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Stock research / United States / GRMN · Search, Detection, Navigation, Guidance, Aeronautical Sys · NYSE

Garmin Ltd. (GRMN)

Garmin designs, makes and sells navigation, communication and sensor devices, most of them using GPS, into five markets that are also its five reporting segments: fitness, outdoor, aviation, marine and auto OEM. It has been at this for more than 35 years and has delivered over 300 million products since it started, more than 20 million of them in fiscal 2025. The financial year ends in late December. Devices read positions from GPS and from the GLONASS, Galileo and BeiDou satellite systems, with augmentation systems such as WAAS, MSAS and EGNOS used for aviation safety-of-life services, and some products connect to private satellite networks on a subscription. Garmin Connect and Connect Mobile are the web and phone platforms where users store and analyse their activity and wellness data, with Connect+ as the paid tier, and Connect IQ is the kit that lets outside developers write watch faces and apps for Garmin devices.

Garmin Ltd.

Garmin designs, makes and sells navigation, communication and sensor devices, most of them using GPS, into five markets that are also its five reporting segments: fitness, outdoor, aviation, marine and auto OEM. It has been at this for more than 35 years and has delivered over 300 million products since it started, more than 20 million of them in fiscal 2025. The financial year ends in late December. Devices read positions from GPS and from the GLONASS, Galileo and BeiDou satellite systems, with augmentation systems such as WAAS, MSAS and EGNOS used for aviation safety-of-life services, and some products connect to private satellite networks on a subscription. Garmin Connect and Connect Mobile are the web and phone platforms where users store and analyse their activity and wellness data, with Connect+ as the paid tier, and Connect IQ is the kit that lets outside developers write watch faces and apps for Garmin devices.

Fitness

Running watches are the Forerunner series. Cycling covers bike computers, power meters, radars, cameras, smart lights, speed and cadence sensors, and Tacx indoor trainers and a smart bike. Smartwatches run across the Venu, vívoactive, vívomove, Lily, vívosmart and Bounce series, from GPS watches to hybrid analogue-faced models and activity bands, with wrist heart rate, an ECG app, Garmin Pay and round-the-clock health monitoring depending on the model. Accessories include chest strap heart rate monitors, smart scales, blood pressure monitors and sleep monitors.

Outdoor

Adventure watches are the larger business here: fēnix, Instinct for rugged use, tactix with tactical features such as night vision compatibility and stealth mode, Enduro for battery life, and the MARQ collection in finer materials. Many carry solar charging, preloaded topographic, ski resort and golf course mapping, LED flashlights, speakers and microphones. inReach devices add two-way satellite text and voice messaging, weather and an S.O.S. function that reaches Garmin Response, staffed around the clock by the company's own trained associates, anywhere in the world on an active service plan.

Aviation

Avionics are sold both to aircraft manufacturers and through a worldwide dealer network for retrofitting existing aircraft. The markets are general aviation, business aviation, rotorcraft and experimental and light sport, covering everything from small piston and electric aircraft to large business jets and helicopters on public service and oil and gas missions. The company also sells commercial off-the-shelf and mission-specific equipment to military and defence customers, and into commercial air carriers, electric aircraft and the advanced air mobility and eVTOL market. The integrated flight deck is the anchor product and is now in its third generation.

Marine

Chartplotters and multifunction displays are supported by Garmin's own cartography, sold as Navionics Vision+ and Navionics Platinum+ charts that work on most other makers' plotters too. The filing states that their main features are patented Auto Guidance+ routing, satellite imagery and three-dimensional views. The Striker fishfinders use GPS to draw contour maps, and LiveScope is the live-imaging sonar line.

Auto OEM

Garmin is a tier-one supplier of infotainment to carmakers, selling centralised control and multi-display platforms for audio, multimedia, navigation, cameras, phone links, voice recognition and rear-seat entertainment, plus instrument clusters, software, map databases, cameras and wearables.

Making it and selling it

Manufacturing is vertically integrated in the company's own plants in Taiwan, the United States, the Netherlands, the U.K., Poland and China, which the filing puts forward as its advantage on cost, quality and time to market, since high, mid and low volume products share the same lines. Products go out through independent retailers, dealers, distributors, installation and repair shops and equipment makers, and directly through the Garmin webshop, Garmin retail stores and connected-service subscriptions; direct channels were more than 10 percent of total net sales in 2025. Consumer sales peak in the fourth quarter on holiday buying, marine peaks in the first and second quarters before the boating season, and aviation and auto OEM move instead with aircraft certifications, regulatory mandates and car programme timing. There were approximately 23,000 full and part-time employees at 27 December 2025.

