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Garmin revenue
Garmin's revenue is $6.3 billion.
What is Garmin's revenue?
- Garmin's revenue growth from 2002 to 2024 is 1,253.75%.
- Garmin has 13,000 employees, and the revenue per employee ratio is $484,377.
- Garmin's peak quarterly revenue was $1.8B in 2024(q4).
- Garmin peak revenue was $6.3B in 2024.
- Garmin annual revenue for 2023 was 5.2B, 7.57% growth from 2022.
- Garmin annual revenue for 2024 was 6.3B, 20.44% growth from 2023.
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Garmin historical revenue
Garmin's peak revenue was $6.3B in 2024. The peak quarterly revenue was $1.8B in 2024(q4).
Garmin's revenue increased from $465.1m in 2002 to $6.3B currently. That's a 1,253.75% change in annual revenue.
Garmin annual revenue
Garmin annual revenue over time
| Fiscal year / year | Garmin revenue |
|---|---|
| 2009 | $2.9B |
| 2010 | $2.7B |
| 2011 | $2.8B |
| 2012 | $2.7B |
| 2013 | $2.6B |
| 2014 | $2.9B |
| 2015 | $2.8B |
| 2016 | $3.0B |
| 2017 | $3.1B |
| 2018 | $3.3B |
| 2019 | $3.8B |
| 2020 | $4.2B |
| 2021 | $5.0B |
| 2022 | $4.9B |
| 2023 | $5.2B |
| 2024 | $6.3B |
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Garmin annual growth
Garmin saw the greatest revenue growth in 2007, when revenue increased by 79.27%.
Garmin had the lowest revenue growth in 2009, when revenue changed by -15.67%.
Garmin annual growth rate over time
| Year | Garmin growth |
|---|---|
| 2009 | -16%↓ |
| 2010 | -9%↓ |
| 2011 | 3%↑ |
| 2012 | -2%↓ |
| 2013 | -3%↓ |
| 2014 | 9%↑ |
| 2015 | -2%↓ |
| 2016 | 8%↑ |
| 2017 | 2%↑ |
| 2018 | 7%↑ |
| 2019 | 12%↑ |
| 2020 | 11%↑ |
| 2021 | 19%↑ |
| 2022 | -2%↓ |
| 2023 | 8%↑ |
| 2024 | 20%↑ |
Garmin quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
Garmin quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2009 | $436.7M | $669.1M | $781.3M | $1.1B |
| 2010 | $431.1M | $728.8M | $692.4M | $837.7M |
| 2011 | $507.8M | $674.1M | $667.0M | $909.6M |
| 2012 | $556.6M | $718.2M | $672.4M | $768.5M |
| 2013 | $532.0M | $696.6M | $643.6M | $759.7M |
| 2014 | $583.2M | $777.8M | $706.3M | $803.3M |
| 2015 | $585.4M | $773.8M | $679.7M | $781.4M |
| 2016 | $624.0M | $811.6M | $722.3M | $887.9M |
| 2017 | $641.5M | $831.5M | $751.2M | $897.3M |
| 2018 | $710.9M | $894.5M | $810.0M | $932.1M |
| 2019 | $766.1M | $954.8M | $934.4M | $1.1B |
| 2020 | $856.1M | $869.9M | $1.1B | $1.4B |
| 2021 | $1.1B | $1.3B | $1.2B | $1.4B |
| 2022 | $1.2B | $1.2B | $1.1B | $1.3B |
| 2023 | $1.1B | $1.3B | $1.3B | $1.5B |
| 2024 | $1.4B | $1.5B | $1.6B | $1.8B |
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Garmin financial information
| CEO | Clifton Albert Pemble |
| Industry | Software & Services |
| Company Type | Public |
| Employees Number | 13,000 |
| Date Founded | 1989 |
| Headquarters | Olathe, Kansas |
| Number of Locations | 6 |
| Revenue | $6.3B |
| Net Income | $973,585,000 |
| Gross Proft | $3.7B (2024) |
| PE Ratio | 7.53 |
| Tax Rate | 0.2% |
| Market Capitalization | $10.6B |
| Total Assets | $7,731,170,000 |
| Ticker | GRMN |
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Garmin competitors
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Cayley Aerospace | $52,184 | $190,000 | 4 | - |
| Prist Aerospace | - | $33.0M | 350 | - |
| Interphase Tech | $76,680 | $23.0M | 350 | - |
| Jack Henry & Associates | $61,754 | $2.2B | 6,717 | 202 |
| Smt (sportsmedia Technology) | $70,577 | $30.0M | 350 | 24 |
| Sonos | $105,325 | $1.5B | 1,446 | 34 |
| Craig Technologies | $69,549 | $51.5M | 75 | 47 |
| GHG | $74,282 | $36.0M | 200 | 4 |
| Wintec | $65,360 | - | 200 | - |
| iYogi | $78,502 | $25.0M | 1,097 | - |
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Zippia gives an in-depth look into the details of Garmin, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Garmin. The employee data is based on information from people who have self-reported their past or current employments at Garmin. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Garmin. The data presented on this page does not represent the view of Garmin and its employees or that of Zippia.
Garmin may also be known as or be related to Garmin, Garmin AT Inc, Garmin International and Garmin Ltd.