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Garmin Ltd
NYSE:GRMN

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Garmin Ltd
NYSE:GRMN
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Price: 209.36 USD -0.62% Market Closed
Market Cap: 40.2B USD
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Garmin Ltd
Net Income (Common)

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Garmin Ltd
Net Income (Common) Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Net Income (Common) CAGR 3Y CAGR 5Y CAGR 10Y
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Garmin Ltd
NYSE:GRMN
Net Income (Common)
$1.5B
CAGR 3-Years
10%
CAGR 5-Years
14%
CAGR 10-Years
17%
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Garmin Ltd
Glance View

Market Cap
40.2B USD
Industry
Consumer products
Economic Moat
Narrow

Garmin Ltd., founded in 1989 by Gary Burrell and Min Kao, began its journey as a pivotal player in the navigation sphere. The company emerged in an era where GPS technology was just starting to garner attention. Through relentless innovation, Garmin propelled itself into diverse segments, catering not just to consumers but also professionals and corporations. The company's traditional stronghold was personal navigation devices (PNDs), but over the years, it diversified into segments such as aviation, marine, outdoor, fitness, and automotive. Each of these divisions operates almost like independent businesses, tapping into specific demands of precise navigation and positioning solutions, much valued across various industries. As the world pivoted towards mobile technology, Garmin adeptly navigated these changes, focusing on integrating its technologies into various devices and platforms. The firm generates revenue primarily through the sale of its robust product lines and services that enhance lifestyles and professional pursuits. Beyond traditional GPS devices, Garmin develops satellite communication tools, smartwatches, action cameras, and even sophisticated avionics systems, thus widening its market reach while solidifying its brand as a leader in innovation. Their approach of being both vertically and horizontally integrated has allowed them to penetrate markets deeply, optimizing their supply chain and ensuring tight quality control which ensures that they consistently stay ahead of the competition in delivering value to their customers across the globe.

GRMN Intrinsic Value
128.68 USD
Overvaluation 39%
Intrinsic Value
Price
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See Also

What is Garmin Ltd's Net Income (Common)?
Net Income (Common)
1.5B USD

Based on the financial report for Sep 28, 2024, Garmin Ltd's Net Income (Common) amounts to 1.5B USD.

What is Garmin Ltd's Net Income (Common) growth rate?
Net Income (Common) CAGR 10Y
17%

Over the last year, the Net Income (Common) growth was 46%. The average annual Net Income (Common) growth rates for Garmin Ltd have been 10% over the past three years , 14% over the past five years , and 17% over the past ten years .

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