OakChart

Garmin Ltd

GRMNTechnology·Scientific & Technical Instruments·Switzerland·Large·NYSE·Nov 11 • 3:59 PM ET

293.93+5.27 (1.83%)
2026-11-12 01:51 CET
Market cap
56,638.84 USD m
Revenue, TTM
7,886.61 USD m
Net income, TTM
2,017.34 USD m
Free cash flow, TTM
1,468.03 USD m
EPS diluted, TTM
10.42
P/E
28.21
Compare

Price

GRMN against its 20, 50 and 200-day averages
2050200beat
225.00250.00275.00300.001.8M3.7MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26GRMNclose 293.9320-day 285.7750-day 282.22200-day 256.96293.9352w high

6.5% under the 52-week high of 314.28 on 10 Aug 2026. 52-week low 186.67 on 20 Nov 2025. Last 15 sessions, 12.2% high to low

Volume 0.71× normal · the line is the 50-bar volume average

Profile

GRMN
52-week range, 84% of the way up
186.67314.28

Garmin Ltd. is a holding company, which engages in the provision of navigation, communications and information devices, most of which are enabled by Global Positioning System (GPS) technology. It operates through the following segments: Marine, Outdoor, Fitness, Auto OEM, Consumer Auto, and Aviation. The Marine segment manufactures and offers recreational marine electronics such as cartography, Sounders, Radar, Autopilot Systems and Sailing. The Outdoor segment offers products designed for use in outdoor activities such as Outdoor Handhelds, Adventure Watches, Golf Devices, Dog Tracking & Training Device, Garmin Connect & Garmin Connect Mobile, and Connect IQ. The Fitness segment refers to the products designed for use in fitness and activity tracking such as Running & Multi-Sport Watches, Cycling Computers, Power Meters, Safety & Awareness, and Activity Tracking Devices. The Auto OEM and Consumer Auto segments offer products designed for use in the auto market such as Personal Navigation Devices, Original Equipment Manufacturer (OEM) Solutions, and Cameras. The Aviation segment provides solutions to aircraft manufacturers, existing aircraft owners and operators, as well as government/defense customers. The company was founded in 1989 and is headquartered in Schaffhausen, Switzerland.

IndexS&P 500, RUI
Employees23000
IPODec 08, 2000
Beta0.89
ATR, 14d9.45
Rel volume0.71
Short float1.88%
Insider own14.56%
Inst own59.81%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap56.64B
Enterprise Value54.47B
Income2.02B
Sales7.89B
Book/sh49.54
Cash/sh12.14
Dividend Est.4.11 (1.40%)
Dividend TTM3.90 (1.33%)
Dividend Ex-DateDec 11, 2026
Dividend Gr. 3/5Y6.45% 7.53%
Payout40.15%
Employees23000
IPODec 08, 2000

Ratios

P/E28.21
Forward P/E25.58
PEG1.69
P/S7.18
P/B5.93
P/C24.21
P/FCF38.58
EV/EBITDA22.07
EV/Sales6.91
Quick Ratio1.98
Current Ratio3.04
Debt/Eq0.02
LT Debt/Eq0.02
Option/ShortYes / Yes

Earnings

EPS (ttm)10.42
EPS next Y11.49
EPS next Q3.12
EPS this Y25.50%
EPS next Y6.98%
EPS next 5Y15.12%
EPS past 3/5Y19.44% 10.69%
Sales past 3/5Y14.24% 11.59%
EPS Y/Y TTM28.23%
Sales Y/Y TTM13.59%
EPS Q/Q34.81%
Sales Q/Q12.15%
EarningsOct 28 BMO
EPS/Sales Surpr.14.35% -0.13%

Ownership

Insider Own14.56%
Insider Trans-0.07%
Inst Own59.81%
Inst Trans0.11%
ROA17.92%
ROE22.38%
ROIC20.75%
Gross Margin61.12%
Oper. Margin28.82%
Profit Margin25.58%
SMA202.86%
SMA504.15%
SMA20014.39%
Trades-

Technical

Shs Outstand192.76M
Shs Float164.64M
Short Float1.88%
Short Ratio3.58
Short Interest3.10M
52W High314.28 -6.48%
52W Low186.67 57.46%
Volatility3.32% 3.35%
ATR (14)9.45
RSI (14)57.68
Beta0.89
Rel Volume0.71
Avg Volume865.84K
Volume614,036

