GRMN
Strong BuyPremium GrowerAI pickGarmin Ltd. · Technology · Switzerland · $55.5B cap · $218.2M/day traded
$266.76 -0.6% · close 12 Oct · scored 14 Oct
StockRank down 1.0 since 13 Oct.
Premium Grower: Strong business with the market behind it, priced at a premium.
Read our full research report on GRMN (May 2026), freeReport expected 28 Oct: the next-year EPS estimate has risen 7.8% over the last 13 weeks.
As of 14 Oct 2026, MoatMap's StockRank for Garmin Ltd. (GRMN) is 85/100, ranked against 24,000+ stocks in 35 markets (Quality 81, Value 39, Momentum 63, each scored against its sector).
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
Garmin is a founder-shaped, vertically integrated maker of GPS-based devices across fitness, outdoor, marine, aviation and automotive, with leading and highly loyal positions in niches such as multisport watches, marine electronics and general aviation avionics. It combines high returns on capital, strong gross margins that reflect real pricing power, and a balance sheet with no debt and a large cash pile, so its growth is funded entirely from internal cash flow. That profile suits an environment where interest rates stay high and levered competitors are squeezed. Demand is visible in the real world: its wearables are widely adopted by serious athletes, and its aviation and marine segments sell into long-lived, high-switching-cost installations. Its decision to return to OLED screens after a year with Micro LED shows cost discipline rather than chasing technology for its own sake.
ABOUT GARMIN LTD.
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Garmin Ltd. is a global leader in GPS navigation technology, designing, manufacturing, and marketing a diverse range of products across automotive, aviation, marine, outdoor, and fitness markets. The company's competitive moat stems from its strong brand reputation, deep engineering expertise, vertical integration in manufacturing, and a relentless focus on innovation that caters to specialized niche markets.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.9B | 5.2B | 6.3B | 7.2B | 14.2% | 7.7B | 8.1B | 9.0B | 11.7% |
| EPS | 5.06 | 6.74 | 7.35 | 8.65 | 19.6% | 9.69 | 10.23 | 11.25 | 14.1% |
| Shares | 191.6M | 191.8M | 192.5M | 192.6M | +0.5% | 192.9M | — | — | — |
| Debt | 114.5M | 113.0M | 134.9M | 164.8M | 12.9% | 226.9M | — | — | — |
| Equity | 6.2B | 7.0B | 7.8B | 9.0B | 13.1% | — | — | — | — |
| Op CF | 788.3M | 1.4B | 1.4B | 1.6B | 27.5% | 2.0B | — | — | — |
| Inv CF | -145.1M | -333.0M | -393.3M | -645.2M | — | — | — | — | — |
| Fin CF | -840.6M | -636.5M | -626.9M | -844.1M | — | — | — | — | — |
Above its 200-day average and 15% below its 52-week high.
Calmer than 63% of stocks we rank over the past year (34% a year).
How this is worked out
StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of GRMN are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| GRMN | Garmin Ltd.(you) | $55.5B | 85 | Strong Buy |
| KEYS | Keysight Technologies, Inc. | $60.2B | 73 | Buy |
| 6861.T | Keyence Corporation | $119.2B | 75 | Buy |
| 2360.TW | Chroma ATE Inc. | $30.5B | 71 | Buy |
| HEXA-B.ST | Hexagon AB (publ) | $26.8B | 70 | Buy |
| TDY | Teledyne Technologies Incorporated | $28.8B | 67 | Buy |
| CGNX | Cognex Corporation | $9.8B | 77 | Buy |
| 6856.T | HORIBA, Ltd. | $6.2B | 84 | Strong Buy |
| 7701.T | Shimadzu Corporation | $7.2B | 91 | Strong Buy |
| CDA.AX | Codan Limited | $6.8B | 81 | Strong Buy |
Peer medians: ROE 8.4% · P/E 29.1x · Gross margin 33.4%
Company Deep Dive
Read the full research report: business segments breakdown, earnings transcripts review, management credibility analysis, competitive landscape, and scenarios.