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

Avg Volume785K

Open$236.69

Beta0.92

Overview

Garmin Ltd. (GRMN) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

GRMN · net income · updated Jun 8, 2026

Core profitability metrics

GRMN · net income · margin · TTM · CAGR

Net income was $1.66B for FY2025 (fiscal year ending 2025-12-27), up 17.9% year-over-year. Net profit margin was 23.0%. Based on available data, Garmin Ltd. has been profitable since at least 2011.

FY2025 Net Income$1.66B▲ +17.9% YoY

Trailing 12M (TTM)$1.74Btrailing 4 quarters sum

Net Profit Margin23.0%$1.66B ÷ $7.25B

YoY Change+17.9%—

5-Year CAGR+10.9%FY2020 → FY2025

FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net Income (bars) · Net Profit Margin % (line)

Net IncomeNet LossNet Margin %★ First Profit: 2011

▸ FMP /income-statement · Annual · GRMN net income history · GRMN profit margin

Annual net income data

GRMN · net income history · annual / quarterly

Fiscal YearNet IncomeYoY ChangeNet MarginRevenue

FY2025$1.66B▲ +17.9%23.0%$7.25B

FY2024$1.41B▲ +9.4%22.4%$6.30B

FY2023$1.29B▲ +32.5%24.7%$5.23B

FY2022$973.6M▼ 10.0%20.0%$4.86B

FY2021$1.08B▲ +9.1%21.7%$4.98B

Net income vs peers (Technology)

GRMN vs peers · net income

#CompanyNet IncomeYoYNet MarginRelative

Garmin Ltd.YOU

GRMN

$1.66B+17.9%23.0%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

Garmin Ltd. (GRMN) reported net income of $1.66B for FY2025 (fiscal year ending 2025-12-27), up 17.9% year-over-year. The net profit margin was 23.0% — meaning the company kept $0.23 of every dollar of revenue as profit.

Based on available data, Garmin Ltd. has been profitable since at least 2011. Net income reached a peak of $1.66B in FY2025. Data available for 15 fiscal years.

Garmin Ltd.'s net profit margin was 23.0% for FY2025, based on the latest annual results.

Investors sometimes search for "Garmin Ltd. net worth" — the company's market capitalization is a separate figure from GRMN net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.

Revenue Financial statements Earnings Forecast Price history Market cap Free cash flow

Frequently asked questions

GRMN net income · 5 questions

Garmin Ltd. is profitable. The company reported net income of $1.66B for FY2025, a net profit margin of 23.0%. Net income was up 17.9% year-over-year. Based on available data, Garmin Ltd. has been profitable since at least 2011.

is GRMN profitabledoes GRMN make a profitGRMN profitabilityGRMN profitable company

▸ Source: FMP /income-statement · GAAP · Garmin Ltd. · Garmin Ltd. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026