Garmin annual free cash flow
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2025
Garmin Free Cash Flow (FCF) History (GRMN)
Garmin reported $1.36B in free cash flow for fiscal 2025, an increase of 10.01% from the previous fiscal year, with a free cash flow margin of 18.81%.
View full Garmin company overviewGarmin free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-27 | $1.36B | $124.0M | +10.01% | +18.81% |
| 2024 | 2024-12-28 | $1.24B | $56.2M | +4.75% | +19.67% |
| 2023 | 2023-12-30 | $1.18B | $638.8M | +117.43% | +22.62% |
| 2022 | 2022-12-31 | $544.0M | −$160.8M | −22.82% | +11.19% |
| 2021 | 2021-12-25 | $704.8M | −$245.1M | −25.80% | +14.14% |
| 2020 | 2020-12-26 | $949.9M | $369.3M | +63.62% | +22.69% |
| 2019 | 2019-12-28 | $580.5M | −$183.2M | −23.99% | +15.45% |
| 2018 | 2018-12-29 | $763.8M | $242.6M | +46.55% | +22.82% |
| 2017 | 2017-12-30 | $521.1M | −$93.6M | −15.22% | +16.70% |
| 2016 | 2016-12-31 | $614.7M | $414.8M | +207.55% | +20.18% |
| 2015 | 2015-12-26 | $199.9M | −$249.5M | −55.52% | +7.09% |
| 2014 | 2014-12-27 | $449.4M | −$124.6M | −21.71% | +15.65% |
| 2013 | 2013-12-28 | $574.0M | −$72.3M | −11.19% | +21.81% |
| 2012 | 2012-12-29 | $646.3M | −$137.7M | −17.56% | +23.80% |
| 2011 | 2011-12-31 | $784.0M | $45.6M | +6.17% | +28.42% |
| 2010 | 2010-12-25 | $738.4M | −$306.9M | −29.36% | +27.45% |
| 2009 | 2009-12-26 | $1.05B | $302.7M | +40.77% | +35.48% |
| 2008 | 2008-12-27 | $742.5M | $217.2M | +41.35% | +21.25% |
| 2007 | 2007-12-29 | $525.3M | — | — | +16.52% |
Garmin quarterly free cash flow
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Q1.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q1 2026 | 2026-03-28 | $469.4M | $88.6M | +23.28% | +26.77% |
| Q4 2025 | 2025-12-27 | $429.6M | $30.4M | +7.62% | +20.22% |
| Q3 2025 | 2025-09-27 | $425.1M | $205.7M | +93.74% | +24.00% |
| Q2 2025 | 2025-06-28 | $127.5M | −$90.7M | −41.56% | +7.03% |
| Q1 2025 | 2025-03-29 | $380.7M | −$21.4M | −5.32% | +24.80% |
| Q4 2024 | 2024-12-28 | $399.2M | −$18.1M | −4.34% | +21.90% |
| Q3 2024 | 2024-09-28 | $219.4M | −$92.5M | −29.65% | +13.83% |
| Q2 2024 | 2024-06-29 | $218.2M | −$3.0M | −1.36% | +14.48% |
| Q1 2024 | 2024-03-30 | $402.1M | $169.7M | +73.04% | +29.11% |
| Q4 2023 | 2023-12-30 | $417.3M | $108.0M | +34.91% | +28.15% |
| Q3 2023 | 2023-09-30 | $311.9M | $207.9M | +199.92% | +24.41% |
| Q2 2023 | 2023-07-01 | $221.2M | $216.4M | +4547.40% | +16.75% |
| Q1 2023 | 2023-04-01 | $232.4M | $106.5M | +84.56% | +20.25% |
| Q4 2022 | 2022-12-31 | $309.3M | $260.0M | +527.69% | +23.68% |
| Q3 2022 | 2022-09-24 | $104.0M | −$100.0M | −49.03% | +9.12% |
| Q2 2022 | 2022-06-25 | $4.8M | −$115.3M | −96.04% | +0.38% |
| Q1 2022 | 2022-03-26 | $125.9M | −$205.5M | −62.01% | +10.74% |
| Q4 2021 | 2021-12-25 | $49.3M | −$338.2M | −87.28% | +3.54% |
| Q3 2021 | 2021-09-25 | $204.0M | −$31.5M | −13.39% | +17.11% |
| Q2 2021 | 2021-06-26 | $120.0M | −$22.3M | −15.67% | +9.05% |
| Q1 2021 | 2021-03-27 | $331.5M | $147.0M | +79.64% | +30.91% |
| Q4 2020 | 2020-12-26 | $387.5M | $179.7M | +86.46% | +28.67% |
| Q3 2020 | 2020-09-26 | $235.5M | $77.6M | +49.09% | +21.23% |
| Q2 2020 | 2020-06-27 | $142.3M | $62.1M | +77.39% | +16.36% |
