Garmin Income Statement (2009-2025) | GRMN

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Income Statement Mar2009 Jun2009 Sep2009 Dec2009 Mar2010 Jun2010 Sep2010 Dec2010 Mar2011 Jun2011 Sep2011 Dec2011 Mar2012 Jun2012 Sep2012 Dec2012 Mar2013 Jun2013 Sep2013 Dec2013 Mar2014 Jun2014 Sep2014 Dec2014 Mar2015 Mar2016 Jun2016 Sep2016 Dec2016 Apr2017 Jul2017 Sep2017 Dec2017 Mar2018 Jun2018 Sep2018 Dec2018 Mar2019 Jun2019 Sep2019 Dec2019 Mar2020 Jun2020 Sep2020 Dec2020 Mar2021 Jun2021 Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Apr2023 Jul2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025
Revenue & cost
Revenue 436.70M669.10M781.25M1,059.38M431.07M728.76M692.36M837.72M507.83M674.10M666.99M909.64M556.60M718.15M672.38M768.55M531.96M696.56M643.64M759.69M583.22M777.85M706.28M803.31M585.39M641.51M710.87M894.45M810.01M932.11M766.05M954.84M934.38M1,102.23M856.11M869.87M1,109.19M1,351.40M1,072.33M1,326.90M1,191.97M1,391.59M1,172.66M1,240.83M1,140.43M1,306.36M1,147.42M1,320.80M1,277.53M1,482.50M1,381.65M1,506.67M1,586.02M1,822.56M1,535.10M1,814.56M1,770.90M
Cost of Revenue 240.70M317.49M371.51M572.62M200.16M337.11M348.34M457.92M269.46M352.00M322.66M475.86M272.84M296.34M313.32M394.69M255.82M312.92M290.75M365.06M252.39M333.36M308.04M372.46M241.27M268.70M284.34M371.18M329.26M382.94M314.35M379.48M366.93M462.78M349.17M354.44M441.21M560.42M430.77M546.05M496.03M619.48M510.18M512.01M469.94M561.38M494.63M561.35M548.96M618.35M579.51M643.78M634.42M742.64M650.55M747.55M724.41M
Gross Profit 196.00M351.61M409.74M486.76M230.91M391.65M344.02M379.79M238.37M322.10M344.33M433.79M283.76M421.81M359.06M373.85M276.13M383.64M352.89M394.64M330.83M444.49M398.25M430.85M344.12M372.81M426.54M523.27M480.75M549.17M451.70M575.37M567.46M639.46M506.94M515.43M667.98M790.98M641.56M780.85M695.95M772.11M662.48M728.83M670.50M744.97M652.79M759.44M728.57M864.15M802.14M862.89M951.60M1,079.92M884.54M1,067.01M1,046.49M
Operating items
Research & Development 55.03M56.25M55.51M71.58M62.48M73.34M69.51M71.93M70.48M70.52M72.94M84.65M79.72M80.30M82.49M83.26M87.69M96.23M88.43M92.57M96.16M98.40M99.00M101.55M106.00M122.20M141.96M141.71M138.98M145.16M145.92M148.88M148.56M162.00M165.39M165.74M174.88M146.33M188.85M186.02M198.93M204.95M209.01M201.52M208.69M215.71M221.49M224.39M221.57M237.25M242.53M243.15M249.16M258.75M268.12M276.66M286.46M
Selling, General & Administrative 59.78M62.19M71.50M70.74M67.68M73.83M66.87M79.44M73.19M85.90M88.75M93.38M90.12M99.25M86.40M94.03M86.27M88.04M86.46M94.67M89.87M92.41M90.63M99.12M98.75M102.05M117.06M120.50M114.67M125.94M126.78M128.74M124.77M138.28M137.19M132.02M142.13M212.25M171.99M180.72M177.65M190.91M190.78M191.21M189.55M372.46M234.33M250.69M236.63M286.45M261.19M277.71M264.96M305.09M283.60M318.05M303.22M
Other Operating Expenses 23.23M34.02M45.85M52.42M17.40M42.44M41.00M43.77M19.96M34.10M35.31M55.66M23.59M38.26M30.10M46.80M22.25M29.48M26.25M34.92M24.43M34.92M33.11M54.18M27.67M31.52M25.31M43.55M31.14M55.39M27.61M41.52M32.67M62.65M26.88M29.29M33.87M61.13M31.06M42.94M36.70M61.12M34.13M43.36M32.89M-110.38M
Operating Expenses 138.04M152.46M172.86M194.74M147.56M189.61M177.38M195.14M163.62M190.51M197.00M233.70M193.43M217.81M198.99M224.09M196.21M213.75M201.14M222.17M210.47M225.73M222.74M254.85M232.42M255.78M284.33M305.76M284.79M326.49M300.31M319.14M306.00M362.93M329.46M327.04M350.88M419.72M391.90M409.68M413.28M456.99M433.92M436.09M431.13M477.80M455.81M475.09M458.20M523.70M503.73M520.86M514.12M563.84M551.72M594.72M589.68M
