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GRMN - Garmin Ltd.

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Garmin Ltd.

GRMN

NYSE

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; and fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices and mobile apps, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded computing models and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, online retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

189.68 USD

-2.1 (-1.11%)

GRMN Financial Statements

Quarter

2025 Q1

2024 Q4

2024 Q3

2024 Q2

Total Revenue

1.54B

1.82B

1.59B

1.51B

Cost of Revenue

650.55M

742.63M

634.42M

643.78M

Gross Profit

884.54M

1.08B

951.6M

862.89M

Operating Expenses

551.72M

563.84M

514.12M

520.86M

Research and Development

268.12M

258.75M

249.16M

243.15M

Selling, General & Administrative Expenses

283.6M

305.09M

264.96M

277.71M

Selling & Marketing Expenses

0

0

0

0

General & Administrative Expenses

0

0

0

0

Other Expenses

0

0

0

-513k

Operating Income

332.82M

516.08M

437.48M

342.03M

Total Other Income/Expenses Net

56.25M

57k

48.77M

23.95M

Income Before Tax

389.08M

516.14M

486.25M

365.97M

Income Tax

56.31M

80.41M

87.14M

65.34M

Net Income

332.77M

435.73M

399.11M

300.63M

Basic EPS

1.73

2.27

2.08

1.57

EPS Diluted

1.72

2.25

2.07

1.56

Basic Average Shares

192.54M

192.07M

192.2M

192.07M

Diluted Average Shares

193.72M

193.76M

193.17M

192.9M

EBITDA

379.12M

516.08M

481.73M

386.14M

Retained Earning Schedule

Quarter

2025 Q1

2024 Q4

2024 Q3

2024 Q2

Retained Earnings (Previous Year)

6B

5.56B

5.16B

5.44B

Net Income

332.77M

435.73M

399.11M

300.63M

Stock Repurchases

0

0

-19.61M

-9.99M

Dividend Paid

-144.57M

-143.98M

-144.13M

-144.03M

Retained Earnings

6.33B

6B

5.56B

5.16B

Other Distributions

187.99M

291.63M

235.61M

-430M

PPE Schedule

Quarter

2025 Q1

2024 Q4

2024 Q3

2024 Q2

Gross PPE

1.4B

1.4B

1.36B

1.34B

Annual Depreciation

0

1k

44.26M

44.11M

Capital Expenditure

-40.06M

-84.7M

-38.54M

-37.16M

Net PPE

1.44B

1.49B

1.35B

1.33B

Intangible and Goodwill Schedule

Quarter

2025 Q1

2024 Q4

2024 Q3

2024 Q2

Acquisitions and Adjustments

13.01M

-7.94M

12.28M

-2.01M

Goodwill (Previous Year)

603.95M

611.88M

599.61M

601.62M

Goodwill

616.96M

603.95M

611.88M

599.61M

All figures are in USD.

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