Buyback yield (TTM)
0.60%
Shareholder yield (TTM)
2.16%
5Y share count change
0.9%
Buyback spend (TTM)
$264.38M
Cumulative buybacks
$2.42B
Key takeaways
- Garmin (GRMN) repurchased about $264.38M of stock over the trailing twelve months.
- Diluted share count is roughly flat (0.9%) over the last ~5 fiscal years — buybacks are offsetting dilution but not shrinking the float.
- TTM buyback ÷ stock-based-comp ratio of 2.03× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +55.3% per year over the latest 5-year window.
- TTM repurchases used about 35% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Garmin (GRMN)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Garmin (GRMN)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Garmin (GRMN)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Garmin (GRMN)
Latest: $238.21M
Overview
The 2025 reading of Garmin (GRMN) buyback spend is $238.21M – surged 282.1% year-over-year.
Through 2020–2025 (5 years), Garmin buyback spend delivered a +55.3% annualised rate; with mixed annual results across the window.
Garmin buyback spend plunged from $671.85M in 2008 to $238.21M in 2025, a 64.5% drawdown.
Across the available history, buyback spend reached its high of $671.85M in 2008 and its low of $0.00 in 1999.
Garmin Buyback Spend 2025: $238.21M
In 2025, Garmin reported buyback spend of $238.21M, surged 282.1% from 2024.
Garmin Buyback Spend 2024: $62.35M
Garmin buyback spend in 2024 was $62.35M, plunged 37.0% below 2023.
Garmin Buyback Spend 2023: $98.99M
2023's buyback spend for Garmin came in at $98.99M, plunged 55.8% below 2022.
Garmin Buyback Spend 2022: $223.74M
Garmin posted buyback spend of $223.74M in 2022, surged 622.1% from 2021.
Garmin Buyback Spend 2021: $30.98M
Garmin buyback spend in 2021 was $30.98M.
See more financial history for Garmin (GRMN).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $238.21M | $166.00M | $72.20M | 0.60% | 0.19B | +0.1% | |
| 2024 | $62.35M | $137.16M | −$74.81M | 0.19% | 0.19B | +0.7% | |
| 2023 | $98.99M | $101.42M | −$2.43M | 0.40% | 0.19B | -0.5% | |
| 2022 | $223.74M | $76.80M | $146.94M | 1.27% | 0.19B | -0.0% | |
| 2021 | $30.98M | $92.52M | −$61.54M | 0.12% | 0.19B | +0.6% | |
| 2020 | $26.33M | $80.89M | −$54.55M | 0.12% | 0.19B | +0.5% | |
| 2019 | $25.89M | $63.40M | −$37.51M | 0.14% | 0.19B | +0.6% | |
| 2018 | $16.66M | $56.39M | −$39.74M | 0.14% | 0.19B | +0.5% | |
| 2017 | $87.30M | $44.73M | $42.56M | 0.78% | 0.19B | -0.3% | |
| 2016 | $100.56M | $41.25M | $59.31M | 1.10% | 0.19B | -0.9% | |
| 2015 | $137.00M | $26.29M | $110.71M | 1.95% | 0.19B | -1.6% | |
| 2014 | $260.22M | $24.29M | $235.92M | 2.57% | 0.19B | -1.1% | |
| 2013 | $58.42M | $22.59M | $35.83M | 0.65% | 0.20B | +0.1% | |
| 2012 | $18.75M | $29.27M | −$10.53M | 0.24% | 0.20B | +0.7% | |
| 2011 | $22.30M | $40.21M | −$17.91M | 0.29% | 0.19B | -1.6% | |
| 2010 | $225.93M | $40.33M | $185.60M | 3.75% | 0.20B | -1.6% | |
| 2009 | $20.26M | $43.62M | −$23.36M | 0.33% | 0.20B | -4.5% | |
| 2008 | $671.85M | $38.87M | $632.98M | 17.60% | 0.21B | -4.2% | |
| 2007 | $7.78M | $0.00 | $7.78M | 0.04% | 0.22B | +0.5% | |
| 2006 | $50.45M | $0.00 | $50.45M | 0.42% | 0.22B | +0.2% | |
| 2005 | $26.65M | $0.00 | $26.65M | 0.37% | 0.22B | +0.3% | |
| 2004 | $3.18M | $0.00 | $3.18M | 0.05% | 0.22B | -0.1% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 0.22B | +0.7% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 0.22B | -0.4% | |
| 2001 | $9.83M | $0.00 | $9.83M | 0.43% | 0.22B | +7.9% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.20B | +0.4% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 0.20B | — |
- 2025$238.21M
- 2024$62.35M
- 2023$98.99M
- 2022$223.74M
- 2021$30.98M
- 2020$26.33M
- 2019$25.89M
- 2018$16.66M
- 2017$87.30M
- 2016$100.56M
- 2015$137.00M
- 2014$260.22M
- 2013$58.42M
- 2012$18.75M
- 2011$22.30M
- 2010$225.93M
- 2009$20.26M
- 2008$671.85M
- 2007$7.78M
- 2006$50.45M
- 2005$26.65M
- 2004$3.18M
- 2003$0.00
- 2002$0.00
- 2001$9.83M
- 2000$0.00
- 1999$0.00
Buybacks vs stock-based compensation for Garmin (GRMN)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 2.03×.
Buybacks vs dividends (share of cash returned) for Garmin (GRMN)
How Garmin splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Garmin, ranked by their latest buyback spend.
| $90.71B | |
| $40.09B | |
| $18.42B | |
| $6.65B | |
| $6.31B | |
| $1.32B | |
| $0.00 | |
| $0.00 |
- $90.71B
- $40.09B
- $18.42B
- $6.65B
- $6.31B
- $1.32B
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $758.60M (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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