Garmin Ltd. (Switzerland) (GRMN) earns a Roarable Rating of B (Buy) with 72/100 RQD Confidence. High-quality cash engine (59% profit margin, 17% return on capital) with steady institutional support. The company’s underlying cash engine and institutional positioning keep the composite score in the Green Buy zone.
As of 2026-11-02, Garmin Ltd. (Switzerland) (NYSE: GRMN) is rated B (Buy / BUY) by Roarable's 5-pillar RQD engine with a composite confidence score of 72/100 at a spot price of $272.67 (-2.60% 1D, market cap $53.94B). Pillar breakdown: Fundamental Cash Engine 15/20, Institutional 13F & Options Flow 12/20, Executive Insider Alignment 18/20, FRED Macro Regime Fit 14/20, and SEC Balance-Sheet Forensics 13/20. Across 485 tracked Industrials issuers, GRMN ranks #32 in composite RQD confidence.
Within the Industrials sector (Industrial Machinery/Components), GRMN carries a Roarable B (72/100 RQD), trailing P/E of 32.4x, gross margin of 58.7%, and ROIC of 16.6%. By comparison, LHX (L3Harris Technologies Inc.) holds a C grade (65/100 RQD, P/E 32.3x, ROIC 5.7%, cap $51.85B) and KEYS (Keysight Technologies Inc.) posts a C+ grade (67/100 RQD, P/E 66.1x, ROIC 10.5%, cap $56.15B). Among the 5-stock peer group, LHX leads on earnings multiple (32.3x) while ROK leads on capital efficiency (22.9% ROIC).
Per GRMN's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-27, CIK 0001121788), Garmin Ltd. (Switzerland) generated $7.25B in revenue (+15.1% YoY), $1.66B in net income, and $1.36B in free cash flow against $10.99B in total assets and $2.57B in total debt. Key quantitative strengths: Strong cash generator (59% profit margin)—profits are backed by real money, not accounting tricks.. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run.. Institutional options positioning shows a 50% call / 50% put premium split.
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
Altman Z-Score 8.74 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 8/9
SEC XBRL FY 2025 (10-K): 18.8% FCF Margin ($1.36B FCF) & 58.7% Gross Margin
Put hedging (50% put share) caps near-term gamma upside (-8 pts vs max)
Even with a 72/100 (B) score, GRMN faces multiple-compression risk if 32.4x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.
Broader market pullbacks can still drag down strong stocks in the short run.
Dilution & Margin Drag: Cannibal Buyback (-1.52% YoY Shares) — any gross margin slip below 56.2% triggers an automatic RQD downgrade.
Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($282.03) or 200D SMA ($254.50) invalidates the momentum regime and cuts Target Base ($289.85) toward Bear Floor ($223.59).
Garmin Ltd. (Switzerland) (GRMN) dropped -2.60% to $272.67, trading at 67% of its 52-week range ($186.67 – $314.28). High-quality cash engine (59% profit margin, 17% return on capital) with steady institutional support.
Review Garmin's (GRMN) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
Garmin reported third quarter 2026 sales of US$1,986.08 million and net income of US$541.66 million, then raised full year revenue guidance to about US$8.15b while signalling continued pressure in domain controllers and
Garmin has delivered a strong multi‑year share price run and fresh record results, so the key issue now is whether the current US$272.67 tag still lines up with the cash the business is expected to produce. With a Discou
Garmin (GRMN) just paired a strong Q3 2026 earnings release with higher full year guidance, even as it flags softer automotive domain controller demand and rising memory costs as near term pressure points. Despite the st
For questions about this article or underlying research, email help@trefis.com.
Garmin (NYSE: GRMN) today announced the recipients of the 2026 Garmin Health Awards, recognizing groundbreaking digital health solutions. Presented at the conclusion of the annual Garmin Health Summit in Bangkok, the awa
GRMN raises its 2026 outlook on record Q3 results and strong wearables demand, but rising memory costs and margin pressures cloud its 2027 prospects.
Many feared that Garmin was about to implode.
Garmin beat Wall Street’s target for earnings in the third quarter and matched views on sales. But Garmin stock fell.
Garmin Connect Plus software subscriptions are outpacing hardware growth, helping to cushion margin pressure ahead.
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +15.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on GRMN today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for GRMN. Explore sector supply chains on /butterfly.