From Garmin's annual report on Form 10-K for the year ended 27 December 2025. The filing

Compare with another name What $10,000 in Garmin became

Latest results

Latest quarterQ3 FY2026ended 26 September 2026 · 10-Q filed 28 October 2026
Revenue
$2.0 billion
+12.2% on the year · -1.8% on the quarter
Q4 FY2024Q3 FY2026
Net income
$542 million
+34.9% on the year · -0.0% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$2.80
+34.6% on the year · 0.0% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Last full yearFY2025ended 27 December 2025 · 10-K filed 18 February 2026
Revenue
$7.2 billion
+15.1% on the year
FY2018FY2025
Net income
$1.7 billion
+17.9% on the year
FY2018FY2025
Diluted EPS
$8.59
+17.7% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsGarmin (GRMN) reported revenue of $7.2 billion for fiscal 2025, the year ended 27 December 2025, up 15.1% on the year before. Net income was $1.7 billion and diluted earnings per share $8.59. Revenue was $6.3 billion in fiscal 2024, $5.2 billion in fiscal 2023, $4.9 billion in fiscal 2022 and $5.0 billion in fiscal 2021. Net income in the same years was $1.4 billion, $1.3 billion, $974 million and $1.1 billion. Over the twelve months to 26 September 2026, Garmin reported revenue of $7.9 billion and net income of $2.0 billion. Revenue grew 11.6% a year, compounded, over the five years to fiscal 2025. Garmin declared $3.90 a share in dividends over the last four quarters and had 193 million shares outstanding at the latest filed count. At 26 September 2026 it carried $0 million of debt and $2.0 billion of cash. At the close of 6 November 2026 the market cap of Garmin was $55.1 billion, 27.4 times its earnings over the last twelve months.

Ratios

From the filings

ROE21.1%
ROCE23.8%
Operating margin28.8%
Net margin25.6%
FCF margin18.6%
Interest covern/a
Debt to equity0.00x
Cash conversion0.94x
Share count, last 12 months0.2%
Sales CAGR, 3 years14.2%
Profit CAGR, 3 years19.6%
EPS, TTM$10.42

