Garmin (GRMN)
Consumer Discretionary · GPS-enabled wearables and location technology products
Garmin designs and manufactures GPS-enabled wearables, navigation systems, and location-based products for fitness, outdoor, aviation, marine, and automotive markets.
What Garmin does
Garmin has pioneered GPS and location-technology products for over 35 years, serving five primary markets: fitness, outdoor, aviation, marine, and auto OEM. The company designs, develops, manufactures, markets, and distributes GPS-enabled wearables, navigation systems, communications devices, and sensor-based products, along with complementary software platforms like Garmin Connect for activity tracking and analytics. Garmin also supplies OEM components and aftermarket products, having delivered over 300 million units to date, including more than 20 million in fiscal 2025.
Themes: ["GPS navigation","Wearables and fitness tracking","Location-based services","Outdoor recreation","Aviation technology","Marine navigation","Automotive OEM supply","Activity tracking and wellness"]
Fundamentals
- Price$244.51 as of 2026-07-09 close
- Market cap$47.3B as of 2026-07-10
- 1-year return+12.6% as of 2026-07-09 close
- P/E27.22 as of 2026-07-10
- Net margin+23.3% as of 2026-07-10
- Gross margin+59.1% as of 2026-07-10
- ROE+19.9% as of 2026-07-10
- Debt / equity0.00 as of 2026-07-10
- Revenue growth (YoY)+15.7% as of 2026-07-10
- Revenue CAGR (3y)+14.2% SEC XBRL
- Beta0.90 as of 2026-07-10
Dividend: yield +1.7%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Dependence on GPS access: reliance on free U.S. government-provided GPS signals and GNSS systems; loss of access or degradation could impair product functionality","Competitive pressure and product cycles: intense competition in wearables and navigation markets requires continuous innovation and new product development","Geographic concentration and supply chain risk: manufacturing and supply chain exposure to geopolitical factors, tariffs, and foreign currency fluctuations across multiple regions"]
Competitors & peers
- Apple (AAPL)
- Garmin
- Suunto
- Polar
- Tomtom
- Teledyne Technologies
- L3Harris Technologies
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.