Garmin Ltd (GEY) — Free Cash Flow Generation Index

Latest as of March 2026: 0.88x

Garmin Ltd (GEY) has a Free Cash Flow Generation Index of 0.88x as of March 2026. Free cash flow of €469.37 Million represents 1% of operating cash flow (€535.99 Million). Explore GEY capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.

FCF Generation Index

0.88x
Free Cash Flow / Operating CF

Free Cash Flow

€469.37 Million
EUR

Operating Cash Flow

€535.99 Million
EUR

Capital Expenditures

€66.62 Million
EUR

Garmin Ltd Free Cash Flow Generation Index (2013–2025)

Historical FCF Generation Index trend for Garmin Ltd across 12 annual periods. For the full cash flow conversion analysis, see GEY cash flow conversion.

Annual Free Cash Flow Generation for Garmin Ltd (2013–2025)

Year-by-year Free Cash Flow Generation Index for Garmin Ltd. Check GEY total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.

Year FCG Index Free Cash Flow (EUR) Operating CF Capital Expenditures YoY Change
2025 0.83x €1.36 Billion €1.63 Billion €270.45 Million ▼ -3.5%
2024 0.86x €1.24 Billion €1.43 Billion €193.57 Million ▲ +0.6%
2023 0.86x €1.18 Billion €1.38 Billion €193.52 Million ▲ +24.5%
2022 0.69x €543.97 Million €788.26 Million €244.29 Million ▼ -0.6%
2021 0.69x €702.84 Million €1.01 Billion €309.59 Million ▼ -40.8%
2019 1.17x €818.96 Million €698.55 Million €120.41 Million ▼ -0.2%
2018 1.17x €1.08 Billion €919.52 Million €160.35 Million ▼ -4.5%
2017 1.23x €812.77 Million €660.84 Million €151.93 Million ▲ +8.2%
2016 1.14x €802.36 Million €705.68 Million €96.67 Million ▼ -11.7%
2015 1.29x €361.06 Million €280.47 Million €80.59 Million ▲ +12.9%
2014 1.14x €596.05 Million €522.71 Million €73.34 Million ▲ +4.7%
2013 1.09x €686.17 Million €630.08 Million €56.08 Million —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).