| Q1 2020 | 2020-03-28 | $184.5M | $50.0M | +37.20% | +21.55% |
| Q4 2019 | 2019-12-28 | $207.8M | $23.0M | +12.44% | +18.85% |
| Q3 2019 | 2019-09-28 | $158.0M | −$76.0M | −32.47% | +16.91% |
| Q2 2019 | 2019-06-29 | $80.2M | −$76.9M | −48.94% | +8.40% |
| Q1 2019 | 2019-03-30 | $134.5M | −$53.4M | −28.41% | +17.56% |
| Q4 2018 | 2018-12-29 | $184.8M | $41.0M | +28.55% | +19.83% |
| Q3 2018 | 2018-09-29 | $233.9M | $80.6M | +52.56% | +28.88% |
| Q2 2018 | 2018-06-30 | $157.1M | $28.0M | +21.66% | +17.57% |
| Q1 2018 | 2018-03-31 | $187.9M | $93.0M | +98.04% | +26.43% |
| Q4 2017 | 2017-12-30 | $143.8M | −$20.7M | −12.60% | +16.02% |
| Q3 2017 | 2017-09-30 | $153.4M | −$46.1M | −23.11% | +20.41% |
| Q2 2017 | 2017-07-01 | $129.2M | −$6.1M | −4.52% | +15.53% |
| Q1 2017 | 2017-04-01 | $94.9M | −$20.6M | −17.86% | +14.79% |
| Q4 2016 | 2016-12-31 | $164.5M | $33.5M | +25.54% | +18.53% |
| Q3 2016 | 2016-09-24 | $199.5M | $75.2M | +60.50% | +27.62% |
| Q2 2016 | 2016-06-25 | $135.3M | $254.2M | — | +16.67% |
| Q1 2016 | 2016-03-26 | $115.5M | $52.0M | +81.82% | +18.51% |
| Q4 2015 | 2015-12-26 | $131.0M | $4.5M | +3.58% | +16.77% |
| Q3 2015 | 2015-09-26 | $124.3M | −$4,000 | −0.00% | +18.28% |
| Q2 2015 | 2015-06-27 | −$118.9M | −$261.9M | — | −15.37% |
| Q1 2015 | 2015-03-28 | $63.5M | $7.9M | +14.16% | +10.85% |
| Q4 2014 | 2014-12-27 | $126.5M | −$8.5M | −6.33% | +15.75% |
| Q3 2014 | 2014-09-27 | $124.3M | −$80.7M | −39.38% | +17.60% |
| Q2 2014 | 2014-06-28 | $143.0M | −$43.2M | −23.22% | +18.38% |
| Q1 2014 | 2014-03-29 | $55.6M | $7.9M | +16.52% | +9.54% |
| Q4 2013 | 2013-12-28 | $135.1M | −$28.1M | −17.22% | +17.78% |
| Q3 2013 | 2013-09-28 | $205.0M | $49.6M | +31.88% | +31.85% |
| Q2 2013 | 2013-06-29 | $186.2M | −$25.0M | −11.86% | +26.73% |
| Q1 2013 | 2013-03-30 | $47.7M | −$68.7M | −59.00% | +8.98% |
| Q4 2012 | 2012-12-29 | $163.1M | −$49.9M | −23.41% | +21.23% |
| Q3 2012 | 2012-09-29 | $155.4M | −$18.9M | −10.82% | +23.12% |
| Q2 2012 | 2012-06-30 | $211.2M | $15.0M | +7.65% | +29.41% |
| Q1 2012 | 2012-03-31 | $116.5M | −$84.0M | −41.89% | +20.93% |
| Q4 2011 | 2011-12-31 | $213.0M | $37.8M | +21.60% | +23.42% |
| Q3 2011 | 2011-09-24 | $174.3M | −$20.3M | −10.42% | +26.13% |
| Q2 2011 | 2011-06-25 | $196.2M | $23.8M | +13.78% | +29.11% |
| Q1 2011 | 2011-03-26 | $200.4M | $4.2M | +2.15% | +39.47% |
| Q4 2010 | 2010-12-25 | $175.2M | −$57.0M | −24.54% | +20.91% |
| Q3 2010 | 2010-09-25 | $194.6M | −$86.2M | −30.70% | +28.10% |
| Q2 2010 | 2010-06-26 | $172.5M | −$73.6M | −29.92% | +23.66% |
| Q1 2010 | 2010-03-27 | $196.2M | −$90.1M | −31.47% | +45.51% |
| Q4 2009 | 2009-12-26 | $232.1M | $30.2M | +14.95% | +21.91% |
| Q3 2009 | 2009-09-26 | $280.8M | — | — | +35.94% |
| Q2 2009 | 2009-06-27 | $246.1M | — | — | +36.78% |
| Q1 2009 | 2009-03-28 | $286.3M | — | — | +65.56% |
| Q3 2008 | 2008-09-27 | $202.0M | — | — | +23.20% |
Garmin free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $949.9M to $1.36B, a compound annual growth rate of 7.49%. Garmin's latest reported quarter, Q1 2026, generated $469.4M in free cash flow, an increase of 23.28% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Garmin filings at SEC.gov ↗