Garmin Ltd
NYSE:GRMN
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Garmin Ltd
Gross Profit
Garmin Ltd
Gross Profit Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
Company | Gross Profit | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
---|---|---|---|---|---|---|
G
|
Garmin Ltd
NYSE:GRMN
|
Gross Profit
$3.5B
|
CAGR 3-Years
6%
|
CAGR 5-Years
10%
|
CAGR 10-Years
8%
|
Garmin Ltd
Glance View
Garmin Ltd. is a leading global provider of navigation, communication, and wearable technology solutions, with a rich history dating back to its founding in 1989. The company began its journey by focusing on GPS technology for aviation, and over the years, it has successfully diversified its product offerings. Today, Garmin operates in several key markets, including automotive, aviation, marine, outdoor, and fitness. This strategic diversification has not only solidified Garmin’s position as a household name in GPS technology but has also allowed it to thrive in the booming wearables market, appealing to health-conscious consumers with its innovative smartwatches and fitness trackers. As the world increasingly leans towards technology-driven solutions for safety, recreation, and health management, Garmin finds itself well-positioned to retain and expand its market share. Investors will appreciate Garmin's robust financial health and consistent revenue streams stemming from its diversified product lines. With a strong emphasis on research and development, Garmin continually innovates, ensuring its offerings remain competitive and relevant in the fast-paced tech landscape. The company's commitment to quality and customer satisfaction fosters brand loyalty, while its impressive track record of cash flow generation supports sustainable dividends—a significant draw for income-focused investors. By focusing on long-term value creation rather than short-term gains, Garmin aligns itself with investment philosophies akin to those of Warren Buffett and Charlie Munger, which favor companies with durable competitive advantages and clear pathways to growth. With global expansion and the rising demand for IoT and smart devices, Garmin's future remains bright, making it an intriguing consideration for potential investors seeking a blend of stability and growth.
See Also
What is Garmin Ltd's Gross Profit?
Gross Profit
3.5B
USD
Based on the financial report for Sep 28, 2024, Garmin Ltd's Gross Profit amounts to 3.5B USD.
What is Garmin Ltd's Gross Profit growth rate?
Gross Profit CAGR 10Y
8%
Over the last year, the Gross Profit growth was 21%. The average annual Gross Profit growth rates for Garmin Ltd have been 6% over the past three years , 10% over the past five years , and 8% over the past ten years .