Garmin Ltd (GRMN) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
Garmin produces GPS-enabled hardware and software for five sectors: fitness, outdoors, automotive, aviation, and marine. Garmin has built a strong reputation for durable, high-precision devices thr...
Garmin Ltd's revenue increased 15.1% year over year, from $6.30B to $7.25B.
Net income increased 17.9% over the same period, from $1.41B to $1.66B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 140% in total.
Operating cash flow grew 14.0% to $1.63B.
Garmin Ltd maintains a strong net profit margin of 23.0%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Equity |
|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $1.59B+5.3% | $399.1M | $951.6M | $437.5M | $258.0M | $9.35B | $7.51B |
| Q4 FY2024 | $1.82B+14.9% | $435.7M | $1.08B | $516.1M | $483.9M | $9.63B | $7.85B |
| Q1 FY2025 | $1.54B-15.8% | $332.8M | $884.5M | $332.8M | $420.8M | $9.79B | $8.18B |
| Q2 FY2025 | $1.81B+18.2% | $400.8M | $1.07B | $472.3M | $173.2M | $10.32B | $8.13B |
| Q3 FY2025 | $1.77B-2.4% | $401.6M | $1.05B | $456.8M | $485.6M | $10.52B | $8.48B |
| Q4 FY2025 | $2.12B+20.0% | $528.7M | $1.26B | $614.2M | $553.8M | $10.99B | $8.97B |
| Q1 FY2026 | $1.75B-17.5% | $405.1M | $1.04B | $431.7M | $536.0M | N/A | N/A |
| Q2 FY2026 | $2.02B+15.3% | $541.9M | $1.26B | $615.5M | $403.6M | N/A | N/A |
Balance Sheet Summary (FY2025)
Garmin Ltd (GRMN) Financial Statements & Revenue History
Garmin Ltd (GRMN) is a US-listed stock operating in the Technology sector, specifically the Search, Detection, Navigation, Guidance, Aeronautical Sys industry trading at $284.79 with a market capitalization of $55. This page provides 42 historical financial statements for Garmin Ltd, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Garmin Ltd reported revenue of $7.2 billion, representing 15.1% year-over-year growth. The net profit margin of 23.0% reflects strong profitability..
GRMN Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Garmin Ltd's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether GRMN is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track GRMN's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Garmin Ltd converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of GRMN's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use GRMN Financial Data
Investors use Garmin Ltd's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare GRMN's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how GRMN's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View GRMN's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Garmin Ltd's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.GRMN trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.