Garmin Ltd.
GRMNNYSETechnology● Active
$237.44
+$0.87(+0.37%)
Market Cap$45.8B
P/E Ratio—
52W High$273.32
52W Low$186.67
Garmin Ltd. (GRMN) · Income Statement
Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.
FMP · GRMN · as of 2026-06-08
Financial statements
Revenue · Gross Profit · Net Income
| Breakdown | 2025-12 | 2024-12 | 2023-12 | 2022-12 | 2021-12 |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue | $7.25B | $6.30B | $5.23B | $4.86B | $4.98B |
| Cost of Revenue | $2.99B | $2.60B | $2.22B | $2.05B | $2.09B |
| Gross Profit | $4.26B | $3.70B | $3.00B | $2.81B | $2.89B |
| Gross Margin %(computed) | 58.74% | 58.70% | 57.48% | 57.75% | 58.01% |
| Operating Expenses | |||||
| R&D Expenses | $1.13B | $0.99B | $0.90B | $0.83B | $0.84B |
| G&A Expenses | $0.00B | $0.92B | $0.83B | $0.78B | $0.66B |
| Total Operating Expenses | $2.38B | $2.10B | $1.91B | $1.78B | $1.67B |
| Operating Income | $1.88B | $1.59B | $1.09B | $1.03B | $1.22B |
| Operating Margin %(computed) | 25.89% | 25.31% | 20.89% | 21.15% | 24.46% |
| Interest Income | $0.13B | $0.11B | $0.08B | $0.04B | $0.03B |
| Interest Expense | $0.00B | $0.00B | $0.00B | $0.00B | $0.00B |
| Income Before Tax | $2.01B | $1.70B | $1.20B | $1.06B | $1.21B |
| Income Tax Expense | $0.35B | $0.28B | ($0.09B) | $0.09B | $0.12B |
| Net Income | $1.66B | $1.41B | $1.29B | $0.97B | $1.08B |
| Net Margin %(computed) | 22.96% | 22.41% | 24.67% | 20.03% | 21.72% |
| Per Share & EBITDA | |||||
| EPS (Basic) | $8.65 | $7.35 | $6.74 | $5.06 | $5.63 |
| Wtd Avg Shares | 0.19B | 0.19B | 0.19B | 0.19B | 0.19B |
| EBITDA | $2.06B | $1.77B | $1.27B | $1.19B | $1.37B |
| EBITDA Margin %(computed) | 28.50% | 28.17% | 24.29% | 24.52% | 27.56% |
Data source: Financial Modeling Prep · Last updated: 2026-06-08 · USD · B
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About Garmin Ltd. (GRMN) Income Statement
Garmin Ltd. (GRMN) income statement data is sourced from SEC Form 10-K and 10-Q filings. For fiscal year 2025, GRMN reported revenue of $7.25B, gross profit of $4.26B (gross margin 58.74%), and net income of $1.66B — a net profit margin of 22.96%.
Frequently asked questions
GRMN · 4 questionsGarmin Ltd. (GRMN) reported revenue of $7.25B for 2025, up 15.1% year-over-year.
GRMN revenueGRMN salesannual revenue YoYincome statement
· Source: FMP /stable/income-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-08