Garmin Ltd. - Company Profile
Access all 5,000+ company profiles through the Benchmarking Pro Membership. Unlock interactive competitor comparison tools that show you how Garmin Ltd. stacks up to the competition and put relevant competitor and industry information at your fingertips.
Garmin Ltd. - Overview
Brands
AIM Technology, Easyhunt, Firstbeat Analytics Oy, Garmap, Navionics, Tacx Germany, Vesper
Description
Garmin is a public company headquartered in Switzerland with an estimated 18,700 employees. In the US, the company has a notable market share in at least three industries: Communication Equipment Manufacturing, Software Publishing, Wearable Device Manufacturing and Software Publishing. Their largest market share is in the Wearable Device Manufacturing industry, where they account for an estimated 15.8% of total industry revenue.
Company Details
- Registered Name: Garmin Ltd.
- Company Type: Operating
- Exchange: NYSE
- Headquarters: Muhlentalstrasse 2, Schaffhausen, V8 CH-8200
- Website: http://www.garmin.com/
- Employees: 18,700
Garmin Ltd. - Operating Industries and Main Competitors
Garmin Ltd. - Products and Services
Communication Equipment Manufacturing
Of the 6 core revenue-generating products and services in the Communication Equipment Manufacturing industry, Garmin Ltd. offers:
- Part, accessory and contract manufacturing
Software Publishing
Of the 6 core revenue-generating products and services in the Software Publishing industry, Garmin Ltd. offers:
- All others
Garmin Ltd. - SWOT Analysis
Strengths and weaknesses take into account internal factors, and are based on Garmin Ltd.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Communication Equipment Manufacturing , Software Publishing industries
Strengths
Days Receivables: x.x%
Rank: 2 of 3 peers
Annual Turnover: x.x%
Rank: 2 of 3 peers
Weaknesses
Credit Risk: x.x%
Rank: 2 of 3 peers
Revenue per Employee: $xx
Rank: 2 of 3 peers
Opportunities
Threats
- AAAAA
- AAAAA
- AAAAA
Looking for IBISWorld Industry Reports?
Gain strategic insight and analysis on 700+ in the United States industries
(& thousands of global industries)
Garmin Ltd. - Financial Statements
Garmin Ltd. Income Statement
| BALANCE DATE | 12/31/2018 | 12/31/2019 | 12/31/2020 | 12/31/2021 | 12/31/2022 | 12/31/2023 |
|---|---|---|---|---|---|---|
| Revenue | 3,347.4 | 3,757.5 | 4,186.6 | 4,982.8 | 4,860.3 | 5,228.3 |
| Cost of Revenue | ||||||
| Cost of Revenue, Non-Cash | ||||||
| Gross Profit | ||||||
| 00000 |
Garmin Ltd. Balance Sheet
| BALANCE DATE | 12/31/2018 | 12/31/2019 | 12/31/2020 | 12/31/2021 | 12/31/2022 | 12/31/2023 |
|---|---|---|---|---|---|---|
| Cash and Equivalents | 1,201.7 | 1,027.6 | 1,458.4 | 1,498.1 | 1,279.2 | 1,693.5 |
| Short-Term Investments | ||||||
| Derivative Assets, Current | ||||||
| Restricted Cash and Investments | ||||||
| 00000 |
Garmin Ltd. Cash Flow
| BALANCE DATE | 12/31/2018 | 12/31/2019 | 12/31/2020 | 12/31/2021 | 12/31/2022 | 12/31/2023 |
|---|---|---|---|---|---|---|
| Net Income | 694.1 | 952.5 | 992.3 | 1,082.2 | 973.6 | 1,289.6 |
| Income (Loss) From Discontinued Operations | ||||||
| Depreciation, Depletion and Amortization | ||||||
| Amortization of Financing Costs and Discounts | ||||||
| 00000 |
Why purchase access to Benchmarking Pro?
This profile on Garmin Ltd. includes:
- Company Overview
- Company Revenue and Employee Data
- Company Financial Statements
- Industry Market Share Breakdown
- Industry Competitor Matrix
- SWOT Analysis
- Products and Services
- Key Company Benchmarks
- Interconnected Competitor Profiles and Industry Reports
- Full Access to Benchmarking Pro
The IBISWorld Benchmarking Pro solution enables you to:
- Understand an enterprise’s competitive landscape and how they perform within a like-sized industry segment.
- Benchmark companies against industry averages, segment averages and their competitors.
- Identify real-world strengths, opportunities, weaknesses and threats for companies.
- Target growth opportunities or spot red flags in a business growth strategy.
- Toggle between company profiles and industry reports for a 360 degree view of a company's position.
IBISWorld provides profiles on thousands of leading companies around the world. Our clients rely on our information and data to stay up-to-date on business and industry trends across all sectors of the economy. This company profile, along with the corresponding competitor and industry data provided, includes thoroughly researched, reliable and current information that will help you to make faster, better business decisions.
Get Instant Access with Benchmarking Pro Membership
Benchmarking Pro
What's Inside
Benchmarking Pro?
A suite of company and industry data that:
- Benchmarks companies against industry averages or like-sized segments, as well as close competitors
- Identifies real-world strengths, opportunites, weaknesses and threats
- Reveals growth opportunities or red flags in a business growth strategy
Included in Report
-
Enterprise History & Synopsis
-
Company Financial Statements
-
Industry Market Share Breakdown
-
Industry Competitor Matrix
-
SWOT Analysis
-
Products and Services
-
Key Company Benchmarks
