Garmin Ltd. (GRMN)

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190.61

1.65 (0.87%)

At close: Apr 17, 2025, 3:59 PM

196.55

3.12%

After-hours: Apr 17, 2025, 08:00 PM EDT

Garmin Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016
Period Ending	Dec 28, 2024	Sep 28, 2024	Jun 29, 2024	Mar 30, 2024	Dec 30, 2023	Sep 30, 2023	Jul 1, 2023	Apr 1, 2023	Dec 31, 2022	Sep 24, 2022	Jun 25, 2022	Mar 26, 2022	Dec 25, 2021	Sep 25, 2021	Jun 26, 2021	Mar 27, 2021	Dec 26, 2020	Sep 26, 2020	Jun 27, 2020	Mar 28, 2020	Dec 28, 2019	Sep 28, 2019	Jun 29, 2019	Mar 30, 2019	Dec 29, 2018	Sep 29, 2018	Jun 30, 2018	Mar 31, 2018	Dec 30, 2017	Sep 30, 2017	Jul 1, 2017	Apr 1, 2017	Dec 31, 2016	Sep 24, 2016	Jun 25, 2016	Mar 26, 2016
Revenue	6.3B	5.96B	5.65B	5.46B	5.23B	5.05B	4.92B	4.84B	4.86B	4.95B	5B	5.08B	4.98B	4.94B	4.86B	4.4B	4.19B	3.94B	3.76B	3.85B	3.76B	3.59B	3.46B	3.4B	3.35B	3.3B	3.24B	3.16B	3.09B	3.06B	3.04B	3.03B	3.02B	2.94B	2.9B	2.86B
Cost of Revenue	2.6B	2.48B	2.39B	2.31B	2.22B	2.17B	2.09B	2.04B	2.05B	2.11B	2.14B	2.17B	2.09B	2.03B	1.98B	1.79B	1.71B	1.61B	1.53B	1.56B	1.52B	1.44B	1.41B	1.4B	1.37B	1.37B	1.35B	1.32B	1.3B	1.3B	1.31B	1.32B	1.34B	1.32B	1.32B	1.32B
Gross Profit	3.7B	3.48B	3.26B	3.15B	3B	2.89B	2.83B	2.8B	2.81B	2.83B	2.86B	2.91B	2.89B	2.91B	2.88B	2.62B	2.48B	2.33B	2.23B	2.29B	2.23B	2.14B	2.06B	2B	1.98B	1.93B	1.88B	1.84B	1.78B	1.75B	1.73B	1.71B	1.68B	1.62B	1.58B	1.53B
Operating Income	1.59B	1.42B	1.25B	1.19B	1.09B	932.85M	901.85M	910.24M	941.81M	1.08B	1.12B	1.2B	1.22B	1.27B	1.31B	1.13B	1.05B	959.5M	903.85M	971.69M	945.59M	891.74M	826.24M	787.52M	778.34M	735.04M	708.88M	694.72M	668.86M	649.3M	639.13M	636.45M	623.91M	609.86M	575.7M	541.69M
Interest Income	113.52M	105.98M	96.96M	86.43M	77.3M	68.77M	59.44M	49.17M	40.83M	33.52M	29.95M	28.47M	28.57M	28.31M	29.19M	32.63M	37M	43.33M	47.86M	51.14M	52.82M	54.59M	53.37M	50.63M	47.15M	42.3M	40.42M	38.71M	36.93M	36.23M	35.25M	34.42M	33.41M	31.47M	30.09M	29.06M
Pretax Income	1.7B	1.56B	1.36B	1.31B	1.2B	1.15B	1.09B	1.05B	1.06B	1.04B	1.1B	1.19B	1.21B	1.29B	1.35B	1.18B	1.1B	999.36M	920.41M	998.59M	987.22M	931.68M	875.24M	835.53M	823.25M	771.87M	756.6M	748.58M	682.29M	670.36M	634.07M	609.82M	629.67M	613.66M	628.78M	598.54M
Net Income	1.41B	1.52B	1.38B	1.36B	1.29B	1.04B	994.39M	964.32M	973.59M	966.45M	1.01B	1.07B	1.08B	1.13B	1.18B	1.05B	992.33M	1.02B	934.02M	973.49M	952.49M	781.85M	738.19M	704.88M	694.08M	642.71M	609.57M	596.21M	705.24M	703.06M	677.04M	661.13M	510.81M	506.59M	500.84M	477.53M
Selling & General & Admin	1.11B	1.09B	1.06B	1.03B	1.01B	983.73M	969.54M	953.41M	944M	917.13M	893.92M	868.05M	831.82M	816.65M	793.43M	746.03M	721.41M	702.29M	683.73M	692.69M	683.02M	663.43M	651.8M	645.59M	633.57M	639.82M	628.26M	611.47M	602.67M	597.09M	592.76M	593.43M	587.7M	567.06M	568.09M	563.5M
Research & Development	993.6M	972.09M	944.5M	925.75M	904.7M	883.16M	870.28M	847.41M	834.93M	840.99M	846.35M	845.82M	840.02M	817.92M	778.75M	743.51M	705.69M	668.02M	641.7M	624.84M	605.37M	588.52M	578.94M	571.77M	567.81M	555.2M	545.85M	531.39M	511.63M	508.03M	494.85M	481.96M	467.96M	445.02M	434.36M	429.25M
Other Expenses	808K	1.06M	2M	4.58M	4.46M	8.06M	7.41M	5.52M	7.58M	5.07M	5.62M	6.64M	4.87M	4.34M	5.23M	7.28M	9.35M	10.57M	9.14M	8.3M	5.62M	2.14M	2.99M	5.5M	5.37M	6.69M	4.03M	-578K	-913K	287K	3.15M	3.25M	4.01M	11.63M	12.29M	11.84M
