Why did Garmin (GRMN) stock move recently?

On 9/1/2026, Garmin moved -3.1% — No clear company-specific catalyst identified for the 3.15% decline; the stock moved lower with broader market/sector sentiment after recent gains near record levels. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Garmin (GRMN) overvalued or fairly valued?

MarketChacha shows Garmin's valuation in context — a trailing P/E of about 36.3, a forward P/E of about 25.9, a price-to-book of about 6.2 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Garmin's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.02×) from reported figures — education, not a rating.

What is Garmin's revenue?

Garmin reported revenue of $7.2B for FY2025, with net profit of $1.7B, per official filings.

What is the share price of Garmin (GRMN)?

Garmin last traded at $288.56 (+0.8% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Garmin

GRMN · NYSE · Consumer Discretionary · United States

Snapshot

TickerGRMN

ExchangeNYSE

SectorConsumer Discretionary

IndustryScientific & Technical Instruments

CountryUnited States

Employees23,000

HeadquartersSchaffhausen, Switzerland

Websitewww.garmin.com

Filings tracked11

About Garmin

Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, which enables third parties to create applications that run on Garmin devices. It also provides adventure watches; outdoor handhelds and satellite communicators; golf devices; consumer automotive; dog devices; InReach and Garmin Response; and dive devices. In addition, it designs, manufactures, and markets various aircraft avionics solutions, including integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponders, weather information and avoidance solutions, datalink and connectivity solutions, and portable GPS navigators and wearables, as well as service products to the aviation market. Further, it offers chartplotters and multi-function displays, cartography, fishfinders, sonar, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing, audio, digital switching, trolling motors, and lighting; and domain controllers and infotainment units, as well as software, map database, camera, wearable, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, OEM, and online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

Who owns it

Insiders14.7%
Institutions58.3%
Public & other27.0%

1,442 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.7.75%
Vanguard Capital Management LLC5.60%
Vanguard Portfolio Management LLC4.22%
State Street Corporation3.69%
Artisan Partners Limited Partnership2.77%
Geode Capital Management, LLC2.62%
FMR, LLC1.77%
NORGES BANK1.04%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.02×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend24.7% → 23.0%

Margin has held broadly steady over the period — stable profitability.

Return on equity18.5%

Latest ROE of 18.5% — capital is generating a healthy return.

Growth qualityrev 18% · PAT 14%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $2.3B · EPS 2.85

Est. earnings growth +2.2%

Next fiscal year

Rev $9.0B · EPS 11.13

Est. earnings growth +10.0%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$7.2B

Net margin

23.0%

ROE

18.5%

Revenue CAGR (2y)

+17.7%

Profit CAGR (2y)

+13.6%

EPS (FY2025)

8.59

Net profit (FY2025)

$1.7B

Ask MarketChacha about GRMN

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Sep 1, 2026
No clear company-specific catalyst identified for the 3.15% decline; the stock moved lower with broader market/sector sentiment after recent gains near record levels.
· confidence: low

Daily moves with the verified reason behind them. Education only — not investment advice.

On MarketChacha

Posts about GRMN

Why is Garmin (GRMN) up ~15% today?c/usmarkets · 7/29/2026▲ 0

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$7.2B	$1.7B	8.59	23.0%	18.5%
FY2024	$6.3B	$1.4B	7.30	22.4%	18.0%
FY2023	$5.2B	$1.3B	6.71	24.7%	18.4%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$1.8B	$405.1M	2.09	23.1%
2025Q3	$1.8B	$401.6M	2.08	22.7%
2025Q2	$1.8B	$400.8M	2.07	22.1%
2025Q1	$1.5B	$332.8M	1.72	21.7%
2024Q3	$1.6B	$399.1M	2.07	25.2%
2024Q2	$1.5B	$300.6M	1.56	20.0%
2024Q1	$1.4B	$276.0M	1.43	20.0%
2023Q3	$1.3B	$257.2M	1.34	20.1%
2023Q2	$1.1B	$202.3M	1.05	17.6%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Exhibits
SEC7/29/2026material
10-Q filing
SEC7/29/2026
8-K — Shareholder vote results, Other events
SEC6/8/2026material
8-K — Results of operations, Exhibits
SEC4/29/2026material
10-Q filing
SEC4/29/2026
8-K — Results of operations, Exhibits
SEC2/18/2026material
10-K filing
SEC2/18/2026

2025

8-K — Results of operations, Exhibits
SEC10/29/2025material
10-Q filing
SEC10/29/2025
8-K — Results of operations, Exhibits
SEC7/30/2025material
10-Q filing
SEC7/30/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.