Garmin (GRMN) Capital Expenditures (2009 - 2026)
Garmin's (GRMN) quarterly Capital Expenditures came in at $66.6 million in Q1 2026, up 66.28% year-on-year from $40.1 million in Q1 2025, and down 46.35% quarter-over-quarter from $124.2 million in Q4 2025.
Garmin (GRMN) Capital Expenditures (2009 - 2026) Analysis & Trends
Garmin has disclosed Capital Expenditures across 18 years of filings, most recently posting $66.6 million for Q1 2026.
- Capital Expenditures for Q1 2026 came in at $66.6 million, up 66.28% year-over-year; the trailing twelve-month figure through Mar 2026 was $297.0 million (up 48.16% YoY), and the FY2025 annual result was $270.4 million, up 39.71% from the prior year.
- Capital Expenditures came in at $66.6 million for Q1 2026 at Garmin, down from $124.2 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $124.2 million in Q4 2025 to a low of $33.2 million in Q1 2024.
- The 5-year median for Capital Expenditures is $50.1 million (2022), against an average of $57.0 million.
- Across the five-year window, Capital Expenditures plunged 50.4% in 2022 and jumped 74.11% in 2024, its largest moves.
- Garmin's Capital Expenditures stood at $59.4 million in 2022, then decreased by 18.04% to $48.6 million in 2023, then jumped by 74.11% to $84.7 million in 2024, then soared by 46.6% to $124.2 million in 2025, then plunged by 46.35% to $66.6 million in 2026.
- The last three Capital Expenditures figures came in at $66.6 million (Q1 2026), $124.2 million (Q4 2025), and $60.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 75.99 Bn | 74.70 Bn | 679.95 Mn | -55.61 Mn |
| 2 | Keysight Technologies | 56.90 Bn | 54.72 Bn | 995.00 Mn | 34.00 Mn |
| 3 | Garmin | 45.32 Bn | 42.62 Bn | 1.04 Bn | 66.62 Mn |
| 4 | Teledyne Technologies | 28.36 Bn | 28.06 Bn | 673.80 Mn | 29.70 Mn |
| 5 | Mks | 21.03 Bn | 20.46 Bn | 507.00 Mn | 25.00 Mn |
| 6 | Fortive | 18.96 Bn | 18.61 Bn | 675.50 Mn | 26.60 Mn |
| 7 | Trimble | 12.56 Bn | 12.32 Bn | 646.30 Mn | 6.10 Mn |
| 8 | Cognex | 10.39 Bn | 10.09 Bn | 190.94 Mn | 2.76 Mn |
| 9 | Esco Technologies | 7.65 Bn | 7.56 Bn | 131.32 Mn | 7.23 Mn |
| 10 | Sensata Technologies Holding | 7.33 Bn | 6.69 Bn | 286.30 Mn | 17.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 66.62 Mn |
| Mar 28, 2026 | 66.62 Mn |
| Dec 27, 2025 | 124.17 Mn |
| Dec 27, 2025 | 124.17 Mn |
| Sep 27, 2025 | 60.54 Mn |
| Sep 27, 2025 | 60.54 Mn |
| Jun 28, 2025 | 45.68 Mn |
| Jun 28, 2025 | 45.68 Mn |
| Mar 29, 2025 | 40.06 Mn |
| Mar 29, 2025 | 40.06 Mn |
| Dec 28, 2024 | 84.70 Mn |
| Dec 28, 2024 | 84.70 Mn |
| Sep 28, 2024 | 38.54 Mn |
| Sep 28, 2024 | 38.54 Mn |
| Jun 29, 2024 | 37.16 Mn |
| Jun 29, 2024 | 37.16 Mn |
| Mar 30, 2024 | 33.17 Mn |
| Mar 30, 2024 | 33.17 Mn |
| Dec 30, 2023 | 48.65 Mn |
| Dec 30, 2023 | 48.65 Mn |