Capital Expenditures for Garmin (GRMN)
According to Garmin's latest reported financial statements, the company's current capital expenditures (TTM) is $270.45M USD. 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 .
GRMN
Currently viewingCapital ExpendituresSwitch metric
Latest period
$270.45M
YoY change
+39.7%
5Y CAGR
+7.6%
Peak year (2021)
$309.59M
Cumulative capital expenditures
$2.94B
CapEx history chart for Garmin (GRMN) from 1999 to 2025
CapEx history table for Garmin (GRMN) from 1999 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Garmin (GRMN) capital expenditures is $270.45M – surged 39.7% year-over-year.
Across 2020–2025 (5 years), Garmin capital expenditures produced a CAGR of +7.6% – with the latest reading among the more recent periods of the dataset.
Garmin capital expenditures declined from $309.59M in 2021 to $270.45M in 2025, a 12.6% drawdown.
The dataset's maximum capital expenditures sits at $309.59M (2021); the minimum reading of $12.42M dates to 2002.
Among 8 Technology peers, Garmin (GRMN) ranks 9th; the peer median for capital expenditures is $9.38B.
Garmin Capital Expenditures by Year
Garmin Capital Expenditures 2025: $270.45M
Garmin capital expenditures in 2025 was $270.45M, surged 39.7% from 2024.
Garmin Capital Expenditures 2024: $193.57M
Garmin capital expenditures in 2024 was $193.57M, edged down 0.7% below 2023.
Garmin Capital Expenditures 2023: $195.03M
Garmin capital expenditures in 2023 was $195.03M, declined 20.8% below 2022.
Garmin Capital Expenditures 2022: $246.19M
Garmin capital expenditures in 2022 was $246.19M, declined 20.5% below 2021.
Garmin Capital Expenditures 2021: $309.59M
Garmin capital expenditures in 2021 was $309.59M.
See more financial history for Garmin (GRMN).
Sector peers — CapEx
Companies in the same sector as Garmin, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.29T | Technology |
| Microsoft Corporation (MSFT) | $64.55B | Technology |
| Micron Technology, Inc. (MU) | $15.86B | Technology |
| Apple Inc. (AAPL) | $12.71B | Technology |
| NVIDIA Corporation (NVDA) | $6.04B | Technology |
| ASML Holding N.V. (ASML) | $1.51B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $974.00M | Technology |
| Broadcom Inc. (AVGO) | $623.00M | Technology |
Frequently asked questions
What is Garmin's capital expenditures?
- Latest reported capital expenditures for Garmin (GRMN) is $270.45M (period ending December 27, 2025).
How has Garmin capital expenditures changed year-over-year?
- Garmin (GRMN) capital expenditures changed +39.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Garmin capital expenditures?
- Garmin (GRMN) capital expenditures compound annual growth rate is +7.6% over the most recent 5 years available.
When did Garmin capital expenditures hit its highest annual value?
- Garmin capital expenditures reached its highest annual value of $309.59M in 2021.
What was Garmin capital expenditures in 2024?
- Garmin (GRMN) capital expenditures in 2024 was $193.57M.
What was Garmin capital expenditures in 2025?
- Garmin (GRMN) capital expenditures in 2025 was $270.45M.
Metrics overview
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