Garmin Ltd (GRMN) — Free Cash Flow Generation Index
Garmin Ltd (GRMN) has a Free Cash Flow Generation Index of 0.62x as of June 2026. Free cash flow of $210.15 Million represents 1% of operating cash flow ($337.93 Million). Explore reinvestment intensity of Garmin Ltd to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Garmin Ltd Free Cash Flow Generation Index (1999–2025)
Historical FCF Generation Index trend for Garmin Ltd across 27 annual periods. For the full cash flow conversion analysis, see GRMN cash generation efficiency.
Annual Free Cash Flow Generation for Garmin Ltd (1999–2025)
Year-by-year Free Cash Flow Generation Index for Garmin Ltd. Check GRMN total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |