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Garmin (GRMN)
NYSE:GRMN
US Market
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Garmin (GRMN) Ratios

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Garmin Ratios

GRMN's free cash flow for Q3 2025 was $0.59. For the 2025 fiscal year, GRMN's free cash flow was decreased by $ and operating cash flow was $0.29. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 19
Liquidity Ratios
Current Ratio
3.32 3.41 3.26 2.95-
Quick Ratio
2.24 2.38 2.01 2.22-
Cash Ratio
1.18 1.29 1.06 0.99-
Solvency Ratio
0.86 0.92 0.74 0.77-
Operating Cash Flow Ratio
0.62 1.05 0.65 0.67-
Short-Term Operating Cash Flow Coverage
0.00 0.00 0.00 0.00-
Net Current Asset Value
$ 3.77B$ 2.87B$ 2.43B$ 1.68B-
Leverage Ratios
Debt-to-Assets Ratio
0.01 0.01 0.01 <0.01-
Debt-to-Equity Ratio
0.02 0.02 0.02 0.01-
Debt-to-Capital Ratio
0.02 0.02 0.02 0.01-
Long-Term Debt-to-Capital Ratio
0.02 0.00 0.00 0.00-
Financial Leverage Ratio
1.24 1.23 1.25 1.29-
Debt Service Coverage Ratio
0.00 0.00 26.95 0.00-
Interest Coverage Ratio
0.00 0.00 25.18 0.00-
Debt to Market Cap
<0.01 0.00 0.00 0.00-
Interest Debt Per Share
0.81 0.59 0.81 0.26-
Net Debt to EBITDA
-0.95 -1.24 -0.98 -0.93-
Profitability Margins
Gross Profit Margin
58.73%57.48%57.75%59.45%-
EBIT Margin
26.37%20.89%21.15%25.17%-
EBITDA Margin
29.09%24.29%24.52%27.99%-
Operating Profit Margin
25.61%20.89%21.15%25.17%-
Pretax Profit Margin
27.30%22.96%21.91%26.27%-
Net Profit Margin
22.63%24.67%20.03%25.35%-
Continuous Operations Profit Margin
22.63%24.67%20.03%25.35%-
Net Income Per EBT
82.89%107.44%91.42%96.48%-
EBT Per EBIT
106.60%109.91%103.61%104.40%-
Return on Assets (ROA)
14.93%14.99%12.59%15.45%-
Return on Equity (ROE)
19.26%18.39%15.69%19.87%-
Return on Capital Employed (ROCE)
20.27%14.98%15.77%18.43%-
Return on Invested Capital (ROIC)
16.80%16.09%14.41%17.78%-
Return on Tangible Assets
16.43%16.52%13.94%17.30%-
Earnings Yield
3.82%5.24%5.48%5.09%-
Efficiency Ratios
Receivables Turnover
7.27 6.41 7.40 5.32-
Payables Turnover
7.58 8.76 9.67 6.33-
Inventory Turnover
1.52 1.65 1.36 2.02-
Fixed Asset Turnover
4.68 3.82 3.78 4.74-
Asset Turnover
0.66 0.61 0.63 0.61-
Working Capital Turnover Ratio
1.75 1.77 1.75 2.00-
Cash Conversion Cycle
242.59 236.22 280.86 191.34-
Days of Sales Outstanding
50.24 56.91 49.33 68.65-
Days of Inventory Outstanding
240.51 220.97 269.29 180.38-
Days of Payables Outstanding
48.16 41.66 37.76 57.70-
Operating Cycle
290.75 277.88 318.62 249.03-
Cash Flow Ratios
Operating Cash Flow Per Share
5.60 7.19 4.09 3.68-
Free Cash Flow Per Share
4.71 6.17 2.82 3.04-
CapEx Per Share
0.89 1.02 1.28 0.63-
Free Cash Flow to Operating Cash Flow
0.84 0.86 0.69 0.83-
Dividend Paid and CapEx Coverage Ratio
1.70 1.83 0.85 1.30-
Capital Expenditure Coverage Ratio
6.32 7.06 3.20 5.80-
Operating Cash Flow Coverage Ratio
6.92 12.18 6.88 14.19-
Operating Cash Flow to Sales Ratio
0.16 0.26 0.16 0.19-
Free Cash Flow Yield
2.20%4.80%3.05%3.09%-
Valuation Ratios
Price-to-Earnings (P/E) Ratio
26.21 19.08 18.25 19.65-
Price-to-Sales (P/S) Ratio
5.93 4.71 3.66 4.98-
Price-to-Book (P/B) Ratio
4.86 3.51 2.86 3.90-
Price-to-Free Cash Flow (P/FCF) Ratio
45.36 20.83 32.78 32.37-
Price-to-Operating Cash Flow Ratio
38.20 17.88 22.54 26.79-
Price-to-Earnings Growth (PEG) Ratio
213.88 0.57 -1.80 0.54-
Price-to-Fair Value
4.86 3.51 2.86 3.90-
Enterprise Value Multiple
19.43 18.13 13.93 16.86-
Enterprise Value
39.24B 23.02B 16.61B 17.73B-
EV to EBITDA
19.43 18.13 13.93 16.86-
EV to Sales
5.65 4.40 3.42 4.72-
EV to Free Cash Flow
43.25 19.49 30.63 30.67-
EV to Operating Cash Flow
36.41 16.73 21.07 25.39-
Tangible Book Value Per Share
39.05 32.48 28.35 21.77-
Shareholders’ Equity Per Share
44.05 36.64 32.22 25.24-
Tax and Other Ratios
Effective Tax Rate
0.17 -0.07 0.09 0.04-
Revenue Per Share
36.07 27.32 25.24 19.78-
Net Income Per Share
8.16 6.74 5.06 5.01-
Tax Burden
0.83 1.07 0.91 0.96-
Interest Burden
1.04 1.10 1.04 1.04-
Research & Development to Revenue
0.16 0.17 0.17 0.16-
SG&A to Revenue
0.00 0.16 0.16 0.14-
Stock-Based Compensation to Revenue
0.02 0.02 0.02 0.02-
Income Quality
0.69 1.07 0.81 0.73-
Currency in USD
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