Company / Accounts Receivable
Garmin Accounts Receivable History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Accounts Receivable
$1.3B
FY2025
5-year range
$656.8M / $1.3B
FY2021-FY2025
Trend
+27.4%
vs FY2024
Sector context
#18 of 176
Consumer Discretionary
What the data says
Among 176 Consumer Discretionary companies, Garmin is in the top 10% for accounts receivable. Accounts Receivable has increased for 3 consecutive years, from $657M in FY2022 to $1.3B in FY2025.
Based on SEC 10-K filings.
$1.3B in FY2025 with a 5-year CAGR of +8.1%. Top quartile in the Consumer Discretionary sector.
Improved from $815M to $1.3B over the past 2 years.
Consumer Discretionary sector context is included.
Accounts Receivable over time
Growth rates
- 3-Year CAGR
- +24.0%
- 5-Year CAGR
- +8.1%
- 10-Year CAGR
- -
Sector benchmark
+26.6% above sector average
Key checks
Key Insights
- Garmin's accounts receivable has grown for 3 consecutive years.
- 5-year CAGR of +8.1%, indicating consistent growth.
- In FY2025, accounts receivable increased 27.4% year-over-year.
- Ranks #18 out of 176 companies in the Consumer Discretionary sector.
Company context
Key Data Points
- Altman Z-Score 3.88 (safe zone, above 2.9 threshold)
- Strong profit margin: 22.6%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Accounts ReceivableValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.3B | +27.4% |
| FY2024 | $983.4M | +20.6% |
| FY2023 | $815.2M | +24.1% |
| FY2022 | $656.8M | -22.1% |
| FY2021 | $843.4M | -0.7% |
| FY2020 | $849.5M | +20.2% |
| FY2019 | $706.8M | +24.0% |
| FY2018 | $569.8M | -3.6% |
| FY2017 | $590.9M | +12.1% |
| FY2016 | $527.1M | -0.8% |
As of FY2025 · SEC 10-K · Updated Mar 8, 2026