Company / R&D Expense
Garmin R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$1.1B
FY2025
5-year range
$778.8M / $1.1B
FY2021-FY2025
Trend
+13.3%
vs FY2024
Sector context
#9 of 52
Consumer Discretionary
What the data says
Garmin's r&d expense of $1.1B is higher than 83% of companies in the Consumer Discretionary sector (FY2025). R&D Expense has increased for 9 consecutive years, from $468M in FY2016 to $1.1B in FY2025.
Based on SEC 10-K filings.
$1.1B in FY2025 with a 5-year CAGR of +11.5%. Top quartile in the Consumer Discretionary sector.
Improved from $905M to $1.1B over the past 2 years.
Consumer Discretionary sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +10.5%
- 5-Year CAGR
- +11.5%
- 10-Year CAGR
- -
Sector benchmark
+75.5% above sector average
Key checks
Key Insights
- Garmin's r&d expense has grown for 9 consecutive years.
- 5-year CAGR of +11.5%, indicating consistent growth.
- In FY2025, r&d expense increased 13.3% year-over-year.
- Ranks #9 out of 52 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 | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.1B | +13.3% |
| FY2024 | $993.6M | +9.8% |
| FY2023 | $904.7M | +8.4% |
| FY2022 | $834.9M | +7.2% |
| FY2021 | $778.8M | +19.4% |
| FY2020 | $652.3M | +7.8% |
| FY2019 | $605.4M | +6.6% |
| FY2018 | $567.8M | +11.0% |
| FY2017 | $511.6M | +9.3% |
| FY2016 | $468.0M | +9.6% |
As of FY2025 · SEC 10-K · Updated Mar 8, 2026