At the close of 6 November 2026

Price$285.71
Market cap$55.1 billion
Stock P/E27.4x
Price to book5.8x
EV / EBITDAn/a
Dividend yield1.4%
Market cap / sales7.0x
52-week high$313.16
52-week low$187.10
Price, 1 year40.1%
Price CAGR, 3 years35.6%
Price CAGR, 5 years15.0%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Garmin Ltd.'s balance sheet shows no borrowings, so debt here is nil; lease liabilities are a separate line. Nothing here is a valuation or a view.
GRMNgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023 †Q2 FY2023 †Q3 FY2023 †Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1,3921,1731,2411,1401,3061,1471,3211,2781,4831,3821,5071,5861,8231,5351,8151,7712,1251,7532,0221,986
Cost of revenue619510512470561495561549618580644634743651748724867711760728
Gross profit7726627296707456537597298648028639521,0808851,0671,0461,2581,0421,2621,258
Gross margin55%56%59%59%57%57%57%57%58%58%57%60%59%58%59%59%59%59%62%63%
R&D222209202209216221224222237243243249259268277286295296304313
SG&A174191191190204234251237225261278265305284318303349315343333
Operating income315229293239267197284270340298342437516333472457614432616612
Operating margin23%19%24%21%20%17%22%21%23%22%23%28%28%22%26%26%29%25%30%31%
Pre-tax income309236279220330222316280383327366486516389480510635473651661
Tax rate7%10%8%4%n/a9%9%8%3%16%18%18%16%14%17%21%17%14%17%18%
Net income286212258211293202288257542276301399436333401402529405542542
Net margin21%18%21%18%22%18%22%20%37%20%20%25%24%22%22%23%25%23%27%27%
Diluted EPS$1.49$1.09$1.33$1.09$1.53$1.05$1.50$1.34$2.82$1.43$1.56$2.07$2.25$1.72$2.07$2.08$2.73$2.09$2.80$2.80
Operating cash flow16918679.8154369279274357466435255258484421173486554536404394
Capital expenditure12059.775.150.159.446.852.545.548.633.237.238.584.740.145.760.512466.6128101
Free cash flow49.31264.8104309232221312417402218219399381127425430469276293
Dividends paid129129129141280140140140140140144144144145173173173174202202
Shares outstanding193m193m193m192m192m191m191m191m192m192m192m192m192m193m193m192m193m193m193m193m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008 †FY2009 †FY2010FY2011 †FY2012FY2013FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Revenue3,1803,4942,9462,6902,7592,7162,6322,8712,8203,0463,1223,3473,7584,1874,9834,8605,2286,2977,2467,887
Cost of revenue1,7171,9411,5021,3441,4201,2771,2251,2661,2821,3571,3241,3681,5241,7052,0922,0542,2232,6002,9893,066
Gross profit1,4631,5541,4441,3461,3391,4381,4071,6041,5391,6891,7981,9802,2342,4812,8902,8073,0053,6974,2564,820
Gross margin46.0%44.5%49.0%50.1%48.5%53.0%53.5%55.9%54.6%55.4%57.6%59.1%59.5%59.3%58.0%57.7%57.5%58.7%58.7%61.1%
Research and development1592062382772993263653954274685125686056527798359059941,1261,208
Selling, general and administrative1902772642883413703553723954114384785196247219441,0081,1091,2541,340
Operating income9078627866375546045746915506336847789461,0541,2191,0281,0921,5941,8762,273
Operating margin28.5%24.7%26.7%23.7%20.1%22.2%21.8%24.1%19.5%20.8%21.9%23.3%25.2%25.2%24.5%21.1%20.9%25.3%25.9%28.8%
Interest expense0.20.60.01.2n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Pre-tax income9789148095775846256547245676396978239871,1031,2071,0651,2001,6952,0152,420
Income tax123182105-7.363.382.141.1360111121-11.912934.711112591.4-89.3284351403
Effective tax rate12.6%19.9%12.9%-1.3%10.8%13.1%6.3%49.7%19.6%18.9%-1.7%15.7%3.5%10.1%10.3%8.6%-7.4%16.7%17.4%16.6%
Net income8557337045855215426123644565187096949529921,0829741,2901,4111,6642,017
Net margin26.9%21.0%23.9%21.7%18.9%20.0%23.3%12.7%16.2%17.0%22.7%20.7%25.3%23.7%21.7%20.0%24.7%22.4%23.0%25.6%
Diluted EPS$3.89$3.48$3.50$2.95$2.67$2.76$3.12$1.88$2.39$2.70$3.76$3.66$4.99$5.17$5.61$5.04$6.71$7.30$8.59$10.42
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2009 to FY2025

FY2009FY2010FY2011FY2012FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Fitness Segmentn/an/an/an/a3565686628187628581,0481,3171,5341,1091,3451,7742,35732.5%
Outdoor Segmentn/an/an/an/a4114104115466998109181,1281,6071,7701,6971,9622,05428.3%
Marine Segmentn/an/an/an/a2232482873323744425096588759049171,0731,18316.3%
Aviation Segmentn/an/an/an/a33938639943950160373562371279384687798713.6%
Auto OEM Segmentn/an/an/an/an/an/an/an/an/an/an/an/a2552844236116659.2%
Auto Segmentn/an/an/an/a1,3021,2581,062910785634548460n/an/an/an/an/an/a
Auto/Mobile2,0541,6691,5911,492n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Aviation246263285292n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Fitness170240298322n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Marine178199222208n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Outdoor299319363402n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Fitness Segment FY2013 to FY2025Outdoor Segment FY2013 to FY2025Marine Segment FY2013 to FY2025Aviation Segment FY2013 to FY2025Auto OEM Segment FY2021 to FY2025Auto Segment FY2013 to FY2020Auto/Mobile FY2009 to FY2012Outdoor FY2009 to FY2012Aviation FY2009 to FY2012Fitness FY2009 to FY2012Marine FY2009 to FY2012
2,690FY20102,632FY20133,046FY20163,758FY20194,860FY20227,246FY2025

$ million; hover a block for its figure and share; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2013 to FY2025

