Garmin Statistics and Revenue Totals (2023)
Last Updated on: June 12th, 2023
Here are a few of the most interesting Garmin statistics I was able to dig up including Garmin 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
- 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
We make products that are engineered on the inside for life on the outside. We do this so our customers can make the most of the time they spend pursuing their passions. With more than 16,000 associates in 82 offices around the world, we bring GPS navigation and wearable technology to the automotive, aviation, marine, outdoor and fitness markets. We think every day is an opportunity to innovate and a chance to beat yesterday. (source)
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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