Operating Income 57.96M199.15M236.88M292.02M83.35M202.04M166.64M184.65M74.75M131.59M147.33M200.09M90.33M204.01M160.06M149.76M79.93M169.89M151.75M172.47M120.37M218.75M175.50M176.00M111.70M117.03M142.20M217.51M195.96M222.67M151.38M256.22M261.46M276.52M177.48M188.39M317.10M371.27M249.66M371.17M282.67M315.12M228.56M292.74M239.37M267.17M196.98M284.36M270.37M340.45M298.41M342.03M437.48M516.08M332.82M472.30M456.80M
EBIT 57.96M199.15M236.88M292.02M83.35M202.04M166.64M184.65M74.75M131.59M147.33M200.09M90.33M204.01M160.06M149.76M79.93M169.89M151.75M172.47M120.37M218.75M175.50M176.00M111.70M117.03M142.20M217.51M195.96M222.67M151.38M256.22M261.46M276.52M177.48M188.39M317.10M371.27M249.66M371.17M282.67M315.12M228.56M292.74M239.37M267.17M196.98M284.36M270.37M340.45M298.41M342.03M437.48M516.08M332.82M472.30M456.80M
Non-operating items
Non Operating Investment Income 2.74M
Interest & Investment Income 5.10M5.19M6.36M6.87M6.88M5.79M5.70M6.62M7.21M7.64M8.46M9.49M9.67M8.62M7.99M8.83M8.90M8.18M8.44M9.76M9.77M9.67M9.34M6.80M8.02M8.44M10.23M10.99M11.09M14.84M13.70M13.73M12.31M13.07M12.03M10.46M7.78M6.74M7.65M7.02M6.90M7.00M7.55M8.49M10.47M14.31M15.90M18.76M19.80M22.84M25.03M29.29M28.83M30.38M30.51M31.72M32.09M
Other Non Operating Income -2.44M-4.84M11.75M-10.52M-46.54M-43.60M35.53M-33.76M12.14M-14.61M14.89M-24.52M-1.99M-7.77M-6.36M-3.90M-8.35M27.45M1.44M17.26M12.81M-20.38M-12.70M15.97M-44.26M-37.50M0.82M2.65M0.86M3.41M-16.30M-4.23M-15.42M-4.49M10.11M19.14M-8.28M-7.33M-15.01M-14.64M-3.51M-22.44M-29.86M44.53M7.69M10.80M-11.54M19.49M2.28M-4.83M18.13M-36.18M24.76M-23.51M20.33M
Non Operating Income 1.97M0.69M19.80M-241.93M-37.83M-37.63M44.28M-84.45M22.17M-4.52M27.70M-14.96M9.22M3.43M2.56M5.15M1.71M36.70M9.05M32.07M22.10M-10.03M-2.84M23.90M-35.50M-28.65M11.78M18.56M5.37M9.20M14.88M19.56M-3.69M-88.05M3.55M9.20M19.62M-127.10M1.48M1.20M-7.28M-112.04M7.31M-13.77M-19.11M-89.03M24.79M31.62M9.20M-195.35M28.63M23.95M48.77M0.06M56.25M7.96M53.02M
Net income details
EBT 59.92M199.84M256.68M292.21M45.52M164.41M210.92M156.42M96.93M127.07M175.04M185.13M99.56M207.44M162.63M154.91M81.63M206.59M160.80M204.54M142.47M208.72M172.66M199.90M76.20M88.38M153.98M236.07M201.33M231.87M166.26M275.78M257.77M287.41M177.63M197.59M336.72M391.47M250.51M372.06M275.39M308.84M235.86M278.97M220.27M329.88M221.77M315.98M279.57M383.04M327.04M365.97M486.25M516.14M389.08M480.25M509.82M
Tax Provisions 11.39M37.97M41.55M37.13M8.19M29.59M-68.64M-15.54M1.44M17.59M24.66M67.06M12.70M21.53M22.28M57.50M-7.03M34.09M-26.87M40.95M23.65M26.74M319.50M-10.35M9.40M-150.03M24.61M45.73M17.11M41.72M26.09M52.12M29.90M14.96M16.45M13.41M23.30M57.92M30.48M55.06M16.35M28.15M24.27M21.09M9.42M179.06M19.45M28.04M22.33M12.12M51.08M65.34M87.14M170.05M56.31M79.43M108.20M
Profit After Tax 48.54M210.41M215.13M255.07M37.33M134.82M279.55M132.91M95.48M109.48M150.38M165.56M86.86M185.90M140.35M129.29M88.67M172.49M187.67M163.59M118.82M181.98M-146.83M210.25M66.79M238.40M129.37M190.34M184.21M190.15M140.17M223.66M227.87M360.79M161.18M184.18M313.42M333.55M220.03M317.00M259.04M286.14M211.59M257.87M210.85M293.27M202.33M287.94M257.24M542.13M275.96M300.63M399.11M435.73M332.77M400.82M401.62M
