Garmin Ltd (GRMN) Financial Statements
Historical financial data — 39 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
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q2 FY2023 | $2.47B+115.1% | $490.3M | $1.41B | $481.3M | $552.9M | $7.87B | N/A | $6.12B |
| Q3 FY2023 | $3.75B+51.8% | $747.5M | $2.14B | $751.7M | $910.3M | $7.97B | N/A | $6.35B |
| Q2 FY2024 | $2.89B-22.9% | $576.6M | $1.67B | $640.4M | $690.6M | $8.88B | N/A | $7.00B |
| Q3 FY2024 | $4.47B+54.9% | $975.7M | $2.62B | $1.08B | $948.6M | $9.35B | N/A | $7.51B |
| Q1 FY2025 | $1.54B-65.7% | $332.8M | $884.5M | $332.8M | $420.8M | $9.79B | N/A | $8.18B |
| Q2 FY2025 | $3.35B+118.2% | $733.6M | $1.95B | $805.1M | $594.0M | $10.32B | N/A | $8.13B |
| Q3 FY2025 | $5.12B+52.9% | $1.14B | $3.00B | $1.26B | $1.08B | $10.52B | N/A | $8.48B |
| Q1 FY2026 | $1.75B-65.8% | $405.1M | $1.04B | $431.7M | $536.0M | $10.95B | N/A | $9.27B |
Balance Sheet Summary (Latest Period)
Total Assets
$10.99B
Total Liabilities
$2.02B
Total Equity
$8.97B
Cash & Equivalents
$2.74B
Total Debt
N/A
Current Assets
$6.25B
Current Liabilities
$1.72B
Retained Earnings
$6.97B