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%

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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

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Garmin Ltd. (GRMN) Price to free cash flow

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As of 6 November 2026, Garmin Ltd. (GRMN) trades at a price to free cash flow of 37.6×. Over the past ten years it has ranged from 14.7× (January 2017) to 65.8× (December 2022); the current reading is higher than 90% of that period. That is above the Scientific & Technical Instruments industry median of 24.1× and above the Technology sector median of 19.5×.

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<iframe src="https://stockrow.com/embed/GRMN/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Garmin Ltd. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/GRMN/metrics/price-to-free-cash-flow">Garmin Ltd. (GRMN) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	28.7×	(10.44%)
FY2024	32.1×	56.10%
FY2023	20.5×	(38.18%)
FY2022	33.2×	(10.73%)
FY2021	37.2×	54.65%
FY2020	24.1×	(24.82%)
FY2019	32.0×	103.95%
FY2018	15.7×	(28.50%)
FY2017	22.0×	44.15%
FY2016	15.2×	(56.16%)

Period	Price to free cash flow	Change
Sep 2026	37.8×	31.63%
Jun 2026	28.7×	(7.05%)
Mar 2026	30.9×	7.49%
Dec 2025	28.7×	(19.46%)
43 more quarters	Free account

Against its own ten years

Low 14.7× High 65.8×

Ten-year median 26.0×

Current reading's percentile 90

Company	Price to free cash flow
COHR Coherent Corp. compare	n/m
TRMB Trimble Inc. compare	15.9×
FTV Fortive Corporation compare	18.1×
MKSI MKS Inc. compare	23.4×
TDY Teledyne Technologies Incorporated compare	24.9×
CGNX Cognex Corporation compare	28.2×
ESE ESCO Technologies Inc. compare	30.4×
KEYS Keysight Technologies Inc. compare	31.1×
GRMN Garmin Ltd.	37.6×
Scientific & Technical Instruments industry median	24.1×
Technology sector median	19.5×
Market median	14.0×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Garmin Ltd. (GRMN) Price to free cash flow

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Price to free cash flow against peers

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