Garmin Ltd.
GRMNTechnologyNASDAQScientific & Technical Instruments · Last scanned Jul 18, 2026
Scan Results
Daily timeframeGarmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. The company carries a $48.13B market cap, placing it firmly in the large-cap category. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, which enables third parties to create applications that run on Garmin devices.
Market Cap
$48.13B
Beta
0.91
P/E (TTM)
28.01
P/E (Fwd)
24.17
EPS (TTM)
$8.91
EPS (Fwd)
$10.32
ROE
19.9%
ROA
11.9%
Cash
$2.70B
Total Debt
$216.1M
Free CF
$810.2M
52W Change
9.5%
Annual Financials
Cash vs Debt
With $2.70B in cash and $216.1M in debt, GRMN maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. The company generates $810.2M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 19.9% points to strong capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Return on assets of 11.9% further supports the picture of efficient asset utilization. Revenue has grown from $4.86B (2022) to $7.25B (2025), reflecting a 49% increase over the period.
The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. No single metric tells the full story. Reviewing GRMN's risk profile alongside its fundamentals and technical indicators provides a more complete picture.