Across 485 tracked Industrials securities in the Roarable RQD universe, Garmin Ltd. (Switzerland) (GRMN) ranks #32 by composite RQD confidence (72/100, grade B) and #30 by equity capitalization ($53.94B). Within this direct 5-issuer industry benchmark cohort, LHX leads on earnings valuation at 32.3x trailing P/E, while ROK leads on capital efficiency and profitability with 22.9% ROIC and 48.1% gross margin. ROK currently holds the highest overall quantitative score in the immediate peer group at 77/100 (B+) compared with GRMN at 72/100 (B).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| GRMN
ACTIVE
Garmin Ltd. (Switzerland) | B | 72/100 | 32.4x | 58.7% | 16.6% | -2.60% | $53.94B | Benchmark Subject |
| LHX L3Harris Technologies Inc. | C | 65/100 | 32.3x | — | 5.7% | -0.29% | $51.85B | /lhx-vs-grmn → |
| KEYS Keysight Technologies Inc. | C+ | 67/100 | 66.1x | 62.1% | 10.5% | -6.86% | $56.15B | /keys-vs-grmn → |
| AME AMETEK Inc. | B+ | 76/100 | 39.0x | 36.0% | 13.4% | -4.23% | $57.72B | /ame-vs-grmn → |
| ROK Rockwell Automation Inc. | B+ | 77/100 | 57.8x | 48.1% | 22.9% | -3.37% | $50.23B | /rok-vs-grmn → |
In its most recent audited fiscal period (FY2025, filed 2025-12-27), Garmin Ltd. (Switzerland) (GRMN) reported GAAP revenue of $7.25B (+15.1% vs. FY2024 revenue of $6.30B , and +38.6% cumulative change since FY2023) , GAAP net income of $1.66B, operating cash flow of $1.63B, and free cash flow of $1.36B (+10.0% YoY). On the balance sheet, GRMN closed FY2025 with $10.99B in total assets against $2.57B in total debt (Altman Z-Score: 8.74, Piotroski F-Score: 8/9).
| Fiscal Period | Filing Date | Revenue | Net Income | Operating Cash Flow | Free Cash Flow | Total Assets | Total Debt |
|---|---|---|---|---|---|---|---|
| FY2025 (FY) | 2025-12-27 | $7.25B | $1.66B | $1.63B | $1.36B | $10.99B | $2.57B |
| FY2024 (FY) | 2024-12-28 | $6.30B | $1.41B | $1.43B | $1.24B | $9.63B | $2.25B |
| FY2023 (FY) | 2023-12-30 | $5.23B | $1.29B | $1.38B | $1.14B | $29.67B | $6.94B |
As of 2026-11-02, Garmin Ltd. (Switzerland) (NYSE: GRMN) is rated B (Buy / BUY) by Roarable's 5-pillar RQD engine with a composite confidence score of 72/100 at a spot price of $272.67 (-2.60% 1D, market cap $53.94B). Pillar breakdown: Fundamental Cash Engine 15/20, Institutional 13F & Options Flow 12/20, Executive Insider Alignment 18/20, FRED Macro Regime Fit 14/20, and SEC Balance-Sheet Forensics 13/20. Across 485 tracked Industrials issuers, GRMN ranks #32 in composite RQD confidence.
Within the Industrials sector (Industrial Machinery/Components), GRMN carries a Roarable B (72/100 RQD), trailing P/E of 32.4x, gross margin of 58.7%, and ROIC of 16.6%. By comparison, LHX (L3Harris Technologies Inc.) holds a C grade (65/100 RQD, P/E 32.3x, ROIC 5.7%, cap $51.85B) and KEYS (Keysight Technologies Inc.) posts a C+ grade (67/100 RQD, P/E 66.1x, ROIC 10.5%, cap $56.15B). Among the 5-stock peer group, LHX leads on earnings multiple (32.3x) while ROK leads on capital efficiency (22.9% ROIC).
Per GRMN's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-27, CIK 0001121788), Garmin Ltd. (Switzerland) generated $7.25B in revenue (+15.1% YoY), $1.66B in net income, and $1.36B in free cash flow against $10.99B in total assets and $2.57B in total debt. Key quantitative strengths: Strong cash generator (59% profit margin)—profits are backed by real money, not accounting tricks.. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run.. Institutional options positioning shows a 50% call / 50% put premium split.
GRMN last traded at $272.67 (-2.60% on volume of 947,461 shares), positioning the stock -3.32% below its 50-day simple moving average ($282.03) and +7.14% above its 200-day simple moving average ($254.50). Across its 52-week range of $186.67 to $314.28, GRMN sits at the 67.4% percentile with a 14-day RSI of 47.7 (NEUTRAL RANGE) and an implied next-earnings move of ±6.9% ($253.86 to $291.48).
