Garmin Ltd. (GRMN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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GRMN Revenue Growth
Revenue Breakdown (FY 2025)
GRMN's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
GRMN Revenue Analysis (2014–2025)
As of May 8, 2026, Garmin Ltd. (GRMN) generated trailing twelve-month (TTM) revenue of $7.46 billion, reflecting strong growth of +14.2% year-over-year. The most recent quarter (Q1 2026) recorded $1.75 billion in revenue, down 17.5% sequentially.
Looking at the longer-term picture, GRMN's 5-year compound annual growth rate (CAGR) stands at +11.6%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $7.25 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows GRMN's business is primarily driven by Fitness (33%), Outdoor (28%), and Marine Segment (16%).
When compared to Technology sector peers including FOSL (-12.3% YoY), SONO (-0.2% YoY), and GPRO (-18.7% YoY), GRMN has outperformed the peer group in terms of revenue growth. Compare GRMN vs FOSL →
GRMN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| GRMNCurrent | $7.5B | +14.2% | +11.6% | 25.9% | |
 FOSL | $1.0B | -12.3% | -9.0% | 2.3% | |
 SONO | $1.4B | -0.2% | +1.7% | -3.5% | |
 GPRO | $652M | -18.7% | -6.1% | -12.8% | |
 POWI | $444M | +3.1% | -1.9% | 4.8% | |
 AAPL | $416.2B | +12.8% | +8.7% | 32.0% |
GRMN Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $7.25B | +15.1% | $4.26B | 58.7% | $1.88B | 25.9% |
| 2024 | $6.30B | +20.4% | $3.70B | 58.7% | $1.59B | 25.3% |
| 2023 | $5.23B | +7.6% | $3.00B | 57.5% | $1.09B | 20.9% |
| 2022 | $4.86B | -2.5% | $2.81B | 57.7% | $1.03B | 21.1% |
| 2021 | $4.98B | +19.0% | $2.89B | 58.0% | $1.22B | 24.5% |
| 2020 | $4.19B | +11.4% | $2.48B | 59.3% | $1.05B | 25.2% |
| 2019 | $3.76B | +12.3% | $2.23B | 59.5% | $945.6M | 25.2% |
| 2018 | $3.35B | +8.4% | $1.98B | 59.1% | $778.3M | 23.3% |
| 2017 | $3.09B | +2.3% | $1.78B | 57.8% | $668.9M | 21.7% |
| 2016 | $3.02B | +7.0% | $1.68B | 55.6% | $623.9M | 20.7% |
Full GRMN Stock Analysis
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Start ComparisonGRMN — Frequently Asked Questions
Quick answers to the most common questions about buying GRMN stock.
Is GRMN's revenue growth accelerating or slowing?
GRMN maintains +14.2% revenue growth, in line with its 5-year CAGR of +11.6%. TTM revenue stands at $7.5B. Growth rate remains consistent with historical average.
What is GRMN's long-term revenue growth rate?
Garmin Ltd.'s 5-year revenue CAGR of +11.6% reflects the sustained expansion pattern. Current YoY growth of +14.2% is near this long-term average.
How is GRMN's revenue distributed by segment?
GRMN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.