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Garmin (GRMN) Ratios
Garmin Ratios
GRMN's free cash flow for Q3 2026 was $293.27M. For the 2026 fiscal year, GRMN's free cash flow was decreased by $-100.59M and operating cash flow was $393.86M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 3.63 | 3.54 | 3.41 | 3.26 | 2.94 |
| Quick Ratio | 2.60 | 2.56 | 2.38 | 2.01 | 2.10 |
| Cash Ratio | 1.32 | 1.38 | 1.29 | 1.06 | 1.03 |
| Solvency Ratio | 0.92 | 0.89 | 0.92 | 0.74 | 0.71 |
| Operating Cash Flow Ratio | 0.95 | 0.95 | 1.05 | 0.65 | 0.70 |
| Short-Term Operating Cash Flow Coverage | 52.43 | 51.34 | 0.00 | 0.00 | 0.00 |
| Net Current Asset Value | $ 4.23B | $ 3.55B | $ 2.87B | $ 2.43B | $ 2.52B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Debt-to-Equity Ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| Debt-to-Capital Ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| Long-Term Debt-to-Capital Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial Leverage Ratio | 1.23 | 1.23 | 1.23 | 1.25 | 1.28 |
| Debt Service Coverage Ratio | 59.47 | 57.03 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt to Market Cap | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Debt Per Share | 1.02 | 0.85 | 0.59 | 0.59 | 0.36 |
| Net Debt to EBITDA | -0.95 | -1.02 | -1.24 | -0.98 | -1.04 |
| Profitability Margins | |||||
| Gross Profit Margin | 58.74% | 58.70% | 57.48% | 57.75% | 58.01% |
| EBIT Margin | 27.80% | 26.92% | 20.89% | 21.15% | 24.46% |
| EBITDA Margin | 30.41% | 29.78% | 24.29% | 24.52% | 27.56% |
| Operating Profit Margin | 25.89% | 25.31% | 20.89% | 21.15% | 24.46% |
| Pretax Profit Margin | 27.80% | 26.92% | 22.96% | 21.91% | 24.22% |
| Net Profit Margin | 22.96% | 22.41% | 24.67% | 20.03% | 21.72% |
| Continuous Operations Profit Margin | 22.96% | 22.41% | 24.67% | 20.03% | 21.72% |
| Net Income Per EBT | 82.59% | 83.25% | 107.44% | 91.42% | 89.68% |
| EBT Per EBIT | 107.38% | 106.36% | 109.91% | 103.61% | 99.03% |
| Return on Assets (ROA) | 15.13% | 14.66% | 14.99% | 12.59% | 13.78% |
| Return on Equity (ROE) | 18.54% | 17.98% | 18.39% | 15.69% | 17.70% |
| Return on Capital Employed (ROCE) | 20.23% | 19.62% | 14.98% | 15.77% | 19.02% |
| Return on Invested Capital (ROIC) | 16.65% | 16.28% | 14.98% | 14.41% | 17.06% |
| Return on Tangible Assets | 16.58% | 15.91% | 16.52% | 13.94% | 15.32% |
| Earnings Yield | 4.21% | 3.51% | 5.24% | 5.48% | 4.14% |
| Efficiency Ratios | |||||
| Receivables Turnover | 5.78 | 6.40 | 6.41 | 7.40 | 5.91 |
| Payables Turnover | 8.60 | 7.24 | 8.76 | 9.67 | 5.65 |
| Inventory Turnover | 1.69 | 1.76 | 1.65 | 1.36 | 1.70 |
| Fixed Asset Turnover | 4.61 | 4.49 | 3.82 | 3.78 | 4.31 |
| Asset Turnover | 0.66 | 0.65 | 0.61 | 0.63 | 0.63 |
| Working Capital Turnover Ratio | 1.73 | 1.80 | 1.77 | 1.75 | 1.87 |
| Cash Conversion Cycle | 237.09 | 213.46 | 236.22 | 280.86 | 211.38 |
| Days of Sales Outstanding | 63.12 | 57.00 | 56.91 | 49.33 | 61.78 |
| Days of Inventory Outstanding | 216.40 | 206.90 | 220.97 | 269.29 | 214.15 |
| Days of Payables Outstanding | 42.43 | 50.44 | 41.66 | 37.76 | 64.55 |
| Operating Cycle | 279.52 | 263.90 | 277.88 | 318.62 | 275.94 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 8.49 | 7.46 | 7.19 | 4.09 | 5.27 |
| Free Cash Flow Per Share | 7.08 | 6.45 | 6.17 | 2.82 | 3.66 |
| Dividend Paid and CapEx Coverage Ratio | 1.75 | 1.87 | 1.83 | 0.85 | 1.26 |
| Capital Expenditure Coverage Ratio | 6.04 | 7.40 | 7.06 | 3.20 | 3.27 |
| Operating Cash Flow Coverage Ratio | 8.33 | 8.80 | 12.18 | 6.88 | 14.45 |
| Operating Cash Flow to Sales Ratio | 0.23 | 0.23 | 0.26 | 0.16 | 0.20 |
| Free Cash Flow Yield | 3.45% | 3.08% | 4.80% | 3.05% | 2.69% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 23.76 | 28.48 | 19.08 | 18.25 | 24.18 |
| Price-to-Sales (P/S) Ratio | 5.46 | 6.39 | 4.71 | 3.66 | 5.25 |
| Price-to-Book (P/B) Ratio | 4.41 | 5.13 | 3.51 | 2.86 | 4.28 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 29.02 | 32.47 | 20.83 | 32.78 | 37.23 |
| Price-to-Operating Cash Flow Ratio | 24.22 | 28.08 | 17.88 | 22.54 | 25.85 |
| Price-to-Earnings Growth (PEG) Ratio | 1.34 | 3.15 | 0.57 | -1.80 | 2.85 |
| Enterprise Value Multiple | 17.01 | 20.43 | 18.13 | 13.93 | 18.01 |
| Enterprise Value | 37.47B | 38.31B | 23.02B | 16.61B | 24.74B |
| EV to EBITDA | 17.01 | 20.43 | 18.13 | 13.93 | 18.01 |
| EV to Sales | 5.17 | 6.08 | 4.40 | 3.42 | 4.97 |
| EV to Free Cash Flow | 27.49 | 30.92 | 19.49 | 30.63 | 35.20 |
| EV to Operating Cash Flow | 22.94 | 26.74 | 16.73 | 21.07 | 24.44 |
| Tangible Book Value Per Share | 41.64 | 36.90 | 32.48 | 28.35 | 27.70 |
| Shareholders’ Equity Per Share | 46.62 | 40.85 | 36.64 | 32.22 | 31.81 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.17 | 0.17 | -0.07 | 0.09 | 0.10 |
| Revenue Per Share | 37.65 | 32.77 | 27.32 | 25.24 | 25.93 |
| Net Income Per Share | 8.65 | 7.35 | 6.74 | 5.06 | 5.63 |
| Tax Burden | 0.83 | 0.83 | 1.07 | 0.91 | 0.90 |
| Interest Burden | 1.00 | 1.00 | 1.10 | 1.04 | 0.99 |
| Research & Development to Revenue | 0.16 | 0.16 | 0.17 | 0.17 | 0.17 |
| SG&A to Revenue | 0.17 | 0.18 | 0.16 | 0.16 | 0.13 |
| Stock-Based Compensation to Revenue | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Income Quality | 0.98 | 1.01 | 1.07 | 0.81 | 0.94 |
Currency in USD
