# GARMIN LTD (GRMN) · Edgar & Edgarette company card

> Garmin (GRMN) grew revenue 15.1% in FY2025 to $7.2 billion, operating margin 25.9% against a 5.9% median for search, detection, navigation, guidance, aeronautical sys, equity 81.6% of assets, and dividend per share up 6 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1121788 · fiscal year ended 2025-12-27 · 5 audited years read · [page](https://www.pops4.com/boards/company/GRMN) · [JSON](https://www.pops4.com/boards/company/GRMN.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $7.2B |
| Revenue growth, 1 year | 15.1% |
| Revenue growth per year | 9.8% |
| Operating margin | 25.9% (prior year 25.3%) |
| Net margin | 23.0% |
| Operating cash flow | $1.6B |
| Capital spending | $270M |
| Free cash flow | $1.4B |
| Cash | $2.3B |
| Long-term debt | — |
| Total assets | $11.0B |
| Total equity | $9.0B |
| Equity ÷ assets | 81.6% |
| Return on equity | 18.5% |
| Dividend per share | $2.68 |
| Dividend years rising | 6 |

## Readings, computed from those figures

- Altman Z: 10.58 (safe zone)
- Piotroski F: 8 of 9 (strong)
- Beneish M: -2.24 (below the −1.78 line)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $7.2B (FY2025). Experience: revenue up 15.1% on the year, up 9.8% a year over 4 years; operating margin 25.9%, up from 25.3%. Soundness: equity 81.6% of assets, return on equity 18.5%, payout 39.9% of profit, dividend per share up 6 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $7.1B and $9.2B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $6.5B to $10.1B. A statistical range, not company guidance. Against peers (147 filers, $50M+ revenue, its industry group): operating margin 25.9% against a 5.9% median; growth 15.1% against 7.9%.

Range logged 2026-09-26, receipt fc7a0dc0f6386895, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 10-Q · filed 2026-10-28 · [filing](https://www.sec.gov/Archives/edgar/data/1121788/000119312526435070/0001193125-26-435070-index.htm)
- 8-K · filed 2026-10-28 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1121788/000119312526435066/0001193125-26-435066-index.htm)
- 10-Q · filed 2026-07-29 · [filing](https://www.sec.gov/Archives/edgar/data/1121788/000119312526322114/0001193125-26-322114-index.htm)
- 8-K · filed 2026-07-29 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1121788/000119312526322113/0001193125-26-322113-index.htm)
- 8-K · filed 2026-06-08 · 5.07 Submission of Matters to a Vote of Security Holders; 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1121788/000119312526261987/0001193125-26-261987-index.htm)
- 10-Q · filed 2026-04-29 · [filing](https://www.sec.gov/Archives/edgar/data/1121788/000119312526188908/0001193125-26-188908-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001121788.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1121788

## Cite

POPS4, Edgar & Edgarette: GARMIN LTD (GRMN) company card, from the company's own SEC filings, accessed 2026-11-10, https://www.pops4.com/boards/company/GRMN. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.