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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 $6.5B
LTM EBITDA $1.8B
$36.5B
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 (LTM) of $6.5B 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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $6.5B | XXX | $6.3B | XXX | XXX | XXX |
| Gross Profit | $3.8B | XXX | $3.7B | XXX | XXX | XXX |
| Gross Margin | 59% | XXX | 59% | XXX | XXX | XXX |
| EBITDA | $1.8B | XXX | $1.8B | XXX | XXX | XXX |
| EBITDA Margin | 28% | XXX | 28% | XXX | XXX | XXX |
| EBIT | $1.7B | XXX | $1.6B | XXX | XXX | XXX |
| EBIT Margin | 25% | XXX | 25% | XXX | XXX | XXX |
| Net Profit | $1.5B | XXX | $1.4B | XXX | XXX | XXX |
| Net Margin | 23% | XXX | 22% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Garmin's stock price is $203.
Garmin has current market cap of $39.1B, and EV of $36.5B.
See Garmin trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $36.5B | $39.1B | XXX | XXX | XXX | XXX | $7.59 |
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Start Free TrialAs of May 30, 2025, Garmin has market cap of $39.1B and EV of $36.5B.
Garmin's trades at 5.8x EV/Revenue multiple, and 20.6x EV/EBITDA.
Equity research analysts estimate Garmin's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Garmin has a P/E ratio of 26.6x.
See valuation multiples for Garmin and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $39.1B | XXX | $39.1B | XXX | XXX | XXX |
| EV (current) | $36.5B | XXX | $36.5B | XXX | XXX | XXX |
| EV/Revenue | 5.6x | XXX | 5.8x | XXX | XXX | XXX |
| EV/EBITDA | 19.8x | XXX | 20.6x | XXX | XXX | XXX |
| EV/EBIT | 22.1x | XXX | 22.9x | XXX | XXX | XXX |
| EV/Gross Profit | 9.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | 26.6x | XXX | 27.7x | XXX | XXX | XXX |
| EV/FCF | 30.4x | XXX | 29.5x | 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.
Start Free TrialGarmin's last 12 month revenue growth is 8%
Garmin's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Garmin's rule of 40 is 32% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Garmin's rule of X is 48% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Garmin and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Margin | 28% | XXX | 28% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | 24% | XXX | XXX | XXX |
| Rule of 40 | 32% | XXX | 36% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 48% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 16% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 33% | 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 |
Valuation data powered by FactSet, Inc.
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 |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| 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 $39.1B |
| What is the current revenue of Garmin? | Garmin's last 12 months revenue is $6.5B. |
| What is the current revenue growth of Garmin? | Garmin revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Garmin? | Current revenue multiple of Garmin is 5.6x. |
| Is Garmin profitable? | Yes, Garmin is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Garmin? | Garmin's last 12 months EBITDA is $1.8B. |
| What is Garmin's EBITDA margin? | Garmin's last 12 months EBITDA margin is 28%. |
| What is the current EV/EBITDA multiple of Garmin? | Current EBITDA multiple of Garmin is 19.8x. |
| What is the current FCF of Garmin? | Garmin's last 12 months FCF is $1.2B. |
| What is Garmin's FCF margin? | Garmin's last 12 months FCF margin is 18%. |
| What is the current EV/FCF multiple of Garmin? | Current FCF multiple of Garmin is 30.4x. |
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