The operating profit each segment reports. Costs Garmin does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Margin
FY2025
Fitness Segment12019113516114718219230535910523248372630.8%
Outdoor Segment15915613918425029133443852457351570369033.6%
Marine Segment18.526.228.652.250.363.311017725021517923625121.2%
Aviation Segment87.610711112515420525314719321322621125726.1%
Auto OEM Segmentn/an/an/an/an/an/an/an/a-108-78.7-61.1-38.8-48.6-7.3%
Auto Segment18921113611182.738.056.9-13.0n/an/an/an/an/an/a
Fitness SegmentOutdoor SegmentMarine SegmentAviation SegmentAuto Segment FY2013 to FY2020Auto OEM Segment FY2021 to FY2025
574FY2013550FY2015684FY2017946FY20191,219FY20211,092FY20231,876FY2025

$ million; the figure over a bar is all the segments together; a year a segment lost money, it hangs below the line. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Fitness Segment33%38%
Outdoor Segment28%36%
Marine Segment16%13%
Aviation Segment14%13%
Auto OEM Segment9%a loss

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Cash flow

FY2007FY2008 †FY2009 †FY2010FY2011 †FY2012FY2013FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow6828621,0947718226856305232807066619206991,1351,0127881,3761,4321,6331,887
Capital expenditure15712049.232.238.438.456.173.380.691.0140156118185308244194194270419
Free cash flow5257431,0457387846465744492006155217645819507055441,1831,2391,3631,468
Free cash flow margin16.5%21.3%35.5%27.5%28.4%23.8%21.8%15.7%7.1%20.2%16.7%22.8%15.4%22.7%14.1%11.2%22.6%19.7%18.8%18.6%
Cash from investing-176-56.3-548-72.9-488-496n/an/a-112-122-195-308-451-261-475-145-333-393-645-973
Cash from financing-136-808-161-511-307-250n/an/a-500-562-448-286-416-462-487-841-637-627-844-936
Depreciation and amortisationn/an/an/a82.279.474.166.356.858.470.180.886.698.1113139149163171185n/a
Share-based compensationn/an/a43.640.340.229.322.624.326.341.244.756.463.480.992.576.8101137166175
Buybacks7.867220.322622.318.758.424213193.274.5n/an/an/an/an/an/an/an/an/a
Dividends paid163150150299311253352360378481383296417451491679559572664751
Dividend per sharen/an/an/an/a$1.60$0.90$0.90$0.96n/an/a$1.53$2.12$2.28$2.44$1.34$1.34n/an/an/an/a
Diluted shares, weightedn/an/a201m198m195m196m196mn/an/an/a189mn/a191m192m193m193m192m193m194m194m
Shares outstanding at period endn/a200m200m194m195m196m195m191,815189,722188,565188m189,461191m192m193m192m192m192m193m193m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008 †FY2009 †FY2010FY2011 †FY2012FY2013FY2014FY2015 †FY2016 †FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity2,3512,2262,8363,0503,2573,5323,6603,4033,3743,4533,8524,1634,7935,5166,1146,2047,0127,8488,9739,550
Debtn/an/an/a0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a0.049.276.070.0115113135165173
Other liabilitiesn/a7099899391,2151,2871,2201,2901,1261,0721,0961,2201,3241,4391,6701,4121,4781,6471,8562,271
Total liabilities and equityn/a2,9343,8263,9894,4714,8194,8804,6934,4994,5254,9485,3836,1677,0317,8547,7318,6049,63110,99411,994
Owned
Fixed assetsn/a4454414284174104154314464835966647298561,0671,1471,2241,2371,3751,496
Goodwilln/an/a129137179176179179188225287301467584575568608604760979
Investmentsn/a2757668021,2081,6411,6521,5751,5591,4801,4221,5131,5821,5191,6171,3821,4001,6201,8562,027
Cash and equivalents7086961,0921,2611,2871,2311,1791,1968338478911,2021,0281,4581,4981,2791,6932,0792,2792,040
Receivablesn/a7418747476076045655705315275915707078498436578159831,2531,137
Inventoryn/a4253103883983903824205014855185627537621,2281,5151,3461,4741,7722,252
Other assetsn/a3512142273743675083224424796445729021,0031,0261,1831,5171,6331,6982,064
Total assetsn/a2,9343,8263,9894,4714,8194,8804,6934,4994,5254,9485,3836,1677,0317,8547,7318,6049,63110,99411,994
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded9.9%11.6%14.2%13.6%
Profit growth, compounded13.8%10.9%19.6%28.4%
Return on equity, average17.6%17.7%18.3%18.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Garmin's revenue in fiscal 2025?

