GRMN
Income statement / Annual
Last year (2024), Garmin Ltd.'s total revenue was $6.30 B,
an increase of 20.44% from the previous year.
In 2024, Garmin Ltd.'s net income was $1.41 B.
See Garmin Ltd.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/28/2024 |
12/30/2023 |
12/31/2022 |
12/25/2021 |
12/26/2020 |
12/28/2019 |
12/29/2018 |
12/30/2017 |
12/31/2016 |
12/26/2015 |
| Operating Revenue |
$6.30 B |
$5.23 B |
$4.86 B |
$4.98 B |
$4.19 B |
$3.76 B |
$3.35 B |
$3.09 B |
$3.02 B |
$2.82 B |
| Cost of Revenue |
$2.60 B
|
$2.22 B
|
$2.05 B
|
$2.09 B
|
$1.71 B
|
$1.52 B
|
$1.37 B
|
$1.30 B
|
$1.34 B
|
$1.28 B
|
| Gross Profit |
$3.70 B
|
$3.00 B
|
$2.81 B
|
$2.89 B
|
$2.48 B
|
$2.23 B
|
$1.98 B
|
$1.78 B
|
$1.68 B
|
$1.54 B
|
| Gross Profit Ratio |
0.59
|
0.58
|
0.58
|
0.58
|
0.59
|
0.59
|
0.59
|
0.58
|
0.56
|
0.55
|
| Research and Development Expenses |
$993.60 M
|
$904.70 M
|
$834.93 M
|
$840.02 M
|
$705.69 M
|
$605.37 M
|
$567.81 M
|
$511.63 M
|
$467.96 M
|
$427.04 M
|
| General & Administrative Expenses |
$0.00
|
$834.99 M
|
$775.96 M
|
$659.99 M
|
$570.25 M
|
$518.57 M
|
$478.18 M
|
$437.98 M
|
$410.56 M
|
$394.91 M
|
| Selling & Marketing Expenses |
$0.00
|
$173.11 M
|
$168.04 M
|
$171.83 M
|
$151.17 M
|
$164.46 M
|
$155.39 M
|
$164.69 M
|
$177.14 M
|
$167.17 M
|
| Selling, General & Administrative Expenses |
$1.11 B
|
$1.01 B
|
$944.00 M
|
$831.82 M
|
$721.41 M
|
$683.02 M
|
$633.57 M
|
$602.67 M
|
$587.70 M
|
$562.08 M
|
| Other Expenses |
$0.00
|
$0.00
|
$7.58 M
|
$4.87 M
|
$9.34 M
|
$5.62 M
|
$5.37 M
|
-$912,000.00
|
$4.01 M
|
$11.42 M
|
| Operating Expenses |
$2.10 B
|
$1.91 B
|
$1.78 B
|
$1.67 B
|
$1.43 B
|
$1.29 B
|
$1.20 B
|
$1.11 B
|
$1.06 B
|
$989.12 M
|
| Cost And Expenses |
$4.70 B
|
$4.14 B
|
$3.83 B
|
$3.76 B
|
$3.13 B
|
$2.81 B
|
$2.57 B
|
$2.42 B
|
$2.39 B
|
$2.27 B
|
| Interest Income |
$113.52 M
|
$77.30 M
|
$40.83 M
|
$28.57 M
|
$37.00 M
|
$52.82 M
|
$47.15 M
|
$36.93 M
|
$33.41 M
|
$29.65 M
|
| Interest Expense |
$0.00
|
$0.00
|
$40.83 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$36.93 M
|
$33.41 M
|
$29.65 M
|
| Depreciation & Amortization |
$0.00
|
$177.57 M
|
$163.85 M
|
$154.82 M
|
$126.72 M
|
$106.18 M
|
$96.19 M
|
$86.25 M
|
$86.34 M
|
$78.36 M
|
| EBITDA |
$1.59 B |
$1.27 B |
$1.19 B |
$1.37 B |
$1.18 B |
$1.05 B |
$874.54 M |
$769.89 M |
$719.20 M |
$627.94 M |
| EBITDA Ratio |
0.25
|
0.24
|
0.25
|
0.28
|
0.28
|
0.28
|
0.26
|
0.25
|
0.25
|
0.23
|
| Operating Income Ratio |
0.25
|
0.21
|
0.21
|
0.24
|
0.25
|
0.25
|
0.23
|
0.22
|
0.21
|
0.19
|
| Total Other Income/Expenses Net |
$101.41 M
|
$108.20 M
|
$37.13 M
|
-$11.82 M
|
$49.17 M
|
$41.64 M
|
$44.90 M
|
$13.43 M
|
$5.76 M
|
$17.61 M
|
| Income Before Tax |
$1.70 B
|
$1.20 B
|
$1.06 B
|
$1.21 B
|
$1.10 B
|
$987.22 M
|
$823.25 M
|
$682.29 M
|
$629.67 M
|
$567.19 M
|
| Income Before Tax Ratio |
0.27
|
0.23
|
0.22
|
0.24
|
0.26
|
0.26
|
0.25
|
0.22
|
0.21
|
0.2
|
| Income Tax Expense |
$283.97 M
|
-$89.28 M
|
$91.39 M
|
$124.60 M
|
$111.09 M
|
$34.74 M
|
$129.17 M
|
-$12.66 M
|
$118.86 M
|
$110.96 M
|
| Net Income |
$1.41 B
|
$1.29 B
|
$973.59 M
|
$1.08 B
|
$992.32 M
|
$952.49 M
|
$694.08 M
|
$694.96 M
|
$510.81 M
|
$456.23 M
|
| Net Income Ratio |
0.22
|
0.25
|
0.2
|
0.22
|
0.24
|
0.25
|
0.21
|
0.23
|
0.17
|
0.16
|
| EPS |
7.35 |
6.74 |
5.06 |
5.63 |
5.19 |
5.01 |
3.68 |
3.7 |
2.71 |
2.39 |
| EPS Diluted |
7.3 |
6.71 |
5.04 |
5.61 |
5.17 |
4.99 |
3.66 |
3.68 |
2.7 |
2.39 |
| Weighted Average Shares Out |
$192.14 M
|
$191.40 M
|
$192.54 M
|
$192.18 M
|
$191.09 M
|
$189.93 M
|
$188.64 M
|
$187.83 M
|
$188.82 M
|
$190.63 M
|
| Weighted Average Shares Out Diluted |
$193.47 M
|
$192.06 M
|
$193.04 M
|
$193.04 M
|
$191.90 M
|
$190.90 M
|
$189.73 M
|
$188.73 M
|
$189.34 M
|
$191.11 M
|
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