Latest period
$297.00M
YoY change
+39.7%
5Y CAGR
+7.6%
Peak year (2021)
$309.59M
Cumulative CapEx
$3.00B
CapEx history chart for Garmin (GRMN) from 1999 to 2025
Latest: $270.45M
CapEx growth chart for Garmin (GRMN) from 1999 to 2025
Latest: +39.7%
CapEx history table for Garmin (GRMN) from 1999 to 2025
| 2025 | $270.45M | +39.7% | +$76.88M | ||
| 2024 | $193.57M | -0.7% | −$1.46M | ||
| 2023 | $195.03M | -20.8% | −$51.16M | ||
| 2022 | $246.19M | -20.5% | −$63.39M | ||
| 2021 | $309.59M | +65.1% | +$122.12M | ||
| 2020 | $187.47M | +55.7% | +$67.06M | ||
| 2019 | $120.41M | -24.9% | −$39.95M | ||
| 2018 | $160.35M | +5.5% | +$8.43M | ||
| 2017 | $151.93M | +57.2% | +$55.25M | ||
| 2016 | $96.67M | +14.4% | +$12.19M | ||
| 2015 | $84.48M | +8.2% | +$6.42M | ||
| 2014 | $78.06M | +36.5% | +$20.85M | ||
| 2013 | $57.20M | +26.5% | +$11.98M | ||
| 2012 | $45.23M | +9.9% | +$4.06M | ||
| 2011 | $41.17M | +14.4% | +$5.20M | ||
| 2010 | $35.98M | -36.6% | −$20.80M | ||
| 2009 | $56.77M | -55.2% | −$69.82M | ||
| 2008 | $126.59M | -20.7% | −$33.10M | ||
| 2007 | $159.70M | +66.3% | +$63.67M | ||
| 2006 | $96.02M | +253.9% | +$68.89M | ||
| 2005 | $27.13M | -65.3% | −$51.02M | ||
| 2004 | $78.14M | +138.5% | +$45.38M | ||
| 2003 | $32.77M | +163.8% | +$20.35M | ||
| 2002 | $12.42M | -16.5% | −$2.46M | ||
| 2001 | $14.88M | -40.0% | −$9.94M | ||
| 2000 | $24.82M | -22.9% | −$7.37M | ||
| 1999 | $32.20M | — | — |
- 2025$270.45M+39.7%
- 2024$193.57M-0.7%
- 2023$195.03M-20.8%
- 2022$246.19M-20.5%
- 2021$309.59M+65.1%
- 2020$187.47M+55.7%
- 2019$120.41M-24.9%
- 2018$160.35M+5.5%
- 2017$151.93M+57.2%
- 2016$96.67M+14.4%
- 2015$84.48M+8.2%
- 2014$78.06M+36.5%
- 2013$57.20M+26.5%
- 2012$45.23M+9.9%
- 2011$41.17M+14.4%
- 2010$35.98M-36.6%
- 2009$56.77M-55.2%
- 2008$126.59M-20.7%
- 2007$159.70M+66.3%
- 2006$96.02M+253.9%
- 2005$27.13M-65.3%
- 2004$78.14M+138.5%
- 2003$32.77M+163.8%
- 2002$12.42M-16.5%
- 2001$14.88M-40.0%
- 2000$24.82M-22.9%
- 1999$32.20M—
CapEx values are taken from Garmin's reported cash flow statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Garmin (GRMN)
According to Garmin's latest reported financial statements, the company's current CapEx (TTM) is $297.00M. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Garmin (GRMN) CapEx is $270.45M – surged 39.7% year-over-year.
Across 2020–2025 (5 years), Garmin CapEx produced a CAGR of +7.6% – with mixed annual results across the window.
Garmin CapEx declined from $309.59M in 2021 to $270.45M in 2025, a 12.6% drawdown.
The record annual CapEx stands at $309.59M, reached in 2021; the historical low of $12.42M was recorded in 2002.
Garmin Capital Expenditures by Year
Garmin Capital Expenditures 2025: $270.45M
Garmin CapEx in 2025 was $270.45M, surged 39.7% from 2024.
Garmin Capital Expenditures 2024: $193.57M
2024's CapEx for Garmin came in at $193.57M, edged down 0.7% below 2023.
Garmin Capital Expenditures 2023: $195.03M
Garmin posted CapEx of $195.03M in 2023, declined 20.8% below 2022.
Garmin Capital Expenditures 2022: $246.19M
In 2022, Garmin reported CapEx of $246.19M, declined 20.5% below 2021.
Garmin Capital Expenditures 2021: $309.59M
Garmin CapEx in 2021 was $309.59M.
See more financial history for Garmin (GRMN).
Sector peers by CapEx
Technology peers of Garmin (GRMN), ranked by their latest CapEx
| $64.55B | |
| $41.45B | |
| $15.86B | |
| $12.71B | |
| $6.04B | |
| $1.76B | |
| $974.00M | |
| $623.00M |
- $64.55B
- $41.45B
- $15.86B
- $12.71B
- $6.04B
- $1.76B
- $974.00M
- $623.00M
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