Performance

Perf Week1.65%
Perf Month6.34%
Perf Quarter-5.77%
Perf Half Y26.68%
Perf YTD44.90%
Perf Year47.22%
Perf 3Y152.04%
Perf 5Y106.93%
Perf 10Y488.45%
Recom2.73
Target Price306.71
Prev Close288.66
Price293.93
Change %1.83%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 14, 2026InitiatedAAreteBuy$335+14.0%
Feb 19, 2026UpgradeMMorgan StanleyUnderweight → Equal-Weight$252-14.3%
Jan 16, 2026UpgradeBBarclaysUnderweight → Equal Weight$217-26.2%
Dec 19, 2025ReiteratedTTigress FinancialBuy$305 → $310+5.5%
Dec 03, 2025UpgradeLLongbowNeutral → Buy$250-14.9%
Oct 07, 2024DowngradeMMorgan StanleyEqual-Weight → Underweight$155 → $138-53.1%
Sep 13, 2024DowngradeBBarclaysEqual Weight → Underweight$181 → $133-54.8%
May 22, 2024DowngradeBBofA SecuritiesNeutral → Underperform$165 → $150-49.0%
Jan 08, 2024DowngradeJJP MorganOverweight → Neutral$135-54.1%
Jul 05, 2023ResumedJJP MorganOverweight$115-60.9%

Peers

Mkt cap
TickerCompanyMkt cap
TRMBTrimble Inc12.95B
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TDYTeledyne Technologies Inc29.98B
AAPLApple Inc5168.08B
LOGILogitech International SA13.78B
GPROGoPro Inc149.57M
HONHoneywell International Inc72.24B
BCBrunswick Corp5.03B
ATROAstronics Corp2.59B
PTONPeloton Interactive Inc2.55B

Insider trading

latest 14 of 38
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Wang Cheng-WeiGeneral Manager - Garmin Corp.Aug 18 '26Sale299.369,9412,975,98229,506Aug 20 05:30 PM
Cheng-Wei WangOfficerAug 18 '26Proposed Sale299.319,9412,975,419Aug 18 03:29 PM
Biddlecombe SeanManaging Director, EMEAJul 31 '26Sale292.88986288,7796,021Jul 31 06:30 PM
MAXFIELD JOSHUA HVP, General CounselJul 31 '26Sale291.131,152335,38515,042Jul 31 06:30 PM
PEMBLE CLIFTON APresident and CEOJul 29 '26Sale300.004,0291,208,700120,127Jul 31 06:30 PM
Sean BiddlecombeOfficerJul 31 '26Proposed Sale292.77986288,668Jul 31 11:11 AM
Joshua MaxfieldOfficerJul 31 '26Proposed Sale291.041,152335,273Jul 31 10:49 AM
PEMBLE CLIFTON AOfficerJul 29 '26Proposed Sale300.004,0291,208,700Jul 29 04:03 PM
Hartnett Joseph JDirectorJun 09 '26Sale263.57643169,47621,277Jun 09 01:50 PM
Joseph HartnettDirectorJun 09 '26Proposed Sale236.09643151,806Jun 09 11:02 AM
Boessen Douglas G.CFO and TreasurerJun 05 '26Sale237.912,000475,81226,049Jun 08 09:55 PM
Boessen Douglas G.OfficerJun 05 '26Proposed Sale239.462,000478,920Jun 05 04:03 PM
MINARD LAURIE AVP, Human ResourcesMay 08 '26Sale242.031,084262,3653,785May 08 09:55 PM
Laurie MinardOfficerMay 08 '26Proposed Sale242.031,084262,365May 08 03:42 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
VOVanguard Morningstar Mid-Cap ETFAUM: 107.07B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VTVVanguard Morningstar Value ETFAUM: 196.23B
QUALiShares MSCI USA Quality Factor ETFAUM: 48.51B
VOTVanguard Morningstar Mid-Cap Growth ETFAUM: 18.66B
XLYState Street Consumer Discretionary Select Sector SPDR ETFAUM: 23.35B
RSPInvesco S&P 500 Equal Weight ETFAUM: 104.94B

