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

Garmin Ltd. (GRMN) Revenue growth

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Garmin Ltd.'s revenue growth over the twelve months to 30 September 2026 was 13.6%, down 1.5 percentage points from fiscal 2025 (15.1%). Over the past ten years it has ranged from −2.46% (fiscal 2022) to 20.4% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Scientific & Technical Instruments industry median of 9.26% and above the Technology sector median of 11.8%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2025 15.1% (5.38)
FY2024 20.4% 12.87
FY2023 7.57% 10.03
FY2022 −2.46% (21.48)
FY2021 19.0% 7.60
FY2020 11.4% (0.83)
FY2019 12.3% 5.01
FY2018 7.24% 4.75
FY2017 2.49% (5.51)
FY2016 8.00% 9.76

Quarterly newest first

Period Revenue growth Change (points)
Sep 2026 12.2% 0.71
Jun 2026 11.4% (2.79)
Mar 2026 14.2% (2.36)
Dec 2025 16.6% 4.93
43 more quarters

Against its own ten years

Low −2.46% High 20.4%
Ten-year median 8.00%
Current reading's percentile 82

Revenue growth against peers

Company Revenue growth
ESE ESCO Technologies Inc. compare 34.3%
COHR Coherent Corp. compare 30.8%
KEYS Keysight Technologies Inc. compare 25.5%
MKSI MKS Inc. compare 24.6%
CGNX Cognex Corporation compare 15.8%
GRMN Garmin Ltd. 13.6%
TDY Teledyne Technologies Incorporated compare 8.57%
FTV Fortive Corporation compare 6.98%
TRMB Trimble Inc. compare 6.88%
Scientific & Technical Instruments industry median 9.26%
Technology sector median 11.8%
Market median 7.71%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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