Company
Garmin Ltd.
Headquarters: Schaffhausen, Switzerland
Founded: October 1989
Employees: 18,700
CEO: Mr. Clifton Albert Pemble
Market Cap
$30.95 Billion
USD as of July 1, 2024
Top Competitors by Market Capitalization
Industry: Scientific & Technical Instruments
| Company | Market Cap (USD) |
|---|---|
| Keyence | $109.92 B |
| Hexagon AB | $31.35 B |
| Fortive Corporation | $25.44 B |
| Keysight Technologies, Inc. | $23.62 B |
| Lasertec Corp | $19.24 B |
Detailed Description
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; and fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices and mobile apps, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded computing models and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, online retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.
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Stocks & Indices
Garmin Ltd. has the following listings and related stock indices.
Stock: NASDAQ: GRMN wb_incandescent
Product & Services
GPS receivers, avionics, wearable technology
Key People
Founder(s): Gary Burrell Min Kao
Cliff Pemble (President & CEO) Min Kao (Chairman) Doug Boessen (CFO)
Financials
Revenue: US$4.19 billion (2020)
Operating income: US$1,054 million (2020)
Net income: US$992 million (2020)