Garmin (GRMN) reported revenue of $7.2 billion for fiscal 2025, the year ended 27 December 2025, up 15.1% on the year before.

How much did Garmin earn in fiscal 2025?

Net income was $1.7 billion for fiscal 2025, and diluted earnings per share $8.59.

What is Garmin's P/E ratio?

At the close of 6 November 2026, Garmin traded at 27.4 times its earnings over the twelve months to 26 September 2026.

What is Garmin's market cap?

The market cap of Garmin was $55.1 billion at the close of 6 November 2026.

Does Garmin pay a dividend?

Yes. Garmin declared $3.90 a share in dividends over the four quarters to 26 September 2026.

Peers: Electronic Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Northrop Grumman Corp. NOC$74.6 billion16.5924.2%10.6%6.5%0.811.8%
Vertiv Holdings Co. VRT$70.4 billion34.1738.1%20.1%35.3%0.530.1%
ASE Technology Holding Co., Ltd. ASX *$70.3 billion58.8911.7%8.0%8.4%0.741.1%
NXP Semiconductors N.V. NXPI$62.6 billion19.5126.7%33.0%14.6%0.911.6%
Monolithic Power Systems, Inc. MPWR$58.0 billion65.6023.9%29.5%40.5%0.000.6%
Garmin Ltd. GRMN$55.1 billion27.4221.1%28.8%13.6%0.001.4%
Lumentum Holdings Inc. LITE$48.7 billionn/a-143.9%23.5%103.2%0.31n/a
L3Harris Technologies, Inc. LHX$48.4 billion24.2610.1%10.7%7.3%0.541.9%
Teledyne Technologies Inc. TDY$28.6 billion28.279.2%20.0%8.6%0.18n/a
Leonardo Drs, Inc. DRS$9.1 billion25.0512.6%10.8%8.9%0.061.1%
Intuitive Machines, Inc. LUNR$2.4 billionn/an/a-27.5%116.5%n/an/a
Nextnav Inc. NN$1.4 billionn/a-33.4%-1,900.4%-36.5%0.00n/a
All 130 in Electronic Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NVIDIA Corp. NVDA$4.50 trillion23.6084.2%65.2%83.4%0.150.1%
Taiwan Semiconductor Manufacturing Company Limited TSM *$1.95 trillion37.3631.7%50.8%31.6%0.190.8%
Broadcom Inc. AVGO$1.40 trillion37.4738.4%48.0%48.7%0.610.9%
Micron Technology Inc. MU$780.6 billion9.3061.4%74.6%256.3%0.040.1%
Advanced Micro Devices Inc. AMD$734.2 billion97.3211.1%17.7%41.9%0.10n/a
Intel Corp. INTC$299.0 billionn/a-10.5%2.9%12.1%0.44n/a
Applied Materials Inc. AMAT$264.0 billion28.6836.2%29.6%7.8%0.260.6%
Texas Instruments Inc. TXN$252.9 billion35.9037.1%40.8%20.3%0.712.1%
Arm Holdings plc ARM *$185.7 billion205.3410.9%18.3%22.8%0.00n/a
Amphenol Corp. APH$184.2 billion32.4334.6%27.7%57.6%1.040.7%
Qualcomm Inc. QCOM$177.6 billion13.0544.8%20.1%-2.6%0.502.2%
Analog Devices Inc. ADI$175.9 billion43.0712.3%35.5%33.6%0.271.2%
Marvell Technology, Inc. MRVL$123.7 billion46.5614.2%16.5%30.6%0.270.2%
Motorola Solutions, Inc. MSI$85.2 billion41.4067.9%24.2%11.4%3.290.9%
Northrop Grumman Corp. NOC$74.6 billion16.5924.2%10.6%6.5%0.811.8%
Vertiv Holdings Co. VRT$70.4 billion34.1738.1%20.1%35.3%0.530.1%
ASE Technology Holding Co., Ltd. ASX *$70.3 billion58.8911.7%8.0%8.4%0.741.1%
NXP Semiconductors N.V. NXPI$62.6 billion19.5126.7%33.0%14.6%0.911.6%
