Garmin Ltd (GRMN) — Cash Flow Quality Index
Garmin Ltd (GRMN) has a Cash Flow Quality Index of 1.05x as of December 2025. Operating cash flow of $553.78 Million exceeds net income of $528.68 Million, indicating high earnings quality where cash backs reported profits. Explore GRMN strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Garmin Ltd Cash Flow Quality Index (1999–2025)
Historical Cash Flow Quality Index for Garmin Ltd across 27 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check GRMN tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Garmin Ltd (1999–2025)
Year-by-year earnings quality comparison for Garmin Ltd. For live market cap and the full company financial profile, see Garmin Ltd (GRMN) market capitalisation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.98x | $1.63 Billion | $1.66 Billion | ▼ -3.3% |
| 2024 | 1.01x | $1.43 Billion | $1.41 Billion | ▼ -4.9% |
| 2023 | 1.07x | $1.38 Billion | $1.29 Billion | ▲ +31.8% |
| 2022 | 0.81x | $788.26 Million | $973.59 Million | ▼ -13.5% |
| 2021 | 0.94x | $1.01 Billion | $1.08 Billion | ▼ -18.2% |
| 2020 | 1.14x | $1.14 Billion | $992.32 Million | ▲ +56.0% |
| 2019 | 0.73x | $698.55 Million | $952.49 Million | ▼ -44.6% |
| 2018 | 1.32x | $919.52 Million | $694.08 Million | ▲ +39.3% |
| 2017 | 0.95x | $660.84 Million | $694.96 Million | ▼ -31.2% |
| 2016 | 1.38x | $705.68 Million | $510.81 Million | ▲ +124.7% |
| 2015 | 0.61x | $280.47 Million | $456.23 Million | ▼ -57.2% |
| 2014 | 1.44x | $522.71 Million | $364.21 Million | ▲ +39.5% |
| 2013 | 1.03x | $630.08 Million | $612.41 Million | ▼ -18.5% |
| 2012 | 1.26x | $684.75 Million | $542.40 Million | ▼ -20.0% |
| 2011 | 1.58x | $822.33 Million | $520.90 Million | ▲ +19.8% |
| 2010 | 1.32x | $770.64 Million | $584.60 Million | ▼ -15.2% |
| 2009 | 1.55x | $1.09 Billion | $703.95 Million | ▲ +32.2% |
| 2008 | 1.18x | $862.16 Million | $732.85 Million | ▲ +47.5% |
| 2007 | 0.80x | $682.09 Million | $855.01 Million | ▲ +13.3% |
| 2006 | 0.70x | $361.86 Million | $514.12 Million | ▼ -11.3% |
| 2005 | 0.79x | $247.00 Million | $311.22 Million | ▼ -21.9% |
| 2004 | 1.02x | $208.94 Million | $205.70 Million | ▲ +3.6% |
| 2003 | 0.98x | $175.18 Million | $178.63 Million | ▼ -20.2% |
| 2002 | 1.23x | $175.41 Million | $142.80 Million | ▲ +7.2% |
| 2001 | 1.15x | $129.99 Million | $113.45 Million | ▲ +37.1% |
| 2000 | 0.84x | $88.32 Million | $105.66 Million | ▲ +21.0% |
| 1999 | 0.69x | $44.34 Million | $64.17 Million | — |