporated compare | $1.1B |
| FTV Fortive Corporation compare | $937.6M |
| TRMB Trimble Inc. compare | $773.1M |
| MKSI MKS Inc. compare | $458.0M |
| CGNX Cognex Corporation compare | $275.0M |
| ESE ESCO Technologies Inc. compare | $196.6M |
| COHR Coherent Corp. compare | −$1.0B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
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