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Garmin Ltd. SupplierIQ Procurement Profile
Garmin Ltd. is a technology company offering products that feature location technology, including Global Positioning System (GPS), for fitness, outdoor, aviation, marine, and auto original equipment manufacturers (OEMs) markets. It designs, develops, manufactures, markets, and distributes GPS-enabled navigation, communications, sensor-based, and information solutions. Its product portfolio includes, among others, multi-sport watches, smartwatches, fitness accessories, satellite communicators, integrated flight decks, advanced engine indication systems, ADS-B and transponder solutions, cartography, sonar systems, domain controllers, and infotainment solutions. It sells and markets through independent retailers, dealers, distributors, installation and repair shops, OEMs, and its website and retail stores. It operates its facilities in Taiwan, China, the Netherlands, Poland, and the US. The firm is a Swiss corporation founded in 1989. Its headquarters are located in Schaffhausen, Switzerland.
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What’s included in this SupplierIQ Profile
IBISWorld's SupplierIQ profile covering Garmin Ltd. includes financial statements, products & service markets, competitive position and key financial health ratios.
Company Snapshot
What’s covered in this SupplierIQ Profile?
This SupplierIQ profile on Garmin Ltd. covers the company’s financial statements, products & service markets, competitive position and key financial health ratios. Garmin Ltd., trading as Garmin, is a public company with 19.9k employees.
What industries does Garmin Ltd. operate in?
Garmin Ltd. primarily operates in Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing, as well as in Measuring, Testing & Navigational Instrument Manufacturing in the US, Communications Equipment Manufacturing in the US and Copier & Optical Machinery Manufacturing in the US.
Product & Service Markets
What’s included in the Product & Service Markets chapter?
The Product & Service Markets chapter provides a breakdown of Garmin Ltd.’s key product and service segments, organized by standardized industry classifications like NAICS. It includes their market share in each of these markets with market share trends and insights.
Competitive Position
What’s included in the Competitive Position chapter?
The Competitive Position chapter covers Garmin Ltd.’s performance relative to competitors in each of the products and service markets the company operates in. This includes a detailed competitor matrix comparing the market share, return on assets, return on equity, pricing power and competitive outlook. There are qualitative insights and a detailed SWOT analysis included for each product and service market.
Income Statement
What’s included in the Income Statement chapter?
The Income Statement chapter includes datasets covering Garmin Ltd.’s historical financial performance. Line items include revenue, cost of sales, gross margins, general and administrative costs, research and development costs, depreciation, interest and taxes. This is available in current and historical datasets.
Balance Sheet
What’s included in the Balance Sheet chapter?
The Balance Sheet chapter includes datasets covering Garmin Ltd.’s historical financial health. Current asset and non-current asset accounts include line items like cash, receivables, inventories, property, plant and equipment, investments, goodwill. Current liabilities and non-current liabilities accounts include line items like accounts payable, debts, provisions and lease liabilities. The equity accounts include line items like paid-in capital, retained earnings, employee stock option plans and treasury stock. This is available in current and historical datasets.
Cash Flows
What’s included in the Cash Flows chapter?
The Cash Flows chapter includes detailed line item accounts covering Garmin Ltd.’s operating cash flow activities, financing cash flow activities and investing cash flow activities. This is available in current and historical datasets.
Ratios
What’s included in the Ratios chapter?
The Ratios chapter covers key financial metrics like the operating margin, gross margin, return on equity, return on assets, current ratio, quick ratio, EBIT margins, EBITDA margins, debt ratio, equity ratio and debt to equity ratios. This is available in current and historical datasets.
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Frequently Asked Questions
What is the 2025 revenue for Garmin Ltd.?
According to the 2026 IBISWorld ProcurementIQ report, Garmin Ltd. generated $7.2bn in revenue.
Who are Garmin Ltd.’s main competitors?
The 2026 ProcurementIQ report benchmarks Garmin Ltd. against its top competitors across execution score, operational capabilities, pricing power, and market share.
What is Garmin Ltd.’s EBITDA margin?
Garmin Ltd.’s EBITDA margin is reported across a 7-year period in the 2026 IBISWorld ProcurementIQ report. The report includes a full income statement breakdown.
What markets does Garmin Ltd. operate in?
The 2026 report identifies all NAICS-coded product and service markets Garmin Ltd. participates in, including market share, concentration, profitability trends, and average vendor risk ratings.
How many employees does Garmin Ltd. have?
The 2026 ProcurementIQ report lists Garmin Ltd.’s employee count and benchmarks workforce size against key competitors to assess relative operational capacity.
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