Garmin Ltd.GRMNNYSE
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R&D Expenses Over TimeExpanding
Percentile Rank100
3Y CAGR+10.5%
5Y CAGR+9.8%
Year-over-Year Change
Research and development spending
3Y CAGR
+10.5%/yr
vs +10.1%/yr prior
5Y CAGR
+9.8%/yr
Consistent
Acceleration
+0.4pp
Accelerating
Percentile
P100
Near historical high
vs 5Y Ago
1.6x
Solid growth
Streak
3 yr
Consecutive growthExpanding
| Period | Value | YoY Change |
|---|---|---|
| 2025 | $1.13B | +13.3% |
| 2024 | $993.60M | +9.8% |
| 2023 | $904.70M | +8.4% |
| 2022 | $834.93M | -0.6% |
| 2021 | $840.02M | +19.0% |
| 2020 | $705.68M | +16.6% |
| 2019 | $605.37M | +6.6% |
| 2018 | $567.80M | +11.0% |
| 2017 | $511.63M | +9.3% |
| 2016 | $467.96M | - |