COMPANY PROFILE

Garmin

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Garmin manufactures marine, aviation, and consumer technologies suitable to run on global positioning systems

Olathe, United StatesFounded 1989Aviation

Valuation $55B Market cap · 2026

Revenue $8.10B Latest reported FY

EBITDA $2.43B Latest reported FY

About Garmin

Garmin Ltd. is a global leader in GPS technology and wearable devices, serving a diverse range of clients from individual consumers to large enterprises. The company operates in several markets, including fitness, outdoor recreation, aviation, marine, and automotive. Garmin's business model revolves around the development and sale of advanced GPS navigation and wearable technology, which includes smartwatches, fitness trackers, and navigation systems.

Garmin makes money primarily through the sale of its hardware products, such as GPS devices and wearables. Additionally, it generates revenue from software and services, including custom applications, digital maps, and fleet management solutions. The company also offers APIs (Application Programming Interfaces) and SDKs (Software Development Kits) that allow developers to create custom applications and integrate Garmin's technology into their own products and services.

Garmin serves a wide range of clients, including fitness enthusiasts, outdoor adventurers, pilots, mariners, and fleet managers. The company's products are designed to enhance the user experience by providing accurate navigation, health tracking, and connectivity features. For example, Garmin's wearables can track health and fitness data, while its fleet management solutions help businesses optimize their vehicle operations.

Garmin's market presence is bolstered by its strong brand reputation and a comprehensive ecosystem of products and services. The company continuously innovates to meet the evolving needs of its customers, leveraging its expertise in GPS technology and data analytics.

MoreLess Source: Dealroom company data

At a glance

Status: Listed
Founded: 1989
Headquarters: Olathe, United States
Listing: IPO 2000
Employees: 11,519
Open positions: 270
Dealroom signal: 85.6/100
Industry: Transportation, Consumer Electronics
Sector: Aviation, Fleet Management, Luxury, Aviation and Aerospace, Space Tech, Horizon Europe, 4YFN, 4YFN 2026
Technology: Hardware
Business model: Manufacturing
Investment activity: 30 companies, latest Sep 2026
Capital deployed: $5M
Preferred round: ACQUISITION
Links: Website LinkedIn X

Knowledge graph

Founder mafia, market maps, research and news connected to this company by Dealroom

Funding history

1 recorded event

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
IPO✓Exit	Dec 2000	$0	—	Undisclosed	—

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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth	EBITDA	Margin	Profit	Margin	R&D
2026	$8.1B	+11.8%	$2.4B	30%	$2B	24.2%	$1.1B
2025	$7.2B	+15.1%	$2.1B	28.4%	$1.7B	23%	$1.1B
2024	$6.3B	+20.4%	$1.8B	28.5%	$1.4B	22.4%	$994M
2023	$5.2B	+7.6%	$1.2B	23.8%			$905M
2022	$4.9B	-2.5%	$1.2B	24.8%
2021	$5B	+19%	$1.4B	28.5%
2020	$4.2B	—	$1.2B	28.1%

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Growth signals

Garmin website traffic

Latest recorded traffic for Garmin is 26M monthly website visits, down 10.3% over the last three months. Garmin's team grew 57.8% over the past year.

Latest monthly visits26M 3-month web change-10.3% 1-year team growth+57.8%

Monthly website visitsApr 2016–Oct 2020

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Open positions

Openings linked to this company in Dealroom

8 distinct openings shownExplore hiring signals →

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