Garmin Ltd. (GRMN) Free Cash Flow CAGR:19.23%(TTM)
Free cash flow CAGR uses precomputed cash-flow statement history.
Over longer horizons, Garmin Ltd.'s Free Cash Flow CAGR averages 35.54% over 3 years and 5.80% over 5 years.The TTM figure compares the trailing 12 months (sum of the latest four quarters) with the 12 months before that. Rows in the history table compare fiscal years, and the quarterly table compares single quarters; the three measure different windows and will differ. Free cash flow CAGR measures how Garmin Ltd.'s cash generation has grown. FCF represents the cash available for dividends, buybacks, debt reduction, or reinvestment.
GRMN Free Cash Flow CAGR Chart
Garmin Ltd. (GRMN)
GRMN Quarterly Free Cash Flow Growth (YoY)
Free Cash Flow growth vs the same quarter one year earlier, last 20 quarters.
GRMN Free Cash Flow CAGR History
| Year | Start FCF | End FCF | Change | % Change | CAGR |
|---|---|---|---|---|---|
| 2025 | $1.24B | $1.36B | +$124.01M | +10.01% | +10.01% |
| 2024 | $1.18B | $1.24B | +$57.66M | +4.88% | +4.88% |
| 2023 | $542.07M | $1.18B | +$639.17M | +117.91% | +117.91% |
| 2022 | $702.84M | $542.07M | $-160.77M | -22.87% | -22.87% |
| 2021 | $947.80M | $702.84M | $-244.96M | -25.85% | -25.85% |
| 2020 | $578.14M | $947.80M | +$369.66M | +63.94% | +63.94% |
| 2019 | $759.16M | $578.14M | $-181.02M | -23.85% | -23.85% |
| 2018 | $508.91M | $759.16M | +$250.25M | +49.17% | +49.17% |
| 2017 | $609.01M | $508.91M | $-100.09M | -16.44% | -16.44% |
| 2016 | $195.99M | $609.01M | +$413.02M | +210.74% | +210.74% |
| 2015 | $444.65M | $195.99M | $-248.67M | -55.92% | -55.92% |
| 2014 | $572.88M | $444.65M | $-128.23M | -22.38% | -22.38% |
| 2013 | $639.52M | $572.88M | $-66.64M | -10.42% | -10.42% |
| 2012 | $781.16M | $639.52M | $-141.65M | -18.13% | -18.13% |
| 2011 | $734.66M | $781.16M | +$46.50M | +6.33% | +6.33% |
| 2010 | $1.04B | $734.66M | $-303.02M | -29.20% | -29.20% |
| 2009 | $735.57M | $1.04B | +$302.11M | +41.07% | +41.07% |
| 2008 | $522.39M | $735.57M | +$213.18M | +40.81% | +40.81% |
| 2007 | $265.83M | $522.39M | +$256.56M | +96.51% | +96.51% |
| 2006 | $219.88M | $265.83M | +$45.96M | +20.90% | +20.90% |
| 2005 | $130.79M | $219.88M | +$89.08M | +68.11% | +68.11% |
| 2004 | $142.41M | $130.79M | $-11.62M | -8.16% | -8.16% |
| 2003 | $162.98M | $142.41M | $-20.57M | -12.62% | -12.62% |
| 2002 | $115.11M | $162.98M | +$47.88M | +41.59% | +41.59% |
| 2001 | $63.50M | $115.11M | +$51.60M | +81.26% | +81.26% |
| 2000 | $12.15M | $63.50M | +$51.36M | +422.79% | +422.79% |
Quarterly Free Cash Flow: QoQ & YoY
| Quarter | Value | QoQ | YoY |
|---|---|---|---|
| Q1 2026 | $469.37M | +9.3% | +23.3% |
| Q4 2025 | $429.61M | +1.1% | +7.6% |
| Q3 2025 | $425.08M | +233.4% | +93.7% |
| Q2 2025 | $127.50M | -66.5% | -41.6% |
| Q1 2025 | $380.73M | -4.6% | -5.3% |
| Q4 2024 | $399.19M | +81.9% | -4.3% |
| Q3 2024 | $219.41M | +0.6% | -29.6% |
| Q2 2024 | $218.16M | -45.7% | -1.1% |
| Q1 2024 | $402.14M | -3.6% | +73.3% |
| Q4 2023 | $416.96M | +33.8% | +35.0% |
| Q3 2023 | $311.55M | +41.2% | +201.1% |
| Q2 2023 | $220.66M | -4.9% | — |
| Q1 2023 | $232.06M | -24.9% | +85.1% |
| Q4 2022 | $308.81M | +198.5% | +533.5% |
| Q3 2022 | $103.46M | — | -49.2% |
| Q2 2022 | $4.42M | -96.5% | -96.3% |
QoQ = change vs the prior quarter; YoY = change vs the same quarter a year earlier.
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