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). Read GEY total liabilities for a breakdown of total debt and financial obligations.
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. Explore Garmin Ltd capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Garmin Ltd (2013–2025)
Year-by-year Free Cash Flow Generation Index for Garmin Ltd. For the full company profile including market capitalisation, see Garmin Ltd market capitalisation.
| 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).