Business description: Garmin Ltd.

Garmin Ltd. is one of the world's leaders in designing, producing, and marketing satellite geopositioning systems (GPS). The activity is organized around two families of products:

- marine and land geopositioning systems: tracers and sensors, pocket assistants, automobile guidance systems, sporting equipment (equipped with detectors for speed, distance traveled, heart rate, etc.);

- aerial geopositioning equipment: high-frequency communication transmitters, aerial display products, digital transponders (for transmitting altitude and flight number, broadcast by towers and control radar systems), beacon receivers, audio panels, etc.

Net sales break down by area of activity between outdoor activities (31.2%), sports and fitness (28.2%), marine (17%), aviation (13.9%), and automotive (9.7%).

At the end of 2024, the group had 9 production sites located in the United States (3), Taiwan (3), China, the Netherlands, and Poland.

Net sales are distributed geographically as follows: Americas (48.2%), Europe/Middle East/Africa (36.8%) and Asia/Pacific (15%).

Number of employees: 21,800

Sales by Activity: Garmin Ltd.

Fiscal Period: December20202021202220232024

Outdoor

1.13B 1.28B 1.5B 1.7B 1.96B

Fitness

1.32B 1.53B 1.11B 1.34B 1.77B

Marine

658M 875M 904M 917M 1.07B

Aviation

623M 712M 793M 846M 877M

Auto OEM

185M 255M 284M 423M 611M

Auto Consumer

275M 325M 275M - -
See all business segments

Geographical breakdown of sales: Garmin Ltd.

Fiscal Period: December20202021202220232024

Americas

1.97B 2.35B 2.43B 2.61B 3.04B

Europe, The Middle East and Africa (EMEA)

1.58B 1.86B 1.63B 1.78B 2.32B

Asia Pacific and Australian Continent (APAC)

639M 774M 798M 838M 942M
See all geographic segments

Executive Committee: Garmin Ltd.

Manager TitleAgeSince
Chief Executive Officer 59 2012-12-31
Director of Finance/CFO 62 2014-06-30
Chief Tech/Sci/R&D Officer 62 2007-06-30
Chief Operating Officer 45 2024-06-30
Chief Operating Officer 57 2010-12-31
See GARMIN LTD. governance

Composition of the Board of Directors: Garmin Ltd.

Director TitleAgeSince
Director/Board Member 59 2004-07-31
Chairman 76 2004-07-31
Director/Board Member 69 2013-06-06
Director/Board Member 61 2018-05-31
Director/Board Member 72 2019-06-06
Director/Board Member 61 2024-06-06
Composition of the Board of Directors

Shareholders: Garmin Ltd.

NameEquities%Valuation
The Vanguard Group, Inc.
10.24 %
19,698,329 10.24 % 4 111 M $
9.695 %
18,653,680 9.695 % 3 893 M $
Vanguard Fiduciary Trust Co.
9.576 %
18,425,166 9.576 % 3 846 M $
BlackRock Advisors LLC
6.035 %
11,611,845 6.035 % 2 424 M $
5.079 %
9,771,523 5.079 % 2 040 M $
List of GARMIN LTD. shareholders

Company details: Garmin Ltd.

Garmin Ltd.

Mühlentalstrasse 2

8200, Schaffhausen

+41 52 630 1600

http://www.garmin.com
address Garmin Ltd.(GRMN)

Group companies: Garmin Ltd.

NameCategory and Sector
Garmin Austria GmbH
See all subsidiaries

Other Communications & Networking

Change 5d. change 1-year change 3-years change Capi.($)
+0.44%+1.00%+27.30%+121.08% 41.57B
-0.85%-2.25%+42.15%+59.18% 269B
-0.29%+7.12%+20.63%+338.71% 136B
-0.31%+8.86%-4.92%+168.88% 72.03B
-0.05%-2.43%+5.48%+98.31% 69.44B
-0.50%+0.54%-7.56%-15.39% 35.94B
+0.17%-5.65%+12.37%+6.83% 27.06B
0.00%-3.20%+17.89%-3.59% 26.92B
+0.87%-1.77%+146.17%+64.12% 24.49B
+3.12%+7.44%-0.20%+629.05% 22.52B
Average +0.25%-0.84%+25.93%+146.72% 72.54B
Weighted average by Cap. -0.29%-0.32%+26.79%+139.79%
See all sector performances
Trading Rating
Investor Rating
ESG MSCI
A
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
10
Last Close Price
215.92USD
Average target price
198.54USD
Spread / Average Target
-8.05%
Consensus

Quarterly revenue - Rate of surprise