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Garmin produces GPS-enabled hardware and software for five sectors: fitness, outdoors, automotive, aviation, and marine. Garmin has built a strong reputation for durable, high-precision devices through a vertically integrated design and manufacturing approach. The company’s product lines include smartwatches, fitness trackers, communication equipment, and a comprehensive suite of systems for marine and aviation navigation. Garmin operates globally, with its business focused primarily on North America and Europe.
2010
21.8K+
LTM Revenue $6.8B
LTM EBITDA $1.9B
$44.1B
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 $6.8B and a last 12-month EBITDA of $1.9B.
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 | $6.8B | XXX | $6.3B | XXX | XXX | XXX |
| Gross Profit | $4.0B | XXX | $3.7B | XXX | XXX | XXX |
| Gross Margin | 59% | XXX | 59% | XXX | XXX | XXX |
| EBITDA | $1.9B | 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 | 22% | XXX | 22% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of August 29, 2025, Garmin's stock price is $242.
Garmin has current market cap of $46.5B, and EV of $44.1B.
See Garmin trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $44.1B | $46.5B | XXX | XXX | XXX | XXX | $7.87 |
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Start Free TrialAs of August 29, 2025, Garmin has market cap of $46.5B and EV of $44.1B.
Garmin's trades at 7.0x EV/Revenue multiple, and 24.9x 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 30.7x.
See valuation multiples for Garmin and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $46.5B | XXX | $46.5B | XXX | XXX | XXX |
| EV (current) | $44.1B | XXX | $44.1B | XXX | XXX | XXX |
| EV/Revenue | 6.4x | XXX | 7.0x | XXX | XXX | XXX |
| EV/EBITDA | 22.9x | XXX | 24.9x | XXX | XXX | XXX |
| EV/EBIT | 25.5x | XXX | 27.7x | XXX | XXX | XXX |
| EV/Gross Profit | 11.0x | XXX | n/a | XXX | XXX | XXX |
| P/E | 30.7x | XXX | 33.0x | XXX | XXX | XXX |
| EV/FCF | 41.5x | XXX | 35.6x | 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 9%
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 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Garmin's rule of X is 49% (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 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 28% | XXX | 28% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | 26% | XXX | XXX | XXX |
| Rule of 40 | 33% | XXX | 37% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 49% | 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 |
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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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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 $46.5B |
| What is the current revenue of Garmin? | Garmin's last 12 months revenue is $6.8B. |
| What is the current revenue growth of Garmin? | Garmin revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Garmin? | Current revenue multiple of Garmin is 6.4x. |
| 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 $1.9B. |
| 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 22.9x. |
| What is the current FCF of Garmin? | Garmin's last 12 months FCF is $1.1B. |
| What is Garmin's FCF margin? | Garmin's last 12 months FCF margin is 16%. |
| What is the current EV/FCF multiple of Garmin? | Current FCF multiple of Garmin is 41.5x. |
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