Monolithic Power Systems, Inc. MPWR$58.0 billion65.6023.9%29.5%40.5%0.000.6%
Garmin Ltd. GRMN$55.1 billion27.4221.1%28.8%13.6%0.001.4%
Lumentum Holdings Inc. LITE$48.7 billionn/a-143.9%23.5%103.2%0.31n/a
L3Harris Technologies, Inc. LHX$48.4 billion24.2610.1%10.7%7.3%0.541.9%
Nokia Corporation NOK *$42.7 billion57.113.1%4.4%3.5%0.162.0%
STMicroelectronics N.V. STM *$37.1 billion231.690.9%1.5%-11.1%0.120.9%
Ubiquiti Inc. UI$35.9 billion33.4763.7%36.9%29.4%0.000.6%
United Microelectronics Corporation UMC *$34.9 billion27.6111.0%18.5%2.3%0.17n/a
Telefonaktiebolaget LM Ericsson ERIC *$34.6 billion11.8526.0%16.3%-4.5%0.302.8%
Ciena Corp. CIEN$34.5 billion54.2521.4%12.3%32.6%1.06n/a
Astera Labs, Inc. ALAB$33.3 billion75.8523.1%25.5%115.2%0.00n/a
Microchip Technology Inc. MCHP$31.8 billion44.2012.6%20.9%33.0%0.833.1%
Teledyne Technologies Inc. TDY$28.6 billion28.279.2%20.0%8.6%0.18n/a
Celestica Inc. CLS$26.1 billion19.5520.0%8.3%61.6%0.13n/a
Flex Ltd. FLEX$25.8 billion25.1817.9%5.1%17.5%0.90n/a
Jabil Inc. JBL$25.0 billion24.4364.6%4.7%20.6%2.090.1%
ON Semiconductor Corp. ON$24.7 billion36.879.1%12.3%2.9%0.60n/a
Qnity Electronics, Inc. Q$24.4 billion43.967.4%n/an/a0.530.1%
Hubbell Inc. HUBB$22.7 billion25.1822.1%20.1%16.0%1.251.3%
Credo Technology Group Holding Ltd. CRDO$22.6 billion42.7719.7%31.7%165.1%0.00n/a
First Solar, Inc. FSLR$21.6 billion11.6417.1%37.7%-0.7%0.01n/a
Cerebras Systems Inc. CBRS$21.3 billionn/an/an/an/a0.10n/a
Macom Technology Solutions Holdings, Inc. MTSI$16.1 billion67.7915.6%18.1%28.4%0.22n/a
Nextpower Inc. NXT$15.8 billion26.4323.2%19.0%13.7%0.00n/a
Lattice Semiconductor Corp. LSCC$14.9 billion328.113.2%9.1%63.4%0.61n/a
Sitime Corp. SITM$12.6 billion443.470.8%0.9%142.6%0.38n/a
Skyworks Solutions, Inc. SWKS$12.4 billion42.585.1%7.6%0.1%0.093.5%
Fabrinet FN$11.7 billion24.6719.1%10.0%43.0%0.03n/a
Semtech Corp. SMTC$9.6 billion68.4420.6%8.0%17.8%0.66n/a
Leonardo Drs, Inc. DRS$9.1 billion25.0512.6%10.8%8.9%0.061.1%
Amkor Technology, Inc. AMKR$8.1 billion13.2312.9%9.5%15.7%0.521.0%
Rambus Inc. RMBS$8.0 billion30.6718.8%36.3%17.3%0.00n/a
Advanced Energy Industries Inc. AEIS$7.9 billion28.3118.2%16.0%31.7%0.800.2%
Silicon Laboratories Inc. SLAB$7.4 billionn/a-3.6%-5.1%21.7%0.00n/a
Sanmina Corp. SANM$7.2 billion24.0911.2%4.2%58.6%0.79n/a
TTM Technologies Inc. TTMI$7.0 billion26.5013.1%11.1%37.6%0.80n/a
Viavi Solutions Inc. VIAV$7.0 billion118.625.1%10.6%47.4%0.49n/a
Formfactor Inc. FORM$6.4 billion37.0414.7%18.3%29.1%0.01n/a
Esco Technologies Inc. ESE$6.0 billion18.9819.5%14.2%24.0%0.050.1%
Cirrus Logic, Inc. CRUS$5.7 billion14.3518.9%22.5%5.1%0.00n/a
Impinj Inc. PI$5.3 billionn/a-3.1%-0.7%7.7%0.62n/a
Allegro Microsystems, Inc. ALGM$5.2 billion187.673.1%7.5%27.9%0.28n/a
Plexus Corp. PLXS$5.1 billionn/an/an/an/a0.18n/a
Synaptics Inc. SYNA$4.6 billionn/a-53.2%-4.7%8.1%0.91n/a
