What is the primary revenue source for Garmin (GRMN)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze GRMN's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Garmin's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Garmin Makes Money: GRMN Revenue Breakdown (2026)

YoY periods: H1 2026 compared with H1 2025

Source metrics

Shareholder equityEquity, attributable to parent · StockholdersEquity
Cash and cash equivalentsCash and cash equivalents · CashAndCashEquivalentsAtCarryingValue
InventoryInventories · InventoryNet
Property, plant and equipmentProperty and equipment, net of accumulated depreciation of $1,360,259 and $1,292,250 · PropertyPlantAndEquipmentNet

Some conclusions lack complete source metrics and should be interpreted cautiously.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?