Garmin (GRMN) Cash from Operations (2009 - 2026)
Garmin (GRMN) posted Cash from Operations of $393.86 million for Q3 2026, down 18.9% from $485.62 million a year earlier and down 2.4% from the prior quarter.
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Analysis
Garmin (GRMN) Cash from Operations (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 26, 2026, Cash from Operations at Garmin was $1.89 billion, up 20.7% 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%).
- The Q3 2026 figure stands as the lowest quarterly Cash from Operations since Q2 2025.
- On a year-over-year basis, Cash from Operations increased in five of the last eight quarters, with growth averaging 26.6%.
- 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 $403.56 million (Q2 2026), $535.99 million (Q1 2026) and $553.79 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,090.84 Bn | 4,836.31 Bn | 54.82 Bn | 28.10 Bn |
| 2 | Cisco Systems | 390.99 Bn | 326.92 Bn | 11.06 Bn | 5.39 Bn |
| 3 | Arista Networks | 240.45 Bn | 189.65 Bn | 2.33 Bn | 1.20 Bn |
| 4 | Dell Technologies | 219.04 Bn | 174.80 Bn | 9.83 Bn | 2.23 Bn |
| 5 | Sony | 158.27 Bn | 38.21 Bn | - | - |
| 6 | Sandisk | 129.40 Bn | 114.23 Bn | 9.38 Bn | 6.36 Bn |
| 7 | Seagate Technology Holdings | 114.31 Bn | 109.16 Bn | 2.43 Bn | 1.69 Bn |
| 8 | Western Digital | 105.81 Bn | 95.63 Bn | 2.53 Bn | 1.60 Bn |
| 9 | Hewlett Packard Enterprise | 63.81 Bn | 41.69 Bn | 4.93 Bn | 1.64 Bn |
| 10 | Garmin | 55.33 Bn | 44.88 Bn | 1.26 Bn | 393.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 393.86 Mn |
| 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 |
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();