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Garmin Ltd
NYSE:GRMN

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Garmin Ltd
NYSE:GRMN
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Price: 210.33 USD 0.58% Market Closed
Market Cap: 40.4B USD
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Garmin Ltd?
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Income Statement

Earnings Waterfall
Garmin Ltd

Revenue
6B USD
Cost of Revenue
-2.5B USD
Gross Profit
3.5B USD
Operating Expenses
-2.1B USD
Operating Income
1.4B USD
Other Expenses
99.5m USD
Net Income
1.5B USD

Income Statement
Garmin Ltd

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Income Statement
Currency: USD
Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Apr-2017 Jul-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Apr-2023 Jul-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024
Revenue
Revenue
2 827
N/A
2 871
+2%
2 873
+0%
2 869
0%
2 842
-1%
2 820
-1%
2 859
+1%
2 897
+1%
2 939
+1%
3 046
+4%
3 036
0%
3 056
+1%
3 085
+1%
3 122
+1%
3 191
+2%
3 254
+2%
3 313
+2%
3 347
+1%
3 403
+2%
3 463
+2%
3 587
+4%
3 758
+5%
3 848
+2%
3 763
-2%
3 937
+5%
4 187
+6%
4 403
+5%
4 860
+10%
4 943
+2%
4 983
+1%
5 083
+2%
4 997
-2%
4 946
-1%
4 860
-2%
4 835
-1%
4 915
+2%
5 052
+3%
5 228
+3%
5 462
+4%
5 648
+3%
5 957
+5%
Gross Profit
Cost of Revenue
(1 259)
(1 266)
(1 255)
(1 276)
(1 286)
(1 282)
(1 325)
(1 319)
(1 317)
(1 357)
(1 324)
(1 322)
(1 320)
(1 324)
(1 339)
(1 363)
(1 379)
(1 368)
(1 398)
(1 406)
(1 444)
(1 524)
(1 558)
(1 533)
(1 608)
(1 705)
(1 787)
(1 979)
(2 033)
(2 092)
(2 172)
(2 138)
(2 112)
(2 054)
(2 038)
(2 087)
(2 166)
(2 223)
(2 308)
(2 391)
(2 476)
Gross Profit
1 568
N/A
1 604
+2%
1 618
+1%
1 592
-2%
1 556
-2%
1 539
-1%
1 535
0%
1 578
+3%
1 622
+3%
1 689
+4%
1 713
+1%
1 734
+1%
1 765
+2%
1 798
+2%
1 852
+3%
1 891
+2%
1 934
+2%
1 980
+2%
2 005
+1%
2 057
+3%
2 144
+4%
2 234
+4%
2 289
+2%
2 229
-3%
2 330
+5%
2 481
+7%
2 616
+5%
2 882
+10%
2 909
+1%
2 891
-1%
2 911
+1%
2 859
-2%
2 834
-1%
2 807
-1%
2 797
0%
2 828
+1%
2 886
+2%
3 005
+4%
3 154
+5%
3 258
+3%
3 481
+7%
Operating Income
Operating Expenses
(881)
(914)
(936)
(963)
(977)
(989)
(993)
(1 002)
(1 012)
(1 056)
(1 075)
(1 088)
(1 105)
(1 114)
(1 143)
(1 174)
(1 195)
(1 201)
(1 217)
(1 231)
(1 252)
(1 288)
(1 317)
(1 325)
(1 370)
(1 427)
(1 490)
(1 572)
(1 635)
(1 672)
(1 714)
(1 740)
(1 758)
(1 779)
(1 801)
(1 840)
(1 867)
(1 913)
(1 961)
(2 006)
(2 062)
Selling, General & Administrative
(495)
(519)
(531)
(547)
(554)
(562)
(563)
(568)
(567)
(588)
(593)
(593)
(597)
(603)
(612)
(628)
(640)
(634)
(646)
(652)
(663)
(683)
(693)
(684)
(702)
(721)
(746)
(793)
(817)
(832)
(868)
