Garmin (GRMN) Depreciation and Depletion (2009 - 2026)
Garmin (GRMN) reported Depreciation and Depletion of $41.25 million for Q3 2026, up 4.0% from $39.65 million a year earlier and up 1.0% from the prior quarter.
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Analysis
Garmin (GRMN) Depreciation and Depletion (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 26, 2026, Garmin's Depreciation and Depletion came in at $159.5 million, up 3.7% year-over-year; for FY2025, it came in at $152.61 million, up 8.6% from FY2024.
- Depreciation and Depletion has increased for eight consecutive years, with a five-year compound annual growth rate of 14.3% (FY2020 to FY2025).
- By year, Depreciation and Depletion came in at $140.49 million in FY2024 (+6.2%), $132.35 million in FY2023 (+11.5%), $118.74 million in FY2022 (+14.7%) and $103.5 million in FY2021 (+32.5%).
- The Q3 2026 figure ranks as the highest quarterly Depreciation and Depletion in data going back to Q1 2009.
- Year over year, Depreciation and Depletion has now increased in each of the last three quarters, with growth averaging 8.3% over the last eight quarters.
- The high point for year-over-year Depreciation and Depletion in five years was Q4 2021 (growth of 34.5%); the low point was Q4 2025 (a decline of 3.1%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $40.85 million (Q2 2026), $40.42 million (Q1 2026) and $36.98 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,020.54 Bn | 4,766.00 Bn | 54.82 Bn | - |
| 2 | Cisco Systems | 371.11 Bn | 307.04 Bn | 11.06 Bn | - |
| 3 | Arista Networks | 215.34 Bn | 164.54 Bn | 2.33 Bn | - |
| 4 | Dell Technologies | 212.13 Bn | 167.88 Bn | 9.83 Bn | - |
| 5 | Sony | 161.14 Bn | 95.68 Bn | 7.96 Bn | - |
| 6 | Sandisk | 122.92 Bn | 107.75 Bn | 9.38 Bn | - |
| 7 | Seagate Technology Holdings | 105.29 Bn | 100.14 Bn | 2.43 Bn | - |
| 8 | Western Digital | 96.46 Bn | 86.29 Bn | 2.53 Bn | - |
| 9 | Hewlett Packard Enterprise | 59.75 Bn | 37.63 Bn | 4.93 Bn | - |
| 10 | Garmin | 55.13 Bn | 44.69 Bn | 1.26 Bn | 41.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 41.25 Mn |
| Jun 27, 2026 | 40.85 Mn |
| Mar 28, 2026 | 40.42 Mn |
| Dec 27, 2025 | 36.98 Mn |
| Sep 27, 2025 | 39.65 Mn |
| Jun 28, 2025 | 38.52 Mn |
| Mar 29, 2025 | 37.46 Mn |
| Dec 28, 2024 | 38.15 Mn |
| Sep 28, 2024 | 34.45 Mn |
| Jun 29, 2024 | 34.00 Mn |
| Mar 30, 2024 | 33.89 Mn |
| Dec 30, 2023 | 33.86 Mn |
| Sep 30, 2023 | 33.67 Mn |
| Jul 1, 2023 | 32.86 Mn |
| Apr 1, 2023 | 31.95 Mn |
| Dec 31, 2022 | 30.74 Mn |
| Sep 24, 2022 | 29.02 Mn |
| Jun 25, 2022 | 30.00 Mn |
| Mar 26, 2022 | 28.98 Mn |
| Dec 25, 2021 | 28.23 Mn |
API Access
Garmin Depreciation and Depletion 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=depreciation-and-depletion&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-depletion", "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=depreciation-and-depletion&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();