News

latest 14 of 200
  • Garmin and Waze team up to amplify the power of community-driven awareness for cyclists and drivers (PR Newswire)
  • Garmin introduces Descent X10, the essential dive computer for underwater adventures (PR Newswire)
  • Garmin celebrates global digital health innovation at 2026 Garmin Health Summit in Asia (PR Newswire)
  • Garmin Ltd. stock underperforms Wednesday when compared to competitors (MarketWatch) -5.82%
  • Garmin: Q3 Earnings Snapshot (Associated Press)
  • Garmin Crushes EPS Estimates And Raises Guidance A Third Time, But Flags A 2027 Margin Reset And Cuts Its Cash-Flow Outlook (Earnings Whispers)
  • Garmin Shares Rise 3% as Q3 Earnings Beat Forecasts and 2026 Guidance Increases (InvestorsHub)
  • Garmin Gets Q3 Lift From Adventure Watches, Fitness Wearables (Investor's Business Daily)
  • Garmin announces third quarter 2026 results (PR Newswire)
  • New Garmin Edge 1060 cycling computer gives cyclists hands-free voice control (PR Newswire)
  • Ride with more confidence with Edge Explore 3 cycling computers from Garmin (PR Newswire)
  • Garmin unveils Tacx Nera, an immersive indoor smart trainer with integrated movement (PR Newswire)
  • Garmin selects Ventura, California as newest Garmin Marathon Series location (PR Newswire)
  • More than 2,500 aircraft are now equipped with Garmin's revolutionary Autoland system (PR Newswire)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-282.7602.4142.8001,9861,9897
2026Q22026-07-292.8102.2982.8012,0221,9267
2026Q12026-04-292.0801.8352.0931,7531,7248
2025Q42026-02-182.7902.4052.7282,1252,0187
2025Q32025-10-291.9901.9892.0751,7711,7827
2025Q22025-07-302.1701.8972.0721,8151,7016
2025Q12025-04-301.6101.6731.7181,5351,5256
2024Q42025-02-192.4102.0462.2491,8231,6996
2024Q32024-10-301.9901.4462.0661,5861,4447
2024Q22024-07-311.5801.4651.5591,5071,4247
2024Q12024-05-011.4201.0151.4321,3821,2516
2023Q42024-02-211.7201.4052.8151,4831,4157
2023Q32023-11-011.4101.2831.3411,2781,2057
2023Q22023-08-021.4501.4261.5031,3211,2556
2023Q12023-05-031.0201.0341.0541,1471,0787
2022Q42023-02-221.3501.1861.5271,3061,2996

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2017FY2.9402.9083.7603,0873,069
2018FY3.6903.4593.6603,3473,312
2019FY4.4504.2434.9903,7583,664
2020FY5.1404.8355.1714,1874,017
2021FY5.8205.7485.6064,9834,953
2022FY5.1305.0135.0434,8604,849
2023FY5.5905.2826.7155,2285,170
2024FY7.3907.0787.3036,2976,178
2025FY8.5608.2048.5907,2467,144
2026FY-10.743--8,141
2027FY-11.493--9,151
2028FY-13.061--10,253

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-10-305302,3772,3452,399
2026Q4S2026-10-294302,3862,3652,399
2026Q4S2026-10-284202,3602,2982,390
2026Q4S2026-10-124002,3212,2982,365
2026Q4S2026-08-064012,3212,2982,365
2026Q4S2026-07-304012,3172,2982,350
2026Q4S2026-07-294012,3152,2922,350
2026Q4S2026-07-154002,3242,2922,350
2026Q4S2026-06-044002,3242,2922,350
2026Q4S2026-05-065002,3252,2922,350
2026Q4S2026-05-055102,3252,2922,350
2026Q4S2026-05-045202,3252,2922,350
2026Q4S2026-05-015302,3252,2922,350
2026Q4S2026-04-295302,3272,2992,350

Estimate history

EPS, annual3.763.664.995.1715.6065.0436.7157.3038.59410.4197
Period201720182019202020212022202320242025TTM
EPS, quarterly2.0662.2491.7182.0722.0752.7282.0932.8012.798
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual3121.563347.4443757.5054186.5734982.7954860.2865228.2526296.9037245.5197886.61
Period201720182019202020212022202320242025TTM
Sales, quarterly1586.0221822.5611535.0991814.5641770.9012124.9551753.4892022.0921986.076
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual188.189189.461190.686191.571192.608191.623191.777192.468192.62192.757
Period201720182019202020212022202320242025MRQ
Shares, quarterly192.136192.468192.711192.542192.384192.62192.903192.91192.757
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue7,886.617,245.526,296.905,228.254,860.294,982.804,186.573,757.513,347.44
Cost of Goods Sold Incl. D&A3,066.272,989.222,600.352,223.302,053.512,092.341,705.241,523.531,367.72
Gross Profit4,820.344,256.303,696.553,004.952,806.782,890.462,481.342,233.981,979.72
Selling, General and Administrative Excl. Other2,547.362,380.232,102.561,912.801,778.931,671.841,427.101,288.391,201.38
Research and Development1,207.661,126.23993.60904.70834.93840.02705.68605.37567.80
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income2,272.971,876.081,593.991,092.161,027.851,218.621,054.24945.59778.34
Interest Expense0.000.000.000.000.000.000.000.000.00
Unusual Expense0.000.000.000.000.000.000.00--
Net Income Before Taxes2,420.102,014.541,695.401,200.361,064.971,206.801,103.41987.22823.25
Income Taxes402.76350.65283.96-89.2891.39124.60111.0934.74129.17
Consolidated Net Income2,017.341,663.891,411.441,289.64973.591,082.20992.32952.49694.08
Net Income From Continuing Operations2,017.341,663.891,411.441,289.64973.591,082.20992.32952.49694.08
Net Income2,017.341,663.891,411.441,289.64973.591,082.20992.32952.49694.08
EPS (Recurring)10.428.597.306.715.045.615.174.993.66
EPS (Basic, Before Extraordinaries)10.478.647.356.745.065.635.195.013.68
EPS (Diluted)10.428.597.306.715.045.615.174.993.66
EBITDA2,468.442,064.841,773.731,269.731,191.701,373.441,180.951,051.76874.54
Non-Operating Income (Expense)147.12138.46101.41108.2037.13-11.8249.1741.6444.90
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense137.88131.14131.3880.1260.6767.5459.0546.2844.55
Price To Earnings Ratio28.2127.7026.2023.7018.4624.2923.1519.5517.35
Price To Sales Ratio7.225.496.434.723.675.215.515.013.56
Gross Margin61.1258.7458.7057.4857.7558.0159.2759.4559.14
Operating Margin28.8225.8925.3120.8921.1524.4625.1825.1723.25
Net Margin25.5822.9622.4124.6720.0321.7223.7025.3520.73
Shares Outstanding192.76192.62192.47191.78191.62192.61191.57190.69189.46
Market Capitalization56,638.8455,623.3439,607.0824,593.6917,688.6726,188.4922,883.4218,546.4511,996.67

