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	1.82B	1.59B	1.51B	1.38B	1.48B	1.28B	1.32B	1.15B	1.31B	1.14B	1.24B	1.17B	1.39B	1.19B	1.33B	1.07B	1.35B	1.11B	869.87M	856.11M	1.1B	934.38M	954.84M	766.05M	932.11M	810.01M	894.45M	710.87M	888.5M	743.08M	816.88M	638.55M	860.77M	722.25M	811.61M	624.04M
Cost of Revenue	742.63M	634.42M	643.78M	579.51M	618.35M	548.96M	561.35M	494.63M	561.39M	469.94M	512.01M	510.18M	619.48M	496.03M	546.05M	430.77M	560.42M	441.21M	354.44M	349.17M	462.78M	366.93M	379.48M	314.35M	382.94M	329.26M	371.18M	284.34M	388.98M	309.41M	339.03M	266.42M	389.99M	316.27M	348.65M	284.19M
Gross Profit	1.08B	951.6M	862.89M	802.14M	864.15M	728.57M	759.44M	652.79M	744.97M	670.5M	728.83M	662.48M	772.11M	695.95M	780.85M	641.56M	790.98M	667.98M	515.43M	506.94M	639.46M	567.46M	575.37M	451.7M	549.17M	480.75M	523.27M	426.54M	499.52M	433.67M	477.86M	372.12M	470.78M	405.98M	462.96M	339.85M
Operating Income	516.08M	437.48M	342.03M	298.41M	340.45M	270.37M	284.36M	196.98M	181.14M	239.37M	292.74M	228.56M	315.12M	282.67M	371.17M	249.66M	371.27M	317.1M	188.39M	177.48M	276.52M	261.46M	256.22M	151.38M	222.67M	195.96M	217.51M	142.2M	179.38M	169.79M	203.35M	116.34M	159.82M	159.62M	200.67M	103.8M
Interest Income	30.38M	28.83M	29.29M	25.03M	22.84M	19.8M	18.76M	15.9M	14.31M	10.47M	8.49M	7.55M	7M	6.9M	7.02M	7.65M	6.74M	7.78M	10.46M	12.03M	13.07M	12.31M	13.73M	13.7M	14.84M	11.09M	10.99M	10.23M	9.99M	9.21M	9.28M	8.44M	9.3M	8.23M	8.46M	7.43M
Pretax Income	516.14M	486.25M	365.97M	327.04M	383.04M	279.57M	315.98M	221.77M	329.88M	220.27M	278.97M	235.86M	308.84M	275.39M	372.06M	250.51M	391.46M	336.72M	197.59M	177.63M	287.41M	257.77M	275.78M	166.26M	231.87M	201.33M	236.07M	153.98M	180.49M	186.06M	228.06M	87.69M	168.56M	149.76M	203.8M	107.55M
Net Income	435.73M	399.11M	300.63M	275.96M	542.13M	257.24M	287.94M	202.33M	293.27M	210.85M	257.87M	211.59M	286.14M	259.04M	317M	220.03M	333.55M	313.42M	184.18M	161.18M	360.79M	227.87M	223.66M	140.17M	190.15M	184.21M	190.34M	129.37M	138.78M	151.07M	176.98M	238.4M	136.6M	125.05M	161.06M	88.09M
Selling & General & Admin	305.09M	264.96M	277.71M	261.19M	286.45M	236.63M	250.69M	234.33M	262.08M	222.43M	234.57M	224.92M	235.21M	199.22M	208.7M	188.68M	220.04M	176M	161.3M	164.07M	200.93M	157.44M	170.26M	154.4M	181.34M	145.81M	164.05M	142.38M	187.59M	134.24M	147.26M	133.58M	182.01M	129.91M	147.93M	127.84M
Research & Development	258.75M	249.16M	243.15M	242.53M	237.25M	221.57M	224.39M	221.49M	215.71M	208.69M	201.52M	209.01M	221.77M	214.06M	200.98M	203.21M	199.67M	174.88M	165.74M	165.39M	162M	148.56M	148.88M	145.92M	145.16M	138.98M	141.71M	141.96M	132.55M	129.63M	127.25M	122.2M	128.95M	116.45M	114.36M	108.2M
