Garmin Ltd (GRMN) — Free Cash Flow Generation Index
Latest as of December 2025:
0.78x
Garmin Ltd (GRMN) has a Free Cash Flow Generation Index of 0.78x as of December 2025. Free cash flow of $429.61 Million represents 1% of operating cash flow ($553.78 Million). See GRMN working capital ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
0.78x
Free Cash Flow / Operating CF
Free Cash Flow
$429.61 Million
USD
Operating Cash Flow
$553.78 Million
USD
Capital Expenditures
$124.17 Million
USD
Garmin Ltd Free Cash Flow Generation Index (1999–2025)
Historical FCF Generation Index trend for Garmin Ltd across 27 annual periods. Explore cash flow to debt ratio of Garmin Ltd to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Garmin Ltd (1999–2025)
Year-by-year Free Cash Flow Generation Index for Garmin Ltd. For the full company profile including market capitalisation, see GRMN market cap overview.
| Year | FCG Index | Free Cash Flow (USD) | 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 | ▲ +0.8% |
| 2023 | 0.86x | $1.18 Billion | $1.38 Billion | $195.03 Million | ▲ +24.8% |
| 2022 | 0.69x | $542.07 Million | $788.26 Million | $246.19 Million | ▼ -0.9% |
| 2021 | 0.69x | $702.84 Million | $1.01 Billion | $309.59 Million | ▼ -16.8% |
| 2020 | 0.83x | $947.80 Million | $1.14 Billion | $187.47 Million | ▲ +0.9% |
| 2019 | 0.83x | $578.14 Million | $698.55 Million | $120.41 Million | ▲ +0.2% |
| 2018 | 0.83x | $759.16 Million | $919.52 Million | $160.35 Million | ▲ +7.2% |
| 2017 | 0.77x | $508.91 Million | $660.84 Million | $151.93 Million | ▼ -10.8% |
| 2016 | 0.86x | $609.01 Million | $705.68 Million | $96.67 Million | ▲ +23.5% |
| 2015 | 0.70x | $195.99 Million | $280.47 Million | $84.48 Million | ▼ -17.9% |
| 2014 | 0.85x | $444.65 Million | $522.71 Million | $78.06 Million | ▼ -6.4% |
| 2013 | 0.91x | $572.88 Million | $630.08 Million | $57.20 Million | ▼ -2.6% |
| 2012 | 0.93x | $639.52 Million | $684.75 Million | $45.23 Million | ▼ -1.7% |
| 2011 | 0.95x | $781.16 Million | $822.33 Million | $41.17 Million | ▼ -0.4% |
| 2010 | 0.95x | $734.66 Million | $770.64 Million | $35.98 Million | ▲ +0.5% |
| 2009 | 0.95x | $1.04 Billion | $1.09 Billion | $56.77 Million | ▲ +11.1% |
| 2008 | 0.85x | $735.57 Million | $862.16 Million | $126.59 Million | ▲ +11.4% |
| 2007 | 0.77x | $522.39 Million | $682.09 Million | $159.70 Million | ▲ +4.3% |
| 2006 | 0.73x | $265.83 Million | $361.86 Million | $96.02 Million | ▼ -17.5% |
| 2005 | 0.89x | $219.88 Million | $247.00 Million | $27.13 Million | ▲ +42.2% |
| 2004 | 0.63x | $130.79 Million | $208.94 Million | $78.14 Million | ▼ -23.0% |
| 2003 | 0.81x | $142.41 Million | $175.18 Million | $32.77 Million | ▼ -12.5% |
| 2002 | 0.93x | $162.98 Million | $175.41 Million | $12.42 Million | ▲ +4.9% |
| 2001 | 0.89x | $115.11 Million | $129.99 Million | $14.88 Million | ▲ +23.2% |
| 2000 | 0.72x | $63.50 Million | $88.32 Million | $24.82 Million | ▲ +162.5% |
| 1999 | 0.27x | $12.15 Million | $44.34 Million | $32.20 Million | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).