Income from Continuing Operations 48.54M161.87M215.13M255.07M37.33M134.82M279.55M171.97M95.48M109.48M150.38M118.07M86.86M185.90M140.35M97.41M88.67M172.49M187.67M163.59M118.82M181.98M-146.83M210.25M66.79M238.40M129.37M190.34M184.21M190.15M140.17M223.66M227.87M272.45M161.18M184.18M313.42M333.55M220.03M317.00M259.04M280.69M211.59M257.87M210.85M150.82M202.33M287.94M257.24M370.92M275.96M300.63M399.11M346.09M332.77M400.82M401.62M
Consolidated Net Income 48.54M161.87M215.13M255.07M37.33M134.82M279.55M171.97M95.48M109.48M150.38M118.07M86.86M185.90M140.35M97.41M88.67M172.49M187.67M163.59M118.82M181.98M-146.83M210.25M66.79M238.40M129.37M190.34M184.21M190.15M140.17M223.66M227.87M272.45M161.18M184.18M313.42M333.55M220.03M317.00M259.04M280.69M211.59M257.87M210.85M150.82M202.33M287.94M257.24M370.92M275.96M300.63M399.11M346.09M332.77M400.82M401.62M
Income towards Parent Company 48.54M161.87M215.13M255.07M37.33M134.82M279.55M171.97M95.48M109.48M150.38M118.07M86.86M185.90M140.35M97.41M88.67M172.49M187.67M163.59M118.82M181.98M-146.83M210.25M66.79M238.40M129.37M190.34M184.21M190.15M140.17M223.66M227.87M272.45M161.18M184.18M313.42M333.55M220.03M317.00M259.04M280.69M211.59M257.87M210.85M150.82M202.33M287.94M257.24M370.92M275.96M300.63M399.11M346.09M332.77M400.82M401.62M
Net Income towards Common Stockholders 48.54M161.87M215.13M255.07M37.33M134.82M279.55M171.97M95.48M109.48M150.38M118.07M86.86M185.90M140.35M97.41M88.67M172.49M187.67M163.59M118.82M181.98M-146.83M210.25M66.79M238.40M129.37M190.34M184.21M190.15M140.17M223.66M227.87M272.45M161.18M184.18M313.42M333.55M220.03M317.00M259.04M280.69M211.59M257.87M210.85M150.82M202.33M287.94M257.24M370.92M275.96M300.63M399.11M346.09M332.77M400.82M401.62M
Additional items
EPS (Basic) 0.240.811.071.390.190.681.430.670.490.560.770.860.450.950.720.660.450.880.960.840.610.94-0.761.100.351.270.691.010.981.010.741.181.201.900.840.961.641.731.151.651.351.491.101.341.091.531.061.511.342.831.441.572.082.271.732.082.09
EPS (Weighted Average and Diluted) 0.240.811.071.380.190.671.430.680.490.560.770.850.440.950.720.650.450.880.960.830.610.93-0.761.090.351.260.681.000.971.000.741.171.191.890.840.961.631.731.141.641.341.481.091.331.091.521.051.501.342.811.431.562.072.241.722.072.08
Shares Outstanding (Weighted Average) 200.39M200.29M200.51M200.34M200.34M199.17M194.60M193.43M208.08M208.08M208.08M208.08M208.08M208.08M208.08M208.08M208.08M208.08M208.08M208.08M208.08M208.08M208.08M208.08M208.08M198.08M198.08M198.08M198.08M198.08M198.08M198.08M198.08M198.08M198.08M198.08M190.69M191.02M191.24M191.24M191.57M192.14M192.32M192.32M192.79M193.13M192.86M191.66M191.36M191.45M191.45M191.33M191.78M192.08M192.21M192.40M192.40M192.54M192.49M
Shares Outstanding (Diluted Average) 200.72M201.60M201.09M200.63M198.89M194.72M0.20M0.20M0.20M0.20M0.20M196.31M195.86M0.20M194.76M192.34M0.19M0.19M0.19M189.03M188.69M188.67M0.19M189.46M190.00M0.19M190.71M190.96M
EBITDA 0.02M199.15M236.88M292.02M83.35M202.04M166.64M184.65M74.75M131.59M147.33M200.09M90.33M204.01M160.06M149.76M79.93M169.89M151.75M172.47M120.37M218.75M175.50M176.00M111.70M117.03M142.20M217.51M195.96M222.67M151.38M256.22M261.46M276.52M177.48M188.39M317.10M371.27M249.66M371.17M282.67M315.12M228.56M292.74M239.37M267.17M196.98M284.36M270.37M340.45M298.41M342.03M437.48M516.08M332.82M472.30M456.80M
Tax Rate 19.00%19.00%16.19%12.71%18.00%18.00%1.49%13.85%14.09%36.22%12.75%10.38%13.70%37.12%16.50%20.02%16.60%12.81%12.34%15.98%19.37%8.50%17.99%15.69%18.90%11.60%5.20%9.26%6.79%6.92%14.80%12.17%14.80%5.94%9.11%10.29%7.56%4.28%54.28%8.77%8.87%7.99%3.16%15.62%17.85%17.92%32.95%14.47%16.54%21.22%