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue1,986.082,022.091,753.492,124.951,770.901,814.561,535.101,822.56
Cost of Goods Sold Incl. D&A728.31760.07711.20866.70724.41747.55650.55742.64
Gross Profit1,257.771,262.021,042.291,258.261,046.491,067.01884.541,079.92
Selling, General and Administrative Excl. Other646.12646.51610.62644.11589.68594.72551.72563.84
Research and Development312.92303.94295.82294.98286.46276.66268.12258.75
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income611.65615.51431.67614.15456.80472.30332.82516.08
Interest Expense0.000.000.000.000.000.000.000.00
Unusual Expense0.000.000.000.000.000.000.000.00
Net Income Before Taxes661.12651.06472.53635.39509.82480.25389.08516.14
Income Taxes119.46109.1467.45106.70108.2079.4356.3180.41
Consolidated Net Income541.66541.92405.08528.68401.62400.82332.77435.73
Net Income From Continuing Operations541.66541.92405.08528.68401.62400.82332.77435.73
Net Income541.66541.92405.08528.68401.62400.82332.77435.73
EPS (Recurring)2.802.802.092.732.082.071.722.25
EPS (Basic, Before Extraordinaries)2.812.812.102.752.092.081.732.27
EPS (Diluted)2.802.802.092.732.082.071.722.25
EBITDA662.88664.36480.79660.41505.91519.40379.12562.62
Non-Operating Income (Expense)49.4735.5540.8621.2353.027.9656.250.06
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense35.3435.9234.2332.3933.7535.1629.8451.56
Price To Earnings Ratio28.2126.4927.0025.0030.3827.4929.7226.20
Price To Sales Ratio7.225.865.975.506.705.966.426.44
Gross Margin63.3362.4159.4459.2159.0958.8057.6259.25
Operating Margin30.8030.4424.6228.9025.7926.0321.6828.32
Net Margin27.2726.8023.1024.8822.6822.0921.6823.91
Shares Outstanding192.76192.91192.90192.62192.38192.54192.71192.47
Market Capitalization56,638.8445,811.0144,657.5239,015.1547,395.8740,187.1641,776.6839,607.08

