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5-day change | 1st Jan Change | ||
| 242.63 USD | -0.35% |
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-4.91% | +19.61% |
| 02-20 | S&P 500 Posts Weekly Gain Led by Communication Services | MT |
| 02-20 | Tigress Financial Raises Garmin Price Target to $320 From $310, Strong Buy Rating Kept | MT |
Business description: Garmin Ltd.
- 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: 23,000
Sales by Activity: Garmin Ltd.
| Fiscal Period: December | 2021 (USD) | 2022 (USD) | 2023 (USD) | 2024 (USD) | 2025 (USD) |
|---|---|---|---|---|---|
Fitness | 1.53B | 1.11B | 1.34B | 1.77B | 2.36B |
Outdoor | 1.28B | 1.5B | 1.7B | 1.96B | 2.05B |
Marine | 875M | 904M | 917M | 1.07B | 1.18B |
Aviation | 712M | 793M | 846M | 877M | 987M |
Auto OEM | 255M | 284M | 423M | 611M | 665M |
Auto Consumer | 325M | 275M | - | - | - |
Geographical breakdown of sales: Garmin Ltd.
| Fiscal Period: December | 2021 (USD) | 2022 (USD) | 2023 (USD) | 2024 (USD) | 2025 (USD) |
|---|---|---|---|---|---|
Americas | 2.35B | 2.43B | 2.61B | 3.04B | 3.45B |
Europe, The Middle East and Africa (EMEA) | 1.86B | 1.63B | 1.78B | 2.32B | 2.74B |
Asia Pacific and Australian Continent (APAC) | 774M | 798M | 838M | 942M | 1.05B |
Executive Committee: Garmin Ltd.
| Manager | Title | Age | Since |
|---|---|---|---|
Clifton Pemble
CEO | Chief Executive Officer | 60 | 2012-12-31 |
Douglas Boessen
DFI | Director of Finance/CFO | 63 | 2014-06-30 |
Edward J. Link
CTO | Chief Tech/Sci/R&D Officer | 63 | 2007-06-30 |
Bradley Trenkle
COO | Chief Operating Officer | 46 | 2024-06-30 |
Patrick Desbois
COO | Chief Operating Officer | 58 | 2010-12-31 |
Composition of the Board of Directors: Garmin Ltd.
| Director | Title | Age | Since |
|---|---|---|---|
Clifton Pemble
BRD | Director/Board Member | 60 | 2004-07-31 |
Min Hwan Kao
CHM | Chairman | 77 | 2004-07-31 |
Joseph Hartnett
BRD | Director/Board Member | 70 | 2013-06-06 |
Jonathan Burrell
BRD | Director/Board Member | 62 | 2018-05-31 |
Catherine Lewis
BRD | Director/Board Member | 73 | 2019-06-06 |
Susan Ball
BRD | Director/Board Member | 62 | 2024-06-06 |
Company details: Garmin Ltd.
Group companies: Garmin Ltd.
| Name | Category and Sector |
|---|---|
Garmin Austria GmbH |
Other Communications & Networking
| Change | 5d. change | 1-year change | 3-years change | Capi.($) | ||
|---|---|---|---|---|---|---|
 | -0.35% | -4.91% | +10.62% | +150.70% | 46.87B | |
| -3.09% | -4.04% | +19.19% | +56.14% | 311B | |
| +3.22% | +6.09% | +64.55% | +269.11% | 167B | |
| -2.83% | -5.22% | +152.95% | +399.43% | 156B | |
| -3.57% | -1.50% | +414.47% | +2,026.44% | 87.88B | |
| -0.59% | -5.78% | +8.25% | +72.72% | 76.33B | |
| +0.41% | -5.76% | +134.60% | +180.09% | 45.35B | |
| -0.24% | -1.65% | +39.20% | +46.09% | 43.57B | |
| +8.28% | -9.95% | +362.12% | +541.70% | 41.6B | |
| +0.29% | -0.89% | -7.15% | -20.10% | 41.29B | |
| Average | +0.52% | -3.19% | +119.88% | +372.23% | 101.69B | |
| Weighted average by Cap. | +0.28% | -2.54% | +99.12% | +341.66% |
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