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GARMIN LTD GRMN
NYSE · stock · Search, Detection, Navigation, Guidance, Aeronautical Sys · website · IPO 2000-12-08 · LEI
GARMIN LTD financials (annual)
Bars are annual figures from 2016 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.2B | $6.3B | $5.2B | $4.9B | $5.0B | $4.2B | $3.8B | $3.3B | $3.1B | $3.0B |
| Gross profit | $4.3B | $3.7B | $3.0B | $2.8B | $2.9B | $2.5B | $2.2B | $2.0B | $1.8B | $1.7B |
| R&D expense | $1.1B | $993.6M | $904.7M | $834.9M | $778.8M | $652.3M | $605.4M | $567.8M | $511.6M | $468.0M |
| SG&A expense | $1.3B | $1.1B | $1.0B | $944.0M | $721.3M | $623.6M | $518.6M | $478.2M | $438.0M | $410.6M |
| Operating income | $1.9B | $1.6B | $1.1B | $1.0B | $1.2B | $1.1B | $945.6M | $778.3M | $683.6M | $632.9M |
| Income tax | $350.6M | $284.0M | -$89.3M | $91.4M | $124.6M | $111.1M | $34.7M | $129.2M | -$11.9M | $120.9M |
| Net income | $1.7B | $1.4B | $1.3B | $973.6M | $1.1B | $992.3M | $952.5M | $694.1M | $709.0M | $517.7M |
| EPS (diluted) | $8.59 | $7.30 | $6.71 | $5.04 | $5.61 | $5.17 | $4.99 | $3.66 | $3.76 | $2.73 |
| Operating cash flow | $1.6B | $1.4B | $1.4B | $788.3M | $1.0B | $1.1B | $698.5M | $919.5M | $660.8M | $705.7M |
| Free cash flow | $1.4B | $1.2B | $1.2B | $544.0M | $704.8M | $949.9M | $580.5M | $763.8M | $521.1M | $614.7M |
| Cash & equivalents | $2.3B | $2.1B | $1.7B | $1.3B | $1.5B | $1.5B | $1.0B | $1.2B | $891.5M | $846.9M |
| Inventory | $1.8B | $1.5B | $1.3B | $1.5B | $1.2B | $762.1M | $752.9M | $561.8M | $517.6M | $484.8M |
| Total assets | $11.0B | $9.6B | $8.6B | $7.7B | $7.9B | $7.0B | $6.2B | $5.4B | $4.9B | $4.5B |
| Shareholders' equity | $9.0B | $7.8B | $7.0B | $6.2B | $6.1B | $5.5B | $4.8B | $4.2B | $3.9B | $3.5B |
Growth · year-over-year · Revenue CAGR 10.1%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth | +15.1% | +20.4% | +7.6% | -2.5% | +19.0% | +11.4% | +12.2% | +7.2% | +2.5% | +8.0% |
| Net income growth | +17.9% | +9.4% | +32.5% | -10.0% | +9.1% | +4.2% | +37.2% | -2.1% | +36.9% | +13.5% |
| EPS growth | +17.7% | +8.8% | +33.1% | -10.2% | +8.5% | +3.6% | +36.3% | -2.7% | +37.7% | +14.2% |
| Free cash flow growth | +10.0% | +4.7% | +117.4% | -22.8% | -25.8% | +63.6% | -24.0% | +46.6% | -15.2% | +207.6% |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-27. Facts plus Stocktoria's own computed scores — not investment advice.