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments2,737.852,500.741,968.071,452.481,846.041,846.081,404.031,384.721,053.17
Short Term Receivables1,272.16998.21815.24656.85843.45849.47706.76569.83590.88
Inventories1,772.261,473.981,345.951,515.051,227.61762.08752.91561.84517.64
Other Current Assets448.41339.19318.56315.92328.72191.57169.04120.51153.91
Total Current Assets6,230.685,312.114,447.823,940.294,245.813,649.213,032.742,636.912,315.61
Net Property, Plant & Equipment1,571.531,401.541,367.821,285.051,156.93950.16792.51663.53595.68
Total Investments and Advances1,397.641,199.021,125.891,209.081,269.481,131.481,205.551,330.201,260.30
Intangible Assets958.60758.11795.08746.46791.07828.57659.63417.08409.80
Deferred Tax Assets718.09822.52754.63441.07260.20245.46268.52176.96195.98
Other Assets117.12137.23112.32109.23130.92226.50207.85158.19170.91
Total Assets10,993.679,630.538,603.577,731.177,854.437,031.376,166.805,382.864,948.29
Short Term Debt Incl. Current Port. of LT Debt31.1527.9027.7825.1520.5018.8714.760.000.00
Accounts Payable347.49359.37253.79212.42370.05258.88240.83204.99169.64
Income Tax Payable381.55294.58225.47246.18128.0868.5856.9151.6433.64
Other Current Liabilities959.88826.01803.65727.89929.51817.87723.43664.69588.84
Total Current Liabilities1,720.071,507.861,310.691,211.631,448.151,164.221,035.93921.31792.12
Long Term Debt164.84134.89113.03114.5470.0475.9649.240.000.00
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities109.70103.27114.68129.97117.59116.84114.7592.9476.61
Other Liabilities26.5036.1153.1070.69104.48158.24173.38205.63227.14
Total Liabilities2,021.111,782.131,591.511,526.831,740.271,515.261,373.301,219.881,095.87
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity8,972.567,848.407,012.066,204.346,114.165,516.124,793.504,162.973,852.42
Total Shareholders Equity8,972.567,848.407,012.066,204.346,114.165,516.124,793.504,162.973,852.42
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity8,972.567,848.407,012.066,204.346,114.165,516.124,793.504,162.973,852.42
Total Liabilities & Stockholders Equity10,993.679,630.538,603.577,731.177,854.437,031.376,166.805,382.864,948.29
Book Value Per Share46.5840.7836.5632.3831.7428.7925.1421.9720.47
Tangible Book Value Per Share41.6136.8432.4228.4827.6424.4721.6819.7718.29
Full-Time Employees23,00021,80019,90019,70018,70016,00015,00013,00012,300
Price to Book Ratio5.835.283.873.024.294.163.882.883.07
Return on Assets16.1415.4815.7912.4914.5415.0416.4913.3614.97
Return on Equity19.7819.0019.5215.8118.6119.2521.2717.4319.50
Return on Invested Capital18.2117.6818.1015.4117.5017.7519.6716.6718.40
Quick Ratio2.592.552.372.002.082.482.202.252.27
Current Ratio3.623.523.393.252.933.132.932.862.92

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income2,017.341,663.891,411.441,289.64973.591,082.20992.32952.49694.08
Depreciation195.46188.76179.74177.57163.85154.82126.72106.1796.19
Other Funds (Non Cash)169.11131.61159.1676.1669.84128.5867.8281.0397.23
Funds from Operations2,478.662,066.801,662.191,202.591,063.991,360.231,193.791,051.33926.48
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-591.48-433.45-229.72173.67-275.73-347.81-58.52-352.79-6.96
Income Taxes Payable-6.50-46.4343.69-38.0449.895.89-20.67-34.3035.12
Cash from Operating Activities1,887.181,633.361,432.471,376.27788.261,012.431,135.27698.55919.52
Capital Expenditures-419.15-270.45-193.57-195.03-246.19-309.59-187.47-120.41-160.35
Net Assets From Acquisitions-320.59-175.66-16.44-150.85-13.46-20.18-148.65-300.29-29.17
Sale of Fixed Assets and Businesses0.000.000.000.222.400.041.980.531.60
Purchase or Sale of Investments-235.33-199.46-198.3512.69112.12-145.6473.61-30.58-119.58
Purchase of Investments-747.76-839.85-507.52-170.68-1,051.99-1,508.71-1,052.64-789.35-403.18
Sale Or Maturity of Investments512.43640.40309.17183.371,164.121,363.071,126.25758.77283.60
Other Uses0.000.000.000.000.000.000.000.000.00
Other Sources2.320.3215.030.000.000.000.000.000.00
Cash from Investing Activities-972.75-645.24-393.33-332.97-145.12-475.37-260.52-450.75-307.50
Cash Dividends Paid-751.44-663.88-572.36-558.77-679.10-491.46-450.63-417.26-296.15
Change in Capital Stock-184.49-180.20-54.50-77.74-161.524.75-11.131.249.99
Repurchase of Common Pref Stock-244.85-238.21-104.47-121.80-223.74-30.98-26.33-25.89-16.66
Sale of Common Pref Stock60.3758.0149.9644.0662.2235.7315.2027.1226.64
Proceedsfrom Stock Options0.000.000.000.000.000.000.0027.1226.64
Issuance or Reduction of Debt, Net0.000.000.000.000.000.000.000.000.00
Change in Long Term Debt0.000.000.000.000.000.000.000.000.00
Issuance of Long Term Debt0.000.000.000.000.000.000.000.000.00
Reduction of Long Term Debt0.000.000.000.000.000.000.000.000.00
Net Financing Active Other Cash Flow0.000.000.000.000.000.000.000.000.00
Other Financing Activities Uses0.000.000.000.000.000.000.000.000.00
Cash from Financing Activities-935.93-844.08-626.86-636.51-840.62-486.71-461.76-416.03-286.16
Exchange Rate Effect-11.5355.16-26.287.46-21.45-10.2518.13-5.94-15.81
Net Change in Cash-33.02199.21386.00414.24-218.9340.09431.11-174.17310.05
Free Cash Flow1,468.031,362.911,238.901,182.74543.97704.78949.87580.52763.76
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow79.4756.9260.7139.56-121.6946.21115.2025.49
Deferred Taxes & Investment Tax Credit-82.55-88.14-340.77-143.29-5.376.93-88.3638.98

