Garmin Ltd. (GRMN)
NYSE: GRMN · Real-Time Price · USD
289.48
+1.03 (0.36%)
Aug 26, 2026, 3:15 PM EDT - Market open
Garmin Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | Dec '25 Dec 27, 2025 | Dec '24 Dec 28, 2024 | Dec '23 Dec 30, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 25, 2021 |
| 7,671 | 7,246 | 6,297 | 5,228 | 4,860 | 4,983 | |
Revenue Growth | 13.51% | 15.07% | 20.44% | 7.57% | -2.46% | 19.02% |
Cost of Revenue | 3,062 | 2,989 | 2,600 | 2,223 | 2,054 | 2,092 |
Gross Profit | 4,609 | 4,256 | 3,697 | 3,005 | 2,807 | 2,890 |
Selling, General & Admin | 1,310 | 1,254 | 1,109 | 1,008 | 944 | 893.09 |
Research & Development | 1,181 | 1,126 | 993.6 | 904.7 | 834.93 | 778.75 |
Operating Expenses | 2,491 | 2,380 | 2,103 | 1,913 | 1,779 | 1,672 |
Operating Income | 2,118 | 1,876 | 1,594 | 1,092 | 1,028 | 1,219 |
Interest & Investment Income | 140.79 | 128.87 | 113.52 | 77.3 | 40.83 | 28.57 |
Currency Exchange Gain (Loss) | 7.23 | 7.85 | -20.6 | 26.43 | -11.27 | -45.26 |
Other Non Operating Income (Expenses) | 3.44 | 2.64 | 8.49 | 4.52 | 8.56 | 4.24 |
EBT Excluding Unusual Items | 2,270 | 2,015 | 1,695 | 1,200 | 1,066 | 1,206 |
Gain (Loss) on Sale of Investments | -0.79 | -0.9 | -0.01 | -0.06 | -0.99 | 0.62 |
Pretax Income | 2,269 | 2,015 | 1,695 | 1,200 | 1,065 | 1,207 |
Income Tax Expense | 391.5 | 350.65 | 283.97 | -89.28 | 91.39 | 124.6 |
Net Income | 1,877 | 1,664 | 1,411 | 1,290 | 973.59 | 1,082 |
Net Income to Common | 1,877 | 1,664 | 1,411 | 1,290 | 973.59 | 1,082 |
Net Income Growth | 19.69% | 17.89% | 9.45% | 32.46% | -10.04% | 9.06% |
Shares Outstanding (Basic) | 193 | 192 | 192 | 191 | 193 | 192 |
Shares Outstanding (Diluted) | 194 | 194 | 193 | 192 | 193 | 193 |
Shares Change | -0.03% | 0.17% | 0.64% | -0.51% | -0.00% | 0.60% |
EPS (Basic) | 9.75 | 8.65 | 7.35 | 6.74 | 5.06 | 5.63 |
EPS (Diluted) | 9.69 | 8.59 | 7.30 | 6.71 | 5.04 | 5.61 |
EPS Growth | 19.67% | 17.67% | 8.79% | 33.13% | -10.16% | 8.51% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 27, 2026 | Dec '25 Dec 27, 2025 | Dec '24 Dec 28, 2024 | Dec '23 Dec 30, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 25, 2021 |
Free Cash Flow | 1,600 | 1,363 | 1,239 | 1,183 | 543.97 | 704.78 |
Free Cash Flow Per Share | 8.26 | 7.04 | 6.41 | 6.16 | 2.82 | 3.65 |
Dividend Per Share | 4.200 | 3.600 | 3.000 | 2.920 | 2.920 | 2.680 |
Dividend Growth | 16.67% | 20.00% | 2.74% | 0% | 8.96% | 9.84% |
Gross Margin | 60.08% | 58.74% | 58.70% | 57.48% | 57.75% | 58.01% |
Operating Margin | 27.61% | 25.89% | 25.31% | 20.89% | 21.15% | 24.46% |
Profit Margin | 24.47% | 22.96% | 22.41% | 24.67% | 20.03% | 21.72% |
Free Cash Flow Margin | 20.86% | 18.81% | 19.68% | 22.62% | 11.19% | 14.14% |
EBITDA | 2,311 | 2,065 | 1,774 | 1,270 | 1,192 | 1,373 |
EBITDA Margin | 30.13% | 28.50% | 28.17% | 24.29% | 24.52% | 27.56% |
D&A For EBITDA | 193.34 | 188.76 | 179.74 | 177.57 | 163.85 | 154.82 |
EBIT | 2,118 | 1,876 | 1,594 | 1,092 | 1,028 | 1,219 |
EBIT Margin | 27.61% | 25.89% | 25.31% | 20.89% | 21.15% | 24.46% |
Effective Tax Rate | 17.26% | 17.41% | 16.75% | - | 8.58% | 10.32% |
Advertising Expenses | - | 228.54 | 191.59 | 173.11 | 168.04 | 171.83 |