Garmin Statistics and Revenue Totals for 2024
Last Updated on: January 14th, 2024
Here are a few of the most interesting Garmin statistics and facts I was able to dig up including restaurant count, revenue totals and employee counts. As always, be sure to check back in the future as I will be updating this post as new and updated stats become available.
Garmin Facts
Here is pretty much everything you ever wanted to know about Garmin.
- Website: Official Website
- Year Founded: 1989
- Headquarters: Olathe, Kansas
- Founder(s): Gary Burrell and Min Kao
- Current Chief Executive: Cliff Pemble
- Subsidiaries / Brands: Navigon, DeLorme, Navionics
Garmin Ltd. is an American multinational technology company headquartered in Olathe, Kansas. Founded in 1989, Garmin is best known for its global positioning system (GPS) technology and has become a prominent player in the navigation and wearable technology industries.
Garmin develops and manufactures a wide range of products and solutions, including GPS navigation devices for aviation, automotive, marine, outdoor, and fitness activities. Their GPS devices are widely used by pilots, drivers, boaters, hikers, and fitness enthusiasts to track and navigate their routes and activities.In addition to navigation devices, Garmin produces wearable technology, including fitness trackers and smartwatches. Their wearables offer features such as heart rate monitoring, GPS tracking, and connectivity with smartphones, allowing users to monitor their health and fitness levels and receive notifications on their wrists.Garmin has also expanded its offerings into aviation and marine technologies, providing advanced avionics solutions for aircraft and chartplotters, fishfinders, and sonar devices for boating enthusiasts.
Garmin Statistics
Garmin Revenue Totals
Garmin net sales (annual):
- 2022: $4.86 billion
- 2021: $4.982 billion
- 2020: $4.186 billion
- 2019: $3.757 billion
- 2018: $3.347 billion
- 2017: $3.087 billion
- 2016: $3.018 billion
- 2015: $2.820 billion
- 2014: $2.870 billion
- 2013: $2.631 billion
Garmin net income (annual):
- 2022: $1.03 billion
- 2021: $1.082 billion
- 2020: $992 million
- 2019: $952 million
- 2018: $778 million
- 2017: $694.955 million
- 2016: $510.814 million
- 2015: $456.277 million
- 2014: $364.211 million
- 2013: $612.412 million
Please note that some of these numbers are easier to find than others. A few of these Garmin statistics come from their own reports, but some are based on news reports and not official company tallies. No information contained on DMR should be relied upon to make investment decisions. Basically, this is the best I can find and I don’t guarantee anything to be 100%.
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