Garmin (GRMN) Receivables - Net (2009 - 2026)
Garmin's Receivables - Net was $1.15 billion in Q2 2026, up 14.1% from $1.01 billion a year earlier and up 22.6% from the prior quarter.
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Analysis
Garmin (GRMN) Receivables - Net (2009 - 2026) Analysis & Trends
At the end of FY2025, Receivables - Net at Garmin came in at $1.25 billion, up 27.4% from FY2024.
- Receivables - Net has now increased for three consecutive years, with a five-year compound annual growth rate of 8.1% (FY2020 to FY2025).
- In earlier years, Receivables - Net was $983.4 million in FY2024 (+20.6%), $815.24 million in FY2023 (+24.1%), $656.85 million in FY2022 (-22.1%) and $843.45 million in FY2021 (-0.7%).
- Quarterly Receivables - Net has moved between $599.73 million (Q1 2022) and $1.25 billion (Q4 2025) over five years.
- Compared with a year earlier, Receivables - Net has increased for 14 straight quarters, with growth averaging 18.9% over the last eight quarters.
- The best year-over-year quarter for Receivables - Net over five years was Q3 2024 (growth of 27.9%); the worst was Q4 2022 (a decline of 22.1%).
- Per Business Quant data, GRMN's Receivables - Net in the three quarters before Q2 2026 was $940.96 million (Q1 2026), $1.25 billion (Q4 2025) and $955.61 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Apple | 4,865.08 Bn | 4,612.57 Bn | 54.77 Bn |
| 2 | Cisco Systems | 424.71 Bn | 360.64 Bn | 11.06 Bn |
| 3 | Dell Technologies | 344.52 Bn | 300.28 Bn | 9.83 Bn |
| 4 | Arista Networks | 256.79 Bn | 210.25 Bn | 1.91 Bn |
| 5 | Sandisk | 254.02 Bn | 242.55 Bn | 7.58 Bn |
| 6 | Seagate Technology Holdings | 209.18 Bn | 204.17 Bn | 1.90 Bn |
| 7 | Western Digital | 164.06 Bn | 152.19 Bn | 2.03 Bn |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn |
| 9 | Lumentum Holdings | 86.05 Bn | 77.87 Bn | 477.30 Mn |
| 10 | Garmin | 55.35 Bn | 44.71 Bn | 1.26 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 1.15 Bn |
| Mar 28, 2026 | 940.96 Mn |
| Dec 27, 2025 | 1.25 Bn |
| Sep 27, 2025 | 955.61 Mn |
| Jun 28, 2025 | 1.01 Bn |
| Mar 29, 2025 | 787.13 Mn |
| Dec 28, 2024 | 983.40 Mn |
| Sep 28, 2024 | 922.03 Mn |
| Jun 29, 2024 | 808.45 Mn |
| Mar 30, 2024 | 694.69 Mn |
| Dec 30, 2023 | 815.24 Mn |
| Sep 30, 2023 | 721.14 Mn |
| Jul 1, 2023 | 716.80 Mn |
| Apr 1, 2023 | 610.65 Mn |
| Dec 31, 2022 | 656.85 Mn |
| Sep 24, 2022 | 641.07 Mn |
| Jun 25, 2022 | 698.86 Mn |
| Mar 26, 2022 | 599.73 Mn |
| Dec 25, 2021 | 843.45 Mn |
| Sep 25, 2021 | 639.35 Mn |
API Access
Garmin Receivables - Net 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=receivables-net&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "receivables-net", "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=receivables-net&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();