GARMIN LTD (GRMN) Spending and interest coverage
- R&D / revenue · 12 months: Value 15.46%; Formula and calculation Research and development expense / revenue. Period ending 2026-03-28..
- Stock-based compensation / revenue · 12 months: Value 2.30%; Formula and calculation Share-based compensation / revenue. Period ending 2026-03-28..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-03-28; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | 15.46% | Research and development expense / revenue. Period ending 2026-03-28. $1.15B ÷ $7.46B × 100 ≈ 15.46% |
| Stock-based compensation / revenue · 12 months | 2.30% | Share-based compensation / revenue. Period ending 2026-03-28. $171.55M ÷ $7.46B × 100 ≈ 2.30% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | 1.15B USD | Research and Development Expense |
| Revenue | 7.46B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 171.55M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | 1.97B USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-03-28 | $1.15B | $7.46B | $171.55M | $1.97B | (m) | 15.46% | 2.30% | (m) | (m) |
| 2025-12-27 | $1.13B | $7.25B | $166.00M | $1.88B | (m) | 15.54% | 2.29% | (m) | (m) |
| 2025-09-27 | $1.09B | $6.94B | $161.13M | $1.78B | (m) | 15.70% | 2.32% | (m) | (m) |
| 2025-06-28 | $1.05B | $6.76B | $153.46M | $1.76B | (m) | 15.58% | 2.27% | (m) | (m) |
| 2025-03-29 | $1.02B | $6.45B | $144.22M | $1.63B | (m) | 15.80% | 2.24% | (m) | (m) |
| 2024-12-28 | $993.60M | $6.30B | $137.16M | $1.59B | (m) | 15.78% | 2.18% | (m) | (m) |
| 2024-09-28 | $972.09M | $5.96B | $136.25M | $1.42B | (m) | 16.32% | 2.29% | (m) | (m) |
| 2024-06-29 | $944.50M | $5.65B | $124.01M | $1.25B | (m) | 16.72% | 2.20% | (m) | (m) |
| 2024-03-30 | $925.75M | $5.46B | $111.41M | $1.19B | (m) | 16.95% | 2.04% | (m) | (m) |
| 2023-12-30 | $904.70M | $5.23B | $101.42M | $1.09B | (m) | 17.30% | 1.94% | (m) | (m) |
| 2023-09-30 | $883.16M | $5.05B | $85.14M | $1.02B | (m) | 17.48% | 1.69% | (m) | (m) |
| 2023-07-01 | $870.28M | $4.92B | $80.44M | $987.88M | (m) | 17.71% | 1.64% | (m) | (m) |
| 2023-04-01 | $847.41M | $4.84B | $72.83M | $996.27M | (m) | 17.53% | 1.51% | (m) | (m) |
| 2022-12-31 | $834.93M | $4.86B | $76.80M | $1.03B | (m) | 17.18% | 1.58% | (m) | (m) |
| 2022-09-24 | $885.44M | $4.95B | $81.74M | $1.08B | (m) | 17.90% | 1.65% | (m) | (m) |
| 2022-06-25 | $875.68M | $5.00B | $86.98M | $1.12B | (m) | 17.52% | 1.74% | (m) | (m) |
| 2022-03-26 | $860.18M | $5.08B | $94.53M | $1.20B | (m) | 16.92% | 1.86% | (m) | (m) |
| 2021-12-25 | $840.02M | $4.98B | $92.52M | $1.22B | (m) | 16.86% | 1.86% | (m) | (m) |
| 2021-09-25 | $817.92M | $4.94B | $96.03M | $1.27B | (m) | 16.55% | 1.94% | (m) | (m) |
| 2021-06-26 | $778.75M | $4.86B | $94.70M | $1.31B | (m) | 16.02% | 1.95% | (m) | (m) |
| 2021-03-27 | $743.51M | $4.40B | (m) | $1.13B | (m) | 16.89% | (m) | (m) | (m) |
| 2020-12-26 | $705.68M | $4.19B | $80.89M | $1.05B | (m) | 16.86% | 1.93% | (m) | (m) |
| 2020-09-26 | $668.02M | $3.94B | $69.36M | $959.50M | (m) | 16.97% | 1.76% | (m) | (m) |
| 2020-06-27 | $641.70M | $3.76B | $63.92M | $903.85M | (m) | 17.05% | 1.70% | (m) | (m) |
| 2020-03-28 | $624.84M | $3.85B | $63.83M | $971.68M | (m) | 16.24% | 1.66% | (m) | (m) |
| 2019-12-28 | $605.37M | $3.76B | $63.40M | $945.59M | (m) | 16.11% | 1.69% | (m) | (m) |
| 2019-09-28 | $588.52M | (m) | $61.85M | $891.74M | (m) | (m) | (m) | (m) | (m) |
| 2019-06-29 | $578.94M | (m) | $59.60M | $826.24M | (m) | (m) | (m) | (m) | (m) |
| 2019-03-30 | $571.77M | (m) | $58.08M | $787.52M | (m) | (m) | (m) | (m) | (m) |
| 2018-12-29 | $567.80M | (m) | $56.39M | $778.34M | (m) | (m) | (m) | (m) | (m) |
| 2018-09-29 | $555.20M | (m) | $54.39M | $724.23M | (m) | (m) | (m) | (m) | (m) |