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments2,339.472,666.192,700.952,737.852,539.632,587.25
Short Term Receivables1,159.501,153.21940.961,272.16972.431,027.57
Inventories2,251.741,966.061,850.281,772.261,887.931,788.02
Other Current Assets720.30509.47489.65448.41393.49398.08
Total Current Assets6,471.016,294.945,981.856,230.685,793.485,800.91
Net Property, Plant & Equipment1,703.781,666.531,587.161,571.531,483.991,470.01
Total Investments and Advances1,727.831,704.411,613.051,397.641,377.331,286.59
Intangible Assets1,249.43927.53937.50958.60963.27787.84
Deferred Tax Assets704.89717.79721.89718.09782.09852.55
Other Assets136.84112.69110.99117.12122.72126.17
Total Assets11,993.7811,423.8910,952.4410,993.6710,522.8810,324.08
Short Term Debt Incl. Current Port. of LT Debt0.000.000.0031.150.000.00
Accounts Payable500.67401.32344.72347.49378.02397.30
Income Tax Payable384.35326.08308.30381.55293.48282.99
Other Current Liabilities1,243.231,355.77722.22959.881,080.801,251.77
Total Current Liabilities2,128.252,083.171,375.241,720.071,752.301,932.06
Long Term Debt173.49177.96167.61164.84155.77148.61
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities116.22107.36111.74109.70109.0489.19
Other Liabilities26.2926.3826.8126.5027.5329.10
Total Liabilities2,444.262,394.881,681.412,021.112,044.642,198.97
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity9,549.539,029.019,271.028,972.568,478.248,125.11
Total Shareholders Equity9,549.539,029.019,271.028,972.568,478.248,125.11
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity9,549.539,029.019,271.028,972.568,478.248,125.11
Total Liabilities & Stockholders Equity11,993.7811,423.8910,952.4410,993.6710,522.8810,324.08
Book Value Per Share49.5446.8048.0646.5844.0742.20
Tangible Book Value Per Share43.0642.0043.2041.6139.0638.11
Full-Time Employees---23,000--
Price to Book Ratio5.934.944.984.605.834.92
Return on Assets17.9217.2616.7416.1415.8116.33
Return on Equity22.3821.8919.9019.7819.6620.73
Return on Invested Capital5.575.894.295.794.654.84
Quick Ratio1.982.083.002.592.232.08
Current Ratio3.043.024.353.623.313.00

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income541.66541.92405.08528.68401.62400.82
Depreciation51.2348.8649.1246.2549.1047.10
Other Funds (Non Cash)34.1147.4544.5742.9821.8667.90
Funds from Operations657.10638.34502.08681.14541.66477.66
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-263.25-234.7933.91-127.35-56.04-304.49
Income Taxes Payable44.6027.09-54.84-23.361.74-59.93
Cash from Operating Activities393.86403.56535.99553.78485.62173.17
Capital Expenditures-100.59-127.78-66.62-124.17-60.53-45.68
Net Assets From Acquisitions-317.60-2.990.000.00-173.680.13
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments-28.94-13.77-185.45-7.17-33.38-67.86
Purchase of Investments-121.48-177.18-333.34-115.76-258.72-285.55
Sale Or Maturity of Investments92.53163.41147.90108.59225.34217.68
Other Uses0.070.24-0.310.000.000.00
Other Sources2.390.000.00-0.07-0.12-0.10
Cash from Investing Activities-444.67-144.30-252.37-131.41-267.72-113.51
Cash Dividends Paid-202.43-202.41-173.64-172.97-173.17-173.18
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-41.65-10.79-86.42-45.64-36.56-37.76
Repurchase of Common Pref Stock-41.63-42.23-86.42-74.58-36.56-66.82
Sale of Common Pref Stock-0.0231.440.0028.940.0029.07
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net0.000.000.000.000.000.00
Change in Long Term Debt0.000.000.000.000.000.00
Issuance of Long Term Debt0.000.000.000.000.000.00
Reduction of Long Term Debt0.000.000.000.000.000.00
Net Financing Active Other Cash Flow0.000.000.000.000.000.00
Other Financing Activities Uses0.000.000.000.000.000.00
Cash from Financing Activities-244.08-213.19-260.05-218.60-209.73-210.94
Exchange Rate Effect0.44-1.73-12.292.04-7.5347.98
Net Change in Cash-294.4544.3311.28205.810.64-103.30
Free Cash Flow293.27275.78469.37429.61425.08127.50
Price to Free Cash Flow79.4751.2558.7356.9766.7277.36

