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Company Overview For more than 35 years, Garmin Ltd. and its subsidiaries (collectively, we, our, us, the Company or Garmin) have pioneered new products, many of which feature location technology such as Global Positioning System (GPS), services and applications that are designed for people who live an active lifestyle. Garmin serves five primary markets: fitness, outdoor, aviation, marine, and…
Margins and capital returns are both well above average: 25.89% operating margin, ROIC at 17.76%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 15.1%, still solid.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$7.46B
▲ +15.1% YoY
Net Income (TTM)
$1.74B
▲ +17.9% YoY
Op. Margin
26.46%
▲ +0.6pp YoY
ROIC
18.17%
▲ +0.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1.45B
▲ +10.0% YoY
Op. Cash Flow (TTM)
$1.75B
▲ +14.0% YoY
Net Debt
-$2.53B
Net Cash Position
Cash & Equiv.
$2.70B
5Y CAGR: +11.6%
5Y CAGR: +7.5%
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