Planet Labs PBC PL$4.6 billionn/a-63.8%-27.2%44.1%0.79n/a
Applied Optoelectronics, Inc. AAOI$4.5 billionn/a-1.5%-6.8%77.2%0.10n/a
Maxlinear, Inc. MXL$4.5 billionn/a-5.5%-0.9%56.0%0.31n/a
Mercury Systems Inc. MRCY$4.4 billionn/a-2.0%0.0%7.9%0.29n/a
Universal Display Corp. OLED$4.0 billion17.9013.8%34.6%-1.9%n/a2.2%
Enphase Energy, Inc. ENPH$3.8 billion42.497.3%4.2%-19.9%0.46n/a
Vishay Intertechnology Inc. VSH$3.7 billion37.563.2%5.2%17.6%0.251.7%
Diodes Inc. DIOD$3.5 billion31.145.9%7.3%24.2%0.21n/a
Kulicke & Soffa Industries Inc. KLIC$3.3 billion29.4912.7%13.2%44.4%0.001.3%
OSI Systems Inc. OSIS$3.1 billion21.0620.3%12.2%2.9%1.28n/a
Ondas Inc. ONDS$2.8 billionn/a10.6%-140.4%979.3%0.00n/a
IPG Photonics Corp. IPGP$2.8 billion69.601.9%1.9%14.8%0.00n/a
Ambarella Inc. AMBA$2.6 billionn/a-9.1%-14.9%20.0%0.00n/a
AXT Inc. AXTI$2.6 billion1,944.500.5%3.1%45.8%0.09n/a
Penguin Solutions, Inc. PENG$2.5 billion16.0734.7%9.6%26.5%1.51n/a
Intuitive Machines, Inc. LUNR$2.4 billionn/an/a-27.5%116.5%n/an/a
Power Integrations Inc. POWI$2.3 billion51.016.4%8.4%2.3%0.002.1%
Nlight, Inc. LASR$2.2 billionn/a-2.9%-6.0%39.6%0.00n/a
Benchmark Electronics Inc. BHE$2.2 billion38.945.0%3.5%12.9%0.141.1%
Ultra Clean Holdings, Inc. UCTT$1.9 billion72.113.7%4.3%15.8%0.87n/a
Vicor Corp. VICR$1.7 billion38.5519.9%24.9%27.0%0.00n/a
Solaredge Technologies, Inc. SEDG$1.7 billionn/a-54.0%-9.2%29.3%0.79n/a
Shoals Technologies Group, Inc. SHLS$1.7 billion43.835.9%11.2%49.2%0.26n/a
CTS Corp. CTS$1.7 billion22.8912.6%17.0%7.4%0.090.3%
Photronics Inc. PLAB$1.6 billion9.6412.9%22.5%1.2%0.00n/a
Navitas Semiconductor Corp. NVTS$1.6 billionn/a-42.9%-323.5%-28.6%0.00n/a
Nextnav Inc. NN$1.4 billionn/a-33.4%-1,900.4%-36.5%0.00n/a
Wolfspeed, Inc. WOLF$1.3 billionn/a-69.6%-80.3%-18.0%2.09n/a
Ichor Holdings, Ltd. ICHR$1.2 billion620.000.4%1.7%15.2%0.13n/a
Napco Security Technologies, Inc. NSSC$1.1 billion24.6022.1%22.7%8.7%0.002.0%
Harmonic Inc. HLIT$1.0 billionn/an/an/an/a0.09n/a
Ambiq Micro, Inc. AMBQ$930 millionn/a-9.1%-43.3%n/a0.00n/a
Array Technologies, Inc. ARRY$901 millionn/an/a-5.1%1.2%n/an/a
Arteris, Inc. AIP$884 millionn/a-63.3%-46.2%41.0%n/an/a
BlackSky Technology Inc. BKSY$876 millionn/a-14.0%-22.8%29.9%0.96n/a
Varex Imaging Corp. VREX$778 million35.484.5%8.3%5.3%0.70n/a
Alpha & Omega Semiconductor Ltd. AOSL$712 millionn/a-5.8%-7.1%-3.2%0.000.0%
T1 Energy Inc. TE$662 millionn/a-190.1%-22.4%427.0%2.730.0%
Unusual Machines, Inc. UMAC$594 millionn/a-9.0%-76.1%425.2%0.00n/a
Kopin Corp. KOPN$547 million75.7511.5%-22.9%-7.1%0.00n/a
Vishay Precision Group, Inc. VPG$541 millionn/a-1.0%1.1%11.6%0.05n/a
Lightpath Technologies Inc. LPTH$494 millionn/a-13.7%-27.4%92.8%0.00n/a
Kimball Electronics, Inc. KE$462 million22.933.5%4.4%-1.5%0.40n/a
indie Semiconductor, Inc. INDI$436 millionn/a-52.5%-59.3%13.9%1.50n/a