Revenue breakdown

Switzerland2024: 6.30B 2025: 7.25B
Auto OEM2024: 610.62M 2025: 664.68M
Aviation2024: 876.61M 2025: 987.16M
Fitness2024: 1.77B 2025: 2.36B
Marine2024: 1.07B 2025: 1.18B
Outdoor2024: 1.96B 2025: 2.05B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-301.88%3.1M164.6M862.22K
2026-10-152.01%3.3M164.8M918.61K
2026-09-301.98%3.3M165.3M897.81K
2026-09-151.87%3.1M165.1M939.26K
2026-08-311.91%3.2M165.1M916.85K
2026-08-142.04%3.4M165.1M904.34K
2026-07-312.19%3.6M164.8M904.51K
2026-07-152.39%3.9M164.2M813.50K
2026-06-302.53%4.2M164.7M830.55K
2026-06-152.58%4.2M164.7M757.03K
2026-05-292.49%4.1M164.7M805.81K
2026-05-152.41%4.0M164.2M894.68K
2026-04-302.19%3.6M164.1M937.55K
2026-04-151.91%3.1M163.4M964.13K
2026-03-311.75%2.9M163.8M983.19K
2026-03-131.85%3.0M163.8M1.04M
2026-02-271.87%3.1M163.8M1.04M
2026-02-132.46%4.0M163.8M1.01M
2026-01-301.85%3.0M163.3M1.02M
2026-01-151.39%2.3M163.3M1.01M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call170122125.6109.52.1521.000.000.997-0.0350.004
call175117120.60.002.0530.000.000.997-0.0360.004
call180112115.7101.61.9821.000.000.997-0.0360.004
call185107110.796.701.8881.000.000.997-0.0360.004
call190102105.791.601.7952.000.000.996-0.0370.004
call19597.00100.786.901.7051.000.000.996-0.0370.005
call20092.1095.7090.001.6171.000.000.996-0.0370.005
call21082.1085.8080.001.46523.000.000.972-0.2030.029
call22072.1075.6057.201.2611.000.000.969-0.1990.032
call23062.1065.6048.801.1032.000.000.965-0.1940.035
call24052.9055.4035.500.9163.000.000.960-0.1880.040
call25042.6045.4026.820.76821.000.000.947-0.2000.049
call26033.0035.7018.200.6609.000.000.936-0.1890.057
call27022.7025.9025.010.52856.003.000.901-0.2150.080
call28013.6016.7015.810.42968.003.000.772-0.3620.138
call2906.709.306.620.3882580.000.603-0.4070.176
call3002.204.503.250.3821102.000.382-0.3860.174
call3100.501.601.050.36158.0010.000.194-0.2730.126
call3200.000.550.400.36876.003.000.081-0.1490.069
call3300.001.400.410.4681770.000.061-0.1480.055
call3400.000.500.100.5492300.000.049-0.1460.047
call3500.001.300.010.63531.000.000.044-0.1530.042
call3600.001.300.050.71619.000.000.039-0.1590.039
call3700.001.300.000.7930.000.000.036-0.1640.036
call3800.001.500.000.8670.000.000.034-0.1680.034
call3900.001.651.130.9382.000.000.031-0.1720.032
call4000.001.301.221.0062.000.000.030-0.1760.031
call4100.002.150.001.0710.000.000.028-0.1790.029
call4200.002.150.001.1350.000.000.027-0.1830.028
put1700.002.150.001.3110.000.00-0.003-0.0280.004
put1750.002.150.001.2470.000.00-0.003-0.0270.004
put1800.002.150.001.1840.000.00-0.003-0.0270.004
put1850.002.150.001.1230.000.00-0.003-0.0270.004
put1900.002.150.351.0644.000.00-0.003-0.0270.004
put1950.001.300.001.0050.000.00-0.003-0.0270.005
put2000.001.300.110.94934.000.00-0.004-0.0260.005
put2100.001.150.051.18332.001.00-0.027-0.1910.029
put2200.001.350.541.04223.000.00-0.031-0.1860.032
put2300.001.450.210.90721.000.00-0.035-0.1790.035
put2400.050.600.150.77436.004.00-0.040-0.1720.040
put2500.001.550.080.6661,3385.00-0.052-0.1830.049
put2600.000.400.130.5351361.00-0.064-0.1710.057
put2700.050.900.450.4311,83815.00-0.099-0.1960.080
put2800.752.854.500.45039.000.00-0.227-0.3420.138
put2902.605.403.150.4021912.00-0.397-0.3860.176
put3007.6010.408.700.38514.002.00-0.618-0.3640.174
put31015.7018.4027.200.4356.000.00-0.805-0.2500.126
put32024.6028.100.000.5520.000.00-0.919-0.1250.069
put33034.6037.9057.500.6580.000.00-0.938-0.1220.055
put34044.6048.1053.000.7920.000.00-0.950-0.1190.047
put35054.9058.1062.700.9000.000.00-0.956-0.1250.042
put36064.6068.100.001.0010.000.00-0.960-0.1300.039
put37074.9078.000.001.0850.000.00-0.963-0.1340.036
put38084.6088.100.001.1880.000.00-0.966-0.1370.034
put39094.6098.100.001.2760.000.00-0.968-0.1400.032
put400104.61080.001.3460.000.00-0.970-0.1430.031
put410114.6118.10.001.4400.000.00-0.972-0.1450.029
put420124.6128.10.001.5180.000.00-0.973-0.1470.028