| 2018-06-30 | $545.85M | (m) | $52.10M | $701.92M | (m) | (m) | (m) | (m) | (m) |
| 2018-03-31 | $531.39M | $3.16B | $49.97M | $694.03M | (m) | 16.84% | 1.58% | (m) | (m) |
| 2017-12-30 | $511.63M | $3.09B | $44.73M | $668.86M | (m) | 16.57% | 1.45% | (m) | (m) |
| 2017-09-30 | $508.04M | $3.06B | $44.48M | $649.30M | (m) | 16.61% | 1.45% | (m) | (m) |
| 2017-07-01 | $494.85M | $3.04B | $42.13M | $639.13M | (m) | 16.29% | 1.39% | (m) | (m) |
| 2017-04-01 | $481.96M | $3.03B | $41.28M | $636.45M | (m) | 15.89% | 1.36% | (m) | (m) |
| 2016-12-31 | $467.96M | $3.02B | $41.25M | $623.91M | (m) | 15.50% | 1.37% | (m) | (m) |
| 2016-09-24 | $445.02M | $2.94B | $35.91M | $609.86M | (m) | 15.14% | 1.22% | (m) | (m) |
| 2016-06-25 | $434.36M | $2.90B | $31.05M | $575.70M | (m) | 15.00% | 1.07% | (m) | (m) |
| 2016-03-26 | $429.25M | $2.86B | $26.69M | $541.69M | (m) | 15.01% | 0.93% | (m) | (m) |
| 2015-12-26 | $427.04M | $2.82B | $26.29M | $549.58M | (m) | 15.14% | 0.93% | (m) | (m) |
| 2015-09-26 | $422.58M | $2.84B | $24.90M | $579.82M | (m) | 14.87% | 0.88% | (m) | (m) |
| 2015-06-27 | $415.80M | $2.87B | $25.58M | $629.87M | (m) | 14.49% | 0.89% | (m) | (m) |
| 2015-03-28 | $404.96M | $2.87B | $25.74M | $681.96M | (m) | 14.10% | 0.90% | (m) | (m) |
| 2014-12-27 | $395.12M | $2.87B | $24.29M | $690.63M | (m) | 13.76% | 0.85% | (m) | (m) |
| 2014-09-27 | $386.14M | $2.83B | $25.97M | $687.10M | (m) | 13.66% | 0.92% | (m) | (m) |
| 2014-06-28 | $375.57M | $2.76B | $25.07M | $663.34M | (m) | 13.59% | 0.91% | (m) | (m) |
| 2014-03-29 | $373.40M | $2.68B | $23.48M | $614.48M | (m) | 13.92% | 0.88% | (m) | (m) |
| 2013-12-28 | $364.92M | $2.63B | $22.59M | $574.03M | (m) | 13.87% | 0.86% | (m) | (m) |
| 2013-09-28 | $355.61M | $2.64B | $18.52M | $551.32M | (m) | 13.47% | 0.70% | (m) | (m) |
| 2013-06-29 | $349.67M | $2.67B | $22.21M | $559.63M | (m) | 13.10% | 0.83% | (m) | (m) |
| 2013-03-30 | $333.74M | $2.69B | $24.87M | $593.75M | (m) | 12.40% | 0.92% | (m) | (m) |
| 2012-12-29 | $325.77M | $2.72B | $29.27M | $604.16M | (m) | 12.00% | 1.08% | (m) | (m) |
| 2012-09-29 | $327.16M | $2.86B | $39.32M | $654.49M | (m) | 11.45% | 1.38% | (m) | (m) |
| 2012-06-30 | $317.61M | $2.85B | $40.94M | $641.76M | (m) | 11.14% | 1.44% | (m) | (m) |
| 2012-03-31 | $307.82M | $2.81B | $41.39M | $569.35M | (m) | 10.97% | 1.47% | (m) | (m) |
| 2011-12-31 | $298.58M | $2.76B | $40.21M | $553.77M | (m) | 10.82% | 1.46% | (m) | (m) |
| 2011-09-24 | $285.86M | $2.69B | (m) | $538.33M | (m) | 10.64% | (m) | (m) | (m) |
| 2011-06-25 | $282.44M | $2.71B | (m) | $557.63M | (m) | 10.41% | (m) | (m) | (m) |
| 2011-03-26 | $285.26M | $2.77B | (m) | $628.08M | (m) | 10.31% | (m) | (m) | (m) |
| 2010-12-25 | $277.26M | $2.69B | (m) | $636.68M | $1.25M | 10.31% | (m) | 510.98× | Reported |
| 2010-09-25 | $276.92M | $2.91B | (m) | $744.04M | (m) | 9.51% | (m) | (m) | (m) |
| 2010-06-26 | $262.91M | $3.00B | (m) | $814.29M | (m) | 8.76% | (m) | (m) | (m) |
| 2010-03-27 | $245.83M | $2.94B | (m) | $811.40M | (m) | 8.36% | (m) | (m) | (m) |
| 2009-12-26 | $238.38M | $2.95B | (m) | $786.01M | $0.00 | 8.09% | (m) | (m) | Reported |
| 2009-09-26 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-27 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-03-28 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-27 | $206.11M | $3.49B | (m) | $862.02M | $607.00K | 5.90% | (m) | 1420.13× | Reported |
| 2008-09-27 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-06-28 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2007-12-29 | $159.41M | $3.18B | (m) | $907.35M | $207.00K | 5.01% | (m) | 4383.34× | Reported |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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