Operating Expenses	2.1B	2.06B	2.01B	1.96B	1.91B	1.87B	1.84B	1.8B	1.78B	1.76B	1.74B	1.71B	1.67B	1.63B	1.57B	1.49B	1.43B	1.37B	1.33B	1.32B	1.29B	1.25B	1.23B	1.22B	1.2B	1.2B	1.17B	1.14B	1.11B	1.11B	1.09B	1.08B	1.06B	1.01B	1B	992.75M
Interest Expense	n/a	n/a	n/a	n/a	n/a	14.31M	14.31M	14.31M	21.86M	14.56M	21.45M	28.47M	28.57M	28.31M	29.19M	32.63M	37M	43.33M	47.86M	51.14M	52.82M	54.59M	53.37M	50.63M	47.15M	42.3M	40.42M	38.71M	36.93M	36.23M	35.25M	34.42M	33.41M	31.47M	30.09M	29.06M
Selling & Marketing Expenses	n/a	61.26M	96.42M	142.76M	173.11M	169.51M	167.24M	164.25M	168.04M	171.5M	175.32M	174.9M	171.83M	171.84M	169M	155.35M	151.17M	152.68M	151.48M	163.72M	164.45M	157.2M	155.67M	157.7M	155.39M	158.71M	160.02M	158.48M	164.69M	173.69M	174.19M	176.44M	177.14M	166.25M	170.19M	171.73M
Cost & Expenses	4.7B	4.54B	4.4B	4.27B	4.14B	4.03B	3.93B	3.84B	3.83B	3.87B	3.88B	3.89B	3.76B	3.67B	3.55B	3.28B	3.13B	2.98B	2.86B	2.88B	2.81B	2.7B	2.64B	2.62B	2.57B	2.57B	2.53B	2.46B	2.42B	2.41B	2.4B	2.4B	2.39B	2.33B	2.32B	2.32B
Income Tax Expense	283.96M	44.47M	-20.34M	-57.65M	-89.28M	106.41M	93.5M	86.56M	91.39M	77.49M	84.41M	118.38M	124.6M	159.81M	166.76M	125.11M	111.08M	-20.21M	-13.61M	25.1M	34.74M	149.84M	137.05M	130.65M	129.17M	129.16M	150.69M	162.06M	-12.66M	-22.42M	-36.35M	-50.72M	118.86M	107.06M	127.94M	121.01M
Shares Outstanding (Basic)	192.07M	192.2M	192.07M	191.89M	191.36M	191.44M	191.29M	191.5M	191.61M	192.67M	193.07M	192.89M	192.35M	192.32M	192.15M	191.9M	191.28M	191.23M	191.02M	190.8M	190.16M	190.1M	189.85M	189.6M	188.88M	188.8M	188.54M	188.32M	187.61M	187.62M	187.76M	188.33M	188.23M	188.69M	188.89M	189.5M
Shares Outstanding (Diluted)	193.76M	193.17M	192.9M	192.7M	192.56M	191.87M	191.6M	191.89M	192.1M	193.1M	193.45M	193.58M	193.31M	193.19M	192.87M	192.81M	192.3M	192M	191.6M	191.68M	191.22M	190.96M	190.71M	190.6M	190.18M	190M	189.46M	189.29M	188.91M	188.49M	188.49M	189.03M	189.17M	189.24M	189.36M	189.65M
EPS (Basic)	7.36	7.92	7.18	7.12	6.74	5.44	5.19	5.02	5.06	5.02	5.28	5.59	5.64	5.89	6.18	5.49	5.18	5.34	4.90	5.12	5.02	4.13	3.91	3.74	3.69	3.42	3.25	3.18	3.76	3.75	3.60	3.51	2.70	2.67	2.64	2.51
EPS (Diluted)	7.31	7.88	7.15	7.09	6.71	5.42	5.17	5.00	5.04	4.99	5.24	5.55	5.60	5.85	6.14	5.46	5.16	5.32	4.88	5.09	4.99	4.10	3.88	3.71	3.65	3.38	3.21	3.15	3.73	3.72	3.58	3.49	2.69	2.67	2.64	2.51
EBITDA	1.73B	1.6B	1.43B	1.37B	1.27B	1.11B	1.07B	1.08B	1.11B	1.24B	1.28B	1.36B	1.37B	1.43B	1.45B	1.26B	1.18B	1.08B	1.01B	1.08B	1.05B	990.38M	924.94M	884.58M	874.54M	829.07M	804.37M	792.52M	765.92M	747.61M	733.74M	725.01M	710.25M	692.37M	657.43M	621.38M
EBIT	1.65B	1.47B	1.3B	1.22B	1.09B	1.02B	968.78M	977.16M	1.01B	1.06B	1.12B	1.2B	1.22B	1.27B	1.31B	1.13B	1.05B	959.5M	903.85M	971.69M	945.59M	891.74M	826.24M	787.52M	778.34M	735.04M	712.73M	704.85M	679.67M	660.11M	646.08M	637.13M	623.91M	609.86M	575.7M	541.69M
Depreciation & Amortization	133.19M	178.53M	178.91M	178.98M	177.57M	173.73M	168.6M	166.06M	163.85M	163.41M	163M	159.14M	154.82M	150.36M	143.86M	135.4M	126.72M	118.67M	112.97M	110.37M	106.17M	102.33M	98.71M	97.06M	96.19M	94.03M	91.64M	87.67M	86.25M	87.5M	87.66M	87.88M	86.34M	82.52M	81.74M	79.69M