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-104Statement of changes in beneficial ownership of securities2026-11-09SEC
2026-11-064Statement of changes in beneficial ownership of securities2026-11-05SEC
2026-11-034Statement of changes in beneficial ownership of securities2026-11-03SEC
2026-10-2810-QQuarterly report pursuant to Section 13 or 15(d)2026-09-26SEC
2026-10-288-KCurrent report2026-10-28SEC
2026-10-13SCHEDULE 13G/ASEC
2026-08-204Statement of changes in beneficial ownership of securities2026-08-18SEC
2026-08-194Statement of changes in beneficial ownership of securities2026-08-17SEC
2026-08-18144Filing for proposed sale of securities under Rule 144.SEC
2026-08-114Statement of changes in beneficial ownership of securities2026-08-10SEC
2026-08-054Statement of changes in beneficial ownership of securities2026-08-03SEC
2026-08-044Statement of changes in beneficial ownership of securities2026-08-04SEC
2026-08-044Statement of changes in beneficial ownership of securities2026-08-03SEC
2026-07-31144Filing for proposed sale of securities under Rule 144.SEC
2026-07-31144Filing for proposed sale of securities under Rule 144.SEC
2026-07-314Statement of changes in beneficial ownership of securities2026-07-31SEC
2026-07-29144Filing for proposed sale of securities under Rule 144.SEC
2026-07-2910-QQuarterly report pursuant to Section 13 or 15(d)2026-06-27SEC
2026-07-298-KCurrent report2026-07-29SEC
2026-07-10SCHEDULE 13G/ASEC
2026-07-09SCHEDULE 13G/ASEC
2026-06-2511-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC
2026-06-124Statement of changes in beneficial ownership of securities2026-06-11SEC
2026-06-124Statement of changes in beneficial ownership of securities2026-06-11SEC
2026-06-09144Filing for proposed sale of securities under Rule 144.SEC
2026-06-094/A2026-06-09SEC
2026-06-094Statement of changes in beneficial ownership of securities2026-06-05SEC
2026-06-094Statement of changes in beneficial ownership of securities2026-06-05SEC
2026-06-094Statement of changes in beneficial ownership of securities2026-06-05SEC
2026-06-084Statement of changes in beneficial ownership of securities2026-06-05SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-08002.98M1
2026-07001.83M3
2026-0600645.29K2
2026-0500262.37K1
2026-040000
2026-0300310.65K1
2026-020010.42M8
2026-0100773.87K1
2025-12002.66M2
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.7.69%
VANGUARD CAPITAL MANAGEMENT LLC5.55%
VANGUARD PORTFOLIO MANAGEMENT LLC4.18%
STATE STREET CORP3.66%
Artisan Partners Limited Partnership2.74%
GEODE CAPITAL MANAGEMENT, LLC2.67%
FMR LLC2.24%
NORGES BANK1.03%
ALLIANCEBERNSTEIN L.P.0.99%
MORGAN STANLEY0.98%

Funds

Fund% owned
VANGUARD TOTAL STOCK MARKET INDEX FUND2.70%
VANGUARD 500 INDEX FUND2.20%
Artisan International Value Fund2.16%
VANGUARD MID-CAP INDEX FUND1.84%
iShares Core S&P 500 ETF1.17%
Fidelity 500 Index Fund1.10%
SPDR S&P 500 ETF TRUST1.03%
VANGUARD VALUE INDEX FUND0.81%
iShares MSCI USA Quality Factor ETF0.75%
VANGUARD MID-CAP GROWTH INDEX FUND0.65%

OakChart. GRMN. Cached 15 minutes.