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Garmin produces GPS-enabled hardware and software for five verticals: fitness, outdoors, auto, aviation, and marine. The company relies on licensing mapping data to enable its hardware specialized for often niche activities like scuba diving or sailing, among many others. Garmin operates in 100 countries and sells its products via distributors as well as relationships with original equipment manufacturers.
2010
21.8K+
LTM Revenue $6.4B
LTM EBITDA $1.8B
$34.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Garmin has a last 12-month revenue of $6.4B and a last 12-month EBITDA of $1.8B.
In the most recent fiscal year, Garmin achieved revenue of $6.3B and an EBITDA of $1.8B.
Garmin expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Garmin valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $5.2B | $6.3B | XXX | XXX | XXX |
| Gross Profit | $2.8B | $3.0B | XXX | XXX | XXX |
| Gross Margin | 54% | 48% | XXX | XXX | XXX |
| EBITDA | $1.3B | $1.8B | XXX | XXX | XXX |
| EBITDA Margin | 24% | 28% | XXX | XXX | XXX |
| Net Profit | $974M | $1.3B | XXX | XXX | XXX |
| Net Margin | 19% | 20% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Garmin's stock price is $192.
Garmin has current market cap of $37.0B, and EV of $34.6B.
See Garmin trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $34.6B | $37.0B | XXX | XXX | XXX | XXX | $7.54 |
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Sign UpAs of April 15, 2025, Garmin has market cap of $37.0B and EV of $34.6B.
Garmin's trades at 5.4x LTM EV/Revenue multiple, and 19.0x LTM EBITDA.
Analysts estimate Garmin's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Garmin and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $34.6B | XXX | XXX | XXX |
| EV/Revenue | 5.5x | XXX | XXX | XXX |
| EV/EBITDA | 19.5x | XXX | XXX | XXX |
| P/E | 26.2x | XXX | XXX | XXX |
| P/E/Growth | 3.0x | XXX | XXX | XXX |
| EV/FCF | 27.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpGarmin's NTM/LTM revenue growth is 8%
Garmin's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Garmin's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Garmin's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Garmin and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 20% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 28% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 40% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 36% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 16% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 33% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| TomTom | XXX | XXX | XXX | XXX | XXX | XXX |
| Aerometrex | XXX | XXX | XXX | XXX | XXX | XXX |
| WiseTech Global | XXX | XXX | XXX | XXX | XXX | XXX |
| MapmyIndia | XXX | XXX | XXX | XXX | XXX | XXX |
| MapsPeople | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Garmin acquired XXX companies to date.
Last acquisition by Garmin was XXXXXXXX, XXXXX XXXXX XXXXXX . Garmin acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Garmin founded? | Garmin was founded in 2010. |
| Where is Garmin headquartered? | Garmin is headquartered in United States of America. |
| How many employees does Garmin have? | As of today, Garmin has 21.8K+ employees. |
| Who is the CEO of Garmin? | Garmin's CEO is Mr. Clifton A. Pemble. |
| Is Garmin publicy listed? | Yes, Garmin is a public company listed on NYS. |
| What is the stock symbol of Garmin? | Garmin trades under GRMN ticker. |
| When did Garmin go public? | Garmin went public in 2000. |
| Who are competitors of Garmin? | Similar companies to Garmin include e.g. TomTom, Aerometrex, WiseTech Global, MapmyIndia. |
| What is the current market cap of Garmin? | Garmin's current market cap is $37.0B |
| What is the current revenue of Garmin? | Garmin's last 12-month revenue is $6.4B. |
| What is the current EBITDA of Garmin? | Garmin's last 12-month EBITDA is $1.8B. |
| What is the current EV/Revenue multiple of Garmin? | Current revenue multiple of Garmin is 5.4x. |
| What is the current EV/EBITDA multiple of Garmin? | Current EBITDA multiple of Garmin is 19.0x. |
| What is the current revenue growth of Garmin? | Garmin revenue growth between 2023 and 2024 was 20%. |
| Is Garmin profitable? | Yes, Garmin is EBITDA-positive (as of the last 12 months). |
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