Garmin Ltd. (GRMN) FCF Payout Ratio: 47.73%
Is Garmin Ltd.’s FCF payout ratio high or low?
Garmin Ltd.'s FCF payout ratio of 47.73% is 26% below its 5-year average of 64.16%, near the low end of its 5-year range (46.20%–125.28%).
0.58% above its 12-month average of 47.45%.
GRMN FCF Payout Ratio Chart
GRMN Average FCF Payout Ratio Chart
GRMN Current vs Average FCF Payout Ratio Chart
GRMN FCF Payout Ratio Metrics
FCF PAYOUT RATIO
47.73%
FCF PAYOUT RATIO AVG TTM
47.45%
FCF PAYOUT RATIO AVG 3Y
66.87%
FCF PAYOUT RATIO AVG 5Y
64.16%
FCF PAYOUT RATIO AVG 10Y
76.67%
FCF PAYOUT RATIO AVG 15Y
69.11%
FCF PAYOUT RATIO AVG 20Y
58.90%
CURRENT VS TTM AVG
+0.58%
CURRENT VS 3Y AVG
-28.63%
CURRENT VS 5Y AVG
-25.61%
CURRENT VS 10Y AVG
-37.75%
CURRENT VS 15Y AVG
-30.94%
CURRENT VS 20Y AVG
-18.97%
Payout Ratio Comparison
FCF Payout Ratio
47.7%
Earnings Payout Ratio
41.6%
Dividend Yield
1.51%
FCF Yield
3.15%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $1.36B | $663.88M | 48.7% |
| 2024 | $1.24B | $572.36M | 46.2% |
| 2023 | $1.18B | $558.77M | 47.3% |
| 2022 | $542.07M | $679.10M | 125.3% |
| 2021 | $702.84M | $491.46M | 69.9% |
| 2020 | $947.80M | $450.63M | 47.5% |
| 2019 | $578.14M | $417.26M | 72.2% |
| 2018 | $759.16M | $296.15M | 39.0% |
| 2017 | $508.91M | $382.98M | 75.3% |
| 2016 | $609.01M | $481.45M | 79.1% |
| 2015 | $195.99M | $378.12M | 192.9% |
| 2014 | $444.65M | $360.07M | 81.0% |
| 2013 | $572.88M | $351.71M | 61.4% |
| 2012 | $639.52M | $253.39M | 39.6% |
| 2011 | $781.16M | $310.76M | 39.8% |
| 2010 | $734.66M | $298.85M | 40.7% |
| 2009 | $1.04B | $149.85M | 14.4% |
| 2008 | $735.57M | $150.25M | 20.4% |
| 2007 | $522.39M | $162.53M | 31.1% |
| 2006 | $265.83M | $107.92M | 40.6% |
| 2005 | $219.88M | $53.97M | 24.5% |
| 2004 | $130.79M | $54.09M | 41.4% |
| 2003 | $142.41M | $54.04M | 37.9% |
| 2002 | $162.98M | $0 | 0.0% |
| 2001 | $115.11M | $0 | 0.0% |
| 2000 | $63.50M | $28.95M | 45.6% |
| 1999 | $12.15M | $7.53M | 62.0% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Garmin Ltd. FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Garmin Ltd. FCF Payout Ratio FAQ
- What is the FCF payout ratio for Garmin Ltd. (GRMN)?
- The FCF payout ratio for GRMN stock is 47.73%.
- Is Garmin Ltd.'s FCF payout ratio high or low?
- Garmin Ltd.'s FCF payout ratio of 47.73% is 26% below its 5-year average of 64.16%, near the low end of its 5-year range (46.20%–125.28%).
- What is the TTM average FCF payout ratio for Garmin Ltd. (GRMN)?
- The TTM average FCF payout ratio for GRMN stock is 47.45%.
- What is the 3Y average FCF payout ratio for Garmin Ltd. (GRMN)?
- The 3Y average FCF payout ratio for GRMN stock is 66.87%.
- What is the 5Y average FCF payout ratio for Garmin Ltd. (GRMN)?
- The 5Y average FCF payout ratio for GRMN stock is 64.16%.
- What is the 10Y average FCF payout ratio for Garmin Ltd. (GRMN)?
- The 10Y average FCF payout ratio for GRMN stock is 76.67%.
- What is the 15Y average FCF payout ratio for Garmin Ltd. (GRMN)?
- The 15Y average FCF payout ratio for GRMN stock is 69.11%.
- What is the 20Y average FCF payout ratio for Garmin Ltd. (GRMN)?
- The 20Y average FCF payout ratio for GRMN stock is 58.90%.
Garmin Ltd. FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-27 | 48.71% |
| 2024-12-28 | 46.20% |
| 2023-12-31 | 47.30% |
| 2022-12-31 | 125.28% |
| 2021-12-31 | 69.92% |
| 2020-12-31 | 47.54% |
| 2019-12-31 | 72.17% |
| 2018-12-31 | 39.01% |
| 2017-12-31 | 75.25% |
| 2016-12-31 | 79.06% |
| 2015-12-31 | 192.93% |
| 2014-12-31 | 80.98% |
| 2013-12-31 | 61.39% |
| 2012-12-31 | 39.62% |
| 2011-12-31 | 39.78% |
| 2010-12-31 | 40.68% |
| 2009-12-31 | 14.44% |
| 2008-12-31 | 20.43% |
| 2007-12-31 | 31.11% |
| 2006-12-31 | 40.60% |
| 2005-12-31 | 24.55% |
| 2004-12-31 | 41.36% |
| 2003-12-31 | 37.95% |
| 2000-12-31 | 45.59% |
| 1999-12-31 | 61.99% |
About Garmin Ltd.
Garmin Ltd. specializes in the design, development, manufacturing, marketing, and global distribution of diverse wireless products and solutions. Its operations span across North and South America, the Asia Pacific region, the Australian Continent, Europe, the Middle East, and Africa. The company's offerings are organized into several key segments: Fitness: This division caters to athletes and active individuals with products like specialized running and multi-sport watches, cycling computers, activity trackers, smartwatches, and various fitness-related accessories. Additionally, it supports these offerings with its Garmin Connect web and mobile platforms, alongside Connect IQ, an ecosystem for app development. Outdoor: Garmin's Outdoor category features rugged adventure watches, portable GPS devices, golf-specific instruments and accompanying mobile applications, plus specialized dog tracking and training systems. Aviation: The Aviation sector delivers comprehensive avionics solutions for aircraft, encompassing integrated cockpit systems, advanced flight displays and instrumentation, navigation and communication tools, automated flight controls, safety enhancements, audio management, engine monitoring, traffic and weather avoidance systems, ADS-B transponders, data connectivity, portable GPS navigators, wearable aviation devices, and related support services. Marine: For the Marine market, Garmin provides a suite of solutions including chartplotters, multi-function displays, marine cartography, fish finders, sonar technology, autopilots, radar systems, compliant instrumentation and sensors, VHF radios, handheld and wearable marine devices, sailing-specific products, onboard entertainment, digital switching, and electric trolling motors. Auto: The Automotive segment focuses on in-vehicle computing and infotainment systems, personal navigation units, and various camera solutions. Garmin's products are distributed through a diverse network including independent and online retailers, authorized dealers, distributors, service and installation centers, original equipment manufacturers (OEMs), and directly via its official e-commerce platform, garmin.com. Established in 1989, Garmin Ltd. maintains its corporate headquarters in Schaffhausen, Switzerland.
- Sector
- Technology
- Industry
- Hardware, Equipment & Parts
- CEO
- Clifton Albert Pemble