Garmin (GRMN) Cash from Operations (2009 - 2026)
Garmin (GRMN) posted Cash from Operations of $403.56 million for Q2 2026, up 133.0% from $173.17 million a year earlier but down 24.7% from the prior quarter.
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Analysis
Garmin (GRMN) Cash from Operations (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 27, 2026, Cash from Operations at Garmin was $1.98 billion, up 48.1% year-over-year; for FY2025, it was $1.63 billion, up 14.0% from FY2024.
- Annual Cash from Operations has increased for three consecutive years, with a five-year compound annual growth rate of 7.5% (FY2020 to FY2025).
- In prior years, Garmin's Cash from Operations was $1.43 billion in FY2024 (+4.1%), $1.38 billion in FY2023 (+74.6%), $788.26 million in FY2022 (-22.1%) and $1.01 billion in FY2021 (-10.8%).
- Quarterly Cash from Operations has run from a low of $79.84 million in Q2 2022 to a high of $553.79 million in Q4 2025 over five years.
- On a year-over-year basis, Cash from Operations has increased in each of the last four quarters, with growth averaging 25.5% over the last eight quarters.
- The strongest year-over-year quarter for Cash from Operations in the past five years was Q2 2023, with growth of 242.8%; the weakest was Q2 2022, with a decline of 65.2%.
- According to Business Quant data, Cash from Operations for the three prior quarters was $535.99 million (Q1 2026), $553.79 million (Q4 2025) and $485.62 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,865.08 Bn | 4,612.57 Bn | 54.77 Bn | 34.37 Bn |
| 2 | Cisco Systems | 424.71 Bn | 360.64 Bn | 11.06 Bn | 5.39 Bn |
| 3 | Dell Technologies | 344.52 Bn | 300.28 Bn | 9.83 Bn | 2.23 Bn |
| 4 | Arista Networks | 256.79 Bn | 210.25 Bn | 1.91 Bn | 1.08 Bn |
| 5 | Sandisk | 254.02 Bn | 242.55 Bn | 7.58 Bn | 7.13 Bn |
| 6 | Seagate Technology Holdings | 209.18 Bn | 204.17 Bn | 1.90 Bn | 1.31 Bn |
| 7 | Western Digital | 164.06 Bn | 152.19 Bn | 2.03 Bn | 1.39 Bn |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 1.24 Bn |
| 9 | Lumentum Holdings | 86.05 Bn | 77.87 Bn | 477.30 Mn | 363.00 Mn |
| 10 | Garmin | 55.35 Bn | 44.71 Bn | 1.26 Bn | 403.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 403.56 Mn |
| Mar 28, 2026 | 535.99 Mn |
| Dec 27, 2025 | 553.79 Mn |
| Sep 27, 2025 | 485.62 Mn |
| Jun 28, 2025 | 173.17 Mn |
| Mar 29, 2025 | 420.79 Mn |
| Dec 28, 2024 | 483.89 Mn |
| Sep 28, 2024 | 257.96 Mn |
| Jun 29, 2024 | 255.32 Mn |
| Mar 30, 2024 | 435.31 Mn |
| Dec 30, 2023 | 465.94 Mn |
| Sep 30, 2023 | 357.41 Mn |
| Jul 1, 2023 | 273.70 Mn |
| Apr 1, 2023 | 279.21 Mn |
| Dec 31, 2022 | 368.67 Mn |
| Sep 24, 2022 | 154.12 Mn |
| Jun 25, 2022 | 79.84 Mn |
| Mar 26, 2022 | 185.63 Mn |
| Dec 25, 2021 | 168.96 Mn |
| Sep 25, 2021 | 245.42 Mn |
API Access
Garmin Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "GRMN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();