Clearfield, Inc. CLFD$389 millionn/a-2.9%-0.2%-1.4%0.00n/a
Methode Electronics Inc. MEI$384 millionn/a-5.5%0.4%1.4%0.471.9%
NVE Corp. NVEC$368 million20.5730.8%61.6%24.1%0.005.3%
Adtran Holdings, Inc. ADTN$329 millionn/a-20.9%0.0%10.1%2.32n/a
Everspin Technologies Inc. MRAM$284 millionn/a-3.6%-15.5%20.9%0.010.0%
Turtle Beach Corp. TBCH$273 millionn/a-0.6%3.2%-13.0%0.93n/a
Nano Dimension Ltd. NNDM$262 millionn/a-34.4%-117.3%n/a0.04n/a
M-tron Industries, Inc. MPTI$261 million22.078.0%18.5%11.8%0.00n/a
BK Technologies Corp. BKTI$251 million19.5726.2%17.9%15.7%0.00n/a
Aviat Networks, Inc. AVNW$226 million93.110.9%4.4%1.2%0.36n/a
Vuzix Corp. VUZI$160 millionn/a-145.3%-521.9%6.8%0.00n/a
Quicklogic Corp. QUIK$147 millionn/an/an/an/a0.24n/a
Espey MFG & Electronics Corp. ESP$141 million12.0218.5%25.1%4.9%0.002.1%
Aeluma, Inc. ALMU$135 millionn/a-16.1%-228.3%-4.4%0.00n/a
Atomera Inc. ATOM$117 millionn/a-69.6%-10,969.4%476.3%0.00n/a
GSI Technology Inc. GSIT$116 millionn/a-22.8%-100.8%2.9%0.00n/a
GCT Semiconductor Holding, Inc. GCTS$106 millionn/an/a-852.0%-32.8%n/an/a
Magnachip Semiconductor Corp. MX$91 millionn/a-12.3%-24.2%-12.8%0.19n/a
R F Industries Ltd. RFIL$72 million30.146.3%4.6%13.0%0.15n/a
Kulr Technology Group, Inc. KULR$68 millionn/a-140.9%-270.6%24.6%0.28n/a
Inseego Corp. INSG$64 millionn/an/a-10.4%-3.6%n/an/a
AmpliTech Group, Inc. AMPG$59 millionn/a-17.1%-34.7%24.2%0.00n/a
Tigo Energy, Inc. TYGO$57 million4.3527.3%-3.7%15.3%0.05n/a
LGL Group Inc. LGL$43 millionn/a-0.5%-21.8%9.3%0.00n/a
6 companies share its SEC industry code (Search, Detection, Navigation, Guidance, Aeronautical Sys); the rest are the names nearest in size in its wider industry, Electronic Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on GRMN

Dividends$3.90 a share over the four quarters to 26 September 2026, a 1.37% yield
Filings15 in twelve months: 5 current reports (8-K), about 4 results of operations; 1 shareholder vote; 1 other events
Planned insider sales19 Form 144 notices in twelve months, $19.8 million; latest 18 August 2026
Options tapeput/call 1.41 by open interest at the 6 November 2026 close; the straddle prices a 5.1% move to 20 November 2026
13F holders1,014 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading43 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest3.3 million shares short, 4.30 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q26 September 202628 October 2026EDGAR
10-Q27 June 202629 July 2026EDGAR
10-Q28 March 202629 April 2026EDGAR
10-K27 December 202518 February 2026EDGAR
10-Q27 September 202529 October 2025EDGAR
10-Q28 June 202530 July 2025EDGAR
10-Q29 March 202530 April 2025EDGAR
10-K28 December 202419 February 2025EDGAR
10-K/A30 December 202329 November 2024EDGAR
10-Q28 September 202430 October 2024EDGAR

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