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Saturday 17 October 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. 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.

285.30 0.08 +0.03%
Market cap
$55.0B
P/E
29.3×
Fwd P/E
25.0×
Dividend yield
2.10%
F-score
7/9
Altman Z
14.19
Beneish M
−2.24
Dividend safety
96/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Garmin Ltd. (GRMN) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Garmin Ltd. (GRMN) trades at a price to free cash flow of 34.5×. Over the past ten years it has ranged from 14.7× (January 2017) to 65.8× (December 2022); the current reading is higher than 82% of that period. That is above the Scientific & Technical Instruments industry median of 24.8× and above the Technology sector median of 20.0×.

Price to free cash flow, daily

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Annual newest first

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%)

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 28.7× (7.05%)
Mar 2026 30.9× 7.49%
Dec 2025 28.7× (19.46%)
Sep 2025 35.7× (0.32%)
42 more quarters

Against its own ten years

Low 14.7× High 65.8×
Ten-year median 25.8×
Current reading's percentile 82

Price to free cash flow against peers

Company Price to free cash flow
COHR Coherent Corp. compare n/m
TRMB Trimble Inc. compare 18.1×
FTV Fortive Corporation compare 18.7×
TDY Teledyne Technologies Incorporated compare 25.1×
MKSI MKS Inc. compare 31.7×
ESE ESCO Technologies Inc. compare 32.8×
CGNX Cognex Corporation compare 34.2×
GRMN Garmin Ltd. 34.5×
KEYS Keysight Technologies Inc. compare 38.0×
Scientific & Technical Instruments industry median 24.8×
Technology sector median 20.0×
Market median 14.2×

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 →

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