(894)
(917)
(944)
(953)
(970)
(984)
(1 008)
(1 035)
(1 062)
(1 090)
Research & Development
(386)
(395)
(405)
(416)
(423)
(427)
(429)
(434)
(445)
(468)
(482)
(495)
(508)
(512)
(531)
(546)
(555)
(568)
(572)
(579)
(589)
(605)
(625)
(642)
(668)
(706)
(744)
(779)
(818)
(840)
(846)
(846)
(841)
(835)
(847)
(870)
(883)
(905)
(926)
(945)
(972)
Operating Income
687
N/A
691
+0%
682
-1%
630
-8%
580
-8%
550
-5%
542
-1%
576
+6%
610
+6%
633
+4%
637
+1%
646
+1%
660
+2%
684
+4%
709
+4%
717
+1%
739
+3%
778
+5%
788
+1%
826
+5%
892
+8%
946
+6%
972
+3%
904
-7%
960
+6%
1 054
+10%
1 127
+7%
1 309
+16%
1 275
-3%
1 219
-4%
1 198
-2%
1 119
-7%
1 076
-4%
1 028
-4%
996
-3%
988
-1%
1 019
+3%
1 092
+7%
1 194
+9%
1 251
+5%
1 418
+13%
Pre-Tax Income
Interest Income Expense
36
31
(28)
(10)
31
6
45
41
(8)
2
(30)
(8)
21
14
54
44
30
40
42
46
38
36
19
7
29
40
43
36
10
(17)
(12)
(26)
(37)
30
49
93
120
104
108
102
141
Total Other Income
6
2
3
2
4
11
12
12
12
4
3
3
0
(1)
(1)
4
7
5
6
3
2
6
8
9
11
9
7
5
4
5
7
6
5
8
6
8
8
4
5
2
3
Pre-Tax Income
728
N/A
724
-1%
658
-9%
622
-5%
615
-1%
567
-8%
599
+6%
629
+5%
614
-2%
639
+4%
611
-4%
641
+5%
681
+6%
697
+2%
763
+9%
765
+0%
776
+1%
823
+6%
836
+2%
875
+5%
932
+6%
987
+6%
999
+1%
920
-8%
999
+9%
1 103
+10%
1 176
+7%
1 351
+15%
1 290
-5%
1 207
-6%
1 192
-1%
1 099
-8%
1 044
-5%
1 065
+2%
1 051
-1%
1 088
+4%
1 147
+5%
1 200
+5%
1 306
+9%
1 356
+4%
1 562
+15%
Net Income
Tax Provision
(411)
(360)
(345)
(354)
(81)
(111)
(121)
(128)
(107)
(121)
51
36
22
12
(163)
(151)
(129)
(129)
(131)
(137)
(150)
(35)
(25)
14
20
(111)
(125)
(167)
(160)
(125)
(118)
(84)
(78)
(91)
(87)
(93)
(106)
89
58
20
(44)
Income from Continuing Operations
318
364
312
268
534
456
478
501
507
518
661
677
703
709
600
613
647
694
705
738
782
953
974
934
1 020
992
1 051
1 184
1 130
1 082
1 074
1 015
966
974
964
994
1 041
1 290
1 363
1 376
1 518
Net Income (Common)
318
N/A
364
+15%
312
-14%
268
-14%
534
+99%
456
-15%
478
+5%
501
+5%
507
+1%
518
+2%
661
+28%
677
+2%
703
+4%
709
+1%
600
-15%
613
+2%
647
+5%
694
+7%
705
+2%
738
+5%
782
+6%
953
+22%
974
+2%
934
-4%
1 020
+9%
992
-3%
1 051
+6%
1 184
+13%
1 130
-5%
1 082
-4%
1 074
-1%
1 015
-6%
966
-5%
974
+1%
964
-1%
994
+3%
1 041
+5%
1 290
+24%
1 363
+6%
1 376
+1%
1 518
+10%
EPS (Diluted)
1.65
N/A
1.88
+14%
1.61
-14%
1.4
-13%
2.79
+99%
2.39
-14%
2.51
+5%
2.64
+5%
2.67
+1%
2.73
+2%
3.49
+28%
3.58
+3%
3.72
+4%
3.76
+1%
3.17
-16%
3.23
+2%
3.4
+5%
3.66
+8%
3.71
+1%
3.88
+5%
4.1
+6%
4.99
+22%
5.09
+2%
4.88
-4%
5.32
+9%
5.17
-3%
5.46
+6%
6.14
+12%
5.85
-5%
5.61
-4%
5.55
-1%
5.24
-6%
4.99
-5%
5.04
+1%
5.02
0%
5.17
+3%
5.42
+5%
6.71
+24%
7.08
+6%
7.14
+1%
7.87
+10%

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