EBITDA for Garmin (GRMN)
According to Garmin's latest reported financial statements, the company's current EBITDA (TTM) is $2.12B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
GRMN
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
$2.12B
YoY change
+16.4%
5Y CAGR
+11.8%
Peak year (2025)
$2.06B
Cumulative EBITDA
$21.37B
EBITDA history chart for Garmin (GRMN) from 1999 to 2025
EBITDA history table for Garmin (GRMN) from 1999 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY |
|---|---|---|---|---|
| 2025 | $2.06B | +16.4% | ||
| 2024 | $1.77B | +39.7% | ||
| 2023 | $1.27B | +6.5% | ||
| 2022 | $1.19B | -13.2% | ||
| 2021 | $1.37B | +16.3% | ||
| 2020 | $1.18B | +12.3% | ||
| 2019 | $1.05B | +20.3% | ||
| 2018 | $874.54M | +13.6% | ||
| 2017 | $769.89M | +7.0% | ||
| 2016 | $719.20M | +14.5% | ||
| 2015 | $627.94M | -18.2% | ||
| 2014 | $767.64M | +17.6% | ||
| 2013 | $652.84M | -6.0% | ||
| 2012 | $694.63M | +7.1% | ||
| 2011 | $648.30M | -3.5% | ||
| 2010 | $671.92M | -25.8% | ||
| 2009 | $905.14M | -8.9% | ||
| 2008 | $993.39M | -4.7% | ||
| 2007 | $1.04B | +74.0% | ||
| 2006 | $599.03M | +56.9% | ||
| 2005 | $381.77M | +25.1% | ||
| 2004 | $305.27M | +23.5% | ||
| 2003 | $247.10M | +27.7% | ||
| 2002 | $193.57M | +36.2% | ||
| 2001 | $142.15M | +3.9% | ||
| 2000 | $136.86M | +55.3% | ||
| 1999 | $88.10M | — |
EBITDA values are taken from Garmin's reported income 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
Garmin (GRMN) most recent annual EBITDA stands at $2.06B (2025) – grew 16.4% year-over-year.
Across 2020–2025 (5 years), Garmin EBITDA produced a CAGR of +11.8% – sustaining 3 straight years of year-over-year growth.
2025 marks the peak EBITDA at $2.06B, with the historical low of $88.10M recorded in 1999.
Garmin (GRMN) sits 9th of 8 Technology peers we track on this metric, against a peer median of $89.57B.
Garmin EBITDA by Year
Garmin EBITDA 2025: $2.06B
Garmin EBITDA in 2025 was $2.06B, grew 16.4% from 2024. This figure represents the highest annual value in the available history.
Garmin EBITDA 2024: $1.77B
Garmin EBITDA in 2024 was $1.77B, surged 39.7% from 2023.
Garmin EBITDA 2023: $1.27B
Garmin EBITDA in 2023 was $1.27B, grew 6.5% from 2022.
Garmin EBITDA 2022: $1.19B
Garmin EBITDA in 2022 was $1.19B, declined 13.2% below 2021.
Garmin EBITDA 2021: $1.37B
Garmin EBITDA in 2021 was $1.37B.
See more financial history for Garmin (GRMN).
Sector peers — EBITDA
Companies in the same sector as Garmin, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $2.75T | Technology |
| Microsoft Corporation (MSFT) | $160.16B | Technology |
| NVIDIA Corporation (NVDA) | $144.55B | Technology |
| Apple Inc. (AAPL) | $144.43B | Technology |
| Broadcom Inc. (AVGO) | $34.71B | Technology |
| Micron Technology, Inc. (MU) | $18.49B | Technology |
| ASML Holding N.V. (ASML) | $12.55B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $7.28B | Technology |
Frequently asked questions
What is Garmin's EBITDA?
- Latest reported EBITDA for Garmin (GRMN) is $2.12B (period ending December 27, 2025).
How has Garmin EBITDA changed year-over-year?
- Garmin (GRMN) EBITDA changed +16.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Garmin EBITDA?
- Garmin (GRMN) EBITDA compound annual growth rate is +11.8% over the most recent 5 years available.
When did Garmin EBITDA hit its highest annual value?
- Garmin EBITDA reached its highest annual value of $2.06B in 2025.
What was Garmin EBITDA in 2024?
- Garmin (GRMN) EBITDA in 2024 was $1.77B.
What was Garmin EBITDA in 2025?
- Garmin (GRMN) EBITDA in 2025 was $2.06B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
GRMN Overview
Company profile, financial tools, and key metrics
GRMN Revenue Counter
Earns $229.75 every second. See per minute, hour, and day.
GRMN Earnings Counter
Earns $52.76 per second net profit. See per minute, hour, and day.
GRMN Economic Scale
Exceeds Maldives's GDP. Compare with world economies.
GRMN What If Invested
What if you had invested $1,000? See historical returns from any date.
GRMN How It Makes Money
Discover visual breakdown of $7.25B in revenue — where it comes from and where it goes.
GRMN Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
GRMN Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
GRMN Daily Price Character
Balanced · 51.8% historical win rate (green days). Streaks & record days.
GRMN Buybacks
0.60% TTM buyback yield. Shareholder yield & SBC comparison.
GRMN Stock Split History
1 split on record. Dates, ratios, and cumulative multiple.
GRMN Dividend Profile
Yield: 1.42%. Safety: 7/8. See full history.
GRMN Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
GRMN Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.