Is Garmin Stock Outperforming the Dow?

With a market cap of $39.8 billion, Garmin Ltd. (GRMN) is a global leader in designing, manufacturing, and marketing GPS-enabled navigation and communication devices. It operates across five segments: outdoor, fitness, marine, auto, and aviation, offering a diverse portfolio of products ranging from smartwatches and cycling computers to aviation avionics and marine equipment.

Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and Garmin fits this criterion perfectly. Based in Schaffhausen, Switzerland, Garmin serves consumers and businesses worldwide through independent retailers, distributors, OEMs, and online channels.