Why GRMN Stock dropped -2.60% Today — RQD Quant Desk Flash. High-quality cash engine (59% profit margin, 17% return on capital) with steady institutional support.
Per the Roarable RQD rating, GRMN scores 72 out of 100, a letter grade of B, labeled "Roarable Buy — Good Risk/Reward." The five pillars are:
Taken together, the strongest supports are balance sheet strength and cash-generation quality, while the main tradeoff is valuation: at a 32.4 trailing P/E and 25.6 EV/EBITDA, per the market data, the stock prices in considerable expectations. This is an analytical framing of the rating, not personalized advice.
Per the profile, Garmin Ltd. Common Stock (Switzerland) (GRMN) is a NYSE-listed issuer in the Industrials sector, specifically Industrial Machinery/Components. Its market capitalization is $53.9B. Not available in source data: the specific products sold, customer segments, and revenue model details.
| Period | Revenue | Operating Income | Net Income | EPS | FCF | Cash | Debt |
|---|---|---|---|---|---|---|---|
| FY 2025 | $7245.5M | $1876.1M | $1663.9M | N/A | $1362.9M | $2278.6M | $2572.5M |
| FY 2024 | $6296.9M | $1594.0M | $1411.4M | N/A | $1238.9M | $2079.5M | $2253.5M |
| FY 2023 | $5228.3M | $1092.2M | $1289.6M | N/A | $1141.0M | N/A | $6942.5M |
Per the SEC financials, revenue rose from $5228.3M (FY 2023) to $7245.5M (FY 2025), and net income moved from $1289.6M to $1663.9M over the same span. Per the market data, gross margin is 58.7%, operating margin 25.9%, and net margin 23%, with ROIC at 16.6%. Per the Roarable RQD rating, the Altman Z-Score is 8.74 and the Piotroski F-Score is 8/9. Debt/Equity of 0.25 per the RQD rating reflects a conservative posture, while reported debt fell from $6942.5M (FY 2023) to $2572.5M (FY 2025) in the SEC financials.
Per the Butterfly Supply-Chain Graph, the supply chain is listed as "NONE," with no butterfly links and no proprietary signals. Not available in source data: upstream suppliers, downstream customers, and second-order bottleneck dependencies.
Real-time company headlines, analyst actions, and sector developments for Garmin Ltd. (Switzerland) (GRMN) • Click "Debate This Headline" to argue it in the Roar Pit below
Review Garmin's (GRMN) international revenue performance and how it affects the predictions of financial analysts on Wall Street and the future prospects for the stock.
Garmin reported third quarter 2026 sales of US$1,986.08 million and net income of US$541.66 million, then raised full year revenue guidance to about US$8.15b while signalling continued pressure in domain controllers and
Garmin has delivered a strong multi‑year share price run and fresh record results, so the key issue now is whether the current US$272.67 tag still lines up with the cash the business is expected to produce. With a Discou
Garmin (GRMN) just paired a strong Q3 2026 earnings release with higher full year guidance, even as it flags softer automotive domain controller demand and rising memory costs as near term pressure points. Despite the st
For questions about this article or underlying research, email help@trefis.com.
Garmin (NYSE: GRMN) today announced the recipients of the 2026 Garmin Health Awards, recognizing groundbreaking digital health solutions. Presented at the conclusion of the annual Garmin Health Summit in Bangkok, the awa
GRMN raises its 2026 outlook on record Q3 results and strong wearables demand, but rising memory costs and margin pressures cloud its 2027 prospects.
Many feared that Garmin was about to implode.
Welcome to the GRMN (Garmin Ltd. (Switzerland)) Roar Pit. Current RQD Composite is 72/100 (Roarable Buy — Good Risk/Reward) in Industrial Machinery/Components. Bulls point to capital efficiency (16.6% ROIC), while bears focus on valuation multiple compression (32.4x trailing P/E). Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.
Everyone in here is repeating the bull case on GRMN, but look at what you are paying: 32.4x trailing P/E with 58.7% gross margins. Unless Garmin Ltd. (Switzerland) expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.
Looking at the 5-pillar RQD breakdown on GRMN, the market is fixating on short-term headline noise in Industrial Machinery/Components and ignoring the balance sheet and cash flow trajectory. At $279.94 (52-wk range $186.67 - $314.28), any beat on forward guidance forces shorts and underweight funds to chase.
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