Other Expenses	n/a	n/a	-513K	1.32M	254K	938K	2.06M	1.2M	3.86M	285K	170K	3.26M	1.35M	833K	1.2M	1.48M	828K	1.73M	3.24M	3.55M	2.05M	294K	2.41M	864K	-1.43M	1.15M	4.92M	735K	-107K	-1.52M	314K	400K	1.09M	1.34M	415K	1.16M
Operating Expenses	563.84M	514.12M	520.86M	503.73M	523.7M	458.2M	475.09M	455.81M	477.8M	431.13M	436.09M	433.92M	456.99M	413.28M	409.68M	391.9M	419.72M	350.88M	327.04M	329.46M	362.93M	306M	319.14M	300.31M	326.49M	284.79M	305.76M	284.33M	320.14M	263.88M	274.51M	255.78M	310.97M	246.36M	262.28M	236.05M
Interest Expense	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	14.31M	n/a	n/a	7.55M	7M	6.9M	7.02M	7.65M	6.74M	7.78M	10.46M	12.03M	13.07M	12.31M	13.73M	13.7M	14.84M	11.09M	10.99M	10.23M	9.99M	9.21M	9.28M	8.44M	9.3M	8.23M	8.46M	7.43M
Selling & Marketing Expenses	n/a	n/a	n/a	n/a	61.26M	35.16M	46.34M	30.35M	57.66M	32.89M	43.36M	34.13M	61.12M	36.7M	42.94M	31.06M	61.13M	33.87M	29.29M	26.88M	62.65M	32.67M	41.52M	27.61M	55.39M	31.14M	43.55M	25.31M	58.71M	32.45M	42.01M	31.52M	67.7M	32.96M	44.25M	32.23M
Cost & Expenses	1.31B	1.15B	1.16B	1.08B	1.14B	1.01B	1.04B	950.44M	1.04B	901.06M	948.09M	944.11M	1.08B	909.3M	955.73M	822.67M	980.14M	792.09M	681.48M	678.63M	825.71M	672.92M	698.62M	614.67M	709.43M	614.05M	676.94M	568.67M	709.12M	573.29M	613.53M	522.2M	700.95M	562.63M	610.93M	520.24M
Income Tax Expense	80.41M	87.14M	65.34M	51.08M	-159.09M	22.33M	28.04M	19.45M	36.6M	9.42M	21.09M	24.27M	22.7M	16.35M	55.06M	30.48M	57.92M	23.3M	13.41M	16.45M	-73.38M	29.9M	52.12M	26.09M	41.72M	17.11M	45.73M	24.61M	41.71M	38.64M	57.1M	-150.12M	31.95M	24.71M	42.74M	19.45M
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)	2.27	2.08	1.57	1.44	2.83	1.34	1.51	1.06	1.53	1.09	1.34	1.10	1.49	1.35	1.65	1.15	1.74	1.64	0.96	0.84	1.90	1.20	1.18	0.74	1.01	0.98	1.01	0.69	0.74	0.81	0.94	1.27	0.73	0.66	0.85	0.46
EPS (Diluted)	2.25	2.07	1.56	1.43	2.82	1.34	1.50	1.05	1.53	1.09	1.33	1.09	1.48	1.34	1.64	1.14	1.73	1.63	0.96	0.84	1.89	1.19	1.17	0.74	1.00	0.97	1.00	0.68	0.73	0.80	0.94	1.26	0.72	0.66	0.85	0.46
EBITDA	516.08M	481.73M	386.14M	343.24M	385.79M	315M	328.54M	240.4M	222.64M	278.87M	334.38M	269.77M	356.18M	321.75M	408.96M	286.55M	407.87M	349.68M	217.72M	205.69M	305.08M	284.65M	282.94M	175.39M	247.39M	219.22M	242.58M	165.35M	201.93M	194.52M	230.72M	138.76M	183.61M	180.65M	221.99M	124M
EBIT	516.08M	437.48M	365.97M	327.04M	340.45M	270.37M	284.36M	196.98M	267.17M	220.27M	292.74M	228.56M	315.12M	282.67M	371.17M	249.66M	371.27M	317.1M	188.39M	177.48M	276.52M	261.46M	256.22M	151.38M	222.67M	195.96M	217.51M	142.2M	179.38M	173.65M	209.62M	117.03M	159.82M	159.62M	200.67M	103.8M
Depreciation & Amortization	1K	44.26M	44.11M	44.83M	45.34M	44.63M	44.19M	43.41M	41.5M	39.5M	41.64M	41.21M	41.06M	39.08M	37.79M	36.89M	36.6M	32.58M	29.33M	28.2M	28.56M	26.88M	26.72M	24.01M	24.72M	23.26M	25.07M	23.15M	22.55M	20.87M	21.1M	21.73M	23.8M	21.03M	21.32M	20.19M