GRMN
Garmin Ltd.
NYSE · Technology · Hardware, Equipment & Parts · CH
$277.03
−0.05%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 7.7B | 7.2B | 6.3B | 5.2B | 4.9B |
| Cost of Revenue | 3.1B | 3.0B | 2.6B | 2.2B | 2.1B |
| Gross Profit | 4.6B | 4.3B | 3.7B | 3.0B | 2.8B |
| Operating Expenses | |||||
| R&D Expense | 1.2B | 1.1B | 993.6M | 904.7M | 834.9M |
| SG&A Expense | 1.3B | 1.3B | 1.1B | 1.0B | 944.0M |
| General & Admin Expense | 314.8M | — | 917.4M | 835.0M | 776.0M |
| Selling & Marketing Expense | — | — | 191.6M | 173.1M | 168.0M |
| Other Expenses | — | — | — | — | 7.6M |
| Total Operating Expenses | 2.5B | 2.4B | 2.1B | 1.9B | 1.8B |
| Cost and Expenses | 5.6B | 5.4B | 4.7B | 4.1B | 3.8B |
| Operating Income (EBIT) | 2.1B | 1.9B | 1.6B | 1.1B | 1.0B |
| Non-Operating | |||||
| Interest Income | 140.8M | 128.9M | 113.5M | 77.3M | 40.8M |
| Interest Expense | — | — | — | — | — |
| Net Interest Income | 140.8M | 128.9M | 113.5M | 77.3M | 40.8M |
| Other Non-Op Income/Expense | 150.7M | 138.5M | 101.4M | 108.2M | 37.1M |
| Non-Operating Income (excl Interest) | (150.7M) | (138.5M) | (101.4M) | (108.2M) | (37.1M) |
| EBT (Pre-Tax Income) | 2.3B | 2.0B | 1.7B | 1.2B | 1.1B |
| Income Tax Expense | 391.5M | 350.6M | 284.0M | (89.3M) | 91.4M |
| Bottom Line | |||||
| Net Income | 1.9B | 1.7B | 1.4B | 1.3B | 973.6M |
| Earnings from Cont. Ops | 1.9B | 1.7B | 1.4B | 1.3B | 973.6M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 1.9B | 1.7B | 1.4B | 1.3B | 973.6M |
| Per Share | |||||
| Basic EPS | $9.75 | $8.65 | $7.35 | $6.74 | $5.06 |
| Diluted EPS | $9.70 | $8.59 | $7.30 | $6.71 | $5.04 |
| Revenue Per Share | $39.78 | $37.65 | $32.77 | $27.32 | $25.24 |
| Shares | |||||
| Basic Shares Outstanding | 192.8M | 192.5M | 192.1M | 191.4M | 192.5M |
| Diluted Shares Outstanding | 193.5M | 193.6M | 193.5M | 192.1M | 193.0M |
| Profitability Metrics | |||||
| EBITDA | 2.4B | 2.2B | 1.9B | 1.4B | 1.2B |
| D&A | 144.5M | 188.8M | 179.7M | 177.6M | 163.9M |
| EBIT | 2.3B | 2.0B | 